Home-Based Internet Business Idea

Since the last economic meltdown, there are a lot of people still looking for work, or trying to get something else going in case their J-O-B gets eliminated. Many of these people are looking into the low cost of network marketing. Just because it may seem to be a low startup cost, doesn’t mean it is for everyone. Here are a few questions you might want to find the answers to in order to find out if the opportunity is right for you:

1. Is the Compensation Plan solid?

The compensation plan must pay well. With the old binary plans, you would only get paid from a ‘Lesser’ leg. So, even if you brought in the best marketer in the World, if they were not on your “Paying” leg, you wouldn’t make a dime from their efforts. This is a very important thing to consider before joining a company.

2. Is there a lot of competition in your market? Will you be constantly concerned with how other companies are saying how their product is better than yours because of some foolish part of the product, that doesn’t amount to a hill of beans to it’ value. Then, you’ll always have to counter that with another meaningless bit of information. Or, is the product something that already has distinguished value, and will not be thought of as better because of some small circumstance?

3. Is it in a highly regulated industry? Will it be difficult for your company to make even the smallest of changes because of regulation? Will possible changes be costly to the company, and cause your commissions to be lower?

4. Is the timing right? With the way the economy got in ’08 and ’09, people are looking more to make and save money, rather than spend money. Therefore, the product has to bring value to the consumers now with a very good possibility of increasing in value for the future. Has the historical value of the product you are considering risen over the past 20 years?

5. Does the industry constantly change for the product? I have been in the IT industry installing and troubleshooting computers and network equipment for about 20 years. I know how rapidly technology changes, and this is why I will not even consider technology MLM products.

6. What is the demand for the product like? Is the demand constant? Has the demand been good for the past 20 years? Will there be a reason the demand might decrease? What commodity have people craved for years, even back to Kings?

7. What kind of training and/or help will you receive? Will you just be thrown to the wolves to survive on your own? Will there be support to help you learn the ropes and be able to take the job and succeed with it?

Hopefully, those questions will aid you in your search for the best company for you. They were instrumental in the network marketing company I chose. The answers to these questions are why I have been successful in this industry.