The Best Online Business Opportunity
In this article, I will help you develop a feel for the best online business opportunity for you out there.
Starting a home-based business is not an easy task. Any new entrepreneur will face many obstacles. If you are someone who wants to work from home and make money online, it is paramount you are guided in the right direction from the very beginning when choosing a business opportunity.
First, let's set some basic expectations for making money online and working from home. These are realizations that can save many an entrepreneur from "expensive emotional expectations" - those kinds of expectations that lead to disappointment and ultimately, failure. Here they are:
1) Realize that that business opportunity you are eyeing is actually a business to be taken seriously. Beyond the hype and glitter of an eye-catching headline (typical of MLM companies) is a real work load in store for you. Yes, the hyped up headline you see is promising, but it's only to get you salivating. It's adrenaline, excitement - plain and simple.
Failing to realize this one point alone will lead you to disappointment or worse. You must get it into your head that you are here to start a business, not a hobby you dabble in and not a lottery ticket or free path to endless money. Business opportunities = a real business!
2) Overnight success stories are a hyped up myth. Sorry to break this to you, but those overnight success stories you hear about from those MLM companies are nothing but stories. They rarely go into detail about how much work and expense went into it before the "overnight" success became a reality. Enter with realistic expectations!
3) Nothing is free. You WILL spend money or your valuable time. I don't care how buttered up, glitzy or promising the headline or salesletter is. The fact of the matter is you will have to spend money to earn money. And where you aren't spending money you are spending time. It is essential to understand this.
Now that we have some realistic expectations as a foundation, let's continue to see the characteristics of worthwhile business opportunities:
1) The opportunity provides comprehensive training in your niche. Face it, you absolutely need proper training in your chosen opportunity if you have even the remotest wish of achieving a profitable outcome. It's funny how people think you need training as an employee for a corporation but not necessarily for a home-based business. People have this erroneous notion that simply by joining a business opportunity that this is your golden ticket. It's not.
If you opened a McDonald's but received no training on how to operate the equipment, how to train employees, flip burgers, operate the registers, and create cashflow, you'd be a headless chicken, scrambling to serve customers and make your bottom line. Training is crucial.
2) You receive support from the person who brought you in. When you are new to something, it is inevitable that you will have questions. In fact, the #1 emotion many people feel when they join a business opportunity is overwhelm.
Your sponsor or upline should be ready and willing to help and lead you when you need it. You may have a marketing, technical, or billing question and you SHOULD be asking questions - it shows you care about your long-term success in your home-based business. Just remember to ACT on the answers given and avoid falling into "questionitis" or analysis paralysis - too many questions and not enough action.
3) In tandem with #1 above, it is ideal if the business opportunity offers webinars and conference calls. Attending these activities consistently has the cumulative effect of honing your skills and know-how, and this attracts new members to your downline. It is also very, very smart when you see it from the company's point of view. They want to retain you as a successful producer or distributor, so it's in their best interest to give you the best value in real-time training.
4) Compensation. Yes, this is #4 for a reason. Too many people look at this first, overlooking the first 3 points and then wonder why they fall into the 97% of people who don't succeed with their home-based business opportunity. In any case, you ARE in the business to make money, so you should take a very good lo0k at the compensation plan. What percentage do they pay and how often do they pay out? Good questions to ask.
5) Technological flexibility. Can your opportunity integrate with popular services like Aweber or Getresponse, Google Analytics, or Facebook applications? These are essential marketing tools. Most network marketing business opportunity companies out there have integrative features, so you need not worry about it. Just be aware of WHICH platforms they endorse so you go in with proper tools and expectations.
6) Longevity. How long has this company been around? What has been their growth, and what is their future vision? Ask these questions to get a better feel of the company's direction. There is no guarantee they will be here tomorrow, so ask right at the get go.
These are the meat of the things to look for when applying for a home-based business. Go forth and prosper.
Starting a home-based business is not an easy task. Any new entrepreneur will face many obstacles. If you are someone who wants to work from home and make money online, it is paramount you are guided in the right direction from the very beginning when choosing a business opportunity.
First, let's set some basic expectations for making money online and working from home. These are realizations that can save many an entrepreneur from "expensive emotional expectations" - those kinds of expectations that lead to disappointment and ultimately, failure. Here they are:
1) Realize that that business opportunity you are eyeing is actually a business to be taken seriously. Beyond the hype and glitter of an eye-catching headline (typical of MLM companies) is a real work load in store for you. Yes, the hyped up headline you see is promising, but it's only to get you salivating. It's adrenaline, excitement - plain and simple.
Failing to realize this one point alone will lead you to disappointment or worse. You must get it into your head that you are here to start a business, not a hobby you dabble in and not a lottery ticket or free path to endless money. Business opportunities = a real business!
2) Overnight success stories are a hyped up myth. Sorry to break this to you, but those overnight success stories you hear about from those MLM companies are nothing but stories. They rarely go into detail about how much work and expense went into it before the "overnight" success became a reality. Enter with realistic expectations!
3) Nothing is free. You WILL spend money or your valuable time. I don't care how buttered up, glitzy or promising the headline or salesletter is. The fact of the matter is you will have to spend money to earn money. And where you aren't spending money you are spending time. It is essential to understand this.
Now that we have some realistic expectations as a foundation, let's continue to see the characteristics of worthwhile business opportunities:
1) The opportunity provides comprehensive training in your niche. Face it, you absolutely need proper training in your chosen opportunity if you have even the remotest wish of achieving a profitable outcome. It's funny how people think you need training as an employee for a corporation but not necessarily for a home-based business. People have this erroneous notion that simply by joining a business opportunity that this is your golden ticket. It's not.
If you opened a McDonald's but received no training on how to operate the equipment, how to train employees, flip burgers, operate the registers, and create cashflow, you'd be a headless chicken, scrambling to serve customers and make your bottom line. Training is crucial.
2) You receive support from the person who brought you in. When you are new to something, it is inevitable that you will have questions. In fact, the #1 emotion many people feel when they join a business opportunity is overwhelm.
Your sponsor or upline should be ready and willing to help and lead you when you need it. You may have a marketing, technical, or billing question and you SHOULD be asking questions - it shows you care about your long-term success in your home-based business. Just remember to ACT on the answers given and avoid falling into "questionitis" or analysis paralysis - too many questions and not enough action.
3) In tandem with #1 above, it is ideal if the business opportunity offers webinars and conference calls. Attending these activities consistently has the cumulative effect of honing your skills and know-how, and this attracts new members to your downline. It is also very, very smart when you see it from the company's point of view. They want to retain you as a successful producer or distributor, so it's in their best interest to give you the best value in real-time training.
4) Compensation. Yes, this is #4 for a reason. Too many people look at this first, overlooking the first 3 points and then wonder why they fall into the 97% of people who don't succeed with their home-based business opportunity. In any case, you ARE in the business to make money, so you should take a very good lo0k at the compensation plan. What percentage do they pay and how often do they pay out? Good questions to ask.
5) Technological flexibility. Can your opportunity integrate with popular services like Aweber or Getresponse, Google Analytics, or Facebook applications? These are essential marketing tools. Most network marketing business opportunity companies out there have integrative features, so you need not worry about it. Just be aware of WHICH platforms they endorse so you go in with proper tools and expectations.
6) Longevity. How long has this company been around? What has been their growth, and what is their future vision? Ask these questions to get a better feel of the company's direction. There is no guarantee they will be here tomorrow, so ask right at the get go.
These are the meat of the things to look for when applying for a home-based business. Go forth and prosper.