All posts by HomeBusinessOptions

Best home business ideas

The Top 20 Home Business Ideas for 2020

There has never been a better place and time to start a home based business than right here and right now!

It is no coincidence almost 10% of the Australian population is currently adding to their income from home.

The digital age enables almost anyone to start a home business or side business.

In this article we will outline some of the benefits of working from home, as well as providing a list of the 20 best home business ideas for Australians we could find, plus a bonus 10 ideas that we came up with after first publishng the article as well – 30 great ideas all up!

Reasons to start a home based business in Australia

Most of us work to get the bills paid. Obviously, making money from home sounds like a great proposition, considering the time many of us spent commuting to our workplace.

Saving the daily travel hassle is just one of the reasons to consider starting a side business from home. Some of the other benefits include:

  • The income potential is often greater than working a normal 9-to-5 job
  • The liberty to choose your own working hours
  • Starting a home business is a true personal challenge. Many people thrive taking such an exciting new step
  • Remaining close to family and friends and being able to plan social events around work, not vice versa

This is by no means an extensive list of reasons, but it surely goes to show that setting up a business from home is a smart thing to think about!

How to earn money from home

In general, we can outline four different ways to earn an income online:

  • Providing services to other entrepreneurs or bigger companies through consulting
  • Different forms of marketing, like MLM (multi level marketing) or network marketing. Party planning is also considered a form of marketing
  • A more traditional form of a brick-and-mortar business, selling goods or services to consumers
  • Making money online by providing online based services, for example: affiliate marketing, search engine optimization, website design. This list is almost endless!

20 Best Home Business Ideas 2020

1. Rideshare

This is a hot new business idea that anyone with a vehicle can start in 2020! The best options currently in Australia are Uber, DiDi, Ola and if you have a scooter, you could try Scooti!

2. Deliver food

What a great way to get paid and keep fit at the same time! Food delivery, much like Rideshare, allows you to provide a service to Australians that is growing rapidly in popularity! The current best options are UberEats and Deliveroo.

3. Party plan

In a way, these are much like network marketing businesses (see below). The idea is to organise a party where you can demonstrate and sell a certain product. Well-known examples include Thermomix and Tupperware parties. We reviewed the best options here.

4. Multi Level Marketing (MLM)

The idea here is form your own network of re-sellers by becoming a representative of a goods or services business. You will then go out and recruit other people to form a similar network. For every sale they make, you will get a commission. You might have heard of big network marketing players like Herbalife, but there are many more to choose from. A lot of people are already having a lot of success with this form of home business, earning a wonderful income. Read our network marketing australia guide.

5. Home based service business

If you have been schooled in any trade job, you can earn a very decent amount of money while still enjoying the benefits of a home based business. You are never too old to learn, so consider taking up an internship or study at your own pace to become a service provider like a plumber or installation expert. If this is not an option, you could provide home cleaning services to people who do not have the proper time to do these chores (often because they are too busy at their 9-to-5 job).

6. Become a bookkeeper

For many entrepreneurs, bookkeeping is one of the most boring and daunting tasks to keep up with. If you have any numerical talent and interest, there are tons of businesses that would like you to help out with their books. Be sure to check if there are any diplomas or prerequisites. There are many courses to enable you to become a bookkeeper in no time flat.

7. Make and sell crafts

Any talents in the painting, sewing, wood cutting, or knitting department? These are just some of the examples of creativity with the potential to source a home based income. Your first customer base will likely be your own social circle, but it can easily be expanded selling at local markets (see below) or through a website. You can build your own website for this purpose, or sell through big online players like Amazon.

8. Sell at markets, fetes and fairs

Just a glance in the local newspaper will reveal many opportunities to sell your own handicrafts, mostly during the weekends. Not a creator? There are many opportunities online to buy products at wholesale prices, which you can then sell at normal prices during on of these events. It should not be too expensive to get a stand at any of these; prices normally range from $20 to $80. Tip: it is easier to make a nice side income with medium priced items, in the $30-$200 price range. Anything lower than that and you might struggle to recoup your initial investment on a slow day.

9. Offer massage therapy

If you like to help people relax – many need it after another day at their tiring regular job! Becoming a massage therapist could be the right fit. You will need some skills of course, but luckily these are pretty easy to pick up with many part time courses available. Look online for certification. You will also need to invest in equipment, like a massage bed or stool, alongside some interior preparation for your practice. All in all, this should not set you back further than $1000. Considering an hourly rate of up to $70, it will all be in a week’s work to more than recoup your initial costs. There is more than one example of massage home businesses doing really well, really quickly.

10. Become a personal trainer

Never out of demand, the personal fitness business is a great market to go into. Qualification should not take more than two months, and once you have your accreditation, the flexibility of being a personal trainer is awesome. There is no need to be a gym owner or even be employed by one of the thousands of gyms across Australia: you can train clients at your or their home, or even better, train them outside! Moreover, you will be helping people improve their health. Quite the nice way to get paid!

11. Bicycle repair

It can be a bit seasonal, but setting up your own bike repair shop in the garage or in a storage unit is a great idea if you know the nuts and bolts of bicycle technicalities. You should strive to add some real cycling enthusiasts to your customer base for year-round service, as they have no problem frolicking around in snow and rain.

