Network Marketing

Things to Look for in a Home Based Business

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In today’s economy, it seems like more people are being drawn to the home based business industry. The idea of a low start-up cost, residual income and the opportunity to work from home is pretty enticing. Who wouldn’t want to give it a try, right?

That’s exactly why this article needs to be written. There are so many home based businesses to choose from, and if you don’t have much experience in Network Marketing, you may make a bad choice. This article isn’t aimed towards swaying you one way or another and is definitely not going to make the choice for you. It’s geared towards helping you make a wise decision that will continue to be profitable for you for many years into the future.

Viable Product – Make sure the company you are looking to join has a product that is worth the value it’s being sold for. Given, you have to allow room for commission to the distributors who sell it, but selling a book or course for thousands of dollars when it can be purchased in a book store for a fraction of the cost isn’t viable. The product must be worth what it’s being sold for, be affordable to the majority of the population and do what it’s supposed to do. Prove the product to yourself. Be a critic as it will help you sell it in the future.
Competition – Shortly after a product or company is created, you’ll start to see copy cats popping in. Especially if the product is a successful one. Do your research on how many other companies there are that market the same product, but with a different shell. You want to find a niche that belongs to you. Any good business owner knows that power of truly owning a niche.
Income Potential – Point blank, unless you are independently wealthy and have all the money you will ever need, join a home based business that will be profitable. Don’t waste your time on something that is going to pay you peanuts. “But….but…..this product is going to change the world as we know it.” If that was the case, then they should be charging way more for it and you should be getting paid more to sell it. A good home based business will have a healthy up front commission and a lucrative residual back end.
Company Organization – We’ve all heard of companies doing well in the beginning and folding within the first three to five years. If a Network Marketing company dies within a short period of time, it’s usually because of the way it was setup. Two guys with a burning desire to be rich usually isn’t the one you want to pick. It’s too vulnerable and dependent on their lives and personal decisions. Pick a company that has a healthy corporate setting that has a lot to offer you as a distributor. There are home based business companies that offer certain types of benefits including life insurance and tax assistance along with their start-up kits.
Purpose of the Founders/Owners – The overall goal of the company and its founders is a deal breaker. If the company is a money hungry machine hidden behind an overly priced product, you may make some money there for a while, but eventually, it will crumble. Make sure the companies goals are virtuous and praiseworthy. Simply having a goal to create “x” amount of millionaires in the next three years, as enticing as it may sound, it’s not a praiseworthy goal. A company with a truly noble purpose will create “x” amount of millionaires ten times over without having to use that as their marketing plot.

Running your own home based business is exciting! There’s nothing like being at the drivers seat of your own income without having the headache of employees and storefronts to handle. You truly can create a life of time freedom and the income to support that lifestyle. When it all comes down to it, after you’ve done your research, the best thing you can do is to simply follow your gut.

Start A Profitable Home Based Business Collecting Gold And Silver

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If you had started collecting gold and silver coins 5 years ago, would you be financially better off today? You bet you would.

If you want to start creating wealth for yourself by starting a home based business,you need to start doing what wealthy people do.

So what does the wealthy do to make money that the average people don’t do? Well first of all they diversify. They have multiple streams of income, not just one Different income streams allow them more control over their time and money.

The wealthy also use leverage in order to get paid on the efforts of many people rather than just their own. They also purchase valuable assets. Assets that traditionally increase in value over time.

What assets have been pursued by man throughout history? What assets have created empires and lead to the expansion of entire nations? What assets continue to interest investors from every corner of the planet? Well, that would be Gold and Silver.

We know that mankind has always been fascinated with these 2 precious metals,and in today’s market with the continued devaluation of the dollar, the value of these metals continue to go up, and that is good news for starting a home based business collecting gold and silver. More specifically, gold and silver coins.

Now everyone knows you can buy gold and silver coins, but do you know what kind of silver and gold coins have exceeded the value of the bullion metal itself? They are called numismatic silver and gold coins.

Numismatic basically means the study and collection of money.

So what’s the difference between a numismatic silver coin, and a silver bullion coin? Well unlike a silver bullion coin which is circulated into the general public.

A numismatic silver coin is a minted coin, sealed in plastic, certified and graded by a third party grading company as to it’s value. The value is determined by the metal it contains, the rarity, the condition and the demand for the coin.

Let’s look at an example.

A circulated bullion 2009 silver eagle coin is worth about $20.00. In contrast, an uncirculated 2009 numismatic certified and graded MS70 coin is worth about $125.00.

Here is another example.

A circulated bullion 1997 silver eagle coin is still worth about $20.00. An uncirculated 1997 numismatic, certified and graded MS70 coin today is worth $500.00. Now do you see the value in collecting numismatic certified, graded coins?

The numismatic coin industry is now a 10 billion dollar a year business, and 100 billion a year world wide.

You now have the opportunity to build a valuable collection of numismatic silver and gold coins, and make money while doing it. Hey if you are going to collect something, it might as well be money right?

So how do you turn a coin collecting hobby into a profitable home based business? Well one company has combined coin collecting with Network Marketing.

