Top Tips For Contractors Seeking Accountants

SMEs and one man band companies need to make sure that their financial affairs are being dealt with by expert accountants. This kind of scenario is also applicable to all IT contractors and freelancers. Like all other businesses, they must also sign up with a reputable, specialist accountant that will handle their financial and accounting needs.

Dealing with numbers and vat and payroll issues is not the job for an IT contractor and it is not part of their expertise. They may have the depth of knowledge to deal with financial issues and paper work but instead of dealing with it, it is better to hire a reputable accountant to do all this for them.

Here are some of the tips that contractors can consider in looking for an accountant.

First of all, make sure to hire specialists. Before looking at anything else, you need to look for a team of specialist contractor accountants. Of course, you will most definitely want to hire an accountant that understands tax issues involved in a contracting business. You should look for firms who dealing with the contractor /freelance market.

Second, look for additional services that they offer. Like any other businesses, accountants for contractors also offer packages to their clients. This may include things such as completion of your annual self assessment return and IR35 contractual advice. If you are just about to begin your contract, your accountant can also help you with some issues in setting up your own company. They can help you register for VAT and any other services that will require their expertise.

Third, check the fees they are charging. Usually, contractor accountants may provide a complete accountancy service for a fixed monthly fee. However, you must fully research the services that the packages includes. Make sure that the amount that you will pay will be equal to value of the service that they will provide. Usually, the monthly packages include dealings with the tax authorities, PAYE and NI calculations, completion of TAX returns and year-end accounts.

Fourth, you must give some thought to their knowledge of tax legislation. They must be knowledgeable of IR35, managed service companies and income shifting since each of these issues has a big effect on the majority of contractors.

Fifth, you must consider the services that they provide. Like what is mentioned earlier, you must be aware of the services that they provide. You can contact several contractor accountants and find out about the services that they provide. You can compare the services that they provide including the fees that they incur and select the best contractor that will suit your needs.

Sixth, give some thought to personal recommendations. Among the other tips, this is the best way to look for a good firm of contractor accountants. With the help of other contractor colleagues, you can find the best accountants that can help you. They already have experience in dealing with them and you can be sure that they can provide the services that you need based on the testimonials of your colleagues.

Article Source: http://EzineArticles.com/?expert=Jimmy_Haines

What Is The Difference Between CPA and ACCA?

There can often be confusion about the various classifications which accountants can have and the meaning which they have. There are various terms used from charted to uncharted, CPA, ACCA, CMA and ICAS to general public the world of accounting can be an extremely confusing one. No matter what the qualification you will always get good versions and bad versions of accountants with the same qualification. However to keep things simple the best solution when it comes to choosing an accountant is to base you decision upon personal recommendations or based on the past performance of the account/accountant agency.

The terms CPA and ACCA both involve a qualification for professional accounting. CPA stands for Certified Public Accountant while ACCA is an abbreviation of the Association of Chartered Certified Accountants. The most obvious difference between these two terms is their origination with CPA originally being established in America and ACCA being based in the UK. CPA started in the 1800's with all applicant required to pass an entrance exam set by the American Institute of Certified Public Accountants (AICPA). Applicants are also required to have relevant work experience in order to be awarded the CPA certification. This award is generally quite a broad certificate covering everything from taxes to auditing. Holders of these qualification are often found throughout the industry and also in house within organisations. This is opposed to holders of an ACCA certificate who are often found within accountancy agencies.

Even though the ACCA is established in the UK it now holds members worldwide. To become a full member applicants must complete and pass an entrance exam and hold a minimum of 3 years relevant experience in the industry. The entrance exam for these certificates vary widely with the CPA exam covering areas including auditing and attestation, financial reporting, accounting and regulation as well as aspects such as business environment and concepts. In stark opposition the ACCA certification is divided simply into two areas. These are fundamentals and professional with fundamentals covering knowledge and skills required with the professional section covering essentials and options applied in accounting practices. It is obvious that there is a lot of confusion and difference in opinions when it comes to the world of accounting and the terminologies used. As a result additional agencies have been established such as the Institute of Chartered Accountants of Scotland (ICAS) whose purpose is to find a resolution to the Principles versus Rules debate within international accounting standard setting. As technology improves and businesses expand there are increasing merging of boarders between practices and countries. With this in mind it has now become for all accounts no matter their qualification to grow with the industry and become not only multidisaplined but also increasingly aware of the variations in practices across the world.

Article Source: http://EzineArticles.com/?expert=Caron_J_Rose

Accounting in Romania

Consider this article as a language course. At the end you should master speaking Romanian accounting. I'll try to turn it from a rather dull and technical language into an easy to follow method of staying on top of things.

I will help you get answers to a few basic questions related to understanding what the accounting numbers mean in Romanian. The tutorial is about reading one of the most basic accounting outputs - the end of month trial balance.

Accounting gives answers to many questions, but the crucial ones are:

• What is my turnover?
• Is the business making profit?
• How much money do I have?
• How much money do I have to pay in the short run?
• How much money do I stand to receive in the near term?

If you are doing business in Romania or you are considering doing business in Romania, it would probably be a wise thing to be able to answer these basic questions and understand how your business is performing.

Financial statements are prepared in Romania only twice a year, so if you want to have timely information, you should learn to read a trial balance. A trial balance is prepared at the end of each month, but be warned - accounting is just another form of studying history so what you get at any time is at best the last month's figures.

The Romanian format of the trial balance usually has 4 columns, each divided into 2 sections: Debit and Credit. Think of it in the following way, the balances on the debit side show the company assets, meaning the things the company spent its money on, while the balances on the credit side show where the company got its money from.

The first 2 columns of the trial balance reflect the initial balances of your company's accounts, the next 2 columns the monthly movements, the next 2 reflect the year to date movements including the initial balances while the last 2 columns show the ending balances of your company's accounts.

The trial balance is a collection of all the accounts used for recording the business transactions, divided into classes. In Romania, each account is given a number and it's not uncommon for accountants to speak only in terms of the account numbers, making your life more complicated.

However, if you know a few numbers, you can sort it out eventually. I'll point out the numbers that best answer the key questions.

Accounts starting with the number 7 point out revenues and accounts starting with number 70 point out sales, so if you want to know your total sales sum up the accounts starting with 70 and this should be your turnover. So we can tick question no. 1.

One important aspect concerning the Romanian accounting regulations is that we move the expenses and revenues to profit and loss at the end of each month, so a Romanian trial balance will never show balances for the expense and revenue accounts, that is class 6 and 7 accounts. If it does, that means you either have an incomplete or an incorrect trial balance.

Now, for question no. 2, "Is my business making profit?", simply check account 121 which is the Profit and loss account. If its balance is on the credit side that means your company is making profit, if the balance is on the debit side that means your company is making losses. Another possibility to check whether the balance in account 121 is correct is to sum up all the accounts starting with the number 7 and subtract the sum of all accounts starting with number 6, on the year to date columns. 7 points out to revenues and 6 to expenses. If amounts in class 7 are higher than amounts in class 6, you should feel relieved - your business is making profit.

We can also tick questions no. 2.

Moving on, you want to know how much money you have on hand. That's simple - just check the ending balance column of the accounts in class 5 that show values on the debit side. The result should answer the question, unless you have been withdrawing money from your bank account for discretionary use and your accountant built up money in the petty cash account.

Accountants usually do that, it's not their fault - they simply follow the double entry rule (each transaction is recorded in two accounts - so if money is out from the bank account and you didn't tell the accountant where it went, your accountant will naturally assume that it's in the petty cash - that means you have the money available on you).

