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9 Poiters for Evaluating a Business Proposal
Finding a business opportunity on the net is easy. But evaluating the right one for you, takes a little knowledge. With so many scams, takers and failed ventures you need a little more than the, "highest dollar for the least amount of work" approach. So what should you look for when evaluating an opportunity Here are 9 pointers.
1. Is it legal
Do they have a product Many programs on the net are simply "money movers" with no real products. If this is the case then its probably illegal simple as that. If you are serious about developing an online reputation for quality and reliability, then dont even entertain the idea of quick easy money. It will catch up with you!
Do they know and follow the law concerning matters such as CAN SPAM and other website legalities There is no excuse for ignorance on the net! Do your home work and check out:
Do a search on the names of the owners and founders of the products.
2. Does their product have value and advantage
Is the product something that people want with the potential for repeat sales giving value for money at a competitive price Do your homework. Search the net for equivalent products and do a price comparison. Does it offer a marketing advantage of some kind What are the selling benefits of the product over their competitors If they dont have a marketing advantage why would anyone buy their products
3. Is it residual
The best opportunities are the ones that have a growing industry and ideally repeat sales. Make sure if you are marketing a product that you get the benefit of the repeat sales. This is called residual income. If you are expected to find customers but only get the benefit of the first sale, this is unethical and unfair. It is a good idea to evaluate what % is paid back in commissions for the cost of the product or service. All good opportunities pay back an absolute minimum of 20%. Decide you are worth at least that much to them.
4. How long will it pay
The world is a fast changing place. The cyberworld is even faster! Ask yourself where will the product be in 12 months, 2, and 5 years down the track This is particularly important for digital and information products. Ask yourself the same about the company. Are they around for a quick buck or do they have a plan to establish long term commerce Will they develop or keep up with new technologies to maintain a competitive edge If this information is not readily available on their website, ask them. If they are not planners then they will not survive
5. How long will it take
Take a long hard look at their compensation plan and compare it to your own goals. Is it cost effective on an hourly basis for the final outcome. You may have to make a decision by balancing time for outcome. You may consider it worthwhile putting in 20 hours work over and above a regular 40 hour job for a small return initially, if the final outcome is say 10 hours per week total for a 5 fold income. Of course you will have to decide first of all exactly how much time you are willing to work on the proposal then ask yourself is their program sufficiently automated to be worth your while
6. Do they want your success as much as their own
What is their commitment to you in terms of training and support If they are not willing to train and support you for your success, are you willing to carry the responsibility of training yourself and dealing with product problems In my opinion you must have online support and training for whatever you need to do for the mutual success of both you and the company. This can be in the form of email support, forums and a FAQ frequently asked questions page on their website.
7. What are the hidden costs
Ask yourself, "What do I need over and above their proposal in order to achieve my goals", then factor this in to your decision making process. In this you should include things like further study, tools, web hosting expenses, stationary, travel expenses, accommodation etc. It is also important with some businesses to find out if you have a minimum purchase requirement, frequency of compensation and the time period between sales and commission. All these will affect your cash flow. You should then work out exactly what it takes to firstly break even, then become profitable and finally achieve your goals.
8. Is their a lead generation system
What assistance is given for approaching potential customers through to closing the deal This is often non existent with you left to do it all. The best opportunities are fully automated for efficiency but flexible enough to have the essential personal touch. It can be hard work sifting through the opportunities to find your "Ticket2Success".
9. Do they have a money back guarantee
Whether the product is digital or hardware people will expect a guarantee. Are you able to return and refund products quickly and easily with out problem Is it clear who handles the finances and complaints in the event of an unhappy customer You dont want to be left with egg on your face after creating a good online reputation!
In Search of Webhosting: First Understand the Industry
In search of a webhosting company for personal or small business purposes We advise you to take a look at this article to understand the hosting industry and study its dynamics to know what to look for before you make your choice.
Avoid, Shun, Thwart, Prevent, and then Filter Spam
Email is rapidly becoming the standard means of communication among businesses, associates, and even friends. While many people have now been using the internet and email for years, there are thousands of new users on the internet each day. With inexpensive web hosting, free email services, and the blog burst upon us, getting your own slice of the internet pie has never been easier.
What makes a good Web Hosting Provider!
