3 Key Questions To Ask Yourself When Evaluating A Home Based Business

Written by admin on December 7th, 2010

Well, you are ready to take the chance and leave the cubicle and the office for your new corner office in your spare room or at your dining room table. You are ready to trade in your suit for your weekend shorts that you will now wear during the week. Your one hour commute will now be 60 steps to your home office.

There are 3 basic questions that you will ask yourself during your search for the right home based business. As you probably have figured out, there are many opportunities shouting at you on the internet. Some are legit, some are scams and some you don’t have a real chance out the gate to make it work. To narrow down your search, you may want to search on Google the top 10 home based business to determine some of the best home based business. Of course, you want to also search businesses with products and services that interest you. Passion can really create business opportunities. Passionate people don’t give up at the first sign of setback. No obstacle is too much to overcome when you are passionate about what you are doing.

So, research and finding something that you can be passionate about. Next, this will lead you to the 3 questions that will help you determine if the home based business is right for you.

Is This For Real?

After you have done your research, you will be able to determine if the businesses at the top of your search are for real. One thing you can do is type in the name of the business and type SCAM after it. Read all the articles and posts that claim the business is a scam. You will have to take some of the comments with a grain of salt since some are disgruntled when the business doesn’t work for them. Take it seriously.

Further investigations should be with the Better Business Bureau or third party sites that track MLM, network marketing opportunities and home based business to show proven home based businesses. Also, get some references from the person who introduced you to the opportunity. Taking the time for these steps will help you determine if the business is for real.

Can I Do It And Be Successful?

Once you have narrowed down your search and have found something that you are passionate about and is for real, then ask yourself, “Can I do it and be successful?”

What products do they offer? Are they products that are in demand? Are they growing the product mix? What channels of distribution do they have in place?

Check out the compensation plan and compare it to others. Can you make a living doing it? Obviously, it is important to be able to make money on multiple levels from the company.

Research the leaders of the organization to make sure that you feel comfortable moving forward and that you can do it.

Contact the support department and see what kind of support you would get if your joined the business. See what the mindset is for the organization by talking with customer service.

To be successful you need to set goals and a way to measure yourself along the way. So, find out if the organization you are reviewing has a way to help you set goals and track your progress.

The attrition rate in home based business is high. How does the business you are reviewing address this? How do they help you stay motivated and grow your business?

Will I Get Some Help?

You will probably need help getting your business off the ground. Mainly, you may need help with marketing. Marketing is one of the keys to success. Even if you are a seasoned internet marketer, you will want to be with an organization that has a proven track record with a proven marketing strategy. Does the organization have proven marketing strategies that can help you? Do they offer leads? Do they teach you to fish while they give you fish?

Do they give you a peer mentor to help you with the back office stuff and the workings of the product distribution? Do they have a system in place to guide you or do they just let you figure it out on your own?

So, if you are ready to make a home based business work, keep in mind the three questions to help you make the best choice for you.

To your success.

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