This being the information age, there is a double-edged sword in terms of internet business. Where, on the one hand, you have access to an unlimited supply of legitimate businesses that really do have great products and potential to generate additional income, you have some so-called “business opportunities” that can be disguised as legitimate opportunities. through the power of the internet and are into news scams.
This leads to people looking for a home business potentially getting involved in a business without having the correct information. So how can we avoid this and potentially call a business a scam or pyramid before we know all the facts? This is where you establish a set of criteria for what is a legitimate business and what you want from a business. Here are some steps below that I have created for myself. It is based on several years of trial and error and having been scammed in the past.
The first thing is to ask yourself what a pyramid is and if the potential business fits the bill. I have come across some people who use that word a lot without really knowing what a pyramid is. A pyramid, by definition, is an unsustainable business model that involves exchanging money primarily to enroll other people in the scheme, often without any product or service being delivered. Sometimes it can be tempting and lucrative at first to join a business like cash gifting where money is continually changing hands and you don’t have to struggle with promoting a product or service that people may or may not want to use. Eventually though, what happens with these types of programs is mathematically they just don’t work and when they start to slow down and stop paying, it’s the people who got in last that suffer the most. So if the business you want to join doesn’t have a product or service, then it’s considered a pyramid scheme or scam and by that standard, it’s not an opportunity you shouldn’t get involved with.
The second thing to ask is how much profit are you receiving? With most mlms, you get a certain percentage of the profits because most of it goes to the business, to your upline, and to shipping products. Therefore, it is important to find out how much of the earnings you will receive per sale or referral after the things I mentioned above have been paid for. Once you’ve figured that out, you can decide if your earning potential exceeds the amount you have to invest.
The third thing to ask yourself is, is there training and support available? One of the most important things I’m looking for is a simple system that I can use to promote my business. The business may have great products, a lucrative compensation plan, and backed by a well-known celebrity or guru, but if you don’t have a way to market it and a support team that can help you get ahead in the business, where will you be? able to take advantage of that earning potential and all that the business has to offer. Now, I’m not talking about training or support that does all the work for you, but I strongly believe that training should be something designed so that you can follow in the footsteps of people who have been successful in the business. After You. As a result of copying what others have done, more and more people are making money and further promoting the business. That’s why it’s one of the top questions I ask even before learning more extensive details about the business or product/service.