Homebiz-Supermarket Blog

Start A Home Business With GDIdmon

Tuesday, December 22nd, 2009

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GDI is one of the best home based business opportunities around, having done so well within a short period of time.

What is GDI?
GDI is the abbreviation for Global Domains International and is a company based in Carlsbad, USA which is involved in Domain registration, Web hosting and it is an Income opportunity in its own right. It’s affiliates, apart from owning domain names with the WS label (as opposed to COM) and hosting their websites with the company, are also involved in marketing the domain name WS to prospects, for a commission. It is one of the home based business opportunities anyone starting a home business will want to look at.

Prior to GDI
Prior to the incursion of GDI into the domain registration business in the year 2000, the landscape was such that .COM almost exclusively dominated the scene. The market potential was and still is very inviting with only about 34 million domain names registered world wide even up till just a few years ago. About 20 million of the market share was dominated by .COM and that is gradually changing with the incursion of WS.

Industry experts forecast that more than 500 million domains will be registered in the next ten years. In fact, reliable sources from companies like Intel are predicting that every personal computer in the future will have its own domain name. This is thus a home business with great potential for those trying to start a home business.

Origin of GDI
GDI sprouted from the gap already identified above that exists for marketing domain names, The most ideal domain name source was traced to be that of the tiny island nation of Samoa, deep in the South Pacific. Interestingly, the name WS allocated to the country was a good abbreviation for Web Site and so could be successfully marketed worldwide as the ‘Web Site’ top-level domain.

After eventual successful negotiations with the authorities of Samoa, GDI began its journey towards becoming one of the most successful home based business opportunities of all time and thus a goldmine for those who want to start a home business.

Management of GDI
CLICK HERE NOW!Alan Ezeir of United States is the President of GDI and a co-founder of GDI. He earned his Bachelor’s Degree in Political Science from UCLA and is responsible for multiple strategic projects at GDI; setting guidelines for meeting revenue goals, providing crucial leadership in generating new revenues, projecting sales forecasts, and monitoring the company’s cash expenditures. He also manages the accounting, finance, contractual, and operations of GDI.

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Michael Reed is also a co-founder and is the CEO of GDI. He, Reed, majored in Sociology at the University of California, Los Angeles (UCLA). He has been involved in entrepreneurial activities for more than 15 years and has extensive knowledge in direct marketing and affiliate marketing distribution, as well as in software systems necessary to track agent sales and activities. He oversees, directs, and integrates the creative and marketing departments, as well as the technical division of Global Domains International, Inc.(GDI), which currently maintains the Registry for the Nation of Samoa’s Top Level Domain, “.WS”.

Josh Elliott is an advisor to GDI. He was the former Administrator of IANA (the Internet Assigned Numbers Authority) and meets regularly with Reed and Ezeir to discuss effective marketing strategies and the state of the domain name industry.

What are the advantages of been an affiliate with GDI?
A domain name you must get, if not many, if you are to start a home business, as this is the address for your business. It is a question of deriving other benefits from an investment you must make at any rate.

Once you have a domain, you do not have to spend any additional money to host. In short, the domain fee already incorporates hosting.

The importance to SEO(Search Engine Optimization) of having a carefully picked domain name cannot be overemphasized. With the near saturation for suitable domain names in the home business niche for .COM users, the appropriate alternative is to look elsewhere, that is, towards .WS in achieving this objective.

The monthly subscription which is actually payment for the domain name and hosting is a mere $10/month and so quite affordable for those just “cutting their teeth” in internet marketing. That even only takes effect after you have had 7-days without any payment to test-run the system. You therefore have no commitment and can simply leave if within 7-days you find out the system is not for you.

You are not bound to automatically host with GDI. Even though the fee remains the same whether you host with GDI or not, at least you have the latitude to pick whatever host you choose while still retaining the income potential if you so wish.

Using re-directs with GDI.
Even if you already have a domain, you can diversify and have another with GDI(WS) which you can have the domain you are already using redirected to. This for example can serve the purpose of a good domain name for SEO purposes such that you do not loose the traffic and benefits of all the efforts you have put into your current domain name while you gradually wind that down and concentrate exclusively on marketing the new WS domain name.
If you are also just starting a home business and sentimental about having a .COM domain at all cost, you can still “have your cake and eat it” by having a WS domain name alongside and this time around also for SEO purposes, redirect from your WS domain to your .COM domain and continue to use both indefinitely.

GDI’s SiteBuider
SiteBuilder is GDI’s template driven WebSite design interface. It easily allows you to get a WebSite up-and-running in minutes without using special software. Everything is completed from within your Internet browser.

Ease of paying subscriptions and collecting commissions for International members.
No doubt, International members wishing to start a home business have a viable option here. It is common knowledge that International members quite often have problems either with paying subscriptions or receiving commissions or both for many affiliate programs. This is not the case with GDI as they accept 2CheckOut in paying subscriptions and also pay commissions by various options, including checks.

