Improving Your Business

« Back to Home

4 Questions To Ask About New Online Business Opportunities

Posted on

You're looking for new online business opportunities. Who isn't? Come on, it's totally a dream. Right? Home online business opportunities provide a way to support yourself (and maybe even your family) while you get to work – well, from home. So you read about a few awesome-sounding opportunities, and you're all in. Wait! Not every home-based Internet business is legit and not every one of them is equal. What do you need to know about choosing the right online opportunity? Check out these need-to-know questions.

Is There a Fee?

Your friend's aunt's boyfriend just told you about this amazing online business that he's part of. He gives you the web address and you start looking into it. And then you see it – the fee. There's an "initial investment" that gets you a kit, some sort of product or access to the website itself. Okay, so now you're thinking, "No way. Anyone asking for money upfront isn't legitimate." Well, maybe. Or, maybe not. Some MLMs (multi-level marketing) companies require you to buy an initial product kit or something similar, and they're not just looking for your money. Do some investigation before making a decision either way. Ask other people who work for or with the company (people like you, and not managers or 'founders'), looking for complaints against the business and weigh what you get vs. the investment price.

Are You the Boss?

Some online business opportunities are set up so that you're the boss. Well, maybe not completely the boss. Unless you're starting the business, chances are that you have someone over you in some way. But, that doesn't always mean that you're an "employee." For example, you might be considered an independent contractor. While you don't own the company and there are other people who you answer to, you'll still technically work for yourself.

Is There a Mentor?

If this is a new business that you're tackling, you could use a pro to guide you. Some companies (even online ones) offer mentors. A mentor can help you to better understand the business and make the most of the opportunity at hand. Through email, video chat and other virtual means, you can connect with a mentor who will help you through the initial transition. As you progress in your new business, the mentor will be there to answer questions and inspire you.

Is It Really From Home?

When you're looking for true online business opportunities so that you can work completely from home, you don't want to find out that you can't do the entire job from the comfort of your living room. Some online businesses require attendance at regular face-to-face meetings, conferences or other out of the home events.

New online business opportunities offer the chance to start fresh, make some serious money and do it all on your own schedule. Before diving in just because the opportunity seems okay, do some research. Ask the company some serious questions before starting out. And remember, if sounds way too good to be true – it probably is. That said, there are plenty amazing opportunities out there for hard workers who want to take the next step.