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A Home-Based Business Online
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Practical home business ideas, strategies
and resources for the work-from-home
entrepreneur
October 8
Sent to 6,140 subscribers
Editor: Elena Fawkner
Publisher: AHBBO Publishing
Contact By Email
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ATTENTION: You're receiving this ezine because you, or
someone using your email address, subscribed. There is no
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instructions in segment 8. below. Please note you CANNOT
be unsubscribed from AHBBO by replying to this email. The
AHBBO subscriber list is NOT made available to other
companies or individuals. I value every subscriber and respect
your privacy.
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IN THIS ISSUE
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1. Welcome and Update from Elena
2. Home-Based Business Idea of the Week - Candle Making
3. Feature Article - Planning Through the Life Cycle of
Your Business (Part IV)
4. Pro-motion Column
5. This Week's Subscriber Web Site Pick
6. Contest
7. Advertise in A Home-Based Business Online
8. Subscription Management
9. Caveat Emptor
10. Contact Information
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1. Welcome and Update from Elena
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Hello again, and a warm welcome to all the new subscribers
who have joined us since the last issue!
In this week's feature article, we continue with Part IV of the
series, "Planning Through the Life Cycle of Your Business",
this week looking at the Troubled Teens and Young
Adulthood. The first three parts are available by autoresponder
at ,
and, you guessed it,
.
The new AHBBO site is nearing completion and should be
ready for launch in another couple of weeks or so. Stay tuned!
And please, do yourself a favor and check out this week's
Subscriber Web Site Pick. It's an absolute stunner!
As always, thanks for reading and I hope you enjoy this
week's issue.
Remember, this ezine is for YOU! If you have comments
or suggestions for topics you would like to see addressed,
or would just like to share your experiences with other
subscribers, I want to hear from you! Please send comments,
questions and stories to Contact By Email
.
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2. Home-Based Business Idea of the Week - Candle Making
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I arrived home from work one night a few weeks ago to find
a flyer outside my door from another tenant in my apartment
complex inviting me to a candle party that Sunday night in
the third floor rec room. Having a spare couple of hours that
Sunday night, I wandered up to take a look and was
astounded by the range of products available.
There were candles of every imaginable color and design,
candles with fragrances that are released by the heat of the
flame, candles in the design of Jack o' Lanterns, beautiful
votives hanging from ornate metal frames and much more.
I got talking to the woman who designed all these candles and
she told me that she started out making candles on her
kitchen stove as a way of making money while she was home
caring for her young children. Word spread and over time she
began getting orders from people wanting her to design special
candles for their homes and people wanting to give them as
gifts, and, finally, she began receiving enquiries from retailers
looking for her to produce unique items for resale in their
stores.
Now she has a staff of three, and she focuses on candle
design and marketing her business while her staff (three
mothers of young children looking for a part-time home
income) do the manual work of creating the candles and
shipping them.
This woman earns more in a year from her candle making
business than she did in her full-time job before she quit to
have her family. And she doesn't have a website. Just
imagine what you could do with a business like this if you
did what she does AND promoted your products with a
well designed, high-traffic website. Imagine.
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There are many more ideas like this in AHBBO's Home
Business Ideas page at
and Online Business Ideas page at
with more being added
all the time.
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3. Feature Article - Planning Through the Life Cycle of
Your Business (Part IV)
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© 2013 Elena Fawkner
This is part four of a multi-part article on business planning
through the lifecycle of your business. In part one, we covered
the business life stages "Gleam in the Eye" and "Conception
and Birth". Part one was concerned with conceiving the initial
idea for a business and thinking through how to make it work
within the context of your own life; whether it would work for
you at all, in fact. In part two we tackled "Toddlerhood",
learning how to crawl, walk and run. Part three was devoted
to the "Terrible Two's", or crunch time. Just when exactly
is it time to make more room in your life to accommodate
your expanding business and should you? In this part, we're
tackling the "Troubled Teens" through "Young Adulthood"
periods.
In case you're just joining us, for the illustrative purposes of
this article series, your business is creating stained
glass lampshades, door panels and windows. The first three
parts of the article are available by autoresponder. Refer to
the end of this article for links.
TROUBLED TEENS
Well, if you're still with us for the Troubled Teens stage of your
business, you've survived the Terrible Twos and have made the
decision to commit your working life 100% to your business or
have made the strategic decision to keep it at more manageable
proportions because you weren't prepared to sacrifice another
area of your life. Either decision is perfectly legitimate.
Now that the Terrible Twos are behind us, we can look forward
to a (hopefully) relatively stable period of slow but steady
growth. Sure, there'll be setbacks along the way but you'll just
make your adjustments and go on.
