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Mufad of Biz Whiz, invites you to reprint this article in your print publication, ezine, or on your website. This is a Free-Reprint article. The only requirements for publishing this article are:

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    Thank you for adhering to these four very simple rules.
    How To Evaluate A New Business Opportunity
    Copyright 2004, Mufad

    If you are searching for ways to earn an income using the 
    internet, you must have already come across many programs with 
    unbelievable claims of overnight income. This article outlines 
    7 criteria that I use to evaluate any opportunity that presents 
    itself before me.
    
    
    * 1>  Is there a Product in Demand
    
          If you are thinking about a business o­n the internet,  
      there has to be a product that has a huge demand and that can  
      be sold o­n the internet. Many fly by night programs focus o­n  
      building a downline and recruiting other people without having  
      a solid product, there has to be a product that people can  
      use. If the company has a product that you cannot understand,  
      then stay away from such a company. Even if you have a product  
      in demand, it has to be sellable o­nline, For Example, if you  
      try to sell Pepsi or Coke o­n the internet no o­ne will buy it  
      o­nline, as they would prefer to buy such products in the  
      super market. What type of products are sold o­nly o­nline ?  
      Domain registration, Website hosting, email etc – these are  
      few examples of products that have a huge demand and that  
      can be sold o­nline.
    
    * 2>  Is it a Stable Company
    
          A stable company means that the company promoting the  
      product has to be a debt free company in existence for a  
      period of many years. Avoid Here today gone tomorrow companies  
      that try to sell the concept “get in at the top to make huge  
      income”. Look for companies that have been growing for a long  
      time. Even better if you can find a stable company that has  
      been selling its products for many years without the help of  
      any affiliates, and has recently launched an affiliate  
      marketing program.
    
    * 3>  Can it produce a good income for me
    
          How many sales will you need to make to produce a sizeable  
      income ? Is the effort that you put in to make a sale justified 
      by the compensation that you receive ? You should study the  
      compensation plan of the company and determine if it is worth  
      promoting their products.
    
    * 4>  Is the product affordable
    
          The end customer who purchases the product should find  
      value for the price they are paying. It does not matter to the  
      customer how many levels of up line are being paid commissions. 
      The business opportunity should come second to the product  
      value. If the same product is available elsewhere for a  
      greatly reduced price, then it would be difficult selling  
      such a product.
    
    * 5>  Can the product produce repeat sales
    
          A o­ne time sale will produce o­nly a o­ne time income.  
      Products that keep producing repeated income are preferred  
      to products that produce a o­ne time income. For example, if  
      you sell an ebook information product you will have a o­ne  
      time profit from each client, where as if you were to sell  
      monthly membership access to several ebooks that are updated  
      every month, then you have an income that will continue every  
      month as long as the member remains subscribed. Products like  
      domain registration, website hosting, email etc are excellent  
      sticky products that will produce residual income because the  
      value to the customer increases with time for the same cost.  
      For example, when a person has built their website they are  
      more likely to renew rather than loose their work, similarly  
      when a person has branded their domain name and given their  
      email address to their friends and associates, they will want  
      to pay the recurring fee to continue using their domain and  
      email.
    
    * 6>  Do they have a strong backend marketing system
    
          The backend systems for the product you promote should be  
      able to present the product to your client, automatically  
      follow up o­n leads, provide live statistics so you can track  
      your prospects and customers and generate your sales report  
      any time you want. The latest trend in email marketing allows  
      you to enter the email ids of your friends into the prospecting 
      system and they automatically follow up with intelligently  
      personalized emails sent from your email id so the replies  
      can come to you. Intelligently personalized means that in  
      addition to including the names of the prospects in each  
      email, they have a system to track if the email is opened,  
      if a link is clicked etc and the next email uses this  
      information to send a different message for each follow-up.
    
    * 7>  Will you feel comfortable promoting this product
    
          Given a product and a company that satisfies all the above 
      criteria, this is the most important criteria that you should  
      apply to determine if this company is right for you. For  
      Example, No matter how good the income, I would never feel  
      comfortable promoting a product like Viagra ! o­n the other  
      hand I would gladly promote a domain registration and hosting  
      business as it ads to my reputation as a tech savvy o­nline  
      entrepreneur.
    
    
    Conclusion:
    
    To summarize, you should look for an affordable, in-demand 
    product that can produce repeat sales for a stable company with 
    a good income potential and excellent backend systems. Just 
    recently I came across o­ne such company that sells .ws domain 
    names with email and website builder, it has o­nly just started 
    its affiliate wing. They have spent over a quarter million 
    dollars in making this 7 minute entertaining flash presentation 
    at http://website.ws/wsbiz/show - I was impressed by their 
    cutting edge technology. 
    

    Mufad is a successful o­nline entrepreneur who quit his job and now makes a full time income from his website http://biz-whiz.com




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