Which Online Opportunity is the Best Rated Small Home Business?
Which Online Opportunity is the Best Rated Small Home Business
?Whether you are new to the home based business world or merely researching it, before you take that final leap from the traditional workplace you will be confronted with a ton of options. It can sometimes be difficult to know which work at home opportunity is the best rated small home business, and which ones never took off. This guide will give you the basics of the most common--and successful--ways you can earn money from home. Read through them so you can make an educated choice when it's time to make the commitment to a home-based career.
1.MLM (Multi-Level Marketing)
MLM marketing is a kind of career opportunity based around the theory of residual income. Whether you are selling a product, a service, or merely trying to generate leads in a ClickBank account, the idea is to recruit more people to your operation. You earn a commission from their commission, and then a percentage of their recruits' commissions, and so forth down the line. Over time, the idea is to build enough of a "downline" (meaning earned percentages off recruit commissions) that you no longer have to actively earn income on your own.
Most MLM companies require an investment to get started. You can expect to pay $300-$500 to sign on with most reputable companies.
2.Direct Sales
Direct sales are the most common way to earn money from home, and it's a kind of home based business that has been around for decades. Direct sales means just that, selling products or services directly to an audience. There are two ways to start in direct sales: you can either sell products you make on your own, or sell products made by another company. Obviously, if you sell your own products, you earn 100% of your commission. If you sell for someone else, you make a percentage of each sale.
Often, if you begin direct selling for another company, they have an MLM incentive program built in. This means that you earn bonuses for every person you recruit to the company. Direct sales companies such as Mary Kay and Avon have this kind of combination MLM/direct sales approach well-established. Direct sales are generally quite affordable to get started; most require little or no upfront investment.
3.Turnkey Operations (aka Franchises)
Franchises and turnkey operations are basically two terms for the same thing. These are prepackaged businesses that are all-inclusive, so you have everything you need for success. The most common type of franchise is a fast food restaurant or gas station, in which you buy into the company and get a store that includes everything from fixtures and signage to an international marketing campaign and recognizable logo. Global online businesses are gaining popularity as turnkey operations, and include the virtual version of your typical bricks and mortar franchise.
Generally, franchises can be expensive to buy into; you'll need to show a certain level of financial responsibility and income flow to buy into the major companies. Online businesses may be more affordable, but in general, turnkey operations are the most expensive work from home option.
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