The next question is trickier because money you have to pay is spread into a bucketful of accounts (it should not be surprising as you have to pay a lot of people - suppliers, employees not to speak of taxes owed). To come up with the answer, check accounts from class 4 of the trial balance that show a credit ending balance. Usually all payables are registered here. You might also have some short term loans, so add up the amounts under the second column from right to left corresponding to the class 5.

The last questions I am going to take is about money that you stand to receive. Simply check class 4 again, but this time look for the accounts that show a debit ending balance. Those are the amounts the company is waiting to cash in.

That should wrapped it up! If you need a more detailed explanation simply give us a call and set up an appointment. We'll be happy to assist you, after all our motto is "Guiding your investment in Romania!"

Article Source: http://EzineArticles.com/?expert=Vigi_Radu

Accounting Made Easy

What is Accounting About?

Well, accounting sounds like a dry topic, extremely boring but is extremely important to understand and this is what will allow any business owners to take any important decisions in their business. Accounting expresses in figures and financial reports what your business is about and how good of a manager you are. This is it. No more. And this really is Accounting Made Easy.

And then of course, you need to understand the language that is being used to make sure that you are in line with whoever you are addressing and you are discussing your finances with.

See, what happens most of the times with business owners is that they are so busy with running their business that they forget to look at the most important part of the jigsaw: their finances. They leave it to their accountant. But guess what? Your Accountant is NOT your financial planner. He will just create your financial accounts based on the information you gave him. And his job is DONE!

So what you need to bear in mind is the following:

1. Whenever you think of your financial accounts, ask yourself the following questions: who is going to look at them? And what are they looking for? Here there are 3 categories of people who want to look at them

a. Yourself as business owners in order to make important decisions for your business and make more money. In that case have some Accounting 101 sessions might be helpful to grasp what you need to focus on in your business.

b. Lenders: whenever you want to apply for a business loan, they will assess your credit strength and will therefore for through your financial statements very thoroughly

c. Auditors: this is often for companies of a larger size, whereby auditing just means proof-checking that your accounts are correct and reflect the reality of your business. ]

2. The second thing you need to think about whenever you think of your financial accounts is to to think of them as the following

a. Your Income Statement or Profit and Loss Statement = Performance of your Business

b. Balance Sheet = Strength of my business and Funding Profile Stability

c. Cash Flow Statement = Cash Flow Management and Debt Repayment Capacity

It's that simple and really is Accounting Made Easy. Once you have these concepts, you have the big picture of what accounting is about and you are ready to go more in-depth into the details of your financial statement and use them to make more money. There are several options to learn accounting. I would highly recommend Accounting 101 which is to me the best formula to get an Accounting Made Easy version as you will have your questions directly answered instead of struggling with some academic books and feeling overwhelmed by them.

Business Finances Made Easy's mission is to help business owners getting an accurate understanding of their business finances. This will allow them to be able to discuss their business finances at any time with confidence and will help them to get additional funding on demand.

Article Source: http://EzineArticles.com/?expert=Sabrina_Antou

Options For Managing Accounts Receivables

Every company would like to clear accounts receivables as fast as possible because these can hamper cash flow and business growth. This is true for all, regardless of the nature of the business or industry they are engaged in. This is also the reason why these companies are always stepping up their accounts collection departments. They know that sales not converted to cash are not yet useful to the company. That's why they would always exhaust their efforts to make sure these conversions are made, especially small businesses which rely heavily on their cash flow in order to sustain the business.

The ways that accounts receivables can impact a business will depend on how financially stable it is. The picture might be less serious for large companies which can continue to operate without having to rely on their accounts receivables. These are large companies which are well-funded and can survive even when accounts have yet to be collected. Usually, these are businesses that have been in the market for a long time and have, thus, established themselves financially. The problem is with small businesses which may even be just starting. Small business usually rely on their day-to-day cash flow in order to sustain operations and if this cash flow is hampered by very long delays in accounts collections, this can seriously compromise the business' financial position. Certainly, for the smaller businessmen, accounts receivables are a major concern.

The ways that accounts receivables can affect large and small businesses differ. However, to manage this aspect of business, there are also three ways that these businesses can make use of. One is by devoting an in-house department which handles accounts receivables tasks. This is good for large businesses that can afford to hire a team of employees who will be dedicated to clearing invoices. For medium-scale businesses, an alternative would be to outsource these tasks to a business process outsourcing or BPO company. This is surely most cost-efficient, compared to hiring employees who have to be paid and extended company benefits. By hiring a BPO company, instead, the expenses are greatly reduced.

For small businesses, it is wisest to use accounts receivables software which can be used by only a handful of people. However, the returns can be big. This software will make accounts receivables tasks a lot easier and faster to accomplish. This can allow a user to take note of all information that will be important in tracking these receivables. Old, traditional ways can still be used, but with the cut-throat competition in the market today, this is simply impossible. If a business, no matter how small, wants to keep up with competition, it is important to use tools and tricks that can increase productivity in a shorter period of time. This is what accounts receivable software is made for and it is up to the businessman to make the best use of it.

Article Source: http://EzineArticles.com/?expert=Greg_Pierce

What Purpose Does Accounting Serve - An Analysis to Understand the Art of Bookkeeping!

The pure objective of an accountant would be to record all business transactions that are monetary in nature, in order to ascertain if the company has earned profit or suffered loss during a financial year. The financial position of the company as on a particular date can thus be understood from the accounting journals and ledgers. We are talking about the conventional purpose of accounting. But with the lapse of time, more and more is being expected from accounting, in that, it has to meet the demands and requirements of tax authorities for the purpose of income tax and sales tax returns, government regulations, investors,owners and the management. Thus it can be aptly defined as the art of recording, classifying and summarizing events in a significant manner, that involve money transactions and/ or events that are of financial character, for interpretation.

Systematic records for future reference:

Book keeping is an accounting practice that tells us how to keep a record of financial transactions. A firm deals with its customers and suppliers, where numerous business transactions take place even every day. Is it possible for us to remember every transaction, which we might need it for our reference at a future date.Especially, if it happens to be a credit sale, definitely the necessity of systematic book keeping arises. The owner would like to know, what amount is due from whom, from time to time.

To know the financial position of the firm:

Every merchant is in business to earn profits. So systematic recording of factual and financial information will facilitate the owner to understand where he stands financially at the end of a financial year, what is his net profit and to pull the ropes tight if credit margin is wide. Further more, he can also understand the nature of his business growth by comparing the accounting records of two consecutive years.

Taxation purposes:

Some people evade tax, but no one can avoid tax. The main source of revenue generation for government is tax payments from business merchants and corporate companies. You need to pay a percentage as tax, in accordance with profit arising from sales. The accounting records that you maintain contain facts that are taken into account by the taxation authorities as a basis for assessment.

Good evidence in the court of law:

To prove your genuinity, in case of some disputes between yourself and the customer or supplier, your records and vouchers, if authentic and valid, are going to speak for you in the court of law as solid evidence.

Accounting also answers some of these questions:

* How well the different departments of business have performed all along?
* What is the most profitable product line?
* What are the products whose production has to be increase and what is to be stopped in order to avoid losses?
* Is the cost of production reasonable or excessive?
* Is there a need to revise policy decisions to improve the profitability?
* What will be the future plans of business in the wake of existing results presented to the management?
* Overall, is the firm proceeding towards the right direction in terms of productivity, profitability and growth?

