Post about "entertainment"

How to Start a Lifestyle Business?

Has it ever crossed your mind what actually constitutes a lifestyle business? Many people normally dream of a lifestyle but lack the true understanding or have a concrete plan. This is a very important subject because there many people join network marketing businesses with dreams of fancy lifestyles but with absolutely no understanding of what it actually takes in order to succeed in this business.

In fact, most people are lured to become members after seeing a slick presentation or being persuaded by friends or family member without the slightest idea of what they are getting into. This is why they get disillusioned when they do not notice tangible results for their efforts.

Cash Flow

Cash flow is one of the most important aspect of any lifestyle business. It is cash flow that pays your bills and determines your lifestyle. If you have huge cash flow your business will definitely thrive. On the other hand, if you lack cash flow, your business will most probably collapse.

Digital Products

Traditional network marketing companies selling physical products only give out 5% to 21% commissions depending upon the achievement level of an affiliate. Digital products companies selling information and entertainment products give out as much as 50% to 100% of their profits to affiliates. They can afford such high commissions simply because after their initial development they do not incur any additional costs e.g. manufacturing, distribution or warehousing costs. Importantly digital products can be delivered instantaneously which is an important criteria in today’s instant gratification world.

Digital products can also be sold to clients anywhere across the globe. With digital products the entire world becomes your oyster while in the case of physical products, companies have to seek local government approvals to set up infrastructure e.g. warehouses and distribution channels prior to finally launching their products into the market.

In case of a physical product network marketing company, whenever any country opens up for business you are forced to travel and physically launch the product in that country. This process requires a lot of effort, time and is very expensive.

Most physical products have safety issues and need to be demonstrated to new clients and affiliates for proper usage. This is a time consuming process as the training new affiliates is real hard work. The above reason explains why not a single product company will encourage affiliates using a blog or website for marketing the business due to fear of product misrepresentation.

Traditional network marketing companies only allow you to promote the company’s affiliate website which takes the sting off your e-commerce marketing effort as thousands of other affiliates are also promoting the same website hence significantly reducing your chances of ever standing out from the crowd.

Remember, digital products have no safety issues hence most internet based companies understand and encourage e-commerce and help you with global marketing.

The basis of a lifestyle business lies in selling digital products that pay higher commissions, have global markets open instantaneously and the business operations can be automated.

Retention Rates

Retention of affiliates is another important aspect of network marketing. It is pointless to join a company with very poor affiliate retention rate. This is because your hard work will go to waste if large number of affiliates drop out from the business. It is impossible to have a lifestyle business with a low affiliate retention rate.

Physical product companies have an average retention rate of approximately 8%. In case you are an outstanding leader with a great training program then chances are your retention rate will increase around 10% to 15%. These are industry standards.

Building a network with high attrition rate requires extreme hard work and persistence. If you wish to earning a lifestyle income through network marketing then your retention will have to be closer to 100%. Also ensure that your business is sticky to avoid having affiliates dropping out. This is only possible if affiliates start making money within couple of weeks if not month of joining the business opportunity. It is obvious that no one will drop out of your organization especially when they start seeing cash flow and profits from their business.

Profit Sharing Model

Innovative companies are offering profit shares in order to improve retention rate of affiliates. Profit sharing helps new affiliates earn money even if they don’t sponsor anyone. What’s more, once a new affiliate makes money it becomes much easier for that person to refer and sponsor more people into the business.

100% Commissions

This is another business model that works perfectly with lifestyle business model. Believe it or not some innovative companies are offering 100% commissions on sale of their products. By simply making a single sale affiliates are able to recover their initial investments and with their second sale they are in profit.

Residual Income

The business that you choose to join must guarantee you steady cash flow and also build residual income if you are to create a sustained life style. Remember, smart businesses are those which not only create cash flow but also guarantee quick residual income.

Leverage

Applying leverage can help reduce your time and effort consequently making a lifestyle business possible. Without leverage you will not be able to enjoy your wealth or have free time to pursue other dreams. To have leverage you’ll need to have technology and business systems. Every successful business has proper systems put in place. Systems give you the leverage to enjoy lifestyle business.

Simplicity

The business you join must embrace the principle of simplicity. The business may be complex but it should be easy to operate on a day to day basis. This is actually the reason why McDonald franchises are so successful. It’s because of simplicity. A business should be designed by a genius to be run by ordinary folks.

