How To Find The RIGHT Home Business (Important Distinctions)

How do you find the right home business to join? Many of us have used the trial and error method. I am writing this article to save your valued time and money. The understanding I'm sharing with you here cost me approximately $70,000. I will give this to you for free. I am happy to say I have found the right home business for me. This information should serve you to find the right home business for you.

The first thing to consider when considering joining a home business is leadership. Many home businesses have closed their doors due to poor leadership. What is the purpose of the company? Was the company formed to help others and produce success in any new member? Or maybe, the company was founded to make the founding members rich. I endorse the lead by example approach. If the founders of the company simply do what they are asking you to do, and that is how they make their money, then this is a great company to be associated with. I have found leadership that does this. Leadership that is transparent is important too. A leader that is open and honest with their intentions, their past, their failures, and their goals and dreams. You can follow this kind of leader and company. In short, you are following the leadership as much or more than the product(s) of a company. In the same way that people buy you before they buy products from you, you buy in to the vision of a company and the leadership more than the products themselves. People want to be part of something special. The right home business should be perceived as having the leadership, vision, and vehicle to get you to accomplish the fulfillment of your dreams.

The next thing to look at in a home business is community. If you get started with a home business, you need interaction with others who are active in the business. You do not want a situation where you buy in to a home business and then you feel the unspoken words, " Good Luck to you". The more you are around and interact with successful people, the more it will rub off on you. The community will provide a positive environment for your growth. Weekly calls to keep you informed of innovations and developments in the company are great. Training webinars to advance your knowledge and skills in the industry are very valuable. Company events to recharge your batteries and to develop personal relationships with others and leaders are significant factors in your success. The community of a home business that possesses all these interactions is a great company to align yourself with.

The next thing to look at in a home business is the compensation plan. You want to make as much money as possible for your efforts. This is why I endorse 100% commissions. If you make a sale, you make your money back. There was not a home business, I'm aware of, that had 100% commissions until October 31,2011. Since that time, several companies have emerged to try to copy the original 100% commissions company. Unfortunately, those companies seem to lack the vision, heart, leadership, and community of the original. The compensation plan of a home business reveals many things. It reveals the intentions of the founders by where the money goes. It shows what is important to the company, you or your money. Any compensation package that is going to build your future should also have residual income. A home business with residual income allows you to continue to get paid on your previous efforts. The compensation package of a home business should have both 100% commissions and residual income.

Now, let's look at what you do not want in a home business.

1. You do not want to live your life on the phone. Spending countless hours on a phone selling people on a product or home business opportunity is not freedom. Doing "3 way calls" will eat up your time and burn you out with little return.
2. You do not want to have fill your garage and/or cellar with products. These products have a very limited return on your investment. It takes a huge amount of effort, time, and space to make any kind of real profit. The profit margin is small.
3. You do not want a high tier home business opportunity. This greatly limits the prospects to potentially become involved with the company. In contrast, if you have a low tier home business, anyone has the ability to get started and build a business. This greatly increases the percentage of people who may join the company. Remember, the home business arena is a numbers game.
4. You do not want to do home parties. Making cookies and having a small group over to your house will have a very limited return for your time. Again, it is a numbers game. It is better to have thousands of people looking at your website than ten people in your living room.

Another tip to look for in a home business is to identify what people want. What are people looking for? Well, this is a time of increased knowledge and technology. People are using that technology to search the internet for answers. People will do a Google search to find out how to do something or to acquire information on a topic. A company providing information on how to utilize the internet to market and make money online, for example, has a product most people are seeking. So, information products, educational products are the way to go. The markup and consequent return on your investment is 100 percent.

Those are the do's and don'ts in looking for a home business. Look for reliable leadership, great community interaction, 100% commissions, and information products in a home business. Stay away from high tier opportunities, home parties, inventories of products in your home, and spending your life on a phone.

We hope this helps. I wish I knew this five years ago. If you would like to see what we are doing to be able to share and spend time enjoying the summer, fall, winter, and spring ....click here.