Home Based Business Leads – How To Get What You’re Looking For

Are you looking for home based business leads, but don’t know where to look or for what you should be looking? In this article, I will outline the different types of home based business leads, tell you what you need to pay attention to, and how to decipher between the different leads to know which ones you should (and shouldn’t) buy.

When it comes to home based business leads, there are a whole slew of options out there in the marketplace. While I am not a big fan of using these as your main source of list-building, income-generating leads, I am a fan of using purchased leads to build your phone skill set (so that you can dramatically increase your percentage of closes).

With so many different types of home based business leads available, how do you know which ones will best work for you? Well, the first thing you need to be able to do is to understand the “math” associated with these leads as it pertains to your business.

You need to figure out what the average value is of each distributor who comes on board into your business. Let me give you an example to show you how to come up with that number. Let’s assume that you receive $100.00 in commission when someone new joins your business, then you receive $20.00 per month for every month thereafter that this person stays on autoship. So if a person stayed on the book for five months, the average lifetime value would be $200.00 ($100.00 + ($20.00 x 5 months)).

So using the above example, let’s assume the average lifetime value of each prospect in your business is $200.00. Well then if you were to spend $5.00 per lead, then you would need to close 1 in 40 of those leads to just break even. This is not a very likely scenario unless you are a seasoned veteran.

Sticking with that same example, how much would it be reasonable for you to spend on leads? You would probably not want to spend much more than about $1.00 per lead. Spending that much per lead in this scenario would mean that you would need to close 1 out of every 200 leads to break even. This is a MUCH more reasonable scenario, even for someone who is just getting started in their business and is still working on getting “smooth” with prospects.

With all of that said, to get home based business leads at that price, you’re probably looking at opportunity seeker leads that have aged at least a week or so. That’s okay. Start off with those. As your skill set improves — and you’re creating a marketing funnel where you’re walking prospects through a system from one step to the next and putting your whole marketing campaign in place — you can start to buy more expensive home based business leads or (better yet) start to generate your own leads.

Generating your own home based business leads is your best long-term strategy. It is advantageous for you do for several reasons, the most important of which is that it gives you total control over your website, data capture page, the traffic going to those pages, the advertising variables and the follow-up emails going out to your list.

Remember that your home based business leads will hopefully ultimately become part of your list — which is the most meaningful and valuable asset your business will ever possess. Done right, your list can lead to millions of dollars in revenue. So how you generate your home based business leads have bigger consequences than just the immediate ones.

Your list is an asset that gives and gives and gives, and if you treat it right you are building and creating relationships no matter where your audience is located. That is why you want to generate your own home based business leads. This is how the top and most productive network marketers are quietly (and under the radar) creating big, wealth-producing organizations that put them at the top of their company leader boards.

In conclusion, purchasing home based business leads is a great way to build your skill set, create a marketing funnel and learn what marketing is all about. From a longer term vision, though, it is paramount that you learn the art and science involved in getting people to reach out to you (become the hunted instead of the hunter). To get a step-by-step blueprint for how to create your own home based business leads, grab my FREE REPORT titled: “How To Create YOUR First 6-Figure Month In Network Marketing” by clicking on the link above.

Direct Sales Is the Best Way to Start a Home Based Business

Between the kids, your spouse, and your other responsibilities you barely have enough time to breathe let alone try to start a home based business. But your family could use the extra income and, even though things can get a little crazy at home, you would rather not get a job. Your only other option is to look at ways you can make money at home with a work at home business of some kind.

The standard advice you’ll get from gurus about how to start a small home based business is to develop a business out of your existing skill set. For example, if you are a certified public accountant, then you would be encouraged to run an accounting business from your kitchen table.

There several problems with this advice. First of all, what if you don’t want to make use of your current skills? What if the whole reason you quit your CPA job was because if you looked at one more ledger sheet you were going to scream? You will not be successful in a home based business you hate.

Second, what if you don’t have any skills that you can draw from? You may be able to do lots of things but what if none of it could make you any money? If you took the advice of the gurus then you would have no business and still stuck at step one.

But even if you could start a home business creating products or offering services for which you are fully skilled, is that really the best way to go?

When you start a home based business, you are essentially beginning from scratch. There are numerous headaches involved with building a business from the ground up. Usually, there is licensing to obtain, product development and storage, customer acquisition, marketing and brand development, and a host of other things that must be done before your business gains the traction it needs to start making you money.

