It’s not easy in today’s world to manage a job and family with everything else you need to do. Work from home jobs are not always easy to find and if you do find them, how can you tell if they are going to work for you? There are certainly some factors to consider when looking to work from home.
Work From Home Jobs – Pros
Working from home has many pro’s.
Set your own schedule and work hours
Have time to get your other obligations done (chores, appointments, kid’s sports and other activities)
Build your business as you wish to have it done
Pride in ownership of the business you build
Income tax write-offs for the portion of home/utilities dedicated to your workspace
Avoid rush-hour and having to rush home if the kids are sick or school is cancelled
No need to pay for daycare and before and after school programs or spring break care
This will be one of your biggest challenges: Deciding on a home business to start up. With so many options out there, you need to look at your goals, your timeframes, your own family and personal obligations at home, your investment ability (both time and money). It’s also important to believe in the business so you can stand behing the products and/or services. Picking a new to market business offers a lot of potential but also lack of security vs one that has been around a long time. Let’s get you started on points to consider!
Investment: Personal & Financial
First things first – what do you have to invest and can you? Does this home business require you to invest in purchasing products, or websites or have autoshipments? Do you need to make any quotas to remain active? Will you need to buy products and keep them on hand and if so, how much can you realistically afford?
Personal time. Whether you have a family or not, you likely have other obligations in life. How much time can you reasonably comitt to this new venture of yours? Do you plan on working it every day, on weekends, a couple hours a week? Understanding what you can offer will help you set realistic goals.
How much money do you hope to make with this business in 1 year, 2 years, 5 years? With the time you have to invest, do you have reasonable numbers in mind? Are you wanting to work this casually for now and have it set up as a retirement investment, so you will still earn money when you are retired (vs taking RRSPs out?).
Will you be working every day, some days or when you can? Do you want to do markets and events, home parties, direct sales or use the Internet to reach your customers? Depending on the events you are willing to attend, what will be required to do so. For example, doing markets is great and can lead to instant cash, but you will need to possibly buy your own table, or rent one. You will also need to rent the space, buy a tablecloth and signage and, of course, have product to sell!
Questions to Ask
Here are some very important questions to ask:
Are there any quotas to reach or maintain
Does the company do autoshipments and if so, can you afford them
Are there any selling restrictions. If so, will they conflict with the way you want to coduct your business
Does the business restrict you to certain territories or only sell in certain countries
How long has the company been around and what is the likelihood they will still be around in 1 year, 5 years etc.
What kind of training and business tools do you get and are there any additional costs
How reputable is the company and are they listed on the BBB or have any other reviews
If it’s a business model where you join under someone else, how long have they been with the company
Are you required to ‘sponsor’ others or is the business model based only on building a team
Tamara Lynn has been an Indep. Watkins Consultant & National Team Manager since 2008. She has coached thousands of consultants across North America and focuses on helping her team build their business as well as aiding customers in finding the products they want.
With a degree in Business Administration, E-commerce & Marketing and over 20 years experience in the Business Industry, Tamara Lynn is here to help answer your questions!