Thinking of starting your own home based business?...
Five Home business opportunities reviewed in brief below
|To help you sift through the myriad of confusing information out there on the Internet, we have selected five MLM/network marketing Home Based Business Opportunities which you can easily compare without wading through endless hype and false promises of easy money. |
There is NO such thing as a home based business (or any business for that matter) where you do little or no work and make money, let alone buckets of money as some of the hype merchants would have you believe.
Developing a Home Based Business, takes time and work to become successful.
If you aren't prepared to do the work... well you had better click off this site now and look for the scam pages where they promise you the earth for no real outlay or need to work at it!
If you are sick and tired of searching the internet looking for the perfect opportunity to work from home, then you have found the right place. I can vouch from first hand experience that many of the home based businesses operating online are out and out scams and just after your hard earned money. The easier it appears to be to make money online with an internet venture the more likely it is to be a scam.
The majority of Home Based Business ventures fail because the participant simply hasn't done their home work properly or they have been sold a crock of BS in the first place. Working from home is fraught with traps for the unwary so it falls on YOU, to ensure you have done YOUR OWN due diligence BEFORE signing for anything.
Especially signing up for something where you have to pay substantial money up front before you can start your home business.
If you are considering any MLM or Network Marketing company, it would pay you to have a proper understanding of the principles involved with Network Marketing and how you earn income from the compensation plan.
Working from home generally involves the selling of a product or service of some sort. If you can't sell and you are computer illiterate in this day and age then you have little to no chance of making a success of any business whether it is online or offline conventional or otherwise. The only way a business stays viable is to rely on sales of something whether it be physical or online products or services of some sort provided by the business.
Many MLM programs now operate in a way that allows people to become affiliate marketers with them and just gather customers. It can be very lucrative in it's own right to just look for customers and have the company service those customers. Many well known websites offer affiliate payments like Amazon.
However, if you have some fairly basic computer skills, like sending and receiving emails and accessing the Internet, and you are prepared to talk to people, you will find building a referral marketing MLM business in a niche or in the main stream market, may be right up your alley as that is where the residual long term income is generated.
You should look for companies that offer a product with a Significant Point of Difference. (SPD).
For example, are there any competitors in the field the company operates in? Is a similar or the same product available via retail stores at a cheaper price? If so what are the retail prices when you compare like with like? Does the product(s) represent good value for money?
Importantly, would you buy this product or the company's service or whatever it is that is being offered, if you weren't involved with the business in the first place? That's the cruncher when it's all boiled down. If you wouldn't buy the product or use the service if you were to be exposed to it, then you're going to have an uphill battle convincing "friends and family" to buy from you and to take on the Business Opportunity themselves.
In a nutshell, make sure you ask all the pertinent questions about the product and company and your sponsor. You can even contact us for advice on the best opportunity in your country. This is a business decision YOU are making... NOT an impulse buy. A small amount of work now may save you many thousands of wasted dollars/pounds and hours later on! You are possibly tying yourself into a business that may consume many thousands of hours of your time over the coming years... so get it right now!
Do YOUR due diligence BEFORE committing to any business and save yourself heartbreak and monetary loss later.
Tick off the list of points below as you work your way through them
Opening any kind of home business, online or offline, requires start up capital and can be an expensive time wasting dead end for you, if you don't do your homework first. You know NOTHING is FREE in life despite what many websites claim. To build any business, involves spending money so you can make money. Just be aware, that you don't need to spend large sums buying big quantities of product or pay inflated joining/registration fees when joining an MLM company. In fact some reputable companies don't charge a fee for you to get started. Some charge quite exorbitant amounts plus front end load you with thousands of dollars/pounds worth of product. Fortunately for you, we don't list any of those companies on this website!
When it comes to outlaying money for start up capital, bear in mind, it's just not possible to start a business and magically gather customers or quality visitors to your website without investing YOUR own money into advertising and some other business expenses. One of the proven ways to drive traffic to your website is through paid advertising using Google ad words. Aspiring home business operatives should realize it costs money to advertise whether it's by word of mouth or by using Internet marketing techniques or doing local advertising campaigns. Word of mouth, although cheap to do, you still need tools for your home business, such as business cards phone and computer etc. These are the basics requirements for any business and should be allowed for in your start up budget.
No matter what product or service you decide to promote, it's important for you to concentrate on just the one MLM business opportunity and become an authority on what you're doing. What I mean is this... you must know what you are talking about so you can easily answer sticky questions when they come up without feeling inadequate and ill prepared. Once people see you have done your research and you're capable of answering their questions honestly, they will be begin to trust you and join you in your enterprise. That's what network marketing is all about. Gaining trust and delivering on your promises!
Bear in mind when you're entering into the network marketing field, you may be in business for yourself, but you aren't in business by yourself. You will sponsored into the business, perhaps by someone you know or by someone you have made contact with from the Internet. Regardless, it's your sponsor's job to ensure you have moral support and access to all the training tools that are provided by the network team as well as by the company. The role of your sponsor is to help you to become successful in your own right. Only then will your sponsor start to earn royalty income from customers and Reps that you gather into your team and become successful with you.
Here at the Health-Report website, we have tested and actually participate in all the business we review below. Some earn us a modest income whilst the higher paying ones, earn us very comfortable incomes each month. I (about me) would not be involved in promoting any opportunity via this website unless we had done our own due diligence and have participated in the various programs for a considerable time. Only once the opportunity has passed the test of time will I review it and place the review on this website for the public to inspect it. Having said that, any company that does not perform to reasonable expectations will be removed from the recommended MLM companies listed below.
Information correct at time of publishing