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Thinking of starting your own home business?... Five home business opportunities reviewed in brief below |
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| To help you sift through the myriad of
confusing information out there on the Internet, we have selected
five home business opportunities which you can easily compare
without wading through endless hype and false promises of easy
money. There is no such thing as a home business, or any business
for that matter, where you do little or no work and make money,
let alone buckets of money as some of the hype merchants would
have you believe.
If you are
sick and tired of searching the internet looking for the perfect
opportunity to work from home, then you have found the right
place. I can vouch from first hand experience that many of the
home based businesses operating online are out and out scams. The
easier it appears to be to make money online with an internet
venture the more likely it is to be a
scam.
The majority of home based businesses ventures fail because the participant simply hasn't done their home work properly. Working from home is fraught with traps for the unwary so it falls on YOU, to ensure you have done YOUR due diligence before signing for anything. Especially signing up for something where you have to pay money up front before you can start your home business. If you are considering an MLM or Network Marketing company, it would pay you to have a proper understanding of the principles involved with network marketing and how you earn income from the compensation plan. Working from home generally involves the selling of a product. If you can't sell and you are computer illiterate in this day and age then you have little chance of success. However, if you have some fairly basic computer skills and you are prepared to talk to people, building a referral marketing business in a niche or main stream market may be right up your alley.
You should look for companies that offer a product with a Significant Point of Difference. (SDI). For example, are there any competitors in the field the company operates in? Is a similar or the same product available via retail stores? If so what are the retail prices when you compare like with like? Does the product(s) represent good value for money? Importantly, would you buy this product or the company's service or whatever it is that is being offered, if you weren't involved with the business in any way? That's the cruncher when it is all boiled down. If you wouldn't buy the product or use the service if you were to be exposed to it, then you're going to have an uphill battle convincing "friends and family" to buy from you and to take on the business opportunity themselves. In a nutshell, make sure you ask all the pertinent questions about the product and company and your sponsor. This is a business decision you're making, not an impulse buy. A small amount of work now may save you many thousands of wasted dollars/pounds later! You are possibly tying yourself into a business that may consume many thousands of hours of your time over the coming years... so get it right now! Do YOUR due diligence BEFORE committing to any business and save yourself heartbreak and monetary loss later. Tick off the list of points below as you work your way through them
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Details |
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Cost to join as a Rep |
Nil |
Nil |
AUD$88 - USD60 |
£200 |
£20 |
|
Free trial period |
No |
Yes 7 days |
No |
No |
No |
|
Country of Origin |
USA |
USA |
Australia |
United Kingdom |
United Kingdom |
|
Value for money products |
***** |
**** |
**** |
***** |
***** |
|
Seamless Sponsoring |
Yes |
Yes |
Aus, UK, NZ, Canada, USA |
No - UK only |
USA Restricted |
|
Free delivery of product |
No |
Yes |
Yes (over $100) |
NA |
Yes |
| Free product |
Yes order 6 get one free |
No | No | No | No |
|
Monthly Qualification Cost |
USD$50 |
USD$10 |
AUD$70 USD$50 |
Must have 6 customers |
£20 |
|
Physical product |
Yes |
No |
Yes |
No |
No |
|
Parent company - years in business |
20 |
5 |
4 |
10 |
6 |
|
Manufacture own product |
Yes |
Internet Based |
Yes |
Telecoms and energy supplier |
NA |
|
Simple to understand Compensation Plan |
***** |
***** |
* |
** |
***** |
|
Minimum number of members to cover monthly qualification cost |
2 personals 8 group or 10 personals |
0 personals 10 group or 10 personals |
2 personals 15 group or 3 personals 5 group |
6 customers min' before any bonuses are paid |
1 personal 16 group or 5 personals |
|
Percentage payout on wholesale value of product |
81% |
50% |
25% |
25% |
60% |
|
Income with 100 Reps in group ordering the minimum monthly qualifying order. |
US$500 ***** |
US$100 ** |
US$150 *** |
Depends on the number of customers * |
£120 or approx US$200 **** |
| Number of personally sponsored Reps needed to qualify for payments over 100 Reps | 2 | 1 | 3 | 3 | 1 |
|
Depth of Comp Plan |
9 levels |
5 levels |
7 levels |
8 levels |
7 levels |
|
Infinity Overrides |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Simplicity of business |
***** |
***** |
** |
* |
***** |
|
Broad appeal |
Yes |
Limited Appeal |
Growing Niche Market |
Wide appeal within UK |
USA restricted otherwise broad worldwide appeal |
|
Significant Point of Difference - SPD |
***** |
**** |
***** |
*** |
***** |
|
Discount off retail price |
70% max |
NA |
40% max |
Up to 70% off BTs price |
NA |
|
Overall profitability ? |
***** |
*** |
**** |
*** |
**** |
|
Training available |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Training meetings |
Yes USA |
Mostly online |
Yes Aus - UK |
Yes UK |
Yes UK |
|
Annual Conference |
Yes USA |
Yes USA |
Yes Aus & USA |
Yes UK |
Yes UK |
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Overall Rating out of 10 |
9.5 |
8 |
7.5 |
5 |
9 |
Information correct at time of publishing