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  1. ResidentialBusiness

    Advantages of Working from Home

    The issue of working from home is not a new phenomenon, but it has been evolving over the years in the sense that more and more fields of occupation are embracing the system. The aspect of working from home have been increasingly attracting more professionals such as writers, graphic designers, architects and structural engineers, software designers, consultants among others. The reason for this can be attributed to the lucrative advantages that this system of working offers in spite of few limitations. The system enables the employees to enjoy the flexibility of working at their convenience as long as they meet the expected results. Its flexibility enables the employees to balance between home and work activities. Flexibility is also in terms of setting your environment of working such as temperature, lighting, and mood. It enables one to have time with his or her family hence a healthy family relationship. It is because a parent is always available to their children in times of need. It also applies to elderly care where one does not need to take their elderly family members to an elderly commercial care since they will always be available for them. It also saves on costs as well (Tietze & Musson, 2010). To the employer, therefore, it is a less stressful environment that ensures a quieter environment. The system also gives the employer power to transcend geographical boundaries in recruiting employees. It, therefore, enables the employer to acquire top talent employees around the globe. It entails stealing employees from your competitors without necessarily having to increase their pay. The research survey conducted by Microsoft white paper acknowledges the advantages the working at home (Major et al, 2002). The system also heavily cuts down on the hidden resources that are normally wasted in the process of moving to and from the workplace. The resources that are saved are commuting time and gas in case one has an automobile. Other costs include parking charges, car wear and tear. In addition, expensive professional wardrobe, as well as dry cleaning of them, can be avoided since one can use cheap casual clothing while working at home. In cases where the workplace is far away from home, the process of commuting normally has a lot of hurdles that ranges from traffic jam at rush hours as well as accidents. It leads to a decrease in productivity because of the time wasted, and also the employees reach at the workplace when their mind is already exhausted due to the stressful conditions on the road (Troup & Rose, 2012). One can also have a stressful experience at the workplace by bumping into unfriendly coworkers. Working at home, therefore, enables one to evade these stressful environments and incidences. Besides, it is not healthy to commute for about three hours every day. Hence, the time that is saved from commuting gives room to do other physical exercises such as walking after or before walks or rather joining a local gym at home leading to a healthy life. Working at home also provides a quiet environment free from distractions like less important meetings and unnecessary interruptions from coworkers. Working at home enables one to avoid such disruptions. It also provides a friendly environment that makes one comfortable with no supervision from the supervisor every other second and consequently, the level of production increases (Akyeampong, 2007). In conclusion, working at home is the best approach and should be embraced by employers because it is not only beneficial to them too but to the workers too and this leads to increasing productivity. References Akyeampong, E. B. (2007). Working at home: an update. Perspectives on Labour and Income, 19(3), 17. Major, V. S., Klein, K. J., & Ehrhart, M. G. (2002). Work time, work interference with family, and psychological distress. Journal of applied psychology, 87(3), 427. Tietze, S., & Musson, G. (2010). Identity, identity work and the experience of working from home. Journal of Management Development, 29(2), 148-156. Troup, C., & Rose, J. (2012). Working from home: do formal or informal telework arrangements provide better work–family outcomes?. Community, Work & Family, 15(4), 471-486.
  2. In this business of direct sales/network marketing, many people invest an enormous amount of effort and time in bringing in a new business partner. But without setting the proper expectations and helping them get quick results (earn their ROI month one, achieve a company “fast start” bonus or goal, and get their first customer and partner), many new people leave this business before they even get started. When I started with my company, my mom and I were two of the first distributors. We didn’t have training materials, trainers, or systems at the time. We had to develop those systems–and learn how to set expectations. As a result, we are both earning 6-figures MONTHLY with our company. Last week’s blog post was on “systems” and how to get a new distributor started (I suggest you read it, as it compliments this post). This week I want to talk to you about setting expectations. Systems and setting expectations must go “hand in hand” when you are working with a new partner! Here’s a few things you must share with your new distributor to set realistic expectations as they enter into their partnership with you, and the company: NetWORK Marketing Is WORK In my professional opinion, we aren’t responsible for people’s success or failure (as this is independent business ownership)–but we are responsible to get them off to a great start. Let your new partner know that you will “match their efforts”–and be available for their prospecting calls, events, and “income producing activity”–but it’s up to them to take the initiative and work their prospect list, and incorporate prospecting into their daily lives. Teach them the sponsorship series (who to reach out to, language/ideas on how to reach out, what to invite them to next: a call with you or an event). Talk about activity goals (reach out to 3-5 people per day, and inviting them on a call with you–or to an event). Let them know you will partner with them from there in sharing the message, handling questions and objections, and asking them to join (on the products, in the business, or at the very least–you’ll ask them for referrals)! They bring the prospect to a call or meeting–you match their efforts from there in presenting and closing! This Is Not “Get Rich Quick” My very first check was under $50, and today I am earning a multiple six figure monthly income, but I’m here to tell you it didn’t happen overnight. Teach your team members to earn “right now” money with upfront bonuses and product sales. Remind them that they will make instant cash by selling our products, but to build a bigger paycheck, they’ll need to build a team of independent business owners who join you, and this takes time. As a general rule, it takes about 18-24 months to become really competent. You’ll get to know the basics, you’ll cover expenses, and you’ll still be learning. In most cases, it will take about 3-5 years of consistent effort to become a 6 -figure earner or above. It doesn’t mean you can’t make more than that in the short term, as many are. We just don’t to make promises as building a team, finding the right people to join you and the duplication process takes time. But all businesses take time to become highly successful. Develop a 3-5 year mindset: do not quit before then! Delay is Not Denial Not everyone is right for our business, and they won’t always see what you see. Remind your newbies: When people tell you “no”, don’t take this as personal rejection. I want you to learn to take the pressure off when you’re prospecting. Think of it this way—you are just sharing & inviting. I don’t want you to be emotionally connected to the outcome. Think of yourself like a waiter or a waitress pouring a cup of coffee. A server is not offended when you say “no” to the coffee. They keep offering it to everyone. Take all emotions out of this- and if people say no, keep pouring. Some people say no now, but may change their mind later. Ask them to try your products, and keep pouring. Sometimes your prospect just doesn’t have need of what you’re offering, or perhaps timing isn’t quite right. Sometimes no simply means I don’t know enough about what you’re offering. Other times it means “no, not right now”. They may decide to join you at a later time. Revisit them later. Daily Activity is Critical The last thing that I share with my new consultants is that activity matters the most. When I started I didn’t have training systems. What I did have mastered was a story and I told that story daily…my story, and the company’s story. I tell them that it doesn’t matter what the outcome is so much, but the goal is to share the story and get the message out. If it’s not for them, gain referrals. You can’t say the wrong thing to the right person who is interested in a business or your product! Teach them to reach out to 3-5 new people daily. Personal activity is the cure to what ails you in this business. If you talk to enough people over time, you will be successful! Remember: Systems are important (finding out their “why”, goal setting, working their list & teaching a “sponsorship sequence”, and helping with their live and virtual launches.) But if you’ve not set expectations, you’re setting yourself and your new partner for disappointment. Here’s the bottom line: 1) Set them up for success with getting started training/ “next steps”/ systems 2) Set expectations 3) Match effort Practice saying this with me: “I WILL MATCH YOUR EFFORT!: And continue to start the process with new people, regularly! Your wildest dream come true: you create a team full of independent, empowered entrepreneurs, who are building a ROCKIN business! That’s my wish for YOU!
  3. If you are starting your own direct sales business then you are going to put yourself out on the front line. You will need to dream up ideas that you think will work and start to get an understanding of how this type of business works. Door to door, telephone sales or even direct advertising are all considered to be direct sales because there are no intermediaries involved between your and your clients. You will need to do some research into important factors like location, competition, storage, shipping and advertisement. Doing your homework will pay off in the end, and make you more confident in what you know and what your going to do. Taking these initial first steps can often be the hardest for most people and sometimes don't even happen, so you are going to need to commit to this if you are serious about making it work. Businesses often fail within the first 6 months because of cash flow problems, miss-spending or lack or organization and focus. You should set your goals high and work towards them, even if your business is comparatively small compared to other local competition. One of your goals should be to make a profitable business. Careful planning and organization can help you achieve this. Looking at possible problems and working out strategies to solve them is one way to help you prepare.
  4. ResidentialBusiness

