Pros & Cons Of Home Based Business, What to keep in mind when Looking at extra income
March 30, 2010 by admin
Filed under Network Marketng
The Pros & Cons Of A Home Based Business
Having a business run from home has many advantages. We love having a low cost home run business simply because it could give us some extra cash and also for its flexibility. Men and women from all walks of life get attracted either from a hobby perspective or making money part time. Quite often these hobby businesses turn out to be very profitable enterprises.
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Home Based Business has many virtues as well as short comings. For people who want independence yet with a feeling of interdependence then a good home based business in network marketing will provide you all that. Most network marketing companies will offer you the freedom to work for yourself and yet not by yourself. This way you get the best of both worlds.
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The freedom to work for oneself and the promise of extra income is always very attractive. Most home based business are relatively cheap and easy to get into with little or no past experienced required.
Most networking or franchise opportunities give the new business owner ample resources to get started on the right track.
Network marketing is a fantastic way to start and though it may have many advantages it can also have its short comings , though they maybe comparatively few. To mention a few, well to start with you need discipline and focus. You need to set your goals and game plan to succeed. Though you have a lot of support and mentoring you do need to have a very strong desire and a huge dream in place. This is help heaps when you feel discouraged and want to quit as most often what you invested is not a lot and quitting can be a lazy option out especially when you have not much to lose as compared to a franchise investment, where quitting is not easy.
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The drawback of a franchise is that it will cost a bit more. You are buying a proven business model and have to work the hours to make the income. In franchises you do work for yourself and also by yourself. You have fantastic training from the Franchisers yet you are expected to work your business all by yourself. You can ask for advice and quite often its free. Other times you may be billed for specialized training. Most extensive training in franchises will have to be paid for and most often you are compelled to attend as its part of your franchise agreement.
Most franchises start off at around the $25K mark and the income is limited to the hours worked. This is similar to traditional business models. Some franchises can make you very rich depending on the amount spent or the franchise purchased into.
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I shall go into the pros and cons of comparing the two ie "networking vs franchises" in a later review. If you want information fast take a look at two special videos on a website of mine. Click here!
Disclaimer: I do not make any income claims nor do I run down network marketing or franchising. Each has their place in our business world. My little exercise here is just my thoughts to help you move forward right now.
What do I mean by "Independence"?
Most people want to be their own boss and try their best to run away from employment only to risk everything in a tiny ice cream franchise or single operator venture to find themselves trapped even more than when they were in employment. Good examples in the western world are lawn mowing franchises. You get a slightly above income yet work more than a 40 hour week in the harsh sun.
Trying to find independence by jumping into business may not be the right way to go about looking for a solution to your financial worries or better working conditions. If you do that you will find that you have created a bigger trap than what employment had in store for you.
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Just take a stroll around your local Super mart and see the poor operators working or for a better word- "SLAVING" away the lion share of the hours just to scrap together a living. They most often cannot take extended holidays like most well paid, or above average paid employees enjoy.
So why do they do this to themselves? The answer is most people live paycheck to paycheck. They don’t save up or have any financial backing behind them. When they lose their jobs or come to retirement they are forced to take on extra work.
Most often they cannot find work because they are too old or not skilled for the next job. So the only way they can get a living is to buy themselves a job. Just look around you and see what the age group of ice cream vendors, lawn movers, courier drivers are? Most will be over 40 years old and quite a few over 55 Years old.
Do you want to be like them too?
If nothing changes nothing will change and you will find yourself doing what they are doing in 5 to 10 years from now… Slaving Away!!
Do you see yourself doing this?
These poor people have risked their home mortgages to get the finances together to raise capital just to buy themselves a job. Shopping Center management love these people as they pay high rentals and will not easily walk away from their leases as they can be sued. I was one such victim 11 years ago.
I am speaking from Experiences!
I am speaking from experiences of being one such operator in the nineties. It was hard work. I rarely saw the sun, let alone my kids back then.
Most small time operators actually do that going from a 38 hour week to maybe working over 65 to 70 hours for less money. They call themselves being the boss but in reality they actually work harder for less money. They may seem to earn more. Have a bigger house, fancy cars, etc. But do they have the free time to enjoy it all. Most often the poor family works late into the night just catching up with the day’s paperwork and getting ready for the next day’s work load.
