I’ve seen the commercials with the late Tom Bosley running back in the late 80’s/early 90’s, encouraging individuals to create their own business.
It’s called Specialty Merchandise Corporation (SMC). The company has been in business for over 60 years and for a few people, SMC has been very successful for them, allowing financial freedom and success.
The concept is simple. Invest $25 dollars, which, in turn will give you access to their catalog of more that 1,000 items you can purchase at retail and sell at a markup for a profit. Many SMC clients sell their products at flea markets or online.
Seems simple enough. Despite the easy access, the hard part is selling. Some people who’ve participated in SMC’s program have had success in putting together their own home-based business. Others have concerns about a specialty merchandise corporation scam.
One thing is for certain, a smc scam might be a bit of a stretch. Unlike Amway or Herbalife, SMC isn’t multi-level marketing. No supervisors or supervision is needed. “YOU” are your own boss.
And with all businesses, there no such thing as a sure thing. From what I’ve seen a specialty merchandise corporation scam is probably unjustified.
If you’re a sales or retail professional, you’ll probably have an easy time putting together an SMC business, as many of the products I’ve seen would sell face-to-face as opposed to online. But if you’re not sales person, or if you’re looking to sell for the first time, it might be a good idea to get proper training.
Overall, those looking for fast buck should probably think about going to business school. If you’re looking for a secondary revenue stream, you should consider SMC.