Wednesday, October 21, 2009

How much money should you put into a start up home party business before you quit it?

I am speaking of a business such as Avon or Tupperware. If it is only part time, how much money is worth investing?

How much money should you put into a start up home party business before you quit it?
Maximum $200. You should look to make money in the first month from your investment in the initial stock. If not, turn and run.
Reply:If it's Tupperware or Avon I don't see why you should have to invest any money most people unless they are aliens has heard of both and it shouldn't cost you a thing because a friend of a friend of a friend has been buying it for years and swears by it!!!! Report Abuse

Reply:Why do you people answer questions you know nothing about? These are horrible answers! In what country can you start a successful, worthwhile income producing business for $200?!?!?! E-mail me, I'd love to show you what a worthwhile company looks like! -Amber, ALsilverjewelry@yahoo.com Report Abuse

Reply:It really depends on how hard you plan to work on this venture. This types of businesses depend soley on how frequently you hold parties.





I'd say put in about 500.00, hold a couple of parties and judge from there.
Reply:This depends on you as to how far you go in this business. If you put the word quit in your question then you are on the road to fail.


It takes a certain composition person to do the business that you are talking about.





Your Personality: You need to be friendly and out going. You should be a person that people want to talk to.





How you feel about the product: The more you are crazy about the product the more you can not wait to tell others why they should have it. If Tupperware or Avon products are not your cup of tea than maybe there is something else that you are nuts about. If you had the time what would you rather be doing right now? Whatever your happiest at doing find a way to sell it.





If you are like the person described above than the sky is the limit. You will figure out how much to put into it.





I hope you are successful in whatever you decide to do. Lets say you just had a conversation with Dad. I am, going to have a Happy Fathers Day.
Reply:Check with dsa.org they will tell you what "legally" people should be putting in home businesses. Some home business will tell you need to invest $2,000 however, that is against the rules. Spend what you can afford. don't go into the whole!
Reply:No easy answer to this question. How much debt do you currently carry? How much liquid cash to you have available? How long (months) are you committed to building the business?





Think of it like gambling. How much would you set aside as absolutely disposable - in other words, if you were to lose your whole stake, could you still live comfortably without incurring any more personal debt? That number should be the amount you can invest in this home business of yours.
Reply:Ask yourself how much money you could afford to LOSE before getting into a home-based business. $100? $500? $1,000? $5,000? You will lose money at first. All businesses lose money at first.





How much can you afford to lose before the possibility of profit kicks in? Remember, commission cheques aren't PROFIT. For the first months/year you are just recouping your investment.





The more you can invest, the more likely you are to make a profit because you will be able to buy all the latest promo materials and attend conferences and buy lots of product yourself.





If you have money to invest and see this as a business venture you are less likely to end up in trouble. If you are someone who has little/no capital to start with, a home-based business will likely drain your resources even further. Believe me, I know this from experience.





Do your friends have money to spend? Often, home-based businesses recommend you start with friends, family and co-workers. Do these people in your life have money to spend on discretionary items?





Also, take into account your personality and sense of ethics. I am an extremely out-going person and can sell something I truly believe in but when the company I was involved with came out with herbal breast enhancer that was it for me. I could not sell it.





Don't forget that "time is money." Home businesses take an enormous amount of time: selling; ordering; receiving; delivering; record keeping, etc. Can you invest hundreds of hours before you get a return?





I know one person who has made a good success out of a home-based business and I know a dozen who haven't. The odds are against you - but if you have time and money to invest, have an outgoing personality and tons of determination - then you will have a better chance for success


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