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Well here are some of the Pros of having a home based business:
- You work for yourself
- You set your working hours if all is good
- You define your work place and who you work with
- Your income most often depends entirely on your efforts. Most often you land up earning more than what you get from a job. Though you may be putting in 30 to 50% more time.
- You do not answer to any one
- You can have a feeling of satisfaction when things go your way
The Cons of a homebased Business:
- If you have staff they answer to you and any mistakes you get to keep the blame
- You can land up working longer hours as your work spot is in your spare bedroom, only a few feet away.
- If the business makes little or no money you don’t get any income
- If you work harder you don’t get over time
- All initial expenses will come out from your personal savings.
In spite of this most people want to work for themselves. There is a catch.
If you want to have a business make sure its INTERDEPENDENT or in other words, though it may look like you are now independently working for yourselves you are not working by yourself. You have a team of people who also work independently yet all of you contribute or are responsible in a way for each others success.
This can translate in a WIN-WIN for all.
Find a business model that does not compromise the two parties in the business, its a win-win for both.
You can pool in your resources of skills and time and build huge businesses for yourself yet be independent.
I hope I have not got you all confused by now.
Most people are not aware that MLM or multi-level marketing companies offer individuals to do exactly that to the last letter. You work independently though you are not by yourself. Your co-distributors as well as the company will train and support you to get your your first cheque. No-where else will you get free training as that seen in network marketing companies. In fact you will be encouraged to do better in the team as your performance will never undermine that of the team in any way. ( Other topics- How to select a home based business?)
This is a great WIN-WIN proposition where there are no compromises. Everyone will win on their their terms.
If you have no idea what is network marketing then here is a simple explanation. I have a fantastic video on one of my sites and you are welcome to go there and see what the whole concept is all about. The information is totally free. In case you want to know which company i belong then drop me a line and I will share that with you too.
Click Here for the movie links.
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Selecting A Home Based Business, How to Ideas On HomeBased Business
March 27, 2010 by admin
Filed under Network Marketng
How To Select A Home Based Business?
Selecting a home based business though easy may not be as simple as you think. It is probably due to the fact you don’t use the same due diligence that you would exercise in a traditional business as most often the outlay being less makes you feel that investigating the opportunity may not be necessary as the business does not cost a lot, so why bother. You tell yourself if it works out fair enough other wise I have not lost much.
This is definitely a very bad attitude as it sets you up for failure from day one.
Interestingly if you make a mistake you could stand to lose a lot just by wasting time with the wrong opportunity. Good opportunities could in that same amount of time have made you a tidy extra income if you had put in the same energy and time.
Most people are looking for a way to earn extra income and are picking up opportunities everyday that family, friends, work mates or the internet provides them with. As most of these businesses are relatively cheap, between $1 to $500, people are not to cautious and will jump into an opportunity pretty fast, just as fast as they jump out when it does not work out. They get carried away by hype, wild testimonials and promises of quick money. Get our newsletter>>>
Some of the hype are:
- You really don’t have to buy any products once you are a member, just sign up for a set fee and recommend people to do the same, or
- You don’t have to go for any meetings, whether they be online or off line, the system will do everything for you
- You don’t have to attend any training, or
- You don’t have to do any marketing, or
- You don’t have to buy any products on a monthly basis, or
- This is such a cheap business, it’s only xyz dollars only, so why not try it,
- And the list goes on.
What you don’t realise is that the person selling you the home based business program is really dwelling upon your habit of being lazy and wanting to get rich fast. He knows where your weakness lies and will try his best to sell you something based on what you want, even if you do know it may not be true in your heart of hearts. That’s because human greed and laziness plays a major part in part lives. This is a WIN-LOSE situation….. They win , You LOSE!
I can vouch for that as I see my 84 year father-in-law constantly buy into every network marketing or internet marketing deal that gets launched as he thinks the next one will be the one making him a millionaire. The dream of getting there is so powerful that we forget what will actually get us there.
Where Do We Go Wrong?
How wrong is he now? Can it really happen that home based businesses can earn us extra income or create wealth? Yes it can but my father-in-law or you need to do a few things and do some part-time work maybe 5 to 20 hours a week minimum before you actually see any rewards. What most of the so called GURUS don’t tell us openly is that they actually were working at their programs or lists for maybe 7 to 15 years and now can command huge incomes because they have a huge following. Even Mike Dillard says so in his newsletters. He mentions how he struggled for years before he finally started to make money. Want to learn how the successful home business networking success stories build their business then … Click Here>>
There is no easy road! You should learn from others who have travelled the road less travelled and follow them to success.
