More and more people are starting home based businesses. There are many things to consider when starting a home based business and I’ll point out some of the obvious and the not so obvious.
One of the most important things you need to consider when looking for a home based business is your product. You have to choose something that you believe in and can have passion for. Whether its a Health and Wellbeing product, a Consumable product or a Service you must have passion for what you sell and what you do.
Here are 5 key things to consider when looking for your home based business…
Low unit cost: If the product line or service is not affordable to the majority of the population, who will buy it?
Is the product “Consumable”: Choosing a product line that is consumable ensures repete business.
Mystique or Exclusivity: You should not be able to visit your local discount store and find the same product at a lesser price.
Management Team: Newcomers or Experienced? Make sure you check out your sponsor as well!
Profit Margin: Has to be Adequate or BETTER than adequate. In order for a company to be financially stable, there needs to be enough funds to compensate the distributors as well as keep the company running.
Choose wisely and do as much research as possible before you put your hard earned money on the table! Whatever product or service you choose make sure that you are a user of that product or service. This will help you to give personal testimony when you are sharing with others.
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