When looking for a Home Based Business there are 5 very important questions you must ask.
Question #1: What is the product or service being sold?
If you cannot clearly identify a specific product or service being offered for sale through the Home Based Business, it may be a Pyramid Scheme or a similar type of Scam.
Here’s the reasoning behind it:
If there’s no product or service being offered to the public for sale, how can the company promoting the Home Based Business generate a profit? Where’s the money coming from to pay you a commission or a bonus?
If they’re not making a profit from sale to the end consumer then they’ve got to generate that income from you and other members like you just recruiting other people who are usually asked to pay some outrageous Application/ Registration Fee, even if they call it by a fancy name.
This is nothing more than a Pyramid Scheme and NOT a legitimate Home-Based Business. A popular example is Gifting Programs, there are no Goods or Services being sold, it’s just people exchanging money with other people. Sooner or later somebody is bound to get hurt!
Question #2: How stable is the company?
Why is this important?
Well suppose you found what seemed like a really great company and started building a Home-Based Business with them only to find out 2 to 3 years later that the FTC swooped down on them for illegal practices and shut them down for good?
This actually happened with one company I was working with many years ago.
People became millionaires with this company in a matter of months. It was the fastest money I’d ever made in Network Marketing up to that time, but within months of joining the company it all came crashing down because of problems with the structure of the company and certain practices that displeased the FTC.
I learnt my lesson.
In checking out the company you’ll want to find out how long they’ve been in business and where their headquarters is located. You’ll want to ask about any other Companies they’re affiliated with, like their Parent Company, Sister Companies or Subsidiaries if there are any.
There’s an old adage that goes; “Show me your friends and I’ll show you who you are.”
That applies here.
You can tell something about a company by the company it keeps (pun intended).
In looking at how long a Company’s been in business be careful not to throw away the good with the bad, for instance, a particular program might be brand new but the Parent Company backing that program might have been in business for many years, giving it the stability you’re looking for. Look deep and don’t be afraid to check behind the curtains.
Question #3: What is the quality of the company’s leadership?
Dr John C. Maxwell, international Speaker, Motivator and Best-selling Author says, “Everything rises or falls on leadership.”
It has been my experience that a Company usually takes on the characteristics of its leader(s) so, if you want to know what kind of business you’re about to join, look at the leadership.
Practically speaking, you’ll also want to check out the business acumen of the person or people in charge because they’re the ones making the decisions that’ll impact the future of the Company – Your Company.
Question #4: How good is the compensation plan?
I think The O’Jays said it best; Money, money, money, money… monney!!!
You’re going in business to make money not to look good in a business suit.
And if you have a real Home-Based Business then you won’t be wearing a business suit in the first place, Right?
There are so many different types of Compensation Plans; from the sublime to the laughable. There are 2-Ups, 1-Ups, Binaries, Unilevels, 5×7 Expanding Matrices. There are Spillovers, Powerlines, Breakaways and on, and on, and on.
Here’s what to focus on:
How much is being paid out in commissions?
Too little and it’s not worth your time, too much and the company might not retain enough profit to sustain its continued growth and expansion.
The experts say about 65% being paid out in commissions is the acceptable norm.
Understand the difference between Bonuses and Commissions.
Commissions usually form part of your ongoing residual income. Bonuses are usually temporary financial increases, paid on a specific action, performance or fulfilled quota and as such; do not form part of your regular ongoing income. Focus on good commissions as opposed to bonuses!
Look for passive, residual income.
This is the kind of income wise people seek after. It’s the type of income you keep getting long after you’ve stop working. An author writes a book once and keeps getting royalties from sales years after she stops writing.
The Harry Potter Series made J. K. Rowling a billionaire and now here comes Stephanie Meyer and the Twilight Series – Go sisters, go!
With a Home based Business the same thing is possible.
You can do the work once and keep getting paid forever once you’ve selected a stable Company with good Leadership and the right Compensation Plan with an easily Duplicatable System.
Question #5: Is it easily duplicatable?
Even if you’ve got everything else going for you that’s mentioned above, if the system CANNOT be easily duplicated it’s not going to work.
Your attempt at building a successful Home-Based Business will fail and here’s the reason why:
J. Paul Getty said, “I would rather earn 1% of the efforts of 100 people than earn 100% of my own efforts.”
This is the axiom upon which Network Marketing, MLM’s and Affiliate Programs are built. Zig Ziglar said it this way, “If you help enough people get what they want, you will get what you want.”