12. Sport coach

If you are an experienced golfer for example, (or any other sport with a private training market, you can set up a flexible training schedule with interested clients. One benefit is the possibility to move into the corporate world, thereby greatly increasing your hourly rate. Do keep in mind though you have to be an above average skill set in the given sport to make this work. Also, you will need to be able to inspire and motivate people, as well as be willing to cater to very different types of personalities.

13. Sell goods online

Australians are keen to shop online. It is never a bad idea to claim your piece of the pie in this ever growing market. There are many ways to set up your own online store. You can sell the aforementioned creative products, or source a product via an online wholesaler. There are a myriad of drop-shipping options as well, which can decrease the workload and make it easier to scale your efforts.

14. Social media management

Companies recognize the need for an effective social media presence and will pay you to update their Facebook, Twitter and LinkedIn pages.

15. Search engine optimisation

A better ranking in the search engines equals more visitors equals more customers. There are many ways to get schooled in SEO, and it is a great service to be able to provide.

16. Website designer

You will be surprised how many companies (especially small ones) often do not yet have a decent website. This is where you come in. Tip: mobile compatibility is a prime requirement for websites these days. Use that to your advantage!

17. Own a website

Building your own website (or investing in one) can bring in a nice side income by placing ads, or becoming an affiliate for products and services. Visitors will click these ads and make you money (often even when you sleep). Many online entrepreneurs have been able to attain a more than comfortable income following this business model. Check out NichePursuits.com for some helpful tips!

18. Affiliate marketing

This is one of the ways to monetise your own website, but it merits being mentioned on its own. You can also do this without your own site, e.g. through email marketing or using a platform like Amazon.

19. Become a blogger

Write about a niche that interests you and build a following. This will enable you to monetise your writing through ads or endorsements. A fantastic example is Constance Hall. Love her or hate her, she is a fantastic example!

20. Freelance writer

If you do not want to blog you can turn your quick pen into a money maker by writing content for the sites of other businesses. You can sign up to become a writer at sites like iWriter or Upwork.

10 More Ideas To Try!

Well, we’ve added to the list of ideas over time so rather than stopping at 20, we thought we’d give you 10 more options to consider. There are some many fantastic home business options to try!

  1. Freelance graphic designer: Creativity can manifest itself in more than one way: if you are the designer type there is definitely money from home to be made. Upwork is a great place to start.
  2. Translation services: If you happen to be fluent in another language, you could make a good living by providing translation services at a site like Rev.com.
  3. Invest in property: Before you worry about having to come up with thousands of dollars, take a look at BrickX.com and see what you think! Invest for as little as $50.
  4. Share trading: As with property investing, you don’t need thousands to get started. Check out SelfWealth.com.au for an initial concept.
  5. Do people’s tax returns: You can charge well over $60, and often three or four times that amount to small business owners if you become accredited to do tax returns. Imagine just doing one return per week for clients… It all adds up to a great business from home!
  6. Do hairdressing from home: Got a flair for hairstyles? Why not get your hairdresser qualifications!
  7. Clean houses: It may not be glamorous, but many people simply do not have the time or inclination to clean their own house. You can typically get $25-$30 per hour cleaning. It’s flexible, requires no skill and just a handful of clients can really add up to a great income!
  8. Look after children: Got friends who have to pay an arm and a leg for childcare? Why not offer to look after their children for a small fee?
  9. Gardening: Similar to home cleaning, many working families struggle to fit in time for gardening. There’s a definite gap in the market there for you to explore!
  10. Create an online course: Got a skill? Document it into an online course. Side Hustle Nation has a fantastic resource.

This concludes our list of the top 20 home business ideas for Australians.

We hope we have given you enough information to get started. The most important thing is to take action: the only place where work comes after success is in the dictionary. Start your own home business today!

Onecoin Australia Review

OneCoin Business Opportunity Review: Should You Get Involved With Cryptocurrency?

OneCoin is a website that has been providing millions of people profit-generating opportunities without the high cost for many years. It is an online business that connects people to the financial world with adequate support.

With cryptocurrency, OneCoin has successfully established a strong client base across the globe since its inception in 2014. This company review will show you more information about this online business and how customers make money through cryptocurrency.

OneCoin Review

OneCoin offers people a great way for them to earn money online. It uses a digital currency based on cryptography. The coins are produced through “mining.” Each coin is unique, just like the real thing. The OneCoins are not issued by the government, which allows the company to create a finite number of digital coins to make sure that they are not affected by inflation. It makes them impossible to counterfeit, as well.

The cryptocurrencies are not, in any way, tied to the central bank or to any country. This is why a coin’s value will depend on factors, such as demand, supply, and usability. All users are seen to become part of a global network of miners who are free to choose among the many different ways of using the coins.

You can mine the digital coin, and hold on to its value. Another way is to engage in financial transactions with other people anywhere around the globe. OneCoin’s blockchain is designed to establish an industry standard by keeping customer information secure, and meeting the various needs of customers and merchants.

More about OneCoin

OneCoin, based on its website, aims to promote a positive change and offer faster and inexpensive financial services to people around the globe. It claims its compliance with all the government regulations to ensure a sound and transparent business. The online company was found by Dr. Ruja Ignatova. Since its inception, OneCoin is now the second largest cryptocurrency worldwide.

