Industrial Process

Archive for September, 2009

7 Big Reasons To Invest In PreForeclosures

Looking for an in to real estate investing?

Working a nine to five job swapping time for money can be incredibly dispiriting. After the futility of it all hits home its all you can do to limit the number of home business opportunities you investigate to twenty per week.

One of the more compelling home business opportunities is real estate investing. Real estate investing is the perennial wealth builder and the transition from working a job to achieving wealth through real estate investing is becoming increasingly well documented.

Youve probably thought about investing in real state yourself but youve not gone for it because you thought you needed tens of thousands in savings for a down payment and perfect credit along with strong banking relationships.

Well you can get all that together if you want. It doesnt hurt to have those resources. But its not necessary to have a huge pile of cash and perfect credit to buy a house cheap and resell it for a profit.

Its especially not necessary in the preforeclosure market. Preforeclosures are houses in the default phase of foreclosure; where the bank has filed initial foreclosure papers but the Sheriff Sale or Trustee Sale where the bank auctions off the property or repossesses it if noone buys at the auction hasnt occurred yet.

Buying during the preforeclosure period is one of the best ways for anyone to get involved in real estate investing. With little more than a few hundred dollars and some specialized knowledge you can buy a house at a substantial discount and resell it retail picking up a five figure profit check in the process.

Dont believe it?

Well let me give you seven reasons why its true:

1) When people are in default on their mortgage they have stopped making payments to the bank. So when you are negotiating with the seller and the bank right up until the point where you buy noone is making the payments. For novice investors worried about holding costs this is a huge advantage.

2) Preforeclosures are a very well defined niche market. One of the most deadly mistakes rookie investors make is trying to be a jackofalltrades going after any and everything they can lay their eyes on. The result of this lack of focus is they are soon back at their jobs. By being a very defined market preforeclosures allow you to develop focused marketing campaigns and standardized processes to get deals completed and closed.

3) One of the fundamentals of real estate investing is contacting and talking only to motivated sellers and avoiding all the rest. Sellers in preforeclosure are some of the most motivated sellers you will find. Their world has been turned upsidedown they are about to lose their house and their motivation is such that they just want out of the house and the bank off their back. By buying houses from people in preforeclosure creating 30 equity spreads on houses often in good condition is not a difficult thing to do.

4) Buying houses in preforeclosure enables you to create unusually large equity spreads. Recent economic uncertainty has caused a lot of foreclosures and rising rates will cause more in coming years. If banks had to take back all of the properties that went into foreclosure the FDIC would shut them down. They know this so they try not to take properties back they dont have to. By requesting the Lender discount what is owed on their payoff large spreads of equity can be created on houses that are totally maxed out with loans. This cant be done on loans not in default.

5) Because Lenders are under pressure to liquidate bad loans rather than take the property back large discounts can be negotiated. After becoming familiar with the issues that cause Lenders to discount larger and larger discounts can be achieved as you hone your negotiating skills.

6) If your plan is to buy and hold the property having good enough credit and financials to get bank financing excludes a great many people from getting into real estate. On top of that if you do get a bank loan your financial exposure is at its maximum when everything is in your own name and personally guaranteed. Buying houses in preforeclosure allows you to simply take over the existing financing already in place. No qualifying needed. You can take title to the property in a Land Trust begin making payments on the existing mortgage(s) and still get all the tax advantages appreciation depreciation without any of the risk of being personally liable for the mortgage and the property.

7) If you have ever bid at auction for property at the courthouse steps you are only too aware of the competition breathing down your neck. Lots of mind games. The 40 thieves are talking trash to you trying to get you not to bid. If you are Larry Bird no problem. Make sure you have 500K on your credit line though. However if you are not the Bird and you dont pack half a mil of credit you can sneak in and avoid this NBA showdown by buying the house during the preforeclosure period… before the auction.

Make no mistake about it there are many ways to make healthy profits in real estate investing. But when you look at how easy preforeclosure makes it to buy houses cheap and resell for five figure profit checks all the while helping people out of agonizing life circumstances it makes little sense to pursue real estate investing any other way.

About the writer:

Ben InnesKer is a fulltime real estate entrepreneur bestselling author and real estate investing warrior. He has developed the “Motivated Seller Magnet automatic lead generating system” to help real estate entrepreneurs and investors attract more motivated sellers with less effort and increase profits. To learn more about this powerful stepbystep program and receive your free special report go to http://www.motivatedsellermagnet.net.