Then there is the capital investment. Depending on the type of business you decide to create, you may have to invest thousands of dollars into your business before you even open your doors. The internet has made starting a home business easier and cheaper but if you don’t have any money, then you are still looking at putting in hundreds of hours of sweat equity.

Lastly, most home based businesses are really work at home jobs in disguise. Since they require you to be actively involved in order to earn any money, your income will be tightly bound to the number of hours you work. This can be further complicated by the fact that you still have a household to run which means you may not have as much time available as you need to earn the income you want.

A better way to start a home based business is to sign up with a direct sales opportunity. Otherwise known as network marketing, a direct sales business cuts out a lot of the challenges you face when trying to start a home based business from scratch. Investing in a direct sales opportunity is smart business because, you’ll have:

* Less Startup Headaches – The company has already invested time and effort in getting the company off the ground. The products are created, marketing materials printed, and licenses purchased. All you have to do is find customers.

* Lower Capital Investment – Instead of thousands of dollars, most direct sales businesses can be started with a hundred dollars or less.

* Multiple Income Opportunities – In addition to selling the product directly, you will also be able to generate income through referrals and other passive income streams that help uncouple your time from your money. You’ll experience more personal freedom to do the things you want to do.

If you are thinking about starting a home based business, don’t do it the hard way. Give yourself a leg up by joining a direct sales opportunity that will have you earning money right out of the gate. For more information on how I built my home based business, contact me. I’ll be more than happy to show you how I’m able to run a full time household and still make money in my business.

How To Discover Your PERFECT Home Based Business – The 1st Of 7 Keys – A Profitable Business

This is the first in a series of seven articles that tell you how to sift through all the home business opportunities you hear about every day, and find the PERFECT home based business for you.

Are you ready to start making some real money in your own home business without working 60 hours per week? Are you ready to stop throwing your money down the “home business opportunity rat hole”?

Read on and I’ll show you how to test every home based business opportunity to make sure it fits the definition of The PERFECT Home Business, before you invest your time and money. Then, focus on the one that fits the best, and make it a success.

Each letter in the word “P.E.R.F.E.C.T.” stands for one of the 7 keys to finding the perfect home based business. Each key is something your home based business opportunity MUST have in order for you to enjoy the financial freedom and lifestyle you want.

What makes an opportunity P.E.R.F.E.C.T.? The “P” in PERFECT stands for “Profitable”. If your business isn’t profitable, why do it? If it isn’t highly profitable, you won’t be able to earn enough to make it worth your time, or you won’t be able to grow your business by reinvesting your profits back into the business.

“Profitable” means:

• High gross profit margin (preferably greater than 65%) and net profits of 20% of sales or better before taxes.

If you sell something for $1.00 and it costs you $.50, your gross profit margin is 50%. That’s about the profit margin most retail stores get. You need to do better than that to survive and thrive in your home business.

All of your other expenses such as advertising, overhead, and so on, have to come out of your gross profit before you have any “net profit”. If you sell something for $1.00 and the costs of your product, including all of your other expenses, add up to $.90, you only have ten cents per dollar in net profit (that’s a 10% net profit).

So, for example, if you want to earn $50,000 per year from home with a 10% net profit, you would have to sell $500,000 worth of your product. Wow, that’s a lot of product. Wouldn’t it be better to only have to sell $250,000 worth of product, or even less, to earn your $50,000 income goal?

That’s why you need a business with at least 20% net profit. And, if you really could sell $500,000 worth of products, wouldn’t it be better to have 20% net profit and earn $100,000 per year on that $500,000 in sales? The PERFECT home based business may even enable you to earn up to 40%-60% or more (sometimes more than 90%) in net profit. Yes, really.

At 90% net profit you would only have to sell $55,556 worth of product to earn your $50,000 income. That’s my kind of home business!

• “Profitable” also means a net profit (your “salary”) before taxes of at least $50,000 per year. And $100,000 or more per year would be more like it (unless your goal is to supplement your income to the tune of $500 to $1,000 per month. But, would you turn down $50,000 per year if you didn’t have to work any harder than you did to earn $10,000 per year?).

