Many individuals looking to start a home based business often choose a Network Marketing company because it offers average people, an affordable way to go into business without requiring any experience or formal educational, unlike a traditional business.
There are many companies that offer independent representatives or distributors, the opportunity to earn commissions on products and services they sell. These direct sales companies such as; Mary Kay, TLC or Melaleuca, offer women a way to be able to earn a part time or full time income, from home in their spare time.
Anyone can be successful in the direct sales industry even without having sales or marketing experience because these companies offer ongoing training and support. Before starting any new business, be sure to do your research by checking with the Better Business Bureau (http://www.bbb.org). You can also visit the Direct Selling Association (http://www.dsa.org) which will help you evaluate a company.
In addition to the training you receive from these companies, understand that you are an Independent Business Owner and your success and earnings are solely based on your efforts and that of your team/organization. You must not only have a desire to succeed, but be willing to do what it takes, on a day to day basis, to grow your income.
7 Ways to Build Your Home Based Business
Be a Product of Your Product – As women, we rarely have a hard time telling a girlfriend about the amazing meal we had at a restaurant, where we bought our newest outfit, or how much we laughed while watching the latest movie.
When you have firsthand experience with your products or services, it makes it so much easier for you to openly share with others, what you like about it, and why they may like it too.
You will be better able to explain how it works, how to use it properly and even what result or benefit it offers.
Treat Your Business Like a Business – Most people fail in their home based business because they don’t treat it like a business. The same way you show up every day to a traditional job, you need to do the same for your business. Being your own boss should not be a pass to slack off and expect a lucrative income working 1 day a week.
Your business is NOT a hobby and you must commit to building it in order for it to grow. It takes a great amount of time and dedication early on to reach a sustainable and consistent profit.
Take Advantage of Training and Education – If your company offers training meetings, seminars, conferences, etc., it is in your best interest to attend. These are designed to help you learn more product knowledge, marketing skills and sales techniques that allow you to better serve your customers and run your business.
Learn to Set Goals – In order to be successful and achieve the things you want, you have to plan for it! Take time each week and month to write down your sales goals, team building goals, or other desired accomplishments and create your plan to make it happen.
If you want to see results, you have to know what action steps to take in order to reach it.
Create a Working List – This is a very vital part of growing your business. Typically, you start with a list of people you know (your warm market). As time goes on, that list will grow from referrals and new people you meet.
Network marketing is a people business, so it’s a good idea to get in the habit of working from your list and be willing to contact a minimum of 5 people a day about your business.
That may sound like a lot, but when you utilize the internet and online business tools that help you generate new leads daily, you will never run out of prospects to talk to.
Growing Your Team – Most network marketing companies offer you extra bonus or residual commissions when you help other people get started in the business with you. To earn a steadily increasing income, building a team to leverage your time and efforts, can create a solid monthly profit.
Take advantage of every aspect of your companies pay structure or compensation plan to be able to maximize your earnings.
Follow Up is a MUST – In this industry, following up is imperative. If you hold a presentation and everyone doesn’t buy, you follow up for a sale later. When you meet with someone about partnering with you in the business and you don’t get an immediate yes, you continue to follow up until you get a definite – NO.
This process may be a daunting task for some. You’ve got to have great time management skills and know how to manage your leads and prospects. Part of what we do is following up and you’d be surprised at how often people are appreciative of you staying in touch because more times than not, they are interested but the timing my not be right.
When building your home based business, apply these 7 tips along with patience, consistency and determination, to experience the flexibility and freedom of being a small business owner.
If you’ve been looking for a way to launch or grow your network marketing business and create success for you and your team, find out how this online business system is helping home based business owners, leverage the internet.