“TYPE OF HOME BUSINESS 3”

The third type of business to be discussed is RETAILING.
Retailing is a trading activity that involves buying from a producer, whole seller, or distributor, and selling in bits to final consumers. It requires owing a retail store or outlets, examples are: Mail order, garage sales, multilevel marketing.

Retailing evolved from the ancient act of trading surplus goods for goods (TRADE BY BARTER SYSTEM) in these period one exchange surplus goods for the one he/she needs, it is suspected that currency usage began when a producer who swap a product for a credit accepted a symbolic representation of such debts in the form of cowries, gemstones, later money.

Overtime a producer would have seen a obvious value in producing surplus goods, They take it from place to place, merchant would have also began to appear, they take their surplus product from village to village and sell for profits.

Types of stores:
The FIRST Stores: single independent store, run by one person, but sometimes by family, it was later taken over by “Franchise operations and chains” This has to do with a family marketing their own brand, the founding company will then look for people to franchise their product and start selling their own brand.

Others are:
Clothing and Accessory Store
Department Store
Distance Retailing
Door-to-Door Retailing
Chains
Party Retailing
Single Independent Non-Franchised Store
Street Market
Supermarket
Van Retailing
Warehouse Club
Warehouse Club

One starting a retail business from home may have to choose from one of the above types, however the use of an outlets is important, you could decide to turn your home to an outlets, but you must make sure that there is adequate human traffic. You could also choose to use the Internet by having an online store.

DROP SHIP (Service Store)
On the other hand you can own a retail store without actually having any product, all you have to do is locate a whole seller and drop ship, no inventory, no cost of storage, all you have to do is contact some buyers, send your application, and if approved you duty will be to get the buyers, accept payment, and send to the wholesaler, who will ship the product to the buyer.

Advantages:
Little or no capital
Physical presence in the area you locate your business
Retailing for cash, you are paid in cash for your product or service
Shorter sales process, no protocols to observe, customers come into your shop an buy directly from the sales attendant.
Easy accessibility makes people to recognize you and patronize you.

Disadvantages:
One of the disadvantages is its monotony: one easily get tired of doing one thing daily, like waking up, go to counter (if your shop Is located at home) clean and star t waiting for customers to come in.

Anyone going into retailing business should first review the above disadvantage, and discuss more with other retailers to find out about challenges involve in this business.

I am here for you, should you need more clarifications.

Types of work at home Business

Success is not measured by our position in Life, but by the obstacles we overcome to get there(guote by Thomas Edison)

In the last issues of home business and you we found that there are two platform wherein people work from home they are: Online and Offline. Today we shall discuss the types of home job there is.

Everyday, people go into business without really knowing what its all about, we have heard and witness some people leaving heir regular salary jobs to start working from home without making any effort towards obtaining information about their interest, this very irrational action have lead many into great problems which includes self induced unemployment, depression, mental disorders due to inability to cope with pressure and challenges that may arise as a result of “leaping before you look” This is why I decided to digress a little from the theme of this blog which is (Home job check) that has to do with running a preview on home business, what to expect, how to go into it, and make the best out of it, so without much ado lets get it on. ENJOY!

Aim: The aim of this study will enable one intending to start working from home to recognize the skill, and strategy in working from home.

There are four broad types of Home business we shall be discussing; one we shall discuss today is SERVICE.

Service business is an invisible activity rendered by one person to the other or to a company, it is very ideal to run from home example: lawyer, auditor, consultant, plumber, gardener, typist, teacher, financial agents, etc. People involve in this type of business must have acquired the necessary skill to perform their duties to a would-be client, and they must have a good customer relationship, because its people oriented business. Capital required here is small because they may not need to procure equipments, for instance if you are a good at auditing, you can start up an auditing firm from home.

REQUIRMENT:
1. Education: obtain the necessary education from other expert who are already in the field, or from school
2. Working experience: Having a pass experience in the field is very essential, you will know first hand how to handle your client, and how to tackle challenges when it arises.
3. Skill and professionalism: You obtain skill and professionalism as a result of constant practice, its quite different from Theoretical information you acquired from School, constantly dispatching your duties in the past brings about professionalism acquired through skill, it is a success born out of failure.
4. Marketing Skill: When you have gone solo doing business your own way from home, you will have to acquire extra necessary shill that is outside your field, one of such is Sales and Marketing of your service, this off course is for a short while, once you have started making some income, you will have enough capital to hire extra hands.
5. Consultant: Seek consultant, could be management, financial, account, or legal consultant. Some are very cheap, or you could be lucky to have friend or family who are professionals in the above mention field..

