How to Chose the Right Home Based Business
Let me share a short story with you...
The first time I looked at a home based business opportunity I honestly didn't know anything about the industry.
I thought it was about selling products to people.
After many years of trial and error I finally realize how wrong I was.
In my experience in the industry, I have found out that 90% of the people that are looking for a home based business opportunity does not have an idea of what is involved, or how exactly we make money in this industry.
In this article I will share with you the 2 main types of home businesses out there.
I will tell you how they work and the pay plans each business category has.
I'll also share how to get started in each business, and what it takes to make money.
I bet you have heard of AMWAY or HERBALIFE.
Some time in your life path someone has approached you about joining them on this great money making opportunity.
Lets be honest here, what is the first thing that pops up in your mind when you hear this? I can guarantee is a negative thought.
So let me explain why is it that most of the people don't believe in this home based industry.
The first home based business is MLM.
You all have heard of MLM.
It stands for Multi Level Marketing.
Before I continue I have to tell you, every home based business works, obviously there are some better than other ones, but its all about us, how we think and the willingness to do it that matters.
The way that Multi Level Marketing works is like this: There has to be a product to market.
It could be vitamins, energy drinks, weight loss programs, books -anything you can imagine can be the product to market.
Second, there is a pay plan, after you market the product, your potential buyers pay the company for the product you market, then the company pays you a certain percent.
Then last, there has to be a system to follow.
This is where you can see the differences between a good business from a better business.
The system has to be easy to follow so the people that you invite to join your organization can also duplicate what we do.
Now let me explain the basic idea of the pay plan of MLM.
Fist the company gets paid first for the product that you sell.
Then the company pays you.
It gets interesting when you tell other people about the business that you are in, if they joined, then you get a percentage of what they sell.
This is how you get a residual income, the more people you get in the more income you make from their efforts.
Now you see why is called Multi Level Marketing.
Because the higher level of people you invite the more money you make.
Now, this is the basic idea, each business has specific percentages, legs and downline structures.
However, the main thing to understand is the you get paid for what you sell and you also get paid for what the people you enroll sell.
Some advantages and disadvantages of MLM.
It is usually cheap to get in.
But because it is cheap to get in, it is easy to quit and not make any money.
Now you see why you think so negative about this industry.
A lot of people have tried MLM but 90% of the people that join do not takes it serious.
It was a cheap investment.
This is why a lot of people fail, and because they fail, then they say: those things never work, it's a scam, waist of money, don't do it.
etc.
etc.
A disadvantage is that for some people it might take them longer to see bigger results.
This also depends in how much money you spent on getting started and what the price is on the product you market.
The more expensive the product is the more Percentage you receive.
If you want to be successful in MLM and make some serious money, then you have to have a long time perspective.
You have to stay in the game long enough and you have to be willing to share the opportunity with others.
Get trained.
Could you imagine a dentist doing the job of a ER doctor? They are both professionals, but if the dentist tries to go to the ER and help a patient, he would not know what to do.
because that is not what he was trained to do.
Is the same thing on this Industry.
You are a professional in what you are currently doing, but you had to train to get that way.
So if you want to make money on MLM then train, train, and train until it will be easy to do it.
This is the key, and this is why 90% of the people fail.
They are trying to do a dentist job, when they are sales clerks.
You get my point? The second Home based business.
Network Marketing, or Direct sale.
Here is the same idea of MLM.
The only difference is that the people that buy the product you market pays you first, then you pay the company.
So basically you have the right to market the companies product but you get paid first.
Then you pay the sale price to the company and you keep the profit.
the nice thing about Direct sales is that you don't have to deal with the products or shipping them, the company does all that for you.
Another good thing about Direct sales is that you make money faster.
But to make money faster you have to spend more.
This is because the products are more expensive, In other words it costs more to get started.
The pay plan on a Direct sales is almost the same.
You get money on you personal sales, and on enrollees sales and on the people that your enrollees enroll.
Like I said, there are different pay plans and different structures of how the down line goes and the percentages of each specific company.
Same principle applies as in MLM - to make money in this industry you have to stay long enough and you have to train yourself.
To summarize, yes to start a home based business you have to pay money, either by buying the product that the company is marketing, or by buying the rights to sell the company's product.
Lets be realistic here, nothing is free in this world, and if you are the type of person that wants everything free, then I fell sorry for you.
You are destroying yourself.
To make money you have to pay the price.
Don't get me wrong, price can be defined in many different ways, it is not always monetary price.
Let me ask you.
Are you happy with your current living style.
Do you have what you deserve? What are you willing to do to change the way you have been living? Don't let other people tell you what to do.
Look at your self, stop being a follower, and step up and explore for yourself.
There are so many opportunities out there.
One last thing.
When you decide to enter the Home Based Business industry study the company well, study their system.
Almost all of these industries have conference calls where you can ask questions, go to those.
Make an informed decision.
Don't worry about the price you pay.
As long as you feel there is value for what you are paying, no price is too big.
If you feel you are paying too much to get in then you are not seeing a value on what you are paying.
I recommend that you look for something else.
Once you find your perfect biz, you will notice that what you are paying is cheap in comparison to what they offer in value.
