Month: June 2018
Be careful and don’t get caught up by a home based business scam! Within this article I’m going to go over the various home based businesses and work at home scams. Also I’ll explain how these scams work to rip off unsuspecting newbie.
The first rule of thumb says that if it sounds too good to be true then it probably is. That’s a great rule to follow when looking at ways to earn money from home. Many of the scams discussed within this article offer large sums of money for very easy work. If money was this easy to earn wouldn’t everybody be doing it? Don’t think for a minute that you’re the only one lucky enough to find their site or ad.
The top of the list are data entry scams. ALL advertised data entry opportunities that charge fees are scams! They are deceptive in their offer. A person signs up for paid data entry and what they get is a ponzi scheme.
The way this works is that they suck you in with the promise of easy money. After the person joins they tell you to promote the same data entry job to others or they guide you to Clickbank and suggest that you spend hundreds to thousands of dollars weekly on Google Adwords.
Just because a home business requires a start up fee doesn’t make it a scam. There are legitimate businesses that require a start up fee. The difference is that data entry opportunities use deception to draw people in who need home income.
Data entry schemes are not the only culprit of presenting and selling internet scams as real jobs. The other scams you might run into on the internet are processing refunds, stuffing envelopes, assembly, making arts and crafts and I’m sure there are new schemes popping up everyday.
If you feel that you have been ripped off contact your attorney general. You’ll need to report the companies name, how you found the company and lodge your complaint.
Another great way to get your money back is to do a chargeback. Many people don’t know that it’s as simple as calling their bank or credit card company and requesting that the transaction be reversed. There is a little red tape and a service charge of about $30.00, but it’s worth it. This way the scam company won’t profit from ripping you off.
In closing, be careful where you spend your money and time. Do your due diligence and research any opportunity that requires a fee, especially if the opportunity presents itself to be a traditional job such as data entry. The best option for those looking for a wage or salary based job is to not pay anything to work for someone else.
If you are concerned about the accessibility of your business to different clients in this age of tight competition, the best way to reduce your concerns would be by taking the toll free number. Once you have the toll free number, no longer you have to worry if the customer will not place orders and will not communicate with you by phone because they don’t want to spend their money. By taking the services of a toll free number, you will get more accessibility to the clients all the time.
There has been a misconception that the toll free numbers are quite expensive. But they are actually affordable and the services are available for comparatively lesser prices. Since they are affordable, the playing field can be leveled with large business. The marketing strategy plays an important role in the success of any business firm. Image building and professionalism that you project would surely boost the success of your firm. Here the toll free numbers come for your help as they attract customers to your business by giving an air of professionalism. They also increase the customer’s confidence with the company in matters related to the security of financial transaction. Even if you are doing a home based business, the toll free numbers would help you to create a virtual office.
Most of the times companies would face geographical limitations while selling their goods and services. One of the greatest benefits of using a toll free number is that it provides an excellent option to sell your goods and services to those who cannot be reached otherwise. This extends the sales scope of your product. People would feel comfortable contacting you and they would not stick to the local business firms anymore. Customer service would also be excellent in this case. When a customer is having equations or concerns about a product or service, they would contact you without hesitation. Thus you would get an opportunity to build a relationship with the customer as well as give troubleshoot ideas. In the absence of such toll free numbers, you would not have received so many calls from customers.
If you have used toll free numbers, you would easily say that one of the most useful factors of such numbers is the portability nature. When you are moving your business from one place to another, you can always reach your customers without any troubles or interruption if you use a toll free number. There is yet another add-on benefit; you would be able to carry out the daily business activities as the toll free number allows forwarding the calls to your cell phone, pager, and email or even to your landline.
The package offered by the toll free services would also be economical. You can select a plan in which you only have to pay for the usage and the calls made to your number. Hence there would not be a huge bill if just a small number of calls come in. The charges would shoot up only if there is a vast increase in the number of calls. For small, start up business, this package would be a great relief.
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Usana has been in business since 1992 and ever since they have stated that the Usana compensation plan is the best in the network marketing industry. But is the binary compensation plan really the best?
The Usana’s compensation plan is known as a Binary comp plan which is based on building two divisions in your network marketing organization. Independent distributors are given the rights to promote and build their own ‘home based business’ with Usana, as long as they follow certain guidelines. But why is there so much buzz around the Binary compensation plan being the best? Well, let’s first have a look at what it takes to build a Usana business.
