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3 Essential Elements of a Viable Network Marketing Business

Many people nowadays are looking at network marketing as a business choice. It has been established that it is increasingly becoming common to see successes in this line of business, many thanks to the advent of relatively affordable broadband internet services, which has really brought the world to us.

Amongst the more favourable facets of the network marketing industry is the cost of entry that is relatively low. When compared to other start-up alternatives, this platform, most of the time, needs little capital involvement. You also get a great deal of support a lot of the time. You do not require any formal qualifications to get started, and you do not have to wait for too long to start earning money. Most of the time, you start making money within a couple of weeks, depending on how quickly you are able to sell your network’s products or enrol marketers into the program.

Statistics have also shown that the products and services being sold through network marketing business style tend to have better quality when compared to others as the survival of the business entity depends very much on the referrals it receives.

As there are many choices of companies to pick from, it is easy to get confused and make a mistake despite the benefits listed above. Therefore, you have to take your time to really look at as many opportunities as possible prior to making your choice. Keep in mind, you are seeking a business opportunity that will continuously bring you recurring revenue for the rest of your life. So, you have to be careful you don’t get it wrong right from the start.

Deciding on what you are going to devote to this endeavour, how much time are you going to commit, what resources are available to guarantee some level of success, who are your clients.

All these should be addressed a sincerely without reservations. After gaining some insight into these areas then you can take the following step in deciding what’s suitable.

Below are other essential questions to ask when selecting a home-based business opportunity.

1. What Kind of Assistance is Available?

Does the opportunity you’re taking into consideration have sufficient assistance and training to assist you through start-up? Depending upon your personality and previous experience, you may simply need fundamental training, or more personal assistance. If the business opportunity is through an already established business, do a substantial inquiry into the degree of help they offer. Your customers or downlines, as the case may be, aren’t getting the assistance they require if you cannot get assistance when you require it, which spells trouble for you.

2. What Type of Compensation is Available?

Are you searching for quick financial benefits, or are you ready to wait a bit to see results? If your home-based business opportunity is through an established company, check whether they have a rewards plan for their customers. If the opportunity is more self-driven, can you set practical objectives with this business opportunity that …

Pros and Cons of Critical Ilness Insurance Coverage

Critical illness insurance is a relatively new type of policy that is frequently misunderstood. Today, we will clarify what it is, and what it covers.

How Does Critical Illness Insurance Work?

Critical illness is similar to term life insurance, except it is paid out when you are diagnosed with an illness covered by the policy, rather than being paid out upon death. However, some people confuse this type of insurance with disability insurance, which substitutes your income if you become disabled.

Illness insurance, like term life insurance, is paid in a lump sum, should you be diagnosed with a pre-defined disease such as cancer. You decide how this amount will be spent – some people put it into additional medical treatment (especially if there are some treatment methods that are not covered by provincial healthcare), others decide to take time off work to spend with family, or to travel.

As with many insurance products, this type of insurance plan comes with an extensive insurance quote, application and underwriting process that the insurer analyzes before you can get a policy; and as with any insurance policy, a critical illness policy comes with both pros and cons.

Let’s take a closer look at the pros and cons of this type of insurance.

Pros of Critical Illness Insurance

There are several positive aspects:

  1. Funds that can help where needed: The lump sum you receive if you are diagnosed with a critical illness will allow you to get better treatment and, hopefully, fully recovery in some cases. You can also spend these funds on other needs or projects (such as travel or taking items off your bucket list).
  2. Protection for your own business: If you have your own business, you might need to work part time, after being diagnosed with a critical illness (reduced work hours are common when extensive medical treatment is required). It closes the financial gap created by your reduced hours at your company. With the funds, you could hire somebody to help out with your business.
  3. Stackable protection: Unlike disability insurance, critical illness coverage is “stackable”. With disability insurance, coverage is limited because it is based on your income, and you cannot go over that limit even if you have several disability policies. You can, though, have several policies with varying coverage amounts of different diseases. If you have, for example, two policies with benefits of $250,000 and $300,000, you can get a $550,000 payout when you make a claim.

