Secondly, when looking at a business opportunity, you need to see if the product creates a sense of urgency in the marketplace, or if the product is even relevant in today’s society.
The bottom line in any successful work from home business is to determine “What will it really take to get that ,000 plus into my bank account or PayPal account?” The answer is found in the math.
Consider the experience you do have, whether it’s work or life related. Chances are you know how to do SOMETHING, even if you haven’t done it in a job capacity. See if you can find jobs that would use the knowledge you have, or at least touch on them in some way.
As I mentioned, I learned about the 10/90 rule from him. When I first read about this rule, it made me think about my network marketing career. For many years I attempted to build a network marketing business. And, I hate to, but must admit, I failed miserably. But, after understanding the rule, I know the reason I failed was simply that I took no time (let alone 10%) to find out the underlying laws, principles, rules, methods and techniques of successful action in the network marketing field. Notice, I did not find out the successful action. I primarily listened to the thoughts, hype and opinions of those who themselves had never taken the time to investigate how to be successful. Does that remind you of the blind leading the blind?
You see, a business creates a job for one basic reason: they need that spot filled to make the business more money.period! Businesses don’t hire you just because you’re unemployed, have sick family members and need to work to support them, or because you’ve graduated from college. Again, a business hires a person because that person’s employment leads to the company making more money.
Many people try different ways to earn money online, but they hardly get any success, therefore they cannot be happy with their selves. By understanding the reason as to why they fail in their attempt to succeed online and by looking at some proven ways of making money, you can effectively earn money online.
Read their compensation plan. Read their compensation statistics. Due your research. If the company has 100,000 members, and only 2% of them are making any money. well, that business opportunity is probably not something you want to do. My tip: the business needs to have some proven results, with a large group of the affiliate base.
You have a valid reason to question the partnership. There are a lot of cases of partnerships not complementing well with one another. It’s hard to have two businesses work together. More often than not, it results to failures to the partnership. Although there are times when there is at least one partner who succeeds. But that defeat the purpose of a partnership wouldn’t it?