Work From Home Articles, Small Business News, and Home Business Buzz

Archive for November 2010

Why the GWT opportunity is your best home business solution today!

Business and Product Advantages:

  1. High profit designer product lines
    In direct sales today, most companies market low profit health & wellness, household or tele-communication products. Low profitability means that everyone needs to move more volume and sign up more distributors to build a lucrative business.

    GWT designer products have some of the highest profit margins in the world. By having high margins, a business can meet its profit targets with fewer sales and fewer customers. This is one of the main reasons GWT members reach their financial goals in a fraction of the time it would normally take with other companies: you no longer need to build a team of thousands of distributors and customers to operate a profitable and lucrative business.

    Let’s take a look at the numbers and compare GWT earnings to the direct sales industry average “earnings per distributor” in residual income:

    • Telecommunication companies: up to $0 .35 per distributor
    • Health & wellness companies: up to $ 1.00 per distributor
    • GWT Corp: up to $10.00 per member 
  2. Highly Emotional Products
    Looking back in history, no other commodity has captured more attention than fine jewelry, precious metals and precious stones. They are symbols of wealth, love and passion, and they have helped us express those feelings and qualities for over 5000 years. No other commodity has increased more in value than gold, silver, diamonds and other precious metals and stones. Without debate it is the safest investment available today, which is why every financial expert recommends that 15 to 30 percent of all investments should be in precious commodities.

    GWT Corp is the only direct sales company to offer these commodities in a form of designer fine jewellery and goods.

  3. Visual Appeal
    GWT products are self-promoting because of their visual appeal and the instant gratification they provide at the point of sale. Most companies market products that require trial periods of 90 days or longer to deliver results, which makes the buying decision for clients much more tedious.
  4. Uniqueness
    According to statistics, over 96 percent of all direct selling companies market nutrition, household and telecommunication products. In fact, in 2007 a distributor in a wellness company is forced to compete with over 30 million other network marketers in the wellness industry in America alone. GWT is truly unique in that it is the only direct selling company that offers designer fine goods. Therefore, GWT members do not have to engage in comparisons with the other 1700 direct sales companies that market the latest and greatest health product or long distance gadget.
  5. Want vs. Need
    Other companies are constantly trying to establish a need for their product line by making unrealistic – and sometimes illegal – product claims. According to statistics, jewelry is the only product line that is used by over 85 percent of the population every single day. GWT customers purchase our designer products because they want it and not because they were convinced of its need with overstated promises.
  6. A safe business
    GWT products are the safest products to promote and market in the direct selling industry. They do not get consumed or expire, and they continue to gain value from the time they are purchased. The GWT business is recession-proof and gains even more momentum in the case of an economic slowdown, which makes the GWT business the safest and most rewarding business you can start.
  7. Reliability
    Jewelry has been the most precious commodity known to man for the past 5000 years, still is today and will be 5000 years from now. There will never be a replacement for precious stones or precious metals, hence the universal tradition of passing family jewelry down from generation to generation.

    Companies that offer the latest and greatest health or telecommunication products are constantly being replaced as science and technology progress almost on monthly bases. This constant turnover makes wellness and telecommunication companies very trendy, volatile and unreliable to a serious entrepreneur who seeks to build a long-term business.

    All the above advantages provide GWT representatives with the peace of mind of not having to constantly protect their team from upcoming companies and new products. GWT members do not have to endure the same challenges other network marketing distributors go through year after year.

Request more information about the Global Wealth Trade Opportunity

WASHINGTON – Small businesses interested in exporting now have a new online tool to help them tap into the global marketplace to grow their business. Developed by the U.S. Department of Commerce and the U.S. Small Business Administration, Six Steps to Begin Exporting, www.export.gov/begin, is the latest tool in the National Export Initiative toolbox to help entrepreneurs begin exporting.

The six-step process begins with a self-assessment to help potential exporters gauge their readiness to successfully engage in international trade. The self-assessment is followed by sections on training and counseling programs; resources to create an export business plan; information on conducting market research; assistance for finding foreign buyers; and investigating financing for your small business exports, foreign investments or projects.

Upon completing the self-assessment, businesses receive a score indicating their level of readiness. Based on the score, additional resources are identified fitting their specific needs, including SBA and its nationwide resource partners SCORE and Small Business Development Centers, as well as Commerce’s U.S. Export Assistance Centers, which provide individualized support.

“This practical, interactive website is just the latest example of the commitment the Obama administration has made to helping American businesses – especially small businesses – sell more of what they make around the world,” U.S. Commerce Secretary Gary Locke said. “Connecting America’s entrepreneurs and small businesses with new buyers and new markets abroad will help create jobs and spur sustainable economic growth.”

