Saturday, July 27, 2013

Best Home Based Businesses - Work at Home Business Opportunity

As our economy continues to struggle, more and more people are "kicking the tires" of some home based businesses out there - in search of the best home based businesses. This article will be extremely useful to anyone looking to apply themselves in the network marketing industry or any other work at home business opportunity. Here are some key points to look for when deciding on your business:

The Right Management Team

The management team is the backbone of your business. They are your suppliers and your collection agents all in one. How can you survive in the network marketing industry if your suppliers are not delivering the goods on time or the company has cash flow problems? In order to choose the right company with the right management team, you must do your due diligence on these factors:

o Their track record. Is the network marketing company backed by a solid track record?

o Is the team here to stay? There are some network company owners who build and burn and build again. You don't want to invested interest in a company that is there today but gone tomorrow!

o The vision. Does the company have a solid vision and are they actively working towards that vision?

o The capacity to expand. Sometimes, when a new startup company is expanding, they might run into cash flow problems when their sales volume increases! They need to build more warehouses, deal with shipment and pay MORE commissions and bank loans when more and more orders are taken. Just because the teams are growing and the sales are coming in doesn't mean the company is able to cope.

A Product That Is In Demand

This is a no-brainer. No matter how good your company, management team, compensation plan or your upline is, a company will NOT survive if their product does not stand the test of time. This type of company is definitely not one of the best home based businesses.

For example, multivitamin supplements were a growing trend during the 80s. Because of the rising health needs due to pollution and people spending more and more hours in the office, it created a need. But that doesn't mean that the trend is still growing. There are some companies which came up with supplements that do not require water for mixing or swallowing. It caters to those people who are always on the run.

Today, people are not just developing new products... they are engineering new product lines and creating new demands while diminishing existing ones. The question remains... does the demand for your product justify your efforts for promoting it?

The Right Time

Whether a company is a ground-floor work at home business opportunity or a thirty year old company - you are going to get out of it, whatever you put into it. With that being said, there is no arguing that people who:

1. Join a company early on, and 2. Work their tails off, and 3. The company stays in business,

have an amazing opportunity and have the ability to change their lives, as well as the lives of their great-great grandchildren. Now, that's not to say that someone joining a thirty year old company couldn't do the very same thing - they will simply have to work harder and/or smarter.

Front Loading Companies

What is front loading?

Front loading is a bad way to build your business by 'buying rank' when you invest in an inordinately large amount of products - especially when you are just starting your business.

A lot of network marketing companies usually collapse due to unethical front loading practices disguised as a 'shortcut' to entice reps to invest more money.

If you find yourself investing in more stocks than you need for personal consumption and your monthly personal sales, then you might get yourselves into cash flow problems.

WARNING: AVOID FRONT LOADING COMPANIES AT ALL COSTS!

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