Don’t count on luck to make you wealthy.
The truth is, counting on luck is for losers. But luck can be made to work in your favor if you prepare for it. How do you prepare for luck?
You prepare for luck by educating yourself about the business and investment opportunities you’re interested in, focusing your energies and financial resources on building your empire, and being at the port when your ship comes in. Consider this example:
During the annual convention for a multi-level marketing company a man named Sam Hinkle was invited onto the stage to be recognized as a “Gold Executive,” the highest distributor position in the company. The emcee announced to the awe stricken audience that Sam’s annual income exceeded one million dollars. As the excited crowd settled down, a woman said, “He’s so lucky. I never have luck like that.”
Later that evening one of Sam’s associates was interviewed, and he was asked to define what made Sam successful. The man said, “Sam has worked sixteen hours a day, every day of the year, for the best three years building his business. He calls around fifteen prospects a night, and hosts opportunity meetings almost nightly. And, you should see his garage. It’s like a bookstore, packed with books, tapes, and videos on how to work the business. Sam works hard. He’s earned every penny he’s ever made.”
Is Sam lucky? Yes. But Sam makes his own luck through hard work and perseverance.
Tuesday, July 28, 2009
Get Involved in Network Marketing
Before you can expect to succeed in network marketing, you must get involved in network marketing.
Your invitation to the world of network marketing may come in any one of many different forms. Some network marketers find classified ads effective, whereas others succeed through cold calling. The tried and true method is to discuss the opportunity with the people you know (friends, relatives, co-workers, and ideally, steady customers) then expand your organization size through helping those recruits introduce people to the opportunity from their own personal spheres of influence.
Either way, to become successful in network marketing, you must get involved. Being involved is not limited to joining. Being involved means taking an active role in building your own business, attending opportunity meetings weekly, conducting training seminars in your living room, using the product or service you market, and sharing the opportunity with everyone you meet.
If you have yet to join a network marketing company, look for a company that meets the following criteria:
• Has been around for over 5 years.
• Has a sound management team and history of paying its bills.
• Sells high quality, consumable products not readily available in retail stores.
• Offers direct purchase of product from the company, not through your sponsor.
• Pays distributor checks directly to you, not your sponsor.
• Offers professional marketing materials, such as catalogs and training videos.
• Has a simple compensation plan (matrix) you can describe on a paper napkin.
• Is not overly blasted by negative comments on Internet chat rooms.
• Most of all, be sure your sponsor is somebody you respect and want to emulate.
The quickest way to find the answers to most of these points is to go to www.google.com and conduct a search on the company name. Avoid the company-sponsored websites at first. You want the candid truth from the general public. But, keep in mind that every successful company has its share of horror stories and disgruntled former distributors.
For example, look at Amway and Questnet (I do not represent any). These two companies have probably produced more network marketing millionaires than any other and have a long history of producing quality products and honoring its financial obligations, yet you will have no problem finding numerous websites warning you to stay away from these two companies. Consider the source. Weigh the evidence. Then decide for yourself what is right for your personality and goals.
There are hundreds of opportunities out there, so do your homework. Know what you’re getting in to. When you join a company, you become part of a team. Be loyal to that team and support it, just as you would your son’s high school football team.
GOOD LUCK!!
Your invitation to the world of network marketing may come in any one of many different forms. Some network marketers find classified ads effective, whereas others succeed through cold calling. The tried and true method is to discuss the opportunity with the people you know (friends, relatives, co-workers, and ideally, steady customers) then expand your organization size through helping those recruits introduce people to the opportunity from their own personal spheres of influence.
Either way, to become successful in network marketing, you must get involved. Being involved is not limited to joining. Being involved means taking an active role in building your own business, attending opportunity meetings weekly, conducting training seminars in your living room, using the product or service you market, and sharing the opportunity with everyone you meet.
If you have yet to join a network marketing company, look for a company that meets the following criteria:
• Has been around for over 5 years.
• Has a sound management team and history of paying its bills.
• Sells high quality, consumable products not readily available in retail stores.
• Offers direct purchase of product from the company, not through your sponsor.
• Pays distributor checks directly to you, not your sponsor.
• Offers professional marketing materials, such as catalogs and training videos.
