Do you want to know how to find the most successful home-based businesses? There are three main things you need to think about in order to find the most successful home-based business opportunities. The first is to make sure you can afford the business. The second is to make sure you have help. Finally, make sure you pick a business that really has potential for you to make money and isn’t all hype.Make sure your business is an affordable one to operate. Know how much you are willing to spend on a business and how much you will have to spend on a monthly basis to run that business. Don’t spend everything you have to invest on just the business alone. Make sure you have enough money to run your business on a day-to-day basis. For instance, what sense would it make to buy a McDonalds and not have enough money to buy the burgers? When it comes to owning your own business you have to make sure you have enough money to operate it efficiently. Be careful of free or extremely low-cost home-based businesses that promise you will make millions. Lets be real, the old saying you have to spend money to make money is pretty accurate. That doesn’t mean you have to break the bank by any means, but thinking you can start a legit business for next to nothing is unrealistic.Make sure you have access to reliable and experienced people who can help you with suggestions and any problems you encounter. One of the scariest things about opening your own business is that you are the boss. You are the one everyone looks to for answers, and if you don’t have the answer who will? Who will train you how to run your business? Make sure you have some kind of support group or someone who has experience in the industry that will be there for you when you need help. Make sure you have at least two contact people or groups that you can contact by phone preferably or email if it isn’t urgent. This is especially important when you first get started with your own home-based business.Make sure you are in an industry that will allow you to make the kind of income you are looking for. Lets face it no one opens a business just for fun, the goal is to make money. Pick a home-based business that has the potential to pay you very well for all your hard work. It doesn’t make sense to buy a home-based business that will put you in debt hundreds of thousands of dollars to make fifty thousand a year. Also, when you buy a home-based business make sure it is something that you will enjoy. When you are in the home-based business industry you have to be a self-motivator and it is easier to do your job when you work from home if it is something you enjoy doing.These are the 3 main things to consider before you choose to invest in a home-based businesses. Make sure you consider all the costs associated with running the business. Find a business that comes with a help line or support group. Pick a business that you will enjoy and has the potential to make a large income. Follow these three simple guidelines and you will be on your way to a successful home-based business.
Do You Know How to Find the Most Successful Home-Based Businesses?
How to Find Great Live Auctions for Resale Items
Hi, my name is Walt. I’m an auctioneer with 25 years of experience in the auction business and licensed in the state of MA. I own Quick Auction Service, a company that specializes in building and running custom auctions, I’m also the webmaster of my own site and have been on eBay for 8 years. Besides eBay, the types of auctions I run most frequently are antiques and on-site estate auctions, although I’ve run everything from business overstock auctions to charity & special event auctions.
I enjoy sharing my knowledge and stories of the auction business. My goal for article is to help folks get the absolute most out of their auction experience.
Whether your fresh out of the package or a seasoned dealer I think I can offer something in this article to help you with your auciton adventures.
There may be as many reasons to attend auctions as there are types of auctions to attend. Maybe you want to attend an auction to buy items for re-sale on eBay, or some other market. Maybe you want to furnish your home with wonderful antiques, or you want to furnish your home as inexpensively without sacrificing quality.Some folks are just looking for a fun night out. With a little perseverance all these things are possible.
There are antiques and estate auctions, auto auctions, overstock auctions, absolute and no reserve auctions, real estate auctions, specialty auctions where only one genre of items are sold, tailgate auctions, live auctions, online auctions, sealed bid auctions, silent auctions, charity and fund raising auctions and many more.
Can you really buy for pennies on the dollar at an auction? You bet! Many times I’ve seen folks buy and re-sell at the same auction on the same night for a good profit, although be advised, this should only be done after the auction is over.
There are a lot of ways to find an auction, but here are some tips on how to find and attend the best ones.
Visit the genre of shops in the area that apply to the type of auction you want to attend. IE: If your looking for a good antique auction to attend, stop in the local antiques shops and ask for what there are for good auctions in the area. Sounds obvious right? But listen to what they don’t say as well as what they do say. Oftentimes when a dealer speaks poorly about an auction he or she attends, it may be likely that they are trying to keep a good thing secret. Think for a moment, why would a dealer keep attending a lousy auction?
Newspaper ads: I personally like to find ads in the classified ad section rather than flashy display ads. Flashy ads are usually indicative of an auction that will be high priced, may have reserves, (a set price on an item), and usually an enormous crowd. While any auction can be profitable to attend, it is usually best to steer clear of the glitzy ones, at least for the beginner.
