Monthly Archives: June 2014

Network Marketing Education For Starting a Home Based Business Or Building a Current One

In writing this article I am going to assume that you already have at least a brief understanding of what network marketing is and how it is related to a home based business. I am also going to assume that you are looking to start a network marketing business. If you are already involved in a network marketing business then I will leave it for you to decide if you would like to take this information and use it for your advantage. Either way you will find some interesting information here.

Ok, so you have decided that you are interested in starting a home based network marketing business. I hope that your interest did not lead you to go and join the first business that you came across. There are literally thousands of different opportunities out there on the world wide web. There are also several different things that you should consider before joining any of them. Here are just a few things that you should look into.

What are the minimum Expenses involved?

First of all I want you to take note that I said expenses involved and not xost involved. I did this to put you in the mindset that you are looking to run your own network marketing business. To some these two words may mean the same thing, but to me an expense is something that you can write off come tax season because you are running a business. With that said, know how much that you can commit to spending each month as an expense currently without regards to profit from the business. I say without regards to profit because I see so many people including myself in past endeavors getting into a business with an expense higher than I could commit to the following month.

I recommend picking a business that meets your current situation financially that you can commit to long term with a mindset that this is My business and not with the mindset that I am trying this business. No matter what your current situation financially there are network marketing businesses you can get involved with on the net ranging from $0 to $thousands that you can commit to long term. In short, don’t get involved with a business that you can’t commit to long term currently. Pick One, Commit to One, and Focus On One until it is running on auto pilot then consider building another income stream.

Have the Proper Mindset it Takes to Be Successful

Having the proper mindset is a key ingredient of building a successful home based business or any type of business. This mindset goes far beyond building a business though. Take a good look at anything you have been successful at in your life. I mean anything that you have accomplished that made you happy. Whatever it may be, I bet that you believed you could do it before you even started. I bet this belief was so strong that no matter what challenges arose that you overcame the challenge. You may have had some negativity come along and my guess is that you ignored it or overcame it with positive thinking and kept focusing on what your goal was.

You need to have this same type of mindset and focus in building a home based business. Treat your business as a business and not a hobby. Do your business everyday knowing that you will face challenges and negativity along the way. You must totally believe in what you are doing and be determined to be successful. If you are having trouble getting the mindset that you are going to build a successful online business then I suggest doing Personal Development and finding a Mentor. I can help you with this.

Researching the Network Marketing Company to Join

Now you have decided what monthly expenses you can commit to each month and have also committed to being successful in a home based network marketing business. The next thing to do is start doing research to find the business that suits your situation. You also want to research a companies history. You can start by researching different companies minimum cost to be involved. Find the ones that fall within your current budget. Then take these companies and start researching them in more depth.

1. Research the companies history.
Is the company a new startup? If it is then you may want to consider the fact that most companies don’t exist past the second year. I recommend finding a network marketing company that meets your monthly expense budget that has been in business for two years or longer. You should be committed to this long term and it is better to be a part of a company that has already proven it has the proper management to be here long term.

2. Research the companies product.
It is important that the network marketing company you choose to build a home based business with has a product that you believe in. If you don’t believe in your company and its products, your prospects or customers will be able to see right through this over time. For example if your company is primarily into personal development and learning, but you never plug into what your company offers then eventually your downline or customers would question your leadership. Keep in mind that to be successful in network marketing you have to be able to ad value or benefit to people. If people don’t see that you are getting value or benefit from your product why should they believe that they would.

3. Research the Marketing Systems Available for the Company.
Most companies have their own marketing system which everyone who is a part of the company can use, however many people create their own unique marketing systems for the company that are better suiting for a specific type of persons needs. These people then make the marketing system they created available to all people who are a part of their team and sometimes make the system available to anyone who is a part of the company they created it for. Some times you may find the company that you want to join, but then research joining the right team who has a marketing system in place that you are interested in. I do recommend finding a system that uses Attraction Marketing in some form to build the business. This marketing method will have prospects letting you know they are interested in what you offer before you contact them. The prospects will literally be contacting you in some form first. I like a system where a person actually calls me to ask questions or they join the business before I contact them myself.

