You can’t, of course, succeed in anything in life without trying. However, you can ensure that you are not one of the 99% of all other network marketers or home-based entrepreneurs who fail within their first five years.
Follow these top tips for success in choosing and running your own online home-based business and you should avoid the pitfalls that destroy so many other would-be entrepreneurs.
1. Choosing the right business is the key. There are so many out there it is easy to be overwhelmed and confused. They all sound amazing in the sales pitch!
I suggest you find an online home-based marketing system that has been designed, put together and evolved by experts in the field. Learn from their joint experiences.
They have become millionaires for a good reason. They know what they are doing and have learnt the tricks of the business in their climb to the top. Why reinvent the wheel? Why try to beat them at their own game and cobble together your own erratic system?
If the experts have developed a system based on their own experiences in generating wealth, and they are offering to share that experience with you in an online home-based business package, grab the opportunity with both hands, say thank you very much and save yourself a lot of time and energy.
2. Choose a marketing system that targets products from a reputable company. If you’re trying to sell something and your success depends on attracting buyers, it is essential that you trust the company you are promoting.
You should be offering a top quality, preferably unique, product line that you can be proud of and get passionate about. If you don’t believe in your own product, how can you convince other people to buy it? Better still, choose a product that will actually benefit your own online home-based business system.
3 .Choose a top tier product that offers a great compensation plan. Better still, a duel compensation plan; upfront money and a residual income. Top tier products will attract a high calibre of people, which produces a high level income for you.
Why flog yourself for measly rewards? It’s hard enough generating traffic, let alone buyers. You need to feel you will be properly rewarded for all your hard work. It’s easier to get one generously compensated sale than 150 sales of a lower tier product.
4. Choosing a turnkey marketing system will save you an awful lot of time, effort and frustration. The beauty of it is, it’s all done for you. There is no lengthy start up time and the product is found for you. Ideally, especially if you’re just starting out, you need to choose an online home -based business opportunity that provides its members with pre- designed websites, auto responders, qualifying filters, an extensive back office and a call centre for support. People with little or no sales expenence would also benefit from a comprehensive training scheme and solid support system behind
Famous for being the planets largest grower of aloe vera plants, Forever Living is an international multilevel marketing company that has been in existence for 25 years. Well, apart from being the planets biggest grower of aloe vera, they are the worlds largest bee keeper as well, since they also market natural-based products from the bee hive. The company is headquartered in Scottsdale, Arizona, and from reading a number of Forever Living reviews online, I found out that the company continues to have a large and loyal base of followers in the US and overseas.
Pioneers In Marketing High-quality Aloe Vera Products
Formed in 1978 by Rex Maughn and Karl Jensen, the company is best known for marketing aloe vera-based products, ranging from nutritional supplements to cosmetics and skin care items. Their acquisition of Aloe vera of America in the 1980s gave them a lot of headway in marketing and promoting their products. Apart from marketing aloe and bee hive-based products, the company has expanded its product range and now offers an assortment of herbal supplements, as well as air and water filtration systems.
How Distributors earn Their Profits?
In the companys business opportunity plan, distributors are mainly part-time agents who sell the products in person, or online. These independent distributors get their commissions from their personal sales, as well as from the products sold by their recruits, or downlines, which theyve brought into the company. Those who wish to earn considerable income need to devote a large amount of time and effort in recruiting a sizable number of distributors.
On its official web site, the company gives three reasons on why you should be a distributor. First, this allows you to start your own home-based business. Second, it allows you to sponsor friends, family, co-workers or business associates, and get commissions if they sell or buy the products. Fourth, as an independent distributor, youll be able to buy the companys products at a hefty discount, and then sell them for a 40 or 50 percent profit.
Apart From Profits, Distributors Get Juicy Bonuses
Aside from earning from your personal sales and the commissions from the sales of your recruits, you can also avail of what is called a group volume bonus, which will depend on the number of people who sign up under your organization or team, as your sponsor or recruit.
This means that the more individuals you recruit, and the higher their sales volumes, the more bonuses and commissions shall you get. This goes to show that the earning potentials are truly high, and it will all depend on how you entice prospects, as well as on how you motivate them to increase sales.
Based on reading the other Forever Living reviews on the internet, the company now has over four million distributors located in 44 countries. Their product offerings have expanded from just marketing aloe vera and bee hive products, and now range from daily care, skin care and cosmetics, health and nutrition, and even animal health and care products. The companys marketing plan has been tried and tested, and is sure to offer success to those who faithfully follow the business philosophy.
Duplication is the key to grow your home-based business in network marketing.
Duplicate your network
Network marketing is a home-based business where as the name implies, you can work at the comfort of your own home. Actually you are your own boss and employee of your organisation but you are not going any further than that without building your network.
So you need your down-line to help you to expand and bring in more business builders and customers. It is much productive to have 1000 people working for you for one hour a day each than you putting in one hour yourself.
When you recruit John, John became your down-line. When John signed up Mary and Mary signed up Peter, all these people Mary and Peter will also be your down-line.
From the above, you can see the power of duplicating your efforts and each one below you who will be duplicating their efforts to sign up more people to their down-line.
