Posts Tagged Retail Profits

Is there such a thing as a best home based business? Of course not! There probably is a best home based business for you though, and it isn’t necessarily the same one as for me or the next person. If the best company for me is also the best one for you, it will probably be for a different reason.

So how to do you figure out the best home based business for you?

Start with your passions. What do you enjoy? If you enjoy sending cards then a card company may be better for you than a wellness company. If you like collecting coins and gold, there are gold coin companies. If you have a passion for wellness, there are more network marketing wellness companies than you could possibly imagine: nutrition supplements, energy drinks, food products, energy-based products. So, decide what your passions are and do a search for companies in that market.

Once you have a list of companies, you need to look at other criteria to narrow your choices. One thing I’ve noticed lately is that there are a lot of brand new companies, so one way to weed out the ones that aren’t right is to decide if you can handle the risks of a brand new company or if you prefer the relative security of an established one. For me, I went with a company that has been around for 35 years.

An obvious thing to look at is the compensation plan. Is it set up in a way that you can make money. If you are going to be slower in building a team then you want a company that will let you make money from retail profits. When looking at selling product, do you have to focus on selling autoship programs or can you make one-time sales to customers. If you know that you can quickly build a team then you might look for a compensation plan that rewards that. Another aspect of the compensation plan is how often you get paid. Some are monthly, weekly, or even daily for different activities. The company I chose pays monthly and offers good retail profits for one-time sales. Great for someone who builds a team slowly.

What kind of support are you going to get either from your upline or from the company? The high ranking people in some companies have nothing to do with new people where other companies they offer any help you need.  If you are someone who would like the support of an upline then make sure that you will have that available when you join. The team that I am with in my company offers all of the support and training that a person could want.

A little about what makes Nikken the best home based business for me.

I am a massage therapist and wellness is a passion of mine, so I chose to go with a wellness company. As I said earlier, there are a lot of wellness companies out there, but most of them seem to focus on one area, like supplements, energy drinks, or whatever. I wanted something with a more general approach to wellness so that I can have a wider customer pool. While the company I chose, Nikken, does offer nutritional supplements, supplements aren’t the only product or even the primary product. Nikken offers products that help with sleep, nutrition, air and water filtration, and offer aid to help relaxation and relieve discomfort. There’s something there for everyone.

As I already said, Nikken has been around a long time. They are celebrating 35 years in 2010 and celebrated 20 years in the US last year. They are very well established with no debt and plenty of operating capital. In other words, a very healthy company.

The compensation plan offers an excellent retail profit as well as additional commission based on rank. You increase in rank at first by selling product then later by bringing more people onto your team. This lets you make money and increase in rank immediately while slowly building your team, which makes this a great option for someone new to network marketing. Nikken pays out every month on the 15th.

Finally, what kind of support does Nikken offer? A lot actually. They have a personal growth seminar and a business training seminar that everyone is required to attend before they reach Silver, so it isn’t an immediate requirement. They also offer monthly corporate calls, quarterly events, and an annual convention to keep everyone up to date with what is going on. The team that I am on goes all the way up to 2 of the highest paid consultants in Nikken and I have had the opportunity to meet them and had an hour of one-on-one time with one of them (not bad considering that we live in opposite corners of the country). My local Royal Diamond has weekly meetings at their home open to anyone, in their downline or not. It is a very open culture.

Feel free to check out Nikken, ask me questions, and join my team if this looks like the best home based business for you.

Wayne Woodworth
Network Marketing by Passion

Tags: Best Home Based Business, Choices, Collecting Coins, Compensation Plan, Energy Drinks, Food Products, Gold Coin, Home-Based Business, Network Marketing, Network Marketing Companies, Nikken, Nutrition Supplements, Passion, Passions, Reason, Relative Security, Retail Profits, Rewards, Sending Cards, Time Sales, Wellness Company