If you are thinking that now is the right time for you to be thinking about starting a Home Based Business because you are noticing everything seems to be going up, from fuel and food to energy supplies and car insurance all you need to do is find the right business for you and Hey Presto you are off and running.
One of the easiest ways in which to start a Home Based Business is with Network Marketing and there are some head turning business opportunities out there to choose from, all with differing compensation plans and start up costs.
Traditional Multi-Level Marketing
These often have a start up cost of $199.00 or less, some are totally free to join and in the traditional Multi-Level Marketing type business your “commodity” is usually people. Your business model will usually be set up to recruit people into your organisation and then your team members will do the same which when you work on the basis of getting a little from a lot of people over time the number scan certainly stack up.
This business model will usually involve distributors becoming a product of the product therefore creating a small residual income for each organisation owner who is actively building their business. The on-going costs of this type of business invariably may be re-stocking of goods to sell at Party Plans or a monthly payment for products or services supplied by the company.
The Marketing System Funded Proposal Home Based Business
One of the potential flaws of the Traditional Multi-Level Marketing Business model is the need to constantly be speaking to new people, preferably a never ending jet stream supply of them and so lead generation becomes somewhat of a talking point quite quickly after starting up your Home Based Businesss.
Enter the Marketing System approach with the built in funded proposal system which introduces the idea of a way to self generate endless leads online and help ease your cashflow by a cleverly designed series of autoresponders that will literally close sales for you.
They usually come supplied with ready made landing pages, marketing training and offer attractive opt in offers too.
I highly recommend that you stamp your own personality on the autoresponders as soon as your confidence allows. The cost for using a system like this starts at around $49.97 per month which I think is amazingly good value for what it can do, plus you can earn commissions and residual commissions with very little extra outlay after joining, especially if you have already purchased some of their funded proposal product lines.
The Self Employed Professional Type Of Home Based Business
One of the most widely found Home Businesses is the self employed professional “____” (fill in the blank.) You may be a Hairdresser, Chiropractor, Architect or Plumbing plus a host of other professionals who have chosen to shun the Office Rental each month in favour of working from home.
Setting up a Home Office in the garden is an increasingly popular way to work from home but also fell like you are still heading to the office each day, most Log Cabins with good insulation cost around £10,000 and these can double up as a studio or office for your business too.
High Ticket Direct Sales
A popular Home Based Business in the last few years which saw an explosion of interest when it launched is the High Ticket Direct Sales business model which combines all the elements of the Marketing System Lead Generation business model with a high commission per sale on the back end.
The idea of earning commissions in the thousands of dollars per sale appealed to leaders from the Multi-Level Marketing world struggling to keep their organization from disappearing altogether from their problematic downline attrition rate.
This Home Based Business Model is for people with at least $10,000 plus a really good sized marketing budget for lead generation.
The Home Based Business Membership Club
One of the best ways of taking pretty all the best elements of your Home Based Business and your unique products or services is to create an online Membership Club of you own.
It takes a great deal of planning and you will need to create a large amount of content for your members to enjoy but with a WordPress site and a membership plug in or software it is similar to creating a normal website.
It can really be adapted to practically any topic, from gardening and knitting to personal development and internet marketing, coaching and mini courses in a topic to a full blown How To Learn Spanish course.
To set up a Home Business membership club would set you back less than $500 in total and would be a great way to add a residual income stream to your virtual portfolio.
The choices are varied and will suit every budget.
Rating: 4 out of 5