    Obtain EIN from IRS online

    Step 1: Determine Your Eligibility... You may apply for an EIN online if your principal business is located in the United States or U.S. Territories. The person applying online must have a valid Taxpayer Identification Number (SSN, ITIN, EIN). You are limited to one EIN per responsible party per day. Step 2: Understand the Online Application... You must complete this application in one session, as you will not be able to save and return at a later time. Your session will expire after 15 minutes of inactivity, and you will need to start over. Step 3: Submit Your Application... After all validations are done you will get your EIN immediately upon completion. You can then download, save, and print your EIN confirmation notice. Go to IRS website now (you will be redirected from this website).
  5. If you’re selling special products to a regulated industry (e.g., medical devices or holistic health care supplements), you’ll need to check with your state to see if you need to be licensed to provide those kinds of products or services. But generally, the sale of digital information, clothing, or handcrafted items (made in the USA) doesn't require a special business license. Rather, the business licensing required for an online retail business is not substantially different than that of a storefront business: You will want to form a business entity in your state. You will want to register with your state to collect and remit sales tax on any sales that you make in your state. If you will be holding substantial inventory, you will also want to check your lease or deed/zoning codes to see if there are any prohibitions on running a business like the one you’re contemplating out of your home. Also, make sure to invest in the appropriate business insurance covering your activities. Get a local business attorney and accountant on your team right away to put the right building blocks in place.