Showing posts with label successful home based business. Show all posts
Showing posts with label successful home based business. Show all posts

Sunday, January 23, 2011

Without support and the proper training, you can't hope to be as successful as someone who is being trained and supported by experts in the field.

Have you ever felt like you were drowning and no one was around to pull you out?  If you are trying to make a success of a network marketing business and doing it on your own, you may identify with this guy.  Trying to work a home based business by yourself is really difficult. Without support and the proper training, you can't hope to be as successful as someone who is being trained and supported by experts in the field. If you  fit this description and are failing, I can promise you YOUR FAILURE SO FAR IS NOT YOUR FAULT!
You need a support system to succeed and the proper training you or are most likely to be part of the 90% that traditionally don't succeed in network marketing. 

Here are some recent numbers I think are pretty astonishing. My group is part of a pretty good-size network market1ng company. Our team uses the "Success In 10 Steps" E-book by Michael Dlouhy to find prospects, and others in the company use other means.

Our team brought in 62% of the company's new business for the month of April.
- 82% of the company's new business for May.
- 85% of the company's new business for June.

My mentors have a 60% to even 90% RETENTION RATE! That is the same as the dropout rate of those that don't succeed using the traditional methods, our success rate is the same as the average failure rate!


"Success In 10 Steps" is generic. No companies or products are mentioned. No affiliate links are included. The point of the E-book is to find the Warriors in M-L-M, and to help you connect with them. This is a very effective system.


The traditional way is to make a list of friends and family, and call them to try to get them to a meeting to hear your 'plan'. The trouble with this is you are probably talking to people that don't have an interest in network marketing or even working a home based business! You have to work to get them to just listen to the idea of making money from a network marketing business. We say leave your friends and family alone! These guys are showing me how to find people already wanting to work a home based business. I skip this step completely, the people I talk to want to hear what I have to say!
It is a great ride, and fun since I am talking to others excited about the concept of network marketing. I don't have to get them excited about network marketing first, instead I talk to people looking for a way to make money from home, and I teach them how to think critically about the offers and opportunities out there.  


I didn't have success before but I am now and it is exciting. I am looking forward to being able to work my business and make my art when I want to. I am that much closer to owning my life, are you?





Saturday, January 15, 2011

Being Successful in Network Marketing - How to Choose One That WIll Work For You

There is an endless list of network marketing companies out there, some good, some bad and some just out right scams, even illegal!  So how do you choose one to invest your time and money in?

Here some things to look for, or look out for when picking a company. 
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First you need a company who's management has experience and integrity.

Ask yourself who is the ceo?  Who decides the rules, and who runs the company?  Have they ever done network marketing before?  Go on google and do a search for information on the people that are going to be writing your check. Most of us have little information about the integrity and principles of the people that are deciding how this company will work. If this person or group of people has no experience in managing a company or if they are in it for the management, not the distributor, you will have trouble. The policies and procedures should be there to protect the distributor, not the management, and you should be able to understand the language. If it is written in lawyer terminology and has lots of pages, it is probably hiding something they don't want you to know. Ask yourself if this is a company you want to trust with your future?  Get a copy and READ the policies and procedures, they don't need to be 20 pages long unless they are providing more for the management than the distributor.

Next most important is timing in the industry and timing in the company.

So often we go by some great product that is said to be the next best greatest thing since sliced bread. Technology moves so fast that it is easy for someone to take a product and make it sound like the best deal yet. Always you need to get in on the "ground floor" to really make it big. And it is said to be easy and something everyone will want and need in the near future.  The trouble with these claims is that the ground floor could very well go out from under you anytime, because technology moves so fast, there will soon be something even greater to take it's place and that product will be so cheap you can't compete.. Something like 90% of the startup companies fail in the first 2 years. Do you want to build a business with this company?

The third thing to look at is the product, you need a remarkable product.

