« Working From Home Your Way | Home | Lead Capture Page Benefits—Your Must Have Marketing Tool »
Homebased Business Choices…that Make Sense For You..
By Rallie | November 13, 2009
I’d like to share with you information about Home Base Businesses, and help you avoid some of the pit falls.
There are many Home Base Business Opportunities that have been around for several years, and many
Work from Home
people have gone on to make millions of dollars. Others in these older companies are making a full time income, and others may be only making $200 to $300 month. The difference is how hard they work the business. Someone joining the older companies today, like Amway, are not likely to make a lot of money, because of all the competing Amway distributors.
Others have found that after 10 to 20 years ( or even a shorter time) their company has gone out of business, normally do to poor management. The result is a loss of income one has built over years of hard work, and the struggle to build another income source.
It’s like working for a company your whole life, and because of today’s bad economy, you’re told you’re losing your job, because the company is cutting back, or going out of business.
Even with the bad economy a new Home Business Opportunity, or system pops up, saying they’re difference, or better. They either have a better product, better system, better compensation plan, or they’ll do the work for you (no one will build a business for you, you have to build it yourself. They might help you, but your success depends on you).
There is one thing you should know, and that is that over 92% of the people that start a home business, either drop out of their program within 3 to 6 months, or never make enough to cover their expenses. Mainly because they haven’t taken the time to learn what it takes to become successful.
As a result many lose a lot of money, or give up before they make a profit at all.
You can be part of the 8% that build a successful Home Base Business, so here what to think about.
Whether you are getting ready to start a home business or currently are in one, your success depends on you. So start by asking yourself these questions:
-
What am I looking for in a home base business?
-
What am I passionate about?
-
Do I like talking with people?
-
Am I willing to enroll in a training program to learn marketing skills I’ll need?
-
What experiences, skills, and strengths do I have to apply to my business selection?
-
Am I willing to do what ever it takes to succeed?
-
How much money do I have available to build my business.
If you do not answer YES to questions 3, 4 & 6 then do not join a Network Marketing business. If you said YES then the other questions are important to selecting the right opportunity. I’ll talk about that in a minute.
If you do not like talking to people there is always an Internet Base Business that you can consider. Whether it’s becoming an affiliate selling someone elses product, or your own. But here again you have to have or develop a passion for the product, not just a passion to make money.
With out a strong passion, and desire to succeed you won’t get through the rough times that comes with all businesses.
Whether you get into Internet Marketing or Network Marketing you will need some training. That training starts with learning marketing. On a future article I’ll cover the topic of training, and what one needs to learn to have the skills to reach a high income level.
Now back to selecting the right Homebase Business opportunity for you…
Let us assume you are a person who likes talking to people, and you have a strong desire to succeed. Are you willing to devote time every day or week to getting the training you’ll need? If so, then it gets down to picking a Network Marketing business that has products or services you have or can be passionate about.
The importance of that is you will need to be a user of the products or services in order to earn your commission every month. That is called an autoship order, which can cost you anywhere from $50 to $250 per month depending on the company you join. Your initial goal will be to sponsor enough people quickly so your commission equal or exceeds your monthly autoship.
You may be asking why this is important. Keeping up with one’s monthly autoship cost has been a major reason why many drop out of their Home Business Opportunities.
So like the products or service you will be selling, or don’t join that business. The money you’ll need to get started will include your initial investment to join (normally $60 to $1200, some less), 3 months of autoship minimum, and anywhere from $49 to $97 per month for training (this is in case the company you join doesn’t have a Internet Attraction Marketing training program).
Training and a good support team are both important to you success..
By the way, I do know programs that you can start for less than $30.
It’s hard to cover this topic in a short article. I do want to give you examples of Network Marketing and Internet Businesses, to give you some idea what is available, so I’ll cover them in another article soon.
Right now I’d like you to bookmark this article, so you have it as a reference, and fill in the information to subscribe to free updates.
If you would like to schedule a free 30 minute consultation email me at successcoach@rallierallis.com with Free Coaching Request in the subject, and give us your name, phone number, time zone, and best time to reach you. Someone will call to schedule an appointment.
Topics: Working From Home | 2 Comments »
November 13th, 2009 at 2:58 pm
Rallie
Yes to 3,4 and 6.
That is so true. Many people jump in an MLM but have no business being there because they don’t have the desire or passion. Great Post
Ed
November 17th, 2009 at 9:24 am
Rallie,
Most people still don’t understand about how to go about choosing a home based business. Or they still think MLM/network marketing is still a pyramid scheme. This article puts everything in perspective as to how to go about starting their own business. Great post!!!
Jenny