What Has Business Networking Got to Do With It?

Business networking is a form of marketing. It creates various business opportunities for the businesses that network together. Many businesses use it to generate more leads and customers because it is a less expensive alternative to traditional forms of advertising and marketing. Business networking can be done using a variety of free websites along with some that charge small monthly fees, but for the most part, business networking requires less monetary investment and more personal time commitments, therefore protecting the business capital and cash flow. It can also be done offline in a face-to-face manner, making it very flexible to fit the needs of nearly any entrepreneur or business model.

Online Business Networking

This method uses various business networking sites to connect with other business owners and customers all over the country, even the world. It makes it very easy for people to stay in contact with leads and customers all over the place, no matter where they are located or the distance between the business and its customers. There are several different sites available to choose from, some for general purpose, and others specialized for certain kinds of businesses.

Offline Business Networking

This kind of business networking has been done for years, even before the existence of the Internet. When you meet with important clients for lunch, dinner, or even a round of golf, this is networking. This kind of networking still remains effective in that sometimes people enjoy a more personalized interaction than words on the screen. Others sometimes still prefer the online communication because of the convenience factor of being able to network while still wearing pajamas.

Why is it important?

It is important because it is necessary to meet new people so as to create and sustain new business relationships. Continuing to grow, no matter how large or small a business may be, is very important to the overall success of the business. Without networking, your business will have to rely on word of mouth, and other more expensive forms of advertising. While these may work and bring success to your business, networking is a factor that may be just enough to send your business hurling past the competition.

Getting Started

Get involved. Go out and meet people. Talk to them. Join social networks. Start actively participating in those. Let everyone know what you do. Inform them about your business through your online profiles and conversations in the real world.

Business networking is something that is very easy to learn how to do. It is something everyone should try to do, and if they don’t like it, they can always hire a couple of people to assist with the task. It will get people to notice your business and help you find ways to become more involved with the community and your customers.

Discover the 6 Hidden Truths About Investing!

Anyone can invest, but only few can consistently win. And what’s surprising is it doesn’t take a genius to figure it out or have 20/20 vision. In fact, no newsletter, no broker, nor neighbor is going to give you a better performance than you can get with the right tools and education. But I think we trap ourselves into thinking investing is beyond what we can ever know.

I am here to not only tell you that you can do this, but you must. You owe it to yourself. You work very hard to accumulate what you have. Investing is too important to your future to tolerate meager returns. It is quite possible to learn what you need to know about the markets so you can have an investment plan that works year in and year out. Maybe by revealing a few truths about the market, we can lessen the anxiety toward investing on your own.

Truth 1: Using a full service brokerage versus a discount brokerage in most cases will not get you to your financial goals faster. In fact, a full service broker may actually hinder your progress: Just a 1-2% difference in the amount of fees charged by someone else professionally managing your money can possibly add up to tens of thousands to a few hundred thousand dollars difference over 30 years (based on earning an average of 6% after management fees versus managing your own account at 8%). Imagine retiring early instead of working those extra 5, 10 or 15 years to make up the difference. Find out if your broker has beaten the market after their fees.

Truth 2: Most people will fail to outperform the market by investing in a typical mutual fund. In fact, market data shows over and over again that many funds will severely underperform the market: Nearly 80% of all mutual funds underperform the market BEFORE FEES. So they end up significantly underperforming the markets WITH FEES. To look at this in another way, we have more than an 80% chance of NOT keeping up with market returns by investing like most other people. Traditional investing is not going to be enough to get you the returns you need to build wealth. Returns and long term performance matter!

Truth 3: The market is not as complicated as you think: The market appears complicated because there is so much going on, and you don’t know where to begin. The key is to FOCUS. Focus on a specific, straightforward and simple plan that is easy to understand, that makes sense to you and that you can follow over the long term without spending countless hours deciphering the market.

Truth 4: The greatest barrier to our success is sometimes us. We can’t get out of our own way. We tend to find excuses to stop us from making the decisions that lead our lives forward, or we get lazy hoping we can get the same results throwing our money into the latest and greatest fund. Unfortunately, this attitude can cost us dearly, even undermining performance. And furthermore, ignoring and putting off our decision to actively manage our nest egg today is one surefire way to hinder and possibly not achieve our retirement plans.

Truth 5: Returns matter. As much as you may feel more comfortable with conservative investments, conservative returns will significantly underperform aggressive returns over the long run.

Initial        Expected            
Investment   Return       Years       Outcome 
$10,000     3%         30          $24,568 
$10,000     5%         30          $44,677 
$10,000     8%         30          $109,357 
$10,000     12%        30          $359,496 

Truth 6: Actively building you portfolio matters even more. While that chart provides a realistic view of how much returns affect your outcome, actively putting money towards your investment every month is critical to building wealth. Just by adding $200 a month to our portfolio, we can significantly improve our results:

Initial Expected Monthly Investment Return Years Contribution Outcome $10,000 3% 30 $200 $141,407 $10,000 5% 30 $200 $211,812 $10,000 8% 30 $200 $409,416 $10,000 12%* 30 $200 $1,065,497

*Note: the S+P average generated a 12.5% return between 1980 and 2005

Even with all this information, I recently discovered some well-educated business professors at a local university still invest in traditional investments with full service brokers. (The broker himself told me). I guess it shows you that some just don’t want to take responsibility for taking the time to invest right, no matter how well educated they are. Unfortunately as we can see from our charts above, most don’t have the luxury to earn meager returns and not continue to build our investments, especially when we don’t have to. Just by altering some steps, you can start to invest right.

