I know at times it can be challenging looking between all sorts of home based business opportunities and finally deciding which one is for you. Trust me I’ve been there before. At times it can simply be overwhelming.Because I’ve been in the home based business industry for a while (5+ years) I decided to write this article to help guide you in the right direction. Ultimately the choice is yours.Now there are several types of businesses that fall under the “home based business opportunities” category.You have day cares, consulting firms, carpet cleaning, network marketing, direct sales, internet marketing, forex trading, and the list goes on and on. I want to bring to light in my expert opinion 4 critical keys that you want to consider while looking at home based business opportunities.1. Does It Offer True Freedom
Correct me if I am wrong. However I believe that you are like me. You are looking to be your own boss ultimately so that you can have freedom. Freedom to do what you want, when you want, with who you want, for as long as you want.A lot of home based business opportunities claim you will have freedom but in all honesty you won’t.
Too many businesses end up running the people or rather owning them. They are constantly filling orders, answering the phones, dealing with clients, driving all over town, dealing with vendors, answering email, trying to collect payment, and more.Who wants to deal with that? What if there were a way to have the benefits of being your own boss without having to deal with all the extra stuff that weighs you down?2. Systematic Process
This is a big one. I fully appreciate now knowing how powerful efficient systems are when you have them in place. It can be the difference between you being involved in every single thing that goes on in your business which will eventually wear you out vs you focusing only on what you are good at and allow the system to do the rest.It truly is a beautiful thing. Because of the systems that I have set up now, I’ve been able to eliminate myself from a lot of the heavy lifting if you will and get my work day down to 2 hours per day on activities that produce income. And it’s all because I have a system set up to do that which I’ll tell you about later.Imagine if you will having a system so powerful that handles your explaining, telling, selling, billing, payment processing, filtering, and outsourcing.3. Automatic Follow up Process
Answer this for me. If there were a way to follow up with your customers without you having to pick up the phone and feel cheesy making that phone call, would you want to know how to do it?If you are like most people you are nodding your head yes. Let’s face it. We live in a day and age where people really don’t answer the phone anymore unless your number is saved into their cell phone.Not only that but being tied to the phone to follow up with customers, prospect, make sales, collect payments, etc is a drag. That essentially makes your business your owner and you don’t have a life which goes back to point number one.Fortunately for you and me there are certain tools out there now that automate this process that we can leverage.4. Product Creation
I don’t want you to overestimate the importance of this last point. When researching home based business opportunities many people struggle with should they provide a service or a product. Then when they decide to provide a product the next question is what kind, how much will it cost, how do I get it patent, and there’s a lot of research that is involved if they are doing it right.What if you didn’t have to do all that extra intensive leg work and there were valuable products that you can stand behind that were already created? What if you didn’t have to handle the shipping, billing, or any of that with the products yet money still was deposited into your bank account like clock work.My friend that is the day and age that we live in now. If you don’t want to create a product much less provide a service then you don’t have too. There are product creators out there that are just looking for people to resell their products. Some are good and some are bad, you’d have to decide for yourself.Now that I’ve given you 4 serious points to consider when evaluating home based business opportunities I want to help you out even further. I want to show you the business that has all of these covered and then some.This business has allowed me to walk away from my job, earn a full time income, work anywhere I want because it is internet based, help develop me as a leader, and given me my life back since I only work about 2 hours per day.
Home Based Business Opportunities Are A Dime A Dozen: Here Are 4 Points To Consider
Raising Millions in Private Money – 2 Exercises to Find the Money For Real Estate Investing
Imagine buying a great property with none of your own cash, funding it with someone else’s money, pulling up to 60% of your profits out in cash on the day you buy, collecting more cash when it’s occupied and then enjoying a predictable and reliable positive cash flow each month. Now imagine doing this… every month! That’s what you can do when you use advanced strategies for raising millions in private money for real estate investing.
The most important factor when you’re looking at getting started raising millions in private money for real estate investing, is to get started right and to get started right now- in that order. No one can MAKE you start raising millions is private money for real estate investing, but at least I can help you put together the plan to get started right by helping you find the money and find the time you already have right now to find it in.
If you’re looking at getting started raising millions in private money to fund your real estate investing, you want to make sure you can find the money and find the time needed to do it right.
Print this article out and honestly complete the 2 exercises for yourself, and you’ll be on your way to doing just that!
First, you want to find the money.
Let’s help you to take stock of your existing financial resources. The answers to these questions will determine exactly what types of real estate investing you want to pursue.
Don’t worry, whether you’re a multimillionaire or middleclass, or even a homeless guy with no job, there are ways to build wealth in real estate-by raising millions in private money to use for your investing. But, before we get to that….Just answer these questions for yourself and you’ll be well on your way to determining the best way for financing your plan.
This first exercise will help you determine what kind of money do you have on hand to invest in real estate. Where will any needed down payment money come from? What kind of financing can you get?