The first time I looked at a home based business opportunity I honestly didn't know anything about the industry.
I thought it was about selling products to people.
After many years of trial and error I finally realize how wrong I was.
In my experience in the industry, I have found out that 90% of the people that are looking for a home based business opportunity does not have an idea of what is involved, or how exactly we make money in this industry.
In this article I will share with you the 2 main types of home businesses out there.
I will tell you how they work and the pay plans each business category has.
I'll also share how to get started in each business, and what it takes to make money.
I bet you have heard of AMWAY or HERBALIFE.
Some time in your life path someone has approached you about joining them on this great money making opportunity.
Lets be honest here, what is the first thing that pops up in your mind when you hear this? I can guarantee is a negative thought.
So let me explain why is it that most of the people don't believe in this home based industry.
The first home based business is MLM.
You all have heard of MLM.
It stands for Multi Level Marketing.
Before I continue I have to tell you, every home based business works, obviously there are some better than other ones, but its all about us, how we think and the willingness to do it that matters.
The way that Multi Level Marketing works is like this: There has to be a product to market.
It could be vitamins, energy drinks, weight loss programs, books -anything you can imagine can be the product to market.
Second, there is a pay plan, after you market the product, your potential buyers pay the company for the product you market, then the company pays you a certain percent.
Then last, there has to be a system to follow.
This is where you can see the differences between a good business from a better business.
The system has to be easy to follow so the people that you invite to join your organization can also duplicate what we do.
Now let me explain the basic idea of the pay plan of MLM.
Fist the company gets paid first for the product that you sell.
Then the company pays you.
It gets interesting when you tell other people about the business that you are in, if they joined, then you get a percentage of what they sell.
This is how you get a residual income, the more people you get in the more income you make from their efforts.
Now you see why is called Multi Level Marketing.
Because the higher level of people you invite the more money you make.
Now, this is the basic idea, each business has specific percentages, legs and downline structures.
However, the main thing to understand is the you get paid for what you sell and you also get paid for what the people you enroll sell.
Some advantages and disadvantages of MLM.
It is usually cheap to get in.
But because it is cheap to get in, it is easy to quit and not make any money.
Now you see why you think so negative about this industry.
A lot of people have tried MLM but 90% of the people that join do not takes it serious.
It was a cheap investment.
This is why a lot of people fail, and because they fail, then they say: those things never work, it's a scam, waist of money, don't do it.
etc.
etc.
A disadvantage is that for some people it might take them longer to see bigger results.
This also depends in how much money you spent on getting started and what the price is on the product you market.
The more expensive the product is the more Percentage you receive.
If you want to be successful in MLM and make some serious money, then you have to have a long time perspective.
You have to stay in the game long enough and you have to be willing to share the opportunity with others.
Get trained.
Could you imagine a dentist doing the job of a ER doctor? They are both professionals, but if the dentist tries to go to the ER and help a patient, he would not know what to do.
because that is not what he was trained to do.
Is the same thing on this Industry.
You are a professional in what you are currently doing, but you had to train to get that way.
So if you want to make money on MLM then train, train, and train until it will be easy to do it.
This is the key, and this is why 90% of the people fail.
They are trying to do a dentist job, when they are sales clerks.
You get my point? The second Home based business.
Network Marketing, or Direct sale.
Here is the same idea of MLM.
The only difference is that the people that buy the product you market pays you first, then you pay the company.
So basically you have the right to market the companies product but you get paid first.
Then you pay the sale price to the company and you keep the profit.
the nice thing about Direct sales is that you don't have to deal with the products or shipping them, the company does all that for you.
Another good thing about Direct sales is that you make money faster.
But to make money faster you have to spend more.
This is because the products are more expensive, In other words it costs more to get started.
The pay plan on a Direct sales is almost the same.
You get money on you personal sales, and on enrollees sales and on the people that your enrollees enroll.
Like I said, there are different pay plans and different structures of how the down line goes and the percentages of each specific company.
Same principle applies as in MLM - to make money in this industry you have to stay long enough and you have to train yourself.
To summarize, yes to start a home based business you have to pay money, either by buying the product that the company is marketing, or by buying the rights to sell the company's product.
Lets be realistic here, nothing is free in this world, and if you are the type of person that wants everything free, then I fell sorry for you.
You are destroying yourself.
To make money you have to pay the price.
Don't get me wrong, price can be defined in many different ways, it is not always monetary price.
Let me ask you.
Are you happy with your current living style.
Do you have what you deserve? What are you willing to do to change the way you have been living? Don't let other people tell you what to do.
Look at your self, stop being a follower, and step up and explore for yourself.
There are so many opportunities out there.
One last thing.
When you decide to enter the Home Based Business industry study the company well, study their system.
Almost all of these industries have conference calls where you can ask questions, go to those.
Make an informed decision.
Don't worry about the price you pay.
As long as you feel there is value for what you are paying, no price is too big.
If you feel you are paying too much to get in then you are not seeing a value on what you are paying.
I recommend that you look for something else.
Once you find your perfect biz, you will notice that what you are paying is cheap in comparison to what they offer in value.
Source...