What to Look for in a Home Based Business Opportunity

When you were younger, did you ever dream about having your own home business? Were you sidetracked somewhere along the way and now find yourself caught in the 40-40-40 rut?

40-40-40 Plan (Rut)

40 minutes going to and from work

40 hours of work per week

40 years of life spent working slaving away for someone else?

When things get unfairly tough at work, do you still dream about your own home business – what you would do, how you would run your own home business, how you would treat your employees, what kind of money you would make, what product you would sell? Then when you decide to make a change in your life, do you look for another 40-40-40 job, putting your dream of your own home business on the back burner again for more of the same?

Do you know the end results of the 40-40-40 plan?

1% are wealthy enough to retire in comfort

3% are barely able to survive

27% are dead

69% are dead broke

Do you want to be in the top 1% that is willing to do something about it now, before it is too late? Being a former Human Resource Manager, I knew these statistics all too well, and I decided to take preventative measures.

Since you are still reading this article, I am going to assume you are looking for a change, moreover, a change as quickly as possible. So, let me share some of the wisdom I have gleaned from looking for a home business opportunity.

The two major focal points when looking for a home business opportunity are ones that will:

· optimize your efforts and time

· produce optimal financial rewards

Below are seven simple criteria to consider when looking for a home business opportunity:

1. Look for a business opportunity that offers a product or service that is, or will be, used daily by every household and/or business…

Think about products or services in your house that probably everyone around the globe uses on a daily basis. For example, services such as utilities, communication, appliances, etc., or products such as shoes, clothing, soap, etc.

Now think bigger – a product or service used on a daily basis AND that would represent a paradigm shift. For example, a paradigm shift was created in global communication when Alexander Graham Bell invented the telephone. Before 1885, no one had a telephone, nor had they ever heard the word “telephone”. Today, how many people do you know that do not have a telephone or cell phone?

Another paradigm shift was created when the first flight was made by the Wright Brothers in 1903. Today, man has already stood on the moon. Make yourself a list of products or services in your house that you can research to consider for a business opportunity.

2. Search for a home business opportunity that offers a product or service that has a global market…

It’s a small world. Plain old common sense would tell you that a home business opportunity with a product or service that has a global market would produce warp speed revenue when compared to one that is only within a local, regional, or national area. For example, the revenue produced from Microsoft with a global market is light years greater than that of a local shoe repair shop.

In addition, as you research this global home business opportunity, you will want to make sure that you are not required to stock products. It is time consuming to order products, receive and send out the products, manage backlogs, etc., not to mention the additional costs out of your pocket for shipping and mailing. You also encounter product changes or upgrades that makes your stock obsolete. So, avoid these types of home business opportunities like the plague.

3. An absolute must! Find a home business opportunity that incorporates leverage in its pay plan…

A business opportunity that incorporates leverage in its pay plan provides the best of both worlds. Leverage is a relatively simple concept. The best example is probably Ray Kroc and McDonald’s. Ray Kroc set up franchises for McDonald’s that agreed to pay him 3% of their profits.

In essence, McDonald’s sits back and collects 3% of the profits resulting from others exerting their time and their efforts. Let’s say, just for discussion purposes, that Ray Kroc sold 100 franchises and each produced profits of $50,000 that year. 3% would have produced $150,000 for Ray Kroc, yet he personally exerted no effort or time himself. What he did do though was brilliant, as he applied leverage by selling franchises, and became quite a wealthy man as a result.

Leveraging your home business will minimize your time and effort while maximizing your financial rewards. In a relatively short period of time, your home business will take on a life of its own, and you will be on the fast track to healthy wealth.

To find a home business opportunity that will rocket you into financial freedom, the company should incorporate leverage, not only in their business plan, but also in their financial rewards, preferably on a weekly, monthly, and annual basis – one of which should be residual. Residual is important because you want some form of steady income that you can depend on.