Why Network Marketing Will Always Work

Before you decide on which business venture to get into one of the factors that you consider is the stability of the foundations upon which a particular business system is built right? Although entering into a business opportunity may always be accompanied by certain risks you would definitely still opt to get involved in one that has a successfully proven track record.

Having its roots way back in the 1940′s the network marketing business today is looked up to as a multibillion dollar industry.

Not so long ago however the network marketing business method was frowned upon and was included in the league of such financial scams as the pyramid scheme and other getrichquick schemes.

Nevertheless throughout the years network marketing has proven its worth as a stable and legitimate method of doing business. In fact network marketing has developed into one of the major powerful pillars of the 21st century economy. Furthermore business leaders around the world consider network marketing as the “business of the future.”

Would you like to know why network marketing will ALWAYS work? Here are some reasons:

*People will ALWAYS need extra income.

With the unpredictable fluctuation of inflation rates and currency rates in most economies in the world people who have full time jobs all the more need to have a sideline to augment their income and make both ends meet. Even in more comfortable households where the family’s basic needs are met with barely a sweat it still wouldn’t hurt to have supplemental income for the members to enjoy a little more luxury right?

The truth is extra money will ALWAYS be appreciated and be a great help be it for savings for that long overdue vacation or for emergency funds. No matter what your financial status you will ALWAYS be thankful for that opportunity to earn a little more.

Would you also want to have extra income to spend on anything that your heart desires? Network marketing will ALWAYS be one of the simplest and least risky ways of getting that extra cash!

*People will ALWAYS want flexible working hours.

Studies show that many people are only forced to go to work and endure their ninetofive jobs. Since these people need to have a regular income they put up with their strictly structured working world and dream that someday they could finally afford to enjoy financial freedom.

That said these people would ALWAYS desire and appreciate the opportunity to have flexible working hours while enjoying a steady and reliable source of income.

Would you also want to work at your own pace and still enjoy the benefits of a stable livelihood? Network marketing will ALWAYS be there to offer you that wonderful opportunity.

*People will ALWAYS appreciate having free time.

According to a survey conducted by “Money” magazine in the United States 64 of men and 68 of women who participated in the poll revealed that they would choose free time over more money.

Indeed in this fastpaced world time is considered a precious commodity. We no longer need statistics to prove that. We ourselves can attest to the truth that we all want some extra time to enjoy our lives.

Wouldn’t you also choose more free time over more money? The good news is network marketing can ALWAYS give you both! You can work from home practically with time in your hands and still see those fat checks coming in.

Would you want to enjoy free time while you earn? Network marketing will ALWAYS be there to give you free time and more money!

*People will ALWAYS be social beings.

As social beings people will ALWAYS interact with other people sharing stories exchanging views agreeing arguing. The point is people will ALWAYS have a contact or connection with other people. And this is the very essence of network marketing building groups of people sharing similar ideas and goals.

Do you remember the time when you recommended a certain product or a particular service to your best friend? Didn’t you know that you were indirectly it might be actually practicing the concept of network marketing? And if he in turn recommended that product or service to his family and friends then you would have built a small network of participants! If only you were into a particular network marketing program at that time you would have earned extra cash basically by opening your mouth!

Isn’t it wonderful how network marketing would reward you just by being yourself by interacting with other people? Network marketing will ALWAYS be there to enable you to establish more friendships and earn at the same time!

*People will ALWAYS purchase/use commodities.

From household goods and food items to health and beauty products network marketing businesses will ALWAYS offer the widest array of commodities that you can ever imagine. Such everyday products can ALWAYS and easily be promoted to people from practically all walks of life.

Furthermore when you join the world of network marketing you will discover that people may ALWAYS be divided into two those whom you can invite to participate in the program you are in and those to whom you can offer the products that your business sells. Either way you can and will ALWAYS win! Network marketing will ALWAYS see to it that you do so!

Supplemental income. Flexible working hours. Extra time in your hands. Socialization and interaction. Easytooffer commodities. With all that it has to offer network marketing will indeed ALWAYS work. It will definitely go a long long way and will ALWAYS be here to stay!

About the writer:

Daegan Smith is the leader of the fastest growing team of successful home business enterpernuers on the net. Find out how we’re creating financial freedom all across the globe and how to get in on the action FREE at http://www.comlev.net.

