You can pick up any “business magazine” at your local newsstand to see a glossy attractive publication designed to attract people looking for ways to make extra money, open their own business, or buy a franchise. It’s the American Dream to start your own business and become rich.
Most people have heard the saying, “Most people are too busy earning their living to make any money.” We don’t get rich working for others unless we are lucky enough to have started at Microsoft or Google early on and then made millions through stock options. American employees live paycheck to paycheck, barely having enough money to pay their daily expenses. This leaves little for investing in building wealth to retire comfortably.
You’ll find a variety of ads for different kinds of businesses in these “Biz magazines.” These advertisements range from basic “starter kits”, which cost around $29, to more expensive franchises that cost $100,000 or more. Most people don’t have the capital necessary to open a franchise. Franchise fees can be prohibitive. They can run into the thousands for smaller businesses and several hundred thousand for larger companies. This does not include the cost of opening the doors to business and view more at Tokla App.
The other end of this scale is where most people know that “business-in-a-box” and cheap starter kits are garbage. Many medium-priced business ideas can be used to start a business. These range from $500 on the lower end to $10,000 at the top. These are “pre-packaged business opportunities”.
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Pre-packaged businesses are often a waste of time and money.
I will use windshield repair to illustrate this point. I am looking at an advertisement for a training program, which costs $3,000 and includes starter materials, as I write this. If you don’t understand what I mean, small chips, cracks or holes can be fixed using a liquid that seals and repairs imperfections. This is much more affordable than replacing a whole windshield. This is why it’s a great opportunity to start a business to help people save money on windshield repairs and view more news at The Today Talk .
Many people would be interested in such a “business opportunity”, including people who love cars and know a lot about auto repair. This particular opportunity has existed for many decades because it is attractive to so many people.
Here’s the truth. Is it realistic to expect to spend $3,000 on materials and training to get started in windshield repair, then to put up a sign and start making money immediately? No! Pre-packaged business opportunities have one major flaw.you still need to market the product/service on your own.
Let’s look closer at windshield repair.
Let’s assume that your goal is to earn $50,000 annually in net income. Assuming that you charge $50 for a windshield repair and the material cost is $10, you will make a $40 gross profit. You would need to fix 1,250 windshields each year to make $50,000. This equates to over 100 windshield repairs per month. To reach your income goal, you would need to continue this pattern month after month. This translates to approximately 3-5 repairs per hour, depending on how many work days you have.
It would be great if there were 1,250 cars waiting to be repaired down the road.
The real problem is finding those 1,250 cars, and then selling them to your service. This means that you don’t have a windshield repair job. It’s a sales job. You will spend most of your time looking for business. It will not be possible to find one car at once. You will need to open fleet accounts with major car dealers, auto repair shops and car rental agencies. You can bet that other people, some of whom purchased the same pre-packaged company as you, have also sought out the same companies to repair their windshields.
Again, you are really only looking for a job in sales.
If this were a profitable business, the company that sold you the opportunity would not make all their profits selling pre-packaged products to people like you. Instead, they would be making money by selling windshield repair directly to fleet accounts nationwide and rolling out the service all over the country. They know there’s more to make in the BizOpp industry, and they are willing to take advantage of people who dream of owning their own business.
This is a clear message that any pre-packaged business opportunity selling in the $500-10,000 range is usually worthless and a complete waste both of your time, and your money. These numbers should not be considered as a guideline. You must use your best judgment when evaluating business opportunities. A pre-packaged “hot” opportunity that sells for over $10,000 does not necessarily mean it is legitimate. Many rip-offs are much more expensive than this. These rip-offs are generally targeted at people who don’t have the financial means to start a business. The packages are designed to maximize the amount of people who can afford them.
Pre-packaged opportunities are not the best way to start your own business.
However, it might seem like a simple solution to your problem, the fact that this business is being sold packaged means that there is no real money without hard selling. It’s better to do your research and come up with your own ideas for business. Then test them with small ads to determine if they have any potential. This is how most businesses start. If you don’t read the Biz magazines, your chances of success in business and self-employment will be much greater.
