Starting a home based business in Australia can offer you a very good alternative source of income. But just like all businesses, there will surely be a lot of ups and downs along the way. The disappointing times in a business should not be seen in a negative way but rather as a great tool in knowing what to do or to avoid in the future. By learning from past mistakes, a future of great success may be in store for you as an Internet home based business owner. Here are some of the common causes of problems to avoid.Lack of CommitmentThe main winning ingredient of any traditional or home based business opportunity is full commitment. Without this, failure is already a certainty. Different businesses have different needs but the only thing that’s constant is commitment. The degree of success to be achieved will be proportionate to the amount of commitment dedicated to a home based business.Wrong Product and CompanyWhen choosing a product to sell, make sure that it is something that can sell itself. Cheap products may be tempting to consider especially if promised to sell by the volumes because of its low price. But make sure there is plenty of demand for the product, as you will need lots of sales to make the project viable.It is also highly recommended to look deep into the company you are investing in before taking the plunge. A good network marketing company with a solid background can support its members well. Any person joining a reliable company stands the chance of a good and long successful business partnership.Joining The Wrong CrowdAnother sure way of achieving success is to be with the right crowd. Always remember that misery loves company. Avoid being with negative people as they will bring you down. Be with positive people that will and can help you grow with your business.Poor Communication SkillsBeing in the network marketing home based business requires good communication skills. Talking to clients, the people you are working with etc., will happen on a daily basis. Having poor communication skills can be a critical deterrent of success in this business.Absence of PlanningWorking from home has many positive aspects but there are some negatives, too. One of which is how easy it is to forget to plan ahead. Planning is important as it helps you understand what you need to do, and will give you clarity about your goals and how to reach them. Without planning, time and money may be wasted from wrong moves and lost opportunities for the business.No Dependable AdviserIn multi level marketing businesses, it is important to have someone guide you along the way. As much as having your own business gives you freedom to ‘run your own show’, it is still advisable to have somebody to rely on for guidance. Especially someone who has already seen the good and the bad in the business.Taking Short-cutsAnother common mistake in having a home based business is that some people take short cuts regarding crucial decisions. It is important to base all decisions on facts and to think and re-think them over and over to cover all bases. It may seem tedious to do so, but it is much easier to work on it from the beginning than doing troubleshooting at the end because of poor decision making.Short FuseHaving a home based business entails hard work and long patience. Success does not happen overnight; sometimes not even for weeks or months. If you have no patience, you may easily be discourage by the slow development of your business, especially in the early years. Patience will give a home based business owner the ability to wait until success comes.
Home Based Business Mistakes to Avoid
Advertisements Are Here to Stay
Everyone knows what advertisements are, though not every person necessarily recognizes every one they see as such. Advertisements are messages primarily intended to drive sales of products or services. However, they also serve purposes other than eliciting a direct consumer response of this sort. They are also used to create and enhance brand identity and foster customer loyalty.
They may use any and every type of media including print (newspapers, magazines and through subtle product placements, even books), broadcast media like radio and television, outdoor media (billboards, signs and so on), the web and other new media. They show up even in video games, movie trailers (and in films through product placement, something also a regular practice on television). With so many media possibilities, consumers are sometimes exposed to adverts without even knowing it!
Advertising has been with us for millennia; for almost as long as people have been engaging in commerce, merchants have been using various means to promote sales of their products and services. Of course, advertisements have changed a lot since their beginning, but their purpose has been a constant.
The first known ads date back to ancient Egypt; the practice of promoting one’s wares quickly spread, with merchants in Egypt, Greece and other contemporary civilizations using papyrus to create posters. The ancient Romans invented political advertising with rock paintings used to urge voters to back a particular candidate. Print rapidly became the advertising media of choice, something which stayed the same until the 1920′s when advertisements entered the modern era with the advent of commercial radio.
Television arrived shortly after, almost immediately becoming a venue for advertisements as well as programming. Until the internet began to be common in households, TV, radio and print media were the primary media used by advertisers.
The World Wide Web revolutionized advertising by providing a new, interactive medium. It wasn’t until the mid 1990s that web based advertisements became commonplace; before this time, too few households online for advertisers to become aware of its potential to reach their target markets (though there had been some limited use of the web for business to business advertising). Online advertising continued to grow until by 2000, the popularity of e-commerce and the sheer number of people on the web made it possible for businesses to avoid using online advertisements only at their peril.
