Thousands
of people are searching for a business opportunity every day. The first things to consider when researching
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?
It can
be time consuming and challenging finding the right business for you, but it is
worth the effort. Because you've heard of a company does not necessarily mean
they are reputable or that it is right for you.
Warning: Do not rely completely on the Better Business
Bureau. Some businesses simply choose
not to pay for BBB membership. While many very good organizations are
accredited and highly rated by the BBB, there was a time a few years ago when
businesses could purchase a high rating with them. Since this situation was publicized, it is
likely they stopped the practice. Watch
this video to learn more.
http://www.youtube.com/watch?v=Yo8kfV9kONw
If a
company promises or guarantees a huge income, be wary. Some people will never apply themselves; and
some don’t have the right skills for the business. There is no way everyone can be
successful, let alone earn a huge income, with any company.
If a
company’s advertising makes it seem too good to be true, trust your
judgment. It likely 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 people into the business, it
is not a legal company.
When
performing research of a company, if you find many complaints about it, look
into those complaints carefully. Keep in
mind though that some excellent companies have complaints filed against them
for various reasons, so a small number of complaints alone may not mean the
company is disreputable.
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
the TRUE cost of operating the business.
Virtually all business opportunities have a fee involved at some
point. It may be an up-front cost, a
monthly fee or both. If a company claims
that it is totally free to start and operate the business, question it. There
are companies that tell you there is no start-up cost, but later charge for the
training, websites and more. 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.
When
you speak to a representative of the company, do you feel a “connection?” Do you believe they are being honest and open
with you, or are they “hyping” the business?
Hype should be a red flag for you.
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.
Does the
company pay a one-time commission or residual income? With residual commission, you will be paid
monthly for each active customer/client.
Straight commission means you are paid only once for each sale.
There
is no business right for everyone. Take
the time to research a company thoroughly.
Then, do whatever it takes to succeed.
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