Are you thinking about investing in a home-based business opportunity? Before you part with your hard-earned money, keep in mind that home based business schemes abound and the adage, "If it sounds too good to be true, it probably is" is especially important to remember. Therefore, it's very important that you do your homework.
Here are some questions you should ask before you commit to any home based business opportunity, as suggested by Wayne Ming. While the questions should not be considered all-inclusive because what you'll need to know largely depends on the type of home-based opportunity you're considering, they will at least get you started on the right track.
Wayne Ming can be contacted through his website www.yoursoftwarefortune.com.
What are the Startup Costs?
How much are the start up costs for the home based business opportunity you're considering? Are there ongoing costs? If so, what will they entail and how much are they?
This is especially important if you are very low on funds, and these days who isn’t? Often a business can cost more to start than it may appear in the beginning. It is also important however, to realize that you have to spend money to make money.
What Kind of Training and Support are Available?
The training and support offered by a company will make a huge difference in your success. Do you have a quality up line with good ethics and leadership skills? Are they dedicated to helping you succeed?
If the training materials and company leadership are good, you will grow your business faster and it will be easier to succeed.
What are the Rules for Advertising and Promotion?
Many home business opportunities have rules regarding how and where you can advertise. In some cases you may have strict limitations, and in others you may be able to do more or less whatever you want. In any case, it is very important to know and understand what you can and cannot do. For example, the company names are often copyrighted and/or trademarked and therefore you are not free to use them in your advertising without permission.
The more options you have for selling your products and or promoting your opportunity the easier it will be and the more money you will make.
What is the Realistic Income Potential?
Some businesses have considerably more income potential than others and before you invest your time and money into any home based business opportunity, you should understand how much you could realistically expect to make.
It's also important to understand what your breakeven point is for any business opportunity you're considering and how long it may take for you to actually reach the level of income that the home based business opportunity claims is possible.
How Long Have They Been in Business?
A brand new company has no track record and it can therefore, be unstable. A company which has already been in business for a few years has the advantages of new opportunity along with stability while an older company already has a lot of reps and customers and it may be more difficult to find your own and the market may be "tired".
What Products or Services are Involved?
What are their products like? Are they high quality? High quality products will endure and sell better than products of a questionable quality.
Is the product consumable? Will people reorder the products? Consumable products offer the business owner more money because people will reorder and buy more. Non-consumable products can only be sold once and then you have to go out and find more customers.
Are There Quotas or Minimum Inventory Requirements?
If you are required by the company to buy a large quantity of products on a regular basis then it can be difficult to maintain the business or it can be financially stressful if you need to temporarily stop working your business. The last thing you want is a basement full of unused products.
Are the Products or Services Affordable?
The majority of the population must be able to afford the products or services the home based business opportunity is offering to customers. The more expensive the product or service, the harder it will be to sell and your target market could be very limited because fewer people will be able to afford it.
Wayne Ming
Founder & CEO
http://www.YourSoftwareFortune.com
Info@yoursoftwarefortune.com
1-888-380-2260
Dont Be An Idiot
It's become difficult for people to differentiate between what is and isn't real. Work at home scams have gotten more legit, by this I mean con artists have dotted the I's and crossed all the t's, thus consumers who are looking for signs for whether or not a work at home opportunity is real have to do some serious looking.
They problem, however, begins with people not looking in the first place. Very few consumers research companies or work at home jobs to find out if they are in fact legit.
Scam artists usually play on people's emotions or pull on their heart strings. Single parents or disabled people are frequent victims of work at home scams as they are normally pulled in by ads that seem to paint a picture ff a better life.
But what of those who did their research? How did they get taken in by a work at home scam? Here are examples of how some scam artist are using legit methods to get your money.
"Contact me for info"
Work at home scam artists now realize that people will look for contact information before they sign up. They've managed to by pass this by using phony contact information. Most people do not contact business owners to ask questions. Thus putting up fake addresses and phone numbers is a way to make consumers feel more at ease.
So how can you tell if you're doing business with a real company? Call the company. Ask to speak to a real person; not only that but ask to speak to the owner of the operation or one of their "satisfied" customers. If the company has only left an email address, email them. As a general rule, nearly all legit companies will respond to your email within 48hours, if you can't get in touch with a real person walk away. Or if they dodge your questions walk away.
2. "Send in your resume"
Freelancing jobs frequently do this. They know that serious employees are expecting the employer to ask for a resume and they're glad of it.
A common example of this is web design or content provider jobs. Ads are placed online asking people to send in their resume if they want to "write from home." The victim is asked to respond to the employment notice by submitting a resume to an email address.
The requested information often includes full name, address, sex, telephone-cell-fax, bank account number, copy of Driver's License or Passport, and occasionally a Social Security Number. The con artist almost always inserts malware in the form of spyware and Trojans into the email.
The malware reports back to the Hacker, who then has free access to the job seeker victim's computer, including usernames, passwords, and all personal emails. To delude the prospect of the scam they are told they are hired and are given assignments. Once the victim asks for pay they are told the work is substandard and will not receive payment or they never hear from their employer again.
This is a difficult one to avoid because all legit companies ask for resumes. However, companies do not usually ask for your bank account number, or Social Security Number. Beware of what information you are asked to provide. In order to avoid completing a job and not getting paid ask for half of the payment upfront and then ask for the rest once the job is done. This way you both have a stake in the project.
Work at home scams are getting more sophisticated and this makes them harder to detect however if you apply logic you can avoid many out there. If you have been a victim of a scam you can report it to
Both Wayne Ming & Jeff Casmer are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Wayne Ming has sinced written about articles on various topics from Work From Home, Joint Venture and Payday Loans. There are NO secrets. There's Just Stuff You Don't Know Yet!Get Ready To Know. Wayne Ming's top article generates over 2900 views. to your Favourites.
Jeff Casmer has sinced written about articles on various topics from Affiliate Programs, Work From Home and Search Engine Marketing. Jeff Casmer is an internet marketing consultant and work at home opportunity owner. His "Top Ranked" Directory gives you all t. Jeff Casmer's top article generates over 110000 views. to your Favourites.
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