At some point along the way, though, when things are pretty
much under control and you're feeling like you have some say
in how you run your own life again, you may begin to feel
restless and moody. You guessed it ... you've reached the
Troubled Teens.
Your business isn't quite the challenge it was before. You're
already spending as much time as you can on your business
so it's not simply a matter of working longer hours and working
harder to get the satisfaction you're missing. There just has
to
be more than this, you're thinking by this stage. If so, it's
altogether time to start working smarter so you can free yourself
up to move on to more challenging things.
The answer to this dilemma is to get outside help. At this
point you need an assistant. I dealt with this subject in detail
in a recent article entitled "Lightening the Load ... Getting Help
When You Need It". This article is available by autoresponder
at . In summary, though,
the steps are:
1. Deciding on Your Assistant
If you're running your business on a shoestring (and who
isn't?), you can't afford to pay someone a wage
in advance of generating additional income. So whoever you
choose needs to be someone who's prepared to work for a
percentage of the profits of the business rather than a wage.
For this reason, the person you choose will most likely be
close to you ... a family member, spouse or very close friend.
2. Compensating Your Assistant
Negotiate with your assistant on the proportion of profits he
or she will receive. This will depend on the types of tasks your
assistant performs, the time they invest and the overall
contribution they make to the growth (not just the maintenance)
of your business.
3. Consider the Tax Consequences
It matters whether your assistant is an employee or an independent
contractor. Talk to your accountant about the tax implications.
In a nutshell, be aware that if your assistant is an employee, you
will be responsible for deducting and remitting tax. If he or
she is
an independent contractor, the tax burden rests with them.
4. Convert Time Into Income
You have to convert the time you free up with the help of
your assistant into income and that means more income than
it's costing you to compensate your assistant. Otherwise
you're only breaking even at best.
5. Tasks to Delegate
This obviously depends on the business. In our stained
glass lampshade and window business example, if you're
marketing your work online, you can delegate a lot of your
online activities to your assistant and spend more of your time
on the actual craft of designing and creating stained glass
masterpieces.
What kinds of tasks, both online and offline, can you delegate?
Consider the following:
=> Organizing Home Parties
One way of generating new business is to hold parties in
the homes of hostesses who invite their friends and associates
over to see a showcase of your work. Delegate to your
assistant the solicitation of such parties.
=> Advertising Your Work
Delegate to your assistant the task of having your best
pieces professionally photographed for display on your
website and in print advertisements. Also delegate to your
assistant the task of negotiating advertising, both online
and offline. This is an extremely time-intensive part of
your business.
=> Processing Subscribe/Unsubscribe Requests
If you publish an ezine teaching others the finer points of
your craft, have your assistant process all the subscribe
and unsubscribe requests.
=> Processing Advertising Orders
Another routine task that can be delegated to your assistant
is the processing of advertising orders in your ezine or your
website.
=> Sending Your Ezine
Actually sending your ezine to your list is something that
you can delegate to your assistant.
=> Submitting Your Articles
Another routine task that your assistant can take care of is
your article submissions.
=> Submitting Your Ezine
Submitting your ezine to the various ezine announcement
services is another task you should delegate.
=> Web Site Updating
Depending on how computer-savvy your assistant is,
he or she may also be able to take on some simple web
site updating for you.
These are just a few of the more obvious examples. In short,
try and delegate all ancillary types of activities. In our
stained glass example, the idea is to free you up to focus on
what you do best -- your stained glass creations. By spending
the time you save thanks to your assistant wisely, you should
be able to direct your energies into much more productive
and satisfying avenues.
YOUNG ADULTHOOD
By the time you reach young adulthood, you've freed yourself
of the restlessness and distractions of the Troubled Teens.
No longer is your time frittered away on tasks that simply
don't contribute to the growth of your business. You're working
smarter, not harder, and the synergies you have created by
engaging an assistant mean that you're finally able to stand on
your own two feet. Your business is healthy and dynamic
and, so long as you maintain your focus, should continue to
grow by virtue of simple critical mass. Congratulations, you're
now a bona fide grown-up.
Enjoy this time while it lasts because it won't. Next week,
in the fifth and final instalment of this article series, we'll see
what happens when your business hits mid-life crisis and what
you can do about it.
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** Reprinting of this article is welcome! **
This article may be freely reproduced provided that: (1) you
use the autoresponder copy which contains a resource box;
and (2) you leave the resource box intact. To receive a copy
of this article by autoresponder, just send a blank email to
. If you missed the
first three parts, they're available by autoresponder at:
Part 1 -
Part 2 -
Part 3 -
.
