Business Opportunities Versus Employment: Which Is Right for You?

Business Opportunities Versus Employment: Which Is Right for You?

 

 

When it comes to making a living, there are two options: being in business for yourself or being employed by a company or an individual. Of these two options, there is considerable latitude in what is considered being in business for yourself, especially if you take advantage of business opportunities. Some business opportunities so closely mirror employment, that many people mistakenly believe them ‘jobs.’ But business opportunities are not in this category. To understand the difference, read on as this article will explain in detail how things work with business opportunities versus regular employment.

 

Household expenses concept

 

Firstly, most business opportunities will require a person to fill out 1099 versus a W-2, which is the tax form used for regular employment by companies. Both types will alert the IRS that you need to pay your taxes, but 1099 does not allow for deductions as a W-2 does. When you use 1099, you must pay for your taxes on your own. It is one of the significant disadvantages of working with business opportunities, especially if you make a lot of money. To try to avoid problems, make sure you keep a close record of all your business transactions. Also set aside 35 percent of your salary for taxes. You can put this in a savings account so you can accumulate interest. Hopefully, you will have enough write-offs that you’ll be able to pocket your savings once tax time comes.

 

Secondly, most business opportunities do not offer ‘guaranteed’ 9-to-5 employment, as most hire you as an independent contractor. It is the case whether you are working business opportunities at home or in an office. If you must fill out 1099, you are in business for yourself. Anyway, some business opportunities offer such a steady stream of work that you not being hired as an hourly employee is not a problem. However, many others have jobs now and then. In these cases, you will want to try several sets of business opportunities, so you can always have a steady stream of work to support yourself.

 

Work from Home

 

Lastly, business opportunities tend not to offer health insurance. Granted, nowadays many ‘regular’ employers also won’t offer health insurance but being able to get some form of health insurance seems to be more typical with full-time jobs. With most business opportunities, you will not get health insurance no matter how many hours you work. However, there are exceptions, but they are quite expensive exceptions. In these situations, all that has happened is that the company offering the business opportunity has struck up a ‘deal’ with an insurance company. You are still paying as if you had signed up for the insurance yourself without the aid of a company.

 

In conclusion, the main differences between business opportunities and regular employment are found in the areas of taxes, work structure, and health insurance. Indeed, these differences may make some conclude business opportunities are not for them. For others, it may not matter as much because the freedom offered through business opportunities outweigh the disadvantages.

 

We hope this information was beneficial. You can have anything you want if you are enthusiastic about putting in the time, effort and plans to get to your goals. Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips!

 

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3 things you should know before joining a MLM

This is the excerpt for your very first post.

3 things you should know before joining a MLM.

 

Why the Multi-Level (a.k.a Network) Marketing industry is becoming so popular. 

Multi-level marketing (MLM) or word of mouth marketing has been around since the early 60’s where someone would come to your home to sell you soaps, perfumes or health care products. These early companies were pioneers of this bold new industry, but like all good concepts, some people would use this model to scam and scheme people out of their hard earned money. Most noted the pyramid scheme.

 

What is a pyramid scheme? It’s where you would pay into a group or concept without getting any products or services in return, just the promises that by making this investment you would grow your investment and become rich. The Federal Trade Commission is the governing institution to protect the public from these practices. One way to protect yourself for this practice is ask 3 questions.

  • What is the product or service offered?
  • Can a person joining this program exceed the sponsor in position and/or income with ample effort?
  • Where is most of the money made coming from membership or product?

 Having a poor understanding of how the industry truly works is one of the biggest issues. Many people come into a MLM organization with a lottery or sales mentality and they attempt to sell their great products and/or services to all of their friends and family. The problem with this approach is that your friends and family may not want what you have to show them. They may even run away or distance themselves from you for a period. They don’t understand the benefits of what you are offering or just don’t have a need for the product or service. The rejection that comes from this way of doing the business causes a person to throw in the towel prematurely and not get what they were expecting from the venture.

Why The MLM (a.k.a Network) Industry Is Becoming So Popular?

1)     Best Kept Secret Savings Club

2)     Big Business (corporations)

3)     Freedom and tax benefits

 

Best Kept Secret Savings Club

Everyone loves to get a bargain from the local stores that are close to where we live. We will clip coupons in the newspaper or shop for deals online. Yet people will pass up group discounts that MLM has to offer and in most cases superior quality. Most MLM Companies offer the deepest discounts due to greater buying power.

 

Big Business

Major corporations are changing the process of introducing their products and services to the public. Companies realize that word of mouth is still the least expensive and fastest method of advertising their products and services. They have also have discovered that customers acquired in this method are more loyal to the brand.