Ignatova, who is also the company’s CEO, runs the IT operations in Bulgaria. She has a strong background in both finance and baking. Ignatova has also worked with large companies, such as McKinsey and Company, Deutsche Bank, different asset management funds, and more. OneCoin was created in 2014. On that same year, she was also introduced to Pahr Karlsson and Juga Parhiala, who are now the top producers with more than $4 million in profit every month.

OneCoin now has more than 1.4 million online users. The company, since its inception, has made more than a billion in global sales (cumulative).

Signing up with OneCoin

Joining OneCoin is free, but you have to avail of the packages to get started. These packages start from 100 Euros, and can go as high as 18,800 Euros. Users must create an account before they can use the digital coins, provided that they have received an invitation from a OneCoin miner to become part of the OneLife Network.

The company offers users its education platform, the OneAcademy, the OneLife Network community, and access the Support department. Users will have the freedom to decide how they want to use their membership after the signup process. They can do coin mining, transfer money using the digital coins, or make payments. As for security, OneCoin is constantly working hard to keep user information and transactions well protected.

New members will receive an email confirmation after signing up, and an e-wallet will be created for them. Being a OneCoin user, however, does not mean instant access to all products and services. Those who want full access will have to go through another application process.

OnePay

The OnePay allows users easy access to their funds. Also called the e-wallet, this platform is designed to let users manage their funds and be able to transfer money. It ensures payees that they will get their money in a timely and cost-effective manner. Payees can also enjoy choosing their preferred mode of payment: prepaid card, local bank deposit, and more.

Data security

OneCoin ensures all information, including transactions, are well-protected. Its unique security system features:

A centralized database for accounts and e-wallets. It means the database is regularly backed up to prevent data loss.

A thorough security check before the coins are transferred. The digital coins do not leave the e-wallet right away to prevent hackers from stealing them. It assures users that their money will not go anywhere without their consent.

An HTTPS certificate that prevents unauthorized people from gaining access to the website and the system.

Verdict – Is OneCoin A Scam?

OneCoin is an online business that offers money-making opportunities to people across the globe. It features a unique security system that keeps all types of information and transactions protected against data loss and hackers. OneCoin has only been in the World Wide Web for a few years, but its presence has impacted so many people who are looking for earning opportunities without needing to leave their rooms. The company has a strong reputation to protect, which means that it is a legit business worth considering.

Le-Vel Review

Le-Vel Review: Is This A Legitimate Business Opportunity?

Le-Vel is a multi-level marketing company that offers nutritional supplements, protein shakes, and multivitamins. All of their products are under the brand name, “Thrive.” The company helps promote health and fitness for both men and women across the globe. They also provide business opportunities for people who want to enjoy the benefits of their products, while earning money through network marketing. Are you one of these people? Read on.

Le-Vel Review

Le-Vel promotes itself as a premium lifestyle company. It is a relatively new company in the industry. Le-Vel was founded by three network marketing veterans in 2013: Justin Rouleau, Paul Gravette, and Jason Camper.

Le-Vel products

The company’s Thrive product line has five different products, such as:

  • Thrive For Men: Multivitamins for men
  • Thrive For Women: Multivitamins for women
  • The Lifestyle Mix: Protein powder for men and women
  • The Lifestyle DFT: Skin patch that uses Derma Fusion Technology to quickly deliver nutrients and vitamins to your bloodstream.
  • Black Label DFT: The latest Thrive product that offers more than the standard DFT.

The DFT promises to send vitamins and nutrients as quickly as possible into your bloodstream through an adhesive skin patch.

Le-Vel business opportunity

Becoming part of Le-Vel will only take you three steps:

  • Enroll as a “Brand Promoter”
  • Get qualified with 100 PV, either cumulative or at once
  • Stay active with 100 PV monthly (customer orders or personal)

There are also two pay periods:

  • Weekly: you receive paid commissions for the sales that you and your team make throughout the week.
  • Monthly: You receive paid commissions for the sales you and your team make each month.

Le-Vel Compensation Plan

The compensation plan has several categories:

1: Retail Sales

Brand promotes can each earn 20 percent BV of their retail sales. They can also earn a percentage from the retail sales generated by their respective downlines. However, you have to understand that the BV from retail sales is 50 percent of the retail price, meaning you will receive:

  • 10% of your retail sales
  • 6% from level one sales
  • 2% of level two sales
  • 2% of level three sales

2: Vanishing Autoship

You can receive free Thrive products each month when you enrol two customers in your autoship program. You will also get a credit that is equivalent to the average of your two highest retail autoship orders.

The autoship is when customers purchase Thrive products from you, with an option to receive a discount when they place their orders on autoship. It means they will have the same order placed each month on the fifth, 15th, or 25th. They can cancel the autoship order any time, in case they decide to halt the autoship.

3: Infinity Fast Start

You can earn bonuses from your downline when they choose to buy one of the four upgrade packages:

  • Thrive Pack ($100)
  • Starters Pack ($200)
  • Promoters Pack ($400)
  • VIP Pack ($800)

4: Infinity Fast Start Match

You can get a 10 percent match of the commissions on your enrolled promoters. You must have two qualified and active promoters to qualify.

