Hi, D. - I hope the following info will be helpful to you. I can share what I do, as well, so feel free to contact me. Many people run the business strictly from home. Perhaps Britt Schroeter, franchise expert could help too: ____@____.com luck!
Are you successfully discontent? Are you among the 60% of Americans who hate their job? Have you lost your job? Are you tired of answering to your boss? Are you having trouble making ends meet? Have you ever considered starting a home-based business?
According to the Direct Selling Association, there are 14.1 million people in the United States who are involved with direct selling. Sales in the U.S. alone are $30.47 billion! 43% of all direct sellers have a college and/or post graduate degree. Perhaps you may want to consider doing your own due diligence on this subject.
How does one evaluate a home-based business? Among the most common models business in direct selling are party planning, multi-level marketing, and consumer direct marketing. Which model is the most sustainable? How do you determine which company is right for you?
There are some key points to consider when evaluating a home-based business.
1. Product Profile: Would the product stand on its own, outside of the business model? What is the demand? Is new money being spent? Is this business recession proof?
2. Investment: What are the start-up costs? Are you required to purchase inventory, pay for your own web presence, or pay for expensive training packages? What supplies are needed?
3. Distribution Model: Do you have to carry product, deal with collections, make deliveries, or make repeat sales presentations? How is your business interest protected?
4. Compensation Plan: Understand how you will get paid! What is the mission statement of the company? What are the compensation statistics? What are the requirements and average time to reach each status? Are you earning residual, willable income? Are there bonuses? Profit sharing? Avoid companies with breakaways & decreased commission structures.
5. Company History: How long has the company been around, what is their credit rating, what associations are they affiliated with, and what awards and recognitions have they achieved?
There are many advantages to operating a home-based business. Home-based business owners can enjoy being their own boss, setting their own hours, incredible tax benefits, and a short commute!
To avoid joining a sorority, put your business thinking cap on. Be sure to go in to your business with your business acumen in full gear, and do not let your emotions influence the decision making process. A home-based business can be incredibly rewarding – personally, professionally, and financially. Doing your own meticulous homework can put you on the road to time and financial freedom, and building a business that can last a lifetime.
N. Boecker works with Melaleuca: The Wellness Company.
All rights reserved 2009. No parts of this writing maybe reproduced without the permission of the author. Contact author at ____@____.com;
http://www.thewhycircle.com/nkboecker.