Recently I have been hearing a lot about many home-based “business opportunities.” I have had many, many people come to me and ask me to join the next best, most wonderful thing out there. Something that will provide you with residual income for life, and the worst part is some of them will even offer you walk-away residual income. (There is no such thing as walk away residual income! – When you walk away eventually your income does too!)Today I would like to share some information with you so that you don’t get sucked into the hype and excitement that surrounds many opportunities. If you want to be a successful in a business from home you MUST use business criteria to investigate the business.
There is a wonderful book out the titled Beware the Naked Man Who Offers You His Shirt. –written by Harvey Mackay. I absolutely love this title. It is these words that I think of most often when the next best thing is being presented to me.
It is a fact that many network marketers are looking for the next “million dollar – get rich scheme.” I am here to tell you that ALL good businesses take work and effort. If you are told that you can get rich quickly, please run; don’t walk away from what they are telling you no matter how good it sounds.
Next, if the business is asking you to pay a fee of $199 – $399 simply to get a license to work the business it is most like not a good residual business.
There are some new energy companies out there that are teaching that each business person only needs to bring in 8 – 10 customers yet they are pushing residual income hard.
In all of my years of studying this industry I have learned that customers are what provide you with residual income. Promotional money comes from enrolling people to work the business. You can make a nice profit from all the $199 – $399 fees people pay. But what happens when the people you enroll quite enrolling people to work the business?
So the bottom line of my blog today is for you to check if there are real customers, really purchasing products or using the service from your company that they are really going to use up, and really want to reorder.
Next be sure that the company you are looking at is not asking you to inventory the products your customers buy. Let the company be the warehouse. Let the company be customer service too.
In closing PLEASE, Beware of the Naked Man Who Offers You His Shirt! Be sure to do your due-diligence BEFORE you jump in. If someone is trying to convince you to join on hype alone this is most likely a company where a lot of people will get hurt and only a few that got in at the top will win.
Please feel free to contact me if you have any questions about joining a company. I would be happy to share what I know.
Until next time I wish you the true riches of life.