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!
Web voice mail service is a unique facility that comes along with a hosted PBX phone system, enabling efficient call handling in your office. This facility makes sure that you stay in touch with your customers and employees round the clock.
The Right Communication Alternative for Small Business Firms
Web voice mail service offered through the hosted PBX phone system is a cost-effective communication alternative for small business owners. The key advantage of using this service is that you can avoid any chance of business calls going unattended.
The voice mail service enables callers to leave voice messages when calls to any of the extension phone numbers provided are not attended within a specified number of rings. Calls are also rolled to the voice mail system when all the connections are at once busy. With such an efficient call routing service you can project your business organization as a well-established one among your callers.
Smooth and Convenient Transference of Incoming Messages
The web interface delivers the voice messages to the official email account of the employees as audio file attachments. Therefore the messages can be conveniently checked from anywhere on your personal computer. This service also notifies the arrival of new voice messages by delivering text messages to your mobile number or pager. Thus the chances of voice messages going unnoticed can be prevented.
You can maintain multiple mail boxes for different departments so as to accomplish your specific business objectives. If required, individual mail boxes can be kept by your workforce. The various voice mail features can be customized as well.
Voice Mail Services Available at Affordable Rates
Web voice mail services can be utilized without purchasing and installing pricey PBX equipments in your office premises. The PBX service providers maintain the equipments at their center and the services are offered through a hosted server via the internet or dedicated telephone networks. The services are shared among many users and therefore provided at reasonable monthly subscription charges.
Web voice mail service always keeps you update of every new voice mail that has arrived. AccessDirect provides web voice mail service as part of Hosted PBX system.
What is your primary aim for starting a home based business? Identifying it exposes your driving force which will determine your success in business. It is that which, more than anything else, gives you a sense of direction and purpose, motivates you to your highest levels of energy, and sustains you over the long haul. This article gives the need to discover your innermost reason for starting a business.
What gets you out of bed and makes you work all day? There are numerous possible answers. It could be financial or personal freedom, status, power, competition, possessions and celebrity, influence, getting ahead, recognition, security and success, happiness, fulfilment or your childrens future. The list can go on and on. Understanding your driving force gives you the ability to actively shape your life rather than passively accept whatever joy and whatever pain happens to come your way.
Many people worked towards success, attained it only to discover they are still unsatisfied and unfulfilled. Yet, there are others who, whether successful in the conventional sense or not, experience deep satisfaction and fulfilment. The difference being that the latter built his business with the primary aim on focus. Your driving force should lead you on how to choose a home based business.
Your primary aim is centred round your core values, beliefs, and desires. Look inwards; check your emotions and feelings to discover what it is that propelled or are propelling you into starting a home based business. It is the force that will spur you on to stellar results, wise decisions and strong business relationships. It is a driving force that, when harnessed in your work life will make you more skilful and efficient and let you enjoy work more.
Furthermore, your primary aim is the source of the vitality, the commitment, the vision you need to get the most out of your life and to create a remarkable business in the process. It drives you to take steps to enjoy and maintain personal freedom.
Building home based business without the primary force is the reason why many people quit before achieving their goals. A search for your primary aim for business is the first step to how to keep on going with your online home-based business when you feel like giving up.
Organise Yourself For Home Business Success
Planning is necessary, especially when starting a home business, because it gets you organized. If you have never ‘multi-tasked’ – that is doing more than one important thing at a time, then it will help you if you can write down a plan of action so you always know what needs to be done and any deadlines.
Keep Track Of Progress
You may have for example 10 steps that you need to do to accomplish one thing. Perhaps you can’t do all 10 at once, so you do as much as you have time to do, or have the necessary resources to complete. You can put it aside and go on to do something else that is pressing and make a note to remind yourself that you have not completed this item or that it is pending something that you are waiting for and when you can expect it. You need to keep the wheels of your home business in motion.
Make Lots Of Notes
In any case, if you can organize a plan and make your plan like a ‘to do’ list, it will help you to stay on track. If you have a day planner or a good calendar with lots of space for each day, this will help you. Actually to spare the expense of buying a day planner, you could just take some plain paper and make yourself a calendar of sorts, ideally having a whole page for each day.
The way some planners work you would have space to put a list of things you want to do and then a lot of space below or beside it to make comments and keep track of what you did do and what still needs to be done. If you make these a week at a time you can then for example take something that you started Monday and make a note on Friday to check up on the status of this task. Remember, your home business is your responsibility so it is up to you to stay on top of all the details.
Being Organised Is A Good Habit When Running A Home Business
If you are not organized as a rule, this activity will help you to become organized. Usually when you are starting anything new there are lots of different details – some purely informational and some that are tasks you need to do that are associated. A home based business generally has a multitude of things to do, and you need to be on top of it all. It is good to have it all in one place so if you are making the planner yourself, you could get a few file folders to keep things in.
Your Home Business Will Thank You
When starting an online home business, you will have lots of different link addresses and associated usernames and passwords. Keeping these organized will save you lots of confusion, failed login attempts, tickets to helpdesks, and most importantly, time and frustration. If you start right out from the beginning by organizing your emails and etc into online folders that are labelled by company name, and keeping up your system every time you get something you need to save, it will be a lot easier to find things, especially 6 months from now.
Your Home Business Might Only Be Part Of Your Day
Planning is the key to staying organized. If you are not organized, you can forget things, lose things and generally lose control of what you are doing. Many people starting to work from home also have ‘day jobs’ and so their time online to work on their business may be sporadic – for example a few hours a night, a few times a week, on weekends, or etc. This makes it particularly challenging to stay on top of everything. If you are not organised you will waste time and your home business will suffer.
A Bit Of Planning Leads To A Lot More Productive Time Spent On Your Home Business
Lists, calendars and logs (notes) really can help you not to waste any time or effort and prevent you from forgetting to do something that is important. It may seem like you are making more work for yourself by keeping your plan up-to-date, but it is necessary, at least until you get your home business up and running.