Accounting is not only about recording and classifying, the interesting features being analysis and interpretation, which are the key factors for the development of the organization as a whole.

Article Source: http://EzineArticles.com/?expert=Shyamala_Sankaranrayanan

5 Things to Remember When Choosing Accounts Software for Your Business

Choosing the right accounts software for your business can be a difficult task with so many providers out there, so below are five points to help you find the right accounts software for your business...

Growth

Consider where your business is going in the near future as you do not want a system that stops your business growing because you are limited to the amount of transactions you can enter or if there is a maximum amount of users that are able to access the system.

Ease of use

Take into consideration whether the software is easy to use. If you have multiple people that will be using the software they will need to be trained and if the software is difficult to use this may take more time and could cost you more money.

Features

Will you use all the features available? Consider looking at modular based accounts software as they allow you to only purchase the features that you need.

Market sector

Do you operate within a specialist market sector? If you do, this could mean you require features that are not in standard software. You can talk to your trade association or ask accounting software providers for assistance.

Web-based or in-house?

Consider both options and see which suits your business most. A web-based system allows remote workers to easily access your system from a computer with Internet access and won't require a costly installation at your offices. However people believe that a web-based system has a higher risk of security breaches and data loss as opposed to an in-house system.

Article Source: http://EzineArticles.com/?expert=Phil_Denham

Management Accounting - A Tool That Integrates All Functional Areas of Management!

Management accounting is the updated version of what you call financial accounting and the most circulated term in corporate business arena. Management involves planning, organising, staffing, leading and controlling the resources available in an organisation, namely the physical and human resources. Much importance is given to personnel management as they are the priceless assets of any organisation.But it is equally important for a firm to record all its business transactions for future reference and tax audits. Thus the necessity of accounting comes into the fray.

Well, accounting means something to do with finance. So, what is the big difference, if it is financial or management accounting. One difference is in the title, and the other in their function. The rationale behind financial accounting is statutory, done for the benefit of shareholders, customers, government regulatory agencies, other external agencies, potential investors and the like. It records all business transactions that are purely monetary in nature and no further analysis is done.

Management accounting is voluntary and reports are prepared to meet the internal needs of management. We talked about planning, for which interpretation and analysis of such quantitative data and other inputs becomes necessary to plan for future needs of management. The main functions being, attention direction and problem solving, management accounting is primarily concerned with providing information relating to the various aspects of a business, like cost or profit associated with some portions of business operations. It employs techniques such as standard costing,budgeting,marginal costing, break- even analysis and so on., Inputs also stem from industry data, competitor data, published reports by public and private agencies and research studies findings, thus widening its scope for improvement in business operations.

Financial accounting is restricted to deal only with "generally accepted accounting principles" and any deviation is considered to be errors for correction. Although this leads to credibility and validity, what about timeliness of information? It is more important than the accuracy of information presented with a time delay for management's perusal and it does not solve the purpose. The former restricts the accountant to a mere book-keeper while the latter transcends the role of the accountant to that of total business information technologist. Here he becomes an evaluator of different functional areas like marketing, production, purchase and personnel.

As modern business is huge in size, complex,diversified and decentralized in terms of operations, financial accounting just does not fill the bill, as information is required as when an event happens at various hierarchical levels of an organisation.Management accounting is inter disciplinary in character and derives inspiration from organizational theory,economics,behavioral sciences, statistics and management. Although the paraphernalia required for management reporting is complex and expensive, it is worth the try, as it tries to compare and contrast the actuals with the standards and bring out variances if any. This is quite useful in determining the cost-effectiveness of a particular project or to be prepared for suitable action.

Management accounting is nothing but a management information system where the managers have to be techno-savvy in order to handle the total information resource and project it suitably to the management to take timely actions for the increase in growth, profit and sustainability of the firm.

Article Source: http://EzineArticles.com/?expert=Shyamala_Sankaranrayanan

Non-Profit and For-Profit Accounting: What's the Difference?

All business entities, whether non profit or for-profit, need accounting for administrative and financial organization. Even non profit organizations (NPOs) have to account for the funds they receive and spend; this act of establishing financial accountability is the essence of accounting. More often than not, these business entities rely on the expertise of in-house accounting teams comprised of certified public accountants, bookkeepers, and clerks.

The accounting processes needed for NPOs and profit-oriented businesses essentially remain the same. This is especially true with regards to keeping track of the entity's revenue and expenses. However, the nature of an NPO makes non profit accounting a little more complicated than for-profit accounting. Non profit accounting usually requires accounting teams to keep track of some additional financial information and generate more specific reports.

Accounting departments of non profit organizations typically have to create reports for the accounting of contributions. Contributions may come from membership dues, pledges, in-kind donations, and events such as fundraisers. The funding received through these means have to be duly recorded by NPOs and must be included in the organization's financial statements. This applies especially to NPOs that hold a tax-exempt status.

Non profit organizations that are exempt from tax may also be required to make annual reports on the organization's functional expenses. Functional expenses, in accounting for non profit organizations, refer to the expenses incurred during activities such as program services and fundraising activities. Operational expenses may also be included in these reports. The US Internal Revenue Service requires tax-exempt NPOs to submit yearly financial statements of these functional expenses.

In addition, an NPO's accounting department also has to perform tasks related to fund accounting. Through non profit fund accounting, an NPO can efficiently keep track of expenses and revenue related to the organization's funds. An NPO can have many different types of funds, and some of these financial resources may be restricted to a particular type of expense.

For instance, through fund accounting reports, NPO shareholders and controlling boards can determine if the organization's land, building, and equipment fund was used to acquire assets falling under these categories. Non profit fund accounting ensures that all the organization's funds are used appropriately, helping the NPO's financial statements keep up with financial accounting standards.

Article Source: http://EzineArticles.com/?expert=Verna_Derosier

Accounting Software Functions

The term accounting software means different things to different people. Some find it a way to remedy the painstaking and disorganized use of spreadsheets, others find financial discoveries they've been missing, and still others use it to solve and handle internal processes, such as order processing and inventory management. No two businesses are in the same situation, and that is why you should not purchase a product without first checking it out for yourself. Your software choice should fit your business and integrate nicely with your processes. By choosing a program that isn't a good fit, you are adding time and frustration to your employees' calendars, which in turn increases your payroll. Find the right software and your whole company will run more efficiently, and employee frustration will be reduced. Here are important functions to consider for your business, before you purchase accounting software.

Customer Invoices and Sales Orders

In accounting software, the customer invoicing is usually handled with Accounts Receivable, and the sales orders are handled in Order Entry. Accounts Receivable handles invoicing, but also helps you to keep track of customer information along with corresponding pricing and terms. You can also run reports that show information about open invoices, invoice aging, commission, sales activity, customer analysis and more. Most accounting software will include Accounts Receivable; however, not all programs include an Order Entry function. If you need the ability to put items on back order or make partial shipments, Order Entry is crucial. Order Entry is also a great place to create quotes and turn them into orders, pull in tracking and shipping information, and view what orders need to be filled or shipped.

General Ledger

The General Ledger is the heart of the financial information within any business. It is the place where you can analyze business transactions, so you know where you stand financially. By using and understanding your General Ledger, you won't have to guess about your financial position, so you can make better financial decisions. Good accounting software should contain the General Ledger function.