You may even realize one or two sources of cash you can tap that you might not have thought about using (these will be in addition to the strategies I’ll cover in raising millions in PRIVATE MONEY from other folks)
1. Personal Checking Account $__________________
2. Personal Savings Account $__________________
3. Pension/401k Fund (withdraw) $__________________
4. IRAs/Roths (withdraw/borrow) $__________________
5. Stocks/Bonds/Mutual Funds (sell) $__________________
6. Credit Card Total (cash advance) $__________________
7. Home Equity Lines of Credit $__________________
8. Friends & Family (who has money?) $__________________
9. Cash-Accrued Insurance Policy $__________________
10. Other Sources to Raise Capital $__________________
That’s your money and you should use it in addition to or before you worry about raising private money.
Raising private money comes down to building relationships with people who have money. And that takes TIME and trust! I can’t teach you how to build trust in a 1000 word article. But I CAN help you find more time to do these things so that you can start your plan of raising millions in private money to you’re your real estate investing business.
So, secondly, you want to find the time.
Let’s help you to take stock of your existing time usage. The answers to these questions will determine exactly what types of real estate investing you want to pursue and what things you may need to “give up” to implement your plan of raising millions in private money for investing.
Don’t worry, whether you’re a busy entrepreneur or a regular working-man, have a family or just have many time commitments, there are ways to build wealth in real estate.
Just answer these questions for yourself and you’ll be well on your way to finding the time you need for your plan to get started now in real estate investing.
This second exercise will help you determine where your time is going each week, in some cases time spent on things you might possibly could do without- and will help you find time that you could likely be using to learn about and do real estate investments.
You may even realize one or two ways you spend more time than you thought, just by being honest here!
1. Watching television #hrs/wk: ______________________
2. Surfing the web (with no purpose) #hrs/wk: ______________________
3. Reading “fluff” (no educational value) #hrs/wk: ______________________
4. Sleeping more than 7 hours/night #hrs/wk: ______________________
5. Working (primary job/business) #hrs/wk: ______________________
6. Working (second job/profession) #hrs/wk: ______________________
7. Household chores (cooking, laundry etc) #hrs/wk: ______________________
8. Shopping for fun #hrs/wk: ______________________
9. Pursuing hobbies (non-investing) #hrs/wk: ______________________
10. Chatting on the phone/internet #hrs/wk: ______________________
If you’ve completed these simple exercises, congratulations!
Time and money might be the most wished-for things in the world, but few people ever take stock of what they already have (even those who wish for more, like folks who want to raise millions of dollars so they can invest in more real estate).
Whether you found more money than you thought you had, or more time than you realized you could use to invest and learn about investing, you’ve already discovered something powerful about yourself.
You’re a person who goes after what he/she wants.
Now that you have taken stock of your existing financial resources, and existing time usage, you’re ready to get started raising millions in private money for your real estate investing.
You’ll also need to (if you’re not yet investing) need to now determine exactly what types of real estate investing you want to pursue, what techniques you want to use, where and how you want to invest, and what kind of investments make you most excited.
Trust me. If you have found the time and found the money you already have…you’re already half-way there to getting started raising millions in private money for your real estate investing.
Ready for the next step?
It involves showing others how to do the exercise you just did (you DID do the exercise, didn’t you?) to “find their own money” and then GIVING THEM A REASON to give you that money to invest!
I’ve got plenty of other articles on how to do just that and one you should read is titled “How to Find Investor Partners and Private Lenders for Your Real Estate Investing”. You can just search for that phrase right here on the site, or through your favorite search engine. Find that article and read it next for the mechanics of FINDING and building RELATIONSHIPS with folks who can help you in your quest of raising millions in private money for your real estate investing.
Running an Online Home-Based Business – Are You A Businessperson or A Consumer?
If you run an online home-based business and you behave like a mere consumer, then don’t be surprised if all your efforts at growing your business is undermined by this mindset.Businesses make rational buying decisions after careful thought and based on a good feel for how what they are buying fit into their business model.Consumers make decisions based on impulse and what they feel will bring them satisfaction.If you are going to be successful in your online home-based business you have to understand this distinction.How do you adopt the mindset of an online business-person rather than a mere online consumer? Well maybe if you understand the implications, then this will force you to adopt the correct mindset.The implications from behaving as one or the other for your business are huge. And especially so if your business is home-based and run online.Every marketer trying to sell you something online is selling you based on their perception of you as the consumer who will instinctively pick up that tempting chocolate bar at the check-out.Not as a shopper who entered the store with a list of what is required and who is going to buy only what is on that list. And certainly not as an operator of an online home-based business having specific requirements.If you operate with the mindset of the consumer, each of your purchasing decision is most likely going to be driven by the mindset of a mere consumer. Not the mindset of a business person.That is because your online activities are most likely not based on a business model that have specific requirements, but are based on a purely money-making model looking to consume business opportunities presented to you.With this mindset you morph into an online business opportunity consumer, not an online home business operator.It leads to irrational decisions based on whims and driven by sales pitches creating an unhealthy level of anxiety that end up fragmenting your efforts, your time and your financial resources, damaging to your efforts at running a successful online business.These are the ultimate consequences of being an online business opportunity consumer rather than truly being an online business operator. And these consequences are what will eventually cause you to get exhausted and de-motivated only to end up putting your faith in another crazy idea with the same outcome over and over again.You cannot afford to have this mindset if you are going to run a successful online home-based business. So before you even contemplate running this kind of business online, get the correct mindset in place and the underlying resolve that comes from a deep understanding of the consequences of not doing so.Any other approach is just courting failure.