Other marketing systems may require you to cold call people to find qualified prospects. Who would you rather call? A person who has already shown interest to you or a person who has no idea why your contacting them.

4. Research Your Sponsor and Team.
Believe it or not, It is possible to have the wrong sponsor or be a part of the wrong team. You want to build a Successful business correct. Well which sponsor and team do you think is going to help you build a successful business?

Sponsor A: Who is very successful and helps lead their team in the right direction. Take note that for this person to reach the level of success they are at, It is directly related to them helping people on their team reach a level of success. This person understands that being successful in Network Marketing is all about helping people. This sponsor is excited to call his downline, take calls from his downline, return emails, and give the support people need. This sponsor is willing to share everything they know and not hold back any secrets. This sponsor gives value and enjoys helping others.

Sponsor B: Who may have some success in getting people to join their business, but does not help these people to build a business. This sponsor is not interested in helping people and thus his or her business may have little if any success long term. This type of sponsor may have a ton of knowledge to offer, but they are not willing to share it. This sponsor may even be a victim of not having a good sponsor. It is unfortunate that this type of sponsor can put a bad name on a Great company.

So how do you find a Sponsor A? Well while your searching I recommend looking at what the potential sponsor offers in their advertisements or personal pages. Look to see if this person offers an email address to email them to ask questions. If they do then send them an email and see if you get a response back. If you do then this is a good sign. I do highly recommend using a free Gmail email address in doing so.

Research the potential sponsors name on Google and you can quickly learn how successful this person is. You can also get a real good feel for how knowledgeable he or she is in building an online business.
See if you can find a phone number or Skype to try calling this person. If they actually answer the call or return your call this is a very good sign that they are interested in helping others. This means they take their business very seriously.

Keep in mind though that if you want to be very successful with your home business you will want to learn from your sponsor and also become a type A Sponsor yourself. You may already have some of these leadership characteristics, but you can always improve your skills through personal development and having a great Mentor. In finding a good sponsor you will also find a good Mentor.

5. Research the Companies Market Area.
If you are going to do business from home then I highly recommend finding a company that offers a large market. Building an online business is more rewarding the bigger your audience that you can market it to. Look for a respectful company with a good history that offers a global market. There are companies on the net that have been going strong for many years that have a global market.

Exercise Your Mind
No matter what online network marketing business you are or get involved with it is important to exercise your mind. Plug into as much Personal Development as you possibly can. This will help to improve your leadership skills, marketing skills, and help you live a better life all around. Personal Development will help you in staying positive at all times. There are also companies out there where the product is personal development. As a matter of fact, it is the main focus of the company I am involved with. Learning new skills is a huge step towards having new success.
It is true that Success = Skills X Action

Stay Focused
After you have picked a networking marketing company to get involved with to build your online business or if you are already involved with a company it is important to stay focused. Do not get caught up in jumping around from company to company trying to find the one that will give you big rewards quickly especially if you have had no previous success with network marketing. I learned this the hard way like so many other people have. This is the main reason why I want you to pick a company that is in your budget currently so that you can stick with it long term. Do not try to build 5 different companies at once. Pick one to build and focus all of your efforts towards that one until you have reached a point where it continues to grow whether you work at it or not. When this happens, then if you want to you can consider building another business. There are only so many hours in a day to work on your home business. Focus the hours on building one first then move on to building another stream of income.

You also need to be focused so that other ads that you see from others have no affect on you. Train your mind to block these out. This also is true in learning a new skill. Learn the skill you are working on to the point where it comes natural to you before plugging into a new skill. Your rewards will be much greater by keeping this focus.

