This is the last in a series of seven articles that tell you how to sift through all the home business opportunities you hear about every day, and find the PERFECT home based business for you.What makes an opportunity P.E.R.F.E.C.T.? In the first six articles in this series, we learned that the “P” in PERFECT stands for “Profitable”, the first “E” in PERFECT means “Easy”, the “R” stands for “Real”, the “F” means “Fits With Your Desired Lifestyle”, the second “E” stands for “E-friendly”, and the “C” means “Competitive”.Now, as you and I know, many so-called home business “opportunities” are not really opportunities. They’re not profitable. In fact, some of them will suck money out of your wallet faster than a vacuum. Many are certainly not easy. They’re not real. And, as a business, they can take so much effort that they own you, rather than you owning them. That kind of “all work and no play” makes it very hard for you to achieve the freedom you dream of, and to live the lifestyle you want.Many of these “business opportunities” don’t use the internet effectively and often require you to sell something to your friends and neighbors that they don’t really need. And, many will have you selling the same thing thousands of other people are selling. It’s hard to be competitive that way. Other problems and unpleasant surprises often show up in some of these business opportunities only after you have invested lots of your time and money.If you are finally ready to start making some real money in your own home business and stop throwing your money down the “home business opportunity rat hole”, then test every home based business opportunity to make sure it fits the definition of The P.E.R.F.E.C.T. Home Business, before you invest your time and money.Now, on to the last letter and key in the word “PERFECT”.Key Number Seven:The “T” in PERFECT stands for “Testable At Low Risk”. Who wants to start a business that requires you to spend $50,000 before you know if you will be successful or not? Not me! I always want to minimize my risk and to know quickly what is going to be profitable and what is not.Testable At Low Risk Means:• You can test your business, product, or service idea quickly and inexpensively to see if it is likely to be successful.The PERFECT Home Based Business allows you to test an idea inexpensively, often for less than $100, and almost always for less than $1,000.• Then, when you have some proof of possible success, you can roll out your efforts and invest more money in your business with a much greater comfort level that you will be successful on a larger scale. Don’t go blindly forward, spending all of your available cash on any business idea, without testing, testing, and testing some more first right up front.Now that you know the Seven Keys to a PERFECT home based business, make sure the opportunity you grab hold of has all of the Seven Keys. A business that is PROFITABLE, EASY, and REAL. It FITS WITH YOUR DESIRED LIFESTYLE, is E-FRIENDLY, COMPETITIVE, and is TESTABLE AT LOW RISK.
Property Management – Checklist in Finding Your Property Managers
Managing rental properties like apartment, studio, condominium, townhouses or house and lot requires a lot of money, time and effort. It also needs near-constant availability to ensure that you meet the needs of your tenants. Property Management Company is the answer to many property owners and investors who are having a hard time managing their properties. This property management company is composed of professional people who are tasked to build a good relationship between the landlord and the tenant. Their duties include the collection of rent, responding to maintenance issues and repair damages of the property, evictions, and monthly financial reporting.
Not all property management companies are alike. Like any products or services in the market, there are hundreds of property management companies who are promising to offer a good service but only few deliver the best-in-class service. Thus, you have to be very critical in selecting the company to manage your properties. Below are some tips on how to find the company to trust in managing you properties:
1) Good Reputation. Reputation is an intangible and multifaceted concept, which takes time and experience to build. The company’s reputation speaks a lot of its identity and the kind of service that it offers to its clients. A good property management company must be consistently professional, responsive and thorough. In addition, the company must be a licensed real estate broker and must have a team of experts to manage you properties. Pick the one who values your property.
2) Cost Efficient. Understanding financial statements, profit and loss, income taxes and budgeting are all very essential for the property manager. Expertise and competitive rental properties is necessary. The real estate property management company should work closely with the landlord in order to maximize rental income and return on investment for the property.
3.) MARKETING STRATEGIES- Good marketing strategies of a company can attract more potential tenants to lease your property. Effective competition in the market place necessitates more than just a word of mouth; it needs a solid marketing. Advertisements should be consistent and up-to-date. An effective marketing strategy can maximize occupancy and rental rates.
4.) Quick and Responsive- Quick and responsive communication are the solution to business development and service improvement. The skill to communicate effectively with customers and respond to their needs is essential because it only reflects how customers are valued. The property manager must then respond to their requests, monitor their activities as regards the lease requirements, collect rent in a timely manner, and continually assess the tenants’ satisfaction as regards the property’s amenities versus those of competing rental properties in the area. Services and communication must respond to the members’ needs.
5.) Conflict Management Skills. Lastly, a quality property manager should be excellent in conflict management. Real estate matters are so sensitive; therefore, crucial situations are being dealt here. Knowledge of existing laws is important towards the implementation of the business policy to avoid unwanted outcomes. They should know how to deal with the complexities of running rental properties.
A Guide on Successful Product Creation and Internet Marketing
Product creation in Internet marketing is getting stiffer and stiffer nowadays owing to tough competition between Internet-based businesses. Putting up a new product requires plenty of brainpower and finances along with an ability to take risk. With that, even if you have the product well-set already, you have to position it strategically in the Internet landscape for others to notice. You should get the interest of Web users and turn them to actual customers. Aside from the usual physical products, many different products that thrive well on Internet marketing include E-books, membership sites, and video lectures.
The long and difficult process of product creation begins with ideas. They are easy to get – compared to the effort that comes with analyzing the market for that idea. Before the idea turns to a product, businesses often spend money, even amounting to millions of dollars, to ensure the success of the new product that emerges from an idea. Businesses undertake many types of market research and surveys before releasing their products to the public. Now, you may think that because your business is small, you can’t afford research or you don’t have to do research; you can and you should. The Internet allows you to disseminate materials needed for your market study to many people at once without your having to spend a cent.
It is a common maxim in business: Look at your destination first before mapping out your journey. So what are the goals you intend to accomplish with your product creation ventures? The everyday travails of your business may make you forget the end in sight. On the other hand, prepare to entertain new developments that come to your mind in your product creation. Your conception of a product may have started this way, but a few tweaks here and there along with some market research results and it ends up another way. Take it as the result of a creative process, not as a failure to reach your goal. After all, your product creation activities are intertwined with a long-term goal that you should strive to sustain at your utmost: profit generation. So if your less profitable initial idea evolves to a more profitable product, be thankful!
With your product made up already, start doing some aggressive Internet marketing. A product purchase typically comes after more than five times a customer is exposed to an informative call-to-buy message. Thus it is important to get the contact details, like the e-mail address, of potential customers who are on the brink of a sale. Use the results of your market research to determine the demographics to which you should concentrate your marketing efforts.
With consistent product creation, you can make an inventory of your products that you can market in due time. Just keep making products – the moment you succeed in making and marketing a product, customers are surely wanting more from you, so give it to them. Keep them on your side through constant product creation.