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Hub You - Home Based Business vs Online Business (Part 1)
Clients work with professionals whom they trust. Building trust is an ongoing process. Here are 10 ways to build trust with both old and new clients.1. Keep your agreements with your clients – If you promise delivery on a particular day, make sure to deliver when it was promised. Even something as small as the time you have scheduled an appointment is an agreement. Each time you break an agreement with a client, you break the trust.2. Create realistic client expectations – Help the client to understand exactly what
When compared to a traditional home based business, starting an online home based business is much faster. Once you have your website running, you are in business. You do not need to wait for the stationary or the office to get ready.
This does not mean that running an online home business is a piece of cake. You need to invest time to do proper research, as which type of online home based business is suitable for you. The internet is an extremely good resource for research.
In an online home based business you set your own timings and your website announ
There is nothing more stressful as going through an interview no matter what age you are. Even though you may have years of experience in your profession, or if you are a teenage on a look out of a summer job – the thought remains the same, how to answer interview questions. Well to some questions there are the obvious right and wrong answers. The questions that are determining the basic skill level needed for a particular job. It is well known that these are not the questions that determine who will get the job, as they only cove
Traditional Home Based Business
These include all kinds of small cottage industries that can be run with a few people usually family members. Professional services (e.g. photography, print & design, ladies accessories, maintenance & repair services, etc), network marketing (MLM) and food & bakery contribute to the majority of traditional home based business.
Some of these had go on to become local brands and they survive well with regular streams of customers. Therefore, a traditional home based business cannot be booted out for good.... at least not now or any near future. They serve a niche market of their own.
Although many traditional home based businesses have been successful, these ventures are quite risky to begin with. Here are some of their cons:
1) The delivery of a physical product or personal services can be very much limited by time and space.
2) Promotion and marketing of your product or services are also limited to a smaller local market.
3) When business is brisk, you struggle to meet production but when business is slow, you struggle to keep it going.
A traditional home based business require an office, you spend money on decorating that office, even if it is a home. You would require infrastructure like telephone, fax machine, printer and stationary supplies. A traditional home based business may take time to set up.
A point to remember, a traditional home based business requires higher recurring expense when compared to an online home based business.
With a traditional home based business, you need to think about hiring staff and worry about attrition. Then there is the fear of losing your traditional home based business to natural calamities like hurricanes, storms or floods. You would have keep inventory which could cause you losses.
All the above are points to ponder when you are thinking of starting a traditional home based business.
Online Home Based Business
When compared to a traditional home based business, starting an online home based business is much faster. Once you have your website running, you are in business. You do not need to wait for the stationary or the office to get ready.
This does not mean that running an online home business is a piece of cake. You need to invest time to do proper research, as which type of online home based business is suitable for you. The internet is an extremely good resource for research.
In an online home based business you set your own timings and your website announ
If you have a problem with your Hewlett Packard or IBM product in Singapore, simply take it to the Post Office and they will forward it to the repair center at no charge.When it’s repaired and ready to collect, the Post Office will return your machine to your home or office, or back to the Post Office location of your choice.You can even pay for repairs at the point of delivery if they’re not covered by the manufacturer’s guarantee.This is a good example of win–win partnership between technology companies and a government agen
Some of these had go on to become local brands and they survive well with regular streams of customers. Therefore, a traditional home based business cannot be booted out for good.... at least not now or any near future. They serve a niche market of their own.
Although many traditional home based businesses have been successful, these ventures are quite risky to begin with. Here are some of their cons:
1) The delivery of a physical product or personal services can be very much limited by time and space.
2) Promotion and marketing of your product or services are also limited to a smaller local market.
3) When business is brisk, you struggle to meet production but when business is slow, you struggle to keep it going.
A traditional home based business require an office, you spend money on decorating that office, even if it is a home. You would require infrastructure like telephone, fax machine, printer and stationary supplies. A traditional home based business may take time to set up.
A point to remember, a traditional home based business requires higher recurring expense when compared to an online home based business.
With a traditional home based business, you need to think about hiring staff and worry about attrition. Then there is the fear of losing your traditional home based business to natural calamities like hurricanes, storms or floods. You would have keep inventory which could cause you losses.
All the above are points to ponder when you are thinking of starting a traditional home based business.
Online Home Based Business
When compared to a traditional home based business, starting an online home based business is much faster. Once you have your website running, you are in business. You do not need to wait for the stationary or the office to get ready.
This does not mean that running an online home business is a piece of cake. You need to invest time to do proper research, as which type of online home based business is suitable for you. The internet is an extremely good resource for research.
