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Written by Andrew Murphy
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Sunday, 12 November 2006 |
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Word Count: 640 10 Mistakes People Make When Choosing a Home Based Business
1) No work Involved – People make this mistake all the time. There is a myth
that there is little to do and the dough will start rolling in. This is simply
not the case. There is plenty to do because who else is going to get customers,
retain them, sponsor and train new associates, keep up on the latest products
and product knowledge, making new contacts etc….There is plenty to do. This
business is not for everyone.
2) Don’t get sucked into the ads that we all see “You can make $10 000 in the
next month”. It sounds too good to be true and it is. It will take time to build
a profitable business. (see #1 again)
3) Don’t jump at opportunities that make promises and pressure you into “getting
involved” No one should be pressured into a business opportunity. People that
use these tactics of pressure and hype will lose credibility, they already lack
integrity so it will just be a matter of time before they flush any business
they have established down the toilet.
4) If you’re looking at a network marketing company there should never be a
large fee to get involved. Start with a basic enrollment fee if that is what you
are comfortable with and fits your budget. There should be options for someone
to get started with different products packs and enough products to gift to
potential customers. This should also include business support materials for
your self. In my opinion you never be paying over $1500 or so.
5) Make sure the company doesn’t require you to load inventory. We have all
heard the horror stories of people loading inventory only to find it still in
the garage after 6 months and not able to return it. Some companies will try and
get you to load inventory so they can reach their next pin level for that month.
6) Research the company you are thinking of joining. Find out their physical
address, and make sure they have been around for at least 5 years. Too many good
people get scammed by fly by night companies. Due diligence is all you need to
stay on top of things.
7) Don’t get caught up in a confusing compensation plan. Talk to someone that
knows it. It should make sense.
8) Tools for the business. This can be a huge scam. Companies will try and get
you to purchase monthly or weekly tapes, books and go to seminars constantly.
Stop right there! You don’t need these tools to build YOUR business. You choose
what you want to use for your business venture. Don’t line the pockets of guru’s
that sell these tools. Don’t get me wrong though, I am not saying don’t read or
listen to information I am simply saying that many modern network marketing
companies will have free information to download and use.
9) Don’t get involved if your heart isn’t in it. This will save your upline and
yourself much wasted time, energy and money.
10) Product. This might be the last one but probably the most important one.
There are tens of thousands of products available in network marketing companies
today but most of them are truly useless or build up around hype. Make sure you
find a company that has a phenomenal product(s) that is backed by scientific
proof and testing. Just because it’s not FDA approved doesn’t mean it’s not a
good product. Many people fail in network marketing because they don’t believe
in the product they are marketing. This is a critical error! Do your research
and make sure you have a very high quality product.
Good luck!
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