Category: Home Business Questions

Evaluating a home-based business opportunity

Dear WAHFAQ, I have been toying with the idea of getting into one of those MLM companies. I have been wanting to start my own business and have a friend who has been really successful with her health and wellness company. I’ve tried the products and really like them. I’m not sure I’m the “selling” type, though, and I just don’t know if I should do this. Do you have any tips to help me make a decision? There are a lot of options for starting a home-based business, even if you don’t have ideas of your own. MLM, Network…

Get in on the ground floor — plus other home business lies

Dear WAHFAQ, I’ve been looking into different Direct Sales companies to join because I really want to start my own business. I don’t quite have the money yet to get started, but people are pressuring me to sign up, saying I’m going to miss out because it’s a new company and they’re growing really quickly. And it seems to be true. I’ve seen their growth charts! What do you think? Should I just take the jump now, or should I wait a bit until I’m really ready to start a business? Who wouldn’t want to be ahead of a trend?…

Why I love MLM and Direct Sales

Dear WAHFAQ, I’m really disappointed that you recommend MLM and Direct Sales as a way to earn money. They’re just pyramid scams! What are you thinking?!?! It sounds like you may have had a negative experience with an MLM company…maybe you were over-promised on what you could earn? Or maybe they didn’t really explain to you what kind of time commitment was required to run your own business? Or maybe you didn’t do your research enough and got swept up into a company that was new, or had founders that went bankrupt? Whatever it is, I am sorry for your…

The problem with sponsoring dreamers

Dear WAHFAQ, I am having the worst luck with my network marketing company. I love the products, and I have a steady stream of customers, but I’m having a hard time finding people to sponsor. The purpose of me doing this business in the first place is to create some residual income from other people’s sales…but most of them flake out! What can I do? In various businesses, I have encountered many people who say that they are committed, who say that they want to make a change in their lives, but never really follow through. These people amaze me,…

Should kids pay taxes on a lemonade stand?

Each summer, entrepreneurial kids will hit the driveways of America selling cookies and lemonade to passersby. Little thought is given to the legalities and regulations of this rite of passage because, after all, they’re just kids, right? At the 2011 US Open in Bethesa, Maryland, a group of kids decided to have a lemonade stand in hopes of earning some money.  They were shut down because they didn’t pay the $500 vendor fee. Meanwhile, other (older) entrepreneurs who paid $300 for land use permits continued collecting $60 parking fees so that they could have cars parked on their lawns. After…

Approach the media right with these quick pitch tips

Business owners should constantly be on the look out for new opportunities to get press for their business. Unfortunately, even some of the most seasoned public relations managers can fall flat when trying to submit a pitch to get publicity. Here are some quick tips to get you and your business noticed: Never pitch yourself. Pitch the issue that you are an expert on. Provide outside facts and stats. Never pitch your product. Pitch the problem your product solves. Writers want answers and solutions…not an infomercial. Give them the story. You can write an AP style story instead, framing yourself…

My mom makes me proud

My parents are of the mindset that people should rely on their jobs and companies to take care of them. My father was a newspaper editor for nearly 40 years and my mother is retired from being in the education field. They’ve always tolerated my whims, although, deep down I knew that they didn’t understand why I never got a “real” job. Residual income, cash flow…these whole concepts of making money without going to “work” never really clicked with them. I’m pleased to announce that Mom is finally coming around. I don’t know if it’s because she’s collecting residual income…

Plan your business before you begin

    Dear WAHFAQ, I would like to be my own boss, but I’m having a hard time getting started. I feel like I have so many false-starts and so many different ideas that my friends and family are losing faith that I’ll actually succeed in just one. I know I can be successful, I’m just not sure HOW to do it. How do I get over this hump?   “Plan your work, and work your plan.” — One of my father’s gems…along with “Do your homework” and “Remember the Golden Rule” this phrase has stuck in my head over…

Offline vs. Online Businesses

Dear WAHFAQ, I’m looking to start my own business, but I’m not sure if I should focus on something that’s just online, or if I should go for an in-person type of business, (like running a store.) What do you think? Before you decide to start your own business or follow an opportunity that has already been established, you’ll want to consider certain factors of the business: How much time you want to invest, how much money you can invest, the type of support system available to you, and the market to whom you want to pitch your wares. You…

Why businesses fail

Dear WAHFAQ, I want to start a business, but I’m scared to death of failing. At this point in my life, I just don’t have the energy to start something without knowing for certain it will be a success. How can you tell if something will be successful or not? Time and time again, people with good intentions and great ideas fail at creating their own business. How many step back to analyze their failures, re-group and try again?  Success comes to those who are able to push through set-backs and learn from their mistakes. Before you start on your…