 

Freedom And Tax Benefits

Most people are programmed to believe in the 40/40/40 plan. You work for 40 hours a week, hopefully for 40 years to receive 40% of your base pay when it’s time to retire. Which is about what you made in your 20’s. While you are working each and everyday building someone else’s dream, who is building your dreams? You have see evidence of this growing problem when you are greeted by an elderly person when a teenager should be conduct that job.

 

Discover the secrets that you may not know about the tax benefits you desire. Learn why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips! In closing I invite you to share your commits on this and all the posts. Like us on Facebook and Google Plus. Remember to open your mind and Shift 4 Freedom.

5 Qualities For Affiliate Marketing

5 Qualities For Affiliate Marketing

 

More and more people these days are turning to one of the most popular businesses around – the business of affiliate marketing. In this business, there are no bosses, deadlines to meet, or piles of work that have to be finished by the end of the day.  In order to succeed, you only need the necessary tools.

There are basically five things you can’t do without if you want to make it in the business of affiliate marketing.  Below, you’ll find each quality you’ll need.

  1. Desire to learn – The first quality you must possess is the desire to learn, coupled with the willingness to be trained.  Treading through unfamiliar territory is tough indeed, especially if your lacking the right knowledge. This is a combination of the right frame of mind, coupled with a strong work ethic. When starting out, you’ll need to be willing to keep your eyes and ears open, using the experience of others to learn more as you go.
  1. Invest time and effort – The second quality you must have is the willingness to invest time and effort in helping your business grow, even if you don’t see immediate results.  Even though weeks may pass without hearing good news, it’s very important for anyone who wants to get their foot in the business world. The tax benefits are worth the invested time and effort.
  1. Determination – The third quality you’ll need is determination.  If you want to make it in the world of affiliate marketing, you must possess too push yourself forward.  The ability to push yourself to greater heights will determine what type of future you have.
  1. Discipline – The fourth quality is self-discipline.  If you teach yourself to work every day with all of your heart and soul, you’ll be that much closer to reaching your goals and making your dreams come true.

 

  1. Optimism – The last quality you must have is optimism.  Bad attitudes should never discourage an affiliate marketer from pursuing their dreams in order to make life better for themselves or anyone around them.

 

The attitude you have towards the business should always be good, because you’ll have to realize that you’re the captain of your ship and you’re the one steering it towards destiny.

If you put the above tips to good use, you’ll go farther than you ever thought possible in the world of affiliate marketing.  You’ll need these qualities to succeed, as affiliate marketing can be a cutting edge career.  With the above qualities, you’ll do just fine in the industry.

To learn more about the industry, Click Here to view an extraordinary video!

Amazing Technology and Your Online Marketing Strategy

Amazing Technology and Your Online Marketing Strategy

 

If your online marketing strategy isn’t working, then you might need to introduce some technology to your website.  If your current marketing promotions are going well, then you might be able to improve them even more with some added technology.  Fancy bells and whistles on a website just for fun aren’t the type of technology that will help you increase sales and grow your business.  But technology designed to do some very specific things can make quite a difference.

 

If you sell products, there are some website enhancements you’ll want to consider in your online marketing strategy. Of course, you must have clear pictures of your products, with more than one picture per product, ideally. You’ll want the customer to be able to click the picture and enlarge it to see the product even more clearly.  There’s no real technology involved with that.  But to give the customer the closest experience possible to actually being able to pick up and examine the product, look into the software that allows you to show 3D images on your website.  The customer can click on the image or on a slider bar and drag to turn the image completely around so they can get a better feel for the object. This online marketing strategy is becoming more popular as companies realize how effective it is.

 

You could also look into the software that allows a customer to hold the mouse pointer over an image and zoom into it.  This usually also allows the customer to move the mouse and see various parts of the object incredibly up close.  Remember in your online marketing strategy that everything you do to bring the customer closer to the item they want to purchase will increase the likelihood of a sale. You’ll also want to ensure that your shopping cart and checkout system is as absolutely simple and easy as you can make it.  Any slight hang-up, delay or problem is just one more reason for the customer not to buy from you.

home-based-business-opportunity-success-finally

If you don’t sell products but services or information instead, don’t discount the addition of pictures to your website.  Screen shots are particularly helpful when selling software, for instance.  While adding pictures doesn’t require much technology, you’ll want to give your website more appeal by adding sound and video. When you’re selling a service, for instance, a video of someone explaining the service in a friendly, casual tone can go a long way toward giving a customer a positive impression.  Even audio clips the customer can listen to that break down concepts into simple steps can be an important part of your online marketing strategy.

 

Video that shows screenshots and still shots as well as a person speaking or demonstrating something can be particularly effective.  Get the software necessary to make these recording.  Don’t forget how annoying it can be to have something suddenly start playing, though, so give the customer the option.  Then add them to your website as part of your technology online marketing strategy.