In an online home based business you set your own timings and your website announ
Skilful business writing involves getting your message across simply and quickly. This often means writing in a style that is easily read and understood by a broad audience.Yet, writing simply is often difficult for most of us.Why? The answer lies in our school education. We learnt that if we used big words and complex sentences, we were more likely to get an ‘A’ by our English teacher or University lecturer. The education system taught us that people who use a broad range of vocabulary are more intelligent that the rest of us.re some of their cons:
1) The delivery of a physical product or personal services can be very much limited by time and space.
2) Promotion and marketing of your product or services are also limited to a smaller local market.
3) When business is brisk, you struggle to meet production but when business is slow, you struggle to keep it going.
A traditional home based business require an office, you spend money on decorating that office, even if it is a home. You would require infrastructure like telephone, fax machine, printer and stationary supplies. A traditional home based business may take time to set up.
A point to remember, a traditional home based business requires higher recurring expense when compared to an online home based business.
With a traditional home based business, you need to think about hiring staff and worry about attrition. Then there is the fear of losing your traditional home based business to natural calamities like hurricanes, storms or floods. You would have keep inventory which could cause you losses.
All the above are points to ponder when you are thinking of starting a traditional home based business.
Online Home Based Business
When compared to a traditional home based business, starting an online home based business is much faster. Once you have your website running, you are in business. You do not need to wait for the stationary or the office to get ready.
This does not mean that running an online home business is a piece of cake. You need to invest time to do proper research, as which type of online home based business is suitable for you. The internet is an extremely good resource for research.
In an online home based business you set your own timings and your website announ
Perhaps you're one of those people who think you do better off-the-cuff when it comes to your newsletter. Not for you are the schedules, the folder full of great ideas for upcoming issues, or even a regular template to follow.You're a *free spirit*, you say, creative, and unrestrained by the ordinary bounds of other folks.Hogwash!Let's say you've been called to give a presentation to 10,000 people. Every one of those people in the audience will be ready to hang on your every word, buy the products you promote, and rush
A point to remember, a traditional home based business requires higher recurring expense when compared to an online home based business.
With a traditional home based business, you need to think about hiring staff and worry about attrition. Then there is the fear of losing your traditional home based business to natural calamities like hurricanes, storms or floods. You would have keep inventory which could cause you losses.
All the above are points to ponder when you are thinking of starting a traditional home based business.
Online Home Based Business
When compared to a traditional home based business, starting an online home based business is much faster. Once you have your website running, you are in business. You do not need to wait for the stationary or the office to get ready.
This does not mean that running an online home business is a piece of cake. You need to invest time to do proper research, as which type of online home based business is suitable for you. The internet is an extremely good resource for research.
In an online home based business you set your own timings and your website announ
The odds are low that your Internal Revenue Service (IRS) tax return will actually be audited. As it is, it is virtually impossible for IRS to examine each and every tax return due to time and personnel constraints. Also, the greater your income, the more chances you have for being audited. After all, it doesn’t make financial sense for IRS to audit somebody’s tax return whose income is, say for example, $5000 per year. Still, nobody is immune from IRS audits and the last thing you want is to spend your time and energy in your audit. <
When compared to a traditional home based business, starting an online home based business is much faster. Once you have your website running, you are in business. You do not need to wait for the stationary or the office to get ready.
This does not mean that running an online home business is a piece of cake. You need to invest time to do proper research, as which type of online home based business is suitable for you. The internet is an extremely good resource for research.
In an online home based business you set your own timings and your website announces to world what are your products or services. You do not need to spend as much on advertising as you would do with a traditional home based business. The internet gives you an edge. You reach a much large audience across the globe. This is not possible with a traditional home based business where you end up catering to the immediate community. And once your online home based business is automated, it practically runs by itself.
Examples of Successful Online Businesses
eBay
eBay was one that did not go under when the dot com bubble burst. eBay transformed itself from a garage sale and flea market site into a genuine e-commerce site. Today, eBay has over 29 million registered users selling anything from antiques to jewelry. eBay is made online transaction safe and secure and it allows buyers and sellers to post their comments online. You can check these comments and then decide whether you want to do business with a person / company.
Amazon.com
Amazon.com treats it customers like extremely. It tracks the customers’ tastes so that using Amazon.com becomes a truly rewarding experience. It has outstanding customer service with special discount services on books. Amazon.com excels in one-to-one marketing making each customer feel special.
In the next part of this series, I will talk to you about some good online opportunities that are there just waiting for you to encash them!
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