The Right Team

Joining the right network marketing team is the highest leverage you can apply in your business. This is because a professional team gives you support, training and the necessary systems for not only you to succeed but also the prospects you sponsor into your business.

A Brief History of Home Entertainment

The concept of home entertainment and indoor recreational activities changed when home electronics invaded our lives. One can say that access to numerous electronic products at home has revolutionized the idea of what constitutes a complete home entertainment. Nowadays, anyone can have immediate access to every kind of electronic entertainment via different media within the comforts of their homes. They can have their choice of entertainment which may range from the latest DVD players, radios to the wireless internet connection which offers them the convenience of mobility. Advancement in technology has gifted us with loads of home entertainment options ranging from radio, television, CD, DVD players, home theatre system, games consoles and so on.Music has always been one of the most preferred leisure activities. It found its way into our home through the long playing discs and the gramophone. Of course with the coming of radio a decade later made music a more widespread home entertainment. Before the advent of the CD or DVD player, the radio was the most popular home entertainment system available. Though there were some juke boxes available in the local pubs or salons where one could listen to a song of their choice at home there was only the radio. With radio, the choice of listening was however quite limited as people had to listen to the songs that the radio channels would play, even though some of the stations would at times play the selected numbers based on listeners’ requests. But there were no complaints as there wasn’t anything better for decades to come.Initially, when television had not yet become an everyday part of our lives, the visual entertainment strictly meant those theatres which had large screens to view a movie. Things changed dramatically with the invention of the television in the initial phase of the 1950s. The television was a complete wonder in the days when it was discovered. People did not have to restrict themselves anymore to music as their only entertainment at home. They could actually watch a full length movie in the comfort of their own home.Not only movies, this small wonder box started entertaining people with more and more new ideas, programs and techniques. Television has been considered as one of the pioneers in the history of home visual entertainment. Of course it provided more than just entertainment. With news and special documentaries, TV soon became the most important source of amusement. The long playing discs were also a part of home entertainment which was an early discovery. While radios, LPs and television made a permanent place in everyone’s home, the quality of sound in those times essentially required tremendous development.Good sound systems and speakers stared to develop in the mid 1970s. Various technologies were discovered to enhance the quality of sound. And with the music genres like rock, pop and discos coming into being, there was a specific and urgent requirement for good quality sound systems. Thus the electronic giants did not stop producing recorders and put more emphasis on amplifying and equalizing the sound to give it a new dimension.Good quality sound systems were specially designed and created for homes which produced outstanding music. Woofers and subwoofers along with various amplifiers equalizers and multi channel audio were being used to produce crisp stereophonic sounds.However, this concept took a back seat when CD and DVD players came into existence. During the end of the ’70s and early ’80s some of the electronic giants worked in collaboration to develop the world’s first Compact Disc system. Experts proved that this CD player was quite compact and lightweight with its unique durability. For music lovers it was truly a boon. At the same time this CD system opened a new window in the audio equipment industry.Compact discs were more durable than any other long playing discs or tapes. Thus the CDs removed all other music disc and tapes from the market and held prominent position. The 80s and early 90s saw a vast improvement in the technology of compact disc systems. It became very popular with people because of the crystal clear sound it produced and was affordable. These CDs not only stored music, it was versatile enough to store movies, data, pictures or even software.Along with CDs a much improved device which actually revolutionized and changed the entire system of home entertainment is the DVD or digital versatile discs. These discs are powerful and large enough to hold two movies in one. It stores data digitally and is more durable. The scratch proof technology of the DVD players also makes the DVDs last a long time. Both music and movie buffs felt delighted when the DVD player came into the market. Recent survey statistics reveal that the DVD player is the most successful product of home entertainment. It was introduced in the year 1997 and has reached great heights of success ever since.Nowadays, people can have the same effect of a movie theatre in their homes. With the latest DVD players, LCD screens and the sound systems with woofers, sub woofers and multi channel audio systems, anyone can have a fantastic home entertainment system with high quality sound and spectacular visual effects. The plasma and LCD screens are high resolution televisions which started to develop in the latter half of the 1990s and these sleek televisions enabled the viewers to experience digital sound and vision with fantastic picture quality and various advanced features.With the invention of DVDs and a major development in the visual media such as Plasma and Liquid Crystal Display or LCD in the late 90s gave home entertainment its latest technical dimension. With it, the meaning of home entertainment changed significantly with more and more people installing the home theatre systems with newest gadgets and technologies.