The “Why” and “How” on how to build a home based business

May 3, 2011 by  
Filed under Business Building Tips

Today I am going to share with you some concepts that will help you in your home based business.

Here is an interesting way to explain how people look at money.

For example wealthy people, income is what is left over from their investments less tidings to God. This would be what they would con sir as expenses. Anything they spend on themselves they would classify as an expense. Simply because it does not generate income.

Now income earners look at money in a totally different light. For this major group of people money saved is basically income less expenses.

How to build a solid home base business.

In the business of network marketing, a good business should start with a sound inventory. For example a restaurant in it’s conception would have what would go into it. These would include tables, chairs, stoves,crockery and cutlery, signage, menus, etc.

Similarly in a network marketing business we should look at two separate aspects of the business, the WHY and the HOW!

We will talk about these two important aspects in a short while in another post but for now I want to emphasis the importance of Prospecting. Here a novice business owner must start off by getting their inventory done. It’s called a prospect list.

A good prospect list will have at least 100 names to start off with. From this list we will narrow down our numbers by categorizing the people and selling the ones who have the following: money, skills, belong to networks, may have a belief in the product line you are marketing, are entrepreneurs, etc.

Now to touch on the subject of why and how! Being successful in any business one must have a strong why. The “why” you are doing this business must be strong t the point it hurts. In other words if the fruits of the business is never accomplished you will regret it as long as you live.

The “why” will be based on dreams you have for your life, family and your career. These dreams must be fueled by a vision of you achieving these dreams. The vision must be precise, sharp and clear and have a time frame fixed to it. You just don’t want to be dreaming forever.

Once you have this dream harnessed to a vision you need a vehicle to take you to where you want to go. This vehicle we will call it your business, your home based business. The business you accept must be solid and profitable. We will go into that in a later article here.

Let’s talk about the “how” a bit here now. Under this section we can discuss the skill sets you need to become a success in multilevel marketing.

Do you know that success lies in only 20% skills sets. The balance 80% is what we discussed earlier on in your why. As long as you are open minded, eager to learn, are a good reader, and will attend all trainings and seminars, you can be moulded into a good business person by a seasoned mentor.

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