My home business opportunity is the very best…
Have you ever heard someone say, my opportunity is the very best? After all if you think about it, that business is their livelihood. What else would you expect them to say? This my friends, this is simply their way of saying, I believe in my business. I think however it’s important to consider, what criteria are they using to determine the long-term success of their opportunity?
Some might look at the opportunity and ask these questions…
1. What is the investment requirement?
This is a valid and straight forward question. We all know that it probably cost money to start a home business opportunity, and we all know that there are hundreds and thousands of people that have been burned on the so called easy to start, guaranteed, home business. The fact is, all home businesses have an inherent risk. And the person that tells you it’s 100% guaranteed Is probably lying!
2. What kind of services and products do we sell?
In this question we’re going to explore what exactly are we selling in a home business opportunity. I prefer to sell a product that has a need in the marketplace. There’s so many times you’ll find a business that offers just a wide array of products that you can sell… but… This tends to make it difficult to streamline the advertising necessary to drive targeted traffic to your business. While all these may be great products we also find that some of those products may be really expensive dependent upon which home business opportunity we have chosen.
A home business opportunity that has products that come across as too expensive, will always tend to promote the idea to a potential client, that they can simply go buy that in the store. They will look over the fact, that their business could be paying for that product, and their residual income will far offset any expense.
3. Is this a selling position?
If I have heard it once, then I have heard it 1000 times. I do not want a home business opportunity that requires sales! Have you ever heard this statement? A sales position, takes a special breed of individual. And not everyone has that ability to be a natural salesman. Most people you find simply don’t want to sell stuff.
People with this fear, often have trouble with a company that promotes an opportunity that requires a lot of selling up front. On the flip side, people dont mind selling, and have an natural ability, will be more than happy with this opportunity.
4. How long have you been in business and how long has your home business opportunity been around?
This is a valid question coming from a potential client, how long have you been in business? Most companies have a track record that can be traced back and proven, giving the client specific historical numbers to follow.
A company that is just starting out, will not have the statistics to fall back on. While there is good and bad in each situation, we need to look at the fact that some individuals Will Not Be Able To Act on this new unknown venture.
While you’ll find others that are more than willing to take advantage of the tremendous opportunity of starting a new company.
5. With this home business opportunity, what will I get paid?
Now we’re talking money. Everyone’s eyes and ears, open when we’re talking about the financial results of building this business. The compensation plan is on the business side of things that some may not think about, but most people want to know how they will be compensated and about the residual long-term income. This will encourage them to keep going when times get tough, for the promise of a continued payout down the road.
Residual income is still one of the most powerful and profound ways to ensure cash flow throughout your retirement years. There are companies out there claiming to provide residual income per say. But do they really… really work? In every business plan there are rules that outline the business compensation plan. And without getting into all of the different payment structures most of these are sound.
If a client wants to be absolutely critical at every juncture, they can probably eliminate all home based opportunities currently available. And if you do this, you will destroy your dreams of more time, more money, and more freedom.
When I counsel clients, I make it a specific goal to learn about their wants, their needs, and their desires, before I start recommending a product, home based opportunity, or course of action for their success.
I hope these five areas or tips help you and your search for the perfect home business.