Archive for the 'home business opportunity' Category

23
Aug
12

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

 

25
Jul
12

Multi Level Marketing Conspiracies Unleashed

Are Multi Level Marketing “MLM” business opportunities a pyramid scheme or a legitimate way to earn stratospheric income.  Everyone pursuing a home based business on the internet or through classified ads has seen the outrageous claims of instant riches with little or no effort.

Not too long ago MLM was a legitimate business which provided a way for companies to get their products to customers in small towns and rural areas which had no access to their goods. The MLM structure gave flexibility to distributors with little or no paid advertising.  Companies such as Amway and Herbalife utilized recruits to sell to friends, family members, coworkers and anyone else they could find to buy the product.  Inherent with this system is the need to gather a large group of recruits or a “downline” to purchase the goods and continue to this process.  This is where the pyramid aspect of MLM originated.

Who Profits?

As in most bottom heavy organizations only the top 2-3% are going to profit.  The drop out rate is astronomical.  Over 90% of recruits quit within the first 30 days.  For MLM programs or recruiters to be successful in today’s market they must constantly recruit.  Recruits will buy the product with hopes of realizing incredible gains only to end up filling up their garage with product they cannot move.

One weapon that has increased the ability to add recruits is the power of the Internet.  After recruits have exhausted or alienated their circle of close friends and acquaintances, they need to find more bodies.  All MLM programs provide recruits the ability to buy leads.  However, most people dislike calling prospects and soon lose more money on this process.  The next frontier for distributors is to mine for prospects by advertising on the Internet.  While this is a viable alternative to offline advertising, there is a great potential to lose more and more money without the proper training.

What is the answer?

As in any venture one must do their due diligence and thoroughly research the MLM opportunity.  There are many legitimate MLM companies that have built great publically traded companies that provide employment opportunities and income for many people.  However, ask yourself, why should I have to purchase then resell this Product?  If you are advertising and selling the product shouldn’t a legitimate company facilitate this for you?  Yes they should and it’s called “Direct Sales”.  In a legitimate Multi Level Marketing organization, commissions are earned on sales of services or products not from recruiting associates.

In the end it all comes down to finding the right opportunity.  Fraudulent MLM companies will require exorbitant start up fees and require the recruit to buy expensive amounts of product.  Seek transparency and filter out the losers. Do your homework, find your comfort level for losses in the beginning and be prepared for the long haul.  Anything that promises instant riches and very little work is looking to profit from a weak and unknowledgeable prospect.

Chris Benoit

www.WorkWithChrisBenoit.com

23
Jul
12

Looking for Work from Home Business Ideas? Find Some Tips Below!

Finding work from home business ideas is the goal for many different people. Unfortunately, there are a number of different people out there looking to take advantage of this fact. This means that there are a number of so called business ideas that are really just vessels for taking your money. It’s up to you to do your homework to find the legitimate programs and avoid the scams.

The first thing that you have to understand is that while there are a lot of legit ways for you to earn money at a work at home business, many of them weren’t designed for making money fast. For example, you’ll find that there are a lot of people blogging for money. This, however, takes time because you have to build a following, enough so that other companies will want to help you monetize your blog. Some professional bloggers say that it takes at least two years to make a good income from blogging.

This, however, doesn’t mean that if you’re good at writing that you shouldn’t pursue a from home writing job. You will find that there are a lot of different ways for you to earn money from home as a writer. You can reach out to SEO companies and offer your writing services to help them with their marketing campaigns; you can join writing gig forums and more. What’s more, there are magazines and newspapers frequently holding contests to help them find new writers to their staff.

Many people find that they can be successful as an affiliate marketer or when joining a multi level marketing program. It’s important to note that both of these options require you to put in a lot of hard work, but the payoff can be extraordinary. This is especially the case if you can get in on a ground breaking idea.

While the Internet provides many excellent opportunities, these are not the only place for work from home business ideas. You can start a business as an at home educator. This is someone who works as a tutor, provides online tutoring, helps home schooling parents develop curriculum or gain the necessary skills to teach their kids and more.

If you have a degree in psychology, you can help people personally. Many therapists run their businesses from home. You can also act as a life coach, which doesn’t require any specific college education, help people organize their homes or their lives and more.

