Home Business Guide

As more and more people lose their jobs, the allure of starting a home-based business and escaping the work force seems more and more appealing. In reality, there are thousands of people who have made comfortable lifestyles for themselves by leaving the work force and starting home based businesses. So, below, I’m going to outline a quick guide to give you an idea of which type of business is best for you.

First off in our home business guide is Network Marketing or MLM companies. In these opportunities, independent contractors are accepted to join in a pyramid-style structure. These contractors make money by selling products and services and recruiting enrollees underneath them. Typically, a consultant pays an upfront cost to join the business, or opportunity.

Next is Affiliate Marketing. In this business model, an individual offers to advertise a product created as an affiliate. Unlike MLM companies, there is often no way to earn money based on recruiting new consultants. This type of a home business model is best for those who have a large list of email contacts numbering into the thousands whom they can recommend products and services to. Generally, affiliates are awarded 50% commissions based on all sales.

Similar to affiliate marketing is CPA marketing, where the owner of a large email list earns money by simply referring people to opt in on a lead capture page. CPA marketers are paid for each opt in they refer.

Also, some individuals who read this home business guide may find that they would prefer to start their own company based on marketing their own products and services. This is a great option, since home business owners are able to keep all of the money earned on each sale. The downside: building a ‘brand’ and a reputation is difficult when starting out.

Obviously, there are a number of other ways in which an at-home startup can be built, but these are the three easiest models for a new upstart home-based entrepreneur to start out in. All three are legitimate business models, and I have found success in each.