People throughout the world are searching for a business
opportunity every day. There are many
things to consider when choosing a home business, but in my opinion, the two
main things to consider when researching for an opportunity are:
1) Is it a reputable, legitimate company?
2) Is it a good
fit for you? Will you be able to be
passionate about the product or service the company offers?
All the rest of my suggestions here relate to those two
questions.
It can be time-consuming and challenging to find a
business that is right for you, but it is well worth the effort. Just because
you've heard of a company or they have been around for 20 years does not
necessarily mean they are reputable or that it is a good fit for you.
Do NOT rely entirely on the Better Business Bureau! Some perfectly legitimate businesses simply
choose not to pay for BBB membership. While many very good organizations are
accredited and highly rated by the BBB, a while back there were some questions
about the validity of the BBB grading.
Watch this video to learn more.
If a company promises or guarantees a huge income, be
wary. Since some people will never apply
themselves, and some don’t have the right skills for the business, there is no
way EVERYONE will be successful, let alone earn a huge income, with any
company.
If a company’s advertising makes it seem too good to be
true, go with your “gut,” because it probably is. If the company has no product or service to
sell, how is the company staying in business?
If all their income is from bringing new representatives into the
business, it is not a legal company.
When you perform an internet search on a company, if you
find many complaints about the company, steer clear. Keep in mind though that some excellent
companies have complaints filed against them for various reasons, so a few
complaints alone may not mean the company is disreputable. Do your homework, not only on the company’s own website, but also on third party sites to see what those outside the
company say about them.
Learn about the product or service being offered. Would you buy it? What is the cost of the product? No matter how great the product, if it is too
expensive, you may not be able to sell it.
Determine what the TRUE cost of operating your business
will be. Most business opportunities
have a fee involved at some point, whether it is an up-front cost or a monthly
fee. If a company claims that it is
totally free to start and operate the business, determine exactly how the
business is earning money. There are
some companies that tell you there is no start-up cost, but then charge
hundreds of dollars for the training – or you must travel great distances for
training.
When you speak to a representative with the company, do
you feel a “connection” and find them to be honest and open? If they "hype" the business,
overstating your possible income, perhaps there is someone else with the same
company with whom you would rather work.
Your success may depend on the training and support of this rep, so be
sure you feel comfortable with them.
Consider the company’s compensation plan. Some people
like to have “multiple streams of income.”
Others like a simple payment plan.
Neither is right or wrong, but be sure that you understand the comp plan
and that it is acceptable to you. If you do not understand their comp plan,
that company is not right for you.
Determine whether the company pays a one-time commission
or residual income. With residual
commission, you will earn money from each active customer/client who is paying
a monthly fee. Straight commission means
you are paid once for each sale.
There is no business right for everyone. However, if you take the time to research a
company thoroughly, and take advantage of all training offered by the company,
success is up to you.
If you would like to learn about my company, Xpress Healthcare, visit my website.
