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Ideas for a Profitable MLM Home Based Business

Hello Friends,

Are you interested in setting up your very own MLM home based business? Well, have you got any ideas already for such a kind of business venture? If you have yet to think about it, then you might want to read through this article. It’s all about ideas for a profitable MLM home based business.

Idea No. 1 – Tutoring Other People’s Children: This job should be quite suitable for you if you are one who loves to be around children and who knows a thing or two about teaching. You could go around your neighborhood, ask if their kids need a little help on their academic work or extra-curricular activities, and then offer your services.

Idea No. 2 – Designing Other Businesses’ Websites: This job is for you if you know anything about designing websites, making it look good and attractive, or improving a website’s lead conversion performance. To kick-off this venture, email people you know who has a business of their own but has yet to set-up a website to market their products in the World Wide Web.

Idea No. 3 – Becoming a Personal Exercise Trainer: To succeed in this MLM home based business, you’ll have to become fit and healthy as well or no one will want your services as a personal exercise trainer. You will need to have your own vehicle too as you will need to visit your clients in their homes to do the exercises with them.

Idea No. 4 – Becoming an Advertising or Marketing Consultant: This is quite a profitable venture because the skills that you possess as an advertising or marketing professional are difficult to come by. What you have are specialized skills that are useful in coming up with a good and effective advertising or marketing campaign for your customers. Bank on this then offer your services to businesses in need of a boost in sales. Just make sure that you update your knowledge about current trends in the advertising industry because you wouldn’t want to get left behind or be ignorant of new marketing techniques.

Idea No. 5 – Becoming a Freelance Interior Designer: This job does not require you to have a degree in interior designing. Turning a lousy house into a beautiful home is more about talent and experience than skills or stock knowledge. This home-based business however might take some time to lift off. You need to start offering your services for free to friends and relatives who just moved into their new houses. Once they get to enjoy your work for them, they’ll tell their friends or colleagues at work. This should eventually provide you with a more lucrative list of clients. Just be patient because if you are persistent enough, you’ll succeed eventually.

To reiterate, these are but ideas for an MLM home based business if you plan on establishing your own. This article isn’t espousing that the ideas here are the end-all. You might have good ideas of your own. If so, why don’t you share it?

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Home Based Business Leads: How to Find New Customers?

Finding new home based business leads is sometimes ignored by some entrepreneurs. The reason for this is that they are too busy engaging in their day-to-day activities. As a result they no longer have time to build new customers. Just like any type of business, it will not survive if you do not look for new customers to patronize your products or services. Therefore, if you are looking for new clients and customers, you should spend significant amount of time marketing your business.Ways to find new customers and clients•Know your market. Do not just find home based business leads in any place. The product that you are offering may not be for everyone. Therefore, you should find a target market that allows you to gather new customers and clients to try your products and services.•Come up with a plan. Marketing needs strategy to become successful. Do not approach it without proper planning and carrying proper tools. Remember that new clients do not come to you if you do not disseminate information about what you are trying to offer. If you have an online business, you can look for new market by joining in a forum, commenting on a blog, and so on.•Create online presence. Even if your business does not offer products and services online, it is still recommended to have an online presence in order to gather new home based business leads. In this way, your business will be known, not just in your locality, but also to the whole world.•Ask your friends. Your family, friends and colleagues can also help you gather new clients and customers. They can refer other people to try out your services and products. To further encourage them to talk about your business to other people, you may offer them incentives like a trip to a spa or a discount when they choose to buy your product.•Analyze results. To find out if you have gathered significant number of home based business leads, you should have time to track results. This is to evaluate whether or not your marketing strategy is working. You should know which strategy allows you to obtain many clients. You should only use the one that offers the most efficient way to attract more customers.•Join a networking group. This allows you to meet new people and discuss your products and services. Networking is a great way to get home based business leads without having to spend a lot.Getting home based business leads is essential if you want your business to compete effectively.

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Property Managment Vs Asset Management

One of the biggest mistakes I see apartment and commercial real estate investors make is leaving their investment property in complete control of their property manager. Even the best property management companies will not look at things like the owner.

I have seen this literally cost investors thousands of dollars in lost cash flow and property value, so it is definitely a mistake you want to avoid.

In this article I want to discuss the importance of being an Asset Manager, rather than a Property Manager. First, let’s define these two terms:

Asset Manager
Focus is on maximizing return and property value for the investor(s).

Property Manager
Focus is on day-to-day management activities for a property.

“Think Like a CEO…”
If you want to maximize your returns as an investor, you must think like a CEO, and not a property manager. Your focus should be continually on how to maximize the return from a property and increase value.

I see a lot of investors that lose track of this, and leave things up to their property manager, thinking that is their job. It is not.

Here are the things you should be focused on as an Asset Manager:

1) Increasing Income
2) Reducing Expenses
3) Improving Property Value
4) In short, maximizing returns and property value.

Continually ask yourself questions, such as:

- How can we increase rents? Are all of our rents at market levels? Can we charge higher rent for preferred units, such as near a pool?
- Can we reduce our property taxes by protesting the assessed value? Can we reduce our insurance expense by changing companies? How can we reduce every single line item expense – even by a small percentage?
- How can we increase the value of the property? What improvements would maximize value?

None of these activities should be done at the cost of deferring maintenance or reducing the property value over time. As the CEO of your investment you need to see the big picture – whether it is a duplex or several hundred units.

Your property manager, on the other hand should focus on the day-to-day property operations to keep things running smoothly, such as:

1) Property Maintenance
2) Marketing and Rental of Units
3) Collecting Rents and Paying Bills
4) Enforcing Property Rules and Procedures

Good property managers will also perform activities that could be considered asset management, such as performing regular checks to verify market rents are maximized, testing marketing results, and finding ways to reduce expenses.

However, I would caution against leaving everything up to your property manager, because ultimately, it is your responsibility to increase your returns and property value.