Business Opportunities – 9 Things to Watch Out For

If you are considering striking out and starting a new business, you have probably been investigating what are known as “business opportunities”. A business opportunity is usually a complete package that contains a product or line of products, and a marketing strategy for selling that product.

Any business opportunity worth considering will either have a track record that you can investigate and evaluate, or it will have a clear statement of the plan, the potential, and the up-front costs. Before investing any time or money in a specific business opportunity there are some things you should consider. Here are some of the more important ones:

  • How long has the business opportunity been in business? – Before investing time and money in marketing a business opportunity it is important to determine how long that business opportunity has been operating. If it is a new concept that has not been proven in the marketplace, you have no assurance that it will even work.
  • Does the company have a fixed address and phone number? – This may seem obvious to you, but the fact is, thousands of “companies” operate with nothing more than a website and an email address. Many of them are here today and gone tomorrow. Make sure the business you intend to deal with has a fixed address, physical location, and established phone number.
  • Does the business opportunity have some successful members you can talk to? – Most business opportunities will show you “testimonials”, but these are often untrustworthy. They could even be completely fabricated. Ask the owner of the business opportunity for names of real people you can talk to. Call them on the telephone and ask them to share their experiences with the program. This will not only provide you with valuable first-hand information about the program, but it will give you a list of advisors who many be happy to help you along the way.
  • How much initial investment is required? – In many cases a proven business opportunity with a successful track record will involve some kind of initial investment. This could involve an initial amount of product inventory, a program subscription fee, or possibly a piece of equipment required to produce or finish the product. You should not assume that a business opportunity that is free to join is a better investment. Usually a free-to-join business opportunity will involve other costs such as marketing and advertising fees. Nobody gives away “opportunities” for free. What you have to determine is whether a specific business opportunity has a successful track record, is managed by honest people, and offers you a realistic chance of actually making some money. These are the things you must weigh against the entry costs.
  • What is the realistic income potential of the business? – Have a careful look at the numbers and projections provided by the business opportunity. Then talk with actual members who are using the program to determine if they have been able to turn those numbers into reality.
  • Are there extra fees such as yearly or monthly subscription fees, shipping costs, or minimum purchase requirements? – Make sure to get a detailed list of all the fees involved in operating the new business. These things may not seem significant now, but they can easily eat into your profits later.
  • Who controls the money? – When you generate sales for the business opportunity what assurance do you have that you will get your share of the profits? This is the primary reason not to deal with “fly by night” outfits that have no track record. Again, the best way to get an accurate reading on this is to talk with people already using the program.
  • Does the business opportunity supply marketing materials and person-to-person mentoring? – One of the most difficult parts of starting a new business is “learning the ropes”. It can be extremely helpful to have advisors who have first hand experience in making the program work. The same goes for marketing materials. You will have enough to do without having to create brochures, ads, and newsletters for your new business.
  • How much control of your new business will you have? – Be clear on who owns the business, and who controls the way it is developed and marketed. You may want to diversify your product offerings in order to avoid being at the mercy of “head office”. Remember that you are trying to create a business that has long term value. This will involve considerable investment of time and energy on your part. You don’t want your business to be completely dependent on the stability and integrity of a single supplier.

The ideal business opportunity is one that is offered by a stable company with a proven track record. The business opportunity should require low initial investment and have high profit potential both in the short term and in the long term. It should allow you to build a profitable business of your own that will be a source of income far into the future.

Home Business Opportunities – Four Home Based Business Opportunities To Choose From

Home business opportunities are virtually everywhere you look online. And the promoters of each home based business opportunity often claim that the opportunity they promote is the best business opportunity to join. This often makes it difficult for newbies to make the right choice, the choice that best suit their situation. This article takes a look at the four broad categories of home business opportunities so you can identify the option that suit your circumstances and therefore make informed choice.

The four broad categories of home based business opportunities are:

1. Opportunities that involve building an information rich web site from scratch and thereafter monetizing the resulting traffic

2. Opportunities that involve joining affiliate programs that offer unique affiliate links for promoting the affiliate product or service

3. Opportunities that involve joining a network marketing home based business opportunity that offer free distributor web site to members and

4. Opportunities that involve getting paid a fixed amount for completing a set of tasks online

Let’s take a closer look at each option above.