Cons of Critical Illness Insurance

  1. Expensive: This type of insurance policy is not cheap. As an example, a Term 10 insurance policy with $500,000 coverage (Term 10 means a policy that covers you for 10 years) for a 35-year old non-smoking male without any pre-conditions costs around $180/ month (exemplary quote) whereas a Term 10 life insurance policy with coverage of $1,000,000 for the same person costs around $50.
  2. Definitions matter: If a diagnosed disease, such as a heart attack, is not aligned with the definition of this illness in

Today's Business Solution – Mobile Phones

Mobile phones have turn into a vital feature of our busy life; One almost notes incomplete devoid of a handset at present. The newest trend in the ground of communication, mobile phones has grown to be the most necessary means of communication.

Such multimedia phones let you benefit from all the comfort zones in a solo gadget. Additional to the instant access they bestow us; Handsets can be fundamental, expedient and cost-effective for populace who would like to hang on connected all the time. With cellular telephony becoming inevitability, manufacturers are launching all kinds of most modern high-tech handset with never before seen features full to capacity in remarkably slim and fashionable devices, putting the planet in your pocket.

Whether you are looking for basic mobiles or advanced multimedia devices, you will find a phone for yourself. These single devices execute a range of functions, eliminating the need for carrying diversity stand alone tools. Your mobile is now your music system, gaming device, digital camera, notebook and many more. Such multimedia Mobile Phones supply to the requirement of each and every class of natives. Grab your special moments with the high resolution mega-pixel camera and distribute them with friends via continuing Bluetooth wireless tools, with the MP3 player, play your preferred tracks with splendid sound quality.

Coming up with wonderful designs, colors, styles and functions, these hot handsets are built-in with high-end features such as video calling, high pixel-resolution cameras, MP3 music player, web browsing potential and Bluetooth connectivity. The latest phones make certain that you get wonderful multimedia features. These exclusive devices permit you to get pleasure from amusement, capture and share pictures and videos, access information, at anytime and anywhere you warn for.

Now you have a handset with features ranging from camera, music, web browsing, games, to your business solutions. So if you are looking onward to purchase the latest mobile in the marketplace, just keep an eye on the online mobile phone market to keep yourself well-run with the newest handset releases. Choose a mobile phone deal like contract mobile phones, Cheap Phones, etc. And acquire the most up-to-date technology in your hand. …

Pros and Cons of Owning Your Own Independent Insurance Agency

There is always a lot of pride in owning your own company, but there is also a great deal of responsibility, work and hassle. Here’s how to tell if owning an insurance agency might have enough benefits for you to outweigh the liabilities.

Every employee has had the experience of looking at their boss and/or the owner of their company and thinking “I could do this so much better than you.” If you find yourself thinking this too often, you may soon find yourself looking into actually starting a business. And if you’ve got experience working in the insurance or financial products industries, as so many people do, then you are probably considering starting your own insurance agency.

Let’s start off with some clarifications. Any small business is either going to be an independent insurance agency (which sells policies from a number of major insurance companies) or a “captive” agency, which sells policies from just one company. To actually start providing people insurance requires something called a “corporate insurance license”, and they can cost $50,000 or more to buy. To actually be able to originate insurance policies requires over a million dollars of capital, just to start, so what most small business people want is to sell insurance, not create the policies themselves.

To sell insurance you will have to be licensed in your state for the kinds of policies you want to sell. There are three major kinds of insurance policies: health, liability, and life insurance. Many insurance licenses also let you sell financial products. Because insurance is so much of a financial product there’s a lot of overlap both in services and licensing.

The pros of having your own shop are that you get to choose which hours you work — but only to a certain extent, because you have to be on the job enough to stay in business. You get to decide how long and when you will take vacations — but again, only to a certain extent, because you have to make sure your business can stay afloat while you are gone. Another major pro is that if the business is successful, you will be the owner and will have a valuable asset that can generate income for years to come. Also, as the owner, you get to decide when and how to hire and fire people. If you are brave, you can even decide which clients and customers you want to fire.