Either way you look at it, it’s going to take a team. Teamwork makes the dream work. So, if the system you’re looking at cannot be easily duplicated by the average person who wants to start a Home-based Business how are you going to ever build a successful team?
There are over 475,000 people worldwide starting a Home-Based Business every week, 175,000 here in the USA alone. Most of them don’t know how to build a Home Based Business so if your system isn’t user friendly then, most likely, they’ll find another one that is.
Keep these tips in mind:
We live in the age of Video; this is the YouTube Generation so, if your program makes use of video to help sell the product or explain the benefits that’s a plus.
People have become very wary of ‘meetings’; that’s like a four-letter word to most so, if your business presentations can be done online that’s a plus.
We also live in the Digital Age; Digital Products are the fastest selling commodity on the Internet right now. If your business is involved with the sale or distribution of Digital Information Products that’s a plus because they’re instantly delivered and can cut overhead expenses by as much as 80% for the Company thus increasing the Profit Margin.
This simply means… More money for everyone!
There you have it; my 5 top questions you should ask before joining any Home-Based Business.
WHY YOU WOULD RELLY ENJOY HAVING A HOME TRAVEL BUSINESS
Work at home dads, you can now get the best both worlds: Business and Travel! An upcoming household name is about to roar onto the U.S market and is dominating the world and Internet. It’s called TVI Express (Travel Ventures International).
For smart representatives, the excitement is based on the $500, $10,000 and even $20,000 TVI EXPRESS commissions. The core of the excitement is built upon a convenient travel discount based back office that makes booking hotels, airlines and rental cars super convenient. And even with all this, the true heart of this Internet based business, which is MLM by the way, provides what travel advernturers are seeking most – more time and quality of life.
Today, mlm reps are calling this the ultimate 30 Minute Millionaire Business by TVI Express. Where simply referring people who plan on traveling can sign up as members and as a result, representatives get paid mega rewards. It does not take much work to refer travel planners to the website and discover the discount rewards. Within minutes a customer sees the benefits and calls you back to get signed up. That’s why it’s a 30 minute formula for success.
For the person seeking the best part-time and home based business, TVI Express can help you build a rewarding residual income through it’s extremely popular and achievable mlm compensation plan. Two referrals is all it takes to qualify for rewards. Work at home business owners can create a financial empire for themselves with this 3 to 5 Start hotel travel memberships program. In addition, the service is just launching here in the United States and in many countries. So the opportunity to join and grow is currently wide open. The time to participate is now.
How easy are TVI Express memberships to sell? Considering that luxury resorts, particularly 3 to 5 star hotels are priced between $100 to $400 a night, members get to enjoy a price around $36 per night initially as a member reward. That’s a big reduction in price as compared to normal prices. You see, every member gets a 6 day, 7 night 3 to 5 Star hotel reward with the $250 membership. That’s comes down to $36 a night! Any travel experienced passenger would be crazy to not take you up on this type of savings. That’s what makes telling people about TVI Express so much fun.
Where did TVI Express get its inspiration? The evolution of TVI’s discount travel began from watching other competitors. In the beginning a handful of players namely Travelocity, Orbitz, and Expedia. These companies have been putting Travel Agents out of business, by allowing customers to go online and book their own travel services at a discount.
The TVI Express competes and succeeds by giving members deeply discounted pricing on hotels, resorts, vacation packages, car rentals, cruises, and airfare. It differentiates itself from Travelocity, Orbitz, and Expedia in that it offers its members an opportunity to market travel memberships to customers and make exciting commissions at the same time. Members get bigger commissions than the competitors.
TVI Express is also not a time-share membership group and there are no requirements for travelers to attend property presentations during their vacations.
One of the biggest benefits of a TVI Express membership is the “Last Minute Booking” option. Members have reported experiencing a 70-80% savings in last minute travel registrations. This savings is based on compared quotes and pricing from Travel Agents, Travelocity, Orbitz, or Expedia.
The biggest factor in this competition is the Internet. The Internet has allowed creativity and ingenuity to level the playing field for all global flyers and business owners.. The days of Corporate Giants ruling and manipulating prices are quickly going away. People are taking control of their time, freedom and financial spending.
Anyone wishing to harnesses the power of these tools and gives people what they want – savings and more time – are in position to profit from the $428 Billion dollar a year travel industry. That’s why more and more people are jumping on board the TVI Express Members program.
