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Internet Marketing Glossary
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Business Opportunities
Also referred to as bizopps, bizops and sometimes referred to as income opportunities.
A business opportunity can legally be defined as the sale or lease of any products, equipment, supplies, or services that are sold to the purchaser for the purpose of enabling the purchaser to start a business, for which the purchaser is required to pay the seller a fee, typically $250 or more, and in which the seller represents:
(1) that she will provide locations or assist the purchaser in finding locations for vending machines, racks, display cases or other similar devices, or currency-operated amusement machines or devices, on premises neither owned nor leased by the purchaser or seller; or
(2) that she will purchase any or all products made, produced, fabricated, grown, bred, or modified by the purchaser using in whole or in part, the supplies or services sold to the purchaser; or
(3) that she guarantees that the purchaser will derive income from the business opportunity which exceeds the price paid for the business opportunity; or that she will refund all or part of the price paid for the business opportunity, or repurchase any of the products, equipment, supplies, etc. supplied by the seller, if the purchaser is unsatisfied with the business opportunity; or
(4) the seller will provide a sales program or marketing program which will enable the purchaser to derive income from the business opportunity which exceeds the price paid for the business opportunity.
Note: Business opportunities do not include the sale of “going concerns” (existing businesses).
The above definition was based on South Carolina State law.
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