“With nearly 96 percent of the world’s customers living outside the United States and two-thirds of the world’s purchasing power in foreign countries, tapping into opportunities in the global market makes perfect sense and is more attainable than ever for small business owners,” SBA Administrator Karen Mills said. “One of the main hurdles potential exporters face is their fear that exporting is too complicated. This six-step process addresses and dispels that concern. Across the administration, we continue to strengthen the tools and resources so we can be the best possible partner in helping small business owners grow their customer base beyond our borders and, in doing so, create new jobs here at home.”

This joint Commerce-SBA effort is part of an array of activities by federal agencies to support President Obama’s National Export Initiative, which calls for doubling U.S. exports and supporting 2 million jobs over the next five years. So far this year, U.S. exports have increased nearly 18 percent compared to the same period in 2009.

President Obama has outlined five steps the Administration is taking to help U.S. firms expand sales of their goods and services abroad: creating a new Cabinet-level focus on U.S. exports, expanding export financing, prioritizing government advocacy on behalf of U.S. exporters, providing new resources to U.S. businesses seeking to export, and ensuring a level playing field for U.S. exporters in global markets.

For more information on export services for small businesses or to find local counseling and technical assistance resources, please visit www.export.gov

Read more Small Business news at http://www.homebusinessbug.com/small-business-news/

Social networking has become a valuable part of most businesses today, and with the overwhelming adoption of sites like Facebook (over 500 million users) it’s easy to see why companies don’t want to pass up such a large, tech-savvy market.  Along the way, however, you need to be smart about the way you use social marketing for your business, because just like in the real world, a first impression is hard to overcome.  Here’s some do’s and don’t’s for anyone starting out their business in the social arena.

Don’t Scattershot Your Message
Sure, there are dozens (if not hundreds) of social networks out there, but there’s really only two you need to worry about (Facebook and Twitter).  While it may be tempting to use tools that will just shotgun blast your posts out to a bunch of networks, understand that each network has different nuances and people learn quickly to tune you out if you’re not engaging on the platform they’re following you on.

Do Collaborate
It may seem like cheating, but there are some great tools that allow shared usage of a Facebook or Twitter account.  This way multiple people can be posting and you can also schedule your posts to release at a certain day and time.  This is a crucial part of a good social marketing campaign, so make sure that you plan at least a few days worth of posts ahead of time, and then when news breaks, feel free to interject it into the stream.

Don’t Use Social Media For Advertising
The amount of ‘spammers’ on social networking sites is out of control, and people are keenly aware of the problem.  If you begin posting ‘spammy’ sounding posts, people will be quick to ignore you.

Read this full article at http://www.homebusinessbug.com/dos-and-donts-of-social-networking-for-your-home-business-10167/

WASHINGTON – In an open letter to small business owners, SBA Administrator Karen Mills described requirements that small businesses report all transactions greater than $600 as “burdensome,” and called for their repeal. Mills said the reporting requirements in the Affordable Care Act, which were to have begun in 2012, add up to “too much paperwork, too much filing.” 

The text of the letter, which is posted on the SBA Website at http://www.sba.gov/1099letter/, follows:

Dear Small Business Owner,

I’m writing to update you on the progress that we have made regarding concerns stemming from the expanded 1099 reporting requirement in the Affordable Care Act, which could affect small businesses starting with 2012 purchases and 2013 filings.

The SBA and the Administration support the Small Business Paperwork Relief Act (introduced by Senator Baucus) which would repeal this provision.

As President Obama said on Nov. 3: “… the 1099 provision in the health care bill appears to be too burdensome for small businesses. It just involves too much paperwork, too much filing. It’s probably counterproductive.”1 Our support for the Small Business Paperwork Relief Act also follows the Administration’s support in September for Senate Amendment 45952 (offered by Senator Bill Nelson), which would have relaxed the reporting requirement.

All businesses that pay another individual or business $600 or more for goods or services starting in 2012 will be required to issue 1099s. The unintended consequence of a potential paperwork burden resulting from this provision quickly came to light, and we immediately began working across the Administration to reduce the burden of these potential future reporting requirements, as I noted in a letter to small businesses in May.3 We gathered feedback and comments from the small business community through roundtables, forums, and other feedback mechanisms involving outreach from the SBA, the Treasury Department, the I.R.S. and others.

Importantly, the repeal of this provision through the Small Business Paperwork Relief Act will not adversely affect the Affordable Care Act, which provides important health care benefits to millions of Americans. Small businesses are already taking advantage of the new tax credits4 for providing health insurance to employees this year, and future benefits such as the insurance exchanges in 2013 will provide small businesses with more negotiating power and reduced administrative costs.

Thank you for the input and feedback that many of you have provided on the impact that the expanded 1099 reporting requirement could have on your business. Overall, with your help, we will continue to ensure that America’s entrepreneurs and small business owners operate in an environment not burdened by excessive regulation, allowing you to continue doing what you do best: grow businesses, create jobs and lead America’s economic recovery.