4. Search for a home business opportunity with a company that has live 24/7 support available…

Perhaps you have experienced the nightmare of attempting to make an automated payment where you could not figure out which button to push next, or what they meant by their selection choices, and you were unable to talk to a real person to get your question answered. The frustration even compounds when there is a deadline involved for a continuation of service.

Repeat customers comprise 75% of businesses, and satisfied customers will be the main reason for their repeat business with you and your product or service. Even in this automated society, the person-to-person contact is preferred, at least by the customer. Therefore, your success is dependent upon a home business opportunity with a company that has live, warm bodied live support 24/7 – whether it is support you may need, or support your customer may need.

Another important aspect of a home business opportunity with a company that offers live support 24/7, is the global perspective. What is morning for you may be the next day for someone else on the other side of the globe. To be honest, I am hard pressed to think of an international company with live personal support. Locally, they are even hard to find! So, when you locate a global home business with a personal touch, you have found a true gold nugget.

5. Seek a home business opportunity with a company that has a proven success record…

A lot of people, and a lot of companies offering their business opportunity, will tell you anything they think YOU want to hear in order to separate you from your money. When you talk to someone about a home business opportunity – turn the tables. You interview them.

Don’t be afraid to ask the hard questions like what they are making on a weekly, monthly, or annual basis with their home business. Ask them how long they have been running their own home business. Find out how many hours a day, week, or month they spend working their business. Ask them to give you examples of how they market their home business. Especially important is to ask if they have to spend additional money for items such as business cards, advertising tools, etc.

An example of a company with a proven success record is Xerox. Although Xerox is not a home business, it has a proven success record. In fact, they were so successful that their name is not only an icon, but the name “Xerox” is synonymous with the word “copy”.

6. Look for a home business opportunity with a company that incorporates training from experts and other professionals…

The majority of people on the Internet do not know how to harness the power of the Internet and turn it into wealth machine for themselves. Most people do not know how to market a home business. Therefore, a home business opportunity with a company that incorporates professional, expert training, taking you from the basics through the advanced stages of a marketing system, including how to use software programs, marketing tools, etc., is a virtual gold mine.

Since the majority of people on the Internet are not savvy with how to harness its power, a home business opportunity with a company that incorporates professional expert training is a definite requisite for success.

7. Look for a home business opportunity where the company works as a Team.

We all have our own weaknesses and strengths. We all like to have periods of “fun” when we work. When you have a business opportunity where the company works as a team, then your weakness may be a team member’s strength. For example, you may be detail oriented and have a harder time conceptualizing or seeing the whole picture. However, someone on your team may be the opposite. Combining your strengths will optimize your productivity.

In addition, we all have our “good” days and our “bad” days. Have you ever been around a negative person for any length of time? They pull you down too! If you have your own home business, you need to be upbeat and project a positive outlook at all times. So, when we have one of our “bad” days, it is always helpful to have someone from the team help to re-focus on the positive. Then when all are sitting around on the beach somewhere sharing war stories and battle wounds, everyone will have a good laugh.

Well, those are my nuggets of wisdom when looking for a home business opportunity. If you would like to minimize your search time and discover a home business opportunity that incorporates all 7 criteria, I can offer you one final nugget — simply go to: [http://www.globalsnippetes.com]

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Emerging Technology Trends and Business Opportunities for Solution/Service Providers

The business landscape is changing due to rapid technology changes. Innovation, technology and product life cycles are getting shortened; business use cases and application scenarios are changing swiftly due to globalization and technology integration. Organizations need to be flexible to quickly adapt to these emerging trends and be nimble to respond to changing market dynamics.

Emerging technology trends such as Software Defined everything, Object Storage, Flash, Cloud, Converged Infrastructure, Bring Your Own Device (BYOD), Internet of Things, Big Data analytics etc. are becoming more and more relevant with the emergence of multiple data streams. These innovative trends are transformational and are likely to shape the future.

