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Sunday, June 28, 2009

7 Criteria For Selecting Your Home Business Opportunity

- Will you need to warehouse and/or inventory stock? When warehousing stock you will need space - and a lot of it. Be careful or you could wind up loosing your home and/or garage for the purpose of holding enough stock. If need to rent out a warehouse then you should be asking yourself "'is this a real home businessl"?

- What training is provided? Too often a home business opportunity shows up, promises the world and only once you've singed up with them you find that you are left high and dry without any idea of how you will sell your products. The home business opportunity your starting with MUST provide a complete training program. This way you can learn the ropes easily and get yourself making money quickly.

- How old is the parent company? I'd suggest looking for a company that has been around for a while. There are home business opportunities which are legitimate that are quite new, but there is also just as many who are not. Any new company should be viewed with some caution. Can you afford to be their 'guinea pig'?

- What tools will be provided to you? Does your company provide a system to help you manage your marketing efforts? You want to have things up and running fast so you need to be certain the company is able to provide you with systems you need to get operational in the least amount of time. You should not have to source and set up backend systems yourself. A small fee may be attached to company systems which is not unusual and often well worth the cost.

- How benficial is their compensation plan? At the end of the day, it will come down to this. Howsolid is the comission structure with this home business opportunity?. Does your commission equate to the time and effort you will put into making the sales?

- How often will you be paid? Many affiliate programs only pay out once monthly, possibly every 2 weeks. Its best to find one that pays you up front. When the customer pays you directly you will be in a much better position. This frequency of payment will be vital to your success.

- Small Ticket items versus Big Ticket. This really comes down to your personal choice. Choose well is all I can say. Smaller ticket products will need more marketing because you need to move a so much more product. This is why big ticket items are often more of an advantage. You can make just 1, maybe 2 sales each week and put a serious amount of money in your bank. Small ticket items on the other hand would require you need sell over 100 units a week just to break even and a large market to work with.

The Bottom Line is this;

No matter which home business opportunity that you are getting involved in, make certain you know exactly what you expect to get in return. Support is vital, tools must be available to assist you, there should be concise training and support, a clear and beneficial commission plan and you should be paid as quickly and as often as possible.

Andrew_Kolyvas

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