Well, I hope by positioning these items side by side that
the wheels are now turning inside your head. You should
immediately recognize that while these may be opposite
positions, but they are completely complimentary. It is very
common for a person to have both sufficient available
capital and a real desire to build a real estate portfolio,
but they simply don't have either the time or the desire to
devote to maintain the management and operation of a
property. The flip side of that coin is also very common.
Just about everywhere you look are people who have the time,
willingness, talent and desire to be in the real estate
business, but they just don't have the available capital.
Simply put, there is available an obvious marriage of
convenience between these parties. Like all relationships, a
person should choose their partner(s) wisely, but when a
companion is found, a world of opportunity, progress and
achievement is laid before you.
I can point out numerous highly successful real estate
entrepreneurs who started out with only time and now have
money. Likewise I can identify those who started out with
money, and now have much more of it. While some people see
having either time or money without the other as a hindrance
to building wealth in real estate, it can be the perfect
jumping off point for an exciting and profitable journey in
property ownership.
One of the most exciting aspects of this potential is how
easy it is to find a counterpart. If you have either time or
money, it is simply a matter of letting people know that you
are willing to invest what you have, to help a partner get
what they want. My first transaction was with a partner. He
put up the money ($5,000) and I put up the time and effort.
The rest, as they say, is history.
If you are one of the many people excited about this
business, but needs the right partner to make it happen,
here's what to do:
1. Make sure you identify what you have to contribute;
i.e., exactly how much time or what amount of money you
are willing to invest.
2. Make sure you understand the real estate business
sufficiently to safeguard your intended investment,
whether that investment be in time or money.
3. Advertise for a partner. Simple want ads will work
great, but word of mouth will bring you comparable
results. Just start letting people know. Every person
with which you share your desire will bring you much
closer to finding the perfect partner. I guarantee that
you'll be surprised at how fast you'll find a match.
When building any real estate business, you must begin with
what you have; desire, time, skill, or money. Whatever you
have to bring to the table, it is valuable and necessary for
success. So if you're wanting to get going, keep going, or
build bigger; consider joining up with a partner (or
partners) that have what you don't, but need what you do.
I Want To Start A Fight
Still to this day businesses are trying to launch themselves online and get their piece of the internet market, which has plenty to go around. The issue that still plagues small-medium sized businesses and anyone else who is trying to sell online is finding a solution that won't put them in the red from the get go. This can be a tough decision and doesn't get any easier when you have to consider all of the factors.
Now before I go any further I want to just state that this article isn't an article for you to get down on yourself. By end of this article I will show you how you can start selling online with a scalable solution that is perfect for any sized business. Plus you can get your store online with a simple click of the mouse, sound easy enough? Best yet is that it will save you alot of money.
Now any business or person for that matter selling online has to understand and deal with some key issues of internet business. Some areas that you are going to have to focus on and pay some attention to are:
(1)Domain name registration:
The ability to register your domain name for your business so that it speaks to your customers exactly what you are about. Picking a great domain for your business includes choosing a name that:
(a) Says what your business does.
(b) Is easy to remember. and
(c) Is unique to your business.
Just think of all the domains you've tried to remember. Which ones stuck in your head and which ones were tough to remember. An example of this is ABC.com is alot easier to remember then AXBYCZ.com. Simple and precise will give you the best results when picking a domain name.
(2)Hosting:
This is one of the most important part of your online stores and should not be overlooked. If you do not have a good and experienced hosting provider backing you then your online store may fail from the get go. This usually has to do with up time which means how often your site stays online. Alot of sites promise 99% up time, which sounds good, but if they do not keep to their word then you may need to find a new host.
Keeping your online store up and running is the same as keeping a brick and motor store doors open. If the doors aren't opened or your store is accessible to internet visitors then you will be missing out on sales and this will mean the failure of your business. Who ever you pick for hosting watch their website and see if it goes down, if so how many times a day and for how often. Then contact them with this information and ask what happened. If they can't keep their own site online how can they keep yours online.
(3)Site security:
This is a big issue on the internet today and is a subject that shouldn't be overlooked. No matter what form of payment or information you are collecting you should have your online store protected by SSL. This will protect any information transmitted over the site and also protect your customers credit card information.
SSL can be tricky if you do not 100% understand it and it is good to find a eCommerce provider that will help you with this. Alot of providers leave it up to you to purchase and install an ssl certificate. There are some affordable solutions that include your own SSL certificate in their price plus will install it and set it up with their eCommerce packages. Finding the right company can really streamline the process of getting your store online..
(4)Shopping cart software:
Your shopping cart software is also a very important piece of how well you will do selling online. The features and tools located in this software, plus how it allows you to control and edit the store will really determine how successful you can be. Plus it can also either eat up alot of your time or actually give you the ability to do things right, do things quickly and have an abundance of time to focus on other areas of your business.
Some tools or features that you should look for in a shopping cart solution are:
-Affiliate program. Very important for building your sales team, saving your time and resources on advertising.
-No transaction or listing fees which allows you to save money and keep more of your profit.
-Accept credit card orders as well as person to person payments(such as paypal.com).
-Shipping and tax setup.
-SSL security.
-Sales report statistics.
-Easy product management.
(5)Setting up and integrating this all together:
Now alot of people or businesses who are looking to set up their online store aren't tech pros. Using a service such as the one located at the bottom of this article, it will allow you to get a full featured online store, setup and integrated with ssl, plus hosting and a domain name as well as alot more.
You can easily keep your business out of the red, and if you compare the service above to getting your store setup by a programmer you know that this is a huge savings. Trust me when I say I've seen people pay $1000+ for ecommerce projects that only include half of what you need to sell online.
Basically when you contract out for your ecommerce store you are getting inflated prices on a solution that may not include everything you need(especially reliable hosting).
(6)Additional fees that alot of ecommerce providers charge you:
The next thing you must watch when choosing an ecommerce provider is are there any additional fees. Two of the worse additional fees out there are:
(1) Listing fees and
(2) Transaction fees.
Some ecommerce provider actually charge both of these. Why should you pay to list products in your own store and why should you pay when you sell something, because chances are you are already paying fees when a payment is made to you(such as through your merchant account or paypal account).
Just think if you list 2,000 items in your store and are charged even 0.10 cents per item that is an extra $200 right there that you have to spend out. Then you may be charged a 1.5 % transaction fee. Say you do $5,000 in sales a month, this alone would cost you an extra $75 a month for every month you sell $5,000 in sales. Now it is starting to get alot more expensive. But why you should be charged these extra fees?
When you look at some of the other ecommerce providers out there you start to see that the actual cost to get your store online may be more then you first thought. You shouldn't have to pay extra fees if you are paying a monthly fee because they are double dipping into your profits. There are ecommerce providers out there that don't charge any extra fees so do some searching.
Take this knowledge you have now gained and move forward knowing that you can make an educated decision when choosing what path to go to get your store online. Remember that the solution you use shouldn't break the bank.
Both Roger Beattie & Anthony Jewell are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Roger Beattie has sinced written about articles on various topics from Property Investment, Real Estate. Roger Beattie is an accomplished real estate investor andwriter. He and his programs have appeared in many majorpublications including Forbes Magazine and The New YorkTimes. He recently released a controversial report on manyof the heavily promoted real e. Roger Beattie's top article generates over 4400 views. to your Favourites.
Anthony Jewell has sinced written about articles on various topics from Business Plan, Site Promotion and Web Development. Anthony Jewell | Manager of ActiveCheckout.com which provides . Anthony Jewell's top article generates over 18100 views. to your Favourites.
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