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Archive for May, 2009


Friday, May 15th 2009

The Surprising Income Of Stay At Home Moms

Many mothers and single moms are choosing to cut back on their workweek, or leave their jobs entirely, to stay home with their young children. This decision is often met with a firestorm of controversy. There are those who believe that a mother who sets aside her paying job is setting the wrong example for her children; on the other hand, there are those who believe that the mother who walks away from her paying position is doing the best thing for her children.

There is no clear answer to the debate, and it comes down to a very personal and individual decision for that particular mother and her family. But let’s take a step back and look at what the stay at home moms would be making if they were paid for what they really do every single day.

According to the popular Salary.com, a stay at home mom is not appreciated for what she really does. In fact, she’s not “just” a mom. She’s also a day care provider, short order cook, chauffeur, teacher, facilities manager, janitor, accounting clerk, Licensed Practical Nurse, laundry attendant and probably does most of the financial planning among other things. Of course, that’s not all – she also holds the job of Chief Executive Officer. If you were to pay the stay at home moms what they are really worth in terms of work output and job experience, they would be earning an annual salary of over one million dollars.

Yes, you read that right: One million dollars. And that’s just base pay!

Unlike the professional positions just listed, however, stay at home moms don’t get all the perks. They don’t get sick days, nor do they accumulate vacation time. They certainly don’t get a 401K or profit sharing account, and they don’t get the regular, everyday interaction with others that they would get in a typical 9-to-5 job.

However, stay at home moms get the added bonus of never having to worry about who is taking care of their children, how they will juggle that medical visit with the important business appointment, or whether they will be able to beat the traffic to get home in time for the school bus arrival. If a stay at home mom does become a work at home mom, she still has the comfort of knowing that while she is in an office, her little one is just the next room over – or curled up right at her feet with a coloring book.

Stay at Home Moms are very important, productive members of society who have arguably the most important job on the planet. Just because they don’t get paid for it doesn’t mean it’s not worthwhile!

posted by Chris Simpson    No Comments »



10 Tips For Managing Your Home Office

1. Use separate phone line.

Whether it is a cell phone or an additional land line, make sure that it is always answered professionally and that it has voice mail. There is nothing worse than calling a number listed for a business and having it answered with just a “hello” or “yeah” or worse yet, never answered at all. Remember that you are the voice of your business.

2. Work in your office only.

You don’t allow the kids to keep their projects on the kitchen table or your husband to keep his sports magazines in the Den. Don’t allow your work to take over your family’s space.

3. Set reasonable work hours.

Nothing drains a work at home business owner faster than not knowing when to leave work. It is a common problem because the work is so easily accessible, but be diligent and realistic about the number of hours you can and should work each day.

4. Once you set your hours – stick to them.

Treat your work at home just as you did your work outside the home. Get up, get dressed, and arrive at your office on time and then also remember to leave on time. Staying on a schedule is the best way to ensure that you won’t burn out.

5. Consider getting a PO Box for your business address.

Having a separate address for your business mail will help you keep it apart from your home mail as well as give you a reason to take a break and get out of the house. It is also a very good idea to maintain your safety since your address goes on your business cards and possibly your website.

6. Get the right equipment.

Invest in the best equipment your budget can afford. Buy a quality office chair (your back will thank you), Upgrade your computer, get a good quality printer/copier, get a DSL line, and make sure your software is up to date. There is nothing more frustrating than dealing with slow, outdated, and under performing office equipment – so just don’t.

7. Move away from the computer.

Take regular breaks to get up and stretch, get a drink, or step outside for moment. Eat lunch away from your office. A change of scenery will do wonders for your mental and physical well-being

8. Stay up to date.

Subscribe to your industry journals and make a day for professional development. Don’t get stale or become out of touch with what’s new and exciting in your field. If you like to write – contribute to your journals or online forums and become a thought leader for your industry, that way you can make the trends instead of trying to keep up with them.

9. Don’t Isolate.

All work and no play really does make for a dull person. Join your local Chamber of Commerce and professional groups and get yourself out of the office once in a while.

10. Make your office a space that you enjoy working in.

Paint, buy new furniture, put up pictures, bring in plants, or do whatever will make your space one you enjoy. A word of caution, moving the play station and TV to your office probably isn’t a good idea – remember that this is your work space and really should be the only thing you do in it.

posted by Chris Simpson    1 Comment »



Joining Multiple Affiliate Programs – Will It Work?

