| How can you tell the difference between a money | | | | founders of the MLM). An MLM also violates Rule #1 |
| making home business and a scam or a gimmick? | | | | as the only way to achieve this leverage is to recruit |
| After all, the difference between a 'gimmick' and | | | | your friends and relatives into the same business so |
| 'scam' might be legally different but when it comes to | | | | now you're selling the same business you just bought |
| your money making home business... there really isn't | | | | instead of selling the products of the MLM. |
| much of a difference at all. | | | | Here's a simple 'reality check'; were you buying the |
| So before I reveal exactly how to uncover the truth | | | | products the MLM promotes before buying the MLM |
| about a real home based business, first let's define | | | | business? If not, what makes you think others will |
| the difference between a home based business | | | | buy these products from you? |
| 'scam' and a simple home based business 'gimmick'. | | | | Rule #3 - Look for longevity. Your odds of making |
| Home Business Scam - I define this as a business | | | | money with your home based business are much |
| that's advertised to provide a reasonable to | | | | better if you go with someone that has a track |
| outrageous income stream but is really nothing but a | | | | record of success. Think about it... would you rather |
| complete ruse. This is a business that's really set up | | | | buy a McDonalds franchise or "Brand X Hamburgers"? |
| to be complete BS with absolutely no chance of | | | | While Brand X might provide greater upside 'potential', |
| anyone ever turning it into a money making home | | | | just as day trading can be more profitable than |
| business. | | | | mutual funds, no one can argue that McDonalds is |
| Home Business Gimmick - This type of business is | | | | already a proven entity and more likely to succeed. |
| usually real and can even be quite profitable... for a | | | | Rule #4 - Sell a product you understand and can |
| few folks anyhow... or for a short period of time. | | | | easily describe to your friends. If you can't describe |
| These gimmicks are prevalent on the internet today | | | | your product or service in 1 sentence then you really |
| because the internet is still relatively new so the | | | | don't understand it and should never try to build a |
| opportunity for making a fast buck are also | | | | home based business around it. |
| prevalent. But is this really what you want as a long | | | | Rule #5 - Your home based business should be well |
| term money making home business? | | | | supported, by the company you purchased it from, |
| So if you really want a true money making home | | | | with a rock solid infrastructure. Do they have a real |
| business, you need to avoid the scams and gimmicks | | | | support system? Can you reach them before and |
| as one will rob you blind up front and the other will | | | | after you join? Are others in the business making |
| have you chasing every fad of the day... don't do | | | | money already? |
| either. | | | | Rule #6 - Plan on 'doing something'. While you won't |
| Instead, make the smart choice by looking for a real | | | | have time to 'do everything' (see rule #5), never |
| money making home business that you can build | | | | believe there's someone out there willing to pay you |
| upon for years of profitable operation and also | | | | for 'doing nothing'. If you think you can build a |
| improve upon to increasingly grow your profits each | | | | business around replaying someone else's video to sell |
| and every month. | | | | the same business you just bought to hundreds of |
| Now let's look at the rules of a real home business: | | | | others...just stop dead in your tracks and buy a |
| Rule #1 - Your business should sell something other | | | | lottery ticket instead. Your odds of success are much |
| than itself. In other words, if the business you buy | | | | better. |
| does nothing other than tell you to turn around and | | | | Are there more rules? Sure... hundreds of them, but if |
| sell the same business to others, you just bought a | | | | you follow my 6 'Golden Rules', you'll be ahead of |
| 'gimmick' at best. | | | | 98% of the 'sucker pack' and you will succeed. A |
| Rule #2 - Avoid MLM (multi-level marketing) hell. While | | | | money making home business is the easiest and best |
| it's true that an MLM can provide immense leverage | | | | way to start a business, just make sure you follow |
| and wealth, they only provide this leverage for the | | | | my rules and avoid the pot holes on the internet |
| first and the few folks through the door (usually the | | | | highway. |