Are you considering starting a new home based business this year? If you are this simple guide is a must read. To help you make an informed, educated decision about which home based business is right for you follow the 4 rules below to ensure the opportunity you are exploring is legitimate.
Rule 1. Choose a reputable, stable company
The sad truth about opportunities online is that every year 1000’s of companies start, operate for a few months then simply disappear. To ensure you make a sound investment decision always check that the company offering the opportunity has a proven track record of success. Stay away from prelaunch and start up companies as many of these disappear as fast as they arrived on the scene.A solid company is one that has been in operation for at least a couple of years, or an established company that is launching a new product line or business model. Always research the company and the owners as this will give you a good indication of the opportunities chances of success
Rule 2. Does the home based business have a strong,in demand product base and offer high commissions?
Always check current trends to see if the products and or services being presented are going to continue to be in demand. For example you would not invest in a company selling a product or service that has a dwindling market.The best home based businesses are ones that sell digital products like information, software and videos as these do not require you to purchase and/or carry stock. You don’t want to be involved in a business where you have to manage inventory and coordinate orders including postage and delivery. When it comes to commissions, if you are not making at least 75% of the upfront commission when you make a sale, forget it. This means that you are doing all the work and the company and/or the person above you is making all the money.
Rule 3. Does the new home based business opportunity offer member support?
Every business owner requires support to achieve success. Only consider opportunities that offer regular, clearly timetabled daily and weekly live training. The strongest opportunities usually give you access to archived training sessions so that you can work at your own pace and set your own work hours. look for companies that offer live support at least 5 days a week as there will be times when you will need to find out company information or deal with customer issues fast.
Rule 4. Are others experiencing success with this home based business opportunity?
A good measure of your ability to achieve success is how many sales are required for you to break even. If it takes more than 3 sales to recoup the costs of your original investment forget it The best place to find out the truth about home based business opportunities is to visit the many work from home forums and see what others are saying about the opportunity. People are honest in the forums and often show evidence of earnings and happily disclose both the good and bad of the business, the products and services and the quality of support offered by the company. If you cannot find the answers you are looking for simply make a forum post asking the question, “Is company x a good home based business opportunity?”.
These are not all the rules for choosing a new home based business, but this is a great guideline to follow when evaluating a home based business opportunity. Use these guidelines to help you narrow down your choices for choosing a legitimate company that best fits yours goals and you will be well on your way to making a good new home based business choice.