While to pros sound great, here are the cons: you will probably work more than 60 hours a week the first years. If your agency is not successful in the first year or so (and many aren’t) you may end up not paying yourself a wage at all in order to be able to balance the books. Also, until your agency can afford to hire people for different jobs, you will be wearing a lot of different hats — accountant, computer guru, secretary, marketing manager, printer fixer, and many, many more. You …

9 Things That Hinder Business Growth

Have you ever wondered why some small businesses take off and grow very rapidly and others stay the same for years and years?

Small business growth takes strategy and strong leadership. Some new business owners achieve a certain level of success, sit back and fail to do what is necessary to grow the business.

9 Things That Hinder Small Business Growth

1. Lack of Vision

All businesses need a written vision statement to help direct their planning and decision making. If there is no clear vision, a business can waver with no specific direction. Lack of vision is detrimental to any organization. How can you plan, or have a business strategy without knowing where you want to go?

2. No Strategic Plan

Every organization needs strategy and should have a strategic plan to map out steps to achieving the strategy. The strategic planning process helps to keep an organization’s vision fresh and moving forward. Strategic plans need to be updated every few years as the market, environment and focus changes.

3. No Written Goals

Not having SMART Goals, and accountability for achieving those goals, is a sure way to impede the growth of an organization. Goals are what make a strategic plan happen. Not writing goals, and having a structured performance management process to achieve those goals, is an invitation for business failure.

4. No Desire to Grow

Believe it or not some businesses don’t have a desire to grow. With growth comes growing pains and sometimes business owners aren’t comfortable making the necessary changes for growth. Hiring the first employees and dealing with human resource management issues is an example of a growing pain. Other areas of growing pains are delegating and trusting others to do things the way you would do them. Growth requires a commitment from the top of the organization.

5. Not in Tune with Customer Needs

This is where many organizations get stuck. The world is changing at such a fast pace that unless an organization understands customer expectations and puts systems in place to take care of their customers, competitors will do it for them. Ensuring good customer service is critical to long term success. The fact is, customers pay the bills and employee salaries so you’d better find out what they want and give it to them!

6. Failing to Reinvest Back In the Business

When a business is just starting out it is sometimes difficult to reinvest back into the business, but not doing so can affect business growth. Keeping up with changing technology and updating facilities are examples of areas that can consume considerable resources but are important to meeting customer expectations. Clean, updated facilities can have an impact on customer perceptions and customer loyalty.

7. Failing to Delegate

As a small business grows, it becomes more and more important to learn the art of delegation. It is important for business owners to develop employees, delegate and trust others to complete tasks. Small business owners can quickly get overwhelmed with trying …

How to Promote A Christian T-Shirt Business – Effective and Low Cost Marketing Tips

Quite a lot of people today are turning towards Christian businesses since these are highly targeted niches that receive much success. Starting a Christian t-shirt store online can be a great way to earn additional income. However, you do not really have to spend a lot for marketing your business. If you learn how to promote a Christian t-shirt business at low cost, it is quite possible for you to enjoy good revenues. The marketing tips that have been discussed here will provide you several helpful ideas to start with.

How to Promote A Christian t-shirt Business

• One of the best ways to promote this type of business is to get an article or an advertisement published in your local Christian newsletter or church newsletter. If your local church has a website you can also get your company promoted there so that you would be able to target a huge amount of audience. Provide a few good pictures of your t-shirts along with effective text.

• One of the best, free and the most effective way to market your business is by wearing your t-shirts yourself. If your t-shirts are unique you would certainly be generating a lot of inquiries from everyone. Hand out a few t-shirts to your family and friends so that they can wear them and advertise your business for you without hanging out any money at all.

• If you are wondering how to promote a Christian t-shirt business online then you should know that article marketing is one of the most effective marketing methods. Write articles and get them published on various article directories for free. Include a link to your website and you would be generating a lot of traffic in very less time.

• Join a few online forums for Christians and talk to others. Ask questions, leave comments on the profiles of others and answer questions regularly. Ensure that you leave your signature and a link to your website.

• Create attractive, interesting videos and post them on YouTube. This is one of the best and the most effective ways to market a t-shirt business online. Creating videos is not really difficult. If you make it personal your videos would generate even more interest and would be very effective.

• Offer good discounts and attractive schemes on a regular basis to your customers so that they would be able to take the benefit and save money.