Inventory Management

If you manage a warehouse or a large number of products, then you need Inventory Management for your business. Some accounting software includes Inventory Management as a standard item, and others offer it as an additional purchase. Inventory Management can involve many variables, such as multiple pricing levels, UPC code tracking, serial and lot number tracking. Because Inventory Management packages can vary so widely, be sure to think about exactly what you are looking for before starting your search.

Ordering Products and Paying Invoices

If you sell products, you need a way to order them and organize your invoices due, and that is where Accounts Payable comes in handy. Here you can keep track of your vendors and transactions, and you can also run useful reports such as open invoice, invoice aging, cash requirements and more. For more advanced ordering capability, Purchase Orders can be very useful. Placing vendor orders with Purchase Orders allows you to receive partial shipments and place others on backorder, automatically update inventory upon receipt, drop ship products and much more. Purchase Orders can also help manage inventory quantity levels and provide useful tools so you don't end up with an overstock or shortage of inventory items.

Consider which of these accounting software functions are right for your business, and you will be on your way to more efficient operations, and improved employee performance.

Article Source: http://EzineArticles.com/?expert=Stephanie_Elsen

Managing Those Accounts Receivables

Accounts receivables are an inevitable part of business for certain companies. These are companies that dispose of items or services to clients without requiring cash upfront or through an installment plan. This is good on the part of consumers who will then be given the chance to take home something they want without having to pay for it upfront. On the part of the company, this can also be viewed from a positive light as it allows customers to delay their cash payments as a way of attracting even more customers. However, the bottomline is, when accounts receivables are not collected efficiently, this can mean losses to the company.

Losses to a company from longstanding accounts receivables can be big or small, depending on the nature of the company itself and the amount that is involved. A large business, for example, will be able to continue operating even when there are old accounts receivables that may have been causing losses for a while. In a scenario like this, a well-funded business will not find its AR to be crucially significant because it will still be able to function normally in any case. Of course, all invoices should be cleared and AR collected, whether the company is big or small, but when it comes to impact, effects on a big company will likely not be felt.

The case is different, however, for a small business which may rely signficantly on its cash flow for its day-to-day operations. For example, if you have just started a flower shop, the cash you receive from your customers will probably be the same money you'll spend for shipping and handling of orders, maintaining your workplace and other day-to-day expenses. If you are constantly having problems with AR issues, then it is probable that your daily operations will be compromised because your business, after all, relies on your cash flow to run itself. When there is a problem with this flow, then you can expect some days when you may start to wonder where you'll source the money to pay the courier service or even your assistant.

The larger businesses can opt to either have an in-house team that is dedicated to AR collection tasks, while others resort to AR financing, whereby the company outsources collection services to a business process outsourcing or BPO company. These are two options for businesses that can afford to pay an entire team of employees and extend benefits to them or to pay a BPO firm a fixed sum monthly for AR services.

For a small business, however, a businessman may be left to himself and one or two employees he can trust. The tasks need not be done manually anymore though, because accounts receivable software is now widely available in the market. This is a program that may be used to automate the task of managing accounts receivables. This allows a user to simply type a little and make some clicks in order to get his job done. With this software, it is much easier, both to pull up records of customers and keep track of the dates when payments have to be made and other information that will be vital to effective AR collections.

Article Source: http://EzineArticles.com/?expert=Greg_Pierce

Physical Inventory Management

In today's fast paced market, most companies are eager to grow their business, pursuing new avenues whenever possible. While this attitude is admirable, sometimes people neglect other aspects of their business when trying to move forward. One of the biggest areas that owners forget about is managing their physical inventory properly. Physical inventory, often called fixed assets, refers to items and equipment the company owns. There are many reasons why these items are important.

First of all, if physical inventory isn't managed well, then companies can have difficulties when tax time rolls around. The worst case scenario would be that the owner has to pay more in taxes than they intended. Another problem that can occur is that companies pay too much on their insurance premiums. Finally, businesses can have difficulty streamlining communication between different departments within the company.

Fortunately, there is one solution that can solve all of these problems. Purchasing a barcode inventory management system is the only way to address all of these issues at once. This system works by giving each fixed asset a unique barcode so that employees can scan the equipment or machinery. Each time an item receives maintenance or is bought or sold it gets scanned. This one simple step sends the updated information to the company's fixed asset management system. Plus, the same information gets sent to the maintenance department and the finance department.

Because all of the employees in these units do not communicate on a regular basis, it is necessary that they all receive the most current information for tax and maintenance purposes. Without this program the company could lose lots of money. For example, let's say the company sells an expensive machine but the record of the sale does not reach the fixed asset management system. If this happens, then the company will end up paying taxes on a piece of equipment they no longer possess.

However, if you have a system that manages physical inventory, then this situation would not happen. Furthermore, a barcode inventory management system allows companies to focus their time and energy on growing their business.

Article Source: http://EzineArticles.com/?expert=Jeffrey_Wendland

MLM Lead Generation to Dominate Your Multilevel Marketing Business!

Finding multilevel marketing leads that convert into new customers and distributors in your MLM can be challenging especially if you are trying to buy leads and cold call them. The truth is, there is a much more powerful way to leverage the power of the internet and network marketing. Creating your own multilevel marketing lead generation system is by far the most powerful way to build a large and thriving MLM today.

MLM lead generation systems are at their core very simple. They consist of landing pages, an email auto responder system, and then a marketing system of valuable content that you can strategically post around the internet, linking back to your landing pages, where people can become leads.

I am going to share with you some ideas on how you can drive traffic to your landing pages, where you can then follow-up, offer value, build relationships, and turn your multilevel marketing leads into new customers and distributors in your MLM organization.

With multilevel marketing lead generation you are able to attract an abundance of quality prospects to you via the internet.

Three tips for driving web traffic and finding quality leads include;

1. Quality Content. There are many different strategies you can implement, to drive traffic to your landing pages where interested people will become your leads. All effective strategies for creating quality traffic hinge around sharing highly valuable and relevant content that people are searching for. By offering value that your target market is interested in, you will be perceived as a leader and people will want to work with you, simple! You don't want to brand your company or the products you offer, you want to offer value that will people. This is the foundation for attraction marketing, and drawing people who are interested in your business, to you!

2. Social Networking. You can leverage social media to attract people who are interested in your business. Sites like Twitter, Facebook, Better Networker, and MySpace will allow you to create your own page (branding yourself as a leader), and connect and socialize with people who are in your target market. Social networks are a powerful relationship building tool, and definitely a great way to drive traffic to your landing pages creating multilevel marketing leads for your business.

3. Video Marketing is also a great way to attract people who are interested in what you are offering. Video sites like you tube get amazing traffic each day, and informative videos featuring you are great to add your personality to your branding and marketing efforts. In network marketing people want to work with people, and video marketing is a great way for you to build relationships online and position yourself as a leader who can help other people to become successful in network marketing.

With a lead generation system in place you can create an abundance of quality leads for your business every day, you can even do it on autopilot. There is however, a lot that goes into creating an effective lead generation system. Aligning with a proven system you can model will allow you to immediately begin taking the right actions towards unlimited leads, and growth in your business.

Article Source: http://EzineArticles.com/?expert=Melanie_Beckler

The Secrets to Multi Level Marketing's Success

The world has yet to recover from the worldwide financial crunch and financial turmoil of 2009. The United States is still in tatters and the government are unable to solve its problems yet.

Though it has been reported that the outlook for the new year that the private sector would add jobs every month but employment is not recovering at the pace that is expected.

The effect countries are not out of the woods but the worst are yet to come.