5: Fast Start Match Accelerator

Same as infinity fast start match, but you can earn 20 percent, instead of 10 percent. However, you must have eight enrolled qualified and active promoters, and hit the rank of 4K VIP and up.

6: GO VIP Bonuses

VIP 800: you can get a $100 Thrive credit, $400 bonus, and fast start bonuses when you get qualified and active, get two new autoship clients, and enrol at least two promoters with upgrade packages.

VIP 1600: you can get $100 Thrive credit, $400 bonus (additional), and fast start bonuses when you get qualified and active, get four new autoship clients, and enrol at least four promotes with upgrade packages.

7: iPad Mini Bonus

You can get an iPad Mini when you hit 4,000 Qualifying Volume (QV) within your first month as a promoter.

8: Uni-Level Team Commissions

You can receive up to eight percent PV in each placement tree level (up to eight levels deep).

9: Team Commissions Matching Bonus

10: VIP Auto Bonus

You can receive $800 of monthly bonus toward a black or white: Mercedes, BMW, Cadillac, or Lexus. You must hit and maintain 12K VIP and up to receive this bonus.

11: Lifestyle Getaways

Hit the 40K VIP and up, and you will get to enjoy trips to several places in the United States and abroad.

12: Waiting Room

Enrolling a promoter will automatically place them in your waiting room for about 60 days. During this period, you can place them under other promoters to help build your team.

Verdict – Is Le-Vel Legit?

Le-Vel is a legit MLM company, and is not a scam. However, you have to sponsor tons of people in order to earn serious money. If you have the right skill sets, then this could be the business opportunity for you.

Inner Origin MLM Review

Inner Origin Review: Is Inner Origin Australia A Scam?

Inner Origin is a health and wellness marketplace that helps consumers find the right products and avoid the fake ones. A lot of people have no idea on what products can help them become and stay healthy. There are products out there that are promoted as healthy alternatives, but have hidden ingredients that are not on the label.

False advertising has become rampant, which is why this multi-level marketing company was born. They do not only offer genuinely healthy options, but also provide business opportunities to interested individuals. Below is a company review of Inner Origins, including its money-earning opportunities.

Inner Origin Review

Inner Origin was founded by David Nomchong, and Sally-Anne Ferguson. The company gets their products from local suppliers who have the same passion for sustainable living, as well as transparency. They do sourcing and research to make sure their customers only get the right foods.

The company wants to help people avoid quick and easy foods, like fast food and sugary snacks. They want them to ditch the unhealthy additives, and start preferring fresh and healthy foods.

Its founders have caught the attention of some of Australia’s most respected people, such as surfing legend Layne Beachley, musician Kirk Pengilly, Olympic swimmer Stephanie Rice, and popular TV celebrity Sophie Falkiner. These individuals have become Inner Origin’s ambassadors and advocates.

Inner Origin Products

The company provides people an alternative marketplace where they can get genuinely healthy products. Its mission is to bring back transparency on product labels, and allow consumers to gain easy access to nutritious products that were once only available (but expensive) in boutique companies.

The company screens all its products for the following:

  • Non-GMO
  • No added antibiotics
  • Cruelty-free
  • No added hormones
  • No BPA
  • No MSG
  • No artificial flavours or colours
  • No Nitrate
  • No preservatives
  • No fragrances
  • No petroleum

The company is strict when evaluating every single item that they wish to sell. They want to ensure that customers will only receive products that are healthy and come with truthful labels. Their items range from superfoods and grocery items to personal care, supplements, skin care, and even dental care. They also provide products for pet care, and educational books on health and wellness.

Each product is additives-free and quality-assured. Inner Origin only gets their products from local suppliers with passion for sustainable living and transparency. The company conducts thorough research on each product, so consumers will not worry about what they eat. All products are guaranteed safe and healthy.

InnerOrigin business opportunity

All Inner Origin products can be purchased online. It only offers health and wellness products that are guaranteed safe and healthy. The company’s goal is customer retention, and they do this by exposing people to a community that is empowered by local suppliers, advocates, and fellow consumers.

The advocates can enter a rewards program. They can receive a leveraged incentive every time they promote Inner Origin’s philosophy: make food your medicine. The company uses the latest technology, including effective social media strategies, to gain their target market’s attention. Customers can choose to enjoy shopping rewards or sign up as an advocate and use a mobile app to spread the word.

Is Inner Origin A Scam?

InnerOrigin is a legit network marketing company that helps people gain quick access to genuinely nutritious foods. It is normal for people to see multi-level marketing companies as a scam, but this one is an exception.

The company may be relatively new, but hundreds of people immediately became interested with their products and services. Many of them have also shown interest in becoming an advocate, and have signed up to help the company provide healthy and safe food options to people around the country.

Veridian Energy Australia Review

Viridian Energy Business Opportunity Review: Is It Legit?

Viridian Energy is one of the leading providers of affordable and responsible energy source across the United States. Since 2009, it has been helping millions of people prevent more than billions of pounds of carbon dioxide emissions using its environmental-friendly energy products.

The company is currently offering highly renewable products, such as solar power technology, to several users nationwide. They also offer business opportunities to interested individuals, and let them share the benefits of utilizing highly renewable energy to others while earning money. This article will give you a thorough review of the company, as well as its products and money-making opportunities. Read on.

