Wednesday, June 25, 2008
1st RULE OF STARTING A HOME-BASED BUSINESS
It can become quite a challenge transforming yourself from an everyday person into a top-notch salesman. This is often reflected in our attempts to recruit new members or clients into our Home-Based Business programs. We forget to mention the most important part. There are still questions about our product that we don't feel confident enough to answer. We feel uncomfortable and disingenuous about marketing to our friends and relatives. All this because we ourselves are not sold on the product. This is why I suggest to you NOT to break that first rule of network-marketing - MARKET THE PRODUCT THAT LITERALLY WORKS FOR YOU. If you are marketing a product that you use yourself, you then stop selling and start sharing information. There is a stark difference. No one likes a salesman. But everyone trusts the individual who they feel shares something valuable with them. The reason is because there is no pressure in a "shared" experience. There is no pressure that comes with information. People are left in control of their own impulses and allowed to process that information by their own volition, as opposed to processing it against the clouded resistance they throw up to avoid being convinced by a salesperson. Take a second and let the difference sink in. Keep in mind also that you cease to sell/convince people to use your product and begin to explain to them the advantages that the product provides for you and your family. Whether the main advantage is the use of the product and the way it makes your day-to-day activities easier to accomplish, the extra income it provides, or the tax advantage that comes with owning a business, people always look to you first in order to determine whether or not your product is of any real value. If you don't have it, use it, want it, or endorse it, you cannot expect anyone but a complete sucker to want it for themselves.
In closing I will give you a prime example. I myself own a network-marketing business in travel. Needless to say I like to travel, so obviously it is an opportunity that first works for me. I travel at an agent's rate, I book the best hotels and rent better cars at much lower costs, and I write off my vacations, portions of my internet, cell phone, gas, and food expenses. Whether or not I sold one person on the idea of using this product, I myself would still make full use of these advantages and more. The funny thing about it, I find more and more people openly asking me more about my opportunity and how I can make it work as time goes on. This obviously takes the pressure off of me to sell, and the pressure from my prospects to be sold. Basically, it is a more natural interaction. It also effectively cuts that tension of convincing someone of why they should join my business. They themselves see the advantages that I have and naturally want to know more about how to make it possibly work for them too. Customers that I don't have to sell. How does that sound?
Friday, June 20, 2008
Why Pay Orbitz or Travelocity???
Write Off Your Next Vacaction!!!
There are many advantages to starting a Home-Based Business. My personal favorite is the tax advantage. It is no secret that the two most guaranteed ways to financial independence in this country comes through either ownership of property, or the ownership of a business. The truth of the matter is that from sole proprietor to the corporation, the IRS has specific codes in place to protect your interests (profits and losses) just for going through the trouble. The trick then is to create your status as a business owner and then to take advantage of EVERY opportunity that is allowed by the Federal Government. I don't know about you, but I feel that any and every tax break available to me is a gift that is more than welcomed.
Now, the obvious question tends to be "Well what kind of business could I start?" And typically the immediate question after that tends to be "...and how much would it cost?" The beauty is that it doesn't matter what kind of business you start or register, just start it and use the opportunity to forge a "partnership" between yourself and the Federal Government that will pay you dividends for a long time to come. I chose the travel industry. The reason was simply that by default it is one industry that we all contribute to, regardless of age, class, disposition, etc. By registering myself as a business owner in the travel industry, I not only would receive the obvious benefits of cut-rate travel and booking, but also I could claim these expenses as costs to do business on my tax return. For me that meant that that trip to Vegas for myself and my girlfriend, that rented car and hotel room, and even the food we ate were all losses I could claim on my taxes and get reimbursed for at tax season. I know that conventional knowledge pledges that you should NEVER mix business with pleasure but I beg to differ. I found it very effortless to tell a few people with whom I had interacted about my low costs to get there and the tax benefit that I would be receiving in the future just for being there with my girlfriend. Hell, I even handed out about 5 business cards (I was there for 4 days). This is an example of both being in the business and conducting legitimate business, according to the requirements of the IRS. And we're not going to even get into the cell phone bill, internet access, gas, and other things that I write off when I'm NOT traveling.
In a nutshell, it doesn't really matter what business you own or register. It doesn't even matter where it is based. What matters most is that you go through the simple process of legitimizing yourself in one endeavor or another and qualify yourself for a better quality of life. This can usually get accomplished in as little as a 2 step process. The costs and processes involved will vary from person to person as they choose the best businesses that work for them. Businessmen, politicians, and community officials have been doing it for generations. Many of them have upwards of 10 different companies that they claim losses for every year, just for the tax breaks that keep them financially independent. At any rate, one could go it alone or realize that there are many people out here that would be happy to show them how to improve their quality of life in the same easy ways. I am one of them. Or maybe you already know some people who could help you. The point is to contact these people, get the information you need, and launch the business that you can make work for you, irregardless of a so-called profit. When all else fails you can reap your profits every April when Uncle Sam kicks in on your business endeavors. Do it sooner than later. Start collecting and saving receipts today! Your pocket and government will thank you for it later....
*Feel free to email me with any questions regarding this article or how to start your own Home-Based Travel Business
Ian A Taylor
ianstravelbusiness@yahoo.com
www.ytbtravel.com/iantaylor