5 Questions to Ask About Any Business Opportunity
Okay, you have identified a business opportunity that promises to help you reach all your goals. Awesome! But you have been here before, only to be disappointed with the results your new business gave you. So how do you know if a business is right for you, and will provide the desired results?
Here are 5 quick questions you should ask about any business venture to save yourself time and heartache, not to mention money.
1 – Who is the company?
The ideal company would be 6 -10 years old, still new, but having made it through the first few years of bumps and bruises that wipe out so many businesses. They would ideally be debt free, and offer a product or service that the majority of homes already use. The owners should have a clear business plan, stand behind their product 100%, and be personally involved in the day to day operations of the business, and be approachable by any and all employees/distributors.
2 – Is the company’s product or service a leader in its field?
This is crucial. I am not saying that selling the wares of a #2 in a huge market can not be rewarding, but why waste your time with second place? Go with the best available product in its field.
3 – Is the product consumable?
It is great to be able to make a sale one time, and then have that customer continue to come back again and again because the product they love needs to be replaced. Also, if you have already satisfied the first 2 questions, you know your customer is happy to re-purchase a product of superior quality from a company that stands behind its product.
4 – How can I make money with this?
This may sound simple, but honestly, if you do not know how you get paid, or if the pay structure requires a degree to understand, get out! Your pay plan should be simple, very lucrative, and have several options. For instance, if you have a product that is sold through Retail, Fund raising, and Residual income, and you can set your own prices, you have a real winner! You get to choose how to run your business, not the company.
5 – Can I do this?
It does not matter if all the above criteria have been met, if you can not implement the business plan. It should not require any special skills in any area, and should have a system in place that is duplicatable by anyone that can follow an A, B, C process, and have ongoing training and support.
If the business only fits 4 of the criteria, keep looking. Believe me, I have tried several businesses that really shined in one or more of these 5 areas, but lacked in others.
Stick to these five questions, and you will find yourself in a rewarding business that will put you well on your way to realizing all your goals.
Patrick ONeill is a Veteran Network Marketing Trainer and Teacher who loves helping others achieve their dreams through this amazing business model. If you have any questions, you can contact Patrick at his Jacksonville, Florida home at the contact info below with any questions.
Business Plan Layout
Copyright 2008 IPS – Inter Press Service/Global Information Network
BEIRUT, Lebanon, Feb 6 2008
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New Business Opportunities: Online And Offline Business Ventures
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While it’s not a good idea to chase the latest fad since what’s hot today could be gone tomorrow, there are some interesting “new” business opportunities that are opening up new doors for employment possibilities.
Certainly, security is an increasingly popular topic and specifically, high-tech security (ie. biometrics, surveillance equipment), home and personal security and Internet security are just three areas that might provide exciting and interesting careers. Read more
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Cartridge Refill Franchise – A Great Business Opportunity
A cartridge refill franchise works to help printer users save money without sacrificing quality by offering printer cartridge refill packs and services. Using the products and services offered by a well established company, a cartridge refill franchise aims to educate printer users about the benefits of refilling and the ways to go about it. A large number of printer users are unaware that the refilling of a printer cartridge helps to preserve the environment by reusing existing resources. The growing demand for printing products and the subsequent demand for refilling make a cartridge refill franchise an excellent business opportunity.
Refill Printer Cartridges: A High Growth Market
Printing material is of utmost importance in companies, offices, colleges, schools and other institutions. Most workplaces and educational institutes have a fax machine and a printer. Therefore, the demand for refilling or refurbishing a cartridge every few months or days, depending on the usage, is extremely high. According to Lyra Research, nearly 70% of all cartridges are just thrown away when empty. This is a major cause of concern on environmental grounds. Recycling or refilling of cartridges can significantly reduce landfill waste originating from cartridges and their components, such as steel, aluminum, plastic and oil. Moreover, the refilling of a cartridge leads to significant cost savings for the printer user. The cost of a new cartridge is extremely high and original equipment manufacturers are making huge money out of it. Refilling can be done at a cost that is nearly 50% lower than buying a new cartridge. So, the scope for the expansion of sale of refill products and services is significant. Read more
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For woman, being beautiful is a high priority. There are a lot of public facilities that able to help them maintain their beauty, moreover most of them cost them a lot of money. People start to wondering, is there any easier and cheaper way to be beautiful?
The answer is yes, there is simpler way without cost a lot of money to go to a beauty parlour. All of the answers of beauty, the beauty tips that you need, kinds of right treatment for you all of your body is available in womens forum ; an online forum for a complete treatment for woman. Read more
The Honorable Denzel Washington
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Business Opportunities – How to Choose the Best Opportunity For You
Today, there are thousands of business opportunities both in the online and offline arena but not all of them are for you. Here are the elements that you need to consider when choosing the best one for you:
1. It must be something that you enjoy. Having a business that you do not really like is the fastest way to fail in this endeavor. If you don’t like what you are doing or if you are clueless as to what you are selling, there is no way that you can offer your clients with 100% satisfaction. So, choose a business that is aligned to your areas of interest. For example, if you enjoy going out of town, you can run a travel website or offer tours. As this is something that you really like, I am pretty sure that you’ll wake up each morning very excited to go to work.
2. It must be something that you are an expert on. Of course, you must have in-depth knowledge on the type of business where you would like to sink your teeth into otherwise, there is no way that your business will thrive. So, set up a business that you know inside out. You’ll become more confident and effective in promoting your business if you are the master of it.
3. It must be lucrative. Obviously, you would want to get into something that can offer you with enormous revenue. When choosing the best business opportunity, I recommend that you check on your competitors first. Also, determine the existing supply and demand as these will have direct impact on your sales and revenue.