Viridian Energy Review

Viridian CSO Cami Boehme shared how people have become more aware about the need for solid renewable energy to promote sustainability. She also said that the energy company’s vision is to help people appreciate renewable energy and use it. Viridian welcomes interested individuals who wish to earn money while spreading the word.

The company is run by its parent company, Crius Energy, which also handles several energy-related brands. These include Comcast Energy Rewards, FairPoint Energy, Cincinnati Bell Energy, Public Power, TriEagle Energy, and Citra Solar.

Thanks to Viridian’s Independent Associates, the company plans to make its brand known as socially responsible, and connect with more customers around the country. Viridian is committed to promoting community movement, sustainability, and worldwide initiatives. It currently provides highly renewable energy source, natural gas with carbon offsets, as well as residential solar power.

In February 2016, the company announced its plan to expand its products and services to eco-minded people in Australia.

Viridian Energy Business Opportunity

Anyone who signs up to become part of Viridian will be called an Independent Viridian Associate. The energy company will provide all the needed training, tools, and even support to help them create a business plan that will focus on offering eco-friendly energy products to customers. All associates must abide by the ethics code, based on the one issued by the Direct Selling Association.

All associates will have three packages for them to choose from:

  • Simply Right: It is a carbon-offset package that gives associates two options: pay 25 percent for energy with carbon offsets or choose to have everything go through it. The maximum is always the best way to be more eco-friendly.
  • Everyday Green: This package offers two options, as well. Associates can either choose 50 percent of renewable energy, or get the maximum at 100 percent. In this case, going for 100 percent is still the most ideal.
  • Clean and Simple Solar: This is the most expensive package. It lets associates use solar power technology at home to help them save on energy costs, and the planet.

To know which plan suits you best, you have to see which is the most feasible in your situation. The company is a network marketing company. It has different membership levels, and the joining fee ranges from $199 to $399. The signup cost will also depend on whether you want to become a distributor on one state or all states.

The product prices also vary from state to state. Viridian has a price list posted on its official website. You can maximize your income potential by focusing on all states, and not just one, especially if you are planning to build your team or sell online.

Investing in this energy business through Viridian will cost you around $600 each year or more. You will also need to pay a monthly fee to maintain the business. You can enrol as many distributors as you can.

Is Veridian Energy a Scam?

Viridian Energy is a network marketing company that offers high quality energy products to distributors and customers. Many people question the company’s credibility because of its nature of business, but this happens to any multi-level marketing companies. The good news is that Viridian is legit, and offers affordable environmental friendly energy products.

People can purchase the products at retail prices, or take advantage of the company’s business opportunities and enjoy the money-making benefits. Like any other multi-level marketing companies, the only way to succeed in this business is to establish a solid network, and sell as many products as you can. It may seem a tedious task, at first, but having the right mindset and skill sets will push you to the top.

Coinspace Australia Review

Coinspace Business Opportunity Review: Better Than Bitcoin or a Scam?

Coinspace offers people an exciting way to earn extra money through cryptocurrency. The company was registered on March 11, 2015, and was founded in Malta by Danjel Pawl. Its website, coinspace.eu, gives interested individuals access to every bit of information about the company and its services.

Coinspace Review

Anyone around the world can use Coinspace to generate profit. Read on to know more about this online business opportunity, and see for yourself whether it is legit or a scam.

Products

Coinspace has mining packages to help users earn money. Just like network marketing, all affiliates must market the affiliate membership in order to begin earning. They can start investing in the offered packages upon joining, and check out several multi-level marketing opportunities.

The following packages already include the S-Coin points:

  • Double Mine with 2000 S-Coins
  • Half Mine with S-Coins
  • Full Mine with 1000 S-Coins
  • Quarter Mine with 250 S-Coins
  • Minimum Mine with 30 S-Coins
  • Basic Mine with 100 S-Coins

According to the company, each S-Coin is equivalent to €0.5 EUR.

How Coinspace works

Affiliates must invest in one of the packages offered:

  • Half Mine with €3000 EUR
  • Double Mine with €12,000 EUR
  • Full Mine with €6000 EUR
  • Basic Mine with €700 EUR
  • Quarter Mine with €1500 EUR
  • Minimum Mine with €300 EUR

Only the Double Mine package has a 24-month validity. The rest of the packages offered will expire after 12 months. The major difference between these packages is the income potential, and this occurs through the company’s compensation plan.

Coinspace compensation plan

Affiliates can invest into one of these compensation plans:

  • Half Mine with €3000 EUR
  • Double Mine with €12,000 EUR
  • Minimum Mine with €300 EUR
  • Quarter Mine with €1500 EUR
  • Full Mine with €6000 EUR
  • Basic Mine with €700 EUR

These plans will give you a passive ROI every month. Commissions are settled each time you recruit new affiliates. Meanwhile, the residual commissions will be paid out through a binary structure. Affiliates are paid to invite new recruits who will invest in Coinspace’s attractive packages.