There are so many companies offering affiliate programs of various categories that it is often difficult to choose which one is really worth it. Some programs offer more incentives than others while others have better products and services that will appeal to more people.

Even if you see the pros and cons of each program, you’ll still find yourself puzzled in which program to join. But there is no rule that states that you can’t promote more than one affiliate at a time.

You can actually join several affiliate programs since they are free anyway. The only catch is that you have more products and services to promote and you might wonder if it can really make a positive impact to your income. It actually can as long as you follow the right procedure to avoid wasting time.

Start out with One Affiliate Program

Before you get excited and join all the best affiliate programs you see, try to pick a single good affiliate program first. Take some time to learn the marketing techniques and see which ones actually help bring you sales. It is possible to fail with your choice of affiliate program prompting you to change affiliate program until you find the right one. It becomes more of a hassle if you change multiple affiliate programs all at once. Start with just one to be safe.

Your Second Affiliate Program Should be related with the First

When choosing your first affiliate program, it should be something that matches your website content. The same should apply to your second affiliate program as well. But, one thing to note is while the second affiliate program should be related with the first program, it shouldn’t directly compete with the other.

For example, if you have a tennis blog and you are affiliated with a company that sells tennis rackets, your second affiliate shouldn’t be related to tennis rackets, but still related to tennis. While it does give visitors additional choices, visitors will most likely click on one of the two links of your affiliates and that’s it. But if you are affiliated with a good company that sells tennis shoes, you have chance of making two sales per person increasing the efficiency of multiple programs.

Choose Programs that pay on Different Sales

Most programs pay commissions every 15 days, but you may find some that pay on other days. If you sign up on multiple affiliate programs that pay on different days, you have a better advantage in making money sooner.

Don’t Overdo It

The more affiliate programs you have, the more promotional tools you need to use on your website. If you clutter your website with all sorts of advertisements, you lose chances in making sales with any of the programs. If you insist in taking on a lot of affiliates, keep your design clean and use methods like random banners to avoid intrusions.

Joining multiple affiliate programs will really work as long as you stay consistent with your marketing and keep your website updated often. Always remember that no matter how many programs you join, residual income doesn’t happen overnight. Be patient and continue working and you’ll eventually find success in huge bursts.

posted by Chris Simpson    No Comments »



5 Reasons Why Your Home Based Business Needs A Business Plan

When taking a trip to a new place, most people map out their route. When building a new house, architects and builders draw up plans for design and construction. However, many home-based business owners start out their new venture without a clear business plan.

For many it may be that the thought of writing a business plan seems too overwhelming and for others it just may be that they don’t think they need one. Here are 5 reasons why the business plan may very well be the most important document you have.

1) It contains a complete description of your business, helps to inspire the mission and vision statements, and outlines your business goals and objectives

Having a clear mission and setting goals for your business allows you to really define what kind of business you want and want kind of owner you want to be. These items become the yard stick by which you can measure all of your decisions to ensure they align with the framework you set up for your business.

2) Helps you to define your target market and determine your marketing strategy

Once you have defined what your business is about you must then determine who will want to buy your product or service and how you are going to promote your business to them. This requires a lot of research on your product, but will produce a focused result that will ensure you are headed in the right direction.

3) Sets out a clear and structured picture of your competition

Creating an analysis of your competition will allow you to discover holes in your particular industry where you may be able to fill a need. You may also discover some ideas that you hadn’t thought of and some strategies that are already working and that you can utilize as well. As they saying goes…if it isn’t broke, don’t fix it.

4) Provides a clear and reasonable financial strategy

Let’s face, the number one reason any business exists is to make money. Having a clear and well thought out picture of what you will invest, what you will spend, and what you can expect to receive as income may very well be the deciding factor on whether a bank will loan you money or whether you can realistically begin this venture. Knowing your financial strengths and shortcomings will enable you to make solid decisions now and in the future.

5) Charts the course for the future

No business is static, at least not one with a well though out business plan, and so having a clear vision and direction for moving forward is of utmost importance. If you have created a picture of where you want to go and have made a plan for how you are going to get there, the course for the future should be very apparent and easily accomplished.

Your business plan is a living breathing document that should be updated. As your business grows and changes so should your plan. Reading and updating your plan on a regular basis will also enable you to review specific objectives and measure them to real time results. Remember; it pays to plan ahead. It wasn’t raining when Noah built the ark.

posted by Chris Simpson    1 Comment »




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