Network Marketing Tips! When launching A Business -what are ‘The Pitfalls To Avoid’ to succeeding in Network Marketing.
As I read the chapter – Launching A Business in LIKE A VIRGIN I could not help seeing the similarities we have in network marketing. Someone starting a network marketing business is also an entrepreneur. He or she is going out on a limb to create something out of a vision or dream, seeing a vacuum in the society around them and embracing the business concept of network marketing.
Network Marketing Tips For Success!
Now just like any start-up business network marketing is the same where mistakes are concerned. Though mistakes are great to make especially when we get started, we must use them to help us to move forward not hold us back. Some mistakes should not be there in the first place. I will cover these in this post.
Sir Richard Branson says that bouncing back from mistakes quick enough is very important for a business to survive. Recovery is important and must be done fast. To top it off he says entrepreneurship is all about drive, stamina and determination. These contribute to secrets to network marketing success –
- stamina &
Network marketing comes with many pitfalls many of them based around rejection, not being accepted, etc. This is normal for you as the entrepreneur are breaking out from the mold that is common to all. You are being different and rejection comes with being different. You just have to accept all this as part of the MLM business. When you achieve success people will praise you. Until then accept them not to want to know you. Remember a prophet is seldom recognized in his lifetime.
Create The Business Plan – Succeed In Network Marketing!
Sir Richard Branson goes into detail that a detailed business plan is very important when you go after an opportunity. Most young entrepreneurs especially in network marketing feel their success will come from just chasing people. Many will never create a plan and the few who do seldom execute it often enough for it to create the success they want. You must always have the end in mind.
Find The Right People!
Next where succeeding in network marketing is concerned is the finding the right people.
Hiring of people is very important too as they will carry out the plan you created so that you can step back and enjoy the MLM business down the track. In network marketing this is the same. Look for people who will compliment your team with the right skills and knowledge. Look for people with connections or networks. This is one of the main keys to network marketing success.
For all these reasons mentioned above I find that in network marketing is based on simple business principles. We can use what we see in traditional business in our network marketing business too.
Don’t Go In Under Capitalized!
We need to have the stamina, drive and determination once we have decided we want to create a home based business. Coming in with little or no money is quite hard to get the business off the ground fast enough. You will need a lot of drive and will power to make it work. People have started with absolutely nothing so it is possible. But if you can avoid it then work with a good plan.
Starting With Too Low A Budget!
Most people come in with less than $1000 and hope in 6 months that they will be making over $500 a week with just 2 hours of work weekly. Most of these people are never consistent and rarely read up on what the industry is or what the products are for. Invest in your education and develop the skills needed for your success in network marketing. Unless you learn you will never earn in network marketing.
Avoid Being Critical Of Costs – The First Few Years Its All Investments!
One of the major drawbacks of most people is they start to look at their initial outlay of investment as a expenditure rather than a capital investment into getting their business started. In your initial years in network marketing allow for losses to take place. The expenses seen will be for meetings, books and CDs. These are running costs for keeping your business open for trade. Don’t think of these expenses as losses. Its an investment for the future.
Network Marketing Tips by Robert Kiyosaki “Have a 5 Year Plan In Mind”!
Give Yourself Time To Succeed!
As Robert Kiyosaki says if you are planning to start a home based business in network marketing make it a 5 to 7 year plan. Its certainly not a quick get rich scheme. Get yourself a job to pay the bills and do the home business part time in 5 to 15 hours week to create your dream life.
My Advice About Succeeding In Network Marketing!
So if you are looking at a home based business in network marketing allow yourself a good 5 years, invest at least 10 hours a week and allow to place a few dollars into tools and products so you can market these. Make a plan and then work that plan everyday. Show up for business everyday for 5 years and you probably never have to worry about money again.
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