• Has a simple compensation plan (matrix) you can describe on a paper napkin.
• Is not overly blasted by negative comments on Internet chat rooms.
• Most of all, be sure your sponsor is somebody you respect and want to emulate.
The quickest way to find the answers to most of these points is to go to www.google.com and conduct a search on the company name. Avoid the company-sponsored websites at first. You want the candid truth from the general public. But, keep in mind that every successful company has its share of horror stories and disgruntled former distributors.
For example, look at Amway and Questnet (I do not represent any). These two companies have probably produced more network marketing millionaires than any other and have a long history of producing quality products and honoring its financial obligations, yet you will have no problem finding numerous websites warning you to stay away from these two companies. Consider the source. Weigh the evidence. Then decide for yourself what is right for your personality and goals.
There are hundreds of opportunities out there, so do your homework. Know what you’re getting in to. When you join a company, you become part of a team. Be loyal to that team and support it, just as you would your son’s high school football team.
GOOD LUCK!!
Sunday, July 5, 2009
Introduction to Network Marketing
Hello Everyone!! Its been a very very long time since the last time ive posted, but im back now with a new post!
First of all i would like to say happy 4th of July to my American readers! I know im a day late, but its better than nothing.
Anyway, today, im going to be talking about Multi- Level Marketing, also known as, Network Marketing. Another way of making you a lot of money.
Lured by outrageous promises, too many people jump into a home-based business before they’ve really had a chance to look under the covers. If this is you, it’s okay. It’s happened to the best of us. Just remember the old adage, if it seems too good to be true, it is.
In addition to seeking an opportunity that is appealing to people who want to build a business of their own, make absolutely certain the company you select provides a legitimate product or service that offers real value to a target audience. You should be able to attract customers who want to buy your offering for no other reason than it’s a great product. Your residual income is dependent on this.
Once you’ve selected a company, the real work starts. Learn your business inside and out.
Potential customers will want to know why you have a solution to their problem. Why is your offering different? How does it work? The ability to confidently respond to prospects’ questions with accurate facts and figures will give you confidence. And the more confidence you have, the more sales you’ll make.
The same goes for working with people who are interested in joining your business opportunity. Study the history of the company and its management. Be able to speak to the size of the market for your product. Does it address the needs of a specific audience? Does it capitalize on a growing trend? Know the compensation plan like the back of your hand (this can be challenging, but find someone in your upline who will work with you until you can pitch it in your sleep).
If you are just starting out, it’s understandable that you’ll have a learning curve. Make a cheat sheet and lean on the expertise of your upline. They’ll be glad to help.
I hope you enjoy reading this post and maybe get into Network Marketing. Stick around for more posts about this topic.
First of all i would like to say happy 4th of July to my American readers! I know im a day late, but its better than nothing.
Anyway, today, im going to be talking about Multi- Level Marketing, also known as, Network Marketing. Another way of making you a lot of money.
Lured by outrageous promises, too many people jump into a home-based business before they’ve really had a chance to look under the covers. If this is you, it’s okay. It’s happened to the best of us. Just remember the old adage, if it seems too good to be true, it is.
In addition to seeking an opportunity that is appealing to people who want to build a business of their own, make absolutely certain the company you select provides a legitimate product or service that offers real value to a target audience. You should be able to attract customers who want to buy your offering for no other reason than it’s a great product. Your residual income is dependent on this.
Once you’ve selected a company, the real work starts. Learn your business inside and out.
Potential customers will want to know why you have a solution to their problem. Why is your offering different? How does it work? The ability to confidently respond to prospects’ questions with accurate facts and figures will give you confidence. And the more confidence you have, the more sales you’ll make.
The same goes for working with people who are interested in joining your business opportunity. Study the history of the company and its management. Be able to speak to the size of the market for your product. Does it address the needs of a specific audience? Does it capitalize on a growing trend? Know the compensation plan like the back of your hand (this can be challenging, but find someone in your upline who will work with you until you can pitch it in your sleep).
If you are just starting out, it’s understandable that you’ll have a learning curve. Make a cheat sheet and lean on the expertise of your upline. They’ll be glad to help.
I hope you enjoy reading this post and maybe get into Network Marketing. Stick around for more posts about this topic.
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