INTERNET BUSINESS OPPORTUNITY, DO YOUR DUE DILIGENCE BEFORE YOU BUY
If you are interested in investing in an internet business opportunity it won’t take long before you become overwhelmed by the possible choices you face. There are literally more than a million internet business opportunities available. Due diligence is mandatory; this is not the time to cut corners.
Seriously, who hasn’t at least given passing thought to what it would be like to work from home? Something about that thought conjures up lazy days, doesn’t it? With no boss looking at your hours or your work you can do anything you want, right? Some people even think it’s going to be all day fishing or 36 holes of golf. This might be a TV sitcom but it does not resemble reality.
Anyone who’s successful at this will tell you it is hard work. It’s going to take the same dedication and commitment as your cubicle job does. The difference is that when you own the company you get to set priorities, make critical decisions, manage financial positions, create sales presentations and, let’s be honest… this is the most important thing … work whenever you feel like it, yup, you get to set your own hours.
The Best Internet Business Opportunities
How do people use the web to operate their internet business opportunity? According to the Bureau of Labor Statistics the unemployment rate in late 2009 is 10%. We are losing 135,000 payroll jobs per month. The old model of 30 years and a gold watch is quickly becoming a thing of the past.
Job security exists only as long as your company does well financially, as soon as there is a slowdown or downturn there goes your job, it’s the first financial statement line item the accountants look at. A year’s salary is a lot of money for a company to save, so employees are cut first.
You need to provide your own job security. The retraining tidal wave of making money online is well underway but still in its infancy. You do not want to pass this up. This is like staking your gold claim in the foothills
The internet business opportunity is the business model for the 21st century. This model is all about education, as was the prior model. You must learn SEO (search engine optimization), network marketing, branding, web site design, hubs, blogs, social bookmarking , PPC (pay per click), CTR (click through rate), and many more methods of advertising that can be very successful in driving traffic to your sales or pre-sales landing pages.
What is the secret to working successfully from home? Is there a formula that guarantees internet business success? I have identified 5 characteristics you should be aware of when deciding on the best internet business opportunity for you.
1. Legal. Any business you decide to pursue must be legal to engage in. The internet is chock full of internet business opportunities that are not legal. The best way to check the legitimacy of any business is to contact the Better Business Bureau and your State’s Attorney General.
2. Track Record. As I mentioned above there are no shortage of internet business opportunities. Some of these models are more successful than others. There is always a new nut or berry that promises to make you live to 125. You will need to take risks but there is no need to take undue risk and there no need to re-invent the wheel either. There are many successful internet business models available. Stick with something that works, if no one else is making money selling it then maybe you won’t either.
3. High Demand Product. Any product you sell should be in high demand. Your chances of success are greatly increased by selling a product or service that is in demand. A product that shows someone how to get back on their feet financially is going to be more in demand than a Coach briefcase, at least in 2009 that’s the case, this may be different 5 years from now, and the internet is a very fluid environment, stay alert.
4. Reasonable Cost of Entry. Starting a business is risky. It stands to reason that the more you have at stake the riskier the business venture is. However, some reasonable amount of seed money is necessary to get started, it is in any business. I would be a little suspicious of any business that has almost no start up costs. I takes money to market a product and marketing is the single most important endeavor in any business. Some start up costs is appropriate. This is a very personal decision, for some ,000 is too much, for others ,000 is a comfortable investment.
5. Short Time to Profitability. One of the advantages to starting an internet business is that you do not have brick and mortar costs incurred from real estate ownership. Costs like mortgage payments, property taxes, maintenance costs and repairs. Because of this the length of time it takes to break even will be shorter. However, some internet ventures will take longer to return a profit than others. Do your homework, ask many questions.
The way to go about this process is the same as the old advice about buying a computer. I heard this 25 years ago and it’s still true today, buy the software that solves your problem and then buy the hardware that runs that software. In other words, one decision drives the other. It’s the same in buying or investing in an online business.
First decide what you want the business to provide for you, what problems need solving. Then research possibilities until you find a match. Finally, unless you enjoy buying into a business with the promise of support only to be left stranded on your own, look for a company that delivers on their promise.
Remember: The Courage 2 Succeed is doing 1 Scary Thing Daily
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Question by rorya: Does anyone know of a good internet sales or marketing opportunity?
I like the net and marketing and would like to earn extra income from home , at my leisure. It should be reputable business with high income potential and an interesting product/service. Thanks in advance.
Answer by brownbagpartyladies
Hi! I saw you posted about selling an “interesting” product..
We started with Brown Bag Party over 1 1/2 years, and are now Executive Sponsors and , and LOVE our jobs! Everyone shows up for a Brown Bag Party! We make 50% of all sales, and the parties are so easy to book, because women want to purchase these products in a safe and private enviroment. Look at our website at www.brownbagpartyladies.com , and give us a call if you are interested in receiving a business packet..! Brown Bag Party has change our financial future, and it can change yours!!
It’s scary starting a new business adventure. We understand that feeling. We did much research before deciding ourselves to begin this adventure. We knew we wanted a home business that allowed us time for our families, ourselves, and the ability to set our own hours. Of course, we also hoped for a great income (we made $ 1800 in commission our first month w/BBP)! We got everything we wanted from a home based business and more with Brown Bag Party!
Why did we decide on ladies pleasure parties? When we hosted one a year ago, and 17 ladies came, and we had $ 1600 in sales! Wow! We did a lot of pondering and research( it did take us a year). We realized the internet and the adult market were making over 4 billion a year! We researched several home based businesses and decided on Brown Bag Party. We love their classy approach to the suburban mom. Classy and Sassy! We love their marketing and the FACT that they pay more in hostess rewards, as well as more commission than any other home business company-50% to their sales reps! Could we do this? Why not? We love having fun with our girlfriends, and talking about sex. Sex and shopping! Two of our favorite girlfriend conversations! We enjoy meeting new people and educating them on enhancing their love relationships. This truly is the hottest trend in home businesses on the market today, and we are thrilled you are going to be a part of our success.
You’ll have the means to:
•Create a sizable monthly cash flow
•Educate others to enhance and strengthen their relationships
•Work part time or full time with NO sales quotas and no required inventory
•Earn 3 ways: host parties, book and conduct parties for others, and share the business with others
•Earn a free car. Brown Bag Party will pay your car payment every month!
•Earn free trips, prizes and products!
•Create friendships and long lasting business relationships with other BBP consultants!
As team trainers we offer you complete support!
•We will host your first party with you and give you the 50% commissions! This way you may use that $ to invest in your product showcase, or for whatever you choose.
•We will email you all our marketing materials and forms. You may use them or improve upon them and make them your own. You are your own boss!
•We will meet with you and train you on the software program, the products, your presentation, marketing, and starting up your home business to fit your needs. We are not a success unless you are too.
•We will teach you how to build your own team and get 10% on your downline!
Brown Bag Party is new to Florida! We are the first Florida reps for this company. Our team is growing quickly! Don’t just dream it, do it!
Think back how successful the sales reps became that joined Pampered Chef or Tupperware when it first began. This can be us in 5 years! It can be you too!
Sue & Danielle (Executive Sponsors and Party Consultants)
“Making Your Dreams A Reality In the Bedroom”
2006 Consultants and Retailers of the Year
Add your own answer in the comments!