Everyone is looking for the golden chalice. Internet businesses abound. The world wide web is flooded with this opportunity and that opportunity. When asking yourself “what can I do to earn a little extra money” you might turn to the idea of an internet business as a possible solution. So you start looking. Finding some websites that look promising, you start requesting some information by giving out your name and your email. Your email is flooded every day with offers for you to make money on the internet confusing you more and more every day. You start the process of “opting out” because the number of emails is overwhelming and taking up way too much of your valuable time. The information overload that is occurring is astounding! The search for the right residual income business opportunity to fit your needs can be simplified if you follow the basic principles presented in this article.

The decision to become an affiliate of any residual income business opportunity is entirely up to you. Never forget that! Your search should be based on your own personality traits and desires, not necessarily on the suggestions and sales pitches of others. Think in terms of what you would like to do. The “how am I going to do it” will come naturally if you write down your goals and aspirations. One of the key benefits of choosing your own residual income business opportunity is that you get to do it your way for a change. You are your own boss!

Understand the nature of the residual income business opportunity customers. Any business survives because it’s customers keep coming back to buy more. Your customers provide recurring income when you take care of them. Offer discounts and specials that will retain your customers. Your downline is part of your customer base!

A residual income business opportunity is viral. As an affiliate for a particular business line, each of the respective affiliates that are a part of your immediate downline have their own franchise, their own downline. They build their business pretty much the same way you build yours, one affiliate at a time. In time, you could see your downine and all of the affiliates in your organization grow into thousands! If a member of your downline decides to opt out of the business, their downline is still considered part of your downline. A good analogy of this is grafting a branch onto a tree. Their branch remains part of your tree. It never stops growing, even after your own retirement.

Any residual income business opportunity should offer passive income. Your business, if set up correctly, will grow and generate income on a regular basis on auto-pilot! This comes from building the number of members in your downline. Many affiliates put their focus on team building. You can be the Director or CEO of a business where you spend most of your time answering emails, going to meetings, and speaking about how you built your business. Or you could be enjoying yourself by spending more time with your family, going on cruises to far away places, and living the life you have always wanted. And all the while, your residual income business opportunity is working in the background very hard. When you get home, the check from your residual income business opportunity is in the mail or direct deposited to your account. Time for another cruise!

A residual income business opportunity needs to be marketed effectively. The internet offers uncounted ways to market your business. The more common ways include Google adwords, blogs, websites, article directories, forums of many kinds, email lists, ebooks, search engines that you can submit to, and many, many more. It’s so easy, you can do it yourself or hire a company to do it for you.

A residual income business opportunity should be optimized. It does not make any sense to expose a product line or opportunity to someone who wants flowers if your business is not about flowers! Optimization techniques for your residual income business require correct search engine optimization of your website, ads, articles and emails. An example of this is keywords. If you want to sell flowers, one of your keywords should be “flowers”. Your residual income business opportunity will get a better response if your customers are targeted.

These are just some of the aspects of a good residual income business opportunity. This business is flexible. This business is exciting! It is truly the only business opportunity that can be taken up by anyone, from any walk of life.

About the Author

Go to Leonard Bartholomew’s website for information on search engine optimization, email marketing, and a killer home based business opportunity.

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With lots of online degree programs available today, it will be very much confusing to choose the right one. As with all the online degree programs everyone will promise that you get into an promising career as soon as you successfully complete the program. However, you cannot be certain about getting selecting in the field that you want to get into. People often make a mistake by choosing the online degree program that is most advertised on the Internet. They don?t even look into the career options that will be available by getting trained by those online degree programs.

The best degree programs like the business administration degree often remain undiscovered. This article is not another advertisement about the online degree programs. This article will help you to find out about the real career options that one can gain by having Business administration degree.

The Need for business administration professionals in this down turned economy

The advancement of the global economy has created huge demand for the business administration professionals worldwide. Today, good business administration professionals are preventing most of America?s businesses from ending up in bankruptcy. Many other businesses worldwide are in need of highly efficient business administration professionals today. Hence by owning a business administration degree from any accredited online degree program now will help you to get into an aspiring career instantly.

