The Four Pillars of a Good Home Based Business Model
December 24, 2010 by admin
Filed under General, Network Marketng
There are 4 legs to the stool in network marketing’s success. If you are either struggling with your present company or considering a home based business be it in MLM or any other home business you must keep these four points in mind as corner stones for your success.
Free tips on selecting a good home based business Click Here!
What people are not aware of!
Most people do not know what to look for or what to look into and always I see marketers selling these poor souls the so called Holy Grail to become a millionaire. Don’t buy these books but learn from successful business people around you. The best place to start is to ask successful businessmen men and women around you how they became successful. Ask your direct sales leaders to share ideas with you too. You will get all these tips for free and much more. Remember that the business of direct sales is similar to that of conventional business.
Both direct selling ( Network marketing) and conventional business have customers who have needs which need to be satisfied. The better you get at satisfying the demand the more profit you will make. Just look at the Starbucks success story. Its that simple.
Learn your market, and then market to that customer what they want. Not what you want them to know.
How does Conventional Business differ from MLM?
Now the only difference is that network marketers do not have to invest 100′s of thousands of dollars to start business as seen in conventional businesses in Starbucks, Coffee Bean or MacDonalds. For a fraction of the cost in setting up, you could be able to be in business with professional support, world class products with all the logiatics looked after by teh parent company. All you are is the marketing arm for the company. The better you get at marketing the more you will be paid.
Why do people find network marketing hard?
Do you get the picture now why people fail in network marketing or Multilevel marketing. It’s because they were told that they don’t have to sell products, or that they just had to introduce the business to probably 2 or 4 people. The business will take off by itself. This may not be the case for most people. You must learn to establish a good consumer base. Don’t fall for the hype of “No-Selling”. Your residual income will come when you have many people buying your products every month without fail.
Remember that most people want to know what they have to market. They want first hand product experience and when you give them this experience, then its so much easier for them to be enticed into helping you share these products with people they know.
There is no such thing as a fast buck whether it be in conventional business or in direct sales. A certain amount of hard work coupled with preparedness is important. Preparedness is in gaining knowledge and being ready and alert when an opportunity presents itself to you. I also believe you create your own good luck by being prepared.
The Four Pillars To Your Success In Network Marketing!
Finally the four key areas that are important for your ongoing success are:
- Your Belief In YourSelf: You must know that you want success and its within your reach. If you doubt this very first element of success, then you are setting youself up for failure. If you have little or no faith in your abilities then I suggest you either change your mind about business and stick with a job that pays you what your boss feels your are worth or you go out and attend seminars in self improvement, read book on personal development and mingle and make friends with people who are ambitious and have high self-esteems.
- Your Belief In The Industry: If you do not have a strong belief in the direct selling industry and networking in particular then you have another issue. Either educate yourself why this industry is very powerful or go back and earn a living at your day job. For your information people are making very decent livings in direct sales and there have been more millioniares created in direct sales than in any industry combined as to date. So either you change your mindset or you will fail miserably and will find yourself joining many people who today curse MLm just because they thought they would be millioniares within a month. The industry works but you need to know what makes it work. Find yourself a good mentor within the multi level marketing who is either very successful or is a rising star with his company and learn the ropes from him.
- Your Belief In The Company: The 3rd crucial element is having a strong belief that the company you have selected to associate yourself with and create your financial future. This is easy if you had done your due diligence before you signed the paperwork. If for any reason you still not sure if your company is good enough then go back to the drawing board and do your due diligence into the management, financials and the products of the company and see if you can see yourself representing the company.
- Your Belief In The Products You Sell: Find products that you are comfortable in selling. Be it skincare, healthcare or vitamins. If you are joining a company with the notion that you will not be selling anything then you are in for a big surprise. Every good business has to have a product or service which it markets. Starbucks markets good coffee and the experience associated with drinking coffee. You must find yours. If your company has skincare which helps to decrease fine lines and wrinkles then you should market anti-aging. Believe in your products and people will believe in you.
You will find articles addressed to help people like you to be able to take advantage of the booming health and wellness industry.
Beware of marketers who selling you programs or ebooks on what is the secret in networking.
A Claude Moment!
