Even in a recession there is a lot of weighing that must be done before deciding that a home business opportunity cost, would be less than that of an actual business.
Even if you're not the one wondering, it will help you when you speak to prospects to have an idea of the money you're saving yourself, by selling someone else's products.
Here are just a few of the costs involved in working a business outside the home:
1) Product creation expenses. In almost any industry (with the possible exception of certain service industries) there is the expense of creating products that must be considered before anything else. Without a product or service you have nothing to offer and no reason to go into business.
2) Building. Oddly enough, the building itself (rent, mortgage, construction costs, etc.) may be a drop in the bucket compared to maintenance, lighting, heating, plumbing, running water, and countless other things that are necessary for the building you'd be working in or selling from.
3) Packaging. Not only do you need to create the product you're going to sell but you need to spend some time, money, and material into creating packaging for these products that are going to be eye catching and appropriate for the product, product name, and product use.
4) Research and development for future products. While it might be tempting to bank on one single product the honest answer is that you need to be creating new products or improvements to your existing products even as your primary product is rolling off the assembly line.
Research and development often do not come cheap so make sure you invest a good portion of your income each month back into your business for the purpose of R&D.
These are only some of the expenses involved in a brick and mortar business. Think of these things as you measure the Business Opportunity Cost of an Online Business.
TESTIMONY
𝐈 𝐚𝐦 𝐩𝐫𝐨𝐨𝐟 𝐭𝐡𝐚𝐭 𝐖𝐇𝐀𝐓 𝐆𝐎𝐃 𝐂𝐀𝐍𝐍𝐎𝐓 𝐃𝐎 𝐃𝐎𝐄𝐒 𝐍𝐎𝐓 𝐄𝐗𝐈𝐓!
I am a stay at home MOM with two young PRINCESSES and I made $14,010…in ONE WEEK…I am ONE year in this business and I started with ZERO experience about working online!
A year ago when I started this business, all I wanted was to stay home with my kids and have just enough to support my family. Little did I know that God’s plan for me is wayyy bigger than what I could even imagine .
I’m posting this today not to brag BUT to inspire even ONE person to know that our business is REAL . Before starting this business, I worked as a Supervisor for NYC Finance Dept. ( I fired them already by the way ).
My income from this week alone was my 5 months salary as an employee all while missing out on my kids' milestones, getting stressed out everyday, not eating healthy or having time to exercise (which I really love to do) , and the PAINFUL part was still living from paycheck to paycheck.
Thank God today my REALITY has changed FOREVER! Don’t get me wrong as this is NOT a get rich quick business, NOPE! I took massive ACTIONS, I followed the TRAINING, I was CONSISTENT, I was COACHABLE, I was PATIENT, I saw any OBSTACLES as my BIGGEST MOTIVATION and I always remembered my “WHY”. All of these I still do.
I want to say a HUGE THANK YOU to God for bringing me this far, to my beautiful Coach, I will never get tired of thanking you mama.
To my team ABOVE and BEYOND…Thank you…you all know how I feel about each and every one of you…you all are the real MVP …Let’s keep flying HIGHER … to MDL…omg …
Thank you sooo much for your kind souls ….to all the back end ANGELS powering our AMAZING systems for us ALL…THANK YOU… to everyone that I’ve reached out to for guidance….THANK YOU!
To anyone here who is reading this and have not yet started your business, please I am begging you for you…kick whatever it is that is stopping you in the behind and dump it in the trash where it’s belongs.
All I can say is that you are delaying your BLESSINGS by each passing day you are here watching us PROSPER in this Business.
REGISTER FOR THE PRESENTATION HERE
Please reach out to your mentor/coach for the next steps in starting your business….BIKO! (Please)!
THANK YOU LORD …You have a Daughter for life!
“Disclaimer: This is a result of tremendous dedication, putting in lots of time and effort in their business. Everyone's journey is different. You get a result that matches the amount of time and effort that you spend on your own business.”
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