4 Rules For Selecting Your New Home Based Business
Author: Chris Hopkins
If your looking to start a new home based business in 2010 the internet offers a host of opportunities that could easily see you making a significant income from home this year, but beware as there are also a lot of scams online. To help you make an informed, educated decision about which home based business is right for you follow the 4 rules below to ensure the opportunity you are exploring is legitimate.
Rule 1. Select a home based business with a solid foundation and proven track record
The internet is full of new home based business opportunites, unfortunately many of them have a very short life. To avoid wasting alot of time and possibly blowing your money always check out the company Stay away from prelaunch and start up companies as many of these disappear as fast as they arrived on the scene.A good measure is to ensure the home based business has been in operation for at least two years. To check simply conduct a google search of the company. Read and find out as much as you can about the company and business. Also find out who the owners are and do a search on them.
Rule 2. Does the home based business have a solid,in demand product base and offer high commissions?
Always check present trends to see if the products and or services being presented are going to remain to be in demand. For example you would not invest in a company selling vinyl records as this technology is basically obsolete except in the DJ culture, but even here it is fast being replaced by mp3 technology. Good home based business opportunites are ones that do not require large up front investment in stock Avoid opportunites where you are responsible for holding stock and managing inventory, postage and handling as these become hard work. When it comes to commissions, if you are not making at least 75% of the upfront commission when you make a sale, forget it. This means that you are doing all the work and the company and/or the person above you is making all the money.
Rule 3. Does the new home based business opportunity offer member support? Every home based business owner requires support to achieve success. Make sure the business has a strong support platform with easy access to company leaders and business training The strongest opportunites usually give you access to archieved training sessions so that you can work at your own pace and set your own work hours. The best home based businesses also offer live support, at least 5 days a week with real people that you can talk to who will help you with any questions that you have.
Rule 4. Are others experiencing success with this home based business opportunity?
A good measure of your ability to achieve success is how many sales are required for you to break even. If it takes more than 3 sales to recoup the costs of your original investment forget it The best place to find out the truth about home based business opportunities is to visit the many work from home forums and see what others are saying about the opportunity. People are honest in the forums and often show evidence of earnings and happily disclose both the good and bad of the business, the products and services and the quality of support offered by the company. If you cannot find the answers you are looking for simply make a forum post asking the question, "Is company x a good home based business opportunity ?".
While there are several other factors you will need to consider when choosing a new home based business, these 4 rules are a good start point for you research Use these guidelines to help you narrow down your choices for choosing a legitimate company that best fits yours goals and you will be well on your way to making a good new home based business choice.
About the Author:
After months and months of research, there is one company that stands out as an excellent new home based business opportunity. To learn more about this new home based business visit the link and Watch The Video 4 Reasons Why Most Home Business Bloggers Fail 4 Real Secrets Formulas to Making a Best Work at Home Business 4 Real Secrets Formulas to Creating a Best Work at Home Business 4 Real Secrets Formulas To Making A Best Work From Home Business 4 Real Secrets Formulas To Making A Best Work At Home Business 4 Real Secrets Formulas To Creating A Best Work At Home Business 4 Questions You Must Ask Yourself Before Setting Up A Wholesale Business 4 Pillars Of Business: The Most Successful Home Based Business 4 Neccessary Home Business Expenses 4 Must Haves To Help Set Up A Successful Home Business Office 4 Lucrative Home-based Businesses 4 Lucrative Home-Based Businesses 4 Killer Tips Why Home Business Work Can Bring Nice Results