Trends and Opportunities:

1. Software defined everything

Software defined everything will result in true interoperability standards, forcing individual technology suppliers to abandon working in silos with proprietary standards. Service providers can only offer value if they have the capability to offer all the constituents of computing, storage and network.

Some of the opportunities for solution/service providers include:

• Software Defined Storage (SDS)
• Supporting software defined storage applications from leading storage vendors
• Support these SDS products to extend them to other platforms and make them feature rich, enable integration with other ecosystems etc.
• Building test strategy, tools and frameworks and various types of testing opportunities
• Software Defined Networking (SDN)
• Network orchestration and automation, manage and implement SDN in enterprise data center
• Professional services such as Network Function Virtualization (NFV) implementation consulting or SDN and NFV testing for telecom vendors

2. Flash

Flash technology will definitely show an uptick in the 3-5 year horizon. One has to stay invested in terms of money, time. There may not be much of immediate progress in Flash adoption by enterprises due to the prohibitive cost, stable legacy set up, evolving enterprise features. Hence, most enterprises are still in the experimental phase, but there are lots of business opportunities.

The below trends represent some of the opportunities for solution/service providers:

• Most flash players are start-ups and would like to keep core work in-house and outsource peripheral activities
• Immense product engineering opportunities will lie with the big industry players in the form of testing wherein they plan to move products from existing legacy to all flash based platforms
• Flash storage OEMs are consuming PCIe based cards, AHCI and NVMe interface and most of these solutions are targeted towards cloud service providers

3. Object storage

Enterprises are inspired by the Internet companies’ adoption of object storage. Demand for object storage is driven by big data challenges of storing and analyzing a huge amount of data to provide value to the business.

Factors driving growth of object storage

• amassed unstructured data
• ease of accessibility via HTTP and SMTP protocols and REST APIs
• growing trend of organizations building their private or hybrid clouds
• software-defined storage (SDS) approach

Some of the opportunities for solution/service providers include:

• Ongoing integration of newer versions of OpenStack swift with existing storage products
• Mergers and acquisitions happening in the object storage industry, which will result into new product acquisitions by large storage vendors. This opens up product integration opportunities for service providers

4. OpenStack

OpenStack is moving beyond the early adoption as more and more enterprises and service providers are moving towards its adoption. Telecom space will drive growth for OpenStack. Openstack is the main driver for NFV thus helping it to become a reality.

Some opportunities for solution/service providers include:

• Provide storage vendors to enable their storage for OpenStack
• Help enterprises setup their OpenStack cloud, offer professional services
• Large storage vendors are building platforms with OpenStack using proprietary underlying infrastructure. It opens up integration and automation opportunities

5. Server SAN

Server SAN is poised to disrupt traditional storage architectures over the next decade. It involves sharing and distributing storage across multiple nodes. It is an architecture that turns multiple direct-attached storage (DAS) devices into a pool of shared resources via a high-speed interconnection such as InfiniBand or Low-latency Ethernet.

Some of the Server SAN solutions include EMC ScaleIO, VMware’s VSAN, and Quantum StorNext. One needs to follow this trend and see which of the existing solution gains momentum and is likely to emerge as a front runner.

6. BYOD

Businesses are implementing BYOD to save costs on software and hardware or to address the expectations of their mobile workforce. Provisioning of all of these devices is a Herculean task.

Some of the opportunities for solution and service providers include:

• Solution accelerators and automation frameworks in area of desktop virtualization, image management, Content collaboration and Bring Your Own PC solutions
• In mobile cloud era, the user is increasingly beginning to rely on endpoints, devices with very limited processing power, smaller screens, maybe no keyboard which makes manageability an area to explore.

7. Hyper/Converged Infrastructure

Massive improvements in processing power are driving converged infrastructure trend and reason for quicker adoption of it by data centers. All major infrastructure providers are moving towards the converged space. Many industry players are competing for significant market share in converged infrastructure space to uproot legacy installed base or protect own share of the market pie. It includes majors such as HP, EMC, IBM, Cisco, Dell, Microsoft, Intel, VMware, VCE and start-ups like Scale Computing, SimpliVity and Nutanix.