Here’s the minimum you want to find out before you go. If there is a phone number in the ad, call and ask for the terms of the sale. What forms of payment do they accept? Is it an absolute auction? An absolute auction is one that has no minimum or reserve bids on items. These are the best auctions to attend! Is there a buyers premium? A buyers premium is like a tax that everyone who makes purchases at that auction must pay above the winning bid price. Most auctions these days do charge a buyers premium, 10% is not unreasonable but I feel much more than that is greedy, and the auctioneer that charges over 10% is counting on most bidders not doing the extra math as the bids quicken in pace.
A fair auction will have ample time to inspect the merchandise, usually at least 2 or 3 hours. Find out when inspection starts and make sure to attend! Never attend an auction if you can’t make the inspection, not unless your prepared to gamble. Most auctioneers sell at a rate of about 100 items per hour, which is why they sell “as is”. They simply don’t have the time to give a detailed description of all the items. Since almost all items at auction are sold AS IS, there are sure to be some damaged, refinished, fake and incomplete items at any given auction. Beware of any auctions that offer very little or no inspection time.
Good auctions will usually have 150 to 400 lots. A lot may be one item or a group of items. The exception to this are specialty auctions, auto auctions, real estate auctions etc.
When you attend your first sale, take note of the 1/2 dozen or so dealers that buy the most often. See if you can find out about other area auctions they attend.
When you do find an excellent auction, attend it as often as possible. By frequenting good sales, you help increase the bottom line of that business. It’s difficult for many auctioneers to keep the quality of merchandise consistent, so good attendance certainly helps. And when an auctioneer gets to know you as a buyer, he/she will go out of the way to accommodate you, to keep you coming back.
Tax Benefits Advantages of Network Marketing and Home Based Business
Starting your own network marketing home based business brings you a million-and-one benefits but the one specific benefit I want to talk about on this blog post are tax benefits since it is tax season.Most all network marketing companies have a monthly auto-delivery program a member has to be on to qualify for all commission bonuses. For example, it is typical that a brand partner of a network marketing company needs to be on a $120 monthly auto-delivery to qualify for all commissions. Guess what? Your monthly auto-delivery of $120 is 100 PERCENT TAX DEDUCTIBLE!We called the IRS to ask them if our monthly auto-delivery is 100% deductible. We spoke with IRS representative Colleen ID #0348881 and below is what the IRS representative said. First she asked several questions about how our business worked:Is purchasing the $120 monthly auto-delivery was a common practice amount for all members? which is “yes”
If it was expected for business builders but not consumers? which is “yes”
If it was helpful to drink the product? which is “yes”
Necessary to get paid? which is “yes”
Appropriate for network marketing industry? which is “yes”Based on the answer and Publication 535 Business expense page 2, the expenses would be ordinary (common and expected) and necessary (helpful and appropriate) in regards to our MLM business model. Which means the $120 purchase qualifies as a business expense.Also if a doctor recommends and supplies you MLM product out of their office, it is a medical expense for a patient. This is in the instruction for Schedule A.Other tax advantages to your home based network marketing business are the obvious expenses you can deduct, such as:A portion of your rent or mortgage – your business has to pay rent and that includes home-based businesses. Some of the amount that you pay each month in rent or mortgage payments can be counted as a business expense.
The cost of your computer
Office equipment and furniture – office desk, office chair, computer, software, telephone, printer, lighting, etc.
Internet connection
Phone bills
Your vacations and company events – This benefit can be huge! You’ll be able to deduct the cost of the plane ticket, hotel expenses, food, entertainment.
Conferences – There is no faster way to super-charge your business than to attend a conference. You’ll get a fantastic business education, get a chance to network and best of all get to write off the expense.
Restaurant meals – Take out members in your down-upline, up-line, or anyone you talk to about your home based business and the meal is on the IRS.
Groceries – Your home office needs some food for visitors. It is unlikely you will get away with your entire grocery bill but food you consume for home events and visitors is a legitimate deduction.
Some car expensesIn conclusion, it is hard to put a positive spin on paying taxes. It always hurts but we all have to do it. The good news is that by joining any network marketing company there are tax deductions that you would not have been able to deduct if you did not have a home based business.Always consult with a tax professional. We cannot provide any warranty about the information above.