Selecting the Right Products!
A good business must have great products that people can buy willingly and the quality of the products should be well above the standards of those readily available from the stores. Secondly the product knowledge as well as customer service you give your client is priceless as this is not seen a lot in large stores these days. This maybe one main reason why most people will buy products from a home based business distributor as they get high level of support- both before and after sales. Use this reason to base your whole business approach on. It will pay off in the years to come.
So settle for a product that you will buy willing and then start analysing the business model behind it after you feel the product quality suits your level of integrity and purpose. A key element to pay attention to is the demand the product may have in the market place. The higher the demand the better the potential to make money.
Why Look At Health & Wellness?
Today personally I feel the Health & Wellness industry is worth looking at because its growing well past a trillion dollar industry and coupled with technology of the internet you could well have a thriving business in 3 to 4 years of starting. I mean a business making well over potentially $2000 to $10000 a week in potential net income before taxes. Look for a company that has very good quality of products, the science to back it up, and then look at how it will pay you. Other factors to look at are if the company is debt free, public or private, how long has it been in the market, who runs the company, and what’s it Vision Statement is. There are a number of other factors such as company financials, etc which I shall be covering is later segments in Selecting your homebased business.
PS: I use the word potentially here as you have to build the business, the takings are there but you have to work for it. Interestingly its only part time effort maybe 10 to 20 hours a week, possibly 2 to 3 hours a day after you day job to build this lucrative side extra income.
Look for always a WIN-WIN business model!
So if you do start off today, you too will be a success in 3 to 10 Years too.
If you are just starting off and have no idea where to look or would like to know on companies to start on drop us a line via the message system in facebook and I will gladly help. I am not here to push my company but rather to help you.
I am writing this from my own experiences and hope as you go through this article you will benefit immensely and by pass many of the mistakes I made in my earlier years in network marketing.
But before we go any further lets see what really is a home based business. If we know this then we can narrow down our choices and select a company that we can make some money from. Join our Subscriber list>>>
What is a home based business?
A home based business is one that is as the phrase says… home based. You do actually run this from home. The very fact that you are running the business from home helps you to cut down all the over heads traditional main stream business has. such as rent, travelling expenses to work, etc. You can do this from your study or in your garage and in most cases you don’t have to carry any stock so all you are doing is running the marketing of the business, driving customers to the company and also looking for other people to help you who will become part of your distributor force. It’s that simple. Like any organisation you will need to have simple systems in place such as training ( the parent company holds most of these), customer follow up procedure, etc. I shall go into this is subsequent posts soon.
Here are topics I will be writing on in the weeks to come:
- The Pros & Cons Of A Home Based Business?
- Where To Find Home Based Businesses?
- How To Select Home Based Businesses?
PS: In subsequent articles I shall also endeavour to cover:
- How to build a business off line?
- How to build a business on line?
- How to look after customers?
- How to look after distributors or members?
- Where to find additional training resources online?
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How To Find Work At Home Opportunities
January 7, 2010 by admin
Filed under Network Marketng
Work From Home Opportunity Ideas
If you want the right legit work at home information please go to our home based review page and download “Brilliant Compensation” now. Click here
Can people look at work at home opportunity as an alternative to make money. In today economic conditions most people are facing layoffs, redundencies or wage cuts. There is no excape from this and this is a reality for most people and at least one person or more on your street is facing this right now.
The question is when will the roll of the dice stop and face you is the question. Are you prepared for a loss in income. Can less money each week be what you want to impact upon you in the near future? We are not certain when it maybe us next time thats laid off from our employment.
The answer maybe is to look for a business or better still a home based business that could give you freedom of choices. So where do we look for these answers regarding work from home opportunities. There are a number of online business forums and websites geared to give us that information and most of it is free. All we need to know is where and how to find legit work at home company or companies that offer home business.
What are home based business?
In recent times one of the most popular ways to earn income is to won your own home based business. Common sense says that any home based business is one that is run from the home. This would cover businesses such as ironing, envelope folding, direct marketing or network marketing home based opportunities. While the first couple are like jobs and you get paid for what you do, you may find opportunities under the network marketing umbrella as legitimate work from home businesses.
