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Real Costs For
Biz-opps
Step
2 - What Are The Real Costs?
The real cost
to a bizopps is far more
than just sending in $39 to whatever company is trying to seduce your money
away from you.
Some of the costs
include the following:
- What product?
Before starting your home-based business, what product will you sell? Have
you done the research to show that people want your product?
Never get sold on something because someone else declares it's the next
best thing to free winning lottery tickets - always verify claims yourself.
- Knowledge.
Are you familiar in-depth with your product? Do you know who your competitors
are? Do you know the best way to market it? If your family was interested
in it, would you be proud to sell it to them?
- Marketing.
A great big very important thing! Marketing
is what gets your name known to your targeted audience. It's advertising,
copy, time, effort, time,
hard work and much much more.
- Mentoring.
Are you assured to great guidance when you buy and market?
- Packaging.
If you have a great product, but your packaging is as exciting as blank
space, you will lose out on that crucial first impression. When writing
my book, I hired a graphics artist to design the front, back and spine
of the cover. I knew what I wanted to convey - the additional artwork emphasized
it.
- Production
cost. Does your product require any assembly?
How about materials?
- Inventory.
Does it require inventory? If so, where will you keep excess inventory?
I recently converted my dining room to a storage facility.
- Web sites.
Business web sites are crucial to providing a storefront and letting your
customers know what you have to offer. Do you know enough not
to get ripped off when buying a web site? And after you buy a site,
there is the monthly hosting fee to take into account and more.
- Credit card
processing. Once your cusomter is interested
in buying your product, how do they purchase it? Do you know how to get
a merchant account without getting ripped
off? Do you want to process credit cards realtime on the Internet? Again,
another cost.
- Stress.
While one can never put a precise price upon stress, it certainly will
take its toll on you. Is your home-based business your only source of income?
Will you have to worry about more bill-paying? If your stress levels increase,
can you catch the warning signs soon enough and
manage them?
With all the
hype and froth out there about internet marketing, what makes a bizopp
good?
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