5 Steps to Making Money in your Home Based Business

Fact: People start a home business to make money. If your business is consistently costing you money and not making you money you should evaluate every aspect of the business.

Evaluate the Product Line

Any business evaluation should start with the product line. Are you marketing a product that is affordable to the majority of your target market? If the product is only affordable to a few then you have a problem. In order for you to make a sale or secure a reliable customer base of repeat buyers you will have to reach more people to find the few who can actually afford your product. This is no easy task and could cost you more money in advertising than you have to spend.

Is the product line a one time shot or will it be repurchased once used? This is key to repeat sales which can be the lifeline of any business. Repeat sales will also keep your business on the plus side of profit with little effort on your part.

Evaluate your Product Knowledge

How much do you really know about your product as well as your competitions products. This is another key factor in your own success. Have you done your research or are you relying on what you were told by your sponsor, upline or company? Your ability to portray yourself as an expert in your business will give you an advantage over other marketers not only when it comes to marketing your product, but also if you are working on building a team to earn residual income.

Take the time to learn as much as you can about your own products as well as those product lines and companies that are your competitors.

Evaluate the Tools of your Trade

Look at the marketing material that you were provided. If you fall prey to the old school marketing techniques filled with hype and buzz words you may need to develop your own tools to market your product and build your business.

Another aspect of evaluating your tools is to look at the actual tools provided by your sponsor or company. Are you looking at paying additional monies each month for websites, autoresponders or landing pages? This will be additional money spent each month and possibly will keep your business in the red.

Evaluate the Focus of your Sponsor

This is another important key to your success. Is your sponsor only looking to pad their own pocket each month by encouraging you to buy additional product or sign up for their affiliate programs? Is your sponsor available to you when you need them to answer your questions or are they hard to reach or keeping business hours that don’t fit into your schedule? Do they provide additional support systems that provide you with answers to the common questions for the times that they are not available?

The most important factor for any business should be getting that business into profit as quickly as possible. This can’t be done if your sponsor’s only focus in on their own business.

Evaluate Yourself

We all need to evaluate ourselves from time to time and doing so when it comes to our home business is what allows us to grow not only our business but also to expand our own knowledge.
Look at yourself honestly and determine if you truly stand behind your products, tools and marketing methods. Do you believe that you can sell the products? Do you believe that you can learn what you need to know in order to portray yourself as an expert? Do you offer your business partners up to date tools and training or are you relying on old school marketing techniques that have been handed down for generations?

My own Road to Success

One of the biggest problems in todays MLM and Direct Marketing industry is the lack of common sense and integrity when applied to your business. It’s up to each and every marketer to apply the same common sense and integrity to our business as we would in our own personal lives.

When I started my home business in January of 2005, I made a commitment to myself and my sponsor to work my business for 2 years. I fulfilled that commitment and then evaluated my accomplishments over that 2 year period.

I did have a small level of success however I also believed that I could have achieved much more had I been provided with the proper training and tools.

I had very few months where my business was in profit, and also had to deal with my husband who financed my business each month. It’s hard to justify continuing anything that consistently sucks money and doesn’t make money.

Late in 2006 I evaluated what I had done as well as the tools I used and changed my business plan to incorporate two key factors. The first was listening to my own common sense and the second was to educate myself in my industry as well as marketing.

These two very simple factors are what brought my own home business from sucking money from our family budget into a business that has made money every single month of 2007.

I am thrilled to say that now my expenses are not paid for through the earnings generated from my home business and I am also able to contribute to our family finances as well.

I am also better able to help my growing team to get their business into profit quickly and provide them with the up to date tools they need to grow their business without draining their budgets. This is key because a business that is in profit rarely closes its doors and by supporting my team I am supporting my own business.

If you are interested in how to get your own business into profit using common sense marketing, visit my Website and request information.

Truth in Advertising, revisited

Back in September I posted a short article on Truth in Advertising. After reading an article today written by Vern How Chan [1], I felt the need to expand my original article and while I don’t like to promote my own business in my blog environment I can no longer sit back while others misrepresent what our product is or is not.

My primary business is as an independent distributor for Scent Sations who makes Mia Bella Candles. If you don’t live under a rock you have probably heard of our products. If you have looked for a home business you have probably seen a multitude of advertisements and websites promoting our products.

