Many people think that setting up a home based business will be easy. They think that all they have to do is stick up some sort of website and they will be a millionaire. These people are on the road to being very poor very quickly. They jump around from get rich quick scheme to get rich quick scheme, paying for program after program and they are never successful. Then they give up in disgust and bad mouth those who work from home.A home-based business is not a get rich quick scheme. Richard Branson started his empire in the basement and Bill Gates started work from the garage. If you want to be successful working from home there are three qualities that you need.You need to be patient- Success is not immediate. You cannot just start a business and expect the money to roll in. You need to know that profitability takes time and effort. You need to build your home-based business up one foundation stone at a time to ensure that it is built in a viable way that cannot just be taken away from you. They say that there is no such thing as an overnight success although success can exponentially grow based on the efforts and patience that you have now.You need to be dedicated to the point that you are stubborn- They say that the most successful people are dedicated to the point of stubbornness. (As an aside, I do not mean pig-headed. If you are stubbornly doing something that isn’t bringing success to your business then you are wasting your time.) The most successful people work out what they want to do and then work out the best way to achieve it. They decide on their home-based business idea and they stick at it until it is profitable. They don’t jump around from idea to idea and get bored easily. They don’t waste money on schemes that fail to deliver. They set a goal, work out what they need to do to achieve this goal and then just stick at it.You need to be prepared to ask for help and take advice and criticism from others- Successful entrepreneurs and home-based business people are always prepared to ask for help and take advice and constructive criticism from others. Sometimes you get stuck at a plateau and you need a little advice from others on how to take that next step. You need to surround yourself with some mentors who can help you take your business to the next level.If you think that you possess the qualities that I have mentioned above then chances are that you could be very successful at running your own business.

MLM Home based business is a form of doing business without much of the responsibility of a traditional business. If you have heard about an MLM Home based business from a friend or acquaintance – then take the invitation seriously.MLM Home Based Business – How to succeed with MLM and avoid losing moneyWithin this article you will learn how to guarantee success with MLM – and just as importantly – how to avoid failure.You will learn “the most important Secret” that most of the top income earners will never tell you. You will also learn why a staggering 97% of those entering MLM, ultimately make little or no money.Developing your list of ProspectsAs with any traditional type of business, you are going to need customers. After all, business is ALL about making sales – and MLM is no exception. Whether you make retail sales or add another team member to your organization that buys product – you will ultimately go out of business, if you do not create a constant flow of new prospects and new sales.Warm Market & Cold MarketThe Cold Market is known as those people you do not already know and the Warm Market is known as those you do already know.Typically, you will be encouraged to make a list of ALL your friends, family, social contacts and business contacts. Unfortunately, most of these are probably not looking for a home based business are are of NO benefit to your business. This means that eventually, you will fail to find new prospects and your MLM business will fail.Normally, you will be encouraged to make a list of up to 200 prospects. Unfortunately, despite your list, all the top income earners are aware that the majority of new MLMers, will ultimately leave the programme. This is what they call the “churning effect”. Equally, every so often, they find themselves a Diamond who goes on to create a sustainable MLM business and a wonderful income to match. So what is the difference – between those that succeed and those that fail – the answer is Marketing.How to Market your MLM Home Based BusinessWhilst your friends, family and contacts need to know about your MLM business, they cannot be relied upon. What you need to do, is to harness the power of the Internet and develop great Marketing. These are skills that you can learn from a great Mentor.Today, more than ever before, you can target literally thousands of people who are searching online for your opportunity. This allows you to become “the hunted” and not “the hunter”. In other words, instead of you literally chasing and persuading your friends and family, you can have instead, a constant stream of 40 people per day or more opting into your lead capture page. These people will be automatically added to your Autoresponder in order to receive an instant personalised message from you 24/7.Remember, your prospects are not interested as much in your Company, as they are attracted by your Professional approach and once these prospects have been added to your list, you can then make telephone contact using Skype – ( which allows incredibly cheap or FREE International Calls ) to move your prospect through your programme. This is called the Sales Funnel.Whether you are new to the internet or very experienced, online video tutorials are available in order to learn the necessary skills. These tutorials are essential for any MLM home based business and if you want to succeed online. For this, you will also need realistic expectations, discipline and a daily method of activity that fits in with your routine

