Archive for January, 2010

If you want to have massive success in your network marketing business, you will need to have the mindset of a millionaire. People who have success in network marketing and make five figures a month and six figures a year have the mindset of a millionaire. They have developed that mindset way before making six figures a month. They have a strong why, set goals and achieved those goals by following a game plan. They focused on one company while others jumped from company to company and stuck to one marketing method while others tried everything under the sun.

Maintaining the mindset of a millionaire requires dedication and effort. You need to be focused on what you have instead of what you don’t have. For Example, you should be thankful that you have a place to sleep and that you can afford to put food on the table. Too many people in the world that don’t have those things.

Too many people who have those things focus on what they don’t have, get frustrated and end up getting nowhere. When you focus on what you have, you will be a happier person and will attract more abundance.

Every morning, you should take time to write down five things you are thankful for and five things that you want to achieve in your business. Writing these things down will help you to focus on what you have and what you want to achieve. It will reinforce what you are thankful for and lead you to abundance.

It is also important to find out what your WHY is, write it down and put it where you can see it every day. Your Why is always different from other people. Your why could be to become more financially independent, have a better life style for your family, put your children through college, etc. Those things are what will motivate you to set goals and achieve those goals.

The goals that you want to set for yourself should include both short-term and long-term goals and action plans and deadlines to achieve those goals. Short-term goals should be goals that you want to achieve in 90 days or less. Long-term goals are goals that you will want to achieve within a year. An action plan should be made to achieve those goals and deadlines should be set so that you don’t procrastinate taking action. Keep in mind that the goals that you set should be reasonable and attainable. You want to set a goal to make $1,000/month before you set a goal to make $5,000/month.

When many people get started in network marketing, they tend to jump from company to company since they are hoping that the next company that they join will give them the success that they are looking for. This is a huge mistake since it is not the company that is causing them to struggle. It is them because they lack the skills and mindset necessary to have massive success. Instead of spending money to join another company, you should invest the money in education and training.

Finally you should find a marketing method that you are comfortable with and stick with it until you have mastered it. Too many people will try one method and find that they are not getting the results they want and move on to another method. They are spreading themselves thin and are not giving themselves a chance to learn how to master that method. If you stick with a method that you are comfortable with, you will eventually see results.

If you follow what I have written above, you will start to see results in your network marketing business.

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Erica Combs who is the Vice President of Golden Mastermind Seminars, is an internationally recognized speaker, author and trainer. She is highly dedicated to her work and her clients. Erica Combs recently put on a webinar for MLM Lead System Pro about Seven Habits of Highly Successful Sales People which are:

1.  Communicating that trusting you is a sound business decision

2. Commanding the conversation

3. Finding key requirements among quality buyers

4. Asking for the next appointment in the first meeting by providing them two options of days and times.

5. Asking for referrals

6. Beginning early and staying late

7. Maintaining your sense of humor

It is important that you communicate to your prospects that trusting you is a sound business decision. You want to give them a clear message of why to do business with you rather than doing business with someone else. You want to communicate the value you can provide to your prospect. Top sales people inspire trust with their prospects and find a solution on what their prospects are seeking.

Throughout the conversation, you need to assume command and control where the conversation is going. When you are meeting with your prospect you need to first introduce your name, where you are calling from and the purpose of your call. For example, when I am on the phone with my prospect I will say “Hello John this is Ted Hunsaker from California. I am calling you because you stopped by my website recently and requested more information about working from home. Are you still looking for information?”

You need to find out what your prospect is looking for and why. It is important that you listen to your prospect carefully so that you can determine where you are in the process. Remember, prospecting is a process and not an event. You need to determine if they are ready to buy or if they need more information.

Finding key requirements among quality buyers is essential. You need to educate yourself and your prospects before getting them to buy from you. You need to look at each prospect as an opportunity as well as a relationship that you develop over time.

A decision of whether or not to buy from you needs to be made in less than 72 hours if the amount involved is $1,000 or less. Remember that 85% of your prospects will buy from you based on emotion while only 15% buy based on logic, facts and figures. This is why you need to let them know that the product involved provides opportunities for reward, being part of a team, creating value, etc.

During the first meeting you will need to ask for the next appointment. You should give them two options for days and times. You should schedule a time that is convenient for both of you. You will need to listen to their response carefully. For example, if they say “I will try to make it tomorrow at 8pm.” Then you should be a little concerned about your prospects commitment with the opportunity.

You should always ask for referrals since they are free and the people who are referred to you trust you because the trust the person that gave you their name and contact information. You can earn trust based on a chain of referrals.

You will also want to begin early and stay late. The person who usually does this in the business world is the owner of the business. You want to start early so that you can have some quiet time to get ready for the day.

Finally you will want to maintain your sense of humor by maintaining a positive energetic posture since people like to work with people who have a sense of humor and are energetic.

If you develop and implement those seven essential habits you will be able to take your network marketing business to the next level.

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Six Reasons to Start a Home Based Business

Millions of people look to start a home based business every single day. They do so for many reasons. Everyone has different reasons. Here are the six common reasons why people want to start a home based business.

  1. Financial Stability
  2. Time Freedom
  3. Income Potential
  4. Family Time
  5. Location Flexibility
  6. Tax Benefits

You can have a lot of financial stability and security because you are not relying on a paycheck from your boss to pay for your bills. You are probably aware that the nation currently has a high unemployment rate. Experts predict that it will probably take years to recover the millions of jobs that were lost during the recession. If you still have a job, there is no guarantee that you will have that job next month or two months from now.  Employers are always replacing employees nearing retirement with younger employees who are accepting lower pay.  So if you are over 50, your job is probably more vulnerable.

By starting a home based business, you don’t have to worry about being laid off because you are your own boss and you have control over your financial situation.

By being your own boss you also have time freedom and flexibility. You don’t have to wake up early to be at your job at the time your boss says you need to. You can wake up anytime you desire and go to work when you want to. You can also leave to pick up the kids from school or go to the doctor or dentist without having to tell your boss. You can go on vacation when you want for as long as you want. You never have to worry about not having enough sick days. A home based business will give you all these flexibilities.

You can also make as much income as you desire. It is up to you how much work you want to put into your business. You will make a lot more money than you will ever make working for someone else. People in the network marketing industry are making five even six figures on a monthly basis.

A home based business is ideal for people who want more family time including working mothers. Since the 1980s the number of households with two incomes has been increasing. This has caused a lot of issues with families. No wonder why divorce rates are very high. Working moms drop their children off at daycare and don’t see them for the rest of the day. They spend all day at work and when they come home, they are burned and stressed out from work and still have to take care of the kids and the house. Working moms who work from home have a better quality of life and are happier with their marriage. Their children do better throughout life as well.

With a home based business, you can live anywhere you desire. You don’t have to worry about being transferred thousands of miles away from friends and family so that your company can cut costs. Children who don’t have to move from place to place throughout their childhood have a better quality of life than children who move constantly from location to location.

You can also benefit from many tax advantages of owning a home based business. All of your ordinary and necessary business expenses are tax deductible. These are expenses that you need to incur to keep your business running. You can also deduct a portion of your home that you dedicate exclusively for business.

If you want to be your own boss learn how you can start your home based business by visiting how to start a home based business today.

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