If you’re like me, you’re probably on many email lists and you get hundreds of emails every week about the newest, greatest, best home business ever.
Well, you can relax now, as I’ll share with you my 10+ years of experience working from home, and I’ll give you a few things to really think about
1. Make sure it’s a legitimate home business
This goes without saying, but I still see so many people throwing money away on garbage home business kits that promise riches in 24 hours or less, and they’re so easy a 3 year old could do it.
Use some common sense. If it were really as easy as pushing some buttons, and a 3 year old could do it, we’d all be filthy rich in 30 days right?
My advice is to find a home business that “leverages” your time. In other words, you put in the time and effort to build it, then that time and effort pay off for years and years to come, even if you aren’t working the business anymore.
2. Choose a product you can be passionate about
Like I mentioned above, there are literally thousands of home business opportunities, with new ones popping up every day. If you decide to join one that markets a niche product or service, then you better be emotionally attached to that product or service.
The reason I say this is, I believe most people fail or quit the business because they are not able to talk people into buying the product or service they are promoting.
Your best option is to find a home business where the products and services are things that people are buying anyway. That way you don’t have to talk people into something, thus creating a higher success rate for yourself and those you bring into your network.
3. Find a Home Business without the Pay Plan “Gotchas”
One of the biggest mistakes people make when evaluating a home based networking business is they focus 100% on the pay out of the compensation plan, and they neglect the “requirements”.
I am throwing this in because there are a few BIG players out there who have this pay plan “gotcha”.
You ask any MLM leader and pretty much all of them will tell you that in their 2 or 3 legs they have instances where they sponsored someone who sponsored someone who sponsored a leader. There are a handful of compensation programs where you MUST be the personal sponsor of the person in order for them to count as a qualifying leg for you.
In my opinion this is the biggest issue with a pay plan as most of the time your leaders may be 3 or more generations away. So you want to make sure that the pay plan requirement is on “legs” NOT personally enrolled. It’s a big deal when it comes to qualifying.
4. Look for a Stable Home Based Business Opportunity
Most start up home business opportunities fail within the first year or two of opening, and even more have growing pains that make it tough for the average person who isn’t prepared to deal with the problems that usually come with a start up.
I’m not saying to completely stay away from start up companies, just be careful as the risk is high that they won’t make it past the first 12 months, and even if they do it most likely will be rocky at times.
So my advise is to find a home business that has been around for at least 2 years, has all the bugs worked out and is ready for hyper growth.
5. Find a home business that is in high demand
My last suggestion to help you find a home based business that you can succeed with is ask the question, how big is my target market for this product or service.
Again, in my opinion, most people fail or quit their network marketing business because the product or service has major competition, or it’s such a small niche that very few people are even interested in having it.
This leads to most distributors marketing the opportunity instead of the product or service. Then as soon as they realize their earnings aren’t covering the cost of the product, they cancel the product or service.
You will find yourself having to constantly recruit new people because the product isn’t strong enough to keep people on the monthly auto-ship, making it very difficult to retain a level of income that you don’t have to keep building and rebuilding for.
Want to work with me? Discover a program where you’ll NEVER have to talk people into buying a product or service they aren’t already buying. Never again will you NAG your bank account to pay for that monthly auto-ship to stay qualified for commissions, AND no one EVER quits, which means NEVER having to build and keep rebuilding to replace those who drop out every month. Click Here Now to learn more!
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P.S. If your upline is still telling you to “make your list” of friends & family, but you’d rather learn how to generate endless leads, build relationships with those leads on autopilot with NO cold calling, and enroll new reps every month into your business, then you have to see this demonstration RIGHT AWAY…
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