Home Businesses – Legitimate Or Otherwise

One of the most frequent questions on the business forums these days is “Are any of these Work From Home jobs or Business Opportunities for real, and if so, how can you tell them from the scams?”

The short answer is yes, some of these jobs or business opportunities are for real and are legitimate. Unfortunately, many (if not most) are scams, or at best an opportunity in which very few people will be able to succeed.

How can you tell the difference? Are there some signals that may indicate one from the other? Are there ways to research the potential opportunity? To get the answers to these questions it’s important to differentiate between Work From Home Job, and Work from Home Business Opportunity. Examined closely, most will fall into the “Business Opportunity” category.

A “Job” infers some sort of employee/employer relationship, usually similar to a part time worker. Pay is by the hour or by the amount of work produced. A “Business Opportunity” is just that – a business. Remuneration is in the form of your profit (or loss) or commission, usually from sales of a product or service. A “Business Opportunity” does have some advantage in that you can deduct business expenses from your profits.

Before we go any further let’s examine facts, as they can be determined, about success in these type ventures. Real numbers are hard to come by as many people who start get discouraged, quit and never report any income, but two facts seem to jump out:

  • The average income from a Work At Home Job seems to be between $200. to $300. per month.
  • Over 90% of all persons who enter into a Work from Home Business Opportunity fail, and do not make any profit from their business.

Why? It takes very special type of person to operate their own small business, and working from home is very difficult. Without the structure of the traditional workplace, distractions and interruptions often make it impossible to focus or adhere to any system, and character traits are magnified. What are some of the characteristics of a person who can run their own business or work from home?

  • You must be extremely self disciplined.
  • You must be a master planner/organizer.
  • You must be a self-starter
  • You should be a self confident positive thinker.
  • You must be highly motivated to succeed.

Assuming you meet these qualifications and are confident you can beat the averages noted above, I suggest you do some reading before going further:

1. A series of very good articles can be found at Business.gov (“The Official Business Link to the U.S. Government”). Look under “Resources for Home Based Business” for a lot of excellent information. Also check “Starting an Online Business” for more information.

2. The Federal Trade Commission (ftc.gov), under “Facts for Consumers” has an excellent article entitled “Work-At-Home Schemes” that is a must read. The Federal Trade Commission is also the agency where you should report a business scam if you encounter one.

This knowledge will put you in a much better position to evaluate any Work At Home Job or Business Opportunity. You should also consider making sure you have the answers to the following questions for any position or opportunity you are considering:

  • Exactly what will you have to do? What tasks will you perform?
  • Will you be paid a salary (hourly or piecework), or will your pay be based on commission?
  • When will you get your first paycheck?
  • Who will pay you?
  • Is there an up front cost to you like a registration fee? (Very bad warning sign!)
  • Do you have to purchase equipment, goods, or product to re-sell?
  • Do you have to recruit others to work under you (a “down line”)?
  • If this is Multi-Level-Marketing with “up and down lines”, is there a promise that you will make most of your income from others as you build your down line – as opposed to making most of your income directly from product sales or commissions? (Many such operations are nothing more than Pyramid Schemes with only people at the very top making any money)

And here is a key question to ask yourself – would I like doing this work, could I get excited and turned-on by doing it? The worst mistake you could make in trying a Work From Home Job or Business Opportunity would be to start doing something that you did not enjoy. The lack of structure and distractions involved in working from home make it almost certain you will fail unless you truly enjoy the work. Let me repeat – the work at home opportunity may be perfectly legitimate and on the up and up, but if you don’t enjoy doing the work you are almost certain to fail.

Some of the best places to find work at home jobs? Start with your local newspaper and see of there are any local employers offering this type employment. Ask friends if the place they work has any such arrangements. If it’s a local employer you can be pretty sure it’s on the up and up. Another source is job posting boards on the internet. Some are good, some – well with the information you’ve gained you have an advantage.

There are certain groups or types of work at home jobs which seem to generate the most complaints, and which you should be especially cautious about:

  • Data Entry Jobs – Usually just a sales pitch.
  • Assembly Jobs – You may have to buy assembly kits, and then sell them.
  • Stuffing Envelopes – A company of any size will have this automated. They don’t need you.
  • Processing Claims – Usually requires you to pay for training and job never materializes.
  • Posting Ads – You may get paid only if people sign up.

As for Work At Home Business Opportunities, the best advice I can give is that you should never waste your time (or money) on someone who promises you can make a large amount of money, working only a few hours a week, by following their “Secret System”. The only one who is going to make a lot of money is the person selling you the “Secret System”. Doing business on the internet is hard work, the learning curve is steep, and success comes – if it comes – only after a long period of learning and trial and error. As pointed out at the beginning of this article, over 90% of all people who try to make money on the internet fail and, in fact, lose money (sometimes a great deal of money) rather than making money for their efforts

Any opportunity you are seriously considering should be checked out with the Better Business Bureau, your state’s Attorney General (you can’t believe how many of these companies are being investigated for fraud) and if local, the Chamber of Commerce. If you encounter what you consider to be a scam or fraud, report it to the Federal Trade Commission

In summary, yes there are many legitimate Work From Home Jobs and Business Opportunities, but there are just as many more that are scams or frauds. Do Your homework and remember two old sayings – “Buyer Beware”, and “If it sounds too good to be true, it probably is”.