How to look for legitimate work at home opportunities: You may start off looking at which companies in the top 10 in network marketing by looking at biz on MLM Insider for listing of the Best MLM Companies. You may also access free online videos on Brilliant Compensation, a movie on how income is earned in working at home based business. These free resources will equip you with the right tools to start your due diligence process in home business. This would be our suggestions on how to find work from home opportunities in your country today.
One of the best working from home company opportunities to make money is one that:
- Can provide the highest quality products that are consumable and in high demand by consumers
- Has a business plan that can make you a decent living or possibly the potential of creating a residual stream of income for you.
- Provides highest quality training and support
- Has a free trial period where you can try the products with a money back guarantee and has little or no risk attached.
- Creates promotions and specials so that you can add extra income to your earning capacity.
Avoid Work At Home Scams that come your way by look up MLM Insider for tips on which company to choose. There are many fly by night companies with little or no financial backing that could fold over with the slightess financial pressure. Check everything out before you actaully sign any paper work. Find out more on Home Based Business. Work at home Philippines
Find Work At Home Business Opportunity:
Advices On Selecting The Best Home Based Business Opportunity …
Today there are thousands of home based businesses across the globe that have one thing in common – potential. To find the proper home based business.   Read more…
Useful Info About Legal Home Based Business Opportunities
If you have ever interested in the home based business opportunities, for sure you are shocked with the amount of the garbage that is out there.
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Biz Opportunities, Home Based Biz, Â Business Ideas; Getting Started; How-To Guides; Money; Work/Life Balance; View All; Online Business; Management; Human Resources.
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Work At Home In The Philippines
January 2, 2010 by admin
Filed under Work At Home
Work At Home In The Philippines
Home based business is embraced widely in the Philippines. Nearly all wage earners are into making extra money as there is no such thing as free medical as seen in more affulent countries such as Australia.
Access some free info on Home Based Business on Network Marketing Reviews  or click here>>>
This leaves the average Filipino unprotected in case of layoffs or termination of employments. Philippinos look for extra income by working part time as affiliate to large insurance companies as well as trying to make a living selling health products, or any other merchandise that maybe of value to the general public. Many take up selling real estate and will travel long distances to secure a sale.
How much does the average Philipino earn a month?
The average Philippino wage is around the 15000 PHP mark which is around the 300 USD for the month. White collared workers such as bankers, accountants and teachers may be in this bracket stratching to around 30,000 PHP. Sales people enjoy a slightly higher income through they work longer hours in the Philippines and can earn around 40,000 pesos a month.
The sad thing is that the common person behind shop counters, tricylcle owners and taxi drivers may earn only 3000 to 5000 Pesos a month.
How do these poor people escape the rat race their have fallen into and become a victim of our society. If they are ambitious and are open to look outside the box there are a few well known business opportunities that could help them secure a place amoung the rich.
This does not come easily as they have to learn how to do small business and how to manage they small distributor force.
Can a home based business solve this problem?
Fortunately network marketing or multilevel companies do spend alot of money on training network marketing associates to become better business owners. Most of the training is free and held as the corporate head quarters. All you need to do is turn up for training and take that training and start busilding your business. MLM watchdog in Philippines.
You are looked upon as a business developer rather than a sales person. In other words you can consider yourself as a business or corporate headhunter loking for a successful business developer to join the company and you get paid handsomely as long as that person become successful for life.
This is much more powerful that finding an employee for IBM or MicroSoft where as a headhunter you will get a one time payment only.
If you considering making a few hundred pesos a day or maybe either replacing part of your current income or maybe one day hoping to be able to work in your own business and make alot of money then consider network marketing.
What are the top companies in network marketing?
There are many companies to choose from amoung the best MLM companies.
We currently have a list of the Top 10 multi level companies to compare and decide which one suits you.
We have short listed a few hot companies out of which one stands out to be a surefire winner. This company requires individuals to have three main qualities. Those special qualities are:
- Are you a team player?
- Are you coachable?
- Are you willing to work hard to build your business?
Now it does take effort and money on the part of the associates who will be designated to coach you to help you succeed in MLM. If you have the 3 qualities mentioned above please fill in the form below>>>>
Now all you need to do if you live in the Luzon Province ( Manila) is click on this link and enter your name and details and a home based consultant will be in touch with you soon.
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