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A business opportunity or biz-opp is difficult to define as it holds different meanings for different people. However, it is usually considered as any activity that involves the sale or lease of any product, service or equipment etc that enables the purchaser to begin a business. The seller of the business opportunity usually secures or assists the buyer in finding the means for his business. This is quite different from the sale of an independent business. In fact in most cases there is no need for a continued relationship between the buyer and seller after the sale is made. It includes the sale or lease of the business including the goodwill of the existing enterprise. It is a kind of a packaged business investment that allows the buyer to being a business. Technically all franchises are business opportunities but the opposite is not always true, all business opportunities are not franchises. However the business opportunity seller does not exercise any control over the buyer`s business activities and processes like in a franchise. Thus there is less support for the buyer than in the case of franchises but this may be an advantage for some people who want freedom in the running of their business. Normally there is no obligation to follow any strict rules, in fact you would only have to buy the equipment and materials and start your own business any way you prefer to. Also the licensor-seller usually guarantees an income greater than or equal to the price the licensee-buyer pays for the product and also assures that there is a market for the product. The seller also promises to buy back any unsold goods to the prospective customers and also supplies the sales or marketing program for the business. The most common types of business opportunity ventures are distributorships, rack jobbing and vending machine routes.