A commission is computed based on how much your new recruits will invest:

  • Minimum Mine – you will get €35 EUR
  • Basic Mine – you will get €84 EUR
  • Quarter Mine – you will get €180 EUR
  • Half Mine – you will get €360 EUR
  • Full Mine – you will get €720 EUR
  • Double Mine – you will get €1440 EUR

S-Coin bonuses and residual commissions

Residual commissions are paid out following a binary structure. Affiliates are on top of the binary team, and there will be two positions under it, and so on. There will always be two positions under every previous position. It only means that you can extend the binary team as deep as you can.

Each package will generate the following point values:

  • Full Mine: 1000 points
  • Double Mine: 2000 points
  • Half Mine: 500 points
  • Basic Mine: 120 points
  • Quarter Mine: 250 points
  • Minimum Mine: 50 points

The weekly investment volume will be monitored across the binary teams. An affiliate will be paid 50 percent of the volume produced by the weaker team. One point is equivalent to €1 EUR.

After the commissions have been paid out, the remaining volume in the stronger team will be carried over to the following week. Affiliates with new recruits – who will invest, of course – will earn S-Coin bonuses:

  • Royal Diamond: 125,000 S-Coins, a luxury car for keeping, a luxury trip;
  • Crown Diamond: 250,000 S-Coins, a villa or a luxury car, and a luxury trip;
  • Black Diamond: 50,000 S-Coins, a luxury car for 12 months, and a luxury trip;
  • Diamond: 15,000 S-Coins, a Rolex watch, a luxury trip, and a luxury car for 12 months;
  • Blue Diamond: 25,000 S-Coins, a luxury car for 12 months, and a luxury trip;
  • Executive Director: 6000 S-Coins, a luxury car for six months, and a MacBook Air;
  • Team Leader: 600 S-Coins, and an iPad Mini
  • Supervisor: 1800 S-Coins, luxury car for six months, and an iPhone
  • Coordinator: 300 S-Coins only

World pool shares

The world pool makes up three percent of Coinspace’s global investment volume. Only affiliates with five Black Diamond affiliates in their downlines will be eligible to earn shares. These will be given out on top of the earned points and bonuses.

Is Coinspace a Scam?

Coinspace is a legit multi-level marketing company that uses cryptocurrency to help its users earn money. The passive ROIs are paid out weekly, provided that the binary team extends continuously. This online business offers users plenty of options to earn money, and the requirements are not too demanding, as well. Coinspace is worth considering for people who want passive income, and have the skill sets necessary to constantly expand their downlines.

12 Common Startup-Killing Mistakes

Startups are becoming trendy these days. The only thing that startup owners need to watch out is the possible downfall if they fail to attract target customers. There are many reasons why a startup can fail. It can be due to lack of funding, executing the wrong strategy, or simply because they are not ready to put up a business yet. Below are some common reasons why these businesses fail that you can take note and avoid when you start your own.

Single founder

Starting a company on your own can be daunting. There is a saying that two heads are better than one. Having more than two partners can be a much better idea, too. Businesses with many founders may involve several ideas, but a sound teamwork could result in effective solutions that can significantly boost a company.

Marginal niche

Most companies fail to succeed before they opted for a niche with a narrow scope or is difficult for their target market to understand and appreciate. It is important to draft a business plan that includes more demography tends to attract more eyes. The wider the niche, the broader the market coverage will be.

Wrong location

Some companies do not understand what it means to have a bad location. If you need better visibility, then you will want to put up your shop where your target consumers and prospective hires are. This way, your business idea will be more effective and progressive.

Derivative idea

Most businesses start from an original idea. While some may proper, many usually will not. One of the reasons why people with original ideas make it is because they answer specific consumer needs.

No specific target market

Your product or service will only be successful when you target a specific set of audience. It is crucial to understand the need of your demography. You will also need to know how your products or services will impact their lives.

Raising too little funds

Most startups received funding at some point in their venture. It is essential to know how much money you need, and how much you should receive from investors (in case you consider getting funded). Your perfect sources are companies focusing on providing venture capital. You can also join crowdfunding sites that are a trend these days.

Raising too much funding

New businesses die early because they work on a low budget, but having too much can kill, as well. When you receive money from venture capital companies, you will need to make it work to earn as soon as possible. Investors are extremely careful when it comes to funding startups, especially when it involves a large sum. Moderate funding allows you to relax a bit and reduce the pressure as you begin your venture.

Over-spending

Overspending can kill a business. You need to focus on your budget and spend within it. One of the major reasons why companies over-spend is when they hire too many people.

Poor Investor Management

Some entrepreneurs turn down ideas from investors. These suggestions should not be ignored as they can be useful. However, you should also be aware that always giving in to investors can be detrimental, too.

Fights between Founders

Fights between founders are normal. However, some founders tend to leave before the startup begins bearing fruits. Conflicts usually happen when there is a clash of ideas. The best way to prevent big fights is to work with individuals who share similar visions.

Procrastination on Launching

One reason why a business website launch is delayed is the completion of the software. Procrastinating on the company launch means delaying the company’s ROI. You need to launch it as soon as everything’s set, and understand that there is always an area for improvement.

Profit Over Customers

Successful businesses prioritize their customers before thinking about profit. You can set aside your business model for the meantime, so you can satisfy your customer’s demands at the moment.

Is Nerium a scam

Nerium Australia Business Opportunity Review: Scam or Legit?

