Having A Successful Home Based Business Made Easy

There are numerous reasons why you might be interested in starting your own home-based business, along with a great deal of doubt, concern and questions. The following article offers some tips and advice to help quell the concerns, and offer resolution to common issues many people face in the operation or start-up of a home business.

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Image by StockSnap from Pixabay

Before starting a home business, be sure to research your market fully. If your product is something that your target market doesn't want or need, you won't get many sales. Rather than spending all your energy trying to force the market to buy your product, spend that energy designing and promoting a product the market wants.

If you are going to splurge on any home office furniture, splurge on a very comfortable office chair. You are going to spend many, many hours in this chair and if it is uncomfortable, you will not be as productive as you could be and you could technically, do damage to your body.

Since your home is also your work place, make a point to get out of the house on a regular basis. Don't isolate yourself for the sake of convenience. Go have lunch in the park, grab your coffee at a bookstore, etc. Just make sure you are out breathing fresh air at least once a day.

If you have a business, then you need a budget. How can you run a cost efficient business without a budget? It is impossible, and therefore imperative that you incorporate a well devised budget into the planning process. This budget should include what your expenses are of course and it should itemize them. Make sure you are thorough and include everything so that you are not misleading yourself.

Use your web site to advertise a free product for visitors. This will increase traffic on your site and give potential customers the ability to sample your product. Although it may cost a little money in the beginning, you should make up for it in sales from impressed new customers.

Do not be afraid to post your email address on your web site. Make sure that you include it on every separate page that you have. You do not want potential customers to search to figure out how to get in touch with you. The more effort that it takes them, the more likely they are to go on to something else without purchasing from you.

Make sure you have a support network before starting your home business. This includes family members who need to be aware of the time commitment involved, as well as an external networks you can reach out to for advice or support. Working from home has numerous benefits, but remaining a part of a group outside your home is invaluable.

Making the decision to start a home business or to invest more time in the one you've already gotten off the ground can be a cause of concern. There's so many questions about what to do, when to do it, how to do it, and why to do it, from marketing to overhead to product choice. Whether you just graduated with your MBA or are a stay-at-home mom or dad, you can simplify the answers to these questions by using the sensible advice in these tips.

I cannot end this article and not mention the GREATEST resource for small business on the entire internet.

It is Markethive and you can explore it HERE.

Maxwell Jacobs is the Owner of http://SolutionsforHomeProfits.com. Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

Are you late to the gold price party if you didn’t buy 6 months ago?

Are you late to the gold price party if you didn't buy 6 months ago?

Should you have bought gold six months ago before the world even heard of the coronavirus, which has triggered surging physical demand for gold and could drive prices to new historic highs?

Challenging times like these always draw new people into the gold market, said The Perth Mint global gold market advisor Kevin Rich.

“Gold is attracting more volume from existing gold investors—[But] times like these also always bring new people in,” Rich told Kitco News on Wednesday.

Even though some investors are now disappointed they didn’t buy gold six months ago, the precious metals market is cyclical and experienced investors will tell the newbies that there are still substantial gains to be made.

Some investors might say: ‘I am late to the party and should have bought gold six months ago.’ But experienced investors know that these cycles come and go. It reinforces the safe haven and diversification benefits that savvy gold investors have seen over the years,” Rich said.

To calm the fearful buyers who are scrambling to find some physical gold bars or coins to purchase in what looks to be a very tight market, Rich said not to worry.

“For now, there is enough [gold] to go around,” he said. “Plenty of gold in different formats available.”

It is important to remember that eventually, all global COVID-19 cases will peak and things will begin to normalize.

“For now, any mining or refining closures I think are temporary. This is a historic one-off event that none of us have ever seen … For now, it seems that we are good, but it depends on how long this event goes on,” he noted. “I would anticipate that the curves will start to come down and things will normalize.”

Whether it will take weeks or months, there is still “probably enough gold above ground to make it through that period.”

The massive worldwide demand for physical gold is easily spotted through The Perth Mint’s own business. In March, the mint’s depository business topped $5 billion in value of the precious metals it has sold and is holding for people.

“That’s a record level for them. They are seeing strong demand from investors. A lot of it is coming from Europe, especially Germany. There is demand from U.S. as well,” Rich said.

And even though The Perth Mint is running low on some inventory items, it is adding additional shifts to its refining output to meet some of that increased demand.

“There has been enormous demand for small bars and coins. Some of the inventory has been depleted. They’ll work hard to re-stock,” Rich pointed out. “There is no shortage of the underlying metal behind the refining. It is really just the question of refining capacity right now.”

