Home Business Center: How to start a home business

Home Business Center Newsletter May 2008


"Life is too short to wait to live a memorable life."

- Jeanne Moore

  • Mileage Logger Saves Businesses Money
  • Success Tips for Your Business Loan Application
  • eBay's New Rules
  • They'll never Know it's VOIP
  • Home Business of the Month: Doing What You Love
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Mileage Logger Saves Businesses Money

Do you drive for work?

If you drive to meet clients, deliver products or provide a service, tracking your mileage is a way to deduct your auto expense.

Although a great business deduction, it can be a hassle to keep track of miles driven and difficult to prove the deduction, until now...

Mileage Logger is a new device on the market that automatically logs driving miles. It's a portable and compact GPS/Cellular device that you plug into your car. Mileage Logger is an indispensible tool for business owners and anyone who drives for business.

View a free demo online to see how this cool, one-of-a-kind product works.


Success Tips for Your Business Loan Application

It's getting tougher and tougher these days to get any sort of loan. Don't give up yet! You do have some control over your options. Before you apply for a small business loan, prepare yourself with positive borrower attributes that lenders are looking for, and you'll have better success.

Demonstrate how you plan to turn a profit or boost revenues. Banks are more likely to lend money to those who are able to pay them back. If you're just starting out, draw up a business plan.

Don't know how? Check out this free online webinar >> How to Write a Business Plan

Open a business bank account with the bank you want to borrow from. Some banks offer free business banking services with accounts that you can open online. Business Bank Accounts Online

Get a DUNS #, an identification number assigned by credit-rating company Dun & Bradstreet.

Check your own personal credit and clear any possible negative marks. You can request a free credit report each year.

More loan options: unsecured business loans


eBay's New Rules

Recently, eBay has changed their fee structure for sellers, upsetting some business owners enough to take their goods and sell elsewhere. Read more here >> eBay Sellers Selling Elsewhere

The good news is that eBay sellers have options!

The first is that you are able to sell your items in various online auction venues (OnlineAuction.com, eCrater.com) - some of which don't even charge a fee for sellers to list items.

And second, and too obvious that you might have overlooked it, is that if your products SELL at higher prices, this automatically covers the increased eBay fees.

So how do you get your auctions to bring in more money? Here are 10 tips from eBay Selling Expert Urban Sotensek that will Increase Your eBay Auction Profits


They'll Never Know it's VoIP

If you want to keep your current phone number, but want the cheaper rates of internet calling, we recommend Vonage Internet Phone Service.

You can get unlimited local and long distance calling, with low international rates. Vonage also includes over 25 premium features (like you'd find on a regular phone) with their program - at no extra cost to you.

It will be like you never switched over - but your phone company stopped charging you so much. Some of the premium features included in plan:

  • Voicemail, Call Waiting, 3-Way Calling, Call Forwarding
  • Call Transfer, Call Return, Repeat Dialing
  • Caller ID with Name, Called ID Block
  • See more: http://www.vonage.com

Home Business of the Month: Doing What You love

Every month I try to find cool, new business ideas to write about. So what is the new, cool business this month? Well, if YOU'RE doing it, it's got to be all about what YOU love.

Easy as that may seem, many times we don't know what that is. We're so caught up trying to create an incredible business, make lots of money or just pay the bills that we don't ever think about if we'd enjoy doing it.

If you want to start a business, but you don't know what you want to do, think about what you like to do in your spare time. What are your hobbies? What type of activities do you spend your money on, your time thinking about or your energy doing? How could you incorporate these activities into a business that makes you money?

  • Are you creative? You could create and sell a product (or create it and have someone else sell it).
  • Would you rather offer a service? You don't have to have specialized knowledge or an advanced degree - pet sitting is great example of how you can provide a simple service and make good money while enjoying your work.
  • Can you write? You can offer useful information about virtually anything and have a great career as a travel writer, food writer or movie critic. You can start small - publishing basic ebooks and offering them online - with low overhead and hardly any risk, you have the opportunity to turn a sizable profit in no time. Of course, you can also write worldwide bestsellers.

There's no one saying you can't.

Here is a great resource to help you discover what you love and start a business doing it:


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