| 2 March |
Which Home Business Opportunity Should I Choose? |
Lots of people are interested in a home business to make a little extra cash, to help pay the monthly bills, or to create financial freedom and security.
Either way, internet businesses can help you. The trick is to find a good one; don’t waste time or money chasing empty promises or pipe dreams.
I used the following model to select my internet marketing business – a similar process should work for you as well.
Step 1: Identify Home Business Opportunities
You can easily surf the Net to identify interesting opportunities and obtain their basic information. Use this checklist to help you narrow down the possibilities.
Step 2: Evaluate Selected Business Opportunities
1. Legal?
Avoid things that sound too good to be true – chances are, they are just scams. .
2.Sought After Product?
Is there a big enough demand for the product? A lot of home businesses go after small markets that may not be large enough to make you any real money.
What we want is a large, hungry, market that will buy from us now; and buy additional products later as well.
3.High Profits?
Is there a big enough profit to be made by selling this product to make it worthwhile? After all, there will be a number of start-up and ongoing expenses to consider.
4.Competition?
Make sure you can compete effectively on price.
Similarly, it is very difficult to make a sale if you can’t even get your potential customer’s attention.
5.Adequate Commissions?
Will the proposed commission plan require an army of down line members in order for you to make any profit?Could that really happen?
Is the proposed commission reasonable? Will you get a fair share of the commission?
6. Labor Intensive?
Personally, I’m looking to remove myself as a bottleneck.I want to remove myself from the success equation.
The best home businesses I’ve seen have systems and processes that will work for you 7x24x365 – whether you’re spending the day at the beach with your kids, laid up in the hospital, or sailing around the world.
7.Qualified Prospects?
Prospects are the critical success factor – you need lots of qualified prospects to succeed.For online businesses, the key is targeted traffic.
Will your up line help send you quality traffic?
8. Generous Training?
Learn about the product and marketing, in general.Trying to do it all on your own is not the best pathway to success.
So, another key is to make sure that your sponsor provides adequate training.
9. Technical Support?
Computers are necessary for today’s businesses. If you’re doing any form of internet marketing, that computer will likely be yours.
For internet marketing businesses, a lot of the technical support will be needed up-front, getting your system set up before you can even start doing the business.You’ll need good technical support.
10. Customer / Sales Support
Regardless of the product you end up selling, there may be problems, returns, changes, upgrades, etc. involved.You’ll also need adequate back-office support.
Look for businesses that also include customer and sales support.I hate to make cold calls, so sales support from my upline is important to me.
Step 3: Take Action
Winners act; losers don’t.Evaluate the opportunity against this checklist. Don’t wait, act now to secure your future.