In order to take full advantage of the compensation plan, Usana distributors are responsible for two main activities;
1) Connect the customer with their health care and personal care products.
2) Build a team of business partners who are interested in doing the same.
And that is it. How important is the Usana compensation plan to your success with the Business? Well, there is hot debate on which comp plan is the best, but let’s have a look at why Usana states that they have the best.
First, you want a compensation plan that will leverage your efforts through the organization that you build. Usana seems to satisfy this requirement for all purchases made it an organization will benefit the whole team.
Also, the Usana comp plan is based on the “power of two”. Ideally, if each person finds two people to join the business and work together, everyone would have a thriving business. This is good news for the average network marketer never enrols more than 3 people in their business opportunity. So knowing this fact, it seems that Usana’s compensation plan is attractive.
What is the downfall with the Usana’s compensation plan? Well, it’s not really in the comp plan itself – it’s in people’s ability to tap into the compensation plan and make it work. More specifically, it is in their understanding of How To build the Usana business.
Looking at their continuous record breaking growth year after year, there is no question that the Usana comp plan works. But the average Usana distributor still struggles building their business for they are only taught to build with traditional methods. These methods include face-to-face coffee shop presentations, home parties, hotel meetings, to name a few. These tactics where perhaps effective in the late 80’s, but not many associates feel comfortable building this way.
The Usana compensation plan works, if you know how to effectively market and promote the business. Make sure to check out the link below to learn more strategies on how you can build a successful Usana business.
When looking for a Home Based Business there are 5 very important questions you must ask.
They are:
Question #1: What is the product or service being sold?
If you cannot clearly identify a specific product or service being offered for sale through the Home Based Business, it may be a Pyramid Scheme or a similar type of Scam.
Here’s the reasoning behind it:
If there’s no product or service being offered to the public for sale, how can the company promoting the Home Based Business generate a profit? Where’s the money coming from to pay you a commission or a bonus?
If they’re not making a profit from sale to the end consumer then they’ve got to generate that income from you and other members like you just recruiting other people who are usually asked to pay some outrageous Application/ Registration Fee, even if they call it by a fancy name.
This is nothing more than a Pyramid Scheme and NOT a legitimate Home-Based Business. A popular example is Gifting Programs, there are no Goods or Services being sold, it’s just people exchanging money with other people. Sooner or later somebody is bound to get hurt!
Question #2: How stable is the company?
Why is this important?
Well suppose you found what seemed like a really great company and started building a Home-Based Business with them only to find out 2 to 3 years later that the FTC swooped down on them for illegal practices and shut them down for good?
This actually happened with one company I was working with many years ago.
People became millionaires with this company in a matter of months. It was the fastest money I’d ever made in Network Marketing up to that time, but within months of joining the company it all came crashing down because of problems with the structure of the company and certain practices that displeased the FTC.
I learnt my lesson.
In checking out the company you’ll want to find out how long they’ve been in business and where their headquarters is located. You’ll want to ask about any other Companies they’re affiliated with, like their Parent Company, Sister Companies or Subsidiaries if there are any.
There’s an old adage that goes; “Show me your friends and I’ll show you who you are.”
That applies here.
You can tell something about a company by the company it keeps (pun intended).
In looking at how long a Company’s been in business be careful not to throw away the good with the bad, for instance, a particular program might be brand new but the Parent Company backing that program might have been in business for many years, giving it the stability you’re looking for. Look deep and don’t be afraid to check behind the curtains.
Question #3: What is the quality of the company’s leadership?
Dr John C. Maxwell, international Speaker, Motivator and Best-selling Author says, “Everything rises or falls on leadership.”
It has been my experience that a Company usually takes on the characteristics of its leader(s) so, if you want to know what kind of business you’re about to join, look at the leadership.
Practically speaking, you’ll also want to check out the business acumen of the person or people in charge because they’re the ones making the decisions that’ll impact the future of the Company – Your Company.
Question #4: How good is the compensation plan?
I think The O’Jays said it best; Money, money, money, money… monney!!!
You’re going in business to make money not to look good in a business suit.
And if you have a real Home-Based Business then you won’t be wearing a business suit in the first place, Right?
There are so many different types of Compensation Plans; from the sublime to the laughable. There are 2-Ups, 1-Ups, Binaries, Unilevels, 5×7 Expanding Matrices. There are Spillovers, Powerlines, Breakaways and on, and on, and on.
