Many home based businesses take a long time to show a return on investment because they rely on building downlines to create a residual income, but most people want to earn money more quickly, so what should you do to build a better home based business
My suggestion is to build a small portfolio of home based business opportunities, with a spread on costs. you need to have a cash cow which will provide you with cash for one off sales together will others that will provide you with residual income.
The next question to consider is what the businesses are going to cost you on a regular basis and what kind of budget you have. Many home based business opportunties are free but you will find it takes a long time to earn any money from them, however for around $10 per month, you can find worthwhile opportunties which can provide up to a 50% return, one I use is Freeffas, which provides me with thousands of leads on a daily basis for my other home based opportunties and get $5 residual income on every sale.
Further up the scale are home based businesses which cost between $25-40 per month, these are harder to sell , so you need to ensure that the business is something which will help or provide good benefits to your customers, good information say on how to earn money online or discounts on items that people purchase on a regular basis.
The top of the scale would be a business with a one time investment of between $1000-4000 now few people have this kind of money hanging around, however once you are getting residual income from your lower cost home based business, its worth considering re-investing in a cash cow where rewards can be substantial.
Having a broad spread of home based business opportunties will held build a secure future, and protect you if for some reason one or more opportunties fail. Because building online takes time and energy, I would recommend working no more than 3-5 businesses at the start and only expand further when these are running themselves.
David Ogden Internet Marketing Mentor
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