It is difficult to know what type of top start up businesses to start from home, so where does someone go next?
The start-up business is hard. You are the first, you are before the rest, meaning you are a leader. There is always a trust issue when joining a startup, but let’s be frank, joining any new business is a leap of faith. For those who have been in the industry a while, we see the risks, assess whether the risks are worth taking and take a chance.
What if I am new to the start up and network marketing industry?
If you are new to running your own business online or at home it is vital to do your due diligence.
- Think about what you are interested in doing before you even start looking for hot new business ideas.
- Always find something you are passionate about
- Find a niche
- Become a specialist
- Do not invest a massive amount of money until you have enough experience to do so
Who is Steve Jackson?
My name is Steve Jackson and I have been running home based businesses for many years and enjoyed the success hard work brings. The reason I love this industry is because it ticks all the boxes for me and allows me to live and work anywhere in the world via my laptop.
In my earlier adventures into the home based arena I made mistakes that I would prefer others did not follow. I would argue that my main mistake was paying large amounts of money on businesses that either went flat or did not bring in enough to cover my investment.
My main realization was when I understood that investing money was less important than investing in me. This meant learning how to make money online rather than throwing money at a business and hoping it worked. The second realization was when I saw the benefits of starting a low cost business such as many direct sales businesses or network marketing businesses. Yes, I got a lot of strange looks in the early days, but the key to success is easier than you would think. And the key is to treat a network marketing business like a business.
New home business ideas with low startup costs
The first stage in finding top start up businesses in the MLM industry is research. Even though it is possible to find a home business for as little as 30$ and maybe a bit more with some products there is no point in wasting money on a business that does not fit you or your lifestyle or beliefs. Any financial investment should be seriously considered before jumping in and purchasing an expensive product package. So, questions should be asked on what you will receive for your investment. Logically, the more you invest the more you should expect, but generally even the most affordable business packages will offer support, training, a webshop and a back office as the norm.
During my recent research I found a company offering a complete business package for a annual fee of as little as little as $35 that included everything below:
- E-commerce website for social selling
- Replicated website for Member enrollments
- Marketing collateral and training
- Access to sales and commission reports
- Member and Customer service support
Are there any low cost business ideas with high profits?
If you are new to network marketing you are probably a bit concerned and even confused how people make money. Yes, it is about selling products, but we are not really salesmen and women. As you may have already guessed we are marketers and so we are marketing products using various methods such as social media, online and relationship marketing.
But, can someone new make money for network marketing?
Yes, of course, people can make a very good living from even investing in a startup. However, as I have mentioned before, you need to be willing to run your home business as a business. Also, the individual needs to seriously understand that an investment must be made. It may not be a large monetary investment, but time must be. In my experience, the best business to start with little money ends up being the ones that are most profitable. The main reason is that the most profitable small businesses to start have no loans to repay or refinancing your homes. Starting from an advantage point of owing nothing is a great place to start.
A word from a professional network marketer
The long term network marketer understands the risks of starting even some of the top start up businesses. We also understand that reducing any risk as far as possible is the only way to stop any additional costs.
How does someone reduce the risk in starting a new business?
Here are some aspect of a start up business you should expect before deciding to join:
- Affordable products that work
- Low cost shipping for any order amount
- Fast impacting products
- Hybrid business model using traditional as well as online marketing methods
- Very generous Member Rewards Plan
- Low monthly qualification for bonuses
- A stable company
- How long has the company been going?
- Is it a private company?
- What type of management team is there?
A good benchmark for any home business is one that has been going for over five years. Any less can be a big risk and a lot of time and money wasted if it goes up.
Of course many network marketing professionals often jump in at the start. However they do fully understand the risks and often fail.
The best business ideas to start from home for the newbie
Over the years friends and family members have watched my businesses grow and asked me to get involved. I personally do not like working with my social circle, because those relationships are important to me and so I do not want them strained.
My advice to them is the same advice I am going to give my readers and that is that joining an established network marketing company is the best option. If the business has a track record after five years you will be in the right place to ride the growth curve. In many cases the growth curve in a good business may continue for over 20 years.
Another aspect to consider is what type of product or service the company is offering and will it sustain for the long term. So, avoid the cheesy trends and look at products and services that customers will still want to buy ten years time.
In addition, would the average person purchase this product or service even if it was at the higher price range. If you can answer YES you should strongly consider that company.
To sustain a successful home business needs training
I would love to tell you all that everyone is successful, but I would be lying. Most will sell a small amount of products and maybe recruit one or two people in their downline.
Why such a high failure rate?
There are many reasons including:
- Simply not bothering to start
- Finding that there is more work involved that they thought
- Life end up getting in the way
However, these are just reasons for procrastination. Those who do get started and still fail often ignore two important keys to success.
- Treating the home business like a business
- Not wanting to attend or do any form of education or training.
Those who agree to having a business mindset and educating themselves have a very high success rate.
Educational resource:
One of the best resources for the network marketing newbie is by Steven Jackson called “Beginners guide to online prospecting in network marketing”.
The eBook takes baby steps making it a must have manual for anyone new to the network marketing industry. For more details, click on the “Download Now” button below.
Final words about top start up businesses
So, what have we learnt?
The top start up businesses offer a great product line that will still interest the customer in the future. However, to become successful, commitment to training is vital.
One point that many of my colleges forget to mention that:
WORK IS REQUIRE!
If someone wants to become successful in any business including an home based one.
This means that you really need to know where you are planning to go with your business.
So, success will need you to:
- Take action
- Set goals
- Make a plan
- Work on your plan everyday
- Until you have succeeded
If you see yourself in this article and you want to look at business ideas to start from home, click on the “Learn More” button below for more information.