Here’s what to focus on:
How much is being paid out in commissions?
Too little and it’s not worth your time, too much and the company might not retain enough profit to sustain its continued growth and expansion.
The experts say about 65% being paid out in commissions is the acceptable norm.
Understand the difference between Bonuses and Commissions.
Commissions usually form part of your ongoing residual income. Bonuses are usually temporary financial increases, paid on a specific action, performance or fulfilled quota and as such; do not form part of your regular ongoing income. Focus on good commissions as opposed to bonuses!
Look for passive, residual income.
This is the kind of income wise people seek after. It’s the type of income you keep getting long after you’ve stop working. An author writes a book once and keeps getting royalties from sales years after she stops writing.
The Harry Potter Series made J. K. Rowling a billionaire and now here comes Stephanie Meyer and the Twilight Series – Go sisters, go!
With a Home based Business the same thing is possible.
You can do the work once and keep getting paid forever once you’ve selected a stable Company with good Leadership and the right Compensation Plan with an easily Duplicatable System.
Question #5: Is it easily duplicatable?
Even if you’ve got everything else going for you that’s mentioned above, if the system CANNOT be easily duplicated it’s not going to work.
Your attempt at building a successful Home-Based Business will fail and here’s the reason why:
J. Paul Getty said, “I would rather earn 1% of the efforts of 100 people than earn 100% of my own efforts.”
This is the axiom upon which Network Marketing, MLM’s and Affiliate Programs are built. Zig Ziglar said it this way, “If you help enough people get what they want, you will get what you want.”
Either way you look at it, it’s going to take a team. Teamwork makes the dream work. So, if the system you’re looking at cannot be easily duplicated by the average person who wants to start a Home-based Business how are you going to ever build a successful team?
There are over 475,000 people worldwide starting a Home-Based Business every week, 175,000 here in the USA alone. Most of them don’t know how to build a Home Based Business so if your system isn’t user friendly then, most likely, they’ll find another one that is.
Keep these tips in mind:
We live in the age of Video; this is the YouTube Generation so, if your program makes use of video to help sell the product or explain the benefits that’s a plus.
People have become very wary of ‘meetings’; that’s like a four-letter word to most so, if your business presentations can be done online that’s a plus.
We also live in the Digital Age; Digital Products are the fastest selling commodity on the Internet right now. If your business is involved with the sale or distribution of Digital Information Products that’s a plus because they’re instantly delivered and can cut overhead expenses by as much as 80% for the Company thus increasing the Profit Margin.
This simply means… More money for everyone!
There you have it; my 5 top questions you should ask before joining any Home-Based Business.
You can be successful! Tell yourself this, because it is the first step to achieving your online home based business goals. Mindset is so important, but second to a can do attitude is the right mentor. After all, if you don’t know where to start, it’s hard to be confident.
In the world of online business there is no magic pill. If anyone tells you this, run the other way. They are not your mentor! If you want to make money online, it is very possible, and like anything else requires work. Trust me, I know this from experience. Over the years I have bought into some pretty ridiculous claims, hoping they were true while padding the pockets of liars. Sadly, there are a lot of these types out there. When I saw the write your own paycheck course, I was skeptical until I looked into it further. This course makes no wild promises, just tells you what is possible when you put their steps into action.
I would very highly recommend the write your own paycheck course. This is no nonsense, real information that if you follow exactly, will help you to earn an excellent pay online. This system has 12 different modules, or lessons that include powerpoint, video, audio, ebooks, and each module includes a homework assignment so you can practice what you learn. In all, there are 72 components that take you through millionaire mindset, list building, sales funnels, traffic getting secrets, and more. When you are finished with this course, you will feel great, but when you start earning money you will feel excellent! You can do this if I can, really.
I know that times are tough, and that it’s difficult to find true help on this topic online. There is a lot of junk out there. We are real people offering real results for real effort. There are several options on the website, including a free 9 video course, and an excellent affiliate page with opportunities to make commissions of up to 70%! I suggest doing as many of the options you can, as your chances of success are greater that way.
Believe in yourself and never give up. Just keep putting one foot in front of the other, all the most successful business people have had setbacks. If you run into a setback, rethink, replan, and get going again, it will make you stronger. I know I’ve said it already, but this system is great, and really will show you how to finally make money online from home!