Business & Finance Corporations

Choosing the Home Business Opportunity For You

Are you looking for supplemental income or incredible success in a home business opportunity? And what type of home business opportunity are you looking for? If you are looking to start something that is best with customers or clients that come to your home, then that is one thing, but if you are looking to become a distributor in an already established network marketing business, there are several things you will need to make sure that your business will thrive.
So let's start with motivation.
With any home business opportunity there has to be something in it for the distributor who will be signing up under you.
With the hundreds of network marketing businesses that there are, there needs to be something about your business opportunity that makes it stand out.
There needs to be a reason why someone would choose your home based business over all the others out there.
If it is the quality of the products, well, that is a start, but it is usually not enough of a reason to choose one business over another, since many network marketing companies have high quality products.
You will then want to look at the payment plan.
Does it pay out too much, making the plan ultimately unsustainable in the long run? Or does it pay out too little, requiring you to recruit too many people for your home business opportunity before you see any real income? There needs to be the proper balance for sustainability and growth of the company, and for the distributors to prosper.
And when you are examining the payment plan, something that is indirectly tied to this is how long the company has been around.
If they have been in existence for six months or so, then you might want to wait at least until their two-year mark.
This is because you have to remember that you will be spending your time and your hard earned money recruiting distributors.
You want to make sure the company will be here for a long time.
And if a company is five years or older, so much the better.
This ties in with the payment plan, because if they have been around for five years, they must be doing something right.
But don't stop there with your research.
Find out as much as you can about the company.
Check out the owners, and look into their history.
See what other businesses they have been involved in, if any.
And what kind of company is it? is it a publicly traded company, or is it private? The funny thing is that often people will advertise that they are publicly traded.
But for me, I stay away from those companies for several reasons: 1) The control of the company usually shifts from the founders to the shareholders.
The shareholders motive almost always is just to make money.
They had nothing to do with building the company.
2) Since their motive is strictly profit and since the owners have a duty to the shareholders to turn as high a profit as possible, quality of the products usually takes a back seat to profit.
3) The shareholders expect dividends, and that is money that could be put to better use elsewhere and could be going into the pockets of the distributors instead.
4) Publicly traded companies can be bought by other companies more easily, and this can leave the distributors high and dry.
Lastly, remember that it will probably take several years for your home business to be successful.
This means that you need to go into it with that mindset.
As long as you know it will not happen overnight, then you will be able to weather the ups and downs that inevitable come with any home business opportunity.
And in the end, you will prevail.
Chuck Griffin

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