Home Based Business Opportunity: Some Key Things To Avoid If You Want To Succeed

                                                                                         

Almost 500 years ago, the English statesman Thomas More advised people not to jump from the frying pan into the fire, meaning avoid going from a difficult situation into a worse one. An extreme example of that is someone with a gambling problem who incurs an exorbitant debt with some “bad people” (the frying pan) who then borrows money from a loan shark who uses big muscular thugs to collect his money (the fire).

To a lesser degree, thousands of good, smart people “jump into the fire” daily on the Internet these days. That happens when people who are in the frying pan (going to a job they don’t like, in credit card debt to their eyeballs, no time to do anything with the family) decide to start a home based business to rectify their situation, which is a very smart move. Unfortunately, they often end up in “the fire” because they fall for one of the many scams posted on the Internet.

That’s not as serious as having to deal with a couple of thugs in a dark alley, but it can have some very unpleasant repercussions. You could end up mis-spending a couple thousand dollars, you could waste a lot of time, you could lose some friends, but most importantly, you could conclude that all home based business opportunities are scams and decide to never get fooled again that way.

That would be too bad because there are plenty of good, solid, legitimate income opportunities you can do at home that will create a residual income over time that will allow you to kiss the job goodbye, pay off all your debt (without dealing with bankers or loan sharks), and have all the time you want to do the things in life you really want to do. I know that for a fact because my wife and I are running such a business. That’s the good news.

The bad news is that anything good and exciting - like the Gold Rush of the Old West - will attract the snake oil merchants of the world who are looking to cash in by taking advantage of people who are fool enough to believe their claims. “A fool and his money are soon parted,” and sadly, too many people these days part with their hard-earned money by falling prey to unscrupulous Internet predators.

What I’m going to share with you now are some of the key things to avoid in a home based business opportunity IF you want to find a good one, a legitimate one, one you will be proud of, one that will be straightforward and relatively simple to build, one that will change your life for the better, forever. These are “secrets” that the snake oil vendors don’t want you to know.

1. AVOID bad companies
This sounds too obvious to mention, but it’s not. People get so engrossed in the hype, the sensational products that “sell themselves,” the unheard-of compensation plan and the Armani suit worn by the potential sponsor that they forget that under all that, under that delicious and rich-looking “icing” is a cake called “the company.” And no matter how tasty and sinfully delicious the icing is, if the cake is rotten, your feast will be short-lived.

Find out where the company’s corporate headquarters are located. Make sure the company isn’t hiding offshore in the Bahamas or Panama somewhere to keep out of reach of the attorney general. This is a sign of a company’s true colors - bad colors.

Check for bad publicity. If the company has a lot of bad publicity, it’s for a reason. Bad publicity kills companies quick. Every company is going to have some complaints, but look for a pattern of complaints.

Find out how the company makes its money. We know that seems obvious, but this is the MOST critical information you can get. If they are selling you leads, if they are charging you an exorbitant amount of money every month (in excess of $50) to host your personalized website and back office, or if they have partnerships and alliances that are designed to line the company’s pockets with your hard-earned money, then they are making money without products being sold, which means they won’t care if you sell any or not. Bad omen.

Finally, avoid companies whose CEO is a fifty-something playboy who likes to wear umpteen gold chains and flashy diamond rings. Chances are he will be more interested in spending the profits on a new yacht than investing them in sophisticated software that will make navigating the back office easier. The founders of the company I work with are family men. They talk about their kids all the time and they bring their family to the annual conventions. For some reason, I find that comforting…

2. AVOID the bottom-feeders’ deals
If someone is telling you that for a 35-dollar investment you will be making thousands of dollars a month (or a week!!!), they just want your $35 and they’re going to show you how to spend more money to make money - usually by buying THEIR marketing package, THEIR shopping cart, or an expensive prospecting eCourse for which THEY will get an affiliate commission.

Or they might promise you that you will have to do NO work once you’ve signed up and sent them your $47 payment. Again, they just want your money. They’ll find a thousand suckers (that’s not a lot considering the millions of people who are searching for a business opportunity on the Net), they’ll take their 30, 40 or 50 grand to the bank (laughing all the way), and they’ll move on to another “income opportunity” where they’ll find another bunch of misinformed buyers. It’s what’s known in the trade as “rinse and repeat.” Bottom line is these people will fail many of the tests I’ve shared here with you.

For all the legitimate opportunities I have seen, you can generally expect to invest two to three thousand dollars to start making money. This includes the cost of purchasing the product and your initial set-up and advertising costs. If you’re not prepared to spend at least $2,000 to start and grow a successful home business, then don’t waste your time or money looking for ‘business opportunities’—what you are looking for is a stay-at-home job.

(There are actually 10 things you should really avoid if you want to succeed with a home business. You can find out about the other eight - including ‘soapboxing’, front-end loading and non-responsive sponsors - by going to the website in the resource box below. You will find there many informative articles on how to choose a good income opportunity and how to build one into a successful work at home business.)

In conclusion, think of the Internet as the Wild West of the nineteenth century. There are some really good opportunities out there, BUT there are also a lot of snake oil merchants who are looking for gullible people to steal money from. Just do your due diligence and you will find a legitimate home based business that over time will allow you to earn a solid residual income from the comfort of your home, and finally live the lifestyle that you and your loved ones desire and deserve. It CAN be done; we (Laurel and I) are living proof of that.

Daniel G. St-Jean, BB, eBB, CWCC
(BizzBooster, eBizzBooster, Certified Wealth-Creation Consultant)

P.S. If you know some friends ‘in need’ who could benefit from reading this article, why not email it to them now? They’ll appreciate it. Wouldn’t you?

About the author:
Need more money? Want more free time, more control over your life? Daniel G. St-Jean & Laurel R. Simmons (aka The BizzBoosters) run a very successful home business that helps a LOT of frustrated people escape the rat race and live a Richer Life. Please visit their website http://www.MoreMoneyMoreTimeForLife.biz where you can read more informative articles under the tab “More Information”, many of which will help you choose the right opportunity. If you already are involved in a home based business and need help building it, go to http://www.the-best-help-for-home-business-success.com and fill the short form to get your FREE copy of the bestselling eBook WHY Should They Do Business With YOU?

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