As a personal development coach and counselor, and former
investment advisor I have people asking me for my advice
all the time. So I'd like to spend a couple of minutes here
to give you my opinion regarding what to look for in a home
based business. There are five things I look at when trying
to find a quality home based business.
The first one is you need to know about the product - Is
this a product you would buy even if there was not a
business opportunity behind it. Something you would be
comfortable telling other people about and not be
embarrassed, something that stands alone, that you would
use on an ongoing bases.
The second thing you need to look at is the pay plan. The
pay plan is very important, especially if you are going to
be putting 20-30 hours in, maybe extra hours over and above
what you are doing for your job. You want to be able to
make some real money and be able to make it quickly.
If I make $20 dollars a month out of the gate and I have to
keep buying more and more products to make more money -
that's not what I consider a good pay plan. I want to be
able to make money right away and it has to be big money. I
don't want to be making $15, $20 or $100 dollars a month. I
want to be making thousands. I think I am worth it and the
business opportunity needs to be worth it.
The third important factor is the company. It can't be a
fly-by-night company or a brand new company that no one has
ever heard of before. You don't want a company that just
came out with some lotion or health potion. It needs to be
a viable business and a viable company that you know is
going to be around if you are going to be putting all that
energy into it.
The fourth important factor is personable automation. I
don't know about you, but I didn't want to leave my 9-5 job
by starting a business that required 40 hours a week or
more. I wanted something I could automate. Something that
I could put on autopilot once I got things set up. What
good is a lot of money if I can't get away to enjoy it. So
the business needs to have a system to make sales even when
I am vacationing in Hawaii.
Having said that, I add a big caution. There are some
businesses out there that say that they have a system that
puts everything on autopilot. You never have to speak to
anyone, you don't need to know the product, and you don't
need to do any work. The system will do all of it. Well
that's just not going to happen. The greatest strength
about automation is also its Achilles heal. At some point
you do need some personal contact. And that brings me to
my last point
There needs to be real people available to help you build
your business. A lot of people go into a business only to
discover that the person who brought them into the business
is hiding behind an internet site. You don't really know
who they are. Or maybe its somebody who is not really in
business. They just joined something and in thirty days
they're gone. And you are left asking yourself "Who the
heck is going to help me?" Make sure there is a real
person who you can call and email who will be there to
support you. Know that there is someone who is willing to
invest in you to help build your business, someone who will
be there for you.
Those are my five "Must Have" Factors for a Profitable and
Dynamic Business Opportunity I hope this has been helpful
as you think about which home based business you would like
to get into. And if you ever have any questions or want to
find out more about what businesses I recommend, contact me
and I'd love to discuss it with you.
----------------------------------------------------
Greg is a successful entrepreneur, business coach and
licensed counselor. Currently he is dedicated to mentoring
others to success one to one. He is the author of "Your
Goal Mind" and is currently collaborating on a project at
http://www.ForwardThrive.com
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