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So you Want to Start your own Home Based Business


When you are looking for the perfect Home Based Business, What do you look for in a good company? A company you will enjoy being a partner with, a business that you will make a long term commitment with?

There are all kinds of home based businesses to choose from with almost any product or service you can imagine, health and wellness, juices, household products, web sites, eBay, insurance ect. There are numerous marketing or sales plans, network marketing, MLM, direct sales, sales and party plans and franchises. You can start your home based business for under 100.00 or into the thousands of dollars. Some companies pay you a commission for just that one sale, while others pay a residual income to you for as long as your customer keeps ordering their products or services.

Good Morning America has just recently ran a short video clip called "Take Control of your Life" Click here to view which explains very well how some direct sales and network marketing companies run their business model.

It is my goal and commitment to coach you to find the perfect home based business for you. When I started in this business I found it very time consuming to find the information, resources and training that I needed to be successful. Through my web site and e-Newsletter I will help make your journey to success as interesting and rewarding for you as I possibly can. I have found far too often people are just enrolled and left to fend for them selves, with very little training or coaching on how to successfully build an income while working from home. Are you coachable? If yes lets get to work, if not, thank you for stopping by and having a look around my web site.

You want your new home based business partner to have a strong financial history, management that has honesty, integrity, a product you like and believe in. When you are working from home you want the compensation plan to reward you well for your time and effort, has a guarantee on its products and your membership kit for at least 30-90 days. You will also want to enroll or join the business with a person or team of people that will coach and train you. You will want to represent a company that has a product or service that is what your customers want and need. You do not want to be working with a company that sells buggy whips, no matter how much you love the whips and even if they are really good quality, the market for good quality buggy whips is just too small.

The company should have a good track record; some thing you can look back over and see what kind of history they have, steady growth and profitability is what you are looking for. As far as I am concerned anything less than five years is to short of a time frame, you are putting your self at too high of a risk of being involved with a company that may go out of business in the future. The failure rate for new businesses during the first five years is very high. when a company goes out of business it takes your hopes, dreams and income with it.

Management must have honesty and integrity, you do not want to associate your self with any business that (after you have completed your due diligence into the company and its management) makes you feel uneasy, it is fairly simple to check on the internet to see if there is bad press about the company or the management. Check to see if there has been any law suits and what they were about, if they were trivial or something very serious. Make sure your working from home business belongs to the DSA, Click here to view, this will give you some assurance that the company is on the up and up.

The product or service must be something that you like and believe in, that helps your customers have a better quality of life. Very few people are successful selling a product or service they do not believe in. You want to show your product or service to people and let them decide if they would like to try the product. There is no sense in trying to talk some one into any thing they do not want, the customer will be unhappy, feel like they have been taking advantage of and will probably cancel the order and send it back. There are many home based businesses that do not require you to keep inventory, you do not even have to touch the product; it is shipped directly to your customer from the supplier. You earn extra income working from home by introducing and explaining the benefits of your product to the customer. Some sales and party plan businesses require you to keep inventory and provide the customer with their new purchase immediately, while other party plan businesses take orders and you either deliver the product yourself or have it shipped directly to the customer.

There are just about as many different compensation plans as there are companies. Direct Sales is pretty easy to understand, you get paid a commission, a percentage of what the product sells for. You may be making money at home on a piece work basis, a definite amount for each product you make or service you provide.

Compensation plans in the network marketing and MLM companies pay you a percentage of the sale for every sale in your group down to a predetermined level, that could be 3 to 10 levels deep, even to infinity in some cases. If you would like to understand how the compensation plans in network marketing and MLM companies work

View a professional explanation Click here to view Brilliant Compensation,it is a very interesting and enjoyable flash presentation by a Professor Charles King from the University of Chicago.

I like the idea of residual income, after you have provided a service or product you earn extra income monthly every time the customer reorders, this is like an author who receives a small amount of money every time a book is sold or a song writer who receives income every time a CD is sold.

Warranties and Guaranties are a must in today's economy. Your home based business must provide a really good guarantee to your new customers. If your customer tries the product and they do not feel they have received a benefit that corresponds to the amount of money they have paid, they will get their money back, no questions asked and for a period of up to at least 30 days and usually longer.

Many companies provide an empty bottle; no questions asked 100% money back guarantee, this should also apply to the membership kit you buy to begin working from home.

Lastly make sure you enroll with some one or a team of people that will provide you with coaching, training and support. You want your home based business to be successful so you can earn extra income working from home.

Follow the training systems that are in place, they have worked before and they will continue to work for the people who apply them selves and follow the system. Your training for your home based business will also offer you ongoing personal growth, development and education. You will learn from your coach how to make and achieve your goals.

Whether you are looking to start your home based business for under 100.00, or if you want to earn a couple hundred dollars extra income working from home part time or a full time income of thousands of dollars a month working from where ever you want there is an opportunity for you. I am here to help coach you along your way to finding your perfect home based business.



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