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John was picking up a few things at the grocery store. Everywhere he went in the store, this same old lady appeared, as if she were following him. As John got into the check outline, she jumped in front of him.
She apologized, and then explained how John looked just like her son who passed away six months ago. Of course, John expressed his sorrow and asked this sweet old lady if there was anything he could do to help.
John was a bit surprised at her request. . She asked John to wave at her as she was leaving the store, and say, "Goodbye, mother." Since it would make her happy, he agreed to comply.
As the old lady left the store, John waved and called out, “Goodbye, Mother!”
When the cashier finished with John's items, she said his total was $221.88! John assured that the amount was not right, he had only purchased a few items.
The cashier informed John that his mother said that her son would be paying for her groceries.
Your Home Business:
In many home businesses, be careful, you may be figuratively, if not literally, paying for someone else's groceries!??
Pricing is an important consideration when you are looking at a home biz. When product prices or entry fees are high and not competitive, the answer is often that the higher prices allow for commissions. Although that is probably true, it still means that 'pricing is too high'. This is a red flag. There are many home businesses that do over price, but there are many that do not.
What do higher prices mean to you and your home biz?
What I am about to share is my opinion and is based on my experiences. I cannot guarantee your results will be the same, but I believe that you should still consider the following.
Based on my personal experience with companies or opportunities with higher than competitive prices or fees, over pricing limits business building to a select few or about 2-4%. In companies or opportunities with competitive prices or better, I see a growth rate of 95% and 11% of those people build the business.
Let's compare attrition rates. With companies that have higher priced products and fees, I see attrition from 50% to 95%. With competitive pricing, attrition runs at 5% to 10%!
With prices and/or fees that are too high, I have learned that you may lose at least half or almost all of your recruits and have only about 3% succeed, whew! Good Luck with that, you will need it.
With competitive pricing, you still have a lot to learn and a lot to do, but...if your results are similar to mine...you will see growth and income, instead of frustration.
I do not give up, but I believe that I can recognize what works and what doesn't and product and fee prices that are too high seem to me to be a negative that you and I do not need.
On the other hand, low price or no price (free) does NOT mean little or no value. I see more and more exceptional opportunities with unparalleled value at a very low price or free.
#1: Although pricing is only one of many considerations regarding your home biz, it is important and may end up deterring growth.
#2: Re-think Low Priced or Free. When real value is involved, low priced or free is a way for you to discover an opportunity's real potential with little or no risk.
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Thank you for reading, my friends, I wish you much success.