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What Is MOST IMPORTANT When Starting a New Home Based Business

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FREEBUSINESSES
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Joined: 15 Oct 2009
Posts: 421
#1 · Posted: 11 Feb 2012 11:03 · Edited by: FREEBUSINESSES


Curious,

What do you look for in a home based business? With thousands to choose from, a new one every day it seems, how do you choose your business opportunity?

Is free to low cost to start important?

Is product the most important?

Is the compensation plan the most important?

Is the ease in which to duplicate the most important?

Is the company stability the most important?

Is the fact it is new start up the most important?

Is it that the product is unique or exclusive the most important?

Is it the fact the product appeals to the masses?

Is it the fact everyone is already purchasing product?

Is it important not to have to chase people and sell products?

Is it the value and low price of products?

Is it a product everyone is already familiar with?

Is it a business with lowest attrition rates?

Is it a business which generates fast commissions?

Is it a business which creates long term residuals?

Is it a business you can do entirely online?

Is it a business you do not have to sell face to face?

Is it a business you don't have to cold call people for?

Is it a business with no refunds?

Is it a business with no competition?

Did I miss anything to be considered in choosing a home based business? Think about it, I would love to add to the list which surely will help people be more careful in their quest for success.

Success to all,

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talfighel
Silver Member
Joined: 17 Mar 2007
Posts: 1209
#2 · Posted: 11 Feb 2012 11:32


If the business has other TOP leaders in it.

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FREEBUSINESSES
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Joined: 15 Oct 2009
Posts: 421
#3 · Posted: 11 Feb 2012 14:56


Good one,

Yes, some look to follow the leaders, I prefer to be the leader. lol

Success to all,

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Just2EZ
Silver Member
Joined: 14 Nov 2010
Posts: 752
#4 · Posted: 11 Feb 2012 21:35 · Edited by: Just2EZ


In one word: DEMAND
It's all about supply and demand.
Demand is the one that brings in the money.

It is possible to create demand, that's why we advertise if we have a supply to sell.

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Mike McClurg
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Joined: 1 Mar 2010
Posts: 46
#5 · Posted: 15 Feb 2012 18:37


Product that saves people money and in demand.

Compensation plan must be simple with no GOT- Ya's in it.
(A level paying field no matter newbie or pro ).

Company must have integrity and be innovative as well.

I would never work a free business opportunity

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jbrownmarketing
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Joined: 22 Feb 2012
Posts: 12
#6 · Posted: 22 Feb 2012 11:43


The most important thing is to have a well thought out business plan or model. Things will not always go as planned but at least you will have an easier time staying focused on the goals you set.

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Jared Brown
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Kyle_K
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Joined: 14 Feb 2012
Posts: 51
#7 · Posted: 22 Feb 2012 19:55 · Edited by: Kyle_K


My one word response would be value. If you can provide value, and others can see it, then they will want to duplicate it.

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FREEBUSINESSES
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Joined: 15 Oct 2009
Posts: 421
#8 · Posted: 23 Feb 2012 08:27


Good suggestions,

No doubt, DEMAND is critical, and in these economic times where everyone is looking to save money, VALUE is right up there at the top of my list.

Success to all,

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Incomegenerator
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Joined: 26 Apr 2012
Posts: 11
#9 · Posted: 9 May 2012 22:14


Personally I think that whatever MLM program you join has to fit your personality and goal expectations. Its what you put into MLM is what you get out of it. You have to market warm/cold markets, as well as work off/online especially depending on the product or concept of that particular MLM. Hope that helps. Good luck in whatever you choose

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wah101
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Joined: 24 May 2012
Posts: 3
#10 · Posted: 24 May 2012 21:17


FREEBUSINESSES
Low cost is important, especially in the beginning.

The product is important too, because personally I don't want to sell anything I don't believe in. You may be able to make more money by lying to people, but that's not a way to build long-term success and viability.

3rd most important - I definitely look at the commission structure. I subscribe to the multiple streams philosophy and I'm a huge fan of building residual income.

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snow_davis3
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Joined: 21 Jun 2012
Posts: 1
#11 · Posted: 21 Jun 2012 23:58


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