With that gloomy forecast those millions out of jobs will face a bleak year ahead. With no job, one has to find an alternative way to earn a living. Despite the hard knock in out turbulent times there is one business opportunity that can really stand the test of time is multilevel marketing.

There are many factors that make multilevel marketing such a success.

Among them is that the business opportunity is almost a "work-at-home" helps.

There is no giant company involved here. The only people who are running the show is the small people working at home which make it easier for the growth and sustainability of the home-run business.

As the name implies, multilevel marketing as a home business involve very little set-up capital outlay. While those big corporations are trying to reduce its operating costs to stay alive, it will never affect the home business enterprises because the whole business opportunity is a gathering of people in a network working in tandem promoting the company's products.

Multilevel marketing survives the difficult times because of the fact that the internet has helped bring visibility to the masses to bring the business virtually to anyone.

You do not need to have a university qualifications or any working experience to start a multilevel home business. If you can convince people to join your network you are all set to go.

9 Ways To Increase Website Conversion And Generate More MLM Leads

Many people in the network marketing industry still rely on working offline in their local and warm market or following old school business-building methods like purchasing MLM leads.

However, with all the buzz in recent years about attraction marketing and the desire to build a business in a quicker and easier manner, an increasing number of network marketers are looking for online ways to generate MLM leads.

In its simplest form, the technique to generate online leads is to put up a website or landing page, drive traffic to it, and get a percentage of visitors to opt in by leaving their contact information. Increasing web site traffic is a major topic in itself and is covered in a separate article. The other important part of lead generation is increasing the percentage of visitors who opt in once you get them to your site. This is called conversion.

Here are the 9 major strategies we teach our team members to increase conversion at their website or landing page. Successful conversion all starts with effective website design. You must design the website or landing page to do just one thing and do it well..get the maximum percentage of traffic to opt in.

1. Your page must have a clean design, be fast loading, easy to read, and deliver the information the visitor is expecting to see.

2. Do not include links pointing off to other pages. Avoid using flashing images and other distractions.

3. As in any marketing, you still must use compelling headlines and body copy. Face it, just getting a prospect to opt in is a form of selling!

4. Lead the prospect by the hand and make it clear what they need to do. For example, tell them to enter their first name and email address in the box below.

5. Make it clear what the prospect will get for opting in. People are increasingly reluctant to give out their personal information. Let them know you have what they are looking for.

6. Do not ask for any unnecessary information on the opt in form. The less information you request, the higher your conversion rate will usually be.

7. Include a bonus for opting in.

8. Maintain and display a clear No-spam policy.

9. Continually test different versions of your website or landing page. That is the only way to really know what delivers the best results.

Increasing the percentage of visitors who do opt in is just as important as increasing traffic to your website or landing page. Learn how to increase conversion on your website or landing page and you will generate more MLM leads.

Article Source: http://EzineArticles.com/?expert=Joe_Barclay

What to Do With Left Over Catalogs

It's about time for the Spring and Summer direct sales catalogs to be released. What do you do with your old Fall and Winter books if you have leftover catalogs? The easiest solution is to simply not have any leftovers. Work your business so that you are talking to people daily or at the very least, do a direct mailing to introduce new customers to your product offering.

Although, assuming you didn't do that and you find yourself with leftover catalogs, now what?

Still use them.

Leave them places such as public restrooms, grocery carts, on the bleacher when you get up from a sporting event, or lobby of a waiting room. I would not recommend personally handing someone an old catalog, that's just makes you unprofessional. Yet leaving them places would be acceptable, and here's why:

Leaving catalogs anonymously does not generate many calls or sales. It's better than throwing them in the trash yourself; but let's face it, odds are high it may still end up in the trash if you leave it somewhere. Nonetheless, there is a chance it could lead to something and it doesn't cost you anything, there is no risk involved, especially if it is an obsolete catalog.

If someone is interested, she will contact you. The prospect or customer will likely visit your website first and if there are new products now being offered, she will also see that on the website. If she should call, and want to order a product that is no longer available, you simply say, "Oh, you must have an older catalog; let me get you a current one."

Some direct sales gurus will suggest that you put a cutesy poem on the front of the catalog or at a minimum, a sticker stating it is an old book. I do not agree with this suggestion, and here's why:

Cost, time, return and image.

It will cost you money out of your profits to purchase and use labels and ink. It will also cost you valuable time printing and affixing the labels on the old catalogs - time that you should have invested last month working your business to get rid of them while they were still timely.

As mentioned above, there is very little return on scattering catalogs about town. To be effective, you really need the added element of personal interaction. Don't throw good money after bad. They're already old catalogs; you're merely hoping on the slim chance that you may pick up a new customer if you leave them in public vs. leave them in your trash can.

You may think you're being a helpful consultant placing a 'this is an old catalog' poem or notice on the book, but consider this: Rather than looking like you have your act together, it sends a message of "I haven't been working my business as I should have during the fall and winter - the busiest gift giving season for my business, even I couldn't sell during that time, so now I have all these left over books and even though I either ordered way too many or I just didn't talk to anyone about the fabulous product offerings I have, I'm hoping you'll see this cutsie poem, yes I know it makes me look cheap by telling you I have old books, but won't you please do me a favor and please, pretty please buy something from me because I'm not such a great sales consultant, or I wouldn't have to push my old catalogs on you."

Perhaps you've never really looked at it that way before. Direct sales is a great industry, but to be successful it requires juggling many tasks and working your business constantly, not sporadically. It requires to you work smarter, not harder. So forget placing little stickers on your old catalogs.

Just get leave them in places where someone may pick one up, and hope for the best. You now have six months of the current catalog to manage your inventory of books to ensure you're not left with extras in the fall.

Article Source: http://EzineArticles.com/?expert=Laurie_Ayers

The Advantages Of A Work From Home Business for 2011

As the world of technologies grows the company opportunities obtainable to us all grow together with it. The realm of function from house companies has turn out to be an everyday component of peoples lives. The factors for beginning or becoming a component of a personal company are plentiful, and so are the advantages. Numerous elements will influence the success of any company chance, but probably the most essential component is usually discovering the consumer.

In numerous methods working for your self and working at your personal residence will be the ideal job to have. If an individual can maintain on job and stay hungry for success, then every thing else is rather simple following that. Becoming able to relax in a familiar environment and having all of the advantages of becoming inside your own home makes the comfort factor immense.

The stresses of the workplace are all but a memory whenever you don't even need to begin your automobile within the morning. The hustle and grind of driving to function every day is gone. The weather won't dampen your day at all as you make your every day wage. The very best component isn't having anybody breathing down your neck as you're attempting to get issues carried out. A boss could be a actual burden, along with a fantastic source of tension for many people.

To create probably the most of any cash generating endeavor takes a wholesome quantity of personal drive. Becoming a self motivated individual is really a main key to discovering success and keeping it. The capability to maintain following a objective with tenacity and drive will result in growth and achievement in any type of company.

Whatever the benefits or disadvantages of any company, the 1 indisputable require for any business will be the require for customers. Individuals are the heart of great company. The much more individuals that an individual can reach with there item or service the much better within the game of generating cash. Becoming recognized and having a marketplace presence isn't as simple as some might believe.

Individuals flow on the web is recognized as visitors. When driving down the road we all hate to obtain stuck in heavy visitors, nevertheless when performing company on-line or on the street having heavy visitors indicates obtaining a great deal of clients searching at your wares. The much more views or hits on a web site the higher the chance to create a sale.

