After re-reading one of my blog posts below on this subject, I decided a little more elaboration on the point was in order and would better serve the serious researcher. In order to know what the best home based business opportunities are, one must first understand a few things about business in general. What consumer groups are profitable to market to? What products do those consumer groups purchase, and why? What is the best way to position oneself as a seller to those groups, and how does one go about doing so? According to some of the more knowledgable industry experts such as Donald Trump, Robert Kiyosaki, Tim Sales, and others, the single best way to go into business and tap into these markets is with MLM or Multi Level Marketing, also known as Network Marketing. MLM's are the best home based business opportunities for several reasons.
One can get started as an affiliate with a good MLM company, Nutronix International and The Berry Tree being two excellent examples, for a fairly reasonable start up cost, usually anywhere from $100 to $500 and have access to numerous products, websites to market them, websites to manage the business, training and mentoring from established men and women in the business. Add in an advertising allowance and one can be in business, up and running for under $1000. In most cases the company will drop ship an order placed on an affiliate's website so the affiliate doesn't have to store, handle and ship products. The company will keep record of sales, taxes, inventory, etc.
The distributor can make money both by selling products and recruiting more distributors to sell, called a downline, and making a small percentage on business done by the downline as well. Those percentages are paid through several levels and can become very lucrative over time. The real power here is not in selling products but rather in recruiting a large and active downline to sell products and earning a small percentage on their sales. It's better to make a small percentage on the efforts of hundreds of people than to make a large percentage on ones efforts only. The best home business opportunities are with companies like those above who offer good products at a reasonable price and have a lucrative compensation plan with realistically achievable qualification requirements.
As important as the type of company one chooses is the consumer group or groups they market to. It's an established fact that The best home business opportunities are ones who market to the Baby Boom Generation, in the US those men and women born between 1947 and 1964. In Canada those born between the years of 1947 and 1966, and in Australia between 1946 and 1961 are considered Baby Boomers. Companies like the ones named above have understood for a number of years now that businesses who cater to these Boomers are going to be highly successful and very profitable.
Here are a few facts one needs to understand about this group of people. They constitute the single largest consumer group in the world, today. They currently range in age from 40 to 63 years. 80% of them are employed. Their buying power is well over 2 Trillion dollars and growing. Another characteristic of this group is that as they continue to age, the products they want and need will change. The best home business opportunities are ones that market products these Boomers want now with an eye out for products they will be interested in as they age. The best companies understand that to remain profitable for many years to come, they must recognize and constantly be on the leading edge of buying trends as they emerge and they must be able to anticipate future trends and adapt accordingly.
In summary, look for a Network Marketing company with affordable products and a good compensation plan with achievable qualification goals that understands who they should be marketing to, and how to reach them. Most of these will be marketing to the Baby Boom Generation. Look for a business one can get started in for a reasonable cost, including any initial start up fees and advertising costs. There seems to be a bias against business opportunities having any start up cost at all, but this is completely unrealistic. You are not looking for a job, you are looking to start a business. To think one can do so for nothing is absurd. There are a number of good home business opportunities one can get up and running with for $500 to $1000 out of pocket. That's a pretty reasonable expectation. The best home business opportunities will be the ones that meet most or all of these criteria. So, Happy Hunting!
Showing posts with label best home based business. Show all posts
Showing posts with label best home based business. Show all posts
Sunday, February 1, 2009
Monday, December 22, 2008
Negative People, They Have No Place In Network Marketing
If you're around people for any length of time, and that's a given, if youre involved in a Network Marketing Business, you're going to run into those people who always see the worst in everything. They'll find something wrong, in any circumstance in which they may find themselves. These "Glass Half Empty" people mystify me. I simply don't understand them. The world is ALWAYS out to get them. Nothing EVER goes right for them. They're not happy unless they have something to complain about. What an unhappy way to live! It's sad, really. Now, I'm not the type of person to ostracize others just because I don't like them or the way they behave. I'm a bit on the codependent side so in the past I would've tried to fix them. I suppose that tendency comes from all my years working in the Healthcare industry. Truth is though, they're usually not fixable, not by me, at least.
In Network Marketing, these people will be a detriment to your team and death to your business. They will destroy your morale and the morale of your team in a very short time with the poison that comes out of their mouth. It's their objective to bring other people down so they can have company to share in their misery. If this is allowed to go on, negativity will spread like a cancer throughout your entire downline. Really, it's best to avoid these negative people altogether and you certainly should never try to recruit one of them. You don't want them on your team. They won't be teachable. In fact, they will find fault in whatever you do try to teach them. And they won't hesitate to voice their disagreement in your team conference calls, no matter who may be present. You don't need them spewing their venom all over your new distributors or on prospects you may have invited to listen in on the call.
