Many people end up joining a Home Based Business, or Work at Home Opportunity to make a lot of money, to be come RICH!The people “pitching” sharing about their businesses, ALSO talk about GETTING Rich, or even better, GETTING RICH FAST with out the hard work!How possible is this?With the above definitions, it is SIMPLE! In the grand scheme of things, EVERYONE in America is RICH! We have clean drinking water, government and private organizations that provide food and shelter, so having food and water is not a big problem. It IS in other parts of the world!Having a goal of being rich, is useless if you do not clearly define “rich!” The next time someone is trying to convince you to join a business because you will get rich, ask them how rich? Better yet, how much income?Before accepting a job, don’t you think about how much you will make (either per hour, or per year), and then figure your house hold living expenses, and see how much you have left over?And with any Home Based Business, or Work at Home Opportunity, what are the expenses? These are some of the BASIC questions you should consider BEFORE joining/starting any business, buying a franchise, investing opportunity…Let’s look at the numbers with a typical Home Based Business/Work at Home Opportunity:Expenses:
One Time Expense for Business:
- $500 – Joining Home Based Business/Work at Home Opportunity
- $100 – Main Product/Demo Kit for Business
- Total = $600 One Time ExpenseOn Going Expenses of Business:
- $30/Month – Back Office = $360/Year
- $30-$150/Month – Business Product/Service = $360-$1800/Year
- $100 – Annual Business Renewal
- $150/Year – Annual Training Convention
- $500/Year – Travel Expenses for going to Annual Training Convention (Hotel, Airplane Tickets, Food)Total = $1470 to $2910 Per YearIncome/Gross Profit:
One Time/Per Action
* $100 / per new member you introduce and train
- FAST Start BONUS: $1000 for 5 people in 1 month.
* 1% to 15% of your Down line Autoship sales NOTE EXCEPTIONS BELOW!
- 0% until you have personally trained 3-100 people
- 1% until your Down line hits $10,000/Month Autoship
- 2% until your Down line hits $20,000/Month Autoship
- 15% once you are a Triple Crown Double Ruby Executive Super Duper Space Leader!Many people do NOT talk about all these expenses up front, as they DO add up!And typically the way the system is set, there is PLENTY of income to be made, but it is work, not exactly what you call Get Rich Quick!People may talk about the big income numbers, but not all the details to get there.Whatever sort of business you join, of if you are planning on starting your own business and or franchise, you have GOT to do an analysis like this! And this is a VERY BASIC analysis! If these numbers do not look good, there is no point in going further!If the numbers seem good, our next article will be how to actually design your income!