There are lots of advantages of a home based business. Information from the 2007 U.S. Bureau of labor statistics show that 4.12 million entrepreneurs are now working at home. But You have to start one NOW.These are some benefits of a home based business.The largest of the advantages of a home based business in my viewpoint is the freedom. The liberty to dictate your own future. The freedom to do what you want and when you want. But very fast, before I mention why you have to start one NOW, here are some fast reasons:1. Control-of your own daily activity and schedule.
2. Security-No one else can dictate your wages or layoff or whether or not you’ve got a job tomorrow.
3. Time for Family.
4. No commute.
5. Performance Based pay instead of just getting paid what a job is worth.
6. Minimum start Up Costs vs. Bricks and mortar.
7. Function of the forceful net for additional business.
8. Leverage of other peoples efforts instead of a supervisor leveraging your efforts.
9. No age restrictions-young or old-any one can.
10. TAX BENEFITSTax benefits are the explanation why you need to get started today in your home business. In the case of taxes, the advantages of a home based business are great. If you get your business started before January first you can right away write off that investment for this years taxes.These are some common discounts that make a home based business worth while. All those PCs, printers, and supplies become a total reduction.Additional advantages of a home based business include being able to deduct whatever share of your home you set up as your office. If your work space is fifth of your home then you get to deduct 20 percent of your home owners expenses. These expenses include painting, resources, and even your home loan.The equation that might change from tax year to tax year is basically reasonably simple. I am not a tax accountant or tax pro so you are going to want to find the assistance of such a person. In any case it goes something like this: Let’s say you have a 2k square foot house. You create an office in your home where you are using 2 hundred sq. feet. In this theoretical case you’d be able to subtract 2 hundred / 2000 or 1 / 10 of your mortgage or lease, resources and everything else.You will be able to deduct a percentage of your security costs, your transportation costs, and insurance. Other deductible against tax expenses include software purchases, education, and even certain meal and entertainment expenditures.Of course when it comes tax time you’ll want to consult a professional to make sure you get all the advantages of a home based business you can. You should additionally be ready to subtract the entire expenditure of say a P. C. or printer that’s purchased for your business. Even your Internet costs and cell-phones will save you money on your taxes, meaning a bigger refund for you.Anyway, start saving on your taxes now by beginning your home based business today. Mull it over, what ever you spend by years end comes right off the apex of your revenue and instantly decreases your tax obligation for this year. This is one of the time delicate benefits of a home based business that you really need to pay attention to today.

The vast majority of buyers are searching the Internet to find the real estate they are looking for. The figure keeps changing but somewhere between 85 to 90% of all buyers use the Internet as their main tool for property search.

In these economically challenging times most professional real estate offices (including the large national franchises) have cut way back on their budgets for print advertising in the newspapers. In real estate offices this is known as a BLACKOUT on advertising and it is happening all over the country.

The other reason why real estate agents and offices heavily utilize the Internet is because it costs next to nothing and it works! Plan and simple it works.

The Internet has changed the way real estate is marketed forever and agents have accepted it. Print advertising is extremely expensive and the Internet has now made print advertising passé.
This is not a bad thing. Agents place their efforts and energy on what works and now so can you!
Right now is the perfect time for the average home seller to learn this truth and use the Internet to sell their property without the expense of a listing real estate agent.

One of the best-kept secrets around is that for peanuts and very little effort, sellers can put their property on the Internet without an agent or a real estate broker.

If you have a digital camera and have ever used or seen eBay then you can figure out how to post your property on the Internet. It’s that easy. Fill in the blanks, download some pictures and your property is out there for the world to see.

Oh sure, you are comfortable with the Internet. Maybe you have sold a car on it or have bought and sold other items on eBay or Craigslist. Or perhaps you are quite leading edge using all the latest technology. But this is real estate and it all seems a bit complicated. What about all the other steps that are involved in the real estate transaction?

