Saturday, September 16, 2006

10 Tips to Find a Business that Will Prove Successful

Where Will you be by Age 65?

98% of the populations is either Dead or Dead Broke by age 65

2% are successful in retiring and living comfortably

Find out what Robert Kiyosaki calls the Perfect Business...

Robert Kiyosaki, world renowned speaker, best-seller author, and educator, rose from 'rags to riches' and retired at age 47 as a multi-millionaire business owner.

Kiyosaki outlines 4 Business Types:

E = 'employee'

S = 'self-employed' or 'small business owner'

B = 'business owner'

I = 'investor'

If you want to be rich, you need to be a business owner and investor. Building your own business is the best way to become rich.

But is it hard to do?

Absolutely! Or everybody would be rich.

But there is a way around all of those problems, depending on how SERIOUS you are about your financial success

With the right home-based business, you can run it from your home and save thousands of dollars. Plus, you can usually get started for less than a thousand dollars, have others working for you, have a great product, and get free training.

How do the Different Home Businesses Compare?

I know that supplementation is necessary. If you can improve your health and help others improve health, while making an income too, what else could you ask for? But I simply don't believe most of the claims of the various juices, vitamins, superfoods, super antioxidants, formulas, discoveries, and concoctions out there. But don't let skepticism keep you from finding the right home business. Don't get me wrong, I think that all health supplements may do some good, but not enough to justify the price. And you can't share a product with others if you feel like you are selling expensive snake oil.

With so many different home businesses opportunities out there, let me give you my Ten Tips to Know How to Choose a Good Home Business:

1. Growing Industry - First of all, most everyone recommends a business in the health and wellness or anti-aging industry, because this is where large demand is growing, and it is something that you can share with passion, concern, and emotion. It is hard to do that if you are recommending gardening tools or car brakes...unless you could share how the brakes saved your life in a near accident.

2. Direct Selling Association (DSA) members - A reputable and honest network marketing business should be listed with the DSA and the Better Business Bureau (BBB)

3. Product That Works! - Many companies simply have rah-rah training seminars that try to get people excited about the money. Look for a company that focuses on their product.

4. Professional Validation - If the product is backed by third party organizations, certifications, doctors, universities, and/or third-party research groups, then you know you have a product that sells itself.

5. At least 5 years of Debt-Free Success - While "getting your foot in the door early" can be your key to success, if the business has already been established for a few years, then you know that they are a solid company. Most unsuccessful companies fail in their first 3 years.

6. Publicly Owned - Not just any company can be put on the stock exchange. If it is legitimate and big enough, it may qualify. Huge potential and power with the added public finances = rock solid company.

7. Not another "Me Too" Product? - If the product is unique and patented, and not just another copy-cat product, you are set.

8. Great Training available - This goes without saying.

9. A Product Motivated Mentor - Hey, who cares how many dollars per month your mentor is making if he or she isn't excited about the product itself?

10. News - While this may not be necessary, but if the company or product is making it into the news at all, then there is even more potential for massive growth.


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