By Jack Beddall
Evaluating a home business opportunity objectively is not always an easy task. Everyone's website and marketing materials are designed to highlight the positives and evade the potential negatives. This is neither good nor bad in itself; it's just a fact. After seriously looking at over 100 business opportunities, I developed a checklist of "Things to Know." These are broken down under the subheadings of Things To Learn About The Company, Things To Learn About The Products, Things To Learn About The Pay Plan, and Things To Learn About The Training. This article will cover the third category.
Things to know about the pay plan
1. If you are going to put in the time and effort it takes to build a successful business, make sure you are working toward a secure and increasing residual income. This will generally come from one or both of two sources: from ongoing monthly fees (dues, subscriptions, etc.), or from repeat sales to the end customer. If the pay plan has any kind of breakaway feature, you will constantly be building just to keep up with the parts of your business you lose as people "break away" from you.
2. Stay away from any kind of pass up pay plan. Pass ups can be called a variety of names ("qualifying sales," for instance), but they all do the same thing. Your first "X" number of sales goes to your sponsor. After that, he makes no more money off your efforts, but has new people which will produce sales to be passed to him. Once you have met your pass up requirement, your sponsor has NO incentive to help you.
3. I am a fan of mlm, but they have one great flaw-- it takes tens or hundreds or thousands of people in your downline to make any serious money. Most of the time, this is a direct result of the small profit margins of the plans and products. If each sale or recruit brings you only a few dollars a month, the money does not pile up very quickly. Look for a big ticket type plan where you can make up to $900 per sale.
4. Look for a pay plan that you can move up through without harassing all of your friends and family. If you have already been through a few "can't miss" opportunities, you probably have already found this out. If you are looking for your first venture into the home business field, prepare for the fact that your friends and family won't be interested in what you are doing until you are making some money without them.
Since you are one of millions searching for ways to make money on the Internet, I suggest you look at a business whose pay plan has all of the four characteristics. Big Ticket to Wealth has the best pay plan I have ever seen and you can see both the marketing site and the company site here.
Jack Beddall is a Christian, the author of two books, and lives in Central Montana with his wife and best friend, Victoria. They both are former teachers with a passion for helping people of all ages and abilities attain their life's goals, dreams, and desires.
Article Source: http://EzineArticles.com/?expert=Jack_Beddall
Evaluating a home business opportunity objectively is not always an easy task. Everyone's website and marketing materials are designed to highlight the positives and evade the potential negatives. This is neither good nor bad in itself; it's just a fact. After seriously looking at over 100 business opportunities, I developed a checklist of "Things to Know." These are broken down under the subheadings of Things To Learn About The Company, Things To Learn About The Products, Things To Learn About The Pay Plan, and Things To Learn About The Training. This article will cover the third category.
Things to know about the pay plan
1. If you are going to put in the time and effort it takes to build a successful business, make sure you are working toward a secure and increasing residual income. This will generally come from one or both of two sources: from ongoing monthly fees (dues, subscriptions, etc.), or from repeat sales to the end customer. If the pay plan has any kind of breakaway feature, you will constantly be building just to keep up with the parts of your business you lose as people "break away" from you.
2. Stay away from any kind of pass up pay plan. Pass ups can be called a variety of names ("qualifying sales," for instance), but they all do the same thing. Your first "X" number of sales goes to your sponsor. After that, he makes no more money off your efforts, but has new people which will produce sales to be passed to him. Once you have met your pass up requirement, your sponsor has NO incentive to help you.
3. I am a fan of mlm, but they have one great flaw-- it takes tens or hundreds or thousands of people in your downline to make any serious money. Most of the time, this is a direct result of the small profit margins of the plans and products. If each sale or recruit brings you only a few dollars a month, the money does not pile up very quickly. Look for a big ticket type plan where you can make up to $900 per sale.
4. Look for a pay plan that you can move up through without harassing all of your friends and family. If you have already been through a few "can't miss" opportunities, you probably have already found this out. If you are looking for your first venture into the home business field, prepare for the fact that your friends and family won't be interested in what you are doing until you are making some money without them.
Since you are one of millions searching for ways to make money on the Internet, I suggest you look at a business whose pay plan has all of the four characteristics. Big Ticket to Wealth has the best pay plan I have ever seen and you can see both the marketing site and the company site here.
Jack Beddall is a Christian, the author of two books, and lives in Central Montana with his wife and best friend, Victoria. They both are former teachers with a passion for helping people of all ages and abilities attain their life's goals, dreams, and desires.
Article Source: http://EzineArticles.com/?expert=Jack_Beddall
Labels: Work at Home
0 Comments:
<< Home | << Add a comment