I don’t know of many home businesses that are based around the premise of teaching people how to become financially free. How to escape the rat race and quit your day job if you so desired. To succeed in any form of business you have to 100% believe in what you’re doing. If you work in small business and you’re not fully committed to what it is you’re trying to achieve, you’ll be peddling backwards right from the start.
An important question you should ask yourself before starting a home business, is, ‘How am I adding value in my business?’ Now let’s discuss this further, just what is adding value? I mean truly adding value… Does a stockbroker add value by recommending a share to buy, charging you a brokerage fee, only to see the share go down in value? Does an Accountant add value by preparing your tax return without legally reducing your tax liability any further than you could have yourself? NO! By adding value I mean, only charging for a service when the recipient actually receives a benefit from that service.
Let me provide an example...Lets say a stockbroker only charges brokerage fees when you actually make a profit on a trade or an accountant only charges a fee if they reduce your tax liability legally more than you actually could have yourself.
Suppose you purchased some stocks or shares from your broker based on their recommendation. Say you purchased $10,000 worth of shares. Assume for a moment it was the policy of the broker to only charge you a brokerage fee upon you making a profit on the trade, the trade they recommended. If this was the case, they wouldn’t charge you brokerage upon purchasing the initial parcel of shares. But suppose now, you sold those shares one month later and made a profit of 20%, so you sold the shares for $12,000 (a 20% profit on top of your $10,000 investment). The broker may then have a policy to receive 10% commission on whatever profit you make. The total profit you’ve made in this instance is $2,000 ($12,000 less $10,000). 10% of $2,000 is $200, so because you made a profit of $2,000 the broker has certainly earned their commission of $200. Everybody wins and everyones happy.
Now that’s what I call Adding Value.
I don’t think too many people would have a problem paying brokerage in this scenario. I know I wouldn’t…
But, what would happen if the trade went down in value? First of all, you would lose some money from the trade and then secondly, because of the brokers policy to only charge brokerage when you make a profit on the trade, you would not have to pay any brokerage whatsoever for buying and then ultimately selling the shares. The broker would really be putting themselves on the line and fully backing their position.
I don’t think anyone could deny the value being added to clients in this type of business. The main risk would be to the broker and making sure they don’t go out of business by recommending too many stocks that go down in value.
Now, that’s what’s truly unique about this home business opportunity… it adds value in so many different ways. Why don’t you head on over to Start A Home Business and see for yourself.
