Work at Home Terms and Definitions
The activity of attracting public attention to a product or business, as by paid announcements in the print, broadcast, or electronic media.
Not to be confused with marketing or public relations. See About Advertising for an extensive glossary of advertising terms for more information.
Individuals who back emerging entrepreneurial ventures, usually as a bridge to get from the self-funded stage to the level of business that would both need and attract
Someone who can sponsor people in an online business and is paid commissions for sales of products. There is usually no cost to be an affiliate.
A formal estimate of the value of something on the open market. It also describes how the estimation and conclusion of value was made.
Direct exchange of merchandise and/or services between businesses. See the International Reciprocal Trade Association.
Provides workspace, coaching, and support services to entrepreneurs and early-stage businesses. See the National Business Incubation Association.
An estimate of the worth of a business entity and its assets.
Consumer Direct Marketing
A form of Network Marketing in which the distributors are all also consumers, i.e., they must also buy the product for their personal use.
Copyright is a form of protection for published and unpublished literary, scientific and artistic works that have been fixed in a tangible or material form. See WhatIsCopyright.org.
A body that is granted a charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members. The primary advantage of a corporation is that shield its investors from personal liability for any losses the corporation may experience. See more info at Nolo.com.
In a Multi-Level Marketing business, the collection of all people signed up underneath an individual on which the individual receives payment on their sales.
The inquiry process of obtaining sufficient and accurate disclosure of all material documents and other information which may influence the outcome of the transaction.
A person who organizes, operates, and assumes the risk for a business venture.
Genealogy refers your sponsored organization in levels of your home business program.
This includes those whom you have personally sponsored and those who are sponsored by your referrals on several levels deep.
An organizational structure in which each general partner shares in the administration, profits and losses of the operation. See more info at Nolo.com.
Home Based Business
A home based business is a business whose primary office is in the owner's home. The business can be any size or any type as long as the office itself is located in a home.
One who practices an independent trade, business, or profession in which they offer their services to the public. The person contracting for their services must have the right to control or direct only the result of the work and not the means and methods of accomplishing the result. See IRS Publication 1796.
A intrapreneur is one who takes on entrepreneur-like ventures within a large corporate environment.
A legal entity created by two or more businesses joining together to conduct a specific business enterprise with both parties sharing profits and losses. It differs from a strategic alliance in that there is a specific legal entity created.
Limited Liability Company (LLC)
A legal entity that is not taxable itself and distributes the profits to its owners, but shields personal assets from business debt like a corporation. See more info at Nolo.com.
A business arrangement in which the day-to-day operations are controlled by one or more general partners and funded by limited or silent partners who are legally responsible for losses based on the amount of their investment. See more info at Nolo.com.
Line of Credit
Similar to a business loan, except that the borrower only pays interest on the amount actually used. Much like a credit card, the business makes periodic payments against the outstanding balance.12Next
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