The need for accountants

You may be aware of the fact that no business would be able to operate without an accountant. students with business administration degrees are preferred by the employers today as they are highly skilled. Though this job is not glamorous as the other jobs in the financial sector, the skilled accountants can get high pay scales and many opportunities to progress in their career. The opportunity to progress in the accounting field is only available for the business administration degree holders.

The Banking and Brokerage Boom

If you do a bit of research in today?s career world, you will be able to see that banking and brokering are the 2 hot career opportunities available today. As the global economic condition, to recover, needs the flow of assets and commodities, the banking and brokerage professionals are in high demand today. However, as the economy has recently failed, professionals will come up with many challenges and only the business administration professionals with great skills can survive this toughest period of the career. The Business administration degree programs will make you prepared to tackle the problems and challenges that arise in the banking and brokerage career.

The business career options are really unlimited today. The business career world is in need of many skilled professionals who have a business administration degree. As the old saying goes, ?Strike while the iron is hot.? This is the right time to get a business administration degree.

About the Author

Business Administration has lots of open career opportunities today. Hence it is very much important to get the best education for getting into the best business career. That is the reason why the author of this article insists on finding the best Business Administration college for shaping you Business career.

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Now for many people, the thought of creating a business plan is akin to the fear of public speaking. However, it does not have to be such an unpleasant task, especially since we already have the information. Our personal financial statement, the project due diligence and the market analysis comprise just about all of the information needed. All we need to do is to organize this information into a coherent document. Our business plan is an opportunity to present ourselves and the deal in the best possible light. It is designed to give the lender an in-depth look at yourself as a borrower including your past successes, the reasons why this project is so strong, and the reasons it will succeed in this market. This will all be supported by facts from your research and due diligence.

Reasons for a Business PlanA written business plan speaks louder than any thing you say or do when applying for the loan. In addition, a written plan may be the only information the loan committee or board can refer to when looking at your deal. The business plan speaks for you when you are not present. It is extremely important to create a professional, organized, document proving that you have done your homework and can manage the risk that is inherent in all facilities.

There are several software packages and numerous resources available to assist you in preparing a business plan. Some are very good, but few are tailored specifically to real estate. I suggest you follow the format I have provided in this home study course for several reasons. Most business plan templates are just that; templates. They are designed using generic terms for operating a multitude of small businesses. However, a business plan and subsequent loan request for real estate requires many different elements. You may find that the effort involved in adapting a template is more work than writing a plan from scratch following the model I have presented.

In addition, I recommend writing your own plan because of the knowledge you will gain in the process of doing so. By assembling the information again and presenting it in a clear format, you gain an even better understanding of the project that allows you to explain it in detail when the time arrives. This creates a perception of confidence in the lender’s eyes during conversations regarding you and the facility, and anything that reduces risk on the lender’s part is a positive step in the right direction. Lenders see hundreds of proposals each year; some are good, others are not. A thorough plan makes their job much easier when pitching your deal to the board. I strive to ensure that my business plan and loan proposal are one of, if not the best proposals they will ever see. Some of the smaller community banks I have relationships with only approve so many loans per year, and I want to make sure that my proposals make it to the top of the list in the month that the committee or board meets to review and approve requests. And so far, I haven’t lost yet!

I must remind myself that perception is a reality for the lenders. They do everything possible to avoid risk, but they know that every deal involves a certain amount. Their approach is to look at every deal as if it was a loser and must be proven to be a winner. My Personal financial statement is designed to project stability, and my loan proposal is presented in the exact same manner. A good loan proposal will convey the message that I have the necessary resources and abilities to succeed in the project being proposed. This is critical to obtaining loan approval and funding for the facility.

