New Business Opportunities-Are They Right for You?

Have you been looking into home-based business opportunities? With many new business opportunities popping up every day, you may wonder which are here to stay and which should be avoided. Home utilities, cell phones and tools are three multi-level marketing opportunities currently available that you may like to try. Can you actually make money from a business such as this? Before you go signing up for what is being labeled a unique business opportunity, there are certain things you should take into account to determine if this is the right course of action for you.

What is the success rate of this particular opportunity? Did you know that approximately 50% of all representatives who sign up for an opportunity drop out within a year? After a five year period, 90% are no longer selling the products and services and, within ten years, this figure goes up to 95%. Small businesses, in contrast, tend to make it longer. According to the SBA, 44% of small businesses are still in operation after 4 years and 31% after seven years.

When looking into these new business opportunities, do your research. Learn who your upline will be. Don’t go up one level; go all the way to the top. Do you trust these people and how much information are they willing to share with you? If you were opening a business with a partner, you would investigate him or her. Do the same here with your upline.

Once you are familiar with your upline, look into the products and services you will be selling. Do they have a good track record? Learn your competition. Many people think it is easy to make a sale, but this isn’t always the case. You have to love your product if you want to convince others they will love it too. Make use of the products yourself so you learn the good points and the bad about each one. If the products are good and needed by consumers, you should be able to recoup your investment in a very short period of time.

Were you pressured to join this company? A good representative won’t pressure others to sign up. Rather, he or she will look for people who love the products and/or services and recommend the business opportunity. If someone is giving you a hard sale to get you to sign up, you should keep looking for something that is a better match for you.

Know what you are looking for from the business opportunity. Do you want to bring in some extra cash or want to quit your regular job? If the answer to either of these questions is yes, keep looking. If you think the products and services are the best available and want to share them with others, you are ready to start with the business. This one thing alone does more to guarantee success than anything else.

Thank You

Chris Benoit

http://www.WorkWithChrisBenoit.com