I firmly believe that you must acquire customers, learn to keep them and then ask them if any of them would be keen to do what you are doing. Thats the business. Though its simple, it may not be easy. Business has never meant to be easy but its “doable”. The rewards in having your own home based business far beats that of working for a boss.
I have done it and am still doing it so you can too.
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Earn Extra Income With Strong Relationships
December 20, 2010 by admin
Filed under Business Building Tips
With a background in traditional business I tend to lean on any of the similariies found in conventional business.
One of those similarities is building networks or relationships.
I find that people who join a network marketing company are so eager to jump off the fence and begin earning income that they tend to find building a solid business a difficult thing to do.
And why is that so!
Here is an interesting case study that might help you if you have a home based business and find it hard to earn income.
Let me share this with you…
Recently I visited a business lady in Manila, Philippines, who has now become a close friend of mine. In the office of Mrs Tundag business, in Pasig last week I learn’t a few lessons in relationship building.
Sophia Tundag from Queen-S International Trading Company is a highly respected business lady in the iron and steel circles. In fact she is the only lady who sits in on the panel of that board in Manila.
And why do men who are 20 years her senior respect her.
Let me tell you a short story which may highlight how she gains respect.
Mrs Tundag had lost a contract from a large iron and steel scrap metal firm in Baltimore, USA. In spite of losing the contract which happened due to business conflict, she still managed to maintain a friendly relationalship with the firm’s managers.
In December 2010, the firm sent one of their managers to Manila to source out an agent to represent them in the Philippine region.
The uS Embassy had narrowed down 2 potential business firms to be interviewed for the agent’s position later that week.
Due to open communication between the two parties, Sophia and the US manager met as the manager dealing with teh case still enjoyed a good friendship with Sophia inspite of not being business partners.
The US company had actually 10 years ago helped to put the Philippine company run by Sophia on the trading map. This was something that Sophia was deeply indebted for and wanted to pay back the favour one day. She felt that the timing was right to give back now.
She volenteered to take this US manager around Manila to show him the steel business so that when he met up with potential agents he would be better informed.
She knew that she was given him valued information even though he was instructed by his firm not to give her any business. She was doing it for one reason: Giving back!
She certainly has a Plentiful Mindset!
After two days of intensive driving around the busy streets of Manila, She said good bye to the US manager from the steel company. It was a long tiring two days and she was giving away her time for nothing.
Sophia sat back in her chair that evening and and looked at me and said..”Claude I felt really happy to have done that. I just wanted to repay that favour”.
I smiled and said to Mrs Tundag that I have grown to admire her for her integrity and generosity.
I then asked her.. “so what happened to the selection of the agents for the steel company”. Did she know who had won the contract and who was going to be competing with her in the business now”.
Sophia informed me that when the manager saw the level of respect she had from the business community in the Philippines, he with drew his other nominations the day before his Embassy meeting, and made his company bosses to nominate Queen-S Trading as their business partner in the region.
What a Win-Win moment for both sides.
A Claude moment…
Whenever you do business, take it a upon yourself to build relationships first before you go after business.
The person whom you are building the friendship with will look pass you and see the integrity you have and will learn to trust you in the near future.
I hope you can use this little story to build you a good home based business in your own company.
You may want me to mentro you then enter your name to the right of this page>>>
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How To Select A Home Based Business, Tips on Chosing the right MLM company
December 8, 2010 by admin
Filed under Business Building Tips
Today I shall walk you through one of the various stages of entering a Home base business.
The very first step is doing your due diligence as a prospect for a new company.
Want advice on what is a good company to join right now, then enter your name in the box to the right!
So what do you have to look for in a direct selling business model?
The very first step is that you need to look broadly at the industries offering opportunities either locally in your country or as a global business setup.
Here are some key points to keep in mind when looking at industries.
Firstly look to see if the industry is booming. Is there long term growth in the industry and what are the factors fueling the growth. One such industry right now in 2010 is the “Wellness Industry” which is being powered by the aging baby boomers.
If you want to know more about this industry take a look at the video in the left hand column by Paul Zane Pilzer. It maybe advisable to buy one or all his books on the topic.
We shall cover the other points in the near future.
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Work at home opportunity in the Philippines earn extra income!
