What is the best small business to open that has little risk?

Best small business to open

There are many businesses you can start with little money, though finding one with any risk is a challenge, however if you like the idea of working at home the risk is minimal.

The beauty of the home based concept is that apart from your start up outlay there is not much else to pay. If you are at home and have a table, chair and a laptop you have all you need for a business. This means that the risk factor is zero.

The main issue I have found during my chats with friends is not the availability of turnkey businesses, but which is the best business to start with little money. This has more to do with interests and so on than if there is a business for them. It is not a good thing to believe that one home based business is better than another. It should be said that your passion for a concept or product should be far more important.

So, sit down for a few minutes and consider what would satisfy your mind and soul for the next five to ten years. Whatever you choose it needs to be something that you are passionate about and believe you can do long-term.

So ask yourself:

  • What excites you and gets you out of bed in the morning?
  • Can you see yourself doing this in 10 years time?

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Businesses you can start with little money

Below are some of the best small business to open that can be started online on a budget

The three main businesses you can start with little money are Affiliate Marketing, Multi-Level-Marketing (MLM) and Network Marketing. All of them can be started with little money, however regardless of the urban legends they do not get rich quick schemes. So, you need to be thinking long-term.

Affiliate Marketing – This is one of the most popular home business models on the internet. This is because it is fairly easy and inexpensive to start with little money. In many cases someone can start an affiliate business for FREE. However, training and education is needed and an understanding of internet marketing and online businesses.

What is an affiliate marketing business?

Affiliate marketing business refers to the practice of selling other people’s or companies’ products or services in exchange for commissions. Some affiliate programs pay as much as 70% commission so you can just imagine how lucrative this online money-making business can be. If you have a limited knowledge of selling products and services online I would suggest downloading one of the best eBook on the subject. Remember only 5% of all affiliate marketer make 90% of the income, because they have taken the time to educate themselves how this business makes money.

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Multi-Level-Marketing (MLM) – This business method of making money on the internet has been the subject of controversies for some years. This has a lot to do with the older MLM companies not willing or able to come to terms with new MLM business legislation. Also, there has been an issue with some distributors making unbelievable income as well as product claims. Fortunately, MLM legislation has reeled in their unethical business practices of these individuals and companies. This has allowed the rest of us to be confident in the legitimacy of this type of business model.

There are many legitimate MLM business ideas with low investment worth getting into. With the MLM business method, you will not only make money from your sales but also from the sales of your team. Yes, this sounds great, but again as with the affiliate marketing business, understanding how to sell the product and build a team needs training.

One interesting point with any home business is that they are easy businesses to start, but not easy to do. That is why from the start you need to ask yourself how you want to run your MLM business.

  1. Online?
  2. Face to face?

Both methods do work, but from my experience after years of using both methods, running a MLM business online is far easier once you have the knowledge. Online MLM means you are speaking and connecting with your customers and prospects 24 / 7. On the other hand, the traditional MLM marketing method of speaking to people you are not.

I want to start my own business online in MLM but I don’t know how?

The eBook I would suggest is the “Beginners guide to online prospecting in network marketing”. It will take the reader through everything the marketer needs to become successful online in MLM. This eBook is also worth reading if you are working in any of the marketing methods on this page.

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Network Marketing – This is a much broader concept than MLM and as such can be much more lucrative. Anyone interested in starting a network marketing business should carefully consider going onto the internet and finding out as much as you can about the company they are interested in. This type of money-making business makes good use of one the natural characteristics of humans which is to make connections with other humans. This method has produced countless millionaires already.

This marketing method is often called “relationship marketing” because of the importance of the relationship the distributor needs to have with the customer and prospect. However, even though the need to build relationships and make connections are vital for success in network marketing. There has been a trend towards using affiliate marketing methods to make the original connection. Once the connection is made online then the distributor needs to build a relationship after the prospect becomes a customer or distributor themselves. This is a slightly different way of doing network marketing, but an important stage in the evolution of the home based business industry.

Best business to start with little money

What is the best business to start with little money?

After years of experience in all of these business methods it finally comes down to trust. This trust does not just come from the company but also the people you may need to work with. I have been very fortunate over the years and have worked with some very good companies and individuals who after 20+ years are still deep and loving friends.

The best small business to open in network marketing is in my opinion, doTERRA. It is a truly outstanding company with a record of being transparent, honest and dependable. Their customer service is exceptional and for those who gain a higher rank get their own personal support. In regards to doTERRA’s product line, they are also outstanding. Even today, 100% pure essential oils are still trending very high on Google, meaning customers are searching for doTERRA products internationally as well as locally. This is great if you are intending to run doTERRA as a long-term business option.

If affiliate marketing is more your thing, Clickbank is really the only place to go to find small business opportunities. There are a few other affiliate marketing product marketplace platforms, but Clickbank really has my vote. It is safe, they pay commissions without a fuss and they offer a vast amount of digital products including eBook, programs and training platforms.

How to open a small business online today

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