For now, the gold price action has mostly been about the financial markets than the supply and demand side of things, Rich added.

“Gold prices are really being set with what is happening in the financial markets relative to equities … But over time, as the dust settles, the physical side will have an impact as some refineries around the globe continue to close,” he said.

Both, the financial markets side and the physical side are very constructive for the gold price.

The COVID-19 outbreak has tested gold’s safe-haven status, which proved to investors how valuable it is to have the yellow metal in their portfolios.

“If you look at how gold has performed through the entire pulldown in equities, it performed reasonably well. There was some selling pressure as people were liquidating all assets to meet margin calls and deleveraging. Overall, it proved to be a safe haven,” Rich said. “The reason why people add it to their portfolios was proven once again as it held up through this period.”

Going forward, gold prices could be looking at another historic run higher, especially considering everything the Federal Reserve has been doing as well as the overall low-interest environment globally, Rich noted.

“These monetary packages that the Fed and other central banks are doing are similar to what happened in 2008. Down the road, nine to 12 months from now, there will potentially be an inflationary effect, which is good for gold,” he said.

The patterns of 2008 resemble today’s crisis — first equities sold off in 2008 and gold was selling off, then the Fed stepped in and gold ran up, which started the 2008-2011 historic gold run, Rich explained. “There are similarities to what is happening now,” he added.

 

By Anna Golubova
For Kitco News

Some price pullback is healthy for gold

Some price pullback is healthy for gold

Consider this, gold has had a price range from Friday’s low ($1457) to Tuesday’s high (1698.60) of $241. If you compare Friday’s opening price ($1470) to Tuesday’s close ($1660) Gold had gained a total of $190 over three trading days. Based on the rapid ascent of gold pricing today’s moderate selloff I believe is healthy.

We have all witnessed markets that have entered what is known as a parabolic rise, or more commonly referred to as a J curve, and on the majority of instances the steeper the climb the harder the fall. Gold has experienced a dramatic price increase from Friday’s open up until Tuesday’s close. Which means that today’s decline of approximately $21 in gold futures is a healthy pullback.

As of 4:45 PM EST gold futures basis the most active April contract is currently fixed at $1640.50. That is just $20 off of yesterday’s close. If we create a Fibonacci retracement from the low of Friday to the high of Tuesday or today, the current decline is approximately at the 23% Fibonacci retracement level. While that is considered a mild pull back, current pricing at $1641.30 is well off of today’s intraday low of $1615.70

Our technical studies currently indicate that major support occurs between $1600 and $1607 which is the 38% Fibonacci retracement. The studies also indicate the first level of minor support at $1643.30, the 23% retracement level.

Another noteworthy aspect of the last two trading days has been that on both occasions traders have moved gold futures as high as $1699.02 days in a row. This creates a candlestick pattern simply known as a tweezer top. This pattern requires two consecutive days to have approximately equal highs. It differs from a tower top or bottom in that that pattern requires multiple candles to find support or resistance at approximately the same price point. We can see an example of that on today’s daily chart which shows a tower bottom occurs at approximately $1458.60.

The other interesting observation about gold pricing over the last few weeks has been the large difference between spot prices and futures pricing. Currently spot gold is trading at $1616.40 which is a net decline approximately five dollars on the day. Compared to current futures pricing at $1643 the differential between April futures and spot gold is roughly $27. In my experience as a former commodity broker, former CTA and now a market analyst I have never seen the differential between spot and futures most current month being this large.

What is more perplexing is that spot is currently below futures pricing and according to a report in MarketWatch, Josh Strauss, partner at money manager Perkin Hardy Strauss in Chicago says that “there is no gold. There’s roughly a 10% premium to purchase physical gold for delivery. Usually it’s like 2%. I can buy a one-ounce American Eagle for $1,800. Kitco reported today that it was out of almost all standard 1-ounce gold coins. American eagles and buffaloes, issued by the US Mint are both out of stock.

Which beckons that we ask the following question; if there is such a shortage now why is spot pricing in gold below the most active April contract of gold futures. One plausible explanation would be that the expecta

Wishing you as always good trading,

 

By Gary Wagner

Contributing to kitco.com

What Makes You Happy?

What makes you happy? Have you thought about that? I don’t mean winning a lottery happy, but everyday little things? Recently a dear friend of mine asked me that question.

