Make Big Money The Real Story
Make Big Money The Real Story
Hi Rick....quick question.....in talking with a friend this weekend......wondering: is there an opportunity to earn a six figure income with a franchise that is strictly home office-based?...all communication done by phone, email, fax, UPS etc.......
- John
Unfortunately, this “quick question” doesn’t have a quick, easy answer!
Let’s start with the value equation as it relates to franchising. The role of the franchisor is to bring a superior operating system including a protected brand name, training, support, technology and a successful track record. A franchisee is expected to bring a strong work ethic, localized expertise, a customer focused approach and the willingness to market and promote the business. Most franchise systems are more successful with local owners in charge of the operation. Earlier in my career, our franchised restaurant units always out-performed our company-managed locations. A local owner makes a big difference in franchising because they usually have a vested interest in the community and work harder to achieve their goals.
The problem with sitting at home in front of a computer and phone is that you are not adding much value. In most cases you are simply conducting work. Regardless of how hard you work, your business will never be as successful as when you marry your work with a localized effort to reach out to other people, build relationships and establish a reputation in your local community.
If you want to spend the bulk of your time on the computer and phone, you might want to look at a category called ‘Business Opportunities.’ Some ‘Business Opportunities’ try to sell educational programs. Others call for the investor to provide labor. I received this email today:
‘This online business changed my life!
Easy Craigslist Income – Just another day at the office.
Get a free CD that can show you the lazy way to make money online
using Craigslist to make a fortune.’
This is most likely an example of a ’Business Opportunity’ selling products or services for someone on Craigslist. Yesterday, I received an identical email advertisement with the word ‘EBay’ substituted for ‘Craigslist.’
Another recent solicitation said . . .
‘Work at Home – Easy Work – Great pay – Start today.
No prior experience, education or special skills required.’
There are many similar ‘opportunities’ that land in email inboxes every day. So, can you make a six figure income with these types of ‘opportunities?’ Quite frankly, I don’t know. There is no requirement that the seller provide any type of information regarding earnings or success, nor do they have to provide a complete list of people that have used their ‘system’ to make ‘easy Craigslist income’ or ‘great pay.’
You might ask for a list of their current partners so you can randomly contact them and evaluate their success for yourself before making a decision. This may not be required by law, but if their response to your request for more detailed information is not satisfactory, it may provide a strong indication about their level of business success overall.
There are also hot new distributorships such as MonaVie. These types of business opportunities are now required to share basic earnings information. A review of the 2007 MonaVie Income Disclosure Statement shows that approximately 9% of individuals that have joined MonaVie have achieved Distributor status. Nine out of 10 Distributors have a gross income of less than $9,000/year. And 99% of Distributors have a gross income of less than $100,000 per year. No information is provided regarding Net Income. To be fair, many people look at these types of business opportunities as a way to make supplemental income and may choose to work part-time while keeping another job. The income earned may be acceptable based on the amount of time and effort they commit.
If ‘Business Opportunities’ are not going to work for you, you might like to consider consulting. Becoming a successful consultant earning a six figure income rarely involves just sitting behind a desk or a computer all day. The first thing needed is subject matter expertise and training. Once you have this, you need to get out in the local community and market and sell your services.
As a veteran franchise consultant, my path to success absolutely required getting out of the office and building relationships while also providing a consistently high level of subject matter expertise. Even today, I am still very involved in activities across Florida. Last week I was in Tampa, Sarasota and in Naples meeting with people and conducting presentations. Consulting is about building a reputation and meeting people.
In summary, there are many business ownership paths to examine including home-based and office-based businesses. The trick is to find the ‘opportunity’ that offers you the greatest chance of success and meets your lifestyle and income requirements. You need information to make an informed decision and the willingness to commit the time and energy to get out in the local community and make something happen. In addition, you may encounter setbacks. You will have to stick with it during the start-up phase and understand it may take a time to make the six figure income you desire.
There are no easy roads. It all takes effort. So, next time someone says they want to sit at home all day and make a six figure income, ask them if they are looking for a business or a job. And if you hear of an ‘Easy way to immediately start making big money,’ don’t walk away from it – RUN!
Make Big Money The Real Story - To learn more about this author, visit Rick Bisio's Website.
