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Making matters more complicated, 23 states have passed laws defining business opportunities and regulating their sales. Often these statutes are drafted so comprehensively that they include franchises as well. Although not every state with a business opportunity law defines the term in the same manner, most of them use the following general criteria:
I recently stumbled on the Trim app and I have to say, this one is a game changer. It’s a simple app that acts as your own personal financial manager. Once you link your bank to the app, Trim analyzes your spending, finds subscriptions you need to cancel, negotiates your Comcast bill, finds you better car insurance, and more. And of course, the app is free! My bet is that it will only take a few days for Trim to put an extra $100 in your pocket. So easy!
Earnings claims made online, television or in other media must also be backed by proof that supports express and implied representations. Certain information must be disclosed with making such claims, including, but not limited to, start and end dates the earnings were achieved, and the number and percentage of purchasers that obtained at least that result. General statements regarding earnings or discussions regarding industry-specific performance statistics also require written substantiation.
Some of the pros of running a business opportunity are their less restrictive nature in terms of operation, branding and territory restrictions, their low initial investment fees and lack of ongoing fees. However, remember that you don’t get the ongoing support for a business opportunity, and that you need to conduct extra research, since it may not have the same legal obligations as franchises do to disclose certain details about the business, like the financial health of the operation.
If you’ve got a way with words and expertise in a niche, there are plenty of sites that will pay for articles and content you write. Think of the sites you read regularly. What can you contribute to them that would be interesting? Research your niche and then look for ways to pitch articles. Many sites will simply have a submission or contact link in the footer. To get started, check out my full guide to becoming a freelance writer on the side and then submit your articles to places like Instash, Listverse, TopTenz, A List Apart, International Living, FundsforWriters, and Textbroker.
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