There are two trends emerging:

• Hyper-converged Infrastructure – One vendor builds an entire infrastructure by taking all the various pieces that make up a traditional infrastructure in the market today and put it in a box. It is entirely seamless.

• Converged infrastructure – Vendor takes the fundamental pieces of storage, network, compute and server virtualization, possibly from different companies, perhaps put a management layer on top of it to make the deployment and the management of those pieces easier and make them operate as a whole.

Opportunities for solution/service providers are in the area of consulting, design, implementation, and management services related to private and hybrid cloud deployments.

8. Internet of Things (IoT)

Other related terms for IoT used by industry giants are Industrial Internet by GE, Internet of Everything (IoE) by Cisco, and Smart Planet by IBM.

IoT is being driven by a huge increase in data volumes collected from various types of sensors deployed by business, and business benefits provided by the analysis of sensor data.

9. Big Data Analytics

There will be competition to develop optimized cloud platforms which can leverage real-time data streams and/or massive data as enterprises look for varied data sources as well as applications that help them to get insightful information about the markets, customers, and products.

Opportunity for solution/service providers to offer Big Data implementation and analytics outsourcing services is huge. Some of the opportunities include:

• Professional services related to big data like data migration among platforms, maintenance etc.
• Opportunities such as Big Data technology implementation, including data collection, integration and designing of Big Data architecture etc.
• Log and sensor analytics are also gaining traction as very insightful information can be drawn using them. It opens up opportunity for data science specialists.

10. Cloud Computing

Cloud promises a growth on every front be it IaaS, SaaS, PaaS or customized security.

Businesses are adopting a cloud-based infrastructure due to the upsurge of Hybrid cloud architectures which include an amalgamation of private and public clouds

Platform as a Service (PaaS) solutions allows businesses to lower IT costs. It speeds up application development through more efficient testing and deployment.

Security policies need renewed attention with cloud-based applications are growing and taking over businesses. Hence there is increased demand for security solutions to bring new exemplars of security to the cloud.

Some of the opportunity areas for solution/service providers can be:

• PaaS enablement services, application re-engineering and migration services, assessment, advisory services etc.
• Consulting services requiring strategic direction and guidance in a broad range of areas which will help organizations to migrate critical systems and infrastructure to the cloud

The pace at which technology is driving the change is phenomenal. It is inspiring new business strategies across industries. Organizations are embracing technology to draw meaningful insights from their operations and leveraging it to explore growth and revenue opportunities.

The trend is turning into a demanding environment where companies are seeking more returns from their technology investments. This represents a unique opportunity for solution/service providers wherein they can help companies maximize their return on investment through their offerings.

In summary, solution/service providers must adapt to these emerging technologies and quickly grab immense business opportunities emerging out of it.

Best Affiliate Program Opportunity Business Model

The best affiliate program opportunity business model is already being used by many smart online entrepreneurs to rake in hundreds of thousands of dollars, and not annually at that. These are the sort of figures that some affiliates are comfortably and quietly achieving on a monthly basis.

This best affiliate program opportunity business model is really very simple. You start off by creating a web site or blog site, next you focus all your attention and resources on driving as much targeted traffic as possible to this site. It is important that you have Google AdSense ads on your site so as to maximize on the revenue from traffic arriving at your site. This is important because you are really not selling anything on your site, all that you are doing is using it to recruit sub affiliates to help you earn serious money from your affiliate program.

You then sprinkle affiliate links in all the prominent and appropriate places on your site. You should also ensure that you have a system for harvesting email addresses that goes into your constantly growing opt in email list.

If you choose to use this business model for your best affiliate program opportunity, there is really no limit to the kind of revenue that you will be capable of generating.