If youre serious about having a home based business, then you need to prepare. The leading reason for a failing home based business is the lack of preparation people commit after theyve made a decision to start a home based business.
So what kind of home based business opportunity should you take on Do you want to have an internet-based home business Millions have done it, are doing it and are earning good livings doing so.
Here are three different kinds of Internet based business models you can try:
1) Be an online retailer for reputable companies. Your home based internet business can give reviews about all the products and services of these companies. Your customers will browse around your website, and then click on to the link. The link will send the customer to the companys customer service website, which takes care of processing and shipping their order.
Your home based online business website does the marketing, promoting and advertising aspects for these companies. Your commission comes from the proceeds of the sale. You dont even have to spend money for expensive e-commerce software.
2) You may not be able to bear the pain of separating from your oldest possessions, but how about auctioning these things off For a minimal entry fee and closing fee, you can put your prized possessions on auction at Ebay or other spin-offs found on the net. This is a virtually free home based business since you dont pay for web presence. Youll get traffic since Ebay receives as many as 4 million visitors a day, and you wont need to worry about your e-commerce software. Plus your small home based internet business stays open even when you go fishing!
3) Sell information. You can start your home based internet business by writing on a subject that you enjoy or are knowledgeable about. If you can do this, then this small home based internet business is for you. Write your e-book and sell it on sites like Ebay.com, ebookAd.com, or Clickbank.com.
These home based internet business are all simple and easy enough to do. You can earn a living on these ideas if you view this small home based business with passion and commitment.
Just remember these home based internet tip:
Constantly fine-tune your marketing strategy and always test new ad copies to see what brings you the most sales!
Copyright 2005 Kent Thompson
Find out how you can make $1000 per sale in one of the hottest home based businesses! Check out
Type home biz opportunity into Googles search engine and you will get about 10 Million entries. Also, there were 409,212 searches using the search term home-based business. This new approach to rating home biz opportunities is based on 11 objective major criteria and 7 minor criteria. There are no web sites that only rate home biz opps, only those that review some opps only to point you to their specific opportunity.
Each major attribute can earn 7 points, and each of the 7 minor attributes can earn 3 points each. Ratings will be: Excellent, Good, Average, Poor, and Scam. Excellent requires a score of 90 or above, Good requires a score of 70 or above, Average requires a score of 50 or above, Poor requires a score of 30 or above, and Scams get no score at all. The score totals mentioned above are for all 11 major attributes and the 7 minor attributes. The perfect home business opportunity would score a 98 using these criteria. However, there are no perfect home business opportunities, no matter what the promotion brochures say for a specific opportunity.
Some of the many questions or considerations involved in rating a home business are -
How big is this market
What is the industry trend
Is the industry expanding
What is the nature of the product or service
Is the product consumable
How is the product delivered to the customer
Is there a proven business system
Is there a good support system
Is the company well respected
Will you be ahead of or behind the trends
Are you early or late in the product and industry cycle
Do the products provide value for the cost to the end user
Does the company have any exclusivity or patents
Regarding the competition, who are you marketing against
Are there good profit margins
What is the payment or commission scheme
What are the sales methods involved
Is the company On the Net and are they E-Commerce enabled
What level of administration is required
Is training available from your upline
How great is the potential to make money in this business
Do you know someone with experience in this business
Do you have to do all the work or can you earn overrides
What is your gut feeling
Will the company train you
How soon will my investment come back to me as profit
Can I work this business at my own pace
How long has the company been in business
As you can see from just the limited set of questions above, there are a lot of things to consider before you decide to invest your time and/or money in any home business opportunity.
THE NEW OBJECTIVE APPROACH
This system used to rate home biz opps is based on 11 primary considerations and 7 minor considerations. They are -
Primary
1. Product or service
2. Product price and market competition
3. Company
4. Proven business system
5. Available support system
6. Available training and resources
7. Compensation system
8. Profitability
9. Costs involved - both startup and recurring costs
10. Will I have full control over my business
11. Can I work this business at my own pace
Minor
1. How is the product delivered to the customer
2. Does the product/service have an automated delivery capability
3. Is the company On the Net and E-Commerce enabled
4. Are you supplied with business tools to make your live easier
5. What level of administration is required
6. Consider whether you will be ahead of or behind the trends
7. How great is the potential to make money in this business
Using these objective factors will save those looking for home biz opps a lot of time and many dollars that would otherwise be wasted.
Copyright 2005 Roger Staubus
Roger Staubus, CPA
Author of New free e-Book, Looking for a Good Home Biz