How Should You Review a Stay at Home Business Opportunity?

One of the big challenges about starting a stay at home business is getting past all the scams. There are many wonderful opportunities out there, but finding them is not easy. And there are so many opportunities that sound wonderful, yet turn out to be scams.

What can you do?

You need to learn how to review home business opportunities for yourself. While you can rely somewhat on what people say about them online, many will have a financial interest in making the opportunity sound good. This is not helpful if they’re promoting a scam.

There are some sites that can help. You can check with the BBB, but that is not always a reliable indicator.

The challenge is that if an opportunity is new, there won’t be any obvious negative information to be found. How do you cope then?

The first thing to do is to look at what you are being told up front about the opportunity. What does it cost you? What will you be doing? How will you earn money?

All of these should be realistic. You should not be earning primarily from recruiting, for example. Similarly, if earnings claims are made, ask for the backup documentation. If earnings claims are made and the opportunity costs more than $500, the FTC requires the earnings claim to be backed up in writing. Even if the opportunity costs less than $500 it’s a good idea to ask how they arrived at that number.

Ask to talk to other people who have joined the opportunity. You will have to watch out for shills, but a person who is really working a new opportunity should be able to tell you the good and the bad about it. Try to get contact information for several people, not just one or two. If you can get in contact with people you can meet in person, so much the better.

Google and other search engines are also good resources. Type in the business name with the word scam, and see what you come up with. You will probably want to use quotation marks around the name of the business, but have the word scam outside the quotes. Try it both ways if you’re having trouble getting results.

Make sure you take your time deciding if you want to join an opportunity. If the opportunity is good, there’s no need to rush. If you’re being pressured for a fast decision, it may not be the best idea to join the opportunity. Legitimate ones won’t have to worry that you’ll find negative information, after all.

On the other hand, if you are buying information about how to start a particular type of stay at home business, you need to hear from others about whether or not the information is any good. Forums can be great for this, in addition to the other resources mentioned above. You can also check refund policies. These may not always be accurate, as some claim one thing yet do another.

If you’re having trouble getting enough information about an information product to feel comfortable about buying, don’t forget trying to contact the author. They may be able to reassure you somewhat, at the very least about whether or not they pay any attention at all to emails. This won’t help you if it is a scam and they ignore you later, of course.

You should always do your research when it comes to a stay at home business opportunity. You’ll protect yourself and save yourself a lot of frustration. There are great opportunities out there.

[tags]home business review,home business opportunities,home business scam,stay at home business[/tags]

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5 Responses

  1. Jenny says:

    I have been wanting to have an at home business. But I’m always too afraid to look at the stuff because of the scam things. I’ll start looking at it more closely and doing what you said. 🙂

  2. Laura says:

    You make an excellent point here! It is important to examine each new home business opportunity carefully and not to be taken in by promises of instant riches. There are a lot of scams out there. Your advice will help people filter out the offers that aren’t genuine.

  3. We must have been thinking about the same topic the other day. Fortunately, before I wrote my list of tips to consider when evaluating a home opportunity, I ran into your posting here. It is excellent. Althought we taking the same topic from different perspective, I thought my readers would really benefit from what you had to say and added a link in my story. All the Best! — Frank

  4. Veronica says:

    There are so many businesses on the web that offer great returns and yet I am so worried to try them. I like what you have to say and will take them into account when making decisions, PS I like your style and simplicity of explaining to us laymans.

  1. July 18, 2007

    […] My visit to Stephanie Foster’s blog, Home With The Kids, was a real treat. After looking over the front yard for a while, I read her piece on How Should You Review a Stay at Home Business Opporunity. […]