3 Steps Towards Finding the Right Business Opportunity
In today's article I would like to share with you the 3 steps that is takes to find the first business opportunity.
Others may disagree with these 3 steps and I will respect their reasons for disagreeing.
However, based on my own personal experience and my own successes and failures with starting a home based business these have been the most effective steps towards finding the opportunity that was best for me and I believe these steps will help you to ensure the maximum success in your own home based business.
Step One: Determining what your income goals are The first step in finding the right business opportunity is to determine your income goals.
The reason I say this is because once you have a good understanding of what you are looking to achieve financially you can start to look at the compensation plans of the various companies and choose the company based on the compensation plan that most closely matches what your income goals are as well as your own ability to grow a network.
For example, let's say that you are looking to earn $1,500 per month in your home based business and you believe that you are able to recruit 3 people into your business and you can help them to do the same.
You now know what you need to be looking for in a home based business.
You will want to look for a business where you can bring in 3 who will bring in 3 and so on until you reach your financial goal of $1,500 per month.
Of course if you need to bring in 200 people to earn $1,500 this may not be the right opportunity for you since it will take you a very long time to reach those numbers with only 3 people on your front line.
Step Two: Do you feel good about the product? The next step is to determine if you can feel good about the product now a lot of people will tell you that doesn't matter and for some this is true but for most of us if we don't feel good about the product we start to feel like used car salesman.
Trying to force someone to buy something that may not be the best thing for them.
When you feel good about the product it no longer feels like you are selling anything to anyone but rather you are sharing about something that you yourself would want just like you would if you just bought a new dress that you think is just fabulous.
A product that you can talk about freely is a good product and will help you to develop the confidence you need to take your business to the next level.
Step Three: The fees to get started This is another step that a lot of people may disagree with but the fact of the matter is, this is an important thing to take into consideration.
If you have $500 you don't want to join a program where the start up fee is $500 especially if there is a monthly fee connected with the service because you won't have enough to keep yourself going after the first month and if you have not brought in enough people to cover your costs you are out $500.
Of course if there are no monthly fees and you have $500 this may be something to consider though you will still want to factor in marketing efforts and advertising budget into your equations.
At the end of the day the fees to get started are important since you don't want to go into debt to build a business if you don't have the basics down.
Others may disagree with these 3 steps and I will respect their reasons for disagreeing.
However, based on my own personal experience and my own successes and failures with starting a home based business these have been the most effective steps towards finding the opportunity that was best for me and I believe these steps will help you to ensure the maximum success in your own home based business.
Step One: Determining what your income goals are The first step in finding the right business opportunity is to determine your income goals.
The reason I say this is because once you have a good understanding of what you are looking to achieve financially you can start to look at the compensation plans of the various companies and choose the company based on the compensation plan that most closely matches what your income goals are as well as your own ability to grow a network.
For example, let's say that you are looking to earn $1,500 per month in your home based business and you believe that you are able to recruit 3 people into your business and you can help them to do the same.
You now know what you need to be looking for in a home based business.
You will want to look for a business where you can bring in 3 who will bring in 3 and so on until you reach your financial goal of $1,500 per month.
Of course if you need to bring in 200 people to earn $1,500 this may not be the right opportunity for you since it will take you a very long time to reach those numbers with only 3 people on your front line.
Step Two: Do you feel good about the product? The next step is to determine if you can feel good about the product now a lot of people will tell you that doesn't matter and for some this is true but for most of us if we don't feel good about the product we start to feel like used car salesman.
Trying to force someone to buy something that may not be the best thing for them.
When you feel good about the product it no longer feels like you are selling anything to anyone but rather you are sharing about something that you yourself would want just like you would if you just bought a new dress that you think is just fabulous.
A product that you can talk about freely is a good product and will help you to develop the confidence you need to take your business to the next level.
Step Three: The fees to get started This is another step that a lot of people may disagree with but the fact of the matter is, this is an important thing to take into consideration.
If you have $500 you don't want to join a program where the start up fee is $500 especially if there is a monthly fee connected with the service because you won't have enough to keep yourself going after the first month and if you have not brought in enough people to cover your costs you are out $500.
Of course if there are no monthly fees and you have $500 this may be something to consider though you will still want to factor in marketing efforts and advertising budget into your equations.
At the end of the day the fees to get started are important since you don't want to go into debt to build a business if you don't have the basics down.