This is where the problem has taken deep root. Our candles are not Soy Candles, but you will see them advertised as a Soy Candle at just about every level of distributor from the bottom all the way up to our top distributors.

Technically for a candle to be a “Soy Candle” it must contain 25% soy wax which ours do not. Clearly many of our distributors are told in the recruiting process that our candles are made of soy as that is what is reflected on the different distributor’s personal websites but it simply is not the truth.

Another common claim about our candles is that they are “Healthier” than paraffin (or other types) candles. Again this is not true and no solid research has been done to back up this claim. Our candles defiantly burn cleaner than any other candle I’ve used, but that doesn’t mean they are “healthier” than other candles.

In the early days of my business I also made this claim because it was the information I was given by my sponsor and upline. It is an unsubstantiated claim and could be construed as medical advice which crosses a dangerous line in any industry. My marketing strategy has evolved as my knowledge base has grown and I have corrected my advertising efforts to reflect my products in a truthful light.

In an effort to make sure that I was marketing our products with accuracy I emailed our VP of Marketing about our products with some pointed statements about our product line. My request was for him to confirm or deny my statements, here’s what I got back:

Our candles are not a “soy” candle

We have not promoted our candle as a soy candle since 2001 when we were a soy candle....ever since we have kept the information updated on the websites and the company materials...

Our Candles are made from “vegetable wax”

From Carmen[2]: soy, palm and other natural waxes are called vegetable wax in the trade...we use a vegetable wax blend....if there is any soy in that blend, its a very small blend...we prefer to say there is no soy

Our candles do not contain “beeswax”

Because of the mystery that is wiping out about 70% of the bee population in the USA which has consequences more dire than global warming or terrorism, beeswax is not in our current formula, actually, that is a positive for many vegetarians who wont burn beeswax

Distributors should not make health claims about our candles, i.e. “healthier” than other candles

Correct.....we are now a big and growing company ..we must be very careful of wording that could be construed as a medical claim

Distributors should not promote our candles as a longer burning candle as the burn times of any candle is subjective to environmental conditions and there is no conclusive testing that has been done to prove this statement on behalf of our candle products.

That is correct

With the exception of the beeswax and the burn times of our candles I had been marketing ethically by providing my prospects and customers with the truth about what our candles are and what they do. I have made the adjustments in my advertisements to reflect the new information about both beeswax and burn times.

I am very proud of the gourmet candles that I represent as an independent distributor. It is a stand alone product in the candle industry because of it’s ability to burn clean and it simply smells better than any candle I’ve ever used.

The result of my not using the buzz words and misinformation in my ad campaigns has affected the growth of my team. I recruited many more distributors when I was providing the wrong information, however it is my firm belief that marketing honestly and not using buzz words to describe my products has enabled me to build a very firm foundation for my business.
Providing my team of distributors with accurate information and solid leadership based on facts and not hype will in turn make my team strong and profitable in the long haul.

[1] Read Vern’s Review of Scent Sations and Mia Bella Candles
[2] Carmen is our Master Chandler

Do You Provide Tools to your Team or just Affiliate Links that put Cash in your pocket?

Clearly affiliate marketing is important in the big picture of what we do as Internet Marketers, but is your bottom line to milk every extra penny for every tool you refer your downline to, or to provide tools that will help your team?

I've struggled with this one early in my MLM business, but finally decided that my bottom line was providing my team with every resource I have available regardless of how much affiliate money it put into my pocket.

When I started my business I didn't realize how much money could be generated from affiliate marketing. That changed quickly with my AWeber account. But referring my team members to this affiliate isn't always the best option for them.

I'm fortunate that early on I found some tools that I was able to pay a flat fee for and then provide my team with a few key tools that they could use to promote their business. It was a pretty simple program that provided them with a url rotator, ad tracker and a web page that they could use as their landing page.

I would give these tools to my team to help them get started without having to reach into their pockets and the tools have been well received by my team members.

Over the years these programs have been improved and now include many more very useful tools at no cost to the people I refer to the program. The system now includes a fully functional Autoresponder which has been a stumbling block for my team members on a budget.