I had just gone through an extremely difficult time, experienced a huge loss, as well as significant challenges in many areas of my life, all at the same time. I don’t know about you, but I tend to keep these things to myself. I decided, however, to share with her during one of our regular catch up calls what was really going on in my life at the time, instead of putting on a happy face and positive spin on everything, I spilled the beans.

By the way, it’s perfectly OK to feel down and unhappy, just don’t stay there. Recognize and acknowledge the feelings, feel them, then make a decision to let them go. For sure this is way easier said than done, but the choice really is yours. Focus on the good, be grateful.

So, after pouring my heart out, and sobbing, and sharing with her all the stuff that was and had been going on in my life, she said four little words – what makes you happy?

What? Had she not been listening? I told her that I didn’t know what made me happy, nothing made me happy, everything was going wrong in my life. Then this dear friend, who obviously listens when I speak to her, proceeded to list several things that I had told her in the past that I enjoyed and made me happy. Not one or two things, not big winning the lottery things, but small everyday things that I had shared with her that brought joy to my life.

Things like a sunny day, warm weather, the home where I live, the people in my life, the work that I do, watching old movies, eating potato chips, reading a cozy mystery – nothing big or extraordinary, but all the little things that make me happy.

She pointed out that it was time to shift my focus. So, I started to ask myself several times throughout the day, what makes me happy? I found myself thinking that catching the green light makes me happy, a really good cup of coffee makes me happy, my boots make me happy, a warm coat makes me happy – I’m sure that you get where I’m going with this.

It is so easy to get sucked into the quagmire of negativity. Often, we’re not even aware that we have done so, until someone reminds us, or we have an epiphany and ask ourselves how we got to this negative place. And let’s not forget, what we focus on expands.

After a few days of asking myself several times during the day what makes me happy, I began to shift my focus and simply started to feel joy and gratitude for all the wonderful, simple things that really make me happy. If you think about it, it really is the small stuff that brings the most joy into our lives on a daily basis.

Now it’s time to ask yourself, what makes me happy?

And to my dear friend, I say thank you for reminding me of what is important in life.

Best Regards To You From,

Goran B Edstrom – PROUD MarketHive Entrepeneur ONE Member.

https://www.youtube.com/watch?v=h5r5jjW75kc&feature=youtu.be

Get ready for 2500 gold price this summer – B Riley FBR

Get ready for $2,500 gold price this summer – B. Riley FBR

Massive gold price revisions are hitting the market this week as analysts estimate the impact of the COVID-19 crisis, with one investment bank upping its Q3 and Q4 gold price forecasts to an impressive $2,500 an ounce.

Citing unprecedented fiscal and monetary policy stimulus, B. Riley FBR analysts said on Tuesday that they expect gold to surge to $2,500 an ounce in Q3 and continue to trade at those levels in Q4.

“It has not been our practice to forecast gold price,” wrote B. Riley FBR’s analysts. “[But] due to our conviction in rising gold prices, we are meaningfully raising our gold price deck … to $2,500/oz in 3Q20 … and we feel compelled to align our 12-month price targets to this view.”

The main driver will not be a potentially deep recession or another major drop in equity markets, but extremely low rates along with “unprecedented fiscal and monetary stimulus,” the analysts said.

“Regardless of how much longer recession conditions will continue and how much further general equity markets might retreat, extreme monetary and fiscal stimulus policies being enacted on a global basis will have repercussions,” B. Riley FBR’s note stated. “These repercussions will likely parallel 2009-2011, and drive gold price to new highs.”

Gold miners will greatly benefit from this surge in prices once the economy begins to return to normal more or less, the analysts added.

“We believe the current macro environment has been primed to drive gold prices to the $2,500/oz level. During such a gold price ascent, gold will be the best performing asset class, and gold related equities will be the best performing equity sector,” they wrote.

The investment bank advises its clients to “overweight gold and gold-related equities, and hold a market cap weighted portfolio of our favorite names: NEM, RGLD, PVG, SSRM, and CDE.”

“We also recommend our favorite pre-producers (GSV, SA, SILV), which we view as most likely to be caught up in an M&A wave associated with rising gold prices,” the analysts added.

 

By Anna Golubova
For Kitco News

Blockchain Is Now the Most In-Demand Skill on the Planet: LinkedIn

Blockchain Is Now the Most In-Demand Skill on the Planet: LinkedIn

Blockchain Is Now the Most In-Demand Skill on the Planet: LinkedIn

By Daily Hodl

A new report from the social network giant LinkedIn says blockchain professionals are in demand in 2020.