Membership sites are exploding on the net as the core of business opportunities. Membership sites that have month-to-month membership subscriptions can produce you a massive recurring income every single day, weekly month to month and for every single year ahead.. Membership sites are gaining popularity on account of of their solid business models and chance to create recurrent income from multiple sources. Membership sites are great revenue models, both for your own business and for having the allure to affiliate marketers who will be eager to profit from your program.
Abundant articles about membership sites appear to be by folks who have not actually owned a lucrative one. I will make the same main point in relation to membership sites that other folks do: in basic terms that they are the best marketing on the internet business model going. One of the biggest reservations about getting a membership site open is the challenge of the graft that goes into the first setup; but this is always get over.
Membership sites are thriving and more mand more favour WordPress as the content developmentstructure. The ease of WordPress blogs makes them ideal as a Membership management platform. Membership businesses are much less vulnerable to changes in the marketplace. I’ve listed below the peak OCI keywords from a search on membership sites that I conducted using Market Samurai.. High OCI means that those searching on that search term are more inclined to purchase. What is apparent is that here is a strong benefit in health-oriented membership & building online businesses around those topical key words would be profitable. The other key trend is that there is an appeal in setting up membership sites themselves: people are searching on terms like “membership site scripts” with an intent to BUY…
Membership site oriented key words with 60-99% OCI:
travel membership sites
health club membership
cash membership site
fitness center membership
membership site scripts * people are looking to set them up…
athletic club membership
membership site for sale
health and fitness membership
gym membership software
mini membership site* mini sites always a popular model
mini membership sites*
instant membership site creator* there is a market for the computer software
membership sites for sale
gym membership rates
membership site software
build membership site
build membership sites
membership sites software
wp membership site
business membership site
membership site creator
membership site design
membership site owner
building membership sites
membership site management
Marketplace share is essential to any business and membership merchandising provides a way to acquire massive market share. You don’t need to be an expert… anyone can begin an Internet membership business. Here’s why you must. The membership business model translates into a dependable income stream. They offer stability – folks become members in something they are eager about or for something they need. A membership site offers you satisfaction of continual interaction with your clients. If you get an idea for a new enterprise I soundly endorse building it around a membership site.
Internet marketing is not for lazy people! Even the most excellent and most appealing ideas need to be put ‘out there’ before they can work. If you do search phrase research in the Internet marketing niche you can observe that among the most frequently searched for expressions: is how to make money online.
If you’ve been struggling to break even with your on-line home-based business, or even if you’re earning ‘okay money’ using Internet marketing, affiliate programs, niche marketing or blogging, prepare for a MAJOR SHIFT in your beliefs. I must have tested them all: niche internet marketing, pay-per-click, affiliate promoting – in short, a whole raft of other ways to earn a living on the internet but nothing actually ‘clicked’ for me. My blog is THE most important marketing tool I’ve employed to profitably promote my membership sites. Another impressive feature of a membership site is that you simply have to generate the content once and subsequently you can keep promoting it again and again.
WordPress is extremely well-liked for the reason that it delivers you a powerful contents management platform. With WordPress its uncomplicated to generate a multi-leveled membership site using free wordpress plugins. With a WordPress weblog you can immediately host password protected contents without special plug-ins being required. Thesis Theme is one of the most common, SEO optimized premium WordPress Themes that allows you to mark out your entire web site layout. Irrespective of whether the membership site is paid or free, WordPress is a perfect software platform to turn your blog into a cash-producing membership site.
Membership sites are able to sell for a top price for the reason that business people are conscious of the intrinsic worth of a buying customer base. No matter if youre seeking to sell-on or not, membership sites are magnificent way to make cash on-line. Historically membership sites required costly and complicated scripts.
A membership site can be a major informational focus. Information sells and you can undoubtedly make a great deal of cash by offering well packaged knowledge in the formula of a fee-based membership website. Entrepreneurs with huge membership sites typically have email lists numbering in the 1000’s and their brand gets known as expert. I did not anticipate that creating membership sites would be easy!
It is rare that we review or recommend any products that have anything to do with making money online or home based businesses. The market is just flooded with get rich quick schemes and snake oil salesmen that promise easy riches but the honest truth is that most of these guys make their money selling get rich quick schemes and the like.
