Home Based Business Opportunities Review
More Home Based Business Ideas
Home Based Business Opportunities Review - It can be defined like this: An idea, product, system, or service that someone has developed and offers to sell to others to help them start their own businesses.
Home Based Business Opportunities Review If the ready-made company you're thinking of buying into isn't a franchise and isn't direct selling, chances are it's a business opportunity. Although Home Business Franchise and Direct Sales Opportunities have well-defined, unique structures, business opportunities come in all flavors, shapes, and sizes. In general, however, a business opportunity can be defined like this:
An idea, product, system, or service that someone has developed and offers to sell to others to help them start their own, similar businesses.
Business opportunities can take most any form, but they all fall into one or more of the following eight categories:
Broker: A broker is someone who buys or sells products or services for a parent company, often acting as an agent. common examples include Real Estate Broker Jobs and insurance brokers. Although brokers are independent contractors, they are generally paid commissions by the parent company for their efforts.
Dealer: Dealers represent lines of products, which are purchased from a parent company and sold directly to consumers. An example of this is someone who sells windows or wooden doors that are produced by several different companies to local home builders and uses his or her home as a base of operations.
Distributor: Distributors buy products from wholesalers(and sometimes from manufacturers) and resell them to direct-sales organizations, brokers, and dealers. Distributors general don't sell directly to consumers or end users. Home Based Business Opportunities Review
Licensee: Licensees buy the right to sell, market, produce, or use established product brand names, technologies, or systems. A bit like a franchise, licensees have much greater freedom to run their businesses as they see fit.
Mail-order Business: Mail-order businesses take orders for products(and, in rare cases, services) over the phone, or via e-mail or the Internet, and send those products to end users. In some cases, mail-order businesses can have products shipped directly (sometimes called drop shipped or Drop Shipping Opportunity) from their manufacturers, removing the need to maintain a product inventory and dramatically improving cash flow.
Vendor: Vendors sell materials and supplies to other companies for their own consumption(for example, office supplies), for use in their own production processes(for example, titanium ingots), or for resale to consumers or other companies.
Manufacturer: Manufacturers build and produce products that are eventually sold to consumers. Manufacturers can sell directly to consumers in a variety of ways(direct sales,mail order,or the Internet) or to brokers, dealers, wholesalers, and others.
Wholesaler: Wholesalers buy products directly from manufacturers, mark up the price, and sell them to retailers-the people who deal directly with the end consumer. In most cases, wholesalers don't sell directly to the public.
Home Based Business Opportunities Review
Pros and Cons
For many people, business opportunities are exactly the right choice for a home-based business. Is a business opportunity the right for you? Take a look at the pros and cons of business opportunities, and decide for yourself. The following are some of the things that make business opportunities attractive propositions:
Home Based Business Opportunities Review
- Business opportunities are not as strictly managed by parent companies as are franchises or network marketing businesses. This provides the owner with substantial independence and freedom to run the business as he or she sees fit.
- Many business opportunities offer good, steady income. The upside may not be as dazzling as some network marketing opportunities, but the chances of your succeeding on a full-time basis are much greater.
- Many business opportunities are suitable as home-based businesses.
- Startup costs are generally far less than most franchising opportunities.
- You can work whatever hours as you like. Part time, full time - all kinds of work arrangements abound in business opportunities. Many pursue a Affordable Home Based Business Opportunities with a full-time job.
Of course, business opportunities also have their potential problems. Here are some things to consider before you sign on the dotted line:
- The independence of most business opportunities can be a disadvantage if you don't already have some experience in sales or running your own business. Few business opportunities provide the level of support that good franchises or direct sales opportunities do.
- There's little regulation of business opportunities by the federal government, and state and local regulations vary. Beware Of Work At Home scams! There are plenty. If it sounds too good to be true (getting rich stuffing envelopes, clicking Web sites), it probably is.
- Most owners of legitimate business opportunities work far harder than they ever did in a regular 9-to-5 job. chances are, you will, too.
- There is always a possibility that your business will fall. Be sure to have the financial resources available(in other words, sufficient savings in the bank) to weather a serious business setback or misfortune.
As in any other business, thoroughly explore all your options before you invest your hard-earned money in a particular business opportunity. Most business opportunities require little in the way of an up-front payment - so even if things don't work out how you planned, you can change course and give a different one a try. For more on different kinds of home-based businesses, many of which may be right for you, pick up Paul and Sarah's book Home Businesses You Can Buy(co-authored by Walter Zooi).
Home Based Business Opportunities Review
Related Links on Home Based
Business Opportunities
Home Based Business Opportunities Review Resource: Home-Based Business For Dummies
- Authors:
Paul Edwards and Sarah Edwards
