What Makes the Best Home Business for YOU...
Great Question... I actully really analyze companies before moving forward. Here is what I do... I hope it helps someone:
1. I must believe in the product before I look at anything else. It really doesn't matter what the comp plan is if I don't believe in it I won't market it.
2. I only enter a business that has an expanding market. I want growth. So for example, I wouldn't market FAX machines, to me that is a shrinking market.
If the business passes 1 & 2, then I begin my due diligence
3. I want to understand how the money flows. What type of compensation plan is it, how do I get paid, when do I get paid, are there charge backs, what leverage is in the compensation plan (you want to make money from the work of others, otherwise you have a job where you only get paid if you keep working)... but I do not want employees (headaches!) I want associates/team members with everyone helping each other. The comp plan must reward my sponsor for life! This is critical otherwise your sponsor becomes your competitor (yikes!)...I want my sponsor to make money off my efforts because that is an incentive for my sponsor to ALWAYS help me.. ongoing training and education.
4. I want to know who owns the company. Who founded, who are the managing partners, who is in charge of product development... and what is their track record and why are they running or involved in this business now.
I've found when I do this level of due diligence I get what I want, a business with high integrity, excellent return on investment, and a good fit for me.
Good Luck!
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