What To Look For In A Home Based Business In 2011
Thursday, February 10th, 2011 at
7:29 am
The Current Economy Is Reason Alone to Have A Home Based Business in 2011
In today’s economic climate there are more people flocking to the Internet than ever looking to start a home based business in 2011.
Frustrations and fears are at an all time high with layoffs and uncertainty within America’s workforce. More and more people have seen their dream of retirement from former employers turn into a nightmare.
The direct sales Mult-level Marketing Industry has caught the attention of many former employees turned entrepreneurs due to a rapidly evolving world economy.
So that’s where our focus will be in this post as relates to a Home Based Business. So how do you know what to look for in a home based business in 2011?
Need More Ammo for A Home Based Business in 2011…
Here are 5 Key components that any home based business you are considering should have not in this particular order:
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Sponsorship is it duplicatable?
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Company Track Record
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Product how is it received in the market place? Uniqueness? Saturation?
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Training/System/Tools ex: Are they leveraging the Internet?
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Leadership/CEO/President
Sponsorship – It essentially boils down to this, can I do this and can I easily teach/empower someone else to do it. The key factor in Network Marketing/Home Based Business in 2011 is duplication. How many Mini-Me’s can I make in the shortest amount of time? Remember, I can take you fishing and catch the fish for you or I can teach you how to fish and you can feed yourself for a lifetime.
“He Who Knows Why Will Always Employ He Who Knows How.”
Company – Listen and hear me good, selecting a company should not be an emotional decision. Here are some factors to consider in choosing your company:
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Timing- Where’s the company’s growth cycle? Network Marketing Companies spike and plateau in growth…you want to catch the spike cycle because you can capitalise on the company’s momentum.
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Product-Is the market saturated with that or very similar products? How many other companies are in that niche? In other words what makes your product so special? If I googled your product, how many other companies pop up? It’s all leverage and you need every advantage you can in this business.
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Track Record-What does the trail left behind by the company say about it? Do they practice business with integrity? Are the reps proud to be associated with the company? You can call and subtely interview a rep to gauge how they feel about the company.( Take Care Not To Get Sucked In)….lol
Training – Training is absolutely key in choosing a home based business in 2011. Training has to be a focal point of the company. Now every training system is not created equal, just because they have training doesn’t speak to the quality of the training itself. I only know of one metric that matters when it comes to measuring a training system…if new reps are coming in and having immediate success and building down lines with retention. To me that’s a training system that qualifies as successful.
Leadership – Last but certainly not least. The company’s leadership determines vision and direction for your home based business in 2011 and beyond. You want to have a firm idea coming into a company that the captain has his hands firmly planted on the “wheel” and that they have mastered the skills necessary to take the company to great heights. Again track record comes into play, have they done it before and were they successful at it?
Choosing a home based business to start can be a daunting task especially trying to use the internet to narrow it down for you. Hopefully these tips have been helpful in your search.
If you find this post helpful please share this with your friends and comment below.
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This is awesome information! The main mistake we make is joining the wrong business and the wrong people! This is an awesome guide!
Awesome post Roger! Way to educate and put it in layman’s terms for people on what to look for!
Joel,
Thanks for your comments bro, it means a lot coming from you man.
Thanks for stopping by,
Roger
LuSundra,
I’m glad you see some value in this post. I hope it can help someone along in the process of making that decision.
Thanks for stopping by,
Roger
The economy stinks thats for sure. Its a shame that a lot of people have to abandon there work to seek refuge to network marketing. But even so Network marketing is a very good thing to consider. I think everyone should have some sort of business intellect. I think when people think of running a business that it just scares them to think that is it possible just like you pointed out and can you teach other’s to do the same. But training and leadership are the two biggies I think to having a successful business. Thanks for sharing Roger
Steven Dean
Steven Dean recently posted..How To Build A Massive Successful Downline In Your Network Marketing Business
This is definitely a great industry to get into. It is definitely a great alternative for the average American with a 9 to 5. But before investing in a MLM company, one must do their research because some companies are set up to make it harder for the distributor to become successful which is sad. The criteria that you have here is a great one to follow before making that important decision to join an MLM.
Shrman
Sherman Smith recently posted..Do You Want to be Wealthy Learn This Rule…
Awesome post bro, thanks a million for sharing this outstanding value. It was a great read for sure.Cant wait for the next blog post
Youv got it all in perspective. Awesome content Roger and looking forward to your next post..
Maria Eves
Sherman, I agree with you 100% Now is the time with this shift in industry taking place. A lot of people are going to get wealthy and I plan on being in that number.
Thanks for sharing,
Roger
Kareem, thanks for your comments. I got a follow-up to this post coming out today so stay tuned!
Thanks for stopping by,
Roger
Maria, Welcome glad to see you here!! Thanks for your comments look out for my follow-up post later today.
Thanks for stopping by,
Roger
Roger, great post! Yes, the economy sucks right now, and will not get better anytime soon. That WILL create opportunity for a lot of people who choose to do something about it instead of just waiting for someone else to bail them out. Good thing we are part of that group!:) Great points on what to look for in a vehicle you want to build your equity in!
Ryan Arakaki recently posted..The Perfect New Profession For This Economy Today
Ryan,
Yes the economy in it’s current condition if you have the right information is ripe for goo goo gobbs of money to be made.
Thanks for stopping by,
Roger
Hey Roger,
This is a very informative post. I like that you made the point that choosing a company should not be an emotional decision. If someone is looking to join an opportunity, then they should definitely be looking at all the points you laid out here before making their decision.
Ryan,
I agree Ryan because there’s no emotion involved when a company downsizes and sends you and your 401k packing. This is a business and we have to make sound “business” decisions and those aren’t always comfortable.
Thanks for stopping by,
Roger
well we all have got invited to a meeting about an opportunity and sometimes its all hype and you jump in and than think. this is why we are getting positioned now for all those looking for the right company the right leader. you rock Roger
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