How to Choose an Online Business Opportunity Part 1

by Simon on September 4, 2009

Before you take the plunge and get yourself online to start marketing to the biggest marketplace the world has ever seen there are a few things that you should know and a couple of things you want to check out .

Here’s what we found when my wife started looking around for just such a business.

Take into account your lifestyle…

For a start there are many different systems out there and there is an absolute mountain of information for you to sift through on the way to finding the system that best fits your lifestyle and your experience levels. And let me be very clear here, those are two things which need to be foremost in your mind so that you dont end up trying to shift your life around to fit something that is perhaps totally foreign to you. It is important to have something fit where you are at in life rather than trying to become something you’re not.

As an example of whats out there lets take a quick look at the idea of joining a Network Marketing system or MLM.And having been in an MLM system a few years ago my wife and I feel we have enough background knowledge to make an educated comment.

What are your chances of success…

Even in a very well known system the statistics of failure is incredibly high. In fact I read that 97% of people who get into even a well run and well trained MLM system, just cant get any traction when it comes to building a downline. Now why is that. ?? Have MLM’s not kept up with the times and have their training methods stagnated?? Do people go in blindly expecting their downlines to materialise out of thin air..?? Food for thought isnt it…

Having said that there are still 3% who make a very good income from it, so its all possible. And I think its the dream of the 3% that keeps bringing people to get involved.

So what do you look for first…

Here’s where we were at. Im a Business Coach, and the idea that I am used to is running a business by the numbers. So for me a systemised approach is the best approach. You have known parameters which you use to test and measure your success. So my wife adopted some of my philosphies when she started looking. It was suddenly a case of information overload. There is so much “stuff” out there and its all saying “Im the best,… Im the best” How do you suppose you are going to actually figure out which one is the best.?

Here’s what my wife Charmian said about how she got started and the challenges she faced. Maybe you can relate..??

If your interested in taking a quick look at the Business that Charmian started then take a look at this Online Business.

Something else that has proved really valuable for Charmian was the training that she did under the tutalage of Mike Dillard. It gave her a complete in depth look at exactly what it takes to have a successfull online business. I also like his information because it resonates with how I coach my “bricks and mortar” clients.

We talk some more about the systems behind a good online business in part 2.

See you there..

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