Need info on starting a home based business?

I can totally relate. I’m doing the same thing, except my retirement timeframe is a couple of years from now.

There are a lot of different products and companies out there – it can be a little overwhelming to choose, so here are some things you might want to consider:

1. Pick products to market that you personally like and will use – it makes it easier to talk to other people about them, plus you will usually also get a good discount which helps your budget if you would be buying similar products anyway!

2. Pick products that are consumable and most people buy several times a year to help build a large customer base with repeat sales.

3. Research the company carefully. It’s better to get involved with something that is growing and doesn’t have too many reps, but is on solid financial footing.

4. Look at the compensation plan. Is it easy to understand? What is your profit margin? Sometimes companies that offer free or low start-up costs pay a very low commission/profit percentage. Look for companies that offer residual income from building a team so when the day comes that you no longer want or are able to actively work your business, you will still receive income.

5. Are there monthly or quarterly sales/purchase quotas? Will you be comfortable with that amount? For some people it is a motivation while for others it becomes a burden unless you would enjoy using the products yourself or to give as gifts.

6. What are the marketing methods allowed? Are you required to market through home parties or do you have the freedom to market the way that works for you? Make sure that the approved company marketing methods will fit what you want to do.

7. Watch the market trends. Right now there is increasing interest is in green, natural products made in the USA from renewable resources.

8. Is there good training and support provided by the company and your sponsor? This will really help you get off to a good start.

Feel free to contact me if you would like more info about what I am doing.

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