subject: 7 Tips To Look For When Choosing A Home Based Business – Part 2 [print this page] 4. What does the Mangagement Look Like? If you are promoting somebody else's product, who's running the ship? Have the leaders had previous success in running and building businesses? How's their reputation? Do they have a good history in their previous industery? That's a great sign. Go with your gut when looking into the company management. Research the company management thouroughly.
5. Can the company reach a global audience? Expansion room is mandatory. If you're market (US for example) were to get saturated very quickly, Can this product be marketed, down the road, in other countries. Countries like Autralia, UK, Asia, South America, Canada, India, etc. If it's a consumable product (vitamins and juices) there are a lot of loops to jump through to even make that possible.
I prefer information products or downloadable product because those can be sold over the Internet. And in any country you can think of. The infomations nich has tons of room for hitting a global market.
6. Compensation - How are you going to get paid and how much are you going to get paid for your work? I prefer compensation plans that allow me to make big up front money (this allows you to get out of your current situation faster) but also have residual income aspects built in so you don't have to work forever.
When you look at a compensation plan and it's too confusing for you to understand it, than it's most likely going to be confusing for someone else to understand it as well. This will make it very difficult to market your product.
I prefer compensation plans that are for bigger ticket items ($1,000 + per sale). If you personally make commissions of $1,000 per sale or higher, you will create a snoball effect and gain momentum very fast and you get to replace your income much faster than MLM and traditional network marketing business models.
Consentrate on business models that give you the opportunity to make at least a $100K+ income in the first 12 to 18 months. The compensation pland should give you plenty of opportunty to realistically make some mula.
7. What about giving back? The law of reciprocity the more the company gives back the more it will get in return. This will, in turn, trickle down to you. The more the company give back the more likely it will be around for some time. Is your company trying to make the world a better place? Are they trying to leave this world off better than they found it? If you feel good about the company you're representing, than people will feel good about buying your products and services because you are being genuine about what you have to offer.
7 Tips To Look For When Choosing A Home Based Business Part 2
By: Ruben Ruiz
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