How to Select the Best Home Business??

Various Opportunities Discussed And Criticized Here

Tuesday, March 21, 2006

The Best Product that can be sold online - Guard your Mouse for clicking the correct choice.

There are many products that are being sold online and every product has an home business associated with it in terms of their affiliates. Let your computer mouse not click on a product or on a scheme that will make you impossible to earn. So then what is the best product one can select??
What is the basic factor that creates a successful business enterprise? What's the most fundamental thing that you need to sell your product? It's the way you spread the information of your product to your potential customers. Until and unless you present a clear and expressive picture of your product to your potential customers, you cannot expect to sell.
In this age of information technology what could be a better way of relaying information than using the all powerful and all pervasive medium of internet. We all have heard the sentence that a Pen is mightier than swords because of its reach but it won't be any exaggeration if we say that internet is mightier than pen. The best way to spread information is to put it on the web. Now, as is the case with everything it's the same with information also. You have to package it to sell. How you package your product is of utmost importance. So, you must have to package your information about your product so that more and more people read the things that you want them to read.
The best way of packaging your information is using websites. If you are selling anything and you don't have a website promoting your product, it is certain that you are lagging behind all others.
So whatever your home business is, the most and the prime requirement is a website, professional set up of website, its hosting etc. For creating website it’s necessary for one to have HTML knowledge, hence its always better to select web hosting companies which provides various front hand tools and templates along with web space. This will help your website up and running in not more than 15 minutes.
Irrespective of your home business being selling Health products, Marketing EBooks, Selling Lingerie or any damn product, website is a must. Hence rather than selling or marketing any damn product why not sell web space?
Just to list down some advantages of marketing web space:
1. Since website is required by all for any home business, it’s fast to market and easy to sell
2. There is no inventory or stock to be maintained
3. Start up costs are low as compared to Grape juice sold online for 35$ to 40$
4. Double source of income in same cost as Personal web space can be used to start another source of income say marketing EBooks, Google Adsense etc.
5. Customers get immediate delivery, hence no waiting period, loss in transit etc.
6. No shipping & Handling charges. There are numerous cases wherein the product value is 30$ and transportation is another same or more
7. No hurdles from organizations like FDA etc which constantly target Home businesses selling Health Products
8. Universal product having Global market and as said earlier delivery is free online in minutes.
There are many more advantages, but the ones listed above are sufficient enough to help one conclude on the best product for starting an online Home based business.

Download Free a MUST READ 12 pages PDF for old or new Networkers by Winston WU titled "The Truth behind the Smoke and Mirrors of MLM and Network Marketing". Once you are through, you will realize GDI is different and the best.

Saturday, March 18, 2006

MLM Alerts - Have you been bearing the full load of payment, making your upline Rich?

Before you start an MLM Home based Business, check that the company you are about to deal with is offering a product. If the product is missing and even then you have to pay the money in order to get registered and be a member of MLM plan, you might be on the wrong track. It may be a pyramid scheme which is illegal.?
Inquire about the company's legal background, whether there are any specific complaints against them. You can find this from the Better Business Bureau.
A business that is called "ground floor opportunity" in business lingo is perceived as the most suitable MLM business. Ground floor opportunity is the scenario where in a given area the number of active consultants is less than the half of one percent of the entire population. Besides this, it is also necessary to know since when the company has been in business and what its reputation is.
Go in for the company that would provide you e-commerce as one of its programs. If the company has a web site, add a front page of your own to that site. It should be unique, so that your company stands among other companies.
Pick the product that you are convinced with and would use it. Never select a product just to make money, little bit of passion is also necessary, to be successful. Having said that it is advisable not to be the customer of your own business.
Check if the company has free trial period to offer so that you can scan through and try out the full opportunity in the trial period. Offering Trial period also indicates the power and the confidence that the company has in its products and business model. Keep in mind that there is a difference between Free Trial Period for X Period and Money return Policy within X Period. You are intelligent enough to know the difference and conclude that Free Trial Period for X days is much better than Money return Policy in X days
Opt in for the company that has a forum set up of its members where all the business expansion strategies etc are discussed and communicating with other co members is freely available. Also the company should have a real time data providing capacity so that the picture you see as uptodate and not wait for a month for figures to get updated.
Most important of all, Ask this questions to the MLM scheme that the company has formulated
a. Does the company require a BALANCED pyramid scheme where in you will need to balance both legs (Right and Left) for you to get paid?
b. Does the Balanced pyramid in addition to Balancing the legs requires certain minimum no. of members for you to get paid? for eg, you get paid only if legs are balanced and the count of each leg is in multiple of 3 etc.
c. Does it require personal representation since the website is not able to capture business online?
d. Lastly Is the business opportunity Global or restricted to certain countries?
If the answers to any of the above question is YES, then the best option is do away with such an opportunity.

Download Free a MUST READ 12 pages PDF for old or new Networkers by Winston WU titled "The Truth behind the Smoke and Mirrors of MLM and Network Marketing". Once you are through, you will realize GDI is different and the best.

Friday, March 17, 2006

What is Residual Income.

As you surf the net, you will come across a wide variety of business opportunities. Invariably, each one will claim to have the best compensation plan available and many will claim to offer “residual income”. However, a cursory examination of many of these pay plans will reveal that, although there may be a very real earning opportunity, it cannot truly be described as residual income.
What exactly is residual income? Simply put, residual income can be defined as any payment system where you receive regular, ongoing payments as a result of a single sale. The frequency of the payments may vary – they could be weekly, monthly, quarterly etc. – but they are regular and ongoing with no further selling activity once the initial sale has been made.
Ideally, your customer will automatically renew each week/month without any requirement for action (effort) by either your or your customer. In this case, the mechanics of the reorder process have a critical bearing upon your earning capabilities. For true residual income, the reorder process should be automatic as described above. This is not simply a matter of semantics or a pedantic definition. There are several reasons why you should target genuine residual income.
Many people who set up their own small home business do so with the express intent of eventually replacing their salary. Due to the regular nature of the payments, residual income is ideal for this. In fact, it’s considerably better than having a salary as you continue to get paid for work that was done in the past.
If your customer needs to take some action to reorder then, even with a consumable product that needs to be replenished periodically, there is a "break point" in the process. The customer may decide to economise and do without the product that month, they may decide to use one of your (many) competitors or they might just simply forget to order.
With an automated reorder system on the other hand, your customer needs to make a positive effort not to reorder. It’s a well known fact that customers who pay for products and services by subscription are much more loyal and less likely to cancel. Even if they do decide to opt out they tend to delay this for longer than they would otherwise.
Now you know about it too – take advantage if you possibly can. Finally – and let’s not kid ourselves here – many people don’t like selling. There are ways round this and it’s possible to minimise the discomfort some people feel – but it’s still there at some level for many of us.
While understanding What is Residual Income it is also very necessary to understand the difference between Purchase and Investment. Residual Income can be earned with both Investment and Purchase. Investment of say 10$ gives you only an opportunity to conduct a Home Based Business and earn Residual Income but Purchase of same 10$ helps you to buy some product and at the same time conduct a Home Based Business leading to Residual Income. This means with Purchase the Business Opportunity comes free. Better opt for purchases than investment.

Download Free a MUST READ 12 pages PDF for old or new Networkers by Winston WU titled "The Truth behind the Smoke and Mirrors of MLM and Network Marketing". Once you are through, you will realize GDI is different and the best.