Your goals may be different than mine and you may be satisfied with lower profits. But, I believe you need to set your goals high, yet at a reasonable level. Then, even if you fall a little short, you will still be very successful.

• Low overhead (less than 5% of sales). Overhead is all the “fixed expenses” of running your business such as computers, printers, other equipment, furniture, office supplies, and office space rental costs.

A home based business is ideal for keeping overhead low, but you still have to be careful to minimize the space needed, the cost for utilities, and the equipment needed to run your business. Don’t go hog wild buying an expensive desk and file cabinets with your first profits. Instead, reinvest those profits in your business and keep your overhead low. You’ll be glad you did.

• Low labor content for manufacturing, assembly, or shipment of the product(s).

You don’t want to spend all of your time assembling and shipping something you sell. Most of your time should be spent on marketing and growing your sales and profits. The PERFECT home business enables you to sell products that involve little or no labor cost to make them or ship them.

• A high average order. Believe it or not, it takes as much effort to sell a $5.00 product as it does to sell a $50.00 product or a $500.00 product, maybe even more effort. So, the PERFECT home based business offers products with a high perceived value and a price well above $20.00. The exception is when you want to sell a low priced product, or even give something away, just to get customers added to your e-mail list so you can sell them other more expensive items later.

• Low initial investment required (less than $1,000 preferred). I don’t know about you, but business opportunities that require $5,000, or $25,000, or more to start scare me a little, unless the return is well worth the risk. There aren’t too many people that even have that kind of money to invest in a business. Why not find the PERFECT home based business that only requires $1,000 or less to get started, perhaps even a few hundred dollars?

• Small inventory with rapid turnover, or no inventory required. Imagine your garage or basement stacked from floor to ceiling with products waiting for someone to buy them. Yuk! Much better to fill each order as it is received without having any inventory in your home, or at least a very small inventory. The PERFECT home based business will allow you to do that.

• Repeat or backend sales potential. One of the highest marketing costs is the cost of getting a new customer. If that customer buys your product over and over from you (repeat sales of a consumable product or a monthly membership fee, for example), or if the new customer buys other products from you later (backend sales), you can dramatically increase your sales and profit. This is a very important ingredient in the recipe for a successful home based business

Home Based Businesses Work – Integrating a Funded Proposal for Ultimate Success

A majority of the wealthiest people in the world acquired their wealth through business building; Home Based Business work is just one such avenue. In fact, working a business from home in part due to your ability to leverage the reputation and credibility of an established business, to be able to work flexible hours and work from home and still make real cash flow.

Most of the time however, that considerable cash flow takes time to make. Remember, it is not a get-rich-quick industry. Sure you hear plenty of amazing stories of people overcoming amazing odds to create amazing amounts of cash – but you don’t get to hear the whole story – that’s only the end of it; the story began many years ago in reality after years of training, education and old fashioned hard work.

For the average, hard working Home Based Business worker, it takes time and a commitment to consistent, daily action to create a 6- or 7-figure income. A good 2-5 years is a good rule of thumb – not bad when you compare it to the old 40-40-40 plan (work forty hours a week for forty years to retire with a forty-karat gold watch – and they may not be handing out watches today…). However, by harnessing the power of the internet today, there are home business owners earning record profits after 12 months of consistent, daily action (we are talking multiple 6- & even some 7-figure earners here!).

So how can you make 6-figures today with Home Based Business work in as little as 1 year with the internet? It’s by using a Funded Proposal. You see, one person can only move so much product. The Home Based business work industry has a built-in structure that permits you to build and create a sales team, allowing you to multiply your personal efforts through your network. So instead of profiting from just your sales, you can also receive income from the sales of your entire group (like an insurance or real estate broker can on their agents), depending on the earning structure of the company you’re in business with. So obviously, the bigger the group you create that is producing, the more income you are going to create. That process takes time, therefore you’ll earn more down the road as your team continues to grow.

