4 More Tips On What To Look For When Choosing A Home Based Business
1.
What type of Company Management Is There? - If you are promoting somebody else's product, what type of the people are leading the business? Do these people have a track record and have they been previously successful? Are they reputable in their previous industries? These are great signs.
What do your instincts tell you about the leaders and the management? Research the company management thoroughly.
2.
Does the company have Global Reach? Is there room for growth? - If you're market (US for example) were to get saturated very quickly, Can this product be marketed, down the road, in other countries.
North American, South America, Europe, Asia, worldwide.
If it's a consumable product (vitamins and juices) there are a lot of loops to jump through to even make that possible.
Information products are my preference because they are more universal and easier to sell internationally.
You can also make the products downloadable.
In the country of your choice.
Information niches have a plenty of room for global expansion.
3.
Pay Structure - What form of payment will you receive? How much will you being getting paid? My preference are compensation plans that allow me to make a lot of money up front (which allowed me to get out of my job much more quickly) and also have a residual component in place to you don't have to be working for ever.
Look at the compensation plan, if it's too confusing for you to understand, than anyone else who looks at it will probably confused also.
This will make it very difficult to market your product.
I rather work with compensation plans that gibe you larger commissions (like $1k+ per sale).
If you personally make commissions of $1,000 per sale or higher, that's going to allow you to create momentum much more quickly and allow you to get out of your job and replace your income which will allow you to build your business.
Look for opportunities that provide you the ability to make a 6-figure income in the first year to 2 years (the quicker the better) Look closely at your compensation plan and make sure you have something you can work with.
4.
What about giving back? - This is a universal law, any company worth it's weight in salt will be understand the law of reciprocity This is an awesome characteristic for any company to have.
A company with a soul is a company you want to be associated with.
Trying to make an improvement says a lot about the company.
Are they trying to leave this world off better than they found it? If you are inline with a company that shares your morals, than people will feel good about buying your products and services because you are being genuine about what you have to offer.
What type of Company Management Is There? - If you are promoting somebody else's product, what type of the people are leading the business? Do these people have a track record and have they been previously successful? Are they reputable in their previous industries? These are great signs.
What do your instincts tell you about the leaders and the management? Research the company management thoroughly.
2.
Does the company have Global Reach? Is there room for growth? - If you're market (US for example) were to get saturated very quickly, Can this product be marketed, down the road, in other countries.
North American, South America, Europe, Asia, worldwide.
If it's a consumable product (vitamins and juices) there are a lot of loops to jump through to even make that possible.
Information products are my preference because they are more universal and easier to sell internationally.
You can also make the products downloadable.
In the country of your choice.
Information niches have a plenty of room for global expansion.
3.
Pay Structure - What form of payment will you receive? How much will you being getting paid? My preference are compensation plans that allow me to make a lot of money up front (which allowed me to get out of my job much more quickly) and also have a residual component in place to you don't have to be working for ever.
Look at the compensation plan, if it's too confusing for you to understand, than anyone else who looks at it will probably confused also.
This will make it very difficult to market your product.
I rather work with compensation plans that gibe you larger commissions (like $1k+ per sale).
If you personally make commissions of $1,000 per sale or higher, that's going to allow you to create momentum much more quickly and allow you to get out of your job and replace your income which will allow you to build your business.
Look for opportunities that provide you the ability to make a 6-figure income in the first year to 2 years (the quicker the better) Look closely at your compensation plan and make sure you have something you can work with.
4.
What about giving back? - This is a universal law, any company worth it's weight in salt will be understand the law of reciprocity This is an awesome characteristic for any company to have.
A company with a soul is a company you want to be associated with.
Trying to make an improvement says a lot about the company.
Are they trying to leave this world off better than they found it? If you are inline with a company that shares your morals, than people will feel good about buying your products and services because you are being genuine about what you have to offer.
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