Relax! This is not rocket science and most professionals in the real estate business are not scientists.

Use of the following 12 steps and it will make your transaction very manageable.

THE12 PRINCIPLES FOR SUCCESSFUL INTERNET REAL ESTATE SELLING is not only a guide for using the Internet to sell real estate online but also a formula for protecting and securing the seller throughout the entire transaction.

1. Be brave and set the price. The seller always has
2. You must perform all inspections before you market the property
3. Honestly represent the exact nature and condition of the property
4. Hire an Attorney. Do it early on in the sales process
5. Get proof of insurance from everyone
6. Anything you say can and will be used against you. So zip it!
7. You need to cooperate with and pay buyers brokers and agents
8. You can sell directly to buyers without an agent. If they don’t have one
9. Online advertising is cheap
10. Showings are easy
11. Be effective and follow up
12. All information concerning the property becomes the property of the property

If sellers will follow these principles they can sell their real estate online with the confidence that they can accomplish this important transaction from beginning to end.

For a full explanation on each of the 12 PRINCIPLES FOR SUCCESSFUL ONLINE PROPERTY SELLING go to [http://www.askjamesjoseph.com] for your free copy. In my new book REAL ESTATE 3G. HOW TO USE THE INTERNET TO SELL YOUR PROPERTY AND SAVE THOUSANDS OF DOLLARS IN COMMISSIONS I explain many of the changes and conflicts of interests that take place and have a negative impact on the sellers of real estate and how so many Realtors are actually counterproductive and harmful to the Seller’s cause.

I have more than 25 years experience in the Real Estate Industry as a Broker, Builder, Developer and Investor. I have bought and sold many, many properties directly without the use of MLS or listing Realtors. In fact I have sold entire subdivisions with very little involvement from the Realtor community and I can show you how to use the Internet to sell your property without wasting your money on a listing Realtor.

Sellers do not need the negative outdated services of listing real estate agents. I will show you how to work directly with buyers and cooperate with the type of agents that are entirely worthwhile, the buyer’s agents.

What are some ways a person can generate passive investment income? There are a number of ideas about it. Everyone has his own ideas about which one can be a passive investment income. We should have our own choice of investment. The wealthy, the marginalized, and the middle class people differ in their own preferences about investing their money. Now, let’s compare ways and opportunities according to some considerations such as safety, profitability, and also liquidity.

Safety means that your investment and the income are stable. The money that you invest could be prone to the changing market condition, economic slowdown, and social unrest. The point is that your passive investment income should always be there. In that case, it is safe to invest.

On the other hand, profitability is what we usually consider when we invest. We are supposed to believe that what is profitable is ideal. That’s right. But is it risky? Is my money stuck? Obviously, everyone would go for whatever gives them profit. Whenever we consider gains, the highest amount is always the best passive investment income. What we should consider here should not have been about the top gainers only. It’s should also be the safer ones.

Another significant factor that must be considered is liquidity. Let us suppose that we earn very attractively from our safe investment. What does that mean to us anyway? When you are ready to use your fund because you really need it and that’s the reason why you invested, is it possible to convert it to cash now? If there is no liquidity, our passive investment income is only an imagination. You would become wealthy only in your dreams. Liquidity is not only about the comfort of making a withdrawal. It is also about how smooth it is to invest.

Now, here are three kinds of investment we may consider whether which passive investment income is better for us. So, let’s talk about three kinds of portfolios such as business, stocks, and real estate.

Business is a personal activity that deals with economic factors that determines future gains. It is the chemistry of work and investment. This means that a businessman does not only wait for passive income, he should also work for it. Therefore, it is an active income and at the same time passive.

In the aspect of safety, business is not that safe. It is exposed to economic cycle. Businesses are under the supply and demand law. If the demand for their goods has been increasing, the price will also increase, and so will the supply. As time goes by, the demand will influence the supply to increase more. So if the supply is much greater, it will then influence the price to decrease. Consequently, businesses are getting more unstable and their future is turning gray. But, businesses may also get more resilient. As this type of investment is a little active, the active control of a businessman can manage a worse situation. Therefore, these two characters of investment regulate the cycle. Because of this, business becomes good. It is definitely a good example of passive investment income when it comes to safety.