The report places blockchain at the top of a list of “hard skills” that are highly sought after – above expertise in cloud computing, analytical reasoning, artificial intelligence, user experience design, business analysis and affiliate marketing.

“Blockchain was born in 2009 to support the use of cryptocurrency.

But blockchain’s novel way to store, validate, authorize, and move data across the internet has evolved to securely store and send any digital asset. The small supply of professionals who have this skill are in high demand.” 

A recent study from Indeed found that the number of jobs in the blockchain and cryptocurrency industry increased 26% from 2018 through 2019.

Although the report says employer demand has “skyrocketed,” it also shows searches for Bitcoin, blockchain and cryptocurrency roles fell 53% in the same time frame.

“Employers, however, are doubling down on these tamper-proof blockchain technologies, which means there’s likely lots of opportunities for job seekers with these skills or interested in this industry.”

According to the study, the top job openings in the world of blockchain are for software engineers, senior software engineers, software architects, full-stack developers and front end developers.

Artice produced by Daily Hodl

https://dailyhodl.com/2020/01/20/blockchain-is-now-the-most-in-demand-skill-on-the-planet-linkedin/

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What is your spinach actually worth?

What is your spinach actually worth?

Plants derive nourishment and trace minerals from the soil. We in turn get these vital nutrients from plants and animals that eat plants. At least that’s how it’s supposed to work. At the esteemed Rio Earth Summit hosted by the United Nations, it was presented that soil measured across all continents was depleted by 74% to 85%. That was in 1992.

Soil depletion is one of the most significant threats to global health in modern history. The nutrition we derive from our food is not what it used to be, or needs to be. Not even close. Take a cup of spinach from the 1950’s as an example.

Today, you would need seventy cups of that same spinach to get the same nutrient value. Fulvic minerals are the missing link to optimal health and can significantly help bridge this gap.

“The building blocks present in the metabolic machinery of humans are, in the great majority of cases, exactly the same as the building blocks contained in the metabolic machinery of other organisms of extremely different types.”

-Roger J. Williams, Pioneer in Biochemistry and Nutrition

Giving your body what your body is made of.

Fulvic minerals are the end product of the decomposition of organic matter. Ancient compost if you will. Fulvic acid is the smallest particle of that compost and carries all the nutritional information, anti-oxidant capacity and genetic coding of everything in that ancient compost.

Black Oxygen Organics has the sole extraction rights to one of the richest living sources of fulvic minerals in the world, an uncontaminated, fulvic acid-rich peat bog in the Ottawa Valley in Ontario, Canada. Sustainably extracted, purified and delivered in liquid form, this superior fulvic acid supplement nourishes your body with the building blocks it knows and needs to renew and regenerate itself.

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Gold silver prices soar inflation on horizon?

Gold, silver prices soar; inflation on horizon?

Gold and silver prices are trading sharply up in midday U.S. futures trading Monday. Prices shot from modestly higher levels overnight to sharp gains following an early-morning announcement from the Federal Reserve that the U.S. central bank is very aggressively buying more securities, including mortgage-backed, and also will open up a “main street” lending facility. The Fed used the term “unlimited” on amounts it will spend. U.S. stock indexes initially shot higher on the news but quickly sold off again. April gold futures were last up $65.30 an ounce at $1,550.30. May Comex silver prices were last up $0.505 at $12.895 an ounce.

Today as I watched the TV business news channels continue to report dire news on the economy, and stock and financial markets–in particular a national movie theater official who said there is not one single member of his association that is making one single dime at present—I pondered the following as my wife and I have been holed up for two weeks in my rural Midwest home on a dead-end road: When this coronavirus panic has run its course and the severely impacted people worldwide return to a normal way of life, it seems that all of the world that has been pent up for what will likely have been so many weeks will want to get out in the public and do some things, and be some places and enjoy life again! That means a surge in retail demand, especially at entertainment-related businesses. That potential massive surge in consumer demand is likely to be temporary but there are a few stock market forecasters saying the stock indexes will be back at record highs by next year. Importantly, after the U.S. and other major central banks of the world have flooded their economies with massive sums of cash, it seems that pent-up consumer demand could be even stronger. My college economics classes taught me that when you combine higher consumer demand with money that has flooded the banking system it is a sure signal for price inflation—and maybe problematic price inflation at that. Ironically, after so many years of low inflation, it may have taken a crash in the world economies into near depression levels to restart price inflation trends that up until a dozen years ago had been rising at significantly higher annual rates. When I got into the commodity markets industry full-time over 35 years ago, I also learned that price inflation is bullish for raw commodities, and especially for gold. And after over three decades in the business I do know that price history in markets repeats itself. I could be off the mark on this rising inflation theory, but one cannot argue that the elements for such occurring are or will be in place. Let me know your thoughts. I enjoy hearing from my valued Kitco readers all over the world. jwyckoff@kitco.com

Global stock markets were lower in overnight trading. U.S. stock indexes were locked limit down in overnight trading as the U.S. Congress over the weekend failed to agree on a financial aid package for U.S. businesses and citizens, which was being blamed for the even more dour marketplace mood to start the trading week. There are midday reports that the U.S. Congress is close to agreement on a bailout package.

