Category: Home Business Questions

Create multiple income streams from one idea

Dear WAHFAQ, I took your work at home class several years ago and I remember you speaking about all the different ways you made money with mystery shopping: as a shopper, consultant, author, instructor, etc. Can you remind me about how the rest of us can take our talents and diversify our income? Entrepreneurs are “idea fountains”, never lacking ideas for starting a brilliant new venture. But how many times have you sat down with ONE brilliant idea and found many ways of earning income from it? The point of this exercise is to take your passion and look at…

Save cash and barter for your small business instead

Dear WAHFAQ, I’ve had a lot of hidden costs in starting my business. Things I didn’t even think to think about! Do you have any suggestions for keeping costs low while I get started? Before the time of MasterCard, Visa and Amex, people paid for things by cash or bartering. As a new business, bartering is a wonderful way to trade services and products for other, well, services and products. You’ll save your cash flow for bills instead of other necessities. I love trade. Don’t get me wrong, I do still much prefer earning money for my skills, but if someone…

Reverse Marketing: Your way to millions

Dear WAHFAQ, What do you think is the quickest and easiest way to make money from a business? In the traditional business mentality, many times companies (or individuals) will create a product or service and then head out to find their customers. They spend way too much time and money trying to convince potential customers that their thingamajig is useful and needed and better than the competition’s thingamajig. Reverse Marketing, however, employs a much simpler approach: find a group of people who have a need, and then fill it. Yes, it seems like this concept would be in Business 101,…

You need to stop reading and start doing!

Dear WAHFAQ, I’ve been wanting to start my own business for several years, but I’m a bit overwhelmed at everything that needs to be done. I’ve taken a few entrepreneurship classes through my local college, and have been reading a lot of blogs online, not to mention going through a ton of podcasts, and I just feel like there is too much to know. I’m afraid of making a mistake, but I really want to do this! Many years ago, I was in an acting for film class held by a casting agency in Seattle. For introductions, we went around…

Why I hate MLM and Direct Sales

Dear WAHFAQ, How on earth can you sing the praises of MLM and Direct Sales companies? They’re nothing but scams! I have lost so much money with them it isn’t funny. What is wrong with you? How I love fan mail 🙂 It’s true that I love MLM and Direct Sales. Moreso the opportunity itself than any one particular business. But I do believe someone should evaluate an opportunity before signing up. There are many good aspects to the industry, but, there is a lot about it that I don’t like. So, let me give a bit of balance to…