When building your website and getting it hosted online, you want your site to be up and running on the World Wide Web 24/7 without any hitches so that it is making you money all the time and all you have to worry about then is getting visitors to your site, doing seo, getting repeat visitors, maximizing your sites revenue, etc. You don’t want to have to worry about your web hosting and it’s stability.
Choosing the Right Web Designer
Internet, Jeff Buckley music, websites, epiphanies, following your dreams…everything’s connected in the Universe.
Internet, Jeff Buckley music, websites, epiphanies, following your dreams…everything’s connected in the Universe.
How to Find Good Web Hosting
You have decided it is about time you jumped on the web hosting bandwagon. You have a website in mind you would like to create. You have a domain name ready to go. The one and only thing that you are missing is the actual web hosting space. Now there are hundreds of different web hosting companies that will promise you hundreds of different guarantees. How do you know which one is legit and which one is bogus
Thinking About Changing to a New Web Hosting Company 5 Steps to Plan Ahead for the Move
Perhaps your web hosting company has a technical support group that never answers their email, or their control panel is difficult to use. Maybe your website has been having more downtime than uptime. Whatever the reason you are thinking of switching hosts, make sure you have your ducks in a row before making the move.
Web Hosting: Shared or Dedicated - Which Should You Choose
Before you begin your search for a web host you should first determine whether you need shared web hosting or dedicated web hosting.
My Own Online Business AfterA Divorce and Almost Bankruptcy
When I got divorced, I didnt know how I was going to be able to cope with my financial responsibilities which included mortgage, car, my kidss private school plus all the other expenses related to having a family without a husbands salary.
A to Z Guide In Getting Your Free DirecTV Satellite System
What is DirecTV satellite TV
Web page buiding for beginners 1
Making a web page is a simple job that can be done in minutes by anyone with no previous experience, so I will refrain from going in that direction as much as possible. The first thing an inexperienced webmaster should learn is search engine optimization, before ever making a page. The reason for this is simply because if they learn it after the page is made, it will cause them too much extra work that could have been avoided.
Setting your Online Business Up for Success!
"Six Essentials you MUST have in place for your online business"
How to Select a Web Site Host
So, you know how to create HTML files web pages and want to start a website. You have a domain name but dont know where to store the files web host. You find countless web hosting companies offering a wide range of products but you cant make heads or tails of all the features to decide which plan is right for you.
Changing To New Host No More Worries!
Johns online business is expanding. His customers are increasing day by day. However, he feels very frustrated at the moment as he finds his website is down about every 4th day. Whenever he calls up the support team of his web host, he gets the same old answer that his problem will be rectified soon. If the problems do persist it will surely hamper his business. He has been with his present hosting provider for the last year but now he feels he has to find a new web host as soon as possible because his present hosting package is also not able to meet up with his growing demands. This is not a one-off occurrence that has happened only to John, it happens with many people like him. Changing the web host might become a cumbersome task if John and other people like him dont know the correct procedure of doing it. So, lets have a look at the following easy and simple steps:
Cheap Web Hosting, What To Look For And What To Stay Away From
“Bargains for sale, Unlimited Hosting for only a Dollar.”
Ecards as a marketing tool
As any successful businessman will confirm, having a great product or service is just the beginning. After all, in this day and age, everything comes down to marketing. The more creative you are in your marketing efforts, the more successful your business is. There are many ways to promote your business without spending a fortune. In this article I will describe one of the most powerful tools on the Internet – ecards!
The Cost Of A Web Site
Just starting out, you can start with a simple informational site, which is all most need initially, and build up to a fuller site e-commerce and/or interactive when you can afford it.
What Is Web Hosting
Web hosting can easily be described as a computer with information accessible to the general public. Just as your computer has files on it, your hosting account will have files on it…web files. Even though the concept is similar, your hosting account is not a full computer. You buy small or large portions of space on these computers known as “Servers”. So now you know the basics.
7 Essentinal Resources for Small Business
So you want to start a business but you dont have a lot of money Start your business online, and it wont be a problem.
Simple Steps to Project a Professional Home-Business Image
One of the more difficult tasks to deal with when starting a home-based business is to decide how to establish your pathways of communication in such a way that you appear organized and professional, yet don’t have to break the bank to get started.
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