The nation's economic forecast has been gloomy. Stocks are down, lay-offs are up, and consumer confidence is at its lowest point in years.
It's a great time to start a home business.
If job worries are getting you down, a business on side can serve as insurance against a bumpy economic ride. And low overhead of launching your business from home means that you can do it even if you're short on cash.
If you're also short on ideas, here are a few:
We're not talking about pyramid schemes where all you sell is an opportunity. You can find dozens of reputable companies with quality product lines which follow a multi-level compensation model. These are especially appealing to home-based entrepreneurs because (a) they require very little upfront investment, (b) their offerings are known and trusted and (c) placing an order will not break bank... so it's possible to find eager customers, even if you are new to sales.
Of course, making big money in MLM comes from commissions you make off sales of your 'downline' - people you recruit and people they recruit. Again, your timing for trying this out could not be better: The same job and money insecurities that are inspiring you to look for a little income insurance are driving others to do same. This is a good economy for building a downline.
You do need to investigate any opportunity before you sign. Start your research at NOBOSS < http://www.noboss.com > which offers extremely detailed descriptions of over 100 different low-cost businesses you can start at home.
Here are some things to keep in mind:
(1) Is this a product you would use yourself and recommend to others? If you're not familiar with their offerings, buy some for yourself and use them. If you're not wild about product, you won't have an easy time selling it. Keep on looking.
(2) Large commissions are great, but big ticket items don't sell well in this kind of nervous economy. You may do better to choose a low-cost line that will appeal to a wider audience and plan to earn your commissions on volume.
(3) While it is customary to charge a new rep a start-up fee (those sales kits do cost something to produce and often contain samples of a company's best products), be wary of any MLM company that requires a huge investment or that you keep a lot of inventory on hand. On other hand, an opportunity that costs nothing to get into may not offer much support -- or may not even have an actual product to sell!