With this business model, you can automatically receive a perfect, MS70 graded, numismatic coin every month and use the leverage of other people’s efforts to build a long term monthly income. Wouldn’t you rather be “paid 1% on the efforts of 100 people, rather than 100% of your own.” Warren Buffet would, he is the one who said it. That is why he bought his own Network Marketing company.

The benefit of silver and gold coins over the traditional network marketing product, is the fact that gold and silver are not collectible not consumable. Even if you never bring anyone into the business, 5 years from now you can rest assure that your net worth would be considerably more.

This is a business that is unique in it’s conception. It shows people how to build a life time of residual income, plus it can develop a Self-funding Savings Plan that builds true wealth with Silver and Gold collectible Coins. Why not find out more about this business.

Copyright (c) 2010 Larry D Johnson

Network Marketing 7 Common Mistakes To Avoid When Building A Successful Home Based Business

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If the network marketing business is so good then why 90 percent of the people see the opportunity but fail in it? The business idea of building a large organization is so simple yet not easy to accomplish.

In this article, we look at the 7 common mistakes to avoid when building a successful home based business.

1) I must find the Super Salesman / I must become the Super Salesman.
Many of us view the MLM business as a numbers game but a successful network marketing business builder looks at both quantity and quality of people. There is no doubt that sponsoring is the foundation of building a large organization. However, as concerned as we are about the numbers in our team, we would rather be sponsoring five teachers than five salesmen.

You see, we are not dismissing the fact that salesmen can be a great asset to your team. Sure, the salesman will automatically do very well in selling the high quality products your company offers. They are able to put together their own presentation and sell effectively to people around them.

However, we do not want to tell our people how to sell, we want to teach our people how to sponsor and teach to build a large organization. Likewise, if you are a sales person yourself or you have people who are sales oriented in your network marketing team, teach them how to sponsor and teach to build a sustainable organization.

It can be difficult because if for example, you tell your super salesman that you need to sponsor people to make the larger amounts of income, what will they do? They will go out there and sponsor 3 to 4 people a week. This is great isn’t it? However, you may then notice that people are dropping out as fast as they join your team. This is because you are not working with them effectively. Sooner or later, your super salesman will be discouraged by the high leaving rate and leave the organization as well.

In order to avoid this, our organization has to be built on the strong foundation by TEACHING OTHERS to sponsor and teaching them to teach others to do the same.

2) I need to sponsor the whole world to be successful.
The Super Salesman can sponsor 100 people in a short period of time but most (or sometimes all) of them will drop out of the business. Now, which do you feel you could do more quickly — sponsor 100 people yourself? Or sponsor 5 people who are serious and teach them how to teach their 5 to do the same?

The network marketing business concept works on the idea of LEVERAGE. There is absolutely no need to sponsor the whole world to be successful. Concentrate on working with five in your team and teach them also to work with their five and so on.

3) I only need to bring in one other person.
Most people think that you have duplicated yourself once you brought one other person into your organization. This is NOT true. The concept of true duplication only comes about when you have built your organization THREE LEVELS DEEP.

Take the example you sponsor ‘A’. If you leave and because you did not teach ‘A’ and he does not know what to do, that’s the end it. On the contrary, if you DO teach ‘A’ to sponsor ‘B’, ‘A’ will know what to do even if you go away from the organization. However, if ‘A’ does not know how to teach ‘B’ to sponsor, then again the structure will collapse and that’s the end of it too.

Therefore, in a team, it is imperative to teach ‘A’ how to teach ‘B’ how to sponsor ‘C’. Now, you are THREE DEEP and have successfully duplicated yourself. And the same goes for ‘A’, he or she has to build three levels deep as well to keep your team sustainable.

Good Home Based Business Ideas What Is Good For You

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Are you looking for a few home based business ideas? In this article we will talk about five ways you can start a business of your own home and hopefully one of these will be just what you are looking for!

1. Affiliate Marketing. This is one of the quickest ways to start a home business online. There are millions of affiliate program you can join me in numerous niches online.

As an affiliate marketer you can join affiliate programs for free. The merchant gives you a website, marketing materials, training, and provides products for you to sell. In this business you promote these products and make money whenever someone makes a purchase.

2. Network Marketing. This business model is over 50 years old. The Internet is making it a good home based business to start because you can build a worldwide business without ever leaving your home.

The compensation plan is developed around leveraging your time and enrolling new distributors and making money on their efforts. You can also make money retailing products online.

3. Provide A Service. This is a good way to make money because Internet marketers will pay you to do things they do no tknow how to do or have time to do.

Home based business ideas include article writing, building websites, becoming a virtual assistant, graphic design, and so on. Anything that needs to be done online can be turned into a home based business for you.

4.Sell On eBay. Billions of dollars are transacted on eBay every year. This presents an opportunity to earn a lot of money with your own eBay business.

There certainly are skills involved in learning how to buy and sell products on eBay. However, there is also very good training available online and anyone who is serious can turn this into a very profitable business.

5. Start A Blog. This can be a lot of fun if you like to write.

It gives you the opportunity to create a blog in an area that you have an interest in or passion for. You can monetize your blog with Google Adsense and to make money when people click on those.

There are many examples of people earning five and six figure incomes blogging online today. If you develop your blog into a high traffic one you can sell advertising directly and just concentrate on writing content and enjoying the money you make.