Thursday, November 22, 2007

So Many Home Based Businesses... Which One Should I Pick?

So you really want to make some extra money at home, huh? Maybe you've even been thinking about starting a home based business. Have you suddenly noticed that your email is over-flowing with business opportunities? It seems like everybody's selling something and they all want you to join them. With so many home based businesses being thrown your way, how do you know which one to pick? Here's the starter check list we suggest on larznco.com. It just might help bring you out of the fog.

TRUST YOUR FIRST IMPRESSION -
Did they present themselves, their products & services in a way that impressed and persuaded you? Did the presentation make you want what they've got? Remember, you'll be showing the same presentation to your potential clients. Does it persuade? That's important.

DO YOU LIKE THEIR PRODUCT OR SERVICE? -
Can you see yourself using it? How can you ask someone else to buy your product or service if it's not something you would use yourself?

DOES THE COMPANY PROVIDE YOU WITH VARIOUS WAYS & TOOLS TO PRESENT YOUR PRODUCT OR SERVICE? -
Remember, people absorb information three different ways... seeing, hearing and touching. Your company should provide you with at least 2 out of those 3 ways to present information to your potential client. Do you have access to websites? ie... replica presentation sites, landing pages & lead capture sites? Do they have audio or video streamers? What about banners, conference calls or webinars?

DOES THE COMPANY PROVIDE TRAINING? -
Your training is what will make or break your ability to "duplicate" other business builders (your downline). Now, when I'm talking training, I'm NOT talking about those company held motivational "Rah Rah, Aren't we great!" conference calls. I'm talking hands on, step by step, here's how you build a business, training. The best gift you can give your downline (and yourself) is System Dependent, NOT Person Dependent training. That way they can be off and running with or without you. You're company should provide that for newbies.

KNOW THE COMPANY BACKGROUND -
Is it recognized as being upstanding in the business community? How long has it been around? Are you ok to take a thrill ride with a brand new company or do you need the stability of an established one? Only you can decide that. While you're mulling that over, do a little homework on the company you're eyeballing. Make sure to avoid scams. Here's a couple of places to start your search:
www.mlmwatchdog.com, www.ripoffreport.com or http://www.scambusters.org/

KNOW YOUR COMPANY LEADERS -
This is important. You need to know the type of people who set up and run your organization. Are they honest? Are they good business people? Do they have a proven track record? Do they have a shady background? Is their history riddled with complaints of fraud, scamming or misappropriation of funds? Be careful who you align yourself with. Remember, you're known by the company you keep.

WHAT'S THE COMPENSATION PLAN? -
This is what it's all about right? How do you get paid? There's a lot of different comp & incentive plans out there. I don't even pretend to understand them all. All I know is this... If it rewards both the little guy and the big guy for the same hard work, I'm ok with it. I'm even ok with it if the big guy gets a better pay scale for working his way up the ladder. But, I'm not ok with plans that only reward you once you've become a higher up mucky muck. Hey, the paper boy doesn't work for free. Why should you? Look for a plan that rewards you for your hard work from the very beginning and continues to reward your efforts down the road.

WHAT WILL IT COST?
Find out how much the start up fees will be. Then make sure to know about monthly fees. ie... Are you required to maintain a monthly order, autoship or service fee? And always, always, always look for hidden fees.

CHOOSE YOUR SPONSOR -
That's right. Choose Your Sponsor and Choose Them Wizely. Success Breeds Success. Many home bases business unfortunately leave your training in the hands of your sponsor. This is unfortunate because if your intended sponsor isn't making money, chances are you won't either. Find a successful sponsor and do what they do. Then, be smart and get professional training. I've listed a couple of my personal favorites in the "Get Professional Training" page on larznco.com.

Good Luck With Your Search!

And as always, if I can help contact me at larz@larznco.com or 1-800-985-0849
More articles from this pro: http://www.ArticlePros.com/author.php?Larz Manning

About the author

Larz Manning owns Larz-N-Co, a FL based organization committed to helping fellow small business or first time home based business owners succeed.
www.larznco.com

http://www.larznco.com

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