4 Factors to Consider When Selecting the Right Home Business Opportunity

Whether you are searching for an additional income source that a home based business opportunity offers, or are committed to finding an alternate income source and plan on saying goodbye to the day job completely, the home based business opportunities presented by the industry can seem overwhelming. And indeed they are.

Following is a short list of 5 factors to consider when analyzing those abundant opportunities and the prospects that those opportunities offer to you. Consider each one of them carefully in your investigation and scrutinize the seemingly overwhelming information that each home business opportunity presents. Your choice may either lead to abundant success and an additional income stream, or incredible disappointment.

1. A product offering that fills a need

Look for a ‘hot’ product offering or service that fills a demanded need, regardless of the state of the economy. You cannot choose a product or service based on personal or emotional attachment unless that product or service is in high demand.

Despite what you may believe, a depressed economy does not depress demand in every industry. There are many opportunities that thrive as the economy slumps. A perfect example of that is the very subject being examined here, home based business opportunities that can create an alternate income.

2. An established business with a proven business plan that can be duplicated

Look for an established company that has a proven record of success in providing a path of success for its clients, partners, and affiliates. Find an established company that can offer you a proven business plan, and ethical leadership in implementing that business plan as your own, and you have found the basis for your own successful home based business.

3. An opportunity that provides professional training and support

A company that invests in developing professional training and support for its clients, partners, and affiliates is one that is concerned not only about its own longevity, but also in the success of its clients, partners, and affiliates. For without the individual success of those clients, partners, and affiliates, the company itself no longer succeeds.

4. A company that can offer diversification

You are not only looking for product line diversification that allows you to establish multiple streams of income, you are also looking for products that can be marketed through a diversified marketing plan. Don’t lock yourself in to the ‘pay per click’ circus. Find a company that offers a multiple product line that can be marketed via multiple marketing methods with comparable effectiveness.

Conclusion

In closing it is important to note that the direct sales industry has historically remained strong under any type of economic conditions. Determination, discipline and a commitment to success along with the ‘right’ home business opportunity are the keys to your financial freedom and future.

Your Home Business Opportunity – The Basic Formula For Success

With the current state of the economy, many people have learned that traditional job security is a long lost thing of the past. Our modern reality has shown us that job security is no longer associated with any particular occupation, company or means of employment. The truth of the matter is, the only security we have now, is the security we are able to create for ourselves. A home business is a perfect opportunity to create your own financial security -at your own pace and at your own comfort level.

It is easy to understand why so many people have invested in home business opportunities found on the Internet. Home business opportunities usually require very little start up capital and you can design your work schedule to accommodate your lifestyle and current employment. As simple and easy as this may sound, a home business requires a great deal of work to succeed. The following tips have helped me turn my part-time, home based business into a successful, full-time career.

Set a Schedule

Running a home business may afford you a flexible schedule, but make no mistake -your business will not be successful without careful planning and scheduling. Many people fail in their home business because they do not treat it as a business. You can have a flexible schedule and set your own hours, but be sure you are scheduling an appropriate amount of time to accomplish the necessary tasks of running a successful company.

  • Allocate specific periods of time each day to do specific work
  • Have a written list of specific tasks to accomplish -ordered most difficult (major) to easiest (minor)
  • Begin your work period with one major task
  • Do not handle minor tasks until your first major task has been completed
  • Only check email twice daily: Once after your first major task has been completed and again about an hour before your scheduled work period ends
  • At the end of your scheduled work period, write a list of the next major tasks to accomplish
  • Stick to your schedule!

Get Organized

No matter what your home business is, a disorganized work-space will detract from your efficiency. You do not need to make a major investment in office furniture, but there are a few simple items that your home business will need to be successful. The following list is not exhaustive, but represents the bare essentials of a successful business environment.

  • Desk (this could be a simple dining table)
  • Comfortable chair (that fits the desk/table)
  • Computer
  • Filing system (inexpensive files and filing containers can be found at any office supply)
  • Legal pads, pens and pencils
  • Telephone (cell/land-line)
  • Rolodex/Contact management system
  • Fax
  • Calculator

Be Persistent

Once you have decided to work from home, be specific in your choice of business opportunities. Pick one business and stick with it. Do not ‘dabble’ in this or that, searching for instant success. Working from home is a serious endeavor and requires dedication and determination. No one has ever succeeded at anything without persistence and perseverance. Be sure you have researched your options and are willing to commit a substantial amount of your time and effort in order to succeed.

Home business ownership can be a rewarding and fulfilling career option, if you are willing to put in the time and the work a successful home business requires.

The important thing to remember, is to choose one opportunity and stick with it until you are successful. After you learn the formula for a successful home business, you can then take that knowledge and apply it to your other business interests.

What’s the Best Home Business Opportunity – YourNetBiz Or Stuffing Envelopes?

YourNetBiz, a Turnkey Internet Marketing program, and stuffing envelopes for money are two home business opportunities that can enable you to make extra money. They may seem so different that you may wonder why I would compare YourNetBiz with stuffing envelopes. Well, here’s the reason.

Many people search for home business opportunities to make extra money and often select the opportunity based on what they think they can be successful with. At first glance, working from home and making money online can appear to be significantly more difficult than stuffing envelopes. So, let’s look at both home business opportunities and compare what is required with each.

Can I make a lot of money stuffing envelopes?

In my opinion no! The process cannot be automated, so your income relies on the number of hours you commit to it. In other words you are trading your time for money. Its also repetitive, uninspiring work and, for most people to sustain anything long term, there needs to be some passion and motivation involved. That being said there is no investment required by you, apart from your time.

What is YourNetBiz?

YourNetBiz is a home based business opportunity in the form of a Turnkey Internet Marketing Training Program that you can resell and make from $300 to $2000 per sale. The opportunity consists of the Internet Marketing system itself, but you also get a suite of Internet Marketing products that you can resell and keep all of the profits, training products to develop your own knowledge of Internet Marketing, live Internet Training webinars and, at the top entry level, membership of a travel club called Primo vacations.

Is it difficult to make money with yourNetBiz?

The YourNetBiz Turnkey Internet Marketing Program offers complete beginners the opportunity to promote the program, learn how to market and make money online at the same time. Apart from basic computer skills there are no specific skills required for you to start, the program teaches you all the skills required and I know many complete beginners who have enjoyed success with it. It does require an investment (starting from $495 and rising to $2995 for the top package) but here you are investing in a real business opportunity that’s already built for you.

Let’s compare the two.

1. It takes the same amount of time to build a successful home business, with a program such as YourNetBiz, as it does to generate a modest income stuffing envelopes.
2. Once you learn how to make money online effectively you can build business after business, stuffing envelopes is a one tier opportunity!
3. A home business opportunity such as YourNetBiz can be automated, allowing you to create your own time freedom and create choice in your life. Stuffing envelopes, in my opinion, does not offer that.

So, in summary I would say this.

Don’t limit your opportunity to make money, working from home, by the belief that making money online is too difficult. It is not, but it does require commitment, hard work and determination.

Don’t limit your opportunity to make money, working from home, by selecting something that cannot be automated.

Generating a greater financial return for your time often requires an initial investment, but the right investment can create the financial independence that might just change your life!

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