Examples Of A Home Based Business
“Make money from the comfort of your own home” “Earn thousands in only a few days” “Sell products that you never have to buy” “I made $10,000 in three days! You can too! I’ll show you how!” Have you heard lines like these before? Well, if you’ve been surfing the net for any time at all, you probably have. These ads arrive in your inbox, on the radio, on TV, even in your home mailbox. But are they true? Do they hold any credence at all and how will I know?
In this country, speaking of the USA, there are literally thousands, tens of thousands of home based business opportunities available. Unfortunately, some are scams and will take your money and run. But we want to look at credible home based businesses, don’t we? Yeah. We do.
The most common home based business is in the MLM or Multi-Level Marketing field. This is a business where you join a website and market their products for a commission. Sounds like affiliate marketing but it really isn’t. In an MLM business, you would sell somebody else’s product/service using their pre-written approved marketing materials. Usually, you receive a “clone” web page embedded with all of your information. This page offers the product and serves as a portal to get other people to join form your page. These people will be called your “downline” and for everything they sell, you get a little piece. The more people you have “under” you, the greater your income potential as long as your downline is active.
Another common home based business is, as mentioned above, affiliate marketing. Most of the larger online stores and websites offer an entry into their affiliate program. What this means is you will be promoting any product anywhere on the site. You get to choose which products you offer. Example: Amazon.com has over 55,000 items available across diverse categories. You couldn’t offer all of those items yourself, so you pick a couple of categories and key in on them. The difference here from MLM is that you don’t receive the free web page. You will be responsible to send ads, promote and advertise on your own. The host site will give you access to sales materials and editable HTML graphics, but the advertising is up to you.
If these don’t float your boat, then there are other options. I like options, don’t you? EBay now offers their registered clientele the opportunity to open a storefront stocked with products that you cherry pick from a categorized list. For a fee, you get the storefront and a back office to manage it. Now you just pick some items and place them on your store page. Sell a product, receive a commission. Simple and easy to manage as well. Did you notice something there? You can sell a product that you never actually buy yourself! This means no inventory to worry about, no overhead and no separate warehouse to maintain. All you do is move product.
Alternatively, you could market your own product or service: perhaps a janitorial service or lawn service. Maybe you know a lot about music. Sell lessons online or offer private in home lessons.
Really the only thing that holds you back is your creativity. The sky is the limit, so reach for it!
Posted: February 24th, 2008 under Affiliate Programs.
Comments: none