The first online business opportunity involves building your dream online business from scratch.

The right process requires you to do the following:

  • identify your passion
  • brainstorm topics that fall within your passion or interest using appropriate brainstorming software
  • identify a profitable niche that matches your passion or interest
  • Assemble low competition keywords that define your niche
  • Draw up a site blueprint
  • Design your web site
  • Write content for your web site using the low competition keywords brainstormed earlier
  • Promote your web site massively online
  • Add income generating streams to your web site
  • Cash your money month after month

If you conclude that the above process is tedious and time consuming, you’re probably right.

But why?

It’s because it’s business… it’s online business. And online business takes time, effort, and creativity just like offline does.

The second home business opportunity mentioned above is affiliate program marketing. With this type of online business, you join the affiliate program of your choice and promote the affiliate links you’re given using a blend of online marketing techniques. Some online marketing techniques will produce more results than others. So, you need to track your sales promotion efforts or campaigns to determine what works and what doesn’t for the specific affiliate program you promote. Then drop campaigns that don’t work and do more of what works.

The third category of home based business opportunities are MLM home business opportunities that offer members free distributor web sites to promote the MLM business opportunity. As with the affiliate program model, members of this type of MLM business opportunity promote their member web site url and register new team members using the tools on the member site they were given.

The fourth online business opportunity involves completing a set of tasks in expectation of being paid a pre-determined amount.

This kind of opportunities include:

  • paid to write
  • paid to attend to customers (online customer service jobs)

… and other such online job opportunities.

WARNING: Verify that the internet job opportunity you’re interested in is legitimate before you join!

Each of the home business opportunities described above have their pros and cons.

Option 1 above requires you to do a lot of work without immediate reward. With this type of online business, you’re basically writing an online book or journal. And you don’t get paid for writing a book until it’s finished and it starts selling, right?

In simple words, this option is a long-term business where you build traffic or your own customer base through content writing and marketing. This is a tedious but rewarding way to build a long-term business. With this type of home based business you own your traffic or customer base. And when you own your traffic, you own your business.

Option 2 is affiliate program marketing. This system involves selling a product or service by finding a market for it. Depending on where you advertise or promote the affiliate programs, you can begin to make money right away.

Here’s one thing to remember though.

Not everyone makes money from promoting affiliate program products despite spending a lot of money in advertising.

Why?

It’s because affiliate program marketing success requires a set of skills. To succeed, you need to learn the skill-set that guarantees success. Option 3 is much like option 2. You get paid for promoting a network marketing opportunity.

However, unlike most affiliate program opportunities that are free to join, virtually every network marketing home based business opportunity require members to join with a registration fee. Besides the registration fee, members must buy at least one pack of the MLM product they promote every month to stay active and qualify to earn commissions (at least in most programs). This means there is a maintenance cost for most MLM business opportunities.

Option 4 is the most direct form of online business. You get paid to complete a set of assignments. The problem with this is that it’s like having a day job… when you stop working, you stop earning. Whereas with the other kinds of home business opportunities discussed above, you can build your business to a point where what you earn far outweigh the efforts you put in. And you can put your business on auto pilot.

What home business option is right for you right now?

It depends on your current circumstances. In my candid opinion, the overall best option is one that allows you to build a long-term business and put your business on auto pilot down the road.

I’m talking passive income!

Bottom line.

It’s your life. Choose how you want to live it.

Choose the opportunity that works for you.

Apply A Simple Acid Test To Every Home Based Internet Business Opportunity

Most people who have searched for a suitable home based Internet Business opportunity complain about a common illness: They are sick and tired of websites that promote best home based Internet Business opportunities… sick and tired of the false promises, the over-hyped sales pitches, and the downright SCAMS that lurk behind most Internet Business opportunities.