“Putting your money where your mouth is”.
I for example use the WS domain with my domain name as top-home-biz and reluctantly had to relinquish hosting with GDI just to meet the requirement of my online business training program which uses another hosting company.

Tags: domain registration, GDI, Global Domains International, site builder, start a home business, web hosting
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Starting A Home Business – Matching, Cashflow & Profitability

Friday, December 18th, 2009

In starting a home business, the importance of the “Matching, “Cashflow” and “Profitability” concepts from the accounting point of view, cannot be over-emphasized.

Probably because I am a professional (Chartered Accountant) versed in that field, I notice a rampant non-adherence in home business online to this accounting concept, “Matching”. There is also a thorough lack of understanding of the meaning of Cashflow and Profitability all of which ultimately are major causes of failure of most home businesses.

The Matching Concept in accounting simply states that revenues earned in any accounting period must be matched with the expenses incurred in that same accounting period.

Cashflow is basically the expression of cash/funds that are received as against cash/funds that are spent within the same time period.

Profitabilty involves a matching of revenues(not cash) with expenses(not cash) incurred within the same time period.

Let us first start with “Cashflow”
Applying this to a home business, it is important that if anybody starting a home business wants to succeed, he should ensure that the cash/funds he receives from all sources he has decided to apply to the home business in any time period is at least equal to the amount he disburses on the home business in the same time period, which may be most appropriately, monthly,

Simple, it sounds? In reality, it beats me hollow to see many “Gurus” running training programs recommend to “newbies” many tools, resources, subscriptions which obviously? at the stage the newbies are in, in most cases, they should not be incurring such expenditure. And poor “newbies”, in the belief that they are being “shepherded” correctly, follow hook, line and sinker, the “recipe” of these “Gurus” much to their own peril.

Some “Gurus” do this out of mischief (to sell products/services) but you will be surprised at how many do this out of ignorance of the extreme importance of “Cashflow”.

“Cashflow” is the most important in the short run as a home business making profit in the short run can run out of business with inappropriate cashflow management. On the other hand, a home business making an actual accounting loss in the initial period can survive and ultimately turn around to making profit in the long run.. In fact most businesses start out making an accounting loss in their initial year of operation and turn this round to a profit in subsequent years.

Next to ““Profitability”.
This becomes crucial more in the long run as anyone starting a home business must ultimately ensure his revenues exceed expenses otherwise he will run out of business.

A common misconception however is that the home business must pay for itself almost right from the outset. You will loose a lot of home based business opportunities this way. What is crucial is the ultimate income potential of the home business. In fact only “get rich quick schemes” come this way.

Now to “Matching”
This in the accounting parlance is actually more related to “Profitability” in that it determines the way any profit you earn in your home business will be deemed accrued. Anyone starting a home business must know that the initial outlays in your first few months should not simply be “written off” but should be noted as an initial expense which should be amortised over a reasonable length of time periods and should not be simply “loaded” into any one time period.

What deductions can those starting a home business make from all these accounting terminologies?

- Do not spend more than you have realistically earmarked and is indeed available(budget) on any home business in any time period. In fact borrowing to start a home business is like signing your death warrant as the expected revenues/cash is not likely to come in as fast as you expect.

- The yardstick for determining the success of any home business is not in the speed with which you start earning as indeed you do not start reaping very fast with many successful home businesses while you infact yield initially very fast with some “get rich quick schemes” and ultimately loose much more later.

- You are the architect of your own fortune or misfortune and you should not leave your fate entirely in the hands of any marketing guru purporting to train you in internet marketing but wisely apply the breaks in spending as appropriately explained in this article.

- The decisions to be takan by each one involved in starting a home business is dependent on his particular financial situation. As “Cashflow” is most important, anyone with good cash base should infact make informed purchase decisions even if he would be making an accounting loss initially as this will fasttrack his business while someone with a poor cashflow should bid his time by applying FREE tools which are indeed plentiful on the internet. I say “informed purchase decisions” because availability of cash is no license to go on a spending spree without basis since in internet marketing, you still need time to acquire the necessary training which involves reading relevant materials very widely, browsing forums etc

- You must get out of that home business if within a reasonable length of time you are now not covering all your costs, including the ones you had capitalized which you are amortising over a number of time periods.

- Quantify exactly how much cash is required to “survive” in any home business within the first six months to one year by which time you should hopefully have turned into profit and incorporate this in your cashflow projection to determine if available earmarked funds will be able to finance this.

- Be rest assured that spending much more than comes in initially is not a sign of the failure of an home business or indeed any business for that matter.

You can now make many more other deductions from the explanation of the above terminologies to guide you in starting a home business.

Tags: cashflow, home based business opportunities, home business, Internet Marketing - General, matching, profitability, Starting A Home Business
Posted in Starting A Home Business | 2 Comments »