Regardless of what the job, generating cash will be the name of the game. To enhance the visitors flow in any type of company can need a bit of assist. This could be carried out by those that have the proper connections. For those of us who don't have the connections, looking the internet is really a great method to discover a visitors booster. It'll be worth just a little effort to obtain the end result of a effective house job.

Get some assistance in growing consumer awareness with any house company and begin reaping the rewards of obtaining your name within the game. The objective is reaching individuals and obtaining them to know what you need to provide. With applications and companies already set up to create your dreams a success it could be just a couple of button clicks away.

Make an impact by obtaining within the face of the consumer with advertising within the digital age. You might be losing cash correct now so don't delay your opportunity at generating a fortune from the comforts of house.

Everybody desires to have success in a MLM or a house based company. It could be challenging for numerous individuals.
Article Source: http://EzineArticles.com/?expert=Trevor_M_Heck

How a Compensation Plan in Network Marketing Can Make or Break Your Business Explained

All of us Network Marketers have the dream of becoming rich and powerful in some ways. The idea of not worrying about money and being able to do what we want when we want is what drives us. Every day you are bombarded with business opportunities and it is almost impossible to figure out which one is better than the other. My goal today is to help you figure this out in just few steps. There are 3 keys to your network marketing business that will decide whether or not you have a chance to be successful and today will focus on the compensation plan alone. In my opinion, probably the most important part of your business. Without the greater rewards financially, you will not make any real money. So how does a compensation plan in network marketing make or break or your business?

As my business partner says so well. "You must be compensated for your own direct sales efforts early on or you'll never be around later on to even see what residual income looks like."Usually, people don't ever even give it a second thought. The reality is that the promise of "Residual Income" is all but dead for today's Network Marketers. This may anger you. It was a hard pill to swallow for me as well. But if I didn't, I would not be here telling you about these embarrassing lies that people are telling.

The next part is critical here so pay attention. If your compensation plan does not have a "Direct Sales Component" and a "Residual Income Component" it is like going to a battle at war without a gun. It is what we call a "Dual Income" compensation Structure. Very simple, you get your money two ways. You get paid immediately for your work whether or not you decide to build a downline or not... And you get paid over time through residual income.

Stop and think about it for just a moment because this truly the most innovative, never revealed, undisclosed secret to making real money in Network Marketing in the New Economy, by far second to none. So in other words, you get paid first and you leverage your income later. Not bad!

The best entrepreneurs today always get paid first and leverage their income later and focus on the residual income after. It is called "Immediate Leverage Income" Hint, remember this term. Now remember, you have to have both, short and long term income. It is not a choice.

Still there... Great because we are moving on here...

The quote on quote Traditional Network Marketing will have you believe that residual income is the Holy Grail... Absolutely false and shame on you if you believe it. It is a figment of the imagination. I know you are probably having a problem swallowing this pill. Remember, I know the feeling because I was in your shoes but it is simple economics, simple as that.

Here's the issue... Less than 1% of Network Marketing compensation plan have the Dual Income element. Unfortunately, you read it right. Less than 1%.

The ones that did realize the critical importance of the Dual Income element and included it in their compensation plan are now the companies with reps. that experience the least amount of attrition (turnover) and its reps or not going from one opportunity to the next because they make money from day one.

Because they make money up front, the network marketer who uses a Dual Income compensation plan is not attached to building a team or a downline. They don't have to worry about Joe Smith in North Dakota who spent his last few hundred dollars to get started. I'll expand on this in a little but...

An entrepreneur can not make it on residual income alone. It is worth saying again... An entrepreneur can not make it on residual income alone. You will never hear this from them either.

Why? What would you do if they did? I would too... Almost every Network Marketing Plan is residual based only. A few do claim to have a commission up front but the numbers are ridiculous. A few hundred dollars may be, if you are lucky. Let's be serious here. We have done the research.

If you are reading this, I supposed you ultimate goal is to make a full time income and maybe even leave your job, right? I don't have to tell you that a few hundred dollars won't replace your current income. Especially with the cost of everything rising like we have never seen before.

Here's something else even more significant to think about... What about if you work your butt off for a year or so and you are by some miracle able to build a downline in an old school Network Marketing business that pays you a residual income of about $3,000 a month for the next 3 years. Over a period of 3 years that is $108,000. How big do you think your organization would have to be in order to make a $3,000 a month residual income in a traditional Network Marketing business model? 400 reps, 800, 1600?

I used the word miracle earlier because building a downline like I am talking about to create a $3,000 a month residual income virtually never happens anymore. The reasons are very simple. You will experience huge attrition like you would not believe and your check will be decrease drastically (You will not hear that from them either). But just for the sake of this example, we will keep that number, OK?

$3,000 a month for 3 years. Sounds pretty good but is it really the best course of action? Or would it be better to work with a Dual Income Network Marketing business model that pays you the $108,000 in the first 12 months without the need of residual income (which come later)? Kind of a silly question, right?

Here's why... An economy fact is that money is worth more in your pocket today and it will ever be in 3 years. What you can do now is use that $108,000 and invest it in real long-term residual assets like real estate, gold, silver or even dividend paying stocks.

To be completely honest, I would prefer to have $108,000 in real estate or gold than to draw off $3,000 monthly for 3 years... Even more today than before since my income can disappear in the blink of an eye if somebody in my upline decides to bounce to another company and take as many people as he/she can with them in the process or even worse, the company decides to changes its stinky compensation plan (Which by the way, it happens very often).

If you really want to have the feeling of getting residual income, do this. Go to the bank and deposit that $108,000 into a money market account and make arrangement to have the bank deposit $3,000 in your account every month. At least, you will never be in danger of losing your residual income.

No Vanishing downline or dropping sales to be concern with and at least you make interest on your money for a few years... You get the point. It is quite the reality check when you understand that your income is totally dependent of total strangers, individuals you never met...

You have no idea what is their long term plot. You have no idea if they have family problems, what they will do next but yet, your income is directly affected by what they decide to do and everybody between you and them... Remarkable isn't...

What is the point of waiting around for that insignificant $10-15 commission check every month when you don't know how long it may last. Get a year worth of that money in advance and learn to do some good with it outside the Network Marketing world.

In the end, money is worth a lot more in your wallet today than it will ever be next year. So Get Paid first and then invest your money intelligently like successful business owners do every time.

The key here for you to realize is this. The economics of Network Marketing have transformed forever. Network Marketing as it is will never be the same. The longer you refuse to acknowledge it, the longer you will be on the sideline not making money.

If you do not have a Dual Income compensation plan that rewards you first and allows you to stay in the game long enough to secure the benefits of residual income, you will most likely always spend more money then you will make. You will eventually push yourself out of business because you are operating at a loss.

It is not easy to say but the promise of residual income has all but disappeared.

There is the occasional 1 out of 10,000 exception but as an industry, the old school Network Marketing has become a real farce driven greed, build-up and the terror of loss where only the one individual with a lot of money can dependably get a decent amount of residual income.

Ultimately, this is why I wrote this article. It is critical for me to pass along this information to as many people as I can. I need you and everyone to understand the deceitful economics at risk here so you can change the path you are on before it is too late, just like I did and many other entrepreneurs did when you came across did info.