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4. Pro-Motion - Answers for the Pro in Motion
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As mentioned last week, jl Scott's popular Pro-motion
column is no longer in ezine syndication. Instead, you
can read this week's column at the AHBBO website
at , right
under the iCOP™ seal!
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5. This Week's Subscriber Web Site Pick - FreePlants.com
and HomeMadeBooklets.com
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http://www.freeplants.com
http://homemadebooklets.com
Mike McGroarty writes:
"Dear Elena,
"In your newsletter you asked to hear about websites that are
created and owned by individuals. I have two sites that I've
designed and manage myself with MS Frontpage. One is
doing really well, while the other is new, but off to a good start.
"I've been online since Jan. 3 with my gardening site. I
sell thousands and thousands of dollars worth of information
products from the site, with sales as high as $500. a day at
times. Some days are zero, but right now my average for this
year is about $700. a week.
"My gardening site http://www.freeplants.com
is strictly about
gardening, and the backyard nursery business. We have a little
nursery in our backyard and I teach others how to do the same.
Our nursery earns several thousand dollars each year as well.
"I also have a new site http://www.homemadebooklets.com
with
a free newsletter, "How to Really Make Money at Home". At this
site I discuss how I sell thousands of dollars worth of info products
both online and via mail order. I help others learn how to create and
sell their own information products.
"Let me know what you think.
Mike McGroarty"
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OK Mike, I'll let you know what I think. Absolutely brilliant.
Everyone, if you don't follow a single other link in this ezine,
check these sites out.
See? It can be done! Here's an example of what I've been
preaching all these months. Find something you know about and
that you're passionate about and build your online business around
it. There's no need to reinvent the wheel. Your own natural
enthusiasm and passion will almost guarantee your success. I
don't care what your passion is. It could be worm-farming for
all I
care.
Notice those domain names too - freeplants.com and
homemadebooklets.com . Beautiful. Simple. Memorable.
Here's a man with a firm grasp of common sense, business sense
and real smarts. Never mind the gimmicks, never mind the flash
and the glitz. Just gimme the information I want and don't make
me jump through hoops to get it. Books, reports, videos, straight
to the point website. This is one business and one website that
just can't miss. I take my hat off to you Mike.
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If you want your site seen by thousands, write and tell me
about it! But make sure it's one you've created yourself
or have had created especially for you. No self-replicating affiliate
sites please.
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7. Advertise in A Home-Based Business Online
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A zero tolerance policy applies at AHBBO in relation to
undeliverable mail. This means that the recipient address
for emails returned "undeliverable" (including where the
recipient's mailbox is full) is automatically deleted from
the AHBBO subscriber database.
This policy has been introduced to more accurately reflect,
in the subscriber numbers, the number of eyes who will
actually see your ad. Because AHBBO classified ad rates
are calculated on a $CPM basis, this policy is intended to
maximize the return on your advertising dollar.
Current ad rates and placement details are at
. Choose from
sponsor ads, single ad placements, Ad Paks (4 ads for the
price of 3), Super Ad Paks (7 ads for the price of 5) and
exclusive mailings.
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Do you like this ezine? Recommend-It(r) to a Friend!
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8. Subscription Management
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Please note: email addresses for ALL returned mails are
automatically deleted from the AHBBO subscriber database.
If you have a free email account and want to continue
receiving this ezine, please make sure you clear out your
mailbox on a regular basis!
To SUBSCRIBE to this Newsletter
http://www.ahbbo.com/ezine.html
To UNSUBSCRIBE from this Newsletter
(Processing of unsubscriptions is automated. Please make
sure that your email is sent from the account you subscribed
with otherwise you will not be unsubscribed. If you've tried
to unsubscribe but keep receiving AHBBO, please make
sure you've tried to unsubscribe with the address you
subscribed with before contacting me.)
To CHANGE your Subscription Address
and in the body of the email tell me what your old address
was and what it needs to be changed to.
If you find this newsletter valuable, please forward it
in its entirety to your friends, family and associates!
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9. Caveat Emptor
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Although all of the information presented in AHBBO is
published in good faith, neither the publisher nor the
editor accept any responsibility as to the accuracy or
otherwise of the information presented. By making use of the
information contained in AHBBO the reader assumes all risk
that certain information may prove to be incorrect.
All advertisements are accepted in good faith. However,
advertisers are solely responsible for the content and
accuracy of their classified advertisements and no
warranties are given, nor responsibility accepted, by the
editor or the publisher in relation to any classified
advertisement appearing in this publication. ALWAYS carry
out your own due diligence!
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10. Contact Information
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Elena Fawkner, Editor
A Home-Based Business Online
Contact By Email
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