Articles

Building A Simple Import Home Business With The Power Of The Aussie Dollar

I’m sure you would have noticed power of the Australian dollar over the last two years. Going from the days where it was 60c on the US dollar to now surpassing it has been a surprise for many. We don’t often realize that we still however pay alot more in Australia for goods than they do over in the states and other countries. If we take cars for example, a new Nissan GT-R sportscar is $168,000AUD while in America it’s $75,000USD. At the time of writing then, this vehicle made in Japan costs $72,000AUD if bought in the USA, and $168,000AUD if bought here on Aussie soil. This discrepancy exists in many product categories, and while it’s terrible for the average Australian it does provide an opportunity to make some money working from home.

It doesn’t take much to arbitrage on this gap with a little bit of know how. It’s a relatively simple process to import some products from The USA and then sell in Australia via an online store or even ebay. In fact, some Aussies buy products from ebay.com in the states, and then sell the same things on ebay.com.au and make a profit. A simple trick when doing this is to make each import order under $1000 to avoid Australian taxes and duties, and to bring these items in for personal use. When you see just how much we are paying in Australia for items compared to the rest of the world, the margins become all to evident. By doing this you will be putting some extra cash into you pocket each week, be working in an area that interest you, and helping bring our prices into line with the rest of the world.

Here are some simple product categories where the gap is massive and there’s some easy bucks laying on the table.

Musical Equipment: Guitars, keyboards, amps, speakers… all these things are generally 2x the cost here in Australia. If you can work out some decent shipping this is a super easy way to make some extra coin from home. Here’s an example. A Dean Dimebag Stealth Electric Guitar: $1498AUD online, In USA: $849

Skincare: top brand names are often 50% cheaper or more in America, and there is no need to worry about incompatibilities with voltage/format etc.
Example: Obagi Nu-Derm Skincare Set: $250usd online, in Australia is $550AUD.

Most products you will be able to see a decent gap. Just research and keep a spreadsheet of anything you think makes good business sense. Also try and work with products that move quickly and that only require you to make  half a dozen visits to the post office each week. There might be great margin in some smaller priced goods, but if you need to ship 200 of them a week that can soon become draining.

Ebay is the easiest way to get going on these at first, maybe with some free classifieds added in like gumtree etc. After this you can build you own little simple ecommerce store and drive some local traffic with Google Adwords, social marketing, and some good press. These aspects go beyond the scope of this post, but hopefully I have gotten the cogs upstairs turning a little. Remember, you lose out on 100% of the shots you don’t take in life.

Read More…

Articles

More Time Management Tips For Those Working From Home

Numerous home based businesses are unsuccessful for the simple reason of ineffective time management. Do not allow your ambitions to turn into disasters when you can make use of easy tips and tricks that will ensure success regardless of the enterprise you have embarked upon.

Blending business and personal lives weren’t all that unusual previously. Nevertheless, it has become increasingly relevant to create firm boundaries now that the world at large has extended into just about every aspect of our lives. When you work out of your home, you must make certain that you have an obvious line between your work time and your family time. This will only benefit you over time given that you can give full attention to your business when you are supposed to be focusing on your business.

There will certainly be small and constant fires to douse when you are a “one man show” working out of your own home office. This just makes it all the more important for you to clearly identify and set your priorities. You don’t want your family life to have an impact on your home based business and vice versa. You may be working from home, but you have to treat your home business as if you were in a business setting. Even though you are your own boss, you need to bear in mind that without specific priorities, you won’t have a paycheck at the end of the week.

Business planners may be outmoded in the Internet age, but planning won’t go out of date. It’s vital that you actually plan your business goals — both your short term and long term goals. If you take a look at history, the successful individuals were those who made certain they planned their days, weeks, and even months. If you don’t have a task jotted down, you might forget it. You could start using a digital planner if you choose, but it’s still a smart idea to actually write down your plans for no less than a month. By doing this, you can gauge if you’re much more comfortable working with a digital planner or a handwritten planner.

Email has become so ubiquitous that it is not hard to get bogged down by it every day. If you leave your email for just a couple of days, you can be sure your inbox is inundated with junk mail. You shouldn’t let your email take over your life or disrupt your business. You can manage it by scheduling the times for when you check and respond to email. Immediately delete those emails which aren’t important and answer right away to emails relating to your home business.

