The Internet has fundamentally changed the collective psyche of modern man like few other agreeable phenomenons in history. Bill Gates has gone on before about “business at the speed of thought”, and for once I agree. We just can’t get things done fast enough because we can’t do them quite as fast as we think! It’s pretty unnatural, but that is not the point of this article.With the internet and the realisation of the virtual office space, home based business has become a reality. It’s my idea of how to begin working smart and it’s always amazing to see just how many people are still working dumb, in my opinion anyway. Surely if there was the possibility of creating a balance between being in the office and working at home, why do so many people who work behind a desk and computer screen still endure the daily traffic nightmare to do just that? I guess that’s the answer – their jobs are so bureaucratized that not sitting behind a desk all day is not classified as work!The opposite holds true for a home based business. Risks and rewards are off the scale in comparison to the corporate office environ. The opportunities available to an individual who has a good business idea and an internet connection are truly amazing.Start-up costs in comparison to a brick and mortar operation are almost nonexistent and support resources online can be abundant to the point of being confusing. What I think is so interesting about being online is the ability to almost literally extend your mind to the rest of the world. It’s leveraging at its best and it’s available to serve you if you really want it. Quite frankly I don’t think there are any more excuses about not being able to do what you really want to. It’s actually right there and it’s your choice to use. At least that is how I have found it.On a more practical note, with your own home based business there is no storefront or office to rent, fewer or no additional phone lines to pay for, little or no additional utility expense, little or no additional furniture to buy. If you have a burning desire to be a successful business entrepreneur one day, then starting a Home Based Business is the best way to get your feet wet and display the inherent skills you possess. A home based business has been the starting point for many a successful businessman.Starting a home-based business (HBB) can be rewarding experience for many but it does have its share of frustrations and disappointments. With advantages like flexible work hours, satisfaction of being your own boss, no commuting, tax benefits, it also has disadvantages like increased risk, loneliness, and added responsibilities. Once you’ve decided to take the plunge and start your home-based business, it will need an identity of its own. Creating an identity for your home business is not particularly difficult, but it pays to go about it in an orderly fashion so you won’t have to go back and re-do a lot of the steps you’ve already taken.So, if you have a strong desire to make something happen and you feel you know where you want to go, then there is nothing really stopping you other than the starting hurdle and maybe your own self doubts. What is really great about an online business is that you can start off part-time and gradually learn and develop with minimal risk. Probably one of the most important things to have starts with “P” and it’s not price or purchase. It’s persistence!
Considerable Factors Involved in Product Creation & Marketing
The niche you have chosen should allow creation of more than one product or service. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts, to complete turnkey solutions; there is no need to worry about spending time on the real products sold to the customer. The main ones are keyword selection, sales copy principles, graphics, affiliate programs, product creation, online payment processing, auto responders, and search engine optimization.
Once you’ve earned money from this type of information product business, you can invest in the creation of your own products if you want, or start offering more informational products that allow you to sell your knowledge. But the creation and production costs of a similar big ticket in sequence product, although higher, are still pretty low. A key by-product of this process will be the creation of 3-D, Computer Assisted Design art.
The Association for Financial Professionals permits the following activities for repatriating funds: Research and Development activities, advertising and marketing programs, hiring and training new recruits, acquiring patent and other rights to intangible property, improving transportation, funding capital investments with the purpose of job creation and job retention & funding product responsibility or environmental claims.
It prohibits certain activities like: Tax payments, Payment of executive recompense, Payment of dividends, Redemption of stocks, Debt investments and Portfolio investments. Therefore, before repatriating the money, you must consider whether it is worth or not.
Checklist on what artist and product development necessitate includes: Exceptional vocals, musicianship and/or songwriting skills, Continued education and enhancement of musical skills, Quality equipment, Performance ability, Image creation and maintenance, Plan of action, goal setting, excellent promotion materials including photographs, press releases and artwork, Business management skills, Marketing, Publicity and Promotion knowledge, Online and Offline Professional management, Basic knowledge of recording, producing, engineering, and mastering, Basic knowledge of manufacturing, distribution, and sales online, brick and mortar and air-play, Good choices in members, staff and advisors, Physical and mental preparedness, Basic knowledge of finances, accounting Law and legal issues etc.
