Monday, November 19, 2012
If you answered yes to any or all of these questions, then network marketing may be for you!Every year thousands of people take the plunge into network marketing and, unfortunately, a large majority of them end up quitting before they really give their businesses a chance to succeed. While there are many reasons why people quit their new ventures, one of the most prevalent reasons is feelings of inadequacy in being able to make them work. One of the biggest reasons for these feelings of inadequacy is lack of training and preparation for growing their businesses. Regrettably, some individuals recruit new team members for inclusion into their network marketing businesses and, once they sign these new members, they do not follow through with them. They do not prepare their new recruits for success by working with them and training them on how to grow their businesses. This is not an intentional faux pas, but more a lack of understanding on how to build winning business teams.
People continuously ask me how they can build a successful network marketing business and what the secrets are to making it work. They tell me they have tried network marketing and failed, but see others that are being highly successful with the very businesses they could not seem to master. With that in mind, I have put together some tips on how to find a network marketing business that is right for you, and how you can make that business a success. While building a lucrative network marketing business is not brain surgery, it does require some key components in order to be abundantly successful. In this article, I will discuss some of these components and why they are essential to building your empire.
If you are looking for a way to improve your financial situation, do not judge all network marketing ventures by bad experiences you may have had in the past, or do not let your lack of experience with network marketing prevent you from exploring it as an avenue for income. Network marketing can be a fantastic opportunity to truly make a difference in your life. The truth of the matter is that network marketing can be a very lucrative way to earn an extra income and, if one is committed to building a business, can be a significant tool in improving ones overall financial status.
A network marketing business can be life-changing if you have the desire, dedication, and commitment to making it work. It is even possible to realize financial freedom through network marketing if you are persistent enough to persevere in your endeavors. You are the one that has to make the decision on where you want to go in life and it is up to you to devise a road map that will get you there. The right network marketing business can be the vehicle that drives you to financial success!
You may be asking yourself, How do I know if network marketing is right for me? How do I go about finding a network marketing business that will meet my needs? How can I be sure I am choosing the best company? How can I determine up front if I will get the help and support I need to build my business and move it forward? These are all perfectly legitimate questions, and they are also questions you need to make sure you have the answers to before taking the plunge into the entrepreneurial world. While we will address these issues as we move forward in this article, one thing you must understand is that you are ultimately the one that will be the key to your victory. Up line mentors and team members can provide needed training and support to help you get your business off the ground, but what you choose to do with that training will be the determining factor in your success.
There are some key, essential elements you will need to consider before embracing a home-based business enterprise. Some questions you need to contemplate are, Do I want to control my destiny? Do I want to be my own boss? Do I want the flexibility to work from home (or from wherever I choose to work)? Do I want the time freedom to set my own work hours? If you answered yes to these questions, then network marketing may be right for you. Now ask yourself, Am I serious about owning my own business?
Am I committed to building this business? Can I spend a minimum of 1-2 hours per day building my business? Can I commit to working with a mentor on step-by-step training to help me achieve optimal results in building my business? If you answered yes to these questions, you can be very successful in network marketing. These are just some of the criteria you will need to consider before making the decision to join the world of network marketing. You must do some serious soul searching to find out if you have what it takes to build a financial empire that can set you free.
Before becoming involved with any network marketing venture, do your homework! First, you must choose a product or products that you believe in and are passionate about. These products must be something people want, and for which there is a high demand. It will accelerate and stabilize your success if these products are consumable, where customers come back month after month to repurchase them. This is what builds residual income.
Secondly, research the company that sells the product or products of choice. Is it a reputable company with a proven track record? A good rule of thumb here is to look for a minimum of five years in the business. You do not want to associate yourself with a fly by night type of company that is here today and gone tomorrow. Does this company sell proprietary products? Do they have any patents pending? What have they done in the last six months to expand or promote growth? Do they offer a money-back guarantee on their products? What type of start-up money is required to start a business? What are the monthly requirements to maintain the business?