9 Pointers for Evaluating a Business Proposal

Finding a business opportunity on the net is easy. But evaluating the right one for you, takes a little knowledge. With so many scams, takers and failed ventures you need a little more than the, "highest dollar for the least amount of work" approach. So what should you look for when evaluating an opportunity? Here are 9 pointers.

1. Is it legal?

Do they have a product? Many programs on the net are simply "money movers" with no real products. If this is the case then it's probably illegal simple as that. If you are serious about developing an online reputation for quality and reliability, then don't even entertain the idea of quick easy money. It will catch up with you!

Do they know and follow the law concerning matters such as CAN SPAM and other website legalities? There is no excuse for ignorance on the net! Do your home work and check out:

http://www.wilsonweb.com/wmt9/canspam_comply.htm

http://www.ipcgold.com/ad/112/CD996

Do a search on the names of the owners and founders of the products.

2. Does their product have value and advantage?

Is the product something that people want with the potential for repeat sales giving value for money at a competitive price? Do your homework. Search the net for equivalent products and do a price comparison. Does it offer a marketing advantage of some kind? What are the selling benefits of the product over their competitors? If they don't have a marketing advantage why would anyone buy their products?

3. Is it residual?

The best opportunities are the ones that have a growing industry and ideally repeat sales. Make sure if you are marketing a product that you get the benefit of the repeat sales. This is called residual income. If you are expected to find customers but only get the benefit of the first sale, this is unethical and unfair. It is a good idea to evaluate what % is paid back in commissions for the cost of the product or service. All good opportunities pay back an absolute minimum of 20%. Decide you are worth at least that much to them.

4. How long will it pay?

The world is a fast changing place. The cyberworld is even faster! Ask yourself where will the product be in 12 months, 2, and 5 years down the track? This is particularly important for digital and information products. Ask yourself the same about the company. Are they around for a quick buck or do they have a plan to establish long term commerce? Will they develop or keep up with new technologies to maintain a competitive edge? If this information is not readily available on their website, ask them. If they are not planners then they will not survive

5. How long will it take?

Take a long hard look at their compensation plan and compare it to your own goals. Is it cost effective on an hourly basis for the final outcome. You may have to make a decision by balancing time for outcome. You may consider it worthwhile putting in 20 hours work over and above a regular 40 hour job for a small return initially, if the final outcome is say 10 hours per week total for a 5 fold income. Of course you will have to decide first of all exactly how much time you are willing to work on the proposal then ask yourself is their program sufficiently automated to be worth your while?

6. Do they want your success as much as their own?

What is their commitment to you in terms of training and support? If they are not willing to train and support you for your success, are you willing to carry the responsibility of training yourself and dealing with product problems? In my opinion you must have online support and training for whatever you need to do for the mutual success of both you and the company. This can be in the form of email support, forums and a FAQ (frequently asked questions) page on their website.

7. What are the hidden costs?

Ask yourself, "What do I need over and above their proposal in order to achieve my goals", then factor this in to your decision making process. In this you should include things like further study, tools, web hosting expenses, stationary, travel expenses, accommodation etc. It is also important with some businesses to find out if you have a minimum purchase requirement, frequency of compensation and the time period between sales and commission. All these will affect your cash flow. You should then work out exactly what it takes to firstly break even, then become profitable and finally achieve your goals.

8. Is their a lead generation system ?

What assistance is given for approaching potential customers through to closing the deal? This is often non existent with you left to do it all. The best opportunities are fully automated for efficiency but flexible enough to have the essential personal touch. It can be hard work sifting through the opportunities to find your "Ticket2Success".

9. Do they have a money back guarantee?

Whether the product is digital or hardware people will expect a guarantee. Are you able to return and refund products quickly and easily with out problem? Is it clear who handles the finances and complaints in the event of an unhappy customer? You don't want to be left with egg on your face after creating a good online reputation!