Yes I realize that $20 a month isn't much for me, but if I had a couple of kids at home it would be.

I've been criticized and asked if I was setting up a "welfare mentality" with the free tools I provide and I even was asked if what I was doing was "duplicatable". Forgive me, but the ability to duplicate something isn't really what "my" business is about. It's another one of those old school marketing techniques that sound great but in reality work for only a few.

So as the release of the new program was announced providing a multitude of awesome online tools including an advertising module, I had to decide how to present it to my team. It was clear that the best thing to do was give it to them and let them decide for themselves if it was a system they wanted to use.

I did let them know if they were currently using other resources to keep those in place until they had evaluated the new program. Doing this allows my team members to have the tools they need for their Internet marketing without having to dig into their pockets to pay for the tools. It also meant that I would lose some of my affiliate money each month, but the bottom line is always to provide the best tools at the best price for my team. What I will gain in their own business growth by them using the free tools will far outweigh the small affiliate commissions I lost.

And then there's the obvious...

The less they have to spend on websites, autoresponders, advertising and other things, the more money they have available to buy product which they can sell and put money into their pocket as well as my pocket. Win Win.

If you are curious about what I provide my team members use the banner to check it out. No money goes into my pocket by promoting this program.

Marketing Responsibly on the Internet – Social Networking

Now that Social Networking has wrapped it’s arms around the Internet I’m seeing more spam originating from these networks landing in my email box.

My frustration level with these newbie marketers has grown to a point that now I’m turning the tables on them.

The CAN-SPAM Act of 2003 clearly states that using deceptive emails in order to “pitch” your opportunity is in violation of the CAN-SPAM Act yet for some reason these social networkers think that if you reply to their email, they are in compliance.

Social Networking certainly has it’s place in today's world of electronic marketing, but it isn’t in my mailbox and I’ll venture to guess that it’s not in your mailbox either.

Clearly for those looking for home business ideas or an online business opportunity, a social network could provide them with a plethora of information. But no more information than if they had used Google or Yahoo.

How many of you have received a request for information about your business that looks like this:

Hello,

I am requesting more info on your business ad and how it works. Is an investment required?

Looking forward to hearing more.

Name of Sender
Email of Sender

The first few I got I took the time to answer that question in a thoughtful manner only to get this:

Thank you for the email. I am screening people who have home businesses that would like free advertising in what is the “My Space” for business people. I am associated with many thousands of networking professionals that may also be interested in your offer.

You are invited to post a free profile on my site. And I will send some business contacts your way.

Many serious entrepreneurs, from around the world, will view your contact and business information.
http://www.directmatches.com/XXXXX

Join for free… Advertise for free in The Business Directory.

“As relationships mature, incomes grow.”

Name of Sender
Email of Sender

Clearly I’m not a social networker. I did not start a home base business so that I could grow relationships. I started my business so I could earn money.

So how have I turned the tables? Quite simply. When I receive these requests for information, I reply with a short note that directs them to my website to fill out my Auto Responder form. I tell them that because I am in 100% compliance with the CAN-SPAM Act of 2003 that this is the best method for them to learn more about my business.

This usually is enough to stop the spam but not always, so I added the CAN-SPAM Act to my website and direct them there. Their curiosity usually gets them onto my website.

Because they have requested information about my business I am now also in compliance with the act and can send them my promotional emails. Technically I could add them to my list, but I don’t because I prefer to have a clean list of only people who have opted in because they are interested in my home based business.

If you are into Social Networking and using the types of techniques included in this article, wouldn’t your time be better spent doing things that actually drive traffic to your website or educating yourself on your chosen business instead of cruising online classified ads archives harvesting email address’s?

Like many multi level marketing business’s, my advertising budget is limited. I have to maximize each dollar I spend to achieve the maximum benefit for my business.

I make a conscious effort to ensure that each method I use in my promotion of my primary business has at least two functions. Showing that I am knowledgeable about my business and driving traffic to my site. Once they land on my site I’m able to build trust based on my knowledge.

This is a more productive way for me to build that “relationship” and by example they have the opportunity to learn how to earn money online with a home based business.

The email used in this article was an actual email that I received this month. Interestingly enough the email address it was sent to has never been used in any open ad campaigns for any of my business adverts, but only as an administrative contact.