These were only a few good and low cost methods in which you can save money while promoting your business. If you learn how to promote a Christian t-shirt business, you would be able to generate more revenues over time. …

How To Start A Storage Shed Business – A Quick Guide

Believe it or not, you are ahead of over 90{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of the population simply by your decision to start your own business. Whatever the reasons, it is important that you start right. In this guide I will show you the steps to take to start a storage shed business.

Getting started can begin with simply saying, “I’m starting a storage shed business.”. Now you need to create a business plan to follow. Without a plan you won’t have any sense of direction and before long you won’t know where to go or what to do next. Most new businesses fail within the first two years simply because they didn’t have a written business plan.

Business Plan;

Step 1. Name your new business. Don’t too clever here. Keep it simple and to the point. You want people to know what you do simply by reading your company name.

Step 2. Separate yourself, financially from the business. This involves separate business checking accounts and lines of credit and credit cards. You may want to talk with an attorney about incorporating your business or creating an LP, or LLC. The last thing you want is to lose your home and personal belongings due to a legal matter with a supplier or customer.

Step 3. At this point, you need to decide where you will get the sheds that you plan to install.

A. You can buy a franchise from a storage building manufacturer. This takes a large chunk of money up front, but they will supply you with everything you need to market and sell their pre-built storage buildings and barns. The company will probably require you to have a vacant lot on which to display their models.

B. You can go to your local home improvement center and arrange with the store to install the sheds that their customers buy. This is easy and doesn’t require any selling on your part. But you are stuck with waiting for the store to call you with work.

C. You can buy the materials and, using customizable storage shed plans, build the exact storage sheds your customers want. This will take more time, of course, but will give you the most satisfaction when the job is done. Also it gives you complete control over your new business.

I hope this answers your questions about how to start a storage shed business. Just remember, before you ever start building and selling storage sheds, you need to have a business plan.…

The 7 P’s of Business Phone Etiquette

Etiquette is in essence about proper conduct and presenting yourself favourably. Demonstrating good etiquette is important if one seeks to be successful. An area in which this is essential is the business phone call.

Millions of business phone calls are made every hour and day. Business people that interact solely over the phone yet never meet still form strong opinions of one another. Practising good business phone etiquette helps encourage clear lines of communication, build rapport and avoid misunderstandings.

Most of us can recollect a phone call that left us feeling frustrated or irritated. How much of this could have been attributed to poor phone etiquette? Here we explore a few simple examples of areas within business phone etiquette that should be employed when making or receiving calls.

All successful business interaction needs preparation. The phone call is no exception. It is important to know who you are calling, the most convenient time to do so, the reason for your call and what you can do for them. Be structured, short and sharp.

If the caller is not known to the receiver it is important that the purpose of the call and the caller’s credentials are established immediately. A simple introduction followed by a sentence or two not only shows good phone etiquette but allows the receiver to set the forthcoming information within a context.

Particularise your intention behind the call. Do not assume the receiver understands why you are calling them and what you expect of them. Expand upon information and specify the purpose of the call.

Pass on information that the receiver will understand, appreciate and find useful. Waffling and speaking generically will lose attention and generally reflect poorly on the caller.

Good business phone etiquette demands professionalism at all times. When speaking to someone you do not know avoid informal speech or personal questions. Once a relationship has been built it is considered polite to enquire about weekends, children or other non-sensitive personal matters.

Privacy and security around furtive issues must always be borne in mind on the phone. If it is imperative that sensitive discussions take place over the phone, business etiquette requires that you confirm with the receiver whether this is appropriate.

Be patient. Demonstrating good business etiquette relies on your staying calm, cool and collected under pressure or when facing a testing situation. Your ability to stay patient earns respect and avoids rash actions or decisions.

Although there is much more to business phone etiquette than the above 7 P’s you will find they can go a long way in contributing to an improved understanding of how to use the phone effectively in the business world.…

Top 10 Reasons Why Small Businesses Should Hire an SEO Firm

SEO is the acronym for Search Engine Optimization, and it includes all the strategies and techniques that will lead a certain website to a higher rank and a better position in the search results of a certain search engine. Nowadays, SEO and marketing are inseparable concepts. This means that you need it in order to make your business more profitable and successful.

