Green Kid Crafts Delivered Right to your Door

Our Blog

Why You Should Send Your Child Back to School With Allergy Labels

Even though families across the country are at home during the COVID-19 quarantine seemingly for months, it is important to remember that life will eventually return to normal. That means schools, daycares, playdates, and summer camps will eventually be in full swing again and it is critical to be prepared. Not only will our…

4 Romantic Birthday Gifts from Oil Painting Pictures

Couple portrait on canvas by a professional art studio created in a bold, realistic style

A romantic gift can make the difference between an ordinary flat night and an extraordinary evening with your mate. If your lover last year wowed you with their thoughtfulness or if you want to steal the moment with a dramatic gesture, there is a romantic birthday gift for even the most serious and practical.

When choosing the ideal birthday gift, the rule is to be thoughtful and confidently give…

8 Awesome Ways Your Teens Can Cope With the COVID-19 Quarantine

Now that much of the country is under heavy quarantine, parents are desperate for ideas about how to keep their kids busy and still learning. That's true from their little ones to their teens. Across the Net there have been a ton of ideas for little kids, but what about teens? Cabin fever will set in on them a little quicker because they are used to more…


Learn More About the MightyFix One Simple Change Each Month




merkaela wellness subscription box


Have you ever seen an ad with one of these selling points?
  • now is the right time to get into this opportunity
  • this product is hot right now!
  • ground floor opportunity
What does that mean? 

It means that a new company feels that in order to benefit from the company's projected growth, you need to get in now.  The people who will benefit most are those who jump in and get on board now.  In a way they are admitting that this company's growth and success will be short lived.  Which is a scary prospect that should make you look the other way.

Ever heard someone talking about business and finance say that the first one in makes all the money and the last one in loses?  That is very typical for companies who have a traditional multi level marketing (MLM) model.  In order to really "hit the big time" with most of these businesses, you would need to get in early or get left out to dry at the bottom.

Recently, more and more hype of the moment companies and products are being thrown in our faces.  A year ago it was juice companies claiming their juice would make you live longer, help you lose weight, give you more energy, and even heal your ailments.  Many people got in while these companies were supposedly "hot" and ready to take off.  For a while they were successful, but it wore off after the hype died down.

Is it possible to make money with these types of opportunities?  Of course.  If you get in when you are instructed and are one of the first few to jump in and spread the word while the product is hot, you may be able to generate a good stream of income.  But what happens when the product is no longer in huge demand?  Or if the economy starts to falter and people decide they are no longer buying extravagant things, only necessities?  That income generating opportunity is over.  And if there was any investment involved that is gone as well. 

Some advice for when you read claims of a product or new business opportunity being: hot, hype, or the best time to get in, is run.  Get as far away from that opportunity as possible.  Don't get tempted by the promises or lingo.  If you are interested in generating some new streams of income and are looking at a new business venture here are a few quick tips. 

Find a company or opportunity with history.  Not all new businesses are hype or destined to fail, but your odds of finding something that will give you success for the long term are better with a company with history and longevity.

Check the company's rating with the Better Business Bureau (BBB).  Legitimate companies with nothing to hide will have an entry on the BBB website.  Read through their positive comments, their complaint history, and the results of how those complaints were handled.

Look at the company's growth and revenue statistics.  Has the company grown every year since being in business with only a few dips in revenue?  Is the company strapped with large amounts of debt or filed for bankruptcy?  Starting a business with a company that has steadily increased revenue and is debt free can help ensure you will have lasting income.

What product or service are they putting out; is it luxury or necessity?  Over the past 2 years, the economy has forced people to make budgets and stick to them, and stop buying anything that wasn't a necessity or that they couldn't pay for with cash.  Only get involved with businesses that offer something everyone needs and uses, no matter how their current financial situation appears.

How do you feel when you hear of an opportunity that is "hot right now?"

Views: 34

Reply to This

© 2020   Created by Mom Bloggers Club.   Powered by

Badges  |  Report an Issue  |  Terms of Service