A Top Home Based Business Opportunity
Are you one of the millions of people world wide currently looking for a top home based business opportunity? According to Forbes Magazine, seventy million Americans plan to start their own business within the next three years.
The uncertain state of the economy in the western world will be a key driver for many people in the search for an alternative source of income and security.
There are literally hundreds of opportunities out there today, but what are the hallmarks of a top home based business opportunity, as opposed to one which is likely to have you spending more money than you will ever make? To start with, you need to have a sound understanding of the business model you are looking at.
Wherever possible, opt for a top tier, Direct Sales model, as opposed to a Multi Level Marketing model (MLM).
A good top tier, Direct Sales model is one where you do not get paid on multiple "generations" within your organization, as is the case with a typical MLM.
One of the most common problems encountered by those in the MLM industry is a high level of attrition in their downline.
It means that people rarely realize a residual income in their business, because they are forever sponsoring and training new people, only to have them quit quickly.
The average life span of a new distributor in any MLM is 90 days.
If you choose a top tier business, you will find that the buy in cost is higher, but so are the commissions paid.
A top home based business opportunity will operate on a G.
P.
T.
system.
This simply stands for "Get Paid Today".
Lack of positive cash flow is one of the major stumbling blocks for people starting out in a new business, and knowing that you will be paid on sales you make before your company will help to ensure you are able to continue to operate your business A dual income system is also preferable, meaning that you will receive a commission for each sale up front, but there is also a generous residual income component built in at the back end.
The reason this is important, is that the person who sponsors you into the business must have a financial incentive for assisting you to get up and running.
Otherwise, after you have signed on the dotted line, you will be left to your own devices to learn how to set up and market your business.
The last (but certainly not least) feature of a top home based business opportunity is an automated, duplicatable online marketing system.
There are some amazing products out there, but if you have no way of advertising and selling them you simply don't have a great business.
Using systems that harness the power and reach of the World Wide Web, and are easily duplicatable will create a very strong foundation for a long term, lucrative business.
Speaking of top home based business opportunities here's a link to a controversial report that I have to say when I read it, it made my stomach churn.
It's called the Coffee House Letter and it has revolutionized the way network marketers do business online ...
Love it or hate it no-one can read the Coffee House Letter without it profoundly changing the way they view network marketing.
The uncertain state of the economy in the western world will be a key driver for many people in the search for an alternative source of income and security.
There are literally hundreds of opportunities out there today, but what are the hallmarks of a top home based business opportunity, as opposed to one which is likely to have you spending more money than you will ever make? To start with, you need to have a sound understanding of the business model you are looking at.
Wherever possible, opt for a top tier, Direct Sales model, as opposed to a Multi Level Marketing model (MLM).
A good top tier, Direct Sales model is one where you do not get paid on multiple "generations" within your organization, as is the case with a typical MLM.
One of the most common problems encountered by those in the MLM industry is a high level of attrition in their downline.
It means that people rarely realize a residual income in their business, because they are forever sponsoring and training new people, only to have them quit quickly.
The average life span of a new distributor in any MLM is 90 days.
If you choose a top tier business, you will find that the buy in cost is higher, but so are the commissions paid.
A top home based business opportunity will operate on a G.
P.
T.
system.
This simply stands for "Get Paid Today".
Lack of positive cash flow is one of the major stumbling blocks for people starting out in a new business, and knowing that you will be paid on sales you make before your company will help to ensure you are able to continue to operate your business A dual income system is also preferable, meaning that you will receive a commission for each sale up front, but there is also a generous residual income component built in at the back end.
The reason this is important, is that the person who sponsors you into the business must have a financial incentive for assisting you to get up and running.
Otherwise, after you have signed on the dotted line, you will be left to your own devices to learn how to set up and market your business.
The last (but certainly not least) feature of a top home based business opportunity is an automated, duplicatable online marketing system.
There are some amazing products out there, but if you have no way of advertising and selling them you simply don't have a great business.
Using systems that harness the power and reach of the World Wide Web, and are easily duplicatable will create a very strong foundation for a long term, lucrative business.
Speaking of top home based business opportunities here's a link to a controversial report that I have to say when I read it, it made my stomach churn.
It's called the Coffee House Letter and it has revolutionized the way network marketers do business online ...
Love it or hate it no-one can read the Coffee House Letter without it profoundly changing the way they view network marketing.
Source...