The question is now, if you want to start your own home based business, without having to go through all 51 million sites, how do you find the perfect business that really suits you?
Basically there’re 2 types of business that you can run. I’ll go through one at a time.
1. Selling a new product.
If you’re a super genius who knows what the market’s wants, that this type of business is for you.
Advantage: You will be the owner of the product which means you control everything; from pricing to the product type. You’ll become the expert and people will see you as genius who create new product line.
Disadvantage: You will have to design your own marketing plan; sales letter, website design, autoresponder email system and everything. So, in other words, your business might no begin within 1 or 2 month after you develop your product. Even you already setup everything, your income might come in rather slow since most people are afraid to buy new product.
2. Selling other people product.
You sell other people product and you earn income by receiving your sales commission.
Advantage: You don’t have to design any market plan (most of the time). Everything will be provided to you. All you need to do is using these tools to market their product. Since everything is there, you can start promoting them almost immediately and so do your cheque.
Disadvantage: You don’t have the power to change the market plan, product or any tools. You have to use them whether you like it or not.
Which one you choose is wholly up to you. But for me who is so lazy of doing any thinking and working, I’d choose option 2.
Still, you have to make filter out millions of products that you can promote for your business.
Here are the guidelines for choosing them:
1. Available marketing tools: Are they giving me any marketing tools? eg. email ad, banner ad, sales letter etc. The marketing marketing tools provided, the better.
2. Product is suitable for huge market: Choose a product that can be use by many people and not only for certain group of consumer.
3. Recurring commission: For me this is the most important factor. Some product, you earn your comission only once when you make one off sales. Normally, you earn a recurring commission when you sell product that needs the buyer make recurring payment every month.
So, you will earn your commission every month as long as the buyer makes the payment.
It is easy, isn’t it?
Let’s we summed up everything that we learn.
If you want to start you home based business immediately, promote other people’s product. This product should have excellent support, all marketing tools are provided to you, many people use it and the buyers have to pay them every month.
There you have it. A perfect home based business for you (at least it is for me ;)).
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