MLM’s reputation has suffered over the years, however it is still the best opportunity for regular people to earn extra income or replace the income from their “JOB”. Lets give our newcomers the best chance of actually building a respectable business and lead them by example as well as provide them tools that work in today's electronic world.

Learn more about compliance with the CAN-SPAM Act of 2003

Addicted to Domain Names?

There I’ve said it, I admit it and now I’m doing something about it!

Over the course of my online business adventure, I’ve managed to acquire quite a large number of domain names. You know the different dot.com’s that you use to promote different aspects of what ever you are doing online.

Well I sat down and started evaluating the different domains I had and man did I feel a bit foolish. I had so many that it was costing me a small fortune to renew them through out the year.

I don’t discount that at the time I purchased most of them, I had a specific need. But once those needs have passed…let it go!

The process of weeding out the ones I no longer want to pay for wasn’t too hard. I first checked each domain to see where it was pointing.

Once I knew that I had to evaluate if I really needed a specific domain for that page. Most of the time I didn’t and could house those pages on my main website.

The next step was checking to see if they had any pagerank or value. Much to my surprise several of them did. Those went on my keeper list and I knew I would find another use for them.

I also learned that when you have a domain name with longevity it becomes more valuable. So I had to consider those poorly thought out domain names I had purchased early on in my Internet adventure.

Honestly, most of those were chosen at a time when I didn’t have a clue about how to build a website let alone what keywords were. I’ve learned so much since that time that I let go of many of those cutesy domain names opting to keep the ones that were newer but keyword rich.

I ended up dumping probably 8 domain names and will now keep a watchful eye on the rest of them as they come up for renewal. And I’m putting those with pagerank to use for some of my promotional stuff and information sites.

One thing I also had to learn was that an emotional attachment to a domain name just isn’t a good enough reason to keep it. You know…the first domain I ever bought…I didn’t want to let it go, but the bottom line was I seriously didn’t have a use for it so I bit the bullet and let it go.

And then there are the “deals” you get offered when you are purchasing a domain name…I got a deal on what at the time seemed to be a great idea…instead I’ve come to realize that www.IGotLit.com (for my candle business) actually appears to be the domain of a heavy drinker and it’s mine until 2008!

Take your time when purchasing a domain name. Consider some good keywords to incorporate into the domain name and above all remember to let go of the ones that aren’t working for you anymore.

MLM Soldiers and Sharks

Just looking at that title, which would you prefer to be known as? My guess is that the majority of those who read this will identify with the soldier mostly because of the bad conation associated with sharks.

Soldiers have their marching orders and rarely go against their Generals. Sharks are efficient and exert as little as possible to achieve maximum outcome.

I closely associated with the soldiers the first 18 months of my home business and in the process I learned some valuable lessons which have led me to do things that most in the MLM industry would not dream of doing.

MLM has such potential to be a viable option for so many to stay at home with their family and just be in control of their own financial future. Whether we choose to continue to be a soldier or make the transition to become a shark can have serious implications on the success or failure of our MLM career.

Over the course of 18 months I was a good soldier. Like any soldier I wanted to be recognized as a good soldier and this recognition would come with my success.

Over time I came to realize that my hard work was not benefiting my business but I was building up those who came before me. I was encouraged to purchase leads and buy product or sign up for this magazine and oh you should take my training. The whole time I was never asked if my business had achieved profit.

After hosting two regional events and going in the red for both I came to the realization that I needed to run my business efficiently and get it into profit. I needed to become as efficient as a shark if I was going to survive.

I mustered up the General within myself and laid out my battle plan. I needed to continue to be a good soldier long enough to rebuild my business so I could live the life of a shark.

This meant breaking all the MLM rules. I tossed out my lists, stopped preaching about working your warm market and I set a clear intention to reinvent the wheel. I stepped out of my box and refused to let anyone kick it out from under me.

I came to realization that I could either continue to dream about my life, or I could start living my dreams. My choice was clear.

What I put into place is not duplicatable. I have yet to see a business that you can change the name on the stationary and achieve the same level of success as those who came before you. What I put into place is up to date with the world we live in and it is totally customizable to suit the dreams of each of my team members.