The Covid-19 outbreak continues to spread worldwide, with the U.S. economy shutting down even further as many states, including New York and California, have been locked down by their governors. Focus in the U.S. is on a shortage of medical supplies. Local health officials are now asking for the public to donate any supplies such as masks and gloves that they have at home. U.S. Senator Rand Paul has been diagnosed with Covid-19. Over the weekend much of the American public came to the stark realization the U.S. is not going to remain on lockdown for just a couple weeks, but instead for a period likely at least twice that long and probably even longer. China-U.S. relations are becoming more strained as President Trump now refers to Covid-19 as the “China virus,” which has angered the Chinese people.

The important outside markets today see Nymex crude oil prices weaker and trading around $22.00 a barrel. The U.S. dollar index is weaker after hitting a three-year high overnight. The 10-year U.S. Treasury note yield has dropped to around 0.78% Monday after trading above 1.0% last week.

Technically, April gold futures bulls and bears are back on a level overall near-term technical playing field as a steep price downtrend on the daily bar chart has been negated. Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,600.00. Bears' next near-term downside price breakout objective is pushing prices below solid technical support at today’s low of $1,484.60. First resistance is seen at $1,575.00 and then at $1,600.00. First support is seen at $1,525.00 and then at $1,500.00. Wyckoff's Market Rating: 5.0

May silver futures bears have the solid overall near-term technical advantage as a steep price downtrend is in place on the daily bar chart. A bearish pennant pattern may also be forming. Silver bulls’ next upside price objective is closing prices above solid technical resistance at $14.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $11.00. First resistance is seen at $13.23 and then at $13.50. Next support is seen at today’s low of $12.29 and then at $12.00. Wyckoff's Market Rating: 2.5.

May N.Y. copper closed down 870 points at 208.40 cents today. Prices closed near mid-range today and closed at a three-year low close. The copper bears have the solid overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 234.15 cents. The next downside price objective for the bears is closing prices below solid technical support at last week’s low of 197.25 cents. First resistance is seen at today’s high of 214.65 cents and then at 217.50 cents. First support is seen at 205.00 cents and then at today’s low of 202.05 cents. Wyckoff's Market Rating: 1.0.

 

By Jim Wyckoff
For Kitco News

Gold price dips below 1490 ounce Asian markets trounced

Gold price dips below $1,490 ounce, Asian markets trounced

Worry is still gripping world markets in the face of the COVID-19 scare.

Markets are looking for cash and precious metals are getting dumped. On Sunday evening gold dipped below $1,490 ounce, a four-month low. Silver dropped below $12.30 ounce before recovering.

Platinum bucked the trend and traded up, reaching a high of $625 ounce. Palladium was up, too, breaking through $1,580 ounce.

Pacific-Asian stocks are down. Hang Seng opened 5% lower at 21.659. The S&P/ASX 200 is off nearly 6% as of midnight ET.

Dow futures tumbled 900 points on Sunday, tripping the 5% allowable limit and halting further trading, reported CNN.

Reuters reported that oil prices are off more than $1 a barrel at the start of the trading session on Sunday.

Markets are waiting for some monetary action. The U.S. Congress is wrangling over a $1-trillion economic stimulus bill. The bill was held up on Sunday, but negotiation is resuming. A week ago the Federal Reserve acted, slashing the federal fund rate between 0 and 1/4 percent.

 

By Kitco News
Sunday March 22, 2020 22:12

Gold Price in India 22nd March 2020

Gold Price in India (22nd March 2020)

Gold Mar 22, 2020 India ₹3,962 /Gram(22ct)

Gold has over the years been a perfect hedge against inflation. Investors are increasingly looking at gold as an important investment. Goodreturns (OneIndia Money) is providing gold price in India herewith for our readers informational purposes only. These gold rates are updated today and are sourced from reputed jewellers in the country.

 

 

The Social Media Expert