Elements of a Business PlanThe ability to professionally package and present my proposals, I believe, has been a major advantage in getting my deals funded. My plans spell out very succinctly what I am going to do, when I am going to do it, and how I plan to do it. In my opinion, there are seven critical elements that should be included in any business plan and subsequently, your loan application:

7 Essential Elements of a Loan Application 1. Projected Financial Statement 2. Amount of Funds Requested 3. Requested loan terms and Length 4. Source of Repayment and collateralization 5. History of and nature of the Business 6. Repayment of the loan (including plan B should things go awry) 7. Timeframe for approval

I try to summarize those first 7 questions on the first 2 pages of my business plan to make it easy for the lender to get a quick snapshot of what I’m attempting to achieve. Remember, you are relying on your loan officer to present this request for you to the loan committee, so make it as all-inclusive, yet as simple as possible for him to do in your absence. Your ability to prepare your loan officer for this task will be the key element in gaining loan approval for your new facility.

Do not, I repeat, DO NOT send him or her in to the committee or the board with a disorganized, unprofessional mess of papers, and don’t leave it up to him or her to explain why you should be approved for the loan. I spell this out myself in my business plan which highlights my experience, past successes, and my confidence in the project being proposed. They should come to the conclusion that if they don’t fund this loan for me, then the competition certainly will.

Plan FormatMy plan is written as a combination business plan and loan application that focuses primarily on the subject property I want to acquire. It includes a summary of my past experience and successes, my present portfolio of real estate, and pertinent financial data, but the primary focus is on the deal.

The reasoning behind my format is that a self storage facility is not a business that requires many employees, vast amounts of inventory, or major amounts of machinery to manufacture, distribute, or sell a product. With self storage, the emphasis is on the care of a single asset, and the plan is a representation of my ideas for the efficient and effective management of the facility. I’m not downplaying my ability as a borrower, but in commercial real estate, the lender tends to look more to the performance of the asset than the borrower.

Below is a sample outline of a loan proposal and business plan. A good plan is professional, grammatically correct, free from spelling errors, logically organized, and most importantly, thorough. We will discuss these elements in the pages that follow. 1. Summary Page a. Borrower name and the entity that will hold title to the facility b. Property Legal Description c. Purpose of the loan d. Loan amount and terms requested e. Loan Ratio, or Loan To Value (LTV) requested f. Collateral and source(s) of repayment g. Financial Summary

2. Market Summary and Analysis a. Area map including facility, and photos of the facility b. Demographics: Population, growth, employment, & income c. Market Trends

3. Neighborhood Analysis a. Location Description in relation to customer base b. Market position c. Competition

4. Property Description a. Site plan and analysis b. Aerial and or Satellite Photo (GoogleEarth.com) c. Property Photos d. Property Description and Rent Roll e. Improvement plans f. Management Summary g. Marketing Plan

5. Financial Data a. 3-year historical financial performance (if possible) b. 3-year projection of operations c. Basis for these assumptions d. Source and use of Funds requested

6. Borrower data a. Ownership structure and Entity b. Background and experience of principal c. Personal Financial Statement of borrower

7. Exhibits a. Building and site plans b. Survey c. Sample Lease

I prefer to copy the package on 3-ring paper, and include in a binder with tabs for reference. Any one of the large office supply stores can assist you with this document at minimal cost. Remember, our goal is to have our loan proposal moved to the top of the heap when all the loans are proposed at the monthly loan committee meeting, and ultimately, given preferential consideration for being so professional and complete. Make it generic in nature, but include a formal cover to the bank and lender you are making the request to. There have been a few occasions where the lender wasn’t able to fund the loan for some reason, in which case I would retrieve the package and forward it to another bank to start the process over. In Summary, when I have taken the time to prepare a thorough business plan and loan request, it has been given the attention and priority it deserves. And subsequently, I have had a great deal of success in getting my deals funded, and grow my business in ways others have failed.

Tags : Self Storage, Investing, Real Estate, Self Storage Investing, Scott Meyers

About the Author

Scott Meyers, CSSM? is the President and Owner of Indianapolis Based Alcatraz Storage?. He is also the nation’s leading speaker and educator in the field of Self Storage Investing through his company SelfStorageInvesting.com. To reach him, or to invite him to speak, call 877-366-5773; e-mail Scott@SelfStorageInvesting.com; visit http://www.SelfStorageInvesting.com