Picking the right home based business is more than just finding the one that seems to offer the most company stability. There are quite a few factors that go into selecting a home based business and none of them should be taken lightly.First, don’t focus so much on finding the perfect home business or network marketing company to join. The trick lies in finding the best match for you. You should never go with a company that you aren’t sold on because you think it has the best compensation plan or the best potential income. You’ll burn out quickly and never be as successful as you could be if you took the time, from the beginning, to find a product you believe in and can really get fired up about.What are the keys to finding the perfect home based business?Viable ProductsCompanies that do not offer viable products are companies that are out to take advantage of others. You do not want to be associated with or have your good name associated with these types of home based businesses. A viable product or service is the first thing to look for in any type of MLM or network marketing organization.Of course you want a little more than merely viable products. You want products that you feel will change lives, inspire people, make the world (or the people in it) beautiful, or simply make people happy or more productive. Regardless of which, the product needs to be a real product that people can use and that has value.You want a product you can really believe in and feel inspired to share with everyone you come in contact with. That is infinitely better than the average product that many companies offer. A viable product and a product that you believe in will make you not only happy but also make you more financially successful. It does this because you can maintain your commitment and enthusiasm when you believe in your products or services.Company StabilityThe stability of a company is important but don’t let that talk you out of joining new or emerging network marketing companies. The truth of the matter is that as long as there is a solid business foundation in place, competent leadership within the company and the specific organization or branch of the company you happen to be joining, and a solid product, there is no reason that even new businesses can’t achieve great things. Getting in on the ground floor can be exciting and very rewarding.However, it is a wise course of action to do a little bit of homework about the company’s founders and the science behind the products being created. You don’t want to stand behind a product that you don’t understand. In addition, it’s never a bad idea to do a little investigating to find out as much as you can about any company you plan to join. You’d probably do no less with a brick and mortar business venture.Company stability is about a lot more than just how long the company has been in business. A few questions you want to ask include:• Can the company deliver the products and services sold?
•Does the company have a good reputation in the MLM community? How about its leaders?
• Is there any bad press about the company now or has there been in the past?
• Is the company in good standing with the Better Business Bureau?
• Where are the products manufactured and/or shipped from?
• Can the company make payroll?
• How well does the company treat the people who are building it?Don’t simply talk to the people who are trying to recruit you to join the company. Try finding those who have been in the company and left. Find out what they have to say about the company and its stability. After your investigation, draw your own conclusions from the good, the bad, and the indifferent points of view you may have heard.Compensation PlanThis is an important factor when you are considering joining a business venture of any kind. You need to know how, when, and why you get paid. You need to be able to understand this clearly. Some MLM companies have compensation plans that are so convoluted you need a personal accountant to sort it all out.Ask yourself these questions as you do your initial research:•Do I understand the compensation plan?
•Can I explain the compensation plan to someone else?
•Do I believe the compensation plan is generous enough?
•How long will it take to reach the next level of the compensation plan?The ability to quickly climb the ladder of bigger commissions and payouts is one that will help you maintain your motivation and reach new heights in your business but it’s all a moot point if you don’t understand the plan yourself or can’t explain itto potential business partners. We all know how frustrating it is to put in long hours for pennies so make sure you find a compensation plan that is generous enough to make your dedication profitable.Residual IncomeThe final thing that is the icing on the cake in a great home -based business is residual income. This is the one thing that makes all your efforts today pay off tomorrow and for many tomorrows to come. Residual income is making money off efforts of the past, whether those are your efforts or the efforts of others in your organization.Wouldn’t you like to be able to make a tiny percentage of the money that is earned from the efforts of 10, 100, or even a 1,000 other people? Can you imagine what that will do to your bottom line month after month? How about if that amount grows with time, attention, and growth within your company and organization? Residual income makes all that and more possible.Keep these four factors in mind as you look for the perfect home based business to meet your needs and you will be sure to find the perfect business for you – a home -based business you can believe in and be excited about!
Selecting the Right Home Based Business
A Simple Product Creation and Product Launching Formula
If you tried to think of people involved in product creation, who would come to mind? You may think of Edison, Franklin, or maybe Henry Ford. Would you ever think of yourself as someone who can create a quality product? Product creation is actually relatively easy and product launching is not that tough either! If you follow a few easy to understand steps, you could be starting the product creation and product launching process sooner than you think.
The first step in creating your information product is to know and understand your market. This can be very time-consuming, especially if you are unsure of what to do or where to look to know your market. Studying your niche market and understanding the buzz words and buying patterns can ease the process dramatically. Personally, I would recommend networking with someone who has had success in the niche market you are considering and learn from their results. If they are into product creation and not very business savvy expect some hesitation. If they only sell products and have nothing to do with product launching or product creation you may your first affiliate (sales person)! Something else you can use to find hot trends is with the Google Trends tool.
The second step is the product creation process. Take your niche market and brainstorm ideas and topics relating to it. There are a lot of product launching contests going on recently relating to a newly created internet marketing tool. There are so many aspects to the mentioned niche that literally, and unfortunately, anything can be considered an Internet Marketing tool. The reason that anyone can basically create an Internet Marketing tool is because of something called Private Label Rights products.
