Many Business Opportunities and franchises are now are home
based. The advantages are great. You can wake up at 7.30 in the
morning and start work five minutes later. Many of these
opportunities only require a computer, high speed internet
connection and a phone.
You can work around your family life and forget completely
about office politics. You become the boss and answer to only
yourself. So how does one evaluate a home business opportunity
or franchise? In this article I will examine the types of
businesses that one should be highly sceptical off or even
avoid altogether.
Avoid any multi level marketing scheme where you cannot see a
market for the end product or the retail price of the product
is far too high. One such scheme I researched recently involved
selling vitamins at much higher prices than the high street
prices. They justified their costs due to the fact that they
had a superior product. Now in my experience if you as an agent
are trying to sell a very expensive product why should normal
people trust your product to be superior to a major high street
store?
Be highly sceptical of gambling schemes that persuade customers
that their chances of winning are higher through them then
buying normal lottery tickets from the supermarkets. Most are
crafty schemes designed to take money of normal people without
any payout or much lower percentage of payouts then normal
lottery tickets.
Definitely avoid any products that have not yet been
independently tried, tested and approved. One such product that
I heard about recently claimed that it could save users a lot of
money on their fuel costs. The idea is that you use their
product in your vehicle on a regular basis and you can achieve
savings of over twenty five percent! I do not know if this
product works or not. My main concern is that if it worked as
well as it is claimed to do, why have the major car producers
not yet latched on to it? Why have the large motoring rganisations not yet recommended it to their members?
Avoid any scams that involve fortune telling, psychic ability
or magic. Many of these are cleverly designed to take money of
people who are easily fooled. Have you have heard of the saying "there is one born every minute?"
Definitely do not get involved in any pyramid schemes. Usually
the only people who tend to make money in these types
businesses are the ones who are at the top of the pyramid. Most
people end up losing money in these and they have been made
illegal in many countries around the world.
Be very wary of any businesses that claim that you can make a
fortune working only a few hours a week. If they were as good
as they claimed to be why are they selling the secret to you
for such a small sum of money?
Finally never pay upfront for any home working business
opportunity where they refuse to reveal full details until you
have paid them a large sum of money.
Some home based franchises are extremely good. The great thing
about buying a franchise is that in most cases you can speak to
other franchisees and find out how well they are faring. They
will be happy to tell you all about thefranchisor, the
products and the difficulties that they encountered.
Always speak to an accountant and lawyer before signing any
franchise agreements and paying over any sums of money. A home
based business does have its rewards and if you find the right
opportunity it could be the start of a new life
