How to choose a perfect home based business.
Nowadays, more and more people are becoming a home based
business owner. If you make a search on 'home based business' at
Yahoo, it returned a total of 51,000,000. No, I didn't put any
extra zeros. It's 51 million! Most of them are promoting
business opportunities and others provide home based business
information.
The question is now, if you want to start your own home based
business, without having to go through all 51 million sites, how
do you find the perfect business that really suits you?
Let's begin.
Basically there're 2 types of business that you can run. I'll go
through one at a time.
1. Selling a new product. If you're a super genius who knows
what the market's wants, that this type of business is for you.
Advantage: You will be the owner of the product which means you
control everything; from pricing to the product type. You'll
become the expert and people will see you as genius who create
new product line.
Disadvantage: You will have to design your own marketing plan;
sales letter, website design, autoresponder email system and
everything. So, in other words, your business might no begin
within 1 or 2 month after you develop your product. Even you
already setup everything, your income might come in rather slow
since most people are afraid to buy new product.
2. Selling other people product. You sell other people product
and you earn income by receiving your sales commission.
Advantage: You don't have to design any market plan (most of the
time). Everything will be provided to you. All you need to do is
using these tools to market their product. Since everything is
there, you can start promoting them almost immediately and so do
your cheque.
Disadvantage: You don't have the power to change the market
plan, product or any tools. You have to use them whether you
like it or not.
Which one you choose is wholly up to you. But for me who is so
lazy of doing any thinking and working, I'd choose option 2.
Still, you have to make filter out millions of products that you
can promote for your business.
Here are the guidelines for choosing them:
1. Available marketing tools: Are they giving me any marketing
tools? eg. email ad, banner ad, sales letter etc. The marketing
marketing tools provided, the better.
2. Product is suitable for huge market: Choose a product that
can be use by many people and not only for certain group of
consumer.
3. Recurring commission: For me this is the most important
factor. Some product, you earn your comission only once when you
make one off sales. Normally, you earn a recurring commission
when you sell product that needs the buyer make recurring
payment every month. So, you will earn your commission every
month as long as the buyer makes the payment.
It is easy, isn't it?
Let's we summed up everything that we learn.
If you want to start you home based business immediately,
promote other people's product. This product should have
excellent support, all marketing tools are provided to you, many
people use it and the buyers have to pay them every month.
There you have it. A perfect home based business for you (at
least it is for me ;)).