Home Wealth Project
Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
SeeSaw internet TV service launches in UK
Feb 17th
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Seesaw was born from technology bought by Arquiva from the aborted Project Kangaroo, an internet TV service supported by several UK broadcasters… |
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New Business Ideas? How Cool Are These 5 New Killer Small Business Ideas?
Feb 7th
Terry Kyle asked:
While doing research for my various book projects, I came across these brilliant new small business ideas that I thought you would get a kick out of:
1. Fair Trade Vending Machines
Fair Trade products are gaining momentum in normal grocery retail channels through coffee (close to 50% of coffee sales in Tesco in the UK apparently) and sugar so the next logical step is to offer Fair Trade products through vending machines – especially in socially conscious environments at first, such as colleges and universities. This actually gives people the physical means to do nifty stuff for our world rather than them just having the vague, unfulfilled desire to help.
Neat.
2. Self-Powering ‘Eco-Nightclub’
Tapping into the need for energy consciousness in all aspects of our lives, one London disco – Surya – harnesses piezoelectricity (whatever that is) by generating 60% of its energy needs from its dance floor when danced on. The green funkster responsible is 35-year-old property developer Andrew Charalambous who believes that his new baby is the world’s first ecological nightclub. The club’s slogan? “All you have to do is dance to save the world”.
Hard to argue with that.
3. Optical Illusion ‘Truckvertising’
While advertising on large trucks like ‘mobile billboards’ has been around for ages, creating clever, striking and engaging optical illusions with those advertising spaces has not. What a brilliant way to promote your new small business in your area or as a small business in itself. The trucks themselves also serve as ads for such a brilliant small business.
4. Wearable Airbag For Motorcyclists
The “D-Air System” is a part of a specialized motorcycle jacket that deploys in 40 milliseconds when it senses that the rider is falling. Such a technology seems likely to become mandatory for all motorcyclists to wear given the legal necessity of cars to have airbags since 1989 in the US. This looks like a classic case of a neat tech device potentially saving many lives.
Good job.
5. ‘Miss Army’ Knife – The Female ‘Swiss Army’ Knife – Get It? (a.k.a. Miss A Kit)
Designed for women, the Miss Army Knife, like its iconic male counterpart, features a range of tools in one utility device except for female use. Tools on the Miss Army Knife include tweezers, nail file, safety pin and corkscrew.
Brilliant name and product.
Speakers – next10
Dec 18th
| DAVID ARMANO (US) Senior Partner Dachis Group LEE BRYANT (UK) Co-Founder Headshift ADAM GREENFIELD (US) Head of… YOSSI VARDI (US) Entreprenuer |
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Evaluating Business Ideas & Opportunities
Nov 19th
Nazir Daud asked:
Every time I have a business idea or come across a new opportunity I analyse it using these criteria:
Is it really any different from what is currently on the marketplace? What wants and needs am I fulfilling? Who will be buying my products or service offering? How strong are my competitors? Is the market for my idea growing or shrinking? Do I have the time and energy to follow through? Who is going to handle what? How much initial capital is required? How am I going to raise extra funding? What is my maximum total loss including money, time and effort? What is the potential for return on my investment? How long is the time frame between initial investment, break even point and getting a return? What is my exit strategy?
I believe that one should be very careful about how they invest their money. Very often I see people that invest a huge sum of money when the potential for return is low and the risks are high. In this scenario it is better to leave your money earning interest in the bank.
The ideal business idea or opportunity for me, offers a potential for high return, with low initial investment. It focuses on a fast growing marketplace and there is something unique about the proposition.
Alternatively another great form of investment is when the potential for return might not be high but the risks are low, little effort is required and the profits are almost guaranteed. I will only usually consider this type of investment if the payback is rapid and the amount of work required is low.
Let me give you an example based on personal experience on how not to do it. One of the first businesses I started was a packaging company. The market was served by established players and it was being eroded by cheaper imports. Britain’s manufacturing base (my customers) was declining as the UK was slowly turning into a service economy. Margins were tight and my customers were willing to change suppliers at the drop of the hat.
Although we did end being successful, the amount of effort and sheer stubbornness required was out of all proportion to the money making potential. This is a classic business idea that should be avoided at all costs! I vowed when I sold this business that next time I was going to get into a fast growing market place where exactly the opposite was true.
Your evaluation for investing in an opportunity might be different from mine, based on your propensity to risk. If you have a family to support than this reduces the amount of risk that you can take on. Your age, your sex and business background all greatly influence the types of opportunities that you can examine.
Before starting a new business, bear in mind that working as an employee has many advantages to being self employed. Your hours are fixed, the return of investment of time might be less but it is certainly guaranteed, at least for the short to medium term. Starting any new business especially for the first time is risky and demands extraordinary effort before any returns are forth coming.
How do you evaluate any new business ideas or opportunities?
The PiggyBankin System E-book
Sep 16th
Two week ago, I wrote about a website called PiggyBankin that offers a fast way to make money online. The owner of the site, Jeremy has also recently released a free ebook to help people understand exactly how everything works with a step-by-step guide that people can follow to get started right away.
The e-book is actually teaching about how anyone can make fast money using Incentivized Freebie Websites (IFW). I have been aware of Incentivized Freebie Websites for awhile, and realized they were a quick way to make some cash. But not until reading The PiggyBankin System, did I realize that people could realistically make several hundred to a thousand dollars a week using IFW’s.
I like to share PiggyBankin System ebook to people, because frankly I love to see people make money online:
“As I’m sure all of you know, on the internet you have to spend money if you’re looking to make money. After PiggyBankin refers you to the IFW’s, you will have to complete trial sponsor offers (pay shipping and handling) to “complete” the IFW. This will only cost anywhere from $5-$15 normally, and PiggyBankin will promptly pay you the $100 ($50 for each IFW) once you have done so. After completing the sites you will receive your own referral that you can give out to people that can make you huge cash. As a Bonus, PiggyBankin has set up deals with each IFW to give you 4 free referral links (a total of 
which is estimated at over a $200 absolutely FREE.
Those 10 referral links will be yours to give to WHOEVER you want, and can lead to huge cash. Stage 2 of The PiggyBankin System is devoted to teaching you tips and tricks on how to refer people to the IFW’s. The best part about The PiggyBankin System is that it’s very straightforward and simple. Any person that comes across the information can easily follow the instructions and be on their way to making legitimate income online.”
Here’s the Step By Step Process You Will Take:
1. Go to www.piggybankin.com
2. Request the E-Book and read it over
3. Sign up at the IFW’s using Piggy Bankin’s referral link (given in the email)
4. Spend at most $10-$20 total to complete the trial sponsor offers at the two IFW’s.
5. PiggyBankin will send you $100 total in exchange for doing this.
6. Receive 8 additional referral links increasing your total to 10.
7. Read over Stage 2 and learn the same tips that people have used to make thousands of dollars online!
Who can participate into this money making opportunity?
As mentioned about, this opportunity is for anyone interested to make money online. Everyone can do it because what you need to is just signing up for the offer of the Incentivized Freebie Websites and get $50 for each offer you completed. The only drawback is that this opportunity is available for US, UK and Canada resident.
What have you got to lose!? Check out www.piggybankin.com.
