| Not every business opportunity is alike. Out of all of the | | | | product or some sort to comply with federal business |
| many business opportunities on the planet that you're | | | | regulations. There should always be a product of |
| being flooded with on a regular basis, how do you | | | | some sort: (a good or a service) |
| choose which is the best home-business opportunity | | | | 3. The product should be able to stand alone, and be |
| for you? I'll provide 6 must-have's in order for the | | | | worth what you pay for it regardless of if there's a |
| business you're considering to be worthwhile. You can | | | | business opportunity attached. You have to be able to |
| do what about 90% of new entrepreneurs do. You | | | | stand behind your product with integrity. If it's something |
| can get excited about what seems like a good | | | | that you believe in, the value of it will stand out and it |
| opportunity, do a little bit of due diligence, dive in head | | | | will be undeniable. You won't have to convince |
| first, investing your last, hoping to make a 500% return | | | | someone of it's value also. The product should be |
| on your investment in the first 90 days only to be | | | | great enough that you recognize that all of the |
| discouraged later by the time that it's taking to see | | | | benefits from purchasing and owning the product will |
| your return. This doesn't sound like a sure-fire or | | | | be well worth it's price. If you don't feel a connection to |
| lucrative way to invest in business does it? | | | | the product and it seems like simply a "means to end," |
| Trust me, if you talk to most successful entrepreneurs, | | | | you may not wish to engage in the sale of that |
| you'll find that that the majority of them have | | | | particular product. |
| experienced something like this. You definitely want to | | | | 4. The company must have back end products to |
| learn from their mistakes and not follow the same | | | | encourage "repeat customers." This helps to create |
| path. You will definitely save a lot of time and a ton of | | | | more residual income. It's easier for a current customer |
| money. Based on my experiences and the research | | | | to be a repeat customer than to keep procuring new |
| of several other successful entrepreneurs, specifically | | | | customers for every purchase from you. Having |
| in the networking industry, I have been able to isolate 6 | | | | back-end products such as additional or upgraded |
| critical elements or key factors that you should | | | | memberships provides a means whereby you can be |
| consider when deciding upon which business model to | | | | paid again and again. |
| adapt or invest in. What is going to make the most | | | | 5. The company must pay strong up front |
| sense and cents with the time, energy and the type of | | | | commissions as well as generous residual |
| effort you're willing to put forth. So, here's my list: | | | | commissions. It's encouraging and motivating to receive |
| 1. The product you're selling must be unique in the | | | | your first commissions and they be of substantial |
| marketplace to lessen the competition. How many | | | | value. Sure, receiving small commissions is nice too, but |
| business opportunities have you been presented with | | | | having a pay plan or payment system in place that |
| that are selling health and wellness products such as | | | | allows and perpetuates considerable upfront |
| vitamins, juices, potions, lotions, make-up and more? | | | | commissions, that gives you the fuel and additional |
| These particular products are saturated in their | | | | resources to use to re-invest in your business. In other |
| industry. It would very difficult to get people to see | | | | words, up front commissions help you start fast and |
| why your product is better than what they can pick up | | | | residual income allows you to eventually retire. |
| from GNC, Target and their local pharmacy. Chances | | | | 6. The company must have stable ownership with a |
| are, someone in their family is already selling something | | | | track record of success. You definitely want to be in |
| similar. The competition is just too stiff for products | | | | business that shows that it has staying power and |
| that are not unique. | | | | puts your best interests at heart. There have been |
| 2. The product cannot be in and of itself, Multi-Level | | | | numerous companies that have used the vehicle of a |
| Marketing (MLM) because it would take too many | | | | "business" to simply siphon your hard earned money |
| product sales to actually make money, and your | | | | into an account that you have yet to reap any benefits |
| "down-line" or distributor base takes too long. In many | | | | from. That company then becomes obsolete, or |
| MLM companies, you are in direct competition with | | | | changes it's name and you're left out in the cold. So, it |
| someone who you just brought into the business. You | | | | would be of your best interest to only consider a |
| can also experience what is called a "break-away," | | | | company with a product that has rock-solid ownership |
| where the organization you worked so hard to build | | | | that you can trust and put your faith in. |
| can somehow magically "break-away" from you and | | | | After several years of sorting through companies and |
| form an totally separate organization, leaving you | | | | the marketing systems behind those companies, I've |
| devoid of all of the residual income supposedly | | | | settled on the Infinite Income Plan as my ideal business |
| provided by your down-line. It's also illegal to promote | | | | model complete with turn-key marketing system. It's a |
| only an opportunity. Their has to be an exchange of | | | | no-brainer for me. What about you? |