Home Based Business Solutions

The economic climate has forced people to consider additional sources of income.

The purpose of this Blog is to educate people who are looking to start a business from home to supplement and/or replace their income due to one or more of the following reasons:
• Cost of living
• High unemployment/loss of one or more household incomes
• Downsizing/Off-shoring
• Pay reductions
• Increased cost of medical benefits
• Loss of retirement benefits/Loss of IRA and 401K values
• Rising cost of college education for children
• Foreclosures/Short-sales
• Excessive credit card debt

I’m going to share my fifteen years of experience in Home Based Business with you. I hope that you find this information helpful in making the best choices for you and your family.

Here are the topics I will be covering over the next weeks and months:

What is a Home Based Business?
Advantages of a Home Based Business
Disadvantages of a Home Based Business
Types of Home Based Businesses
Deciding on what type of business to be in
• Conventional
o Services
o Products
o Direct sales
• Non-conventional
o Relationship/Network Marketing

About Network Marketing
• Why we chose Relationship (Network) Marketing
o Low entry/start-up cost
o Low overhead
o Tax advantages
o Duplication
o Set your own schedule
o Give yourself a raise
o Build in your spare time (if you have a job and family)

• Common misconceptions
o Pyramid
o Cult
o MLM

• Marketing plans (types - pros/cons)
o Stair Step
o Binary
o Matrix
o Unilevel
o Hybrid

• Critics on the internet
o Who are they?
o What are they trying to accomplish?

• Resources
o http://www.ibofacts.com/qanda.htm
o http://www.dsa.org
o http://www.directselling411.com

Our experiences
I am going to be very transparent here. I hope to minimize your fears and show you that you can do it too.
• Why and how we got started
• How much time does it take?
• Our Challenges
• Our victories
• Our mistakes
• Why some people quit
o Other Business Opportunities
o Unrealistic Expectations
o Lack of Confidence/Belief
o Lack of Effort
• Why we didn’t quit
• Where we’re headed