The unfortunate thing is, people have needs and desires now, and don’t want to wait some two to five years to start experiencing serious results from their Home Based Business work. Everyone has been so conditioned with this need to have it now frame of mind that a lot of people will abandon their business before the compounding effect can really set in; before the seedling has a chance to sprout. Some people are so conditioned to receive a regular paycheck from the start that, even as small as that check may be, that is exactly what they need. Not everyone can be an entrepreneur and develop assets like a home based business and create wealth. And that is why the top 1% control the other 99% of the wealth, but I digress…

The funded proposal is a solution for the Home Based Business work industry for those with this problem. It basically allows them to begin making good money within their first few weeks and months while the profit from their primary home business builds as well. Basically the funded proposal allows Home Based Business workers to profit on the products they need to build their businesses which their prospects buy in their desire to make money from home (in order to be successful in the industry they need the right tools as well, so why shouldn’t you receive an affiliate commission for referring the product to them?) Just don’t get swept up selling tools to people and get sidetracked.

So the right Funded Proposal structure can allow you to create up front cash flow and put you in profit rather soon. And when you combine that with leveraging the results of your team and helping those Home Based Business workers do the same, you’ve got one powerful approach for producing considerable long term income.

New Home Based Business Ideas – How Online Opportunities Enhance Success

New home based business Ideas? How about a home based business which you:

1. do not need to spend much time to set up?
2. do not need to spend a single cent as start-up cost?
3. do not need to spend a single cent to get the products or inventories for your business?
4. do not need to spend a single cent to market your product?
5. do not need to bear any risk if it fails?

If you answers are “Absolutely! Yes!” then you should start exploring online home based business. Follow the following simple 5 steps of new home based business ideas and leverage on the online opportunities to start making money online.

Step 1. Sign up for a PayPal account (an online opportunity to receive money from your customers without incurring any cost and without any constraint)

It will just take you a few minutes to sign up for a free PayPal account. Once you have a PayPal account you could start receiving money from your global online customers 24/7. Unlike the conventional business where you need to rely on the conventional banking systems to receive money from your customers and you may also incur account opening cost.

Step 2. Conduct Research for a profitable niche market (free online opportunities to determine who are your profitable customers for your online home based business)

Conduct your own online research. Visit ClickBank, Amazon, eBay websites. These are the online platforms for you to find out what products are ranked high or popular to determine your profitable niche customers. Leverage on Google AdWords keyword tool to confirm the popular niche markets for your home based business. A high demand niche market is the key to earn money online. All these researches could be done within a day and without spending a single cent.

Step 3. Source for a product for your niche market from the affiliate networks (free online opportunities to obtain the products for your home based business)

Join an affiliate program. It is a business model where you make commissions from promoting the merchants’ products or services through online means. You could get all the products for your niche market for free from the affiliate networks, for instance ClickBank, PayDotCom, LinkShare, etc. You could promote as many products as you wish. Affiliate networks are the free sources for the products of your online home based business.

Step 4. Create your own blog as a platform to market the products to your niche market (free online opportunity to have a store for your home based business without the need to pay rental)

You could create your own blog for free within minutes, for instance at Blogger.com. It just takes a few easy steps. In a matter of minutes you can start posting text, photos, videos, etc. to your blog. Post or write something interesting about your affiliate product on your blog. Place your affiliate link on your blog. Your blog will be your free online “store” for your online home based business. It is the platform for you to market your product and earn money online.

Step 5. Promote your blog and affiliate product through article marketing (free online opportunity to market your online home based business’s product to your online customers)

There are various ways to generate traffics or customers for your online business. But for a start, you only need to focus on article marketing.

You could sign up a free article directory account with EzineArticles, GoArticles, etc. Start writing 250-500 words articles about your niche market or your affiliate product. Alternatively, you may outsource the articles writing to the online professional writers. These articles will help you to generate traffics or to get online customers.

Remember to place your blog’s address at the resource box of all your articles. Your readers may be enticed to visit your blog and will find the affiliate products at your blog. They are your potential niche customers. This is an effective way for you to market your online home based business to your global online customers.

With the above mentioned online opportunities, you could start your online home based business within weeks or even days and at the comfort of your home. Your online home business could operate 24/7 and never stops helping you to earn money online. By using these ideas, you do not need to invest a single cent to start your home based business. This will certainly increase your profit margin. If you fail, you could easily start a brand new online business again at anytime and anywhere. With the power of World Wide Web, there is no geographical constraint for you to earn money online and you will have global customers for your online business. You should leverage on this online opportunities to make money online.

Now, are you able to see how these online opportunities could enhance your success? What are you waiting for? Join the bandwagon, take action and start an online home based business and start earning money online.