There are a number of working from home ideas that can help you to succeed at your own business. Working for yourself can be very rewarding, but it does require discipline to be successful. If you feel that you have what it takes, then make a list of things that you’re good at and see how you can turn it into a work from home business.

Chris Benoit

www.WorkWithChrisBenoit.com

16
Jul
12

Online Home Based Business Opportunity

Are you looking for a legitimate online home based business opportunity? This has become of great interest for many people since there is a lot of money to make online that has become apparent in recent years. This has caused many people to try different tactics to make money online but unfortunately, scams have risen out of this in an attempt to make money off those that are trying to find a true legitimate home business opportunity.

The only way to have a “successful home business” is to begin with a solid foundation and make sure you have the tools you need to run the business. For starters, you need to have a business plan or at least a guide to what your new company is going to be about. For instance, do you plan to sell an actual product or is the business more service oriented? For example, starting a consultant agency is definitely going to be a service or advice that people are buying as opposed to something tangible they can hold.

The next step in preparing for your home based online business is to have the office space or some part of the home designated for your business. You’ll need to have a computer, Internet connection, and a phone. You will also need to set up a website that explains your business. Do not take this step lightly since your website is what gives visitors a first impression so you want to make it good. If you do not know how to set up a website, this may be your first expense as a new business.

You will also need to have your website optimized so that the search engines, namely Google begin to index your site in the search results. You can do this by using keywords that are the most searched as they relate to your business and then build quality articles around these keywords. All of this might sound small, but if you can’t get traffic to your site, you will not have many new customers.

It’s important to use other free marketing strategies for your new online home based business opportunity that you’ve undertaken. One of the hottest ways to do this is via social media marketing. This includes the social media websites such as Facebook, Twitter, and Pinterest. You can use these to get more people to your website and interested in your product or service. Building a new home business takes time and there are true legitimate opportunities available, you simply have to take the time to do your research to find one that best suits your interests.

Chris Benoit

www.WorkWithChrisBenoit.com

 

23
May
11

Can Entrepreneurialism be the Saving Grace?

Everyone wants security and at one time, a person’s job gave him or her that security — but not anymore. When government jobs begin to lay people off or force days off without pay, some may view this as the writing on the wall. At one time having a government job meant security and that you could retire on that job. With the economy, the way it is today, entrepreneurialism may be the saving grace. There are people who aren’t waiting to get that notice; instead, many are leaving the workforce to carve a piece of the entrepreneurial pie for themselves.

Owning your own business is risky and in fact, many people fail when starting an entrepreneur home based business. Nevertheless, what entrepreneurs have in common is that they don’t view a failed business as a failure. They see it as an opportunity to get it right the next time. A failed business teaches them not to place all of their eggs in one basket. These people although few far and between, won’t stop until they are successful and that is what puts them above the masses that quit after the first try. To jump in the pool of entrepreneurialism, you must develop a no quit attitude. Partnering with other entrepreneurs is also a good strategy for success.

At one time, it was unheard of to start a business with less than $100. Now, with the help of the Internet, you can do just that by starting a home based business. In fact, many small cleaning companies have been started for less and become empires in the cleaning industry. Content mills are another example of using the internet to provide a product that is in demand. These companies hire writers to provide web content to other internet entrepreneurs who need it to help build traffic to their website. At no better time could a person become a business owner with their hobby. The resources are available thanks to the internet and the small business administration. In addition, selling a product or someone else’s product has pushed individuals into successful business ventures. It is a loop of entrepreneurialship that has been proven to work.

Trying to be the biggest company is no longer the focus of entrepreneurialism. Just being able to call your own shots and making ends meet without punching a time clock, is what it is all about for many people who take that leap of faith. The only characteristic that sets rich people apart from poor people is their stick-to-itiveness and possibly their refusal to work for someone else. Job security isn’t want it once was and entrepreneurialism is a chance at creating your own job security. Your success greatly depends on how hard you are willing to work. You won’t ever fire yourself and you will have yours and your family’s best interest in mind at every decision-making meeting. If you view entrepreneurialism as your way of never being able to be fired than, you may have that entrepreneurial bug in you too.

Christopher Benoit

http://www.WorkWithChrisBenoit.com