I have a name for these negative people. It's fairly descriptive of the kind of damage they can do to your business, and in a very short amount of time, as I said above. I call them "Dream Killers." They will suck the life out of you. Experienced Network Marketers understand the value of surrounding themselves with positive people who will encourage and edify them and their team. They know to avoid the negative crowd. If your Network Marketing Business is going to to be successful, you must surround yourself with positive, successful people and avoid the "Dream Killers." It's as simple as that.
Now I do, however, enjoy encountering one of them when doing a training call with a new recruit. I want my trainee to see how I handle the situation. I want them to see that I don't let that Negative Nellie get the best of me and that I DO NOT let THEM control the conversation. This accomplished, I then end the call with a comment like "you're right, Network Marketing isn't for you," or "no, you're not a fit for my business and my team." I thank them for their time and hang up. It only takes one call like that to get the point across to my trainee that under no circumstances do they want someone like that on their team! It's a great training lesson. I suggest making good use of it when it presents itself. Better they experience it first with you, in a controlled environment, than on their own.
My point is this, negativity breeds negativity. It's counter productive and will destroy anyone who spends much time under it's influence, no matter how experienced they are. It certainly has no place in Network Marketing and if you want your business and team to flourish, it's best to avoid negative people, altogether. Weed them out from the beginning if you can and don't have them as a part of your team. You'll be much better off, for it. Surround yourself with "Dream Builders," instead, people who will build you up and want to be built up, themselves. Fill your downline with positive, goal oriented, "Glass Half Full" people and you will grow a successful and profitable Network Marketing Business.
In Network Marketing, these people will be a detriment to your team and death to your business. They will destroy your morale and the morale of your team in a very short time with the poison that comes out of their mouth. It's their objective to bring other people down so they can have company to share in their misery. If this is allowed to go on, negativity will spread like a cancer throughout your entire downline. Really, it's best to avoid these negative people altogether and you certainly should never try to recruit one of them. You don't want them on your team. They won't be teachable. In fact, they will find fault in whatever you do try to teach them. And they won't hesitate to voice their disagreement in your team conference calls, no matter who may be present. You don't need them spewing their venom all over your new distributors or on prospects you may have invited to listen in on the call.
I have a name for these negative people. It's fairly descriptive of the kind of damage they can do to your business, and in a very short amount of time, as I said above. I call them "Dream Killers." They will suck the life out of you. Experienced Network Marketers understand the value of surrounding themselves with positive people who will encourage and edify them and their team. They know to avoid the negative crowd. If your Network Marketing Business is going to to be successful, you must surround yourself with positive, successful people and avoid the "Dream Killers." It's as simple as that.
Now I do, however, enjoy encountering one of them when doing a training call with a new recruit. I want my trainee to see how I handle the situation. I want them to see that I don't let that Negative Nellie get the best of me and that I DO NOT let THEM control the conversation. This accomplished, I then end the call with a comment like "you're right, Network Marketing isn't for you," or "no, you're not a fit for my business and my team." I thank them for their time and hang up. It only takes one call like that to get the point across to my trainee that under no circumstances do they want someone like that on their team! It's a great training lesson. I suggest making good use of it when it presents itself. Better they experience it first with you, in a controlled environment, than on their own.
My point is this, negativity breeds negativity. It's counter productive and will destroy anyone who spends much time under it's influence, no matter how experienced they are. It certainly has no place in Network Marketing and if you want your business and team to flourish, it's best to avoid negative people, altogether. Weed them out from the beginning if you can and don't have them as a part of your team. You'll be much better off, for it. Surround yourself with "Dream Builders," instead, people who will build you up and want to be built up, themselves. Fill your downline with positive, goal oriented, "Glass Half Full" people and you will grow a successful and profitable Network Marketing Business.
Friday, August 22, 2008
How To Select The Best Home Based Business
I wish I had a dollar for every time I have fielded this question. "What is the best home based business?" I participate in a number of online forums, most of which are in the home business and MLM niche and that question comes up quite frequently. It is also a common question in various question and answer forums, like Yahoo Answers and others. It seems more and more people today are looking for a good opportunity and they want to know what the best ones are.
Being as I am involved in my own home business, of course I believe mine to be the best one out there. I recognize, however, that the business that is just right for me is not going to be just right for everyone. Home business opportunities are as different as the people who are in them as well as the personalities of people who are searching for the right one. With this in mind, I thought I would put down a few guidelines to help business opportunity seekers select the best home based business for them. Of course I am assuming that before you go through the steps I will outline below, you will have already done your due diligence and researched the company, the ownership, the products, etc. and will have determined that this is a legitimate business. The intent of this article is to help people decide which legitimate work from home opportunity is the best fit for them.