November 26, 2010 by admin
Filed under Business Building Tips
Don’t Let Me Down Said My Gym Instructor The Other Day!
I am writing this short story about what happened to me not long ago and hope it will inspire you to take action in what evver you are doing right now.
If you want a mentor to help you with your own home based business whether it be in the Philippines, Malaysia, Australia or the US, do ask me. Click here!
How often our performances go unnoticed.
Now there is a moral behind this story here so do keep reading as it might be helpful….
Last week I had an unpleasant surprise when my former gym instructor told me that he could no longer train me as he was being transfer. I had gotten used to Jay who was easy going, which I later realised was not in my interest at all.
I was being thrown out of my comfort zone…
So I was asigned to a guy I felt scared off called Mark. Now Mark had nothing going for him that said he was “bad”. Except he was Mr. Muscles and I was always in awe of him. I somehow felt that he would be hard to train under.
To my surprise I was asked to take Mark as my new trainer. Though being a bit put off as I was scared as now I really had to work out or else Mark would get upset.
Surpisingly after the first work out with Mark last week, I remembered texting him to say how much I really enjoyed the training session. For the first time in 16 weeks I felt I was being pushed beyond myself and was getting value for my money.
Someone was actually taken an interest in my health.
Now the next few session went on just like the first day with Mark ( good and motivating) until yesterday when Mark said he wanted to take my weight and check to see how I had faired since July this year under Jay. He wanted to set new goals and had to see how I had faired in teh last 4 months.
He was really surprised that though I had gained some strengthen in core areas of my body, I had actually not lost any weight and was over weight for my height and age.
He then went on to set some targets so that I could lose approximately 2 pounds every week until I came down to 165 pounds. Currently I am 182 or 85.5 KGS.
Setting New Goals!
With just concentrating on losing 2 pounds a week he said we could tackle the big steps ahead and get to our goal of around 75Kgs.
He then talked about diet and what should I eat. I was told not to eat too much rice, avoid fatty foods and fast foods, no cappchinos or ice teas, nor beer which is my weakness in Manila.
Do you know how I felt listening to him. Him telling me to give up all teh goodies I loved from sweets to beer.
Thats ruled out all the fun things I was doing before, during and after work. He sensed that and then surprised me when he hit me in the guts with quite a cool request whcih set me straight then and there. It goes as:
“Claude, do you know that if you fail in becoming fit, it woudl reflect on me as your
trainer. Are you aware I am prepared to give you 100% of my time and energy and expertise to help you succeed in attaining your goal of getting fit.”
I said I was… to which he then said
 ” can you keep your end of the deal and I will keep mine so we can get you to your goal. Remember you will be letting me down if you don’t reach your goal as my career depends on your performance here at Fitness First.”
Guess what!
He did not have to say much more. I was and am still committed to staying on track as he had my future in mind with those words.
I thank Mark for his kindness yesterday.
I am commited to staying fit for myself and will not let him down as he is now my buddy rather than my gym instructor.
Now there is a reason why I thought I should share this with you today.
Why am I sharing this….
I am in a MLM company and quite often my team members feel they are being pushed by
me so that I could get a bigger income.
The fact is true I do, but its much deeper than that.
Obviously if they do well I will but what if I am putting in 100% in helping them earn an income, and they don’t realise that.
Do they realise that just like Mark I have a profile that protrays who I am as a leader. Their success is my success too.
What if they don’t keep their part of the business deal and build they business how else will they earn money, and if they don’t earn money it does refect on my mentorship.
I started to ask my distributors now are they prepared to give me their level best considering the fact that they are building this in their part time.
I do understand that, but are they willing to give 100% just like me in those part time hours they have commited to their home based business.
If the answer is “yes” then I am also willing to help them 100% just like my trainer in my gym does to me.
Its a Win-Win for both of us then if we have a common interest and that is to promote the products of our company.
By following Mark’s example I have now started to help my new team members as well as the old ones to work with me to attain their dreams, keeping their maintainance every month upto date, learning from other team members as well as from the corporate on business matters.
I hope this little story can help people who are struggling in their home based businesses.
Please be free to leave a comment if you want that may help us all.
God Bless
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