Having a nine-to-five job is not easy. It tests your patience and determination. This is why there has been a growing number of people who quit their jobs and search for other ways to earn money. Many of them choose to put up a home-based business because there is no more need to have a brick-and-mortar office space. One of the most popular home-based businesses is joining a well-respected networking company, like Nerium International. Read on to know more about this company, their products, and the business opportunity they offer.

Nerium Australia Review

Nerium International is an Addison, Texas-based multilevel marketing company that was founded in 2011 by Jeff Olson. Having worked in the network marketing industry for more than 15 years, Olson now has all the experience and skills he needs to establish his own. He is a well-respected person in the industry, and has even written a best-selling book, “The Slight Edge,” that contains useful information about MLM.

The company is one of the fastest-growing US-based companies in 2016. It has had several record-breaking sales and has received numerous industry awards and accolades since its launch many years ago. Just recently, Nerium has expanded its operations in Japan. The company has provided business opportunities to people in the U.S., Mexico, Canada, and South Korea.

Nerium was even ranked no.1 in the Inc 500’s fastest-growing U.S companies list under the consumer products and services category. The company has earned $1 billion in cumulative revenue for the last four years.

Nerium Products

The company is popular for its anti-aging products designed to help people stay youthful-looking. Their products include day and night creams, eye serum, and body contouring creams. They also offer its patented age-defying supplement, which you can purchase from the company website or from its distributors.

All of its products received mostly good reviews from its customers. The Oleander content in its products has left many people worried, thinking it is highly toxic and can damage their health. The good news is that the Oleander herb has been diluted with a special patent-pending ingredient called the NAE-8.

Nerium business opportunity

Nerium is known for its attractive business opportunity. Interested individuals will have to choose between two kinds of business packs:

  • Business pack with four containers of Nerium Day Cream, and four containers of Nerium AD
  • Business pack with two tubes of Nerium Firm, 10 containers of Nerium Day Cream, and 10 containers of Nerium AD.

The second business pack is more costly than the first one. Once you have chosen a business pack, you can now start earning commissions by getting other people to join you and become a distributor. These people will then recruit other people, and so on. The more people your team recruits, the more money you will make. This is how things work in the MLM industry.

Nerium compensation plan

Nerium gives rewards to distributors based on their achievement. For instance, when you sponsor your first three people, you will receive a 10 percent check match. The company sometimes give a free iPad to distributors whose downline were able to successfully recruit other people. When your first three recruits have finally gotten an iPad for themselves for the same achievement, you will be given a Lexus car. Once you have helped 12 people receive their own Lexus car, you will get $50,000 worth of bonus and a full-time residual income.

This is the reason why Nerium became popular among people who want to expand their income earning potential. Their compensation plan is solid, and motivating.

Stable

In 2012, Nerium became part of the Top 100 MLM companies. In 2014, the company made more than $400 million in revenue and has given out more than $100 million in commissions to its distributors. These achievements show how stable and profitable Nerium is.

The company’s leadership is admirable. Their management team has years of experience in direct-selling. While it is relatively new, Olson is making sure that all distributors, including aspiring ones, will feel at ease knowing that they are supported by the some of the industry’s best people.

Is Nerium A Scam?

Nerium International is a legit multilevel marketing company. It is not a scam. The business opportunities are promising, and the products are safe. There have been reports of allergic reactions, but no two persons are the same and it is still important to consult a doctor before consuming anything unfamiliar. Nerium’s products are generally safe, and have had countless good reviews.

As for its business opportunities, the only way to succeed in the MLM industry is to put time and effort into selling and recruiting. You have to have the needed skill sets to become an exceptional network marketing professional, and achieve your desired return on investment. Overall, Nerium is a legit MLM company that offers attractive products and business opportunities that are definitely worth considering.

Review of Kyani Australia

Kyani Business Opportunity Review: Should You Join Kyani Australia?

Kyani is a health and wellness multi-level marketing company that offers healthy food and beverages, as well as supplements. Launched in 2005, the company has since been going strong for its high quality products and business opportunities. This review will give you more information about Kyani, its products and services, and the money earning opportunities they offer. Read on.

Kyani Review

Kyani provides health and wellness products. Their supplements are offered through direct-selling, and their distributors. This is why the company is classified as a multi-level marketing company. Its distributors can earn money by offering their products, and by recruiting new members to help them sell. It follows a networking business model that helps people earn passive income as their downline grows.

Kyani products

The company focuses on providing nutritional supplements. While these products have yet to receive FDA approval, it is fairly common with these kinds of supplements. There have been plenty of good reviews online about the products, and this is good news.

Kyani Sunset

This supplement is designed to promote quick absorption of nutrients. It contains minerals, vitamins, and omega 3s.

  • Retail Price: $43.95
  • Preferred Customer Price: $39.95
  • Distributor Price: $35.95

Kyani Sunrise

This one has a blend of over 22 superfoods. It also provides 10 essential vitamins, as well as 74 minerals.

  • Retail Price: $43.95
  • Preferred Customer Price: $39.95
  • Distributor Price: $35.95

Kyani Nitro Xtreme

This supplement is packed with more vitamins and minerals.