Let see how a simple example how duplication can helps to grow your network exponentially:
First you signed up 2 recruits as your first layer. Then they duplicate their effort and each of your first layer recruits 2 members each to bring your second layer to 4 members.
Then the 4 members in the second layers will recruit 2 members each, bringing your third layers to 8 members.
Then the duplication continues, and each of the 8 members in the third layers will bring in each 2 new members, bringing in a total of 16 members as your fourth layer.
In a matter of a week or so depending how hard you train your down-line, you have produced 30 members in just 4 layers. Remember that the person you signed up and those your down-line have signed up are all your down-line.
Double your efforts
Can you imagine if you would double your effort and guide and help all your down-line to double their effort too and you would have hundreds and even thousands when you go to seventh or tenth layers down?
Disregard what is your status in the organisation, you will be compensated from the purchases of your customers you recruits and that of your down-line own purchases and that of their recruit’s purchases and those of their customers’ purchases, and not only solely on the basis of how many recruits you have got.
To duplicate your marketing effort is like cloning yourself. In order to clone yourself, you must pass on your skill and knowledge of prospecting to your down-line.
Earn residual income
If your down-line can duplicate everything you have learned and are doing everything like you to bring in business builders and customers, you have created a win-win situation. In this case, your down-line will earn tremendous residual income from repeated customers’ purchases. Your down-line success is also your success to earn the residual income of your entire organisation.
Carbon Copy was designed by Alan Moore, Jay Kubassek and Aaron Parkinson in 2004. Carbon Copy is an elite program that teaches network marketers how to build successful home businesses. According to leading marketing researchers, over 60% of network marketers fail within the first two years of their operations.
CCpro’s foundation is based Wealth Masters International (WMI) financial products to enhance financial management to help network marketers learn how to make, manage, and multiply their income effectively.
Jay Kubassek’s plan was to help network marketers establish numerous income opportunities to keep money in their pockets while building their business. The whole objective of CCpro is to encourage marketers to channel their energies in different directions to ensure success.
This is called the funded proposal.Another important aspect of the system is removing the stigma of promoting one’s business. Forget about the business- focus on promoting your skills, experience, and capabilities with customers. The initial discovery of this technique helps network marketers position themselves as leaders in the industry.
A well-rounded background and training program is available as well:
* Lead generation system
* Business Management and Marketing training
* Personal Development
* Effective sales page for great sales opportunities
* Automated income from a proven sales system
In the beginning, network marketers are given the opportunity of a lifetime. Carbon Copy Pro removes the hard work from owning a home-based business; its functions are controlled by the Elite Millionnaire Mastermind Group. Your responsibilities are to provide the leads and the system makes the sale.
What more could you ask in acquiring a home based business online?
The educational resources, excellent support, and high-converting sales page makes the Carbon Copy Pro the only system that can ensure success. You receive training in every aspect of the business including marketing, coaching, and setup. Marketers get the best of the best in learning through webinars, forums, business coaching, and more.
The initial investment of $400 gets everything rolling for your online business. Your investment helps you gain access to the most successful marketing family available as well as resources to improve your overall business experience. If you want to leave the sales to professionals, you can do so. You have to put forth an effort in establishing yourself in the industry; the beauty of using Carbon Copy Pro is that it will not take you very long to stand above the rest.
The home based business world is a weird and wonderful place. In this article we will take a quick insiders look at how to run an online home business to help determine whether this industry is for you or not.
We will also look at the best way for new entrepreneurs to fast-track the success of their online business.
The obvious advantages of a home based business are financial and personal freedom. Many people do not start their own online business to try and become rich, but simply to earn just as much money as in their 9 to 5 job from home. So I would say the freedom aspect is the most appealing part of the industry to most people.
It is a great feeling for your morning commute to simply be from your bedroom to your coffee pot! That is what makes it all worth while, no matter if you become an online millionaire or not.
But a home business is not as luxurious as it first may seem. Newbies to internet marketing are forgiven for thinking that it will be a quick and easy ride.
I think we all go through an initial 6 to 12 months of looking for the quick and easy “secret” to internet riches.
I blame the sales pages of online business opportunities. They make it sound so much easier than it really is just to entice the newbies in.
In reality, a home business is hard work. And you will not suddenly go from newbie to living the internet lifestyle in a few weeks or even months.
Quick progress can and does happen, but you need to set realistic expectations from the start.
Don’t see it as a short term thing where you will just dip in your toes for a month or two and then quit if you are not making a full-time income after that. Take you time, embrace the challenge, and celebrate the smallest of successes on this exciting journey.
Many people fail with online marketing not because it is hard (it is hard, but not rocket science either) but because they quit. If you approach things from a positive attitude over a consistent period of time and keep tweaking and improving your marketing then it will be hard not to get results.
Another thing to be aware of is that you can feel quite isolated working from home.
I remember when I first quit my job, I thought it would be the best thing ever to be at home all day. It is very cool, but just be prepared to get a bit bored and lonely from time to time in an empty house when the rest of society is at work.
And work ethic is also essential. In a 9 to 5 job you can get away with just doing the minimum amount of work required to not get fired. But with a home based business you need to be self motivated and be prepared to work even harder than a typical job when first starting out.
If this is what you really want to do, then you can do it. Just set yourself realistic expectations and be in it for the long haul and you will do just fine.