Article Source: http://EzineArticles.com/?expert=Ghyslain_Lefebvre

Network Marketing Is Having a Positive Impact on Individuals and the Economy As a Whole

Futurist have been projecting for years that we would become a society of privatization, not through psychic powers (although I can not speak for all of them), but through acute observation. Employment once governed and monopolized by big corporations, years ago gave way it majority to the small business owner, with self employment being the most recently growing sector. It is through self employment that many are building their own personal road to financial freedom. It is here where a Home Business Opportunity embraces individual power over ones own economic ambitions. The Home Business Opportunity field offers numerous types of opportunities that encourage and assist individual achievement toward rewarding self employment through entrepreneurship, but none with the same unlimited financial prospects as Network Marketing.

Network Marketing is a very real business structure created for the distribution of products through multiple levels of invited participants. The person of whom the invitation is accepted from is the sponsor. The sponsor is partly compensated for all activity within his or her group. Most direct sales organizations, if not all by now are utilizing this same form of multiple level compensation, because long term it creates financial freedom for those that exercise the appropriate work ethic.

In the early years Network Marketing was better known as Multi Level Marketing, because of the multiple level compensation plans that it included in addition to the retail sales revenue earnings. Direct sales organizations recognized that through the addition of multi level marketing they could recruit more representatives and sell even more product, while providing a better growth path to individual financial freedom.

Multi Level Marketing began in the United States in the 1950's and although the average person did not conceive that an avenue for financial freedom was so readily available to just about anyone, the Federal Government did, and the business model cleared the US congress by only eleven votes. MLM became hammered by bad press. Scam artist found readily easy methods to birth schemes that they would umbrella under the same name. Direct Sales organizations camouflaged it using creative titles allowing them to use the compensation method without scrutiny. The business model has however withstood the test of time, and with the advent of the internet became a hand that found its glove.

The industry today is still met with some degree of ignorance, but not enough to prevent its superior growth and its formidable creation of successful entrepreneurs. The economic impact it is having on individual lives, the sprouting of new product concepts and its internet driven distribution is one that should not be ignored. As a home business opportunity for those seeking to improve their financial lives, a properly selected venue in the Network Marketing industry is second to none.

Article Source: http://EzineArticles.com/?expert=Warren_Waite

Amway Distributor - Still a Viable Option?

Is being an Amway distributor still a viable way to earn a living? With over 50 years of being in business, there sometimes seems to be very few people in North America that haven't been pitched at least once by this company. Everyone has at least heard of Amway. Amway also uses a relatively outdated pay structure. With binary and forced matrix payment plans, there seems to be little incentive for the average person to join a prehistoric compensation plan. Amway makes it very hard for the beginner to make money immediately, where as newer plans can allow the average person to make money in their first few weeks. Amway also carries a full line of products, which is great in some respects but spending hundreds of dollars for a few points hardly makes sense.

So is there any positive to becoming an Amway distributor? You bet there is. You have a long standing company that is very financially stable. You can go to bed at night with no worries that you might wake up having to start at scratch. I have seen that happen to several network marketers. Also, you can claim to be a part of the company that has made more millionaires than any other. That can be huge leverage. Amway is also still growing in leaps and bounds in other countries, particularly people I talk to in the Ukraine tend to love this business. Lastly, counteracting a negative from earlier, you can buy everything from Amway. If your down line and you can really take advantage of redirecting your spending you can literally buy almost everything from yourself. This is a huge advantage if you can take advantage of it.

All things considered, I personally do not recommend becoming an Amway distributor for most people. If you have a strong ability to tap into its global capacity it becomes a much better business. The hardest thing about being in Amway is that most people can't earn checks quickly, and when they do it is usually a few dollars to start. Your down line must have long term vision to deal with the long build up to making money. With newer compensation plans the least motivated of my downline will at least earn a check within a few weeks. Yet you certainly can make Amway work with the right marketing system.

To fully take advantage of Amway you will want to tap into the international market. If you can find a way to take advantage of this you can explode your business, particularly in Australia, Ukraine and Japan. They love network marketing in these countries and take full advantage of the opportunities that most Americans tend to ignore. They are too busy living the American dream to realize that network marketing is the most viable option to the American dream, so keep that in mind. Any Amway distributor can take advantage of this trend through the internet though.

Article Source: http://EzineArticles.com/?expert=Matt_D_Voegtli

Beachbody Coaching Opportunity - Pyramid Scheme?

Pyramid schemes come and go in the network marketing industry. No matter what you think you know, these schemes are illegal, and Beachbody follows the rules with their Coaching Opportunity.

Here are four reasons why.

Reason #1 - The Whole 'Ground Floor' Thing

If Beachbody Coaching was a true pyramid scheme, the person that joined first would make A TON of money... With everyone that got involved after them making less. This just isn't the case. When you get started as a Beachbody Coach, you're effectively sitting in that powerful top position of your own organization.

Reason #2 - How You Get Paid

As a Beachbody Coach, you don't make money JUST for enrolling a new person. What you make money from is the initial AND future product purchases of that new Coach that you sign up.

It's commission-based payment from product volume. If you DID make money for the sign-up alone, it would fall into the 'money game' category, which again, would be illegal.

Reason #3 - Reputation & History of Beachbody

It all started for Beachbody way back in 1998, and it wasn't until 2007 that they came up with and unleashed their Coaching Opportunity.

Too many companies open up for business, and have a network marketing opportunity attached to it right away. The problem with that is you have no way of knowing how long the company you're joining up with is going to last.

The fact that Beachbody waited until they were ALREADY an amazing success before expanding into the network marketing industry is strong evidence that they are legitimate.

Reason #4 - Advertising

Beachbody currently spends somewhere around $120 Million EVERY year advertising their popular products through TV infomercials. Just ask yourself: If they weren't following the rules, would they be doing that? Would they still be around today if they were doing something fishy?

Article Source: http://EzineArticles.com/?expert=Jake_Dennert

Success Through a Network Marketing Home Business Opportunity Is Had Only by Those Who Do Not Quit

The monetary rewards that you can accomplish through a quality Network Marketing home business opportunity are almost endless. Some move on to achieve them in great abundance, while the vast majority of the newly breaded entrepreneurs that embrace a home business opportunity of their careful choosing will fail. The difference between those that actually succeed in accomplishing their goal of financial freedom in Network Marketing is that they do not quit, and they do not self sabotage their mission. This little tidbit of knowledge may be all it takes for you to win success through a Network Marketing home business opportunity.

Quitting comes in different forms. There are the obvious forms, such as logging into your back office and cancelling out your account, or having your account placed into a suspended status until it cancels itself, but it is the far less obvious forms that separate the winners from the might have been and could have been. It is the self sabotage method of quitting that accounts for high failure in the industry. If you can resist the compulsion to not self sabotage yourself, your chances of achieving success through a quality Network Marketing home business opportunity are favorable to say the least.

There is no greater breeder for success than success itself. Most of us that turn to Network Marketing (this writer included) were brought up in working class households without the privilege of witnessing success in a direct fashion. We know from the days of our youth that we want it, but have no first hand experience to look upon and duplicate. We are familiar with the habits that elevate individuals to middle class or even upper middle class employment levels, but not those that are the traits of successful entrepreneurship at the highest monetary reward. The difficulty with aspiring, becomes our own self sabotage. This can be the worst enemy of success for the reason that you are not conscious that we are doing it.