  • Retail Price: $79.95
  • Preferred Customer Price: $74.95
  • Distributor Price: $69.95

These three products form what the company calls, “the Kyani Triangle of Health.” They all contain the needed vitamins, minerals, and antioxidants with countless of studies to back up their effectiveness. Kyani offers a unique collection of healthy products that can help you live longer and better. The company, however, maintain the secrecy of the ingredients to prevent competitors from stealing their unique blends.

Kyani Business Opportunity

The membership cost will depend on the package you buy:

  • Distributor Pack: $40
  • Product Pack: $299
  • Business Builder: $499
  • Premium Business Builder: $999

Here are the things that you need to know if you plan to join Kyani:

  1. You form three teams
  2. You will be paid for all the teams
  3. You will receive up to 30 percent commission from your retail sales
  4. You can qualify for a bonus pool when you hit 500 CV
  5. You can earn residual income by accumulating paygates through sales
  6. You can get at least 20 percent SV of the starter pack whenever you recruit a new member

Kyani also gives recruitment bonuses. A Business Starter Pack will cost $299, but will only carry 130 SV. The company will let you get 20 percent of $130, and not the total cost. It means you get $26 for a $300 sale, which amounts to 13 percent commission.

Kyani Compensation Plan

MLM distributors can earn money through Kyani by recruiting more people in the team. This is where your continuous income will come from. Your income potential grows as you build your downline, and your team members can also earn more as they recruit more. This is how networking works, which is why a lot of people thought Kyani is a scheme.

Kyani’s compensation plan will make it challenging, but manageable for the average joe to earn a substantial amount of income. You will need to sell as many products as you can and recruit more people into the gang, and encourage your team members to do the same.

Verdict – Is Kyani Legit?

Kyani is a legit multi-level marketing company that offers health and wellness products. Despite the lack of an FDA approval, customers have been saying only good things about their supplements because they do work. The business opportunity that they offer is promising, but not for everyone. You need to have the right mindset and skill sets to get into the game and head to the top.

roden and fields business opportunity review

Rodan and Fields Business Opportunity Review

Rodan and Fields is a multi-level marketing company that provides personal care products. The company has been around for more than ten years, and many people have joined them for business opportunities. This article will give you a thorough review of these opportunities, and important information about the company. Read on.

Rodan and Fields

Company overview

Rodan and Fields focuses on the personal care niche. They offer skin care products, which include toners, facial wash, anti-aging creams, and so much more. Drs. Kathy Fields and Katie Rodan founded the company in 2002. Originally, they sold their products in department stores. It was until 2008 when they finally decided to expand their business, and market their products through multi-level marketing.

The business opportunity

Multi-level marketing companies, like Rodan and Fields, profit from people who join them. They earn through recruitment. Most people begin their recruitment cycle by convincing friends and family members to join them, and then these people will start recruiting others. It is a continuous cycle as you grow your downline.

Basically, the more people in your downline, the higher your chances of earning money. The company offers commissions and bonuses to active consultants. In order to become one, you must acquire at least 100 sales volume each month. You will achieve success in this industry when you have a stable flow of leads, both online and offline.

Business kits

The company sells skin care products. You can take advantage of their products by purchasing them at wholesale prices, and selling them at retail prices. The good thing about network marketing companies is that you get to use the products while earning at the same time.

With Rodan and Fields, however, you keep the profits from every sale you make. You can save more money by purchasing a business kit, which is a bundle of products. There are three types of business kits for you to choose from:

  • Personal Rewards business kit (priced at $395)
  • Big Business Launch business kit (priced at $695)
  • RFx Express business kit (priced at $995)

How to earn more

There are five more ways to earn money through Rodan and Fields:

  • Retail: You will buy the products at wholesale prices, and sell them at retail prices. You get to keep the profit.
  • Active consultant commissions: The company gives commissions to active consultants, which are based on the sales that you, your downline, and your sponsored preferred customers make.
  • Personal Team commissions: This is when you obtain at least 100 sales volume or about $600 of personally-sponsored level one volume in a month. You will be promoted to Executive Consultant, and be given the chance to earn this type of commission.
  • Generation overrides: These are commissions from the sales and recruitment that were made five levels deep into your downline.
  • Performance bonuses: You will receive some bonuses when you obtain certain achievements.

What you should know

Rodan and Fields offer personal care products, which are authentic products. As a member of this multi-level marketing company, you will have a website that is part of your portfolio. Joining the company is easy-breezy, and cheap, too. If you have a network that can make the sales, there is no more need to buy the products yourself.

The company claims that all their products are FDA-compliant, meaning they are safe to use. You will also find other information about the company, such as disclosures and compensation plans, on their official website. Every member is required to join through a sponsor, and buy one of their business kits.

Verdict

Rodan and Fields is not a scam. It is not a pyramid scheme like the other networking companies. The products are FDA-approved and are affordable. Consultants might even find the products easy to sell. You can obtain training and tips from the sponsors, but the rest of the selling and recruiting is all up to you. This is why not all people succeed in this industry.

Aside from you, the people in your downline will determine your success or failure in this type of business. Rodan and Fields offer effective personal care products, but you will only start making money when you start talking to people. If you are not the type of person who can walk up to people and persuade them to join you or buy your products, then this business is not for you.

Also read: Affiliate Marketing Explained