In stock market, it’s the other way around. Safety is a very controversial issue here. Obviously, the risk involved here is very high. But the potential return is high, too. Passive investment income is more common in stock trading. Therefore, your income here is not the product of your active participation in the company. It is the product of your decision.

In the area of real estate, the lesser amount you invest, the safer it is. The bigger the investment you have, the riskier it becomes. But land alone is considerably not risky. The reason why real estate becomes a little risky is because the cost of structural materials is getting higher. Structural materials are also subject to the law of supply and demand. So, if we only rely on land for passive investment income by renting it out, our passive income will not be affected by any price fluctuation. Aside from that, structures depreciate over a period of time. Therefore, investing in real estate can be risky or safe depending on the kind.

In terms of profit, it is more attractive in business. In some businesses, you have to spend time before you earn regularly. Usually, the profit is negative especially if they are just beginning to operate. They should promote their brands and strengthen themselves in the market. When the consumers buy their goods, passive investment income begins. On the other hand, other businesses are doing well in the beginning of the operation. During the first stage, their sales shoot up. Subsequently, they grow very early. As time goes by, consumers get sick and tired of their goods. Consequently, these businesses reduce their passive income. Nevertheless, what is nice about business is the resilience to catch up with the competition. In business, the consistency of income is stable. One more advantage in business regarding this is the petty cash. Passive investment income in business need not come after a fixed cycle like that in stocks. There is always readily available petty cash.

On one hand, profit potential in stock investing is definitely high. As the character of stocks is risky, risk appetite causes the value of stocks to go up quickly. On the other hand, risk aversion and profit taking in the intraday trading can cause the value of stocks to go down quickly, too. Risk management in the stock market depends on the traders. Speculators enjoy their passive investment income from the price volatility while non-aggressive traders and investors get their passive investment income from dividends. Therefore, we can’t rule out the risk nature of stocks. When we gauge the balance between the energy we exert and the profit we earn, investing in stocks could be the most attractive one. We must not forget that passive investment income is an income that we could get without extra effort. If stock market really offers this potential, it must be a better option for passive investment income.

In real estate, how can we have a passive investment income? There is no doubt that one may enjoy his passive investment income in real estate without extra effort. The point is whether or not the ratio of profit is balanced with the investment. Surely, we can gain in real estate primarily because the usual investment is big as well. But always remember that you should pay the capital gains tax annually. This might explain why landlords do not solely rely on renting out their lots. Hence, land is usually developed to optimize the gains. Regarding the actual amount of gains, real estate could guarantee a better passive investment income. Therefore, we should really consider the ROI.

In terms of liquidity, it is somewhat less in business. Of course, liquidity still exists. However, much time is spent to put up a business, to start gaining, and even the time it takes to stop operating. Although the period of time executing all these can be determined according to a business plan, the process is still slower depending on the kind of business. Retail businesses are quite liquid whereas manufacturing industries are not.

Among the common types of investments known to many, investment in stocks is the most liquid one. You can open and close an investment account at your convenience. Moreover, you may select any available stock you wish to invest in. If you wish to have exposure in stock market, to take profit, or to pull out your investment, it won’t take that long. You may do so at any given time wherever you may be.

On the contrary, liquidity is a big problem in real estate. In business, there are still ways to determine it, but hardly in real estate. Usually, it is like a game of chance to sell even a small house and lot. Thus, investing in real estate, earning passive income, and even pulling out your investment will never occur overnight. It won’t matter if it doesn’t affect productivity. For instance, you have found a better opportunity that needs quick decision. Then, you think it best to change your existing investment into such a new one. Perhaps, before you are able to pull out your investment from real estate, your commitment to others will have already been canceled. In similar case, you might get stuck.

These are some ways a person can generate passive investment income. Whether you wish to invest in stocks, real estate, or business, you can always find an opportunity to generate passive investment income.