Business Plan, Ideas, Opportunities, Development, Planning

Do you know why most networking marketing (MLM) businesses fold in their first year? The answer may surprise you. You probably know that most traditional, brick-and-mortar businesses (like a store or shop) fail in their first year because the expenses compared to revenues are just too great. This is seldom the case with network marketing. There's very little investment required, you don't need to purchase large stocks of inventory, and there's very little if any overhead because you are working from home. In fact you get paid for the home space used in the form of a tax write off. So what is the cause of failure in network marketing business start-ups? I can tell you in three words... Lack of Commitment. Most give up on their network marketing business in the first three months. They don't even give it time to grow! Many people start out with a list of goals - reasons they want their own home-based business. For example... o Time to enjoy

When you joined the MLM industry as a "newbie" what was your expectation of the time that you needed to spend to build your business? What was your income expectation?  Most of us have false expectations which are based upon false truths being told to us by our "upline". It's part of the "hype" that most people experience when they join an MLM company. Look, when you're being told to get 5 people and those 5 should get 5 and so on...it's just creating false beliefs and false expectations. Usually you're told... that's the formula to MLM riches. You get 5 and they all get 5. Honestly, who was the last person you saw in the MLM industry to do that? Of the tens of thousand of new people who enter the MLM industry how many actually achieve success that way? So many people enter the revolving MLM door, and they're just another statistic of failure. If you have a false expectation the likelihood is you're "destined no

Are you a leader who appreciates and recognizes the members of your team? You do recognize that your success is as a result of your "team" not just your own...right? It's so important to have an attitude of gratitude not only in your heart, but in your actions as well. I'm often asked about the required skills one needs to be a leader in the MLM industry. Recently a friend shared an amazing story with me about the power of "gratitude and recognition". These are definitely 2 traits that all leaders have and so let me recount this wonderful story. This great story is about Captain Charles Plumb, who was a graduate from the Naval Academy. After 74 l combat missions over North Vietnam, he was shot down in his plane. Although he parachuted to safety, he was captured and tortured and spent 2,103 horrific days in a small box-like cell. Surviving the nightmare, Captain Plumb received the Silver Star, Bronze Star, the Legion of Merit and two Purple Hear

About 40 years ago when I had been in the Army Reserves, I was stationed in Fort Benjamin Harrison in Indiana to receive some advanced training. I was one of the first to learn about the advent of computers and the future that lay in my hands at that time. Little did I know that one day there would be this powerful and awesome technology called the Internet and how it would be impacting my life and business. For the past 20 years my wife Ann and I have been home business entrepreneurs and have helped thousands of people around the world to achieve great success in the MLM industry. Over the last several years as the Internet has developed and accessibility for everyone has gotten easier, so has the opportunity for us to utilize this wonderful technology to build our Internet driven Network Marketing business. It has created major ground breaking potential for the entire MLM industry that's never existed. Today there are Billions of people worldwide who are discove

There are 3 basic principles I'd like you to learn about today to help you understand the Network Marketing Industry. They are as follows and unlike traditional business, the MLM industry applies all 3 principles to build the business: 1. LEVERAGE 2. RESIDUAL INCOME 3. DUPLICATION In the MLM industry "Leverage" is KING. Here's what I mean... we all have the same 24 hours in a day so let's apply the principle of leverage here in a typical 24 hour day of the life of an MLM person. Imagine that in the course of the 24 hours you can achieve quite a lot of things... you can have many telephone calls to prospects, you can have many personal face-to-face meetings, you can attend some business presentations and seminars, and of course you can read an informative book or listen to a CD or view a DVD that can give you greater knowledge. Now, let's assume that you have just introduced your company, products and business opportunity to a friend wh

I must say that there are so many rumors that surround the MLM industry that I decided I'd like to address them for those of you who are taking a serious look at this industry. First let me begin by letting you know a little about myself and why I'm involved in this industry. I had been a successful business manager and accountant for major rock stars around the world for 35 years. Now if you could imagine I had offices in New York City, Los Angeles and associate offices in London and had 13 employees and massive overhead and huge business and financial responsibilities with my clients. About 20 years ago my wife Ann, who was a management consultant when we were living in NY City, was working 60-70 hours a week... talk about stress. She wanted to change her business life so she could have more time freedom. As a result of some exploration into different businesses, she chose the MLM industry while I continued with my business management practice. Well, lo and behold w

The lifeblood of any Network Marketing business is recruiting and growing a strong team. Here are some HOT TIPS on generating a strong downline and keeps your business growing every day. HOT TIP #1: GET PERSONAL Your team wants to know who they have partnered with. Send a monthly newsletter will sales tips, or some other form of communication for motivation. Perhaps a free forum so everyone can share ideas and offer support to one another. HOT TIP #2: MAKE YOURSELF AVAILABLE Have regularly scheduled time to speak with your team. Regular contact shows them that you care. This gives you and your team an opportunity to share their thoughts and ideas with you. HOT TIP #3: HOLD A CONTEST Offer prizes or free services to new recruits such as coaching and mentoring classes. Offer coupons to the team member who recruits the most new team members. HOT TIP #4: WRITE A POWERFUL ARTICLE Article marketing can provide an avenue for free web site traffic. Write several articles, link