Melanie answers:
Home based businesses are pretty simple to do. I have quite a few friends that have home based businesses and only work out of their home. I think the best one is in the telecommuniations industry with the largest direct selling Telecommunication service provider in the world. They are 15 years old with head quarters in Farmington Hills Michigan, Charlotte North Carolina, Amsterdam, Sydney and Montreal. They have been featured in several magazines like USA Today, Success, Fortune etc. Inc 500 rated them the 22nd fastest growing company in revenue in it’s first five years. They are registered with the BBB and FDSA as well.
They market in services people use every day and pay for anyway. Services like Local and Long Distance telephones, Internet, Digital, video phones, Satellite TV, and all the major cellular phone companies like T-Mobile, Verizon, AT&T, Sprint, Nextell, Altell etc as well. We save people money and make money at the same time. Every single month these people pay their bills, we make a percentage over and over again each month. Donald Trump has endorsed our company and uses the services as well.
How many people do you know, or know of around the world that uses one or more of these services or products? . A lot of people right? You can save them money and make money.
There are so many different types of businesses you can do from home. You just have to find one that interests you most.
Here’s a key factor to things you should look into when going to get involved in a business,
1. How long have they been in business? If it’s under five years their is a huge risk factor. but it could be very well profitable for you if it all pans out.
2. Do they have a proven track record? Meaning are there people involved in the industry or a particular company that have succeeded? Don’t pay attention to people who “failed” in their businesses, because businesses fail all the time. Look for people who have succeeded in whatever industry your looking into.
3. Do they have a physical address that you can go to? Meaning, not just a P.O. box, but a “real” address.
4. Do they have a training system? If your knew to an industry, do the companies that your partnering up with have training available to you, so you can learn the ins and outs?
5. Have they been in several magazines Such as Success,
Fortune, USA Today. Has Inc 500 rated them? Inc 500 takes the top 500 companies with the fastest growing revenues in their first five years in business. This can show you how well the company is growing.
6. Are they registered with the BBB? This one is not too important. You’ll find all sorts of complaints from workers to representatives to consumers etc. You won’t find anything posted from people with positive things. It’s another blog. The only thing it’s really usefull for is to show that the business is a real business and does exist. Every business owner knows what’s said about companies in complaints to the BBB as well as blogs and reports are bogus. It DOES NOT constitute rather a business is legit or a scam. Even the postings. I can elaborate on that if you wish.
7. Meet the co-founders.
8. Who’s involved in the business and do they use the products. Example Donald Trump has endorsed a business and he uses their products.
9. What’s the compensation plan
10. What does the start up cost take care of? It should take care of your licesning, accounts payables, accounts receivables, Inventory, billings, customer service, rep services, workman’s comp, employees etc etc.
