| One of the great things about the
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| | research. Remember to use a logical
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| internet is that things change so
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| | approach when evaluating your options -
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| quickly. This is good as it allows new
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| | the key areas to look at are; the
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| marketers to take advantage of novel
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| | company; the pay plan; the product; the
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| trends and new developments. On the other
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| | level of admin; the sales methods
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| hand of course, if you don't respond
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| | available and the cost - both start up
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| quickly to new market conditions, your
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| | and running. If this is your first
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| business - and income - can be adversely
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| | business then try to start off with an
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| affected. That's why you need to have
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| | opportunity that will provide you with
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| multiple streams of income - so that if
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| | residual income. Concentrate on only one
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| your current top earner disappears off
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| | business at a time. Work this until you
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| Google's radar or one of your many
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| | get it to an acceptable level where it is
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| competitors introduces a new product that
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| | growing without too much time input on
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| wipes the floor with your best offering,
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| | your part. It doesn't need to be making
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| you have other income streams to fall
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| | thousands of dollars every month - it's
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| back on. It's just like buying stocks and
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| | easier to arrange for 5 businesses to
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| shares - you want to have a diverse
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| | return $1000 each than it is to arrange
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| portfolio to avoid any sudden spikes and
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| | that a single business will return $5000
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| glitches in the market. Or put it another
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| | a month (the law of diminishing returns).
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| way - don't put all your eggs in one
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| | When you are achieving consistent growth
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| basket. That's all well and good, but
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| | month on month, pick a business
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| just where are you going to find these
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| | opportunity in a different sector and
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| multiple streams of income? Sometimes it
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| | repeat the process. Then do it again -
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| can be difficult to find even one
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| | and again. Aim for at least 3 and
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| business opportunity that's worth
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| | preferably 5 solid businesses. Try to
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| investing your time, energy and money in.
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| | have at least 40% of your income as
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| The first logical place to look is the
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| | residual income - this is your baseline.
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| market. It's not always easy to get hold
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| | It will probably take at least 6 months,
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| of hard facts and figures when it comes
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| | and possibly more, to get each business
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| to marketing and often, when you do get
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| | to the steady growth phase, but it's well
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| some, they are well out of date. However,
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| | worth the effort. This will provide you
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| the figures below show the UK market
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| | with a diverse income which will be
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| percentages of directly sold goods for
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| | stable and highly unlikely to be severely
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| 2000, a year when the total spend in this
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| | impacted by changes in market conditions.
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| area was $2 billion. These figures are
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| | If an opportunity arises in one
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| sourced from the UK Direct Selling
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| | particular area you can focus on that for
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| Association and make interesting reading.
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| | a period of time in order to maximise
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| SERVICES 32% (telecoms, utilities)
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| | your profits. And if there is a downturn
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| PERSONAL 26% (cosmetics, fragrances,
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| | in an area you can always use the income
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| skincare...) FAMILY 17% (Books, toys,
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| | from the other sectors to weather the
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| games, business aids ...) HOUSEHOLD 14%
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| | storm. And when you eventually have your
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| (Security, water treatment,
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| | multiple income streams online and
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| electrical...) WELLNESS 7% (Nutritional,
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| | they're all working well - always be on
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| diet plans, supplements) FOOD 4% (Frozen
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| | the lookout for any new opportunities to
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| & other) The size of the market may vary,
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| | add to your business portfolio. You can
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| and the relative positions may change -
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| | never have too much of a good thing.
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| but the top five above will probably be
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| | Hamish Hayward
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| able to provide consistently good income
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| | Internet Business Tips ......
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| streams. The obvious omission from the
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| | Discover the key criteria you must
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| above list would be online gaming, which
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| | evaluate when starting your own online or
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| is a relatively new phenomenon. So how do
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| | offline business. Free e-books and
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| you get started? Simple, just pick one of
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| | newsletter packed full of hints and tips.
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| the areas and do some background
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|