Final Thoughts
I have covered many different things to consider in starting a home based business with network marketing or helping with your current one. I believe that anyone can be successful in network marketing if they get the right education, have the proper mindset, join the right sponsor, and do research.

4 Ways to Rev Up a Stalled Home-Based Business

If you are in the same place as I was a year ago in your home-based business, you’re on the verge of quitting even though you love the product or service you represent. You’ve spent many years trying all the traditional methods that have come along, and you have nothing to show for it but a long list of people who have signed up and quit. You have spent countless hours at training seminars, putting everything you learn into action with no results.

The good news is that you don’t have to quit your business that you’ve invested so much time, effort and money into. The bad news, and it’s really not bad news at all, is that you will need to make some changes in order for it to happen. The reason it’s not bad news is because it won’t cost you anything. In fact, you’ll probably save money and have more free time to enjoy life outside of your home office.

Nothing happened for me until I made changes in what I was allowing myself to be taught. I spent 10 years listening to people train me how to “distribute” my product to the masses. I didn’t have much success, but I kept my blinders on because that’s what I was told to do. I could see how everything would work out on paper, but I couldn’t make the big money like the trainers I was listening to. What I finally realized was that they were training for the benefit of the company, and not for me.

Most network marketing companies focus on techniques that boost their overall sales rather than those that help their distributors build their own businesses. Do you really think that talking to everyone you meet is the best way to get lots of people interested in what you have to offer? Sounds like it would work until you really think about it. Although everyone can benefit from your product or service, not every wants it.

The first way to rev up a stalled business is to seek proper marketing education. After all, it’s called Network Marketing, not Network Distributing. Marketing is finding a demand and filling it with supply. The best way to do this is to practice the techniques that get people calling you instead of you going out and trying to find them. Proper marketing education will show you how to do this, and for pennies on the dollar.

The second way to rev up your stalled business is to become a leader. Stop listening to everyone telling you to follow the latest fads that may or may not be working for people on the other side of the country. Stop signing up for expensive online business systems and website programs just to be a part of a community that shares the same goals that you have. If something isn’t working, make it happen on your own terms.

One of the best ways to become a leader is to stop doing three-way calls with your upline. When you call your friends and family so that your upline can tell you what a great business you have, you are only positioning your upline as the leader. You are helping him or her build their business, but you are doing nothing for yours. Being a leader means doing it yourself. If you aren’t ready for it, do what it takes to get ready.

The third way to rev up your stalled business is to never look back. What this means is that when you call a prospect on the telephone, you have one and only one chance to close the deal. If they need time to think after that, let them call you back. Never ever call someone back because it makes you look desperate for their business. When that happens, you’ll lose credibility.

The best prospects are those who make some sort of effort to get in touch with you. The more hoops they are willing to jump through, the more serious they are to join your business or try your product or service. This was a big mistake I used to make all the time. I was so eager to grow a business that I would hound everyone who had the slightest interest in what I had to offer. As a result, I spent ten years attracting no more than 2 or 3 people a month.

The fourth change you need to make to rev up your stalled business is to stop leading with money. This means always lead with our product or service to attract the best quality prospects for building a business. What happens when people sign up for a home-based business with the sole purpose of making money? They wind up quitting after not having made a profit after the first few months.

It takes time to build a huge organization from your home. Those who are customers first and become grounded on the products or services will stick it out and see things through. They understand it’s about helping people, not making money. Yes, you want to make money, but when that’s the focus, very little happens.

You don’t have to quit your business or change companies if your home-based business isn’t going as well as you planned. Making these few simple changes can get you moving in the right direction. There is a 95% drop-out rate in network marketing because most people are unwilling to change. Don’t accept that as your destiny. Be a leader and join the remaining 5% who succeed.

Traditional Verses Network Marketing

The opportunities to start a home based business are endless. You do not have to look far to find hundreds of choices. The online world alone is overflowing with information on different options. So how do you find one that is legitimate and what is the best?

