If you’re reading this article you are probably looking into starting a home based business in the network marketing arena. Know that this my personal view on how to choose a MLM company from my past experiences. When I started my home based business I wish I would’ve researched the MLM industry and how to choose a company before joining. As I look back, this is some valuable information I wish someone would’ve passed on to me. If you are looking in to network marketing as a career, I hope this article assist you in choosing and starting your home based business right.Starting A Home Based Business Tip #1: Research the founder of the company and figure out where the founder/s originated from, have they had other successful businesses before? What’s their vision in life and the business? Where is the company based out of and do they have in-house manufacturing for the product that they sell? As I looked into my company these were question that had to find out and get answers to quick.Starting A Home Based Business Tip #2: What is the MLM companies history, do they have a proven success record?, Are they traded publicly?, Any third-party validation?, What are the annual sales? Do they have any “best something” award from third parties? and how successful are other associates?If yes, it shows that they have a great track record and the company is more than likely to keep on keeping on.Starting A Home Based Business Tip #3: Does the company take action in empowering others, educating or helping out the community in the local areas. Do they support any non-profit organization?To me this means that the company cares for others and is not too business oriented.It’s great to be able to participate in helping others in any way possible and knowing that they are involved as well is a plus.Starting A Home Based Business Tip #4: Having third-party accolades is great, for instance a best of state award, best nutrition, or best service for “X” year, athlete accolades and even anniversary accolades.Having accolades are important for edification for a new prospect. They come in handy, it also shows prove they are legit.Starting A Home Based Business Tip #5: Making sure the company is in social media is important to me, it shows that the company is actively marketing in different ways as well getting known in social media groups, most network marketing companies don’t advertise, but by being in social media it cuts advertising cost by millions which equals to more money, bonuses and incentives for the reps as they keep succeeding in their home based business.Starting A Home Based Business Tip #6: Best way to sift and sort companies I have discovered is first, figuring out what kind of product relate to me the most (electronic, on-line service, clothing, mobile, nutritionals etc…), second look into only those companies and go over the tips above and third, choose the company your going with and stay there. Before you do that go and “sponsor shop”. Seek out a great leader in the company, one that implements great off-line and on-line strategies like attraction marketing. In closing my friend, just do your homework. I hope the “Starting A Home Based Business Tips” above helped you in your journey to choosing the right MLM company.
Home Based Businesses Numbers Continue to Grow
Home based business opportunities are growing daily, along with a new spirit of entrepreneurialism and independence. Today’s technology is making is making working from home far more common today than just a decade ago. Through the general consensus is that more people are working from their homes than ever, finding solid data to prove this can be difficult.Because things change so quickly, much of the data, collected two to four years ago may be inaccurate.The latest statistics from the U.S. Department of Labor are from 2004, but already show a growing trend for men and women working primarily at home. In that year 20.7 million people worked, at least part-time, from their homes most working for another company. About 7 million of those were self-employed as home based business owners. The average work week for someone working at home, according to the study, was 25 hours, and most were professionals, such as people who offered consulting services or sales related businesses. Another huge chunk of the at-home pie are those working in the construction industry.Though the general belief may be that women far outnumber men working at home, this is not the case. Men and women were about equally likely to work out of their home, and there are more parents working at home then singles.According to the Labor Department, home based business are operated by educated individuals. Individuals with a bachelor’s degree or higher were more than 6 times as likely to work out of their homes than those without a college degree. This maybe because it is easier for someone with a management background to transition to a work-at-home job. It may also be easier for someone with a background in computers or web design to operate a small business from home.This trend of working at home is partly due to advances in electronics. Most homes have computers with high-speed Internet connections. Most people have the basic computer skills to put together a rudimentary website. There are even software packages available with some computers that will build your website with just a few clicks of a mouse or keyboard. Information and resources are readily available for individuals looking to start a home based business. It is becoming more and more acceptable in main stream business to work from home at least part time if not full time.The Small Business Administration estimates that 52 percent of all small businesses are home based, and small businesses (those with less than 500 employees) represents 99.7 percent of all employers. Due to lower expenses, particularly in rent and labor costs, the average home based sole proprietor consistently gained a higher return on gross revenue at 36 percent, versus 21 percent for the traditional business model.Statistics from the NBBTA.org, the online division of the National Black Business Trade Association, show that home based business represents a $427 billion industry. This number exceeds the pharmaceutical, food and consumer good industries combined.While getting accurate reports on home base businesses is difficult, one thing remains obvious. Home based businesses, in one area of the U.S.economy that will continue to grow. This is especially true during an economic downturn where traditional jobs are more difficult to find.
Information Product Creation: Never Compete on Price Because There Is Only One You
Information product creation requires extensive preparation, no matter which niche you work within and you want to make sure that your information product has a successful launch. That probably sounds scary and intimidating but here’s the thing: this is a one time effort and it will pay off in a foundation that is strong enough to get your ideal clients to invest in your high-end programs and services without the perils of a traditional funnel. This article will teach you a few of the things that you need to remember if you’d like to invest in yourself and start on the information product creation path using your unique talents and abilities. Remember that you never have to worry about anyone ripping off your ideas because if you understand how to properly position yourself around your story.
Understand Both Strengths and Weaknesses: It is good to have an impartial view of your own strengths and weaknesses when lay the foundation of selling yourself within the information product creation process. It helps you figure out where you are, what you lack and how to move forward so that you get as much growth as possible. It is more than important, it is urgent if you want to create fast success for yourself to have personal positive reinforcement and deep belief to provide yourself the support you need so that you can get over your own limitations to ensure that your information product is as valuable as it can be.
You also need to know exactly who your competition is so you can study them and use their methods to help you improve your own standings. Down recreate the wheel, but understand the wheel and position yourself going uphill from the competition. Check out which kinds of opportunities you’ve already got and try to figure out how best to use them while taking care to remember your strengths and weaknesses. This is a great way to figure out where you stand against your competition which helps you figure out how best to grow.
Launch on Time: No matter what, even if you haven’t officially announced your “launch date” you should launch the site when you’ve said you would. This will force you to stick to your goal and actually work on it. Thinking that “I’ll launch it when I think it’s ready to launch” will only hinder your efforts. You’ve got a responsibility that you need to live up to with your launch, and you can’t move back on that one. If you get close to your launch date and you are getting hung up on your self limiting beliefs in your information product creation, don’t worry this about getting it out there and not perfection. As long as it is usable you should launch it. Launching on time is the professional thing to do and it is more important than creating a “wow” effect in your site visitors. You can always update/upgrade your website when you have to, so there shouldn’t be any issue with that.
Analyze Your Own Concept: If you want to make your information product creation successful you need to understand how good your concept is: is it really going to work for your chosen audience or would something else be better? You already know about your competition; how does your concept measure up? If you haven’t come up with your own idea and are trying to work with someone else’s concept, do some more work on your own before your launch. People want original ideas because they’ve seen too many other me-too websites already.
Test Your Concept Before You Commit To The Information Product Creation Process: One of the biggest failures people have with information product creation is not testing an idea before putting a lot of effort into producing an information product. PPC to a small 5 page site with a landing page is a great way to test an offer before you even produce it. If people will sign up to get it, you can be sure that you can create an information product that will target eliminating the pain of your target market. The small amount of money will be invaluable in using crowd sourcing to direct the final outline of the information product creation process.
You’ll have lots of hurdles to clear after the launch of your information product and the only way to truly take care of them is to follow the advice in this article to work smarter. Plenty of people work hard, but it is the ones who work smarter who make real money online with the information product creation business model.