How Do I Choose A Business? - There Are So Many …
Keywords: business opportunities, making money from home, starting a new business, MLM,
If you are looking to start a home based business the first thing you should do before joining is to do an evaluation of the company.
Keep in mind your number 1 goal and main reason for starting a business and for joining a particular company is to make money and to do it legitimately.
Remember you do not want to hurt anyone or rip anyone off! You are going to be one of the honest, legitimate business people; you want to look after your reputation because a good reputation will help to catapult your business in to the big time.
Over the years I have been involved with a number of companies and have my own criteria I use to evaluate a potential business.
The following is a brief outline of what I’ve learned and I hope that these guidelines will help you determine what company is right for you.
If you are not making at least 75% of the upfront commission when you make a sale, forget it. This means that you are doing all the work and the company and/or the person above you is making all the money.
If you have to have 500, 1000, 10,000 or 20,000 people in your organization before you make any real money. DO NOT Join. Most people will NEVER get there.
If they teach you to hold home parties and tell you to invite all your family and friends. Run away fast.
If they have a sales pitch 2-3 times a day and only 2-3 training classes per week, think again. This means that the company is more interested in selling you than training you how to make money long term.
If you can’t break even or get into profit with 3 sales, forget it.
If you can’t speak with the owners or the corporate office via phone or webinar, forget it. I like to know who I am doing business with before I will do business with them.
If it is a start up or in pre launch, be very careful. The chances of these companies becoming the next Amway is about as good as winning the lottery. At least with the lottery, you have a chance to win once or twice a week. You might as well go to Vegas and blow your money on a good time. At least you’ll have some great memories, see a great show and have a great meal.
There is maybe one exception to the last ‘rule’ and that is if the company has an existing trading record and are launching a new product, then that can be to your advantage because the presence of a good trading history (minimum 12-24 months) can be a good selling point when you are marketing the business and/or products.
These are not all the rules for success on the internet, but this is a great guideline to follow when evaluating an internet company. Use these guidelines to help you narrow down your choices for choosing a company that best fits yours goals.
Mark Quibell is a successfull entrepreneur and business development coach - his last business had a yearly profit over $10 million. To join Mark & his business partner Shay and become part of their next success story please visit www.amazingincome-4u.com
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