Learn What Every Investor Should Know – Invest in Farmland

If you are an investor who is looking for a solid investment opportunity, you might want to consider looking into a farmland investment in lands in Canada and Saskatchewan. With the current state of the economy, we are in the early stages of a bull market in terms of investing in farmland and the politically stable environment of Canada and Saskatchewan makes this area the ideal location for an investor to sink his or her money.

Making a Long Term Commitment to Earnings

When it comes to making investments, every investor knows that long term investments provide the best chance for an excellent return. Making a farmland investment is an excellent long term investment plan with a solid history of success. In fact, over the past 15 years, farmland returns have exceeded the returns offered by stocks and bonds. At the same time, investing in farmland is up to 60% less risky than an investment in stocks and bonds.

Reasons to Invest Now

While making a farmland investment has long been an excellent way to make money, there is no better time than today. This is because our world is entering into a period when the demand for crops is at an all time high. This is because we have hit a time when crops are used for food, feed and fuel. As the world population continuous to grow, so does the demand for food and farmland to grow the food. Similarly, countries such as China and India are consuming larger amounts of meat, which means they have a growing demand for feed for their livestock. Of course, the increasing attention being placed on biofuels has also resulted in a greater demand for crops.

With such a high demand for crops, it only stands to reason that the demand for farmland will increase as well. This is where wisely investing in farmland can help an investor enjoy a rather nice return on his or her initial investment.

Investing in Farmland in Canada and Saskatchewan

Although there are many places where an investor may invest in farmland, Canada and Saskatchewan are excellent locations for investing in farmland. This is because Canadian farmland offers all of the following qualities for an investor:

o High quality land
o Good infrastructure
o Some of the lowest per acre prices in the world

By combining high quality with low cost, an investor can get in early with his or her investment and potentially enjoy significant rewards later.

If you think you are ready to invest in farmland in Canada or Saskatchewan, be certain to work with a reputable firm that will help you make the best farmland investment possible. By working closely with a company that specializes in investing in farmland, you will be certain to enjoy fantastic results.

Remember Investing is About Profiting – Tip – Invest Not Restrict

People are always asking me which stock to buy, or which sector is hot right now for them to jump into. Questions like that usually make me laugh a little to myself, because even though investing is in part about what is “hot” (an investment must increase in value to benefit you), it is mainly value in relation to what people are paying for something now versus what they might pay for it later.

For the most part I put people on a safe path towards a desired yearly return with an acceptable risk level based on their comfort level and financial goals. However, I am constantly reminding people that investing is about profiting, so why are they limiting themselves to just one market.

Everyone knows something: a hobby, a trade, a skill, a way of life. However, not many people have the confidence to pursue this type of investment. Alternative as it might be, sometimes the best investment for people is not the stock market, but in a carefully laid out investment in themselves.

It’s no secret that one of the most profitable investments is starting a business. There’s an old saying “Those with wealth invest, those with knowledge create.” People usually find themselves on either end of the spectrum, some even in the middle. The point is, why are you not investing in one of the best vehicles for your dollar?

The sad fact is that most people either do not have the drive to motivate themselves to start a business or lack the knowledge in the field of business they wish to enter. True, starting a business can be a daunting task, capable of sucking away most of your time. Estimates range that a new business owner’s weekly workload can average around 50-70hrs, leaving little time for social events or anything else that is not properly time managed correctly. This leads to the fact that 80% of new businesses fail within their first year of operation.

If 80% of new businesses fail in their first year, then why is it a good investment? Simple, one net worth can grow tax deferred (or tax free in some cases) a multiple of times within a very short period of time. It’s like picking a stock at $1, and having it go to $20, but you’re in control of how high it can go. Most businesses fail due to poor planning, time constraints, or even a business owner trying to tackle everything on their own and not having enough time to effectively handle even one part of their business correctly. Stress, financial strain, legal matters, taxes, employees, are among other things that can bog down a business in the beginning.

With most investments, more reward means more risk, but with a business, the risk is usually limited because you control it. You decide each move, each play, and as such control the outcome of your investment return; the trade off is that you must make each decision not someone else. With a business, you are trading the ability to make more by correctly leveraging off of yourself and other people (employees), versus making a limited or lesser amount by “correctly” selecting the best company to “invest” in. Too often people have gotten burned in the market because even though they did the correct due diligence on a company and found a sound investment, the market “reacted” differently than what made fundamental sense. The end result is a loss when you should have had a win. With a business, you decide, because the health (net worth) of your business is directly related to the fundamental factors affecting it, not by the rapid selling of trust funds, or liquidating board’s members with enormous option packages to cash in.

Just remember that if done correctly, starting a new business can become a well oiled-machine. Providing a continual net worth increase and making your every dream become a reality, being only limited by our drive and imagination. The wealth that can be ascertained with a business is comparable by few other investments making it a worthwhile venture to consider.