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, auto responder 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 check.
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? ex. 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 commission 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 ;)).
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