Online advertisements are big business, threatening to overshadow older advertising media and are a large and growing part of the marketing strategies of companies of every size and in every industry. Google, Yahoo and the other major search engines now earn billions of dollars from online advertisements every year.
The web is a versatile way to reach consumers; other than text and images, the interactive multimedia capabilities of the internet help advertisers connect with their target markets in new and exciting ways. While online ads already have a lot to offer, the internet is still a growing medium and the technologies used to deliver advertising online are certain to become more sophisticated over time.
Placing advertisements in video games are the latest development in the field. Delivering the same multimedia strategies of online advertising via video games, advertisers are aiming for market share amongst the enormous and growing video gaming demographic. Advertisements have been worked seamlessly into gaming and this is certain to be a growth industry going forward.
Media technologies change; but the purpose and the message of advertisements don’t. As long as there are goods and services to sell, companies will continue to go where their customers are. From print to video games and everything in between: radio advertising, TV advertising, outdoor advertising and types of advertising media not yet developed, advertisements are here to stay.
Andrew Long is an advertising sales consultant and expert in the field of generating revenues from websites and other media. He offers media companies a bespoke solution to selling advertising and making money from their websites and other media.
Differences in the Types of Auctions That Take Place Around the World
Auctions are those events where properties or goods are sold to the highest bidder. Auctions are mostly public events, where bidders make a series of bids and purchase a particular item for a high price. During auctions, bidders decide the price of an item rather than the seller. It depends on bidders to decide the amount they would want to pay for a specific item. During an auction, a bid is a proof of a legal binding. Bidders agree to pay the amount that they have bid. In a high profile auction, bidders may have to pay a deposit in escrow accounts or give a proof that they can pay for those items.
Types of Auctions:
Different types of auctions take place around the world. Below mentioned are some types of auctions:
1. English auction:
This is a basic type of auction. In this type, people can see the item and then start bidding. Bidders slowly raise the value of their bid until everyone gives up. The highest bidder is the winner. An auctioneer manages an auction, keeps records of the on going bid and decides the winner. Sometimes, the seller will quote a minimum amount for an item to the auctioneer, below which the auctioneer cannot sell that item.
2. Dutch auction:
In this type, the auctioneer sets a particular price and then gradually lowers the price. People in public will start bidding and later decide which prices are suitable for the item. A seller may use this type of auction to sell large quantities of same products to the public. For instance, a seller may want to sell a large amount of hay and will thus, decide to sell this hay to people for the same amount, once a reasonable price is decided.
3. Silent auction:
In this type, the bidders in public will present their bids in a sealed format. These sealed bids open at the same time and bidder with the highest bid wins. There could be a modification in this type of auction. The bidders are allotted a specific period to bid. They can roam in a room displaying the items, and write their bids on an associated sheet of paper. The bidders are allowed to see bids of other bidders and can choose a higher price for an item. At the end of the allotted time, bidder with the highest bid is the winner.
Examples of Auctions:
Auctions can be of two types either public or private. Sellers may trade any kind of items in both types of auctions. Some areas where auctions take place are:
1. Antique auction: An antique auction consists of a trade opportunity as well as provides entertainment.
2. Collectable auction: In a collectable auction, the seller may put up collectables like coins, vintage cars, luxury, stamps, real estate, and luxury for sale.
3. Wine auction: In wine auction, bidders can bid for rare wine, which may not be available in retail wine shops.
4. Horse auction: Bidders can bid for young horses of the best breed.
5. Livestock auction: In livestock auction, bidders can buy pigs, sheep, cattle, and other livestock.
The other examples of auctions may not be public. These auctions are for bidders from corporate levels. Some examples of private auctions are:
1. Timber auction
2. Spectrum auction
3. Electricity auction
4. Debit auction
5. Environmental auction
6. Auto auction
7. Electronic market auction
8. Sales of business auction
Bidders in an auction need to examine the items displayed and decide an appropriate price for an item. Thus, auctions help buyers in getting the best deals and in gaining better profits for sellers.