About The Author

Ray Burton is an internet marketer specializing in affiliate programs, business opportunities, joint ventures and resources to create your online success. He has paid special attention to online training programs for new marketers. You can visit his store and collect a "ticket2success" at http://www.cyberchoices.net The mini site - mega store.

r.burton@clear.net.nz

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Google News Updated : Sat, 11 Oct 2008 17:50:53 GMT This week in Apple: New notebooks, new writers, and more Woz - Ars Technica Canada.com This week in Apple: New notebooks, new writers, and more Woz Ars Technica - 3 hours ago By Jacqui Cheng | Published: October 11, 2008 - 09:30AM CT This week's most-read Apple news was all over the map, but in a good way. Don't Buy A Mac Laptop* Washington Post Apple may launch new laptop United Press International Forbes - CNNMoney.com - Computerworld - Macworld all 182 news articles Publ.Date : Sat, 11 Oct 2008 14:43:05 GMT Nobel Peace Prize winner wants jobs for the young - International Herald Tribune BBC News Nobel Peace Prize winner wants jobs for the young International Herald Tribune - 4 hours ago AP HELSINKI, Finland: Nobel Peace Prize winner Martti Ahtisaari said Saturday that finding jobs for more than 1 billion young people in the Middle East and Asia will be a major challenge to peacebuilding in the next decade. Ex-President Of Finland Is Awarded Peace Prize Washington Post Nobel Finn Wall Street Journal Voice of America - findingDulcinea - Burlington Hawk Eye all 1,468 news articles Publ.Date : Sat, 11 Oct 2008 13:12:07 GMT GM Is Said to Be in Preliminary Talks With Chrysler (Update2) - Bloomberg BBC News GM Is Said to Be in Preliminary Talks With Chrysler (Update2) Bloomberg - 2 hours ago By Jeff Green Oct. 11 (Bloomberg) -- General Motors Corp. is in preliminary talks with Cerberus Capital Management LP's Chrysler LLC about a possible merger or other partnership, people with direct knowledge of the talks said. Source: Chrysler, GM discuss merger, acquisition The Associated Press GM mulled Chrysler acquisition: Huh? BloggingStocks DetNews.com - Right Pundits - Fox 28 - Forbes all 1,000 news articles Publ.Date : Sat, 11 Oct 2008 15:39:15 GMT Marriage ruling not the end of debate in Conn. - The Associated Press ABC News Marriage ruling not the end of debate in Conn. The Associated Press - 1 hour ago HARTFORD, Conn. (AP) - Now that the Connecticut Supreme Court has ruled same-sex couples have the right to wed, opponents of gay marriage are pinning their hopes on an infrequent ballot question in a longshot bid to block the unions. Video: Connecticut Court Allows Gay Marriage AssociatedPress Conn. Ban On Gay Marriage Reversed Washington Post New York Times - Boston Globe - Reuters - San Jose Mercury News all 1,674 news articles Publ.Date : Sat, 11 Oct 2008 16:41:18 GMT Stevens's Reputation 'Sterling,' Powell Says - Washington Post Boston Globe Stevens's Reputation 'Sterling,' Powell Says Washington Post - 14 hours ago By Del Quentin Wilber Former secretary of state Colin L. Powell told jurors in the corruption trial of Sen. Ted Stevens yesterday that the powerful Alaska Republican had a "sterling" reputation among the nation's military and political leaders. Reporter's Notebook: Powell Takes the Stand for Stevens FOXNews Powell says Sen. Stevens' integrity "sterling" Reuters CNN - The Miami Herald - ABC News - Anchorage Daily News (subscription) all 2,873 news articles Publ.Date : Sat, 11 Oct 2008 03:13:53 GMT Obama Aims for Electoral Edge, Block by Block - New York Times Sydney Morning Herald Obama Aims for Electoral Edge, Block by Block New York Times - 29 minutes ago Lukas McGowan is focused on getting voters out on Election Day. “Once we register them,” he says, “that’s only half the job. Obama thanks McCain for remarks, presses attack Reuters FOX News poll: Obama leads McCain United Press International Voice of America - CBS News - The Associated Press - Washington Post all 2,330 news articles Publ.Date : Sat, 11 Oct 2008 17:21:34 GMT Palin hammers Obama on the abortion issue in Johnstown - CNN Boston Globe Palin hammers Obama on the abortion issue in Johnstown CNN - 44 minutes ago (CNN) -- Alaska Gov. Sarah Palin took her message to voters in the battleground state of Pennsylvania on Saturday, lashing out at Sen. Barack Obama for his views on abortion. Palin drubs Obama on abortion during Pa. rally The Associated Press Palin Gets Personal On Abortion Issue CBS News MSNBC - New York Times Blogs - Pittsburgh Post Gazette - The Tribune-Democrat all 95 news articles Publ.Date : Sat, 11 Oct 2008 17:06:21 GMT Merchant Datafeeds Amazon Associate Store

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