Offshore IT Enabled Services From Pakistan

The IT revolution can still change the destiny of Pakistan but will require a readjustment of the sights. This readjustment will require her to work with what she has and not what she currently doesnt!

Pakistan has been unable to produce software developers in increasing numbers but does possess skilled workers in reasonable numbers in other fields that can provide services to clients all over the developed world through the Internet. These services range from data entry to telemarketing to insurance claims processing to payroll management to computeraided designing to financial analysis and forecasting.

Pakistans doctors can be employed for medical data analysis; lawyers can provide legal advice over the Web; graphic designers can produce animations. The possibilities are numerous and the opportunities lucrative. The Internal Rate of Return (IRR) and Net Present Value (NPV) numbers for many of these opportunities are similar to those for the software export business.

As an example look at the function of an insurance claims processing company. Say an automobile accident takes place in New York City. The claimant fills a paper form describing the incident and providing his particulars and submits the form to the insurance company’s office in New York. The company scans the form and sends it to the offshore company in Lahore Pakistan. That form will be automatically routed to the computer terminal of a claims examiner. The examiner goes through the form and (using some simple business rules) determines the validity of the claim and sends his decision to the insurance company in New York. End result: the New Yorkbased company saves 50 per cent of the processing cost!

The customers for such ITEnabled Services (ITES) are looking for more than one benefit: on the one hand they want to achieve cost reductions of around 50 per cent and on the other they want an improvement in the current level of their services. By outsourcing the noncritical tasks they also want to focus all their energies on the processes that form the core of their businesses.

Canada is the easiest market to get ITES work from as it has the highest percentage of businesses that use outsourcing services. Number two on the list is Australia followed by the US. A higher percentage of companies in the energy sector outsource followed by the financial services and then technology companies.

Companies that outsource look for service level guarantees a proven track record and specialization in the business process of interest from the providers. Many outsourcing relationships fail because of organizational resistance in the client company unclear performance metrics or the client’s loss of control over the outsourced business process.

The primary advantage that Pakistans ITES businesses enjoy is the relatively low cost of labor. Secondary advantages are zero corporate taxes and lowcost infrastructure. The time zone difference between Pakistan and the US can also be an advantage in certain ITES businesses.

The key challenges that an ITES entrepreneur faces is marketing the service that he or she is striving to provide and ensuring the confidentiality and security of the client’s data. Another challenge is ensuring the quality of the service that can only be achieved by having a clear and continuous organizational focus on the training of the service providers.

Pakistanbased ITES businesses face three types of competitors. The most significant competition comes from prospective clients carrying out the noncore tasks themselves. However if clients focus on noncore tasks they suffer from higher costs and lower efficiencies. Hence they can be enticed by offering highquality service at a lower fixed cost.

The second type of competition comes from developedcountriesbased outsourcing operators. They run very efficient businesses but are hampered by higher labor costs. The final type of competition comes from outsourcing operators based in lowlaborcost countries like India and Philippines. Pakistanbased ITES businesses don’t really have any advantage over them but can ignore that competition for now as the demand clearly exceeds the supply.

In summary ITES is Pakistan’s irresistible value proposition because of the availability of the trained human resource in reasonable numbers. Moreover increasing the size of this human resource is easier as compared with what is required for software development.

ITES is a lucrative opportunity for forwardlooking entrepreneurs. While selecting an ITES sector they should look for human resourceintensive business processes in which the difference in the cost of labor between Pakistan and the target market is the largest. They should focus on utilizing their existing strengths and should also try to develop contacts with Pakistanorigin expatriates for marketing purposes. To achieve longterm success they should look for valueadding partnerships with international companies and focus on organizational excellence and customer satisfaction.

The US economy as a whole is depressed resulting in squeezed revenues for almost all companies. To meet their profitability targets most companies have no option but to cut costs. Pakistans companies can benefit from this situation by offering IT enabled services and software development services at attractive rates. These should be the best of times for Pakistans companies.

The economic downturn in the US is an opportunity for Pakistan’s ITES and software development companies not a setback!

About the writer:

Altaf Khan BPO Service Providers in Pakistan Call Center Data Entry Accounting Medical Transcription Outsourcing

http://www.altafkhan.com/ib/bposerviceprovidersinpakistan.htm

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