There are lots of home based business income opportunities to choose from.
The question is, how do you choose? Click here for 12 Tips to find the best home based business for you.
If you are an experienced online marketer you will already have a feel for what works for you. If you are starting out, I recommend you read our starting online section and check out the Home Based Business Opportunity Listings, then make a decision to DO SOMETHING. It may turn out to be one of those “learning experiences” or it might surpass your wildest dreams. You won’t know until you try !
The following are notes regarding a number of home based business income opportunities I have researched or actively promote. Feel free to contact me if you have any queries regarding the material here.
These home based business income opportunities have been chosen with the following in mind:
- I am building residual income. Once someone sees what they like and joins under me, I must get some reward for their efforts and those of the people they recruit.
- Each home based business opportunity must be complimentary to the other. This means by focusing my efforts in any program I will in effect be growing the others as well. It also means that anyone who joins one program will find benefits in the others I promote.
- The program must work. The company must do what it says it will do and must pay on time. Their website must have high availability.
- The company must actually do something. While I focus my efforts on selling the business opportunity, the company must sell advertising or sell touch and feel products or whatever. In my experience companies which don’t fit this requirement don’t hang around for long.
- I must feel proud to represent this program. Comments in forums and with existing members I have corresponded with must be positive.
- There must be a good chance that people I refer to the home based business opportunity will succeed. A the end of the day I want the people I work with to be successful too.
- The cost of joining must not be more than $30 per month. If its higher than that the number of people will sign up for paid membership is reduced.
Here is the list of business types. Each is worthy of serious consideration
Web Hosting
The internet is growing at a furious pace, with more and more web sites being added by the day. Web hosting provides a definite need. True, it is a very competitive market, but lots of people make good money from it and there is no reason why you can’t too.
Some technical knowledge is required. If you dont have any, don’t be put off, as it can learned with a bit of patience.
It is a hassle to move a website from one host to another. This means your clients will be quite “sticky” and the quality of the revenue stream is good.
To get into this business there is no need to fire up your own server farm and run your own kit. There are several good companies which will provide the servers, backup support, billing systems and management tools. You just need to promote your hosting company and with each new client a growing revenue stream is established.
If this is an opportunity which appeals, I can recommend HostGator as having one of the best reseller programs in the market.
Multi-Level Marketing
MLM is an industry which has gone through it’s “growing up” phase and is reaching the next level of maturity. The income opportunity from MLM is two-fold. First you make money off the products you sell and secondly you make money of the efforts of those you recruit into the organisation.
MLM is often confused with pyramid or “Ponsie” schemes. Some are for sure. But there are also a lot of companies who legitimately sell product using the MLM business model and whose members do quite well.
Multi-Level marketing often attracts the high powered sales people offering instant riches. Truth is, it doesnt work like that. Like any business it will take a few years for you to grow an MLM business into something showing a good profit.
Most people don’t succeed in MLM because they give up too quickly. The trick seems to be to take a long term view, try selling a number of products until something work for you. At the same time some effort into recruiting people to your downline so that the residual side of the business grows.
SFI was the first program I joined. They have over 600 products, a first rate training program and entry is free. With affiliates spread all over the globe and a 20 year track record, this company is solid as a rock. If you’d like to try out the company for free follow this link SFI.
There is also more information about this opportunity at this link SFI Home Business.