What I use private label rights products for, and highly recommend them in this specific manner, is to cure writer’s block especially when it is lingering. Many people base their entire product creation and product launching on a private label rights product. This is where you can start to shine and build a strong brand for yourself. If you set goals for yourself, short-term goals to be exact, you can see your product creation come into being much faster and there is a good chance with less revision needed. If you keep hitting time restraint road blocks; however there is nothing wrong with a slow and steady approach, you can consider outsourcing portions of your project. Outsourcing can be an extremely huge benefit or just as great of a disaster.
You can find someone to outsource work to at a freelance site such as Guru.com or eLance.com. When reviewing proposals it is almost mandatory you perform a background check on them as you are in essence hiring them. Doing a background check on freelancers is as easy as asking for samples of their work and reviewing feedback on the freelance site from previous customers. Depending on the size and requirements of your project this can add up to a decent sized investment, so caution is very important. One tip I always recommend to people looking to hire an individual is to ask them what they can provide you that no one else can. This simple question gives them a chance to “toot their own horn” and acknowledge where they feel most competent as far as their skill set.
The final portion of the product creation and product launching formula is the launch. This can literally make or break the effort, time, and maybe (if you invested) money you put in to your project. There are numerous aspects to product launching and although their relevance is debated in terms to their effect, experts agree all must be followed. The person in your field who you asked for product advice from can help you substantially if you have kept in touch. If not, the first thing you need to do is to create a visually appealing website with flawless design work.
I also mentioned outsourcing before, this is one aspect of product launching I have little strength in and I always outsource this portion. The website does not have to be large however the content (ad copy in Internet Marketing) must be stellar and as perfect as possible. This is where advertising knowledge or experience is beneficial. When the site is set up you now put a lead capture form on your website.
I put two lead capture pages on all products I create on the internet and is one of the best methods of getting a solid start when you are in the product launching stage. When you gain information from a prospect or someone looking to get paid for referring sales you are able to provide them updates or specials. Many people abuse their prospect or affiliate lists by in turn emailing them with a new product daily and I find the recommendations to be totally unrelated to their original need, problem, or interest.
Another stage in the product launching stage is creating a free report or demo version of your product to entice the product to sign up to your email list. Using proper follow up with this can help generate numerous sales for you. One thing you need to ensure is that your free product completely relates to your main product that you are looking to sell.
You are now ready to advertise your product launching to customers as well as the opportunity to sell for affiliates. This is the single aspect that many product creations and launches fail on. It is actually not entirely difficult. One thing you can do is write articles (and a good amount of them) on topics relating to your product. I am a huge advocate of giving a solution in forums. When you join a forum you are normally offered the opportunity to create a signature. In your signature, you should enter the link to your opt-in or lead capture page. When you respond to posts, you are advertising your opportunity.
It is not impossible to create a product and it does not have to take a long time. You need to setup a plan and stick to it. If you get stuck, look at similar and successful products to your own and try and see how they did it. When you sit down and brainstorm you will be surprised with what you can imagine.
A Guide on Successful Product Creation and Internet Marketing
Product creation in Internet marketing is getting stiffer and stiffer nowadays owing to tough competition between Internet-based businesses. Putting up a new product requires plenty of brainpower and finances along with an ability to take risk. With that, even if you have the product well-set already, you have to position it strategically in the Internet landscape for others to notice. You should get the interest of Web users and turn them to actual customers. Aside from the usual physical products, many different products that thrive well on Internet marketing include E-books, membership sites, and video lectures.
The long and difficult process of product creation begins with ideas. They are easy to get – compared to the effort that comes with analyzing the market for that idea. Before the idea turns to a product, businesses often spend money, even amounting to millions of dollars, to ensure the success of the new product that emerges from an idea. Businesses undertake many types of market research and surveys before releasing their products to the public. Now, you may think that because your business is small, you can’t afford research or you don’t have to do research; you can and you should. The Internet allows you to disseminate materials needed for your market study to many people at once without your having to spend a cent.
It is a common maxim in business: Look at your destination first before mapping out your journey. So what are the goals you intend to accomplish with your product creation ventures? The everyday travails of your business may make you forget the end in sight. On the other hand, prepare to entertain new developments that come to your mind in your product creation. Your conception of a product may have started this way, but a few tweaks here and there along with some market research results and it ends up another way. Take it as the result of a creative process, not as a failure to reach your goal. After all, your product creation activities are intertwined with a long-term goal that you should strive to sustain at your utmost: profit generation. So if your less profitable initial idea evolves to a more profitable product, be thankful!
With your product made up already, start doing some aggressive Internet marketing. A product purchase typically comes after more than five times a customer is exposed to an informative call-to-buy message. Thus it is important to get the contact details, like the e-mail address, of potential customers who are on the brink of a sale. Use the results of your market research to determine the demographics to which you should concentrate your marketing efforts.
With consistent product creation, you can make an inventory of your products that you can market in due time. Just keep making products – the moment you succeed in making and marketing a product, customers are surely wanting more from you, so give it to them. Keep them on your side through constant product creation.