Finding a proven work from home business opportunity by ericwelke

Articles from EricWelke.com Finding a proven work from home business opportunity by Eric Welke

Everyone has to start somewhere when they’re looking for something. The same is true when you’re looking for a work from home business opportunity. The hard part about it is not finding one, since there are tons of offers online, but its finding out what is actually legitimate and worth your time. The legitimacy of an offer should be the first item you check out. A work from home business opportunity automatically has risks connected to it. Adding in an issue with legality guarantees it will end up as a very costly dead end. Always check the following diligently before you invest your time and resources: - Contact information - BBB listing if any - History of the Company or the Owner - Feedback online - Reliability of Customer Support You should get worried if you’re not getting enough valid info on the particular online business you’re interested in. Finding out if a business opportunity is worth investing in takes more effort. There are a lot more factors to consider and research can’t answer all the questions. This is where time and experience needs to come in. You have to look at the time frame

of the business, how much youâ&#x20AC;&#x2122;re going to invest, who youâ&#x20AC;&#x2122;re going to sell to, and a host of other concerns. Checking the legitimacy of a business opportunity is pretty straightforward, forecasting how much a business will earn, not so much. So what do we need to check determine if a work from home business opportunity has the potential to thrive? Competency -

Am I capable of running this business if I choose to do it?

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Do I have the critical skills and required resources to make it work?

Motivation -

Do I want to earn money or build a business?

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Am I in for the long run or just for s spell?

Product Demand -

Is what Iâ&#x20AC;&#x2122;m offering of value to my customers?

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Will they want to come back for more?

Market -

Who are my customers?

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Will I be able to communicate with them credibly and effectively?

Differentiation If competition is present, is it possible for me to differentiate myself from them? -

Can I fill in the shortcomings of my competitors?

Capitalization Do I have the funds to start the business and support it until it becomes profitable? -

Can I get more funds if needed, through a loan or an investor?

Location -

Will my location be conducive to the success of my business?

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If you plan to work from home, do you have enough space to accommodate

your operations? Hiring -

Do I need to hire employees in running the business?

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What tasks should I delegate?

The factors that affect your business are unique. Even if you and someone else go into the same type of business, each of your experiences and challenges will be unique. Your own effort and capabilities makes up the other half of the formula for work from home business success.