If the idea of starting a home business, possibly an mlm home based business, has ever crossed your mind then the Global economic meltdown might just have made you more serious about it!
As companies lay people off by the thousands, and we’re hit with an ever-increasing cost of living then all sorts of ideas for home businesses can cross our minds. But don’t lay out thousands just yet! You actually don’t have to.
Starting a home business requires us to have one of two things in place, time and/or money. If we are ‘time rich’ and ‘money poor’ we can put many hours of effort a day into our home based business. If we are ‘money rich’ but ‘time poor’, we can leverage our efforts by outsourcing certain tasks. In fact all the real income-producing ideas for home businesses involve some leverage – putting a little in and getting a lot more out.
So do we go starting a home based business by racing off to our local Franchise exhibition, writing out a fat cheque to a smiley person who tells us we’re ‘in the right place at the right time’? I’d say ‘no’.
Why? Well, I’m not disrespecting franchises or indeed franchisees, who are often very committed, hard-working people but the sort of financial returns you can expect from a franchise are available from any respectable mlm home based business and you won’t be shackled with a huge outlay and all the pressures – including relationship pressures – that brings.
No. For any ‘Return on Investment’ calculation you’d care to make, a respectable mlm home based business is your best ticket out of the economic madness that surrounds us. Starting a home business knitting mufflers is all very well, but the minute you stop knitting mufflers, guess what? The income stops.
Any ideas for home businesses like this, which involve your sole efforts only are nothing but another job. If all we do is swap time for money, then our money is always going to hit a ceiling. What ceiling? Our time.
But for some of us, an mlm home based business is just not something we’d consider, whatever our circumstances. These are some of the key reasons:
i) ‘MLM is pyramid selling and illegal’. ii) I wouldn’t want to speak to my friends and family about it. iii) I wouldn’t have the time. iv) I hate selling. v) I don’t like rejection.
A lot might hang on how you process the following information so hold on to your hat!
i) Multi level marketing is NOT the same as an illegal pyramid. That would be like saying that hiring and stealing a car are the same because they both involve driving a car that’s not yours! I urge you to get the facts on this (not from your neighbour!)
ii) You can now build an MLM business without ever mentioning it to anyone you know!
If you’re not in the financial place you want to be in and you don’t do anything differently with your time, what’s going to change tomorrow except for your age?!
iv) You don’t have to sell. The modern version of an mlm home based business does not require any one to one interaction.
v) Same as answer to iv!
In this day and age, starting a home based business on the internet requires only basic computer skills which can be and need to be learnt. Incredibly, your new home based business could eventually involve thousands of people from all over the world whom you never met and will never meet. If and when you speak, it will be on the phone and it will be them chasing you, not the other way round!
So if you’re thinking that an mlm home based business might after all be the best of ideas for home businesses in this ‘worst of times’, then with well over 400 mlm opportunies out there, where on earth do you start?! That’s a good question.
The fairest answer is not to get too bent out of shape over which opportunity because these days people often promote several and frequently change. What you need is some kind of ‘launchpad’ – a system that you can plug into, and learn step by step how to make your new mlm home based business work.
You can promote several opportunities online, and different people will be attracted to different ideas for home businesses. You’ll be amazed at how automated it can be, and what huge incomed are achievable. Don’t listen to your Uncle Fred. While he’s telling you it can’t be done, thousands are out there doing it. Why not you?
Help is out there from people who’ve made incredible mlm incomes online, and that’s the best place to start. Everyone will tell you their home based business opportunity is great. That’s natural! But your success will depend on the system you use for finding motivated people around the globe who want what you’ve got. Open your mind to the potential of an mlm home based business. It might be the most important financial decision in your life.