To succeed in this field you need to have a close relationship with your client, listen to them, be bold, courageous, and ambitious, have a positive attitude, read very wide, and make acquaintance with people who have made it in your type of work, take periodical survey to find out your performance, always seek to improve, don’t ever be satisfied to stay in a particular level longer than necessary. If you do this you are sure to make it. See you at the top.

Please look out for other type of home business in our next post.

"Home Business and You"

Opportunity is missed by most people because it is dressed in over alls and looks like work. (quote by Thomas Edison)

The Internet is an incredible phenomenon, a great wonder how information penetrates all the fundamental geographical barriers of the world. Distance is no longer a barrier in communication, the world has become a global village, and information is transmitted with a speed of light from one place to the other, no matter the time.
My business today is not to eulogies the internet but to discuss one among it’s many usage, it’s actually a concept that drastically changed the scope of internet technology, its discovery in the 90s enable people to buy and sell, earn income, generally do business online, can you guess? I'm sure you know what I am talking about, it is called online business, internet marketing, e-commerce, what ever you call it, it means the same thing, and this is classified under the broad heading of “HOME BUSINESS” Which is actually the theme under discussion.
Home business definition: It is a business activity that is executed or carried out from home. There are two categories namely:
Online Home Business and Offline Home Business.
Online home business is done using the internet facilities, while offline home business is done without using the internet facility, this does not mean that people working from home cannot make use of the computer, or other technology, but what set it aside is mainly the marketing aspect of selling and buying online.

WHY HOME BUSINESS?
More and more people are now looking for other means of making money other than the usual traditional means (i.e, salary job) one of such way is to make an income from a business by locating it at home. According to the Australian bureau of statistics, over a quarter of a million people are working from home, and the number is increasing, no matter the category of home business, the requirement for success are the same.

REASONS WHY PEOPLE CHOOSE TO WORK FROM HOME:

Before embarking on a business venture, the reason ought to be evaluated critically, because if you embark on this journey for the wrong reasons there is a great likelyhood of failure. For instance if one leaves his salary job simply because he/she cannot follow orders, insubordination, or character deficiencies such as laziness, inability to work well with other employees, procrastination, inefficiency, etc he or she will fail before starting.
So how do we know that we are going into home business for the right reasons, the below point will serve as a compass
1. The need to make our own decision, yearn to pave our own way using our God Given potentials, talents and gifts.
2. To shift from just over broke (JOB) Just Over BOLD: You need to take a bold step toward success and wealth, and that begins when you make the bold decision to transit from regular office “JOB” to home work, because no one can get rich or wealthy working for someone else.
3. Aim or Goal: The ultimate goal in business is success, which breeds fame, recognition, and power. There is the need to work hard in other to attain this lofty height ability to attain this goal becomes a driving force in entrepreneurial activities.
4. Free willism: Nothing gives one a sense of independence more than home jobs, no taking orders from overbearing bossy boss, free to do anything, make mistakes without fear of being giving a sack, query, or what have you.
5. Experience - Before venturing on own form home there is need to learn from experience, which includes leaning from mistakes.
6. Motivated by challenges: -the feeling that success cannot be attained till you rise up to challenges and win.

7. The need to do things better than others in your place of work. Maybe you have a great invention or discovery that is not gaining popularity, or encouragement from your boss or colleague, the urge to set out own your own and prove your worth will become your driving force

Home business people may feel the need to take change of their own destiny, create their own course of action toward achieving success or failure, either way they take risk.

9. Bad experience in regular jobs is it from large company or small ones also make people to shift to home jobs.

10. In Large establishment, lack of recognition may also be another factor that causes a change to home biz.

11. Unemployment and fear of unemployment can also cause one to consider working from home.
Other may be: late or early retirement, lost of job due to sickness, level of education, and so on.

This is all for now, please look out for other series like: Advantages
of home business, types, how to make it in home jobs, why people fail, free advertising aids, and so on