What To Look For In A Home Business

When looking to start a Home Based Business there are several things that you should think about. I mean let's face it. A good salesman can make any business seem like the opportunity of a lifetime. But the question is, is it actually something that you can make money doing or selling.

First, How large is the market for it. If you plan to be successful you must have a large market for whatever product you sell. A good example is the Health Benefits Market. I'm personally familiar with this one because I've sold insurance before and currently have a business selling an affordable alternative. But to the point inbetween 70%-80% of Americans don't have health benefits due mainly to the fact that they are so expensive to get and to maintain. Another right now would probably be something with debt management or credit counseling. But whatever it is you need something that will benefit more than just a select portion of the population.

Second, Do you get paid for every piece of business that you write or do you have to build up to a point where you start to get paid. There are some "business opportunities" that in order for you to get paid you must first work yourself up to a certain level before you start drawing any kind of benefit from it. And even once you get to that level you can loose the pay if anybody in your downline quits until you have replaced them. You want to make sure before jumping in that you get paid for your work. And that just because somebody else decides that your product is not for them, you don't loose the benefits of your work. Also if the pay is commission based you might want to check on if there are chargebacks on commissions paid to you if a client drops out.

Third, If at all possible, to make the best use of your effort you want a business that pays residually as well as initially. This means that if you work hard and do the job right you get paid for it from that point on, over and over. You also want to check on what percentage the initial commission is and what percentage the residual will be. I'm in a business now that pays 30% up front and 30% residually, I've been in businesses before that paid up to 45% up front but then only 2% residually. You want a business that has as high percentage residually as possible since this is what will ultimately determine just how successful you are and how long it takes you to become successful.

If you can find a Home Based Business that does provide a benefit that the majority of people need, pay's you for every piece of work you submit without charge backs for cancellations, and provides a residual income on top, Then at that point you just need to ask yourself if you are willing to do what it takes to make that business grow. There are some great opportunities out there, but no matter how good the opportunity, if your not willing to work for yourself at least as hard as you work for somebody else, YOU WILL FAIL.

So when looking for a business to invest in, ask about these things. Use common sense. And be ready to work hard. I've found in my own life that owning my own business is the hardest work I've done. BUT IT IS DEFINATELY ALSO THE MOST REWARDING!!! http://www.hartlinefinancial.com/