Outside of the personal growth and commitment that you will need in order to become a successful entrepreneur the most important decisions for you to make are choosing the right business opportunity (products, systems, compensation) and mentor.
The Products
You need to be able to believe in the products that you are selling.
If you personally don’t use or don’t get any benefit from the products that you represent. Do you think other people are going to be convinced that they need them if you don’t?
Think of it this way. Say you were considering joining a gym. You saw an ad that said that a local gym would give a free consultation with a personal trainer to anyone considering joining. Would you join that gym if the personal trainer was overweight? No. Obviously they don’t believe in or benefit from what they are selling.
People will be able to tell INSTANTLY if you have conviction in what you represent.
Systems, Support and Training
Why is McDonalds so successful?
It doesn’t have the best food and it doesn’t have the best dining experience.
What it gives you is a consistent experience every time you go. If you buy a McDonalds franchise, you get PROVEN SYSTEMS. Systems that work and are easy enough for high school students to follow.
A good business opportunity should have an easy system for you to plug into.
Alongside this you need to make sure that you will have the support and training that you require to plug into these systems. You don’t want to give your money to someone, buy into an opportunityand then find yourself alone and wondering what to do next.
Compensation Plan
You’ve decided that you want to make a significant change to your lifestyle.
Do you really think that it is going to be easy to get that selling potato peelers at $5 each and making $3 profit?
Some opportunities will make you purchase the product and then make you pass up the profits from your first few sales. If you’ve made the commitment, own the products, do all the hard work, spend the money on marketing and advertising, shouldn’t you get the profits too?
What about residual income? Does the opportunity have a plan in place that you can stop selling the base product at some point and “retire” with a residual income? How long will it take you to get there?
Mentor
This needs to be someone you can trust and who you believe can teach you the things you need to learn and support you in your quest for a new life.
The person who signs you into a business will be your primary contact for any help you need. Interestingly enough, this does not need to be the top earner in the company or the one who’s been around the longest.
Do you think the person who has 100-1000 people under them will have more or less time for YOU than the associate who signed up a few months ago and has just been through what you have? In most opportunities you will have access to the team and upline anyway. So don’t judge a person by their dowline.
The time someone has spent in a business is not as important as your connection to them, after all they are going to be your business partner and you need to feel comfortable contacting them and being able to ask them questions.
Use these 4 guidelines when looking into any business opportunity.
If you can tick all the boxes then the odds are that you have found the right opportunity for you. If you start getting too many crosses, can’t seem to find the answers, or your gut is telling you it just doesn’t feel right, it’s probably time to move onto the next one.
Now that we have some guidelines for choosing a home business opportunity. We need to get out there and start looking. Before you do though I’d like you read a handy hint that might make your lives easier in the future.