The goals for doing so are for the product owner to: Communicate the whole, Determine and communicate when releases are needed, Determine what functionality is sufficient for each release & focus on business value derived from the releases. The delivery team on the other hand will see the whole, learn about the steps to realize the vision, learn the business priorities, provide technical input to the roadmap and provide estimates for the projected features. The salesperson must lead the prospect through the various decision criteria needed in order to secure a sale. Whether your idea is the development of a product, launch of a service business, or even the creation of an event or program for a non-profit, creativity is the root of all entrepreneurial efforts starting with the vision itself.
People quickly learn to spend their time on marketing and product creation, rather than repetitive tasks. Apart from empowering companies and individuals, there should be a particular focus on identifying labor intensive businesses that have the potential to make a significant and positive impact on employment creation as well as those businesses that have a product or service offering for export markets with the final objective of booming local economies.
Probate Real Estate Investing and Agent Opportunities
Investing in Real Estate for flips, long term holding or just for tax benefits is nothing new. I have been doing this for 30 years. We all know you can leverage with Real Estate and earn fantastic returns along with tax benefits. The difference and what I want to talk about is investing in a special niche of Real Estate which most stay away from. This niche is Probate Real Estate Investing.
I have been Probate Investing since 1987. Let me explain the process and why it has been so lucrative but for so few. When a person passes, if they don’t have a living trust then their estate must be probated in order to pay off creditors and transfer the assets to the rightful heirs. This is a time consuming process which is very hard on the family and on average runs for 4 months plus.
Now, the real estate in an estate is usually the biggest asset and is going to be sold to settle the estate and disburse the net dollars to the heirs according to the will of the decease. Sounds simple doesn’t it but in reality this process is the most stressful and time consuming event in most people’s lives when they are the Executor of an Estate. The responsibility the Executor has is almost unbelievable especially when this person most likely has never had to do anything like this. There are time lines and requirements they must adhere to, assets to first find, then appraise, manage and finally disburse to the heirs. There is limited help from the Estate Attorney representing the family as most tasks are handled by the Attorneys Para-legal and the Executor is usually kept in the dark. I have seen this predicament a common denominator with Executors in probate.
There are two processes in Calif one may probate under. The old law is a dinosaur and basically handcuffs the Estate as far as the Real Estate to be sold is concerned from attracting only Wholesale buyers. The other process is the done under the Independent Administration of Estate Act which allows the Executor to treat the real estate to be sold like a regular home sale with a few exceptions. A much easier process and also enables retail buyers who have interest in the Probate Investing to bid. I could go on and on regarding this process but I think you can understand. States other than Calif will have a process equal to or less than Calif’s Probate process so once you understand Calif’s Probate process, it’s usually just a small adjustment for a different State. During the 90′s most estates where processed under the old probate process in my area and in my opinion it was to keep any liability off the attorneys for allowing a property to sell to cheap with a possible complaint later on form the heirs. There is really no other reason to go through the old court confirmation process when selling a home in probate other than this. In today’s Probate world, probably 50% are going through the I.A.E.A which is where we want to be but many are still being probated under the old process.
For those in the know, you can purchase probate property early in the process and control the sale. I can dictate which probate process the sale will conducted under in my offer and I’m usually the only one approaching the Estate. I’m there the week the probate file is opened at court which is before most tasks have been completed. This has produced many wholesale buys for my investors and I over the years and here is the reason why I love Probate Investing.
Executors want the probate RE off their plate. They are worried about a vacant property being vandalized, maintenance to be performed, and in many cases they have moved into the home during this process. What we bring to them is peace of mind by buying the probate real estate and taking the biggest head ache off their shoulders. Also, this is Free money and even though they are selling to me at a discount, the proceeds look mighty good to them and the heirs not to mention the biggest asset now in cash. Buying probate property with the right game plan and know how can mean $50K profits (90 days) if you know what you’re doing. Plus many don’t understand the Probate process or options so stay away. Unlike foreclosures there are no lists which tell you which properties to approach.
I also love Probate Investing because we don’t purchase blind like many foreclosures plus the properties are usually in great shape as it’s not a distress sale. For 20 years I have enjoyed probate investing and it still amazes me today that most of my fellow agents and investors shy away. I’m not complaining…
In my opinion Probate Investing is the best opportunity to purchase single family and 2-4 unit real estate at wholesale prices and flip. This can also be a great way to accumulate rental properties buying with a 15-25% equity position the day you close for long term investing.
For you Real Estate agents Probate Real Estate is a great way to increase your yearly commissions just listing and selling probates and providing help to the Executor in selling. I have kept busy from an investor and agent standpoint working probates. In fact through the 90′s I worked about 10-15 hrs per week and earned more than my real estate practice paid me working 60hrs per week.