There are so many advantages to owning a home based business. Some of the obvious reasons are:

* The ability to be your own boss.

* Work flexible hours.

* Work from home. (In your underwear if you want!)

* Opportunity to meet and work with like-minded people. (Not like some of the dreaded co-workers you are stuck with!)

* Tax benefits (glorious tax deductions)

These benefits hold true for a “traditional business” as well as a network marketing business. The better of the two can be a toss up for some but for those that have built a successful network marketing business they would never think of any other kind.

Why? Because of all of the additional benefits network marketing hold over a traditional business! Take a look at the 4 criteria that sets this model above traditional home based businesses.

1. You are in business for yourself but you are not by yourself.

Network marketing businesses provide you a network of people to work with to help you achieve the next level. The amount of money you make is directly impacted by the amount of money you help other people make!

Yes, maybe you have joined a network marketing business before and been stranded by your sponsor. This does happen sometimes but it is not about them it is about you. You can be sure that somewhere in the organization there was a successful leader you could have found to work with.

2. Leverage

Leverage is an exciting concept. It has been said that it is better to have 1% of 100 peoples’ effort than 100% of 1 person’s effort.

Do you agree? Would you rather have 100 people working toward the benefit of your home based business than just 100% of your own efforts?

3. Low start up costs with little overhead

A traditional home based business can have astronomical start up costs. You also have to factor in all the overhead that comes with it including: overhead of employees, shipping, billing, product development etc. This does not even begin to factor in the time and effort it takes you to learn how to get your business up and running!

Why reinvent the wheel?

In network marketing that is all taken care of for you. You do not have to worry about products, shipping, billing, or payroll. The company takes care of all of that for you! Most of the time there is already a system in place for you to plug into immediately to get you up and running fast.

4. Rewards, Recognition, Incentives!

Almost all home based network marketing businesses offer these three things. Most of the time the rewards and incentives offered by a company include traveling to exotic places. This is one thing that most people want to do more of. Why not choose a business where it is part of the plan!

Network marketing offers an incredible opportunity to those who do not have the capital or do not want to risk thousands of dollars reinventing the wheel! If you would like more information about a home based business visit the resource box.

What is a Home Based Business You Could Start?

Looking to start a new home based business? If so, you know that you have to have the right products in order for your business to be successful. Here are suggestions for a few home based business categories to start with.

A home based business starts at home everyday, may go out of the house during the day, and ends up back at home. Be sure and have a separate business phone line because a home based business can get calls 24 hours a day.

Service businesses are ex maples of home based businesses. Maybe you have some talent for finishing basements, but do not want the hassle or the overhead of employees and renting a brick and mortar store.

You can run your business out of your home, but do your work where the work is. Plumbing, electrical, landscaping, heating and cooling, cleaning carpets, etc are examples of home based businesses that you could do.

Perhaps the main thing about starting your own home business is to choose an industry you have an expertise or a passion for. You want to do this everyday for more than just the money. Enjoying what you do is equally as important and is going to be one of the keys to your success.

Another form of a home based business is internet marketing. Selling stuff online is a great way to make money and stay at home doing it. You can run your business 24 hours a day anywhere you have internet access. For people who like to travel this is a great business to be in and still travel anywhere you want to go.

Affiliate marketing and network marketing are two popular ways to earn money on the internet. Again try and find products to sell that you have an interest in. This is especially easy to do with affiliate marketing because almost every product made in the world has companies looking for affiliates.

Being as affiliate means you are a salesperson for that product. All you do is sell for the company you represent. They provide things like website and marketing material. They also collect the money and ship the product. Usually once or twice a month they will send you a check or pay you via the internet with PayPal or direct deposit.

Network marketing is similar to affiliate marketing with one big difference. You can get paid on the efforts of hundreds or even thousands of people’s sales. With affiliate marketing you get paid on your own sales and if the affiliate program is a 2 tier program you can get paid on one level of personally recruited affiliates.