A Home Based Business That Works for You
Author: Maxine Telford-Wolfe
Once you’ve chosen to get started in a home based business you’ve got a lot of choices to make, and the biggest one is… what company to become a part of? In this article we’ll be talking about ways that you can find the home based business that’s right for you!
There are several different elements to finding the right home based business; the product, compensation plan, upfront cost, time commitment and choosing an up line or sponsor. These 5 factors are key in finding the home based business that is going to allow you to succeed.
First let’s talk about product. All home based businesses offer some kind of a product or service that you’re going to be marketing. If a company DOESN’T have a product that is a big red light it means the company isn’t legitimate. Therefore, do not even consider it.
When it comes to choosing a product you’ll want to find something that you are passionate about and that you can market with enthusiasm. If you don’t like the product or service you’re promoting, you won’t be any good in the business… period. Sure you may be able to market it for a little while but after a while you’ll grow tired of pushing products you don’t believe in to the general public.
Decide if you want to market a physical product or some kind of service. You don’t have to know everything about the product but it is good to find out if it really has quality and is going to be of value for the consumer. Once you’ve found the product you’d like to market, move on to question number two; your compensation plan.
There are a lot of different compensation plans out there in the home based business industry. Some are good and some are GREAT. Some are designed to allow you to make a lot of money up front and others are more tailored to building a steady stream of income that will be around for a very long time.
So when looking at a comp. plan you’ll need to ask yourself this… how much money do I need to make up front to be happy?Talk to people who have been in the business before and get testimonies. Find out if the comp. plan really delivers on its promise. Then start thinking about number three… up front or start up fees; initial investment.
Whenever I talk to people about a start up cost they usually get a little spooked at this point. The truth is that any LEGAL business costs money to start. A job you get for free but a business will always cost money, that’s just how it is. The saying: "It takes money to make money" is a true statement as an entrepreneur.
You’ll want to figure out just how much money you are willing to invest in a business up front. A home based business can cost anywhere from $50 - $5000 an it’s a personal choice how much you want to spend. Sometimes the $50 company can be just as lucrative as the more expensive one… but it’s all up to you.
If you are married, sit down and talk to your spouse about just how much money you can afford to invest. It’s a personal decision that has to be made by both parties in a marital state.
The fourth thing you’ll want to think about is time. How much time are you willing or able to invest in a business up front. Some home based businesses are more part time than others.
In some companies you’ll need to spend just a few hours a week to see success. In others, it will be more like a full time job. Like the question of money only you can decide how much time you are really able to devote to a home based business; particularly in the beginning stages. Also feel free to ask the person in the business you are thinking about joining how much time you will really need to spend to be successful. Success stories and personal testimonies are a real perk in a home-based business and often serve as the platform for topics presented at a major business conference seminar.
Finally there is the question of picking the right up line or sponsor for you. Like the other questions this is a very personal issue that only you can really decide on but finding someone that you like and respect is very important. You are encouraged to perform your due diligence. Look at it is a reverse interview to ensure that this person who is prospecting you has your best interest.
You want to work with someone who is going to invest some time into making sure you are as prepared for success as possible and most importantly you want to work with someone who has the knowledge and the know how to show you exactly how to become successful.
If you answer each of these questions and take your time you will have no problem finding the home based business that is exactly what you need to become extremely successful. Follow your instincts, do your research and there is no doubt you will be on your way to a successful career working from home.
Article Source: http://www.articlesbase.com/home-business-articles/a-home-based-business-that-works-for-you-677559.html
About the Author:
Hi, my name is Maxine Telford-Wolfe. I am a wife and mother of three children. I enjoy my home based business and only wish I would have done it sooner. Visit my website: maxineagentforchange.com . Feel free to send me an email at: mtelford@worldwls.com