In business, time is one of your best assets. If you do not manage your time effectively, it directly affects the success of your home business. It’s wise to split your day in segments and doing the most important or most urgent jobs first. You should not delay things that you dread dealing with, but get them out of the way right off the bat. By getting these kinds of tasks dealt with, you give yourself the time to do the things related to your business that you really love doing.

Read More…

Articles

Set Up an Office for Working From Home

Most people would like to have more control over our at work hours. This is one of the primary reasons that the the idea of working from home has become so popular. This can be particularly true for folks who set up their own companies. In case you are looking to manage your own business from home this can indicate that you will need your own office and this can take quite a lot of planning to ensure your home and working life are kept separate. If you intend to have your own home business office there are many things to consider which will depend on the type of business you run and how easily you can adapt your house.

A great place to start is to consider how your home is laid out. It’s possible that you have an additional or little-used room that you could use. When your home includes such a room, ask yourself if it could make a good work space for your office. The dimensions of the space needs to be factored in based on what office furniture and fittings you will need. Adding electrical sockets is no problem, of course, but location within the household may be. You are going to wish to be off of the beaten path, so to speak. Additionally you have to figure out how much money you will need for the conversion. If you discover you don’t have the space for an office anywhere in your house, but you do have some money and time, you might consider adding on a room, which will also increase your home’s value.

If you don’t have the area inside your home, take a good look at any outside structures you have. What functions for many people is converting a garage to be their office. (This definitely meets our off-the-beaten-track criteria.) For many of us, our garages are just being used to accumulate junk anyway, so why not put all that space to better use? Depending on the size of your garage, a fragmentary alteration could also be an option, where part of the space you have is partitioned off. You will need to consider all the benefits and drawbacks of using a garage in this way to make sure that it is the proper decision for you.

If you have plenty of room in your garden you could opt to construct a completely new garden office which can be designed to your exact requirements. Sure, this may cost a good amount, but if you can afford it it’s best; you’ll be literally removed from your household and all it’s non-work temptations, while still definitely “working at home”. These garden cabins vary in price and size and are usually constructed using wood. Likewise, remember to check into zoning laws and insurance regulations which can come into play.

There are many issues in setting up an office from home and if you do your research you will find a solution based on your budget and needs.

Read More…

Articles

Time Management Tips When Working From Home

The rapid development of technology in the last decade has meant quite a lot to people that are looking to work from home. With the availability of the  of reliable high-speed internet plus the arrival of smart-phones, a great number of now have the opportunity to work from a home office. If you are currently, or thinking about working from home you should however be aware of some of the main pitfalls. A main consideration is your time management and taking measures to be productive while you’re your own boss. In this article I am going to outline some simple things you can put in place, to make sure you are making the most of your days.

The first decision you should make is where you are going to work in your own home, making sure you have a good environment to be productive and get things done. Of course, this may be affected by the size of your home, but the best scenario is to have a place where other family members will not be able to easily disturb you. If you have little ones living at home, you should inform them that you can’t be disrupted when you work or you will lose your concentration and not be able to get anything done. If your spending budget allows, you could construct an office onto your garage or patio. It is important to have a separate spot to work not only to be sure you get things accomplished but so you can easily put work out of your mind when you spend time in the company of your family.

If your workday begins at home, you need to be certain that you have the self-discipline to determine your work goals as well as the time you need to get started every day. If you’re able to get going early in the morning, this will get you into the habit of completing your work early in the day and enable you to have a productive remainder of the day, whether you continue to work or have the luxury to move onto other things. A major problem I find when you work from your home is having the discipline to finish the most important tasks first. Keeping in touch with others will most likely be done with email or phone. A common mistake most people make is to check e-mail continually throughout the day instead of establishing scheduled times to check your messages. This is also true for phone calls, you must learn to use voice mail instead of picking up every call when you’re trying to stay focused on a particular task. Let your voicemail filter out which calls are more important than others. If it is very important, someone will leave a message.

Now we are free of distractions it’s time to tackle the P word… procrastination. You should work on overcoming this as soon as possible it is easy to put things off when you are not accountable to anyone else but yourself. It is essential to know which projects have to be done first and not get used to doing the easier things instead. If you realize you are coming back to the same task over and over again it might be because you are just putting it off. Instead of having to keep something on your mind indefinitely, it’s better to simply get the awful task out of the way. Write down your tasks, prioritize and give each task an estimated time to completion. Give yourself half hour blocks to knuckle down and take some chunks out of those larger tasks.

There are some great rewards to working from your home, but you must learn to manage your time to ensure you stay productive.

Read More…