First and foremost, can you "connect" with the person who is offering you the opportunity? More than likely they are the one you will be working most closely with and they will be the one mentoring you. If your personalities are a match and you can be comfortable with them and like them, that's a pretty good indicator. You don't want to be in business with someone you don't like or can't get along with and be comfortable with. Business is about people. You're not only joining a company, you're joining a person, or persons. If the chemistry is wrong, your business venture will be a struggle and probably you will not be successful.
Do you like the product or service enough and believe in it enough to be passionate about it? You're going to be selling it, so you had better be able to be passionate about it. Would you use that product or service if it were not attached to a business opportunity? These are important questions. You cannot successfully sell a product or service and the business opportunity associated with it if you don't like or believe in that product or service. People will sense it in your voice and they will be hesitant to do business with you. More importantly they will not believe in You! Remember, business is about people and people won't buy from you unless they buy into you. They won't join your business unless they feel comfortable about joining you, even if it's the best home based business the world has ever seen.
Does the business sell products or services that people want or need? Are those products reasonably priced and Are they consumable so that your customers will have to come back for more? Or, will you be selling non-consumable big ticket items that have a large profit margin? You can make money with either, but in my opinion the former is better. I personally would rather sell high volume low priced consumables that generate repeat business.
Does the business have a good compensation plan that will produce an ever increasing residual income? Can you understand the compensation plan? If you can't understand it, you will have a difficult time communicating it to people you will be showing the opportunity to. The big money, the real power in multilevel marketing businesses is in establishing a solid team of people in your downline who can duplicate the process and keep the business growing and expanding underneath you. So, in addition to a good compensation plan, is there a marketing plan and system in place that is simple and easy for the average person to duplicate?
Lastly, is there a good leadership and support structure? This really goes back to the point about connecting with people. Without good leadership and upline support it will be very difficult for your business to be successful. As I stated earlier, the people factor is probably the single most important criteria to consider when looking for the best home based business opportunity, even more important than the product and compensation plan. You can find the absolute best products and the sweetest profit margin and compensation plan, but without good leadership and support, you will probably not succeed.
Being as I am involved in my own home business, of course I believe mine to be the best one out there. I recognize, however, that the business that is just right for me is not going to be just right for everyone. Home business opportunities are as different as the people who are in them as well as the personalities of people who are searching for the right one. With this in mind, I thought I would put down a few guidelines to help business opportunity seekers select the best home based business for them. Of course I am assuming that before you go through the steps I will outline below, you will have already done your due diligence and researched the company, the ownership, the products, etc. and will have determined that this is a legitimate business. The intent of this article is to help people decide which legitimate work from home opportunity is the best fit for them.
First and foremost, can you "connect" with the person who is offering you the opportunity? More than likely they are the one you will be working most closely with and they will be the one mentoring you. If your personalities are a match and you can be comfortable with them and like them, that's a pretty good indicator. You don't want to be in business with someone you don't like or can't get along with and be comfortable with. Business is about people. You're not only joining a company, you're joining a person, or persons. If the chemistry is wrong, your business venture will be a struggle and probably you will not be successful.
Do you like the product or service enough and believe in it enough to be passionate about it? You're going to be selling it, so you had better be able to be passionate about it. Would you use that product or service if it were not attached to a business opportunity? These are important questions. You cannot successfully sell a product or service and the business opportunity associated with it if you don't like or believe in that product or service. People will sense it in your voice and they will be hesitant to do business with you. More importantly they will not believe in You! Remember, business is about people and people won't buy from you unless they buy into you. They won't join your business unless they feel comfortable about joining you, even if it's the best home based business the world has ever seen.
Does the business sell products or services that people want or need? Are those products reasonably priced and Are they consumable so that your customers will have to come back for more? Or, will you be selling non-consumable big ticket items that have a large profit margin? You can make money with either, but in my opinion the former is better. I personally would rather sell high volume low priced consumables that generate repeat business.
Does the business have a good compensation plan that will produce an ever increasing residual income? Can you understand the compensation plan? If you can't understand it, you will have a difficult time communicating it to people you will be showing the opportunity to. The big money, the real power in multilevel marketing businesses is in establishing a solid team of people in your downline who can duplicate the process and keep the business growing and expanding underneath you. So, in addition to a good compensation plan, is there a marketing plan and system in place that is simple and easy for the average person to duplicate?
Lastly, is there a good leadership and support structure? This really goes back to the point about connecting with people. Without good leadership and upline support it will be very difficult for your business to be successful. As I stated earlier, the people factor is probably the single most important criteria to consider when looking for the best home based business opportunity, even more important than the product and compensation plan. You can find the absolute best products and the sweetest profit margin and compensation plan, but without good leadership and support, you will probably not succeed.
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