There is no doubt in this day and age that people are skeptical of everything when they are searching the internet, especially when searching for a legitimate home business. Everywhere you go you are bombarded by people that think if they SPAM enough people they will surely sell something. The following are 5 helpful habits that you can get into when looking for a legitimate home business.
One of the first things you will want to do is to do some research on the internet and check with some government agencies that will regulate income claims and pay structures to make sure they are not pyramid schemes (FTC, etc.).
The second evaluation habit you want to get into is to check how long the company has been in business. If a company is less than a couple year old it is more likely to be questionable. Look for established companies with solid financials. Not saying all start ups are not legit, but you need to do your due diligence be for jumping into to one of these with both feet.
The next thing to look for is some customer reviews. Realize that in this step you will probably have to wade through a lot of testimonials from people that are in the company and are trying to shine a good a light as possible on it. On the other side of the coin, there will also be competing companies that will write poor reviews in order to deter you from choosing the competitor.
The fourth thing that we always look for is the products or services that are being offered. Are there real benefits to what you will be selling? One other consideration to keep in mind the pricing of the products or services. Understand the higher price is not necessarily a bad thing because your commissions are based on this and it will take less sales of a premium product to end up with a good income.
The final thing that we use to evaluate any company is the sales processes and training available. Let’s face it, the better sales systems and training that is in place, the quicker you will be able to realize some income. Be sure that the company has a good mix of offline and online sales processes that will allow you to capitalize on all avenues of generating sales.
These evaluation habits are by no means the gospel, but if you use these as a basis for evaluating potential businesses you will be several steps further ahead than most people who are looking. We know this might seem like a lot of work, especially if you are evaluating many companies, but this front end work will give you the best opportunity to succeed on the back end of the legitimate home business you choose.
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Hey Eric,
A good standard for choosing a company. I have to say, I check out the comp plan first, and see if it offers the money I choose to make, then move on. But I see your method as being solid.
My big problem is, that when a comp plan proves to meet everything I am looking for, I tend to let go of some of their failures in other area’s.
Maybe I should switch things up for my next venture.