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  Category: Articles » Business » Home Based Business » Article
 

What You Need to Know to Choose Your Home Based Business




By Jon Roussel

What You Need to Know to Choose Your Home Based Business

Welcome to Reach Higher Success Working From Home by Jon Roussel.

If you are evaluating home based businesses you may be like I was five years ago, not sure what is real and what is a scam.

There are many ways that you can make money from home... If you are looking to join a home based business company, here are the factors to look at and for:

1. Company reputation. Do your homework here and get the facts. Read reports from the Better Business Bureau, Chamber of Commerce and directories. Find out how long the company has been in business. Find out the background and accomplishments of the management team. Do news search and if you find even one bad piece of news that may be a red flag.
2. Product. Do they manufacture and distribute a real products that real customers order and use every month, even if they do not get a check. Is the product reasonably priced and can its quality be documented?
3. Start up costs. What are they and how much will it cost to get started? Are they refundable? If inventory is required, this may be a traditional MLM company.
4. Monthly sales quota. Is there a monthly requirement to get a check? Ask to see it in writing.
5. Inventory. Do you have to keep inventory, sell products, deliver, and do collections? Do you want to?
6. Support. Ask to see a real, live example of what support and training you will get.
7. Risk. What is the refund policy?
8. Reorder rate. What is the documented month after month reorder rate. Avoid anything where business builders are just getting in for a check.
9. Compensation. How will you make money? Is it based on the purchase of real products by real customers? If it is not, stay away.
10. Passion. Speak with others in the business to see if they are passionate about the products, company and compensation plan.

Do your homework. Speak with others in the business. Get information from these sites:
http://www.mlmwatch.org

MLM-The whole Truth by Lou Abbott
http://www.mlm-thewholetruth.com/cmd.php?Clk=1284839



Jon Roussel 2007
 
 
About the Author
Jon Roussel is a five year veteran of the home based business industry. He is in Beverly, MA and teaches business owners how to start and succeed with a home based business. Learn more at http://www.jonroussel.ws

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  Some other articles by Jon Roussel
What Is The Big Challenge With MLM?
In the five and half years I have been in the networking and home based business industry, I have seen and ...

How To Investigate Home Based Business Opportunities
If you are reading this post, perhaps you are in a situation similar to mine five and half years ago. At that time, I worked as a technical recruiter for a company that paid ...

  
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