Sincerely,

Karen Mills
SBA Administrator

Read more Small Business News at http://www.homebusinessbug.com/sba-backs-repeal-of-1099-reporting-requirements-small-biz-transactions-10166/

Starting a small business is becoming more of a necessity these days than a luxury; with the amount of jobs in decline and the ability to easily start your own business online, more and more people are flocking to entrepreneurship.  Here’s a few pitfalls that you need to avoid, especially if it’s your first time starting a small business.

  1. Use a Unique Business Name 
    There are plenty of reasons to use a new and creative name for your business (brand awareness & loyalty, differentiating yourself in the market, etc.) but even if none of those appeal to you, there is an important legal component.  Using a name that another business has, or even using something similar that could cause confusion (like starting a hamburger stand called MacDonalds and using lets say a light green M as your logo) can land you in court and potentially cost you your business.
  2. Carry The Proper Insurance
    Insurance needs vary greatly depending on the business you start, but it’s one of the most important bills you’ll pay each month, because it protects you from potentially bankrupting liability.  If you’re unsure of what insurance you should carry, you can talk with an insurance salesman, but a better idea is to find someone in the same business with some experience and see what they purchased.  Find the proper balance between leaving yourself vulnerable and carrying too much, thus hurting your bottom line.

Read the full article at http://www.homebusinessbug.com/5-small-business-mistakes-that-could-cost-you-a-lot-of-money-10165/

It makes good business sense to let temporary tax rates for the highest income brackets expire and revert to 1990s levels on January 1, 2011 as scheduled. Families should keep tax cuts on their income below $250,000, but well-off families should not get extra tax cuts on their income above $250,000.

Congress should not let Wall Street and big business CEOs hide behind small business to justify a budget-busting $700 billion tax giveaway over the next decade that would be even more harmful for Main Street than it was the last decade. Instead, Congress should build on constructive action like the Small Business Jobs Act and the overdue infrastructure investment we need to create jobs and stay competitive in the global economy.

Small business hiring is driven by customer demand, not tax rates

“Expecting high-end tax cuts to trickle down as job creation is about as reasonable as pouring gasoline on your hood and expecting it to fuel your engine. I’ve run a small business for more than 30 years. When people tell you that small business owners will use the money they save from lower tax rates to hire someone, they’ve got it backwards. Either they’ve never run a small business or they’re trying to mislead you. My tax rate doesn’t effect hiring. If I think I can do more business, my company will hire more workers. The costs of finding, hiring and paying new employees are business expenses. They’re deducted up front from our taxable income.”
—Lew Prince, Managing Partner, Vintage Vinyl, St. Louis, MO.

“The idea that ending the Bush cuts for the top brackets will hamper small businesses’ ability to reinvest is a red herring. I’m an average small business owner in Nebraska. I have 30 employees. My business does $2 million plus in annual sales. My personal income as the owner is less than $85,000 a year. The sales dollars I reinvest by hiring more employees or buying equipment don’t pass through onto my tax return. As a fellow businessman once told me, ‘Give me more customers and I’ll be forced to buy equipment and hire people to meet demand. Give me a tax break without more customers and I’ll just go to Aruba.’”
— Rick Poore, Owner, Design Wear Inc., Lincoln, NE.

“All across our country, families are fighting for their jobs, their businesses, their homes, their children’s education and their retirements. Congress and President Obama should be focusing like a laser on energizing Main Street business and job creation – not repeating policies that led to the greatest economic crisis since the Great Depression. No amount of smoke and mirrors can change the clear truth of history: the American economy created just 1.1 million jobs net under the policies of the Bush Administration, while creating 22.7 million jobs under the Clinton Administration. The Bush administration inherited a large budget surplus and left behind a giant budget deficit, economic meltdown and crumbling infrastructure. The high-end Bush-era tax cuts are contributing to our financial ruin rather than our economic success. They should expire as scheduled on December 31.”
—Margot Dorfman, CEO, U.S. Women’s Chamber of Commerce.

“The subjects of the state ought to contribute toward the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.”
—Adam Smith, The Wealth of Nations.

Read full News Article at http://www.homebusinessbug.com/business-case-for-letting-high-end-tax-cuts-expire-10164/

If you haven’t heard of Twitter yet, you’re about to.  It may not be the biggest social network out there, but the way Twitter was designed, and subsequently the way people tend to use it, lends itself to much more of an information and communication tool, whereas sites like Facebook tend to just become a place to connect with friends, rather than disseminate information.

Once you get onboard with Twitter, there are a plethora of options when it comes to clients, add-ons and services that extend Twitter, making it more useful.  This is because Twitter chose from the beginning to provide an open API to developers.  You don’t need to know what that means technically, but what it means practically is that there are websites and pieces of software (that are generally free, or very low cost) that can transform Twitter into a marketing machine for your small business.  Here’s a look at 3 popular tools that can take your Twitter game to the next level.

Read about the 3 Twitter Tools at http://www.homebusinessbug.com/3-twitter-tools-for-your-work-from-home-business-10163/