The industry is just flooded with books that promise big money for little or no work and the simple truth is that it takes work to make money. Most of the websites that you visit with these screen shots of boated bank accounts and huge checks are either photoshop fakes or the money was made doing something other than what theyre trying to sell you.
The exception to the rule that we have made here on Consumer Products Overview is in a system called Cash in on Christmas. We were really excited when we found this book or business plan because it was so different than all the other junk out there. It was an actual business plan with all the information that you would need to start your own Christmas light installation business. Pretty dang clever, dont you think?
The thought of bringing happiness and joy to people around Christmas time while being able to make some really good money just seems like a great idea. We could imagine ourselves ramping things up in October or November as the holiday season approached and we got things in place for Christmas. Maybe a few flyers or Craigslist ads or even a mailer sent to some of the neighborhoods in our area in addition to some of the other advertising ideas that are in Cash in on Christmas and we were sure that we could make enough money to make it worth our while.
If you havent checked out the graphics for the promotional materials that come with Cash in on Christmas you really should. Top notch stuff thats all done for you so all you have to do is take it to the printers or print it out yourself and your advertising is done. The stress of coming up with a nice design that is going to look professional is all done for you ahead of time.
Upon further investigation though we realized that Cashing in on Christmas was more than just a turn key plan for a nice little side business. Oh, sure it is definitely suited for folks who have a landscaping business or dog walking business or other service business that deals with home services but the amount of money that can be generated by using the plan in Cashing in on Christmas is just sick!
Now, while the amount of money you make does depend upon how hard you work and how much of the work you do yourself we can easily understand how someone could turn the business plan in Cashing in on Christmas into their primary source of income. You could work your tail off over the holiday season and make enough money to easily glide through the rest of the yearthat is, if youre good at budgeting your money. Well all have heard stories of people who hit the lottery for a million bucks and then are filing bankruptcy a year later!
Overall, we have to say that Cashing in on Christmas is a resource that we would recommend to anyone and one that we ourselves look forward to implementing in our own lives very soon. We have no doubt that this is not a rip off or scam and its pretty much a no brainer when it comes to knowing that this is a solid business model that could be not only profitable but fulfilling emotionally.
Before you can operate an acupuncture clinic for your home-based business, you need to have a license. A certified acupuncture means you have completed the necessary education and training of acupuncture from a reputable institution.
Depending on the State you are in, the training involves rendering services to clinics, lectures, written and practical exams. Once you have graduated, you will prepare for the licensure examination. Visit the office of the National Certification Commission for Acupuncture and Oriental Medicine for particulars.
You may find the resources available on their official website to be useful. There are three ways in which you can start your home-based business. First, you can buy an existing acupuncture practice clinic. Business brokers may know many acupuncture clinics for sale in areas near you.
Second, you can start up a new practice with your resources. Small Business Associations can provide assistance such as requirements, taxes, and relevant laws on opening a new business, whether home-based or commercial-based.
Third, you may join an established practice or complementary medical center. Some business owners are willing to grant franchise rights to qualified entrepreneurs. The choice of putting up your home business defines the value of capital you may need.
If you choose the second option, finding an appropriate location is very important. If you live in a community near the business center, allocating a nice room from your home or apartment may work. Ensure that your marketing scheme is effective in making it easy for clients to find your practice clinic.
There may be a chance that you have worked in an acupuncture practice clinic for quite some time, and have established your reputation in the field. Owning your own practice may be more convenient and easy for you.
No matter if you have enlisted the contact details of your regular clients in your previous practice, or want to start fresh clientele base, it is useful to have a lift for your home business. Joining networking groups can do just that.
Join and participate in relevant business group’s activities like seminars, workshops, trades, training and meeting. Co-members may help you provide potential clients. Either they can provide referrals to you, or they might be interested in acupuncture themselves.
There are also chances in which some of the business owners, analysts and consultants may provide you advice on how to boost your marketing campaign. But do not just rely everything on these groups. You need to do your own thing to help your home-based business grow.
Do a research on the competition in the area where you also run your acupuncture practice business. Find out the flaws in the methods of business promotions that they employ, and devise your own strategy. Make it certain that it has what they lack in their marketing campaign.
Be flexible with the services you offer. Besides, acupuncture, perhaps you may have other skills which your clients may need or may find interesting. This can include homeopathy, therapeutic spa, herbal medicine, and body and foot massage. You may also include the benefits and areas which acupuncture can work best.