Business in a Time of Scams: How You Can Survive and Make the Right Online Business Opportunity Choice

You should be careful about choosing a business

. After all,

investing in an entrepreneurial venture can make or break

you. It can ruin or make your reputation, place a big dent

on your bank account or enlarge it and do something to your

self-esteem that a therapist cannot. So when faced with an

online business opportunity, should you make a go for it or

should you run in the opposite direction? Here, we try to

make sense of what makes a good online business opportunity

and how you can decide for yourself if it's right for you:

Online means just that.

A unique characteristic of online businesses is that they

offer the logistical and geographical advantage that more

traditional forms of businesses can't. If you're selling

health supplements door-to-door, for example, you will be

severely limited by your ability to physically cover an

area. If there's a potentially big client in another state,

you will have to pack up and travel just to meet with them

and present your samples.

With an online business, you virtually have the world at the

end of your cursor key. Regardless of where your clients

are, you can reach them, communicate with them and close a

potentially lucrative deal.

However, the very nature of online businesses makes them

vulnerable to unscrupulous practices, fraud and hoaxes. If

you're not careful, it would be easy to fall for false

promises of instant wealth. Think about it: if all these

promises were true, we'd all be living like the Donald and

Paris Hilton. This is why you'll have to be well informed

about the risks of grabbing an online business opportunity

you have no prior knowledge of.

Protect yourself.

Never sign up for an online business opportunity that you do

not fully understand. So what if your best friend has

signed up and is bragging about his thousand-dollar-a-day

earnings? It might be different for you.

Instead of signing your soul and bank account away, ask for

proof. If the business is legitimate, they should be able

to provide you with documentation that they do indeed offer

a real opportunity. If there are claims to a specific

income for members, ask who these members are or at least

how many of them achieved that income and what the overall

percentage of top earning members is. Your right to

complete information is protected by the law, so use it.

Get claims and promises in writing.

Of course, no business opportunity can guarantee 100%

success. There is no such thing as a fool-proof venture.

Whether you succeed or not will depend on a lot of factors,

such as your ability to sell, the type of market you have,

trends, the relevance of the business, the quality of your

products and the strength of your competitors, among others.

If the company offering you the opportunity claims a certain

amount of earnings, have it in writing. It must be backed

up, particularly if the business will cost you $500 or more.

Always ask for the information about the earnings as part

of your information pack. It's not a guarantee of how much

you yourself will earn but it will show you how much income

you could potentially generate.

Take your time to study the agreement.

Certain online businesses should have a disclosure document.

If you buy into a franchise, for example, the law

stipulates that this document be provided to you. This will

outline important information about the company and whether

or not it has had problems about litigations in the past.

Get in touch with other franchisees to learn more about the

business. Again, it's your right to know.

When in doubt

Consult someone, preferably a disinterested party. If the

investment capital is considerable, talk with an accountant,

lawyer or a business coach. Don't be forced into buying an

online business opportunity just because high-pressure

tactics are being used on you. It's your money, your effort

and your future you have to secure.

*********For more information about Online Business

Opportunity be sure to follow the link in the resource box

below to receive your free home business Cd.

Business in a Time of Scams: How You Can Survive and Make the Right Online Business Opportunity Choice

By: Anthony Harris

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