This is the time when, no matter the field of your business, you certainly have a pretty strong competition there. In these conditions, many business owners are happy to just keep their head above the water, but this is definitely not the key to success.

The question is how can you make noticeable progress and be successful if you have a small business? We will offer you an answer that has already been tested by a multitude of small businesses: hire an SEO agency.

1. SEO is not a piece of cake

After you read a few articles on the Internet, you may think that SEO strategies are not such a big thing. In fact, who can not deal with keyword density, put out links and things like that? The truth is that SEO strategies are a lot more complex, and a successful one requires a lot of time searching the right ways to increase your website ranking.

Moreover, it is important to understand the previous SEO techniques and know why they failed or not. This will help you understand the actual and future SEO tactics. Concepts such as keyword density are history now.

2. Save time

SEO can not be learned overnight. If you want someone from your company to understand the technique and be good at SEO, you have to provide him with a lot of time for research and study. Taking into consideration that your employee did not know too much about SEO before, he will probably be overwhelmed by the multitude of old strategies that are no longer actual. If you convince all of your employees to do some research about SEO and apply some SEO strategies, this is nothing but a waste of time and money. Let your employees do their jobs, and hire an SEO firm.

3. Save money

A wrong strategy will fail and all the time and money you have invested will be wasted. Moreover, you will need some SEO software tools that may seem quite affordable at a first glance, but they are expensive if you calculate the costs. Even low-cost SEO software tools are pricey, and they can not do the job of an SEO expert. Not to mention that you will have to learn how to use them on your own.

4. Search engines' algorithms are always updated

If an algorithm is updated, this means that, most probably, some of the ranking factors have changed. This happens very often. An SEO agency will always be aware of these updates, and they will change the strategies and techniques according to every new update. Keeping up with all the …

Real Estate – The Velocity of Money

This lesson is really adapted from Robert Kiyosaki’s book, “Who Took My Money?” I strongly encourage investors to read this book. He writes that the Velocity of Money is the one reason why rich get richer and the average investor risks losing it all. I agree. From Robert’s book, he writes “As a professional investor, I want to…

1. Invest my money into an asset.

2. Get my money back.

3. Keep control of the asset.

4. Move my money into a new asset.

5. Get my money back.

6. Repeat the process.”

When I teach my homes buying homes investment strategy, I am teaching Robert’s velocity of money concept. I read Robert’s book in the summer of 2005. Little known to me, I was already teaching the velocity of money and didn’t really realize it. Thankfully, I was already utilizing it with my investing.

To give you an example: Let’s assume you purchase a nice single-family home for $200,000. To purchase this home, you use a 5-percent down payment loan program and invest approximately $10,000. You use a fixed, interest-only loan program and your total monthly payment is, say, $1,400. You offer this home on a Rent to Own Program. Your new tenant/buyer gives you $6,000 up front on this lovely home and picks a program paying you $1,695 a month in rent.

After collecting your up-front payment, you would still have $4,000 invested in this property ($10,000 down payment less that $6,000 upfront payment received from your tenant/buyer). Your monthly cash flow would be approximately $295. (Rent of $1,695 less your payment of $1,400) It would take you another 13 1/2 months to recover your remaining $4,000 invested. ($4,000 divided by $295 monthly cash flow) In this example, it would take you around 14 months to complete steps 1, 2 and 3 above. You would have invested in an asset, gotten ALL your money back and kept control of this same asset. Now you are on to step 4, which is move your money into a new asset. Robert continues his teaching as follows:

“A professional gambler wants to be playing the game with house money as soon as possible. While in Las Vegas, if I had put my money back in my pocket and only played with my winnings that would have been an example of playing with house money. The moment I began betting everything, I lost the game because I lost sight of my goal, which is to stay in the game but to play with other people’s money, not my own money.”

When you come to a point in your investing at which you have gotten all of your money back and still own the asset, you are playing with house money. In this example, after Month 14, you would still receive a cash flow of $295 a month until the property sells. This is all house money. Now let’s move on and assume that the your tenant/buyer doesn’t purchase your home during the …