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Yesterday I received this interesting question from one of my candidates:
Hi Rick....quick question.....in talking with a friend this weekend......wondering: is there an opportunity to earn a six figure income with a franchise that is strictly home office-based?...all communication done by phone, email, fax, UPS etc.......
- John
Unfortunately, this “quick question” doesn’t have a quick, easy answer!
Let’s start with the value equation as it relates to franchising. The role of the franchisor is to bring a superior operating system including a protected brand name, training, support, technology and a successful track record. A franchisee is expected to bring a strong work ethic, localized expertise, a customer focused approach and the willingness to market and promote the business. Most franchise systems are more successful with local owners in charge of the operation. Earlier in my career, our franchised restaurant units always out-performed our company-managed locations. A local owner makes a big difference in franchising because they usually have a vested interest in the community and work harder to achieve their goals.
The problem with sitting at home in front of a computer and phone is that you are not adding much value. In most cases you are simply conducting work. Regardless of how hard you work, your business will never be as successful as when you marry your work with a localized effort to reach out to other people, build relationships and establish a reputation in your local community.
If you want to spend the bulk of your time on the computer and phone, you might want to look at a category called ‘Business Opportunities.’ Some ‘Business Opportunities’ try to sell educational programs. Others call for the investor to provide labor. I received this email today:
‘This online business changed my life!
Easy Craigslist Income – Just another day at the office.
Get a free CD that can show you the lazy way to make money online
using Craigslist to make a fortune.’
This is most likely an example of a ’Business Opportunity’ selling products or services for someone on Craigslist. Yesterday, I received an identical email advertisement with the word ‘EBay’ substituted for ‘Craigslist.’
Another recent solicitation said . . .
‘Work at Home – Easy Work – Great pay – Start today.
No prior experience, education or special skills required.’
There are many similar ‘opportunities’ that land in email inboxes every day. So, can you make a six figure income with these types of ‘opportunities?’ Quite frankly, I don’t know. There is no requirement that the seller provide any type of information regarding earnings or success, nor do they have to provide a complete list of people that have used their ‘system’ to make ‘easy Craigslist income’ or ‘great pay.’
You might ask for a list of their current partners so you can randomly contact them and evaluate their success for yourself before making a decision. This may not be required by law, but if their response to your request for more detailed information is not satisfactory, it may provide a strong indication about their level of business success overall.
There are also hot new distributorships such as MonaVie. These types of business opportunities are now required to share basic earnings information. A review of the 2007 MonaVie Income Disclosure Statement shows that approximately 9% of individuals that have joined MonaVie have achieved Distributor status. Nine out of 10 Distributors have a gross income of less than $9,000/year. And 99% of Distributors have a gross income of less than $100,000 per year. No information is provided regarding Net Income. To be fair, many people look at these types of business opportunities as a way to make supplemental income and may choose to work part-time while keeping another job. The income earned may be acceptable based on the amount of time and effort they commit.
If ‘Business Opportunities’ are not going to work for you, you might like to consider consulting. Becoming a successful consultant earning a six figure income rarely involves just sitting behind a desk or a computer all day. The first thing needed is subject matter expertise and training. Once you have this, you need to get out in the local community and market and sell your services.
As a veteran franchise consultant, my path to success absolutely required getting out of the office and building relationships while also providing a consistently high level of subject matter expertise. Even today, I am still very involved in activities across Florida. Last week I was in Tampa, Sarasota and in Naples meeting with people and conducting presentations. Consulting is about building a reputation and meeting people.
In summary, there are many business ownership paths to examine including home-based and office-based businesses. The trick is to find the ‘opportunity’ that offers you the greatest chance of success and meets your lifestyle and income requirements. You need information to make an informed decision and the willingness to commit the time and energy to get out in the local community and make something happen. In addition, you may encounter setbacks. You will have to stick with it during the start-up phase and understand it may take a time to make the six figure income you desire.
There are no easy roads. It all takes effort. So, next time someone says they want to sit at home all day and make a six figure income, ask them if they are looking for a business or a job. And if you hear of an ‘Easy way to immediately start making big money,’ don’t walk away from it – RUN!
Make Big Money The Real Story - To learn more about this author, visit Rick Bisio's Website.
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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