| HOME BASED BUSINESS IDEAS |
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ASK THE EXPERT
Home > ASK THE EXPERT
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How do I know that the business I am considering is not a PYRAMID?
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For starters a pyramid is illegal. The term “pyramid” is overused and incorrectly used to identify MLM/network marketing business models. A pyramid scheme is a business model that involves the exchange of money without any product or service being provided. If there is a product or service offered, than it does not fit the definition of a pyramid. Most home based businesses are either set up as multi level marketing or direct sales. This compensation model is in fact reflective of most Sales companies, ranging from real estate office, mortgage brokers, insurance and any other financial service companies. They do in fact use a multi level marketing compensation model weather they call it that or not. For instance, when a sale is made the sales person is compensated financially along with the supervisor, team manager and directors all share in that profit. Multi level Marketing is one the most effective and efficient ways to generate large sales volumes.
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| Digging Deeper |
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Multi Level Marketing can be deifined as a sale is made and more than one person makes money on that transaction. |
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Network Marketing/Direct Sales can be defined as a sale is made and one person is paid. |
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Generally speaking network/direct sales marketing models offer the most lucrative income potential initially and will benefit you as a business owner will resulting in a faster return on investment and a stronger likelihood on producing first year profits exceeding $100k. |
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Multi Level Marketing home business models generally have low initial investments and start up costs. Due to the fact that the profits are split between many people $100k plus income can take many years to obtain. |
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Final thought, DON’T BELIEVE THE HYPE. If you have serious goal of making $100k plus per year and the profit margins are less than $100 per sale there is a strong likelihood a $100k income per year is not in your future. To further assist you in your home based business search you can have one of our home business experts guide you thru the process of selecting your home based business. |
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I was just recently laid off from my job and I need to make money ASAP. How fast can I start making money?
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AGAIN, this is all about YOU. This new venture is as much about a career change as it is a lifestyle change. Many home based businesses have simple business models. Simply stated, most of the thinking has been done for you. How fast you make money depends entirely upon how serious you are about becoming a successful entrepreneur. The expert guidance would be the following:
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Finding a Mentor – this is critically important to your success. Make sure the person, team or organization actually has demonstrated the results that you are looking to have. |
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Training – Finding a mentor is only part of the process you want to be relatively certain that the organization provides training to assist you in business set up and to offer proven guidance that will assist you in having success. |
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Proven Track Record of Success- using basic math and the understanding of the compensation model you should be able to determine what you need to accomplish numerically in order for you to attain your income goal. Be sure that the company has been in business for at least 5 years. A business with a 5 year track record is typically in the growth phase of its business model and may represent a proven market leader with further growth in its future. |
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Personal Accountability – Successful work from home business entrepreneurs are disciplined individuals with clear cut goals and a willingness to work hard to get results. If this defines you, than you are 90% of the way there. |
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Final Thought, the home based business market is quickly becoming and industry unto itself. Due to the current economic challenges, just like you millions of unemployed, laid off, overworked and burned out individuals are searching for economic solutions to provide financial security. Home based businesses represent a realistic solution to providing real life financial security. There is “no something for nothing”. Serious minded entrepreneurs expect to make an investment, work from home business opportunities are not jobs. Many home based business opportunities offer income potentials ranging from $1,000 per month to over $10,000 per month. You must prepare yourself to make an investment that is reflective of the potential income you are seeking. Top network marketing professionals making over $10k per month were willing to take massive all out action to obtain financial freedom. If you are serious about a life change and obtaining financial freedom expect a financial investment and a complete investment of yourself. Ultimately, your commitment to discipline and consistent action will ensure that you are creative enough to come up with your financial investment and always willing to take the necessary steps to achieve success.
If you are serious about making money quickly, may I suggest having one of our home business guide experts contact you to further assist you in your search and setting up a successful home based business.
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I have no previous marketing or business experience; can I really have success and find the financial security I am looking for?
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Absolutely! Most home based marketing models are relatively simple to operate and offers tremendous income opportunity. Home based business corporations designed their business models with the knowledge that new associates, like you would have no personal business experience. Most of the systems are general and easy to execute. Since nearly all home based business models are either multi level marketing or direct sales models the company and high level associates have a vested interest in you achieving success.
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| Digging Deeper |
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The most important advice I can give you to ensure your success is the clarity in knowing that increasing economic change in the worldwide market place means that your success is up to you. |
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Set clear cut goals, follow the individuals in your organization that are having success and be disciplined in doing what needs to be done to reach your goals. |
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Final thought, the biggest potential obstacle to success is you. Do not attempt to do things your own way, seek out a mentor who is having the success that you want to have and follow the company’s proven marketing system. It was created to ensure your success! |
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