If you’re new to the home based Internet Marketing opportunity ‘industry’, test a few websites for yourself. Simply go to the Google search box and type in the Keyword Term “Internet Business Opportunity”, using the “quotes” to refine your search. Now click on a few of the websites that appear on the first two or three pages… Read some of the content; Click on a few of the Advertised Sites that appear down the right hand side of these websites…and read some of the content on these websites. What is your overall impression?

Perhaps you’ve gone further… Perhaps you’ve bought into one or more of these so called home based business opportunities. If so, are you impressed and satisfied with what you received in return for your hard-earned cash?

The truth is… most opportunity seekers are becoming more and more disillusioned by the whole home based business opportunity ‘industry’. They are becoming wide awake and more cautious… because its so easy to be misled and scammed by Internet sharks.

If you’ve suffered from these sharks, don’t be too hard on yourself. Most serious business opportunity seekers get fleeced, often more than once, by ruthless business opportunity SCAMMERS… before they find a genuine business opportunity that suits them. That’s because most home based business opportunities fall far short of the hype and promises contained in the websites and sales letters of their owners and promoters. Being scammed seems to be part and parcel of the ‘character building’ experience that most Internet Business opportunity seekers go through on in their ‘school-of-hard-knocks’ learning journey.

A Simple Acid Test There is one simple Acid Test you can apply to EVERY home based Internet Business opportunity you come across. It answers the question:

What is the most important part of this ‘Internet Business’ opportunity?

If the answer is ‘the Internet part” then you would do well to tread very carefully. If the answer is ‘the Business part’ then you may be onto a good opportunity.

You see, at the core of the Internet Business Opportunities ‘industry’ lurks a Great Big Lie. Ignore it at your peril!

THE GREAT BIG LIE is: The INTERNET IS the BUSINESS!

The Great Big Lie is contained in the words ‘Internet Business’. Look at how often most so called ‘Internet Business’ opportunity providers and promoters use the word business in their sales hype. They try to impress you that what they are offering is a complete BUSINESS-IN-A-BOX. But most of these offerings have little to do with a BUSINESS. At best they are simply INTERNET TECHNICAL AND MARKETING TOOLS that can support your business. The ‘Internet BUSINESS-In-A-Box is a sales ploy… to get you to buy a few packages of Internet software, ready-made websites, website hosting, and training courses. These are likely to be only add-ons for the real business you will need to create if you are going to make any money at all.

THE GREAT BIG TRUTH is: The BUSINESS IS THE BUSINESS! The Internet is ONLY A COMMUNICATION MEDIUM in general and a MARKETING TOOL in particular for Internet Businesses.

Why do most home based Internet Business owners fail? Because they do not have a viable BUSINESS MODEL from the very beginning. They simply jump into what they are led to believe is an ‘easy-money-from-home-cash-machine’ Internet opportunity.

How often have you read home based Internet Business Opportunity blurb such as: ‘Make $100,000 in less than three months while you sleep. No experience or commuter skills necessary. Simply follow our step-by-step instructions that come with our Turnkey Internet Business-In-A-Box.’

Blurb like this is nonsense! There is no ethical Internet Business Opportunity in the world that can do this for the beginner! Even if you have 25 years of related Business Experience, 15 years of super Computer Experience, and a superb product to sell.. it will take you at least a year to make ANY money on the Internet if you are a novice! There’s just so much you have to learn about Marketing alone before you can even get started… not to mention search engine optimisation, Adwords, and all the other tools to drive traffic to your website(s).

You simply don’t get all of the help you need to start and run a successful home based Internet Marketing business in any ‘Internet Business-In-A-Box’ package for $495 or even $7,000! We know this because we’ve been there, we’ve bought the packages, we’ve spent loads of time, effort, and money on Internet Business opportunities, seminars, courses, software, products, mentoring etc. And our bitter experience shows that most Internet Business ‘get-rich-quick-schemes’ are nothing but Scams!

So, use our simple Acid Test before you part with your hard-earned cash: Check out whether or not the enticing home based Internet Business Opportunity really is a BUSINESS opportunity which can be operated effectively by Internet!

Visit www.infonichemarketing.com [http://www.infonichemarketing.com]