This one is the easiest. If the company has been around very long, they have to have a great product, or they would be out of business. The product should not be something you can get on ebay or in the stores for less than you can sell it for. If it is on the shelves for less, then they are making money on the distributors, not on the product.  Technology companies are the worst only because the product that is great today is replaced by  another one in the near future.  The best product is something that is being used up so the customer has to buy  it again the next month. This is why nutritional and cosmetic products do well.  Consumable products will keep customers coming back. You don't have to love it, you just have to find customers that do. Would you buy this product if there wasn't a business opportunity attached?

The fourth thing to look at is the compensation plan.

Most people do a network marketing company in their spare time. They are part time workers, and they have to be able to make money within a couple of months to stay in long enough to learn the business.  So the compensation plan has to pay the part time person. There has to be a way to make and build an income without having to build a massive network. They have to have products that are priced so they can be sold competitively in the retail market. The plan has to pay it's distributors on everyone that comes in.  Use something that is a level measure, for instance how many people do you need to make $1000 a month or $10000 a month, in residual income. All things considered, would you rather work in a company that you need 250 people in your total organization to make $10000 or one that takes 2500 people to do the same thing?  This is something to think about.

How about training, how are you going to go about building your business? You need a proven duplication system that will allow your people to go on learning and building even when you aren't around to guide them.

This system should be one that is easily understood. It needs to give you step by step instructions on how to do it, not just get people and sign them up, but HOW to get people to talk to and WHAT to say to them once you get them. When someone is looking at doing a business and joining YOU, they want to know do you know what to do to make money at this and can you teach them to do the same thing. With a system like this you can grow, you won't have to rely on the front end and just recruit to make up for the ones that drop out, because if your people can duplicate what you do and make money, they will stay.

With this system, you need a MENTOR, someone that you can model what you do and that can help you to understand what you need to be successful. No matter what company you are trying to build, this is the most important. You should NOT have to buy leads, make lists of friends and family, talk to everyone you meet where ever you go, and do presentations to as large of a group as you can. My mentor has showed me how to find people without doing this. I DO NOT spend money on leads, I have many ways to find people that are looking just like me and want to do a business from home. You can be successful no matter who you are or what you have done before. If you have failed before, you won't if you go by these principles. Just do some critical thinking and you will be a superstar!


If you want to find out more, listen to this audio.  the 5 Pillars of Success

Thursday, January 13, 2011

Mastermind Group is the key to success - help working from home!

No one thing survives alone, everyone and everything depends on a support system. For us working a business from home, a mastermind group is the key to success in a home based business.

I have always loved trees, and loved to draw them. Not just any tree but the big gnarly kind, the ones with the big roots and lots of branches. I was looking at this sketch which is like many of my drawings, and the roots and the trunk take up most of the page. they really support the tree.  They really dig down deep in the soil, and the soil gives it the nutrients that it needs to grow tall into the sky.

When I studied art therapy, one of the exercises they taught us to use was to have someone draw a tree, a house and a person. The really fascinating part was that all of these drawings represented the person. They were all a self portrait.  My tree is me, and just like the tree, I reach into my mastermind group for help and support as I build my network marketing business!

One of the things that is necessary to grow a network marketing business or a person, or any home business is a mastermind group. a group of like minded people to help and support you as you learn and grow both financially and personally... kind of like the tree.  A tree alone without soil, without the roots reaching into the soil for what it needs, would not grow very big or very lush..  But look at the tree, the roots, dig down into the soil, just like we need to reach deep for what we need. I get nourishment and positive encouragement from my mastermind group, just as the tree gets nourishment from the soil, and without the soil the tree can not grow big and strong and without a good support system we can not grow either. A good mastermind group will nourish you and give you all the training you need to grow and prosper, just like the rich soil around the tree. Like the tree we have to be smart and humble enough to reach deep into the group, ask for help when we need it and follow the advice given to get what we need to grow. With this in place we will prosper.

No one can survive alone, especially when they are trying to do a network marketing business. Everyone needs a group of like minded people to lean on and learn from, and the group needs you to keep it fresh and learn from as well. For more on how this works, go to mastermind group info.  Somewhere there is a group of people just like you, who have been through the same things you have been through that can show you the way and support your quest to be a better you and be financially free!