So you are in the market looking for a business opportunity. There are so many that you can choose from and they will all make you rich. At least that is what they say. So what opportunity is the best for you? Well I look at three basic categories that you can select from and you can choose which one is best for your situation. These categories are affiliate marketing, network marketing, and franchises.
Each category has its own unique advantages and disadvantages but each offers a unique business opportunity and should not be overlooked. With the economy in the present condition each offers a solution to your business analysis. Assuming your problem is that you want more money.
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Affiliate marketing is a relatively an old business opportunity that has taken on a new life since the internet has entered our lives. With the internet’s prominence almost every company, book, product or service is being marketed on the internet. Affiliate marketing is a system where a person will earn a commission every time a website visitor clicks on an ad for an advertiser. The business opportunity is for you to be able to place your ads selling a clients product or service on various websites to earn a commission.
Another great business opportunity is network marketing. There are hundreds of network marketing opportunities for you to choose from but I would recommend that you select a company that is a member of the Direct Sellers Association. This organization has strict requirements for all its members and only a few companies are approved to be members.
If you are considering a network marketing business opportunity I would also look into companies that sell services and not products. Most product based programs require the sale of a certain amount of product each month. What can happen is that the salesperson ends up with a garage full of the product with nobody to buy it from them.
Franchises are an excellent way to start your own business. In most cases, they are already established name brands and they have a following. The price for entry is normally high but you are paying for the known brand name and the training. Most franchises will train the franchisee to do business their way. In fact this is a requirement. The franchise agreement normally will not allow much creativity or flexibility when it comes to how their image is portrayed. This is a good option for people that are looking for a known product and a proven system.
Out of all these business opportunity options you must decide how much money you have to spend to start your new business. Affiliate marketing is easy to get into but what I have found is that a business person can spend thousands of dollars with SEO, website design, and training so that their ads are found on the internet. Network marketing has a low cost of entry, typically $200 – $500 and immediately comes with a support team. A franchise business can cost anywhere from $5,000 to $500,000 or more depending upon the quality of the franchise but you will have a recognized name some training.
If you are just starting a business for the first time it is my belief that the right network marketing business can give you an MBA in marketing. For a low price, you will learn if you have what it takes to be a business success.