Starting a Home Business – Tips and Strategies

Starting and running a successful home business is exciting but you need to know several key home business fundamentals before diving in headfirst. Fasten your seatbelt. Let’s go!

Freedom from domineering bosses and the ability for one to pave his/her own path to success is one of the lures to starting a home business. However, as fascinating as it appears to be, few achieve true success in home based businesses.

Prior to implementing any home business plan, it is vital for all want-to-be entrepreneurs to focus on what they need to do BEFORE getting started. Here are several things you MUST do:

Enthusiasm

Those who are not enthusiastic concerning their business will find it difficult to get the required motivation and drive to attain success. Select your business carefully. Enthusiasm is a pivotal ingredient in any successful business but will not carry you through if you don’t like what you are doing. Enthusiasm is contagious. If you are enthusiastic about what you are doing, it will rub off on those around you.

When I first started my internet marketing business, it wasn’t all peaches and cream. I got involved with a couple of ventures that didn’t align with my personality and things didn’t go as planned. Once I found a business plan that fit me well, everything changed. I became so excited that I started getting up at 5am every day (without an alarm clock I might add) to get in a couple of hours of solid home business time before I ran off to my daily grind.

Find the right business for you and GET EXCITED!

Start-Up Capital and Back-Up Funding

Money makes money, even if it is only a small home business. You MUST have adequate funding to get off the ground and start promoting prior to taking the plunge. You should not anticipate making millions in your first few months in business.

You also must set aside adequate funding to cover personal and family expenses during the preliminary start-up period of your new home business. Find a few home business forums to join. Talk to other home business owners. Ask questions. Get creative. The more you learn about the home business industry and what it takes to operate one successfully, the further ahead you’ll be when you get started.

Commit to your business for a certain period of time. Promise yourself that you are going to work at your business for at least a year. You can’t play with your venture for a couple of months as a hobby then say “I haven’t been able to quit my job yet and move to the Caribbean.” That is just setting yourself up for heartache.

Remember, if you chose your business to align with your personality, you will be enthusiastic automatically. This will give you the determination to get through the sticking points and you will be more likely to succeed!

Motivation

Self-motivation is the key factor that distinguishes an employee from a true entrepreneur. A person lacking self-motivation may find it difficult to stick with a real business venture. On the other hand, a person who has an entrepreneurial spirit and can follow their heart successfully without someone else constantly having to be a monkey on their back making sure they keep up with their home business fundamentals.

An employee takes orders from someone else, and at the end of the day, usually leaves the office trying to forget the on-the-job hassles and is satisfied with just unwinding at home in front of the TV. However, a person with an entrepreneurial mindset wants more responsibility, which normally means working more hours than a standard employee.

Yet again, there is no “wrong” or “right” here, instead it is merely a question of the “how much more do you want from your life” factor.

You see, whether you have the moral support you crave from family members, friends and YOURSELF after starting a home business is what usually determines success or failure for most people in a new venture. This is where self-motivation comes into play. Hence, it is vital for you to have your own goals to work towards in order to realize your dream. Having a well thought out plan to obtain your goals will take you to new heights in your life.

In my first couple of online business ventures I didn’t research them very well before I jumped in and therefore I did not have a good plan of action. So, what do you think happened? Let’s just say I wasn’t a very happy camper! Again, once you have a business that fits you, make sure you know the steps you need to take to become successful. Educate yourself!

Getting Started

Do you want to know the secret of the top 10 percent of the most successful people in the world? This one thing has made more millionaires and made more people famous than ANYTHING ELSE YOU CAN DO – COMBINED! The single most important thing you can do to jumpstart your home based business (or anything else you do for that matter), bar none, is to memorize and put this one secret into action: in the beginning, you dont have to get it right, you just have to get it going!

I’m going to break this down for you. All this means is, once you start learning the fundamental elements of any project or venture, get started on what you’re learning RIGHT AWAY! Don’t wait until you have everything perfect. You’ll never get started. Get going as soon as you can. This will give you momentum and we all learn more from actual the actual experience of doing something than from studying how to do it. Let me ask you a question. Do babies “study” how to crawl and then walk? NO. They just get started trying until they succeed. This is why almost everybody in the world walks!

In Conclusion

OK. You now have some great tips on starting your internet marketing business. I only have one more for you. It is the most important one of all! TAKE ACTION – GET STARTED – PUT YOUR BUTT IN GEAR! Don’t just read my words. Start taking action on your dreams and goals NOW! Action is the sole motivator in this world. Without ACTION nothing gets done. So, go for it. What’s stopping you? You have nothing to lose but your old mundane lifestyle!