Are you considering starting a home-based business so you can earn an income while staying home with your children? There are many wonderful opportunities and success stories associated with home-based businesses, but there are also many scams and fraudulent schemes out there, as well. Here is a short checklist of what you might want to think about before starting a home-based business.
\"If it sounds too good to be true...\" This might seem obvious, but it is amazing how many really good scam artists are able to enlist intelligent people into schemes that sound too good to pass-up! Be very wary of businesses that promise a lot of income in a short period of time with very little work involved.
Also remember to avoid pyramid type schemes at all costs. Many states have banned these businesses. In the simplest terms, a pyramid scheme is a business based on recruiting other individuals to join the pyramid for a fee. This recruitment is how you get paid, not by actually selling products. You can only recruit a certain number of people, so only a small number of people really make money from the scheme. Most will never see any money from their investment. Stay far away from this type of company.
Avoid pyramid schemes. Pyramid schemes are illegal in most states. Basically, a pyramid scheme consists of people recruiting other people to join the pyramid, usually for a fee. Your \"pay\" is based not on selling a product, but on recruiting others. There are only so many people you can recruit, so these schemes make a very few people some money, but for most people, they never see a cent from a pyramid. Run from this one.
Claims that sound way too good to be based on truth are most likely not. Usually, these companies require you to send money to purchase supplies; you put the given products together, and then mail the finished piece to the business. The company then typically says that you put the product together incorrectly, and you ultimately are not paid. The company is the sole judge of the products quality, so you are unable to recoup any funds that have been lost.
If something sounds too good to be true, it probably is. Normally, you have to send in a fee for supplies, assemble the products, and then return the finished products to the company. However, most of the time you will receive no payment because the product was not assembled correctly. When they get to be the only judge over the quality of assembly, you're completely at their mercy with no recourse.
Many of these businesses are legitimate; this is especially true in the area of Internet Marketing. I myself have taken part in such opportunities with some success. Unfortunately, most internet sites like this are only out there to take money from you. The advertisements are written by very talented copy-writers. These people have been trained to use certain words and graphics to convince you to buy into anything and everything.
One question to ask when considering a home based business is: can the company provide proof of their claims? The ad sounds great, albeit unclear, but the money you will make is fabulous! Read everything, including the fine print, and you will probably find a run of the mill scam. Investigate the company well. You can make money from a home based business, but finding a legitimate one is like finding a needle in a haystack.
About the Author:
To see where I found legitimate, profitable work at home businesses, check out Scott Edward's refreshingly honest legitimate business reviews site.
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