If you own an automobile and needed to take a trip to the store a half a mile away, changes are that your vehicle already has enough gas to take you there and back, but if you want to take a cross county drive, you will have to fill the tank several times before reaching your destination. Once you have decided that your destination is the less tangible objective of financial freedom you will need a vehicle to get you there. Network Marketing through a home business opportunity is a vehicle you drive to that destination. Desire, enthusiasm, and self motivation are the fuel that you must provide it. The road to financial freedom is a long one, and you will have to fill the mental tank several times before reaching your destination. There are the theoretical potholes, hills and sharp curves along the way. You might even breakdown a few times, and feel like turning back. Unlike the physical, these are mental emotions, and they sabotage success when acted upon, yet like the physical, if you stay the course your arrival is immanent. Reaching out across the internet does erase much, if not all of the close up and personal with your peers, as email and phone often replaces the in person dialogue, but you are never really traveling alone. The industry is all about people helping people in unified efforts. All are from different walks of life and geographic locations, but all have the same goals and aspirations.


We are entrepreneur representatives of Magic Power Global. We distribute a line of all natural herbal aphrodisiac products that is lead by our flagship product Magic Power Coffee. We welcome your careful review and your participation in the Magic Power Home Business Opportunity. Start up cost is minimum and the earning potentials are exceptional. Customers can purchase products directly form the Magic Power Online Store


Article Source: http://EzineArticles.com/?expert=Warren_Waite

Finding the Best Recession Proof Profits From Your Home

Nowadays, a large majority of individuals are looking and searching of an efficient and viable way to make money from home, in order to fight the recession. Now is actually the perfect time to be visualizing at setting yourself up and encouraging yourself to not allow anything like the recession affect you in the future. There is a small, but significant number of individuals that have selected to step up and contemplate this recession as an opportunity to develop their personal income source, which can genuinely be recession proof. Increasingly more individuals are creating their own home-based businesses, which usually require an affordable start up cost and a small budget, but can be extremely profitable.

If you choose wisely a home based business, it can allow you to recession proof profits from your home, to financially bloom and to provide you the flexibility that will allow you to spend more time at home with your beloved ones. The most crucial thing to remember when you are choosing a business of recession proof profits from your home is to follow your passion. If you offer valuable and versatile services or products, which others will desire and keep your expenses costs low, your business will flourish in a booming economy or in a recession.

The main step you should take for empowering your recession proof profits from your home is to start your business on the Internet. With lower or even in existent costs for opening the business, the Internet provides the most effervescent and ubiquitous platform. Nowadays, the online market has equalized the playing field for every worldwide entrepreneur. With a small budget and almost zero start-up capital required, any individual can get an internet business up and running in no time. In order to obtain online recession proof profits from your home you will need basic tools and resources, such as: a domain name and web hosting.

Another very effective pathway for recession proof profits from your home is to embrace a network marketing company. In general, Multilevel Marketing businesses offer the most agile and easiest way for every individual, prior experience or not, to attain into a business system that can be comfortably followed and merchandised. Network marketing also establishes and builds you a residual income, so you are not just making money from your own work, but also from the work of your downline.

Article Source: http://EzineArticles.com/?expert=Alexandra_A._Pierre

The Biggest Mistake That Home Based Business Entrepreneurs Make

What is the biggest mistake made by network marketing and home based business entrepreneurs today?

95% of home based businesses and network marketing businesses fail because we think that we exist to sell products. That's the problem. We are not in this business to sell product. We are not in business to sell vitamins, juices, or electricity (whatever your product may be). We are in not business to get people "in the business."

Here is a very short list of things that really do not matter much at all in your business: 1) It doesn't matter that your products are cheaper. 2) It doesn't matter that your products are better than the competitions' products. 3) It doesn't matter that you have a patent on your product. 4) It doesn't matter that your product is made from some strange and rare berry from the rainforest in South Africa!

The ONLY think that matters is that your products provide a viable solution to the consumer. That is necessary for your long-term success.

So, stop worrying about the features and benefits of your products. Stop talking about the price. And we definitely need to stop worrying about the competition! If there is no competition, that means there is no demand for your products or services. If there is no demand, then you are out of business. End of story.

Our business is marketing. If you want to win, then learn to market.

Here is what I mean. You could purchase 2000 gallons of the newest, best super juice that will cure every disease known to man. You can stand there and look at it in your garage, then go back inside to check your bank account online and find there is no change. You didn't make any money! Why?

Because, unless you know how to market that product to the right people, it will not earn you a dime. The money is not in the product. The money is in knowing how to market that product.

In reality, in this industry, your product is the marketing system that you use. Here are two things that you need to etch into your memory - together they will change the way you see your business, and maybe even change your life:

1. You sell a marketing system to distributors.

2. The marketing system sells your company's product.

McDonald's Restaurant is a perfect example. People simply don't eat there for the gourmet quality cuisine. The go instead because of the "predictable experience," the prices are low, and the food isn't bad.

Ray Kroc didn't sell hamburgers. He sold a moneymaking system in a brick and mortar box. That system turned beef into cash, and it did it consistently. Franchisers buy the system, and the system sells the product.

Therefore, our job is:

1. Market A SYSTEM to distributors that sells the company products.

2. Teach our distributors to be leaders and marketers so they can duplicate the process.

Don't fall into the trap that so many network marketers and home based business entrepreneurs fall into by making this huge mistake. The bottom line moral of this story is simple: Don't sell your product!

Article Source: http://EzineArticles.com/?expert=Jerry_Spangler

Top Tips For Search Engine Marketing

Search engines are a very important and critical role in the arena of affiliate marketing. Search engines hold the responsibility of introducing your website to the world. You will find that most of the traffic you receive to your website comes directly from the search engines. Lets say a person searches using Google. What the Google search engine does, is it begins indexing all pages on the Internet in complete reference to the persons key words used for that particular search, and then presents to the individual websites that match them key words. Pages that rank the highest normally come first. Keep in mind that most people will only click the websites that appear at the top of the Google search engines.

It is important that you realize that the higher your rank on the S.E.R.P., (search engine ranking page), the more traffic you will ultimately receive to your website. In today's day and time it seems that Google is one of the most sought after search engines that people use to search for relevant content to their search queries. You definitely want to use Google as your primary way of promoting your website. Affiliate marketing is one key to successfully getting your website to rank higher in the S.E.R.P., but in order for you to do this you need to know how the S.E.R.P. actually operates. You will want to choose your keywords very carefully as this is a very important role in getting more traffic to your website. People use a variety of key words and key phrases to search the Internet. Keep in mind that you want to use key words that other marketers are not fighting over. Google has a free keyword tool that will help you with finding the right keywords to use. To find that tool simply search free Google keyword tool.

Right now research tells us that most people find what they are looking for directly by using the search engines as opposed to other resources that may be out there. That means you probably want to put most of your time and effort in finding ways to promote your website to rank higher on the S.E.R.P. So how does the S.E.R.P. operate? The search engines use what we call bots to figure the ranking of a particular page on your website. Fact is websites that have relevant content to their carefully chosen keywords will rank the highest. Consider back links from authority sites to help you rank higher as well.Back links will allow people to find you from an authority site and when they click on your link it will cause your website to rank higher and higher every time. This is called affiliate marketing and as i said before is very critical to your overall success as an online entrepreneur. I will give you one example to prove to you that choosing your keywords carefully can have a huge impact on how you will rank on the S.E.R.P. Go to google and type in, free holiday cleaning in mesquite TX, there you will find that my company actually ranks the highest using these key words. How that worked for me will work for you just the same. I chose key words such as free cleaning, holiday cleaning, ext. Now i rank the highest. Once you have gotten passed the learning curve on how to use keywords and how to affiliate your self with other successful marketers you will your self become very successful. May all your dreams come true!
Article Source: http://EzineArticles.com/?expert=Michael_Dwayne_Miller