Rome was not built overnight and neither will my business. I am now swimming with the sharks and proud to be there. The payoff of these efforts are I now have a business that is consistently in profit each month and a group of dedicated team members who are beginning to grow their own business’s.

I have also have a firm grasp of my own industry and product line and no longer need to rely on the buzz words or catch phrases (or the 3 way calls) that are common throughout our industry. Instead have learned to use those buzz words to my own advantage and still market my products and opportunity honestly.

Be a soldier long enough to build the foundation for your business. Then make the shift to be more like a shark. It does not mean you have to devour everything in your path, only that you have done your soldier time and now you can work efficiently to accomplish great things.

Stop dreaming about your life and start living your dreams.

Are you an MLM Junkie?

How many MLM companies are you with? 1? 3? 5? More than 5? If you are currently working more than 3 MLM's it may be time for you to take a step back and do an honest evaluation of what you have and what it's doing for you.

Are you using different MLM's as a "Backup" system in case you can't sell a prospect on your primary MLM?

In the course of my own business I've run into many team members who are promoting several home base business or internet business opportunities. At face value it seems like a good idea but the reality is that it can make all of the opportunities look like a backup system in case one doesn't work.

Multiple home business opportunities also put you at risk for spreading yourself too thin and making it impossible for you to focus on any one business. Lack of focus is a surefire way to set yourself up for failure.

Here's what I tell my distributors to do if they have multiple business opportunities that they are promoting.

Take a piece of paper and draw three columns. The first column will be for the business, the second column is for how much that business costs you and the final column is for how much money you are earning from that business.

Get it all down on paper and then start to evaluate each of them. Mark each business that is into profit with a star. For each business that is breaking even use a check mark and for each business that is costing you money (in the red) put an X.

It's important to do this honestly and not fudge on the business's that you think could be profitable.

Clearly if you have a business in profit, you will want to keep that. And if the business is costing you money each month you will want to get rid of those. The ones you will struggle with are the ones in the middle that are breaking even.

You will have to evaluate these based on their product line and the amount of profit you believe you can make from marketing the products as well as building a downline. You also need to consider the structure of the MLM and what you will be required to do to get your residual check each month. Cut out the ones that you have to jump through multiple hoops to collect your residual. Leave the ones that you have a ton of product sitting on the shelf.

Trust me, if you have product sitting on the shelf it's costing you money!

What you should be left with is only the cream of the business's and you should be able to work those without losing steam.

I tell my distributors that find themselves in this situation that every business isn't for everyone. It may mean that they cut out the business that I brought them into, but I'm totally OK with that because the bottom line is that if they can't sell a candle they are in the wrong business.

Truth in Advertising?

Your ability to portray your products and services in an honest and accurate way quite possibly could be the key to your success or failure.

It is my experience that the majority of distributors within my company rely heavily on their sponsor's and upline's (as they should) for information and guidance when it comes to building their websites and how they promote, however this could be a key mistake for those who are not inclined to do their own research.

Sadly much of this information is not accurate and bends the truth of what we have and what it is made of. Maybe it's my years in human resources that makes me stand out like a sore thumb in this industry but it is what it is and I can't bring myself to call it anything else.

Whenever you have key people in any company who are miss leading in their own representation of their products it creates a downward spiral in the accuracy of the information provided to the distributor base as well as the general population. This is especially true when working on the Internet.

If you truly believe in your product you don't have to depend on buzz words to promote it. I know of no business that has been able to sustain itself based on "wildfire" growth. A wildfire burns quickly and feeds on itself until it eventually snuffs itself out.

This is not what I want to rely on in my retirement. If you can not be honest about your products then maybe you should find a different product that you can promote honestly.

Are You afflicted with Iconic Worship Syndrome?

Iconic Worship Syndrome is a common affliction within MLM and Direct Marketing company’s. We put aside our own common sense and follow blindly what we are told to do by our upline simply because we perceive them as successful and knowledgeable in our industry.

The caveat is this, if what you are being told to do triggers that little voice in your head or goes against common sense and your own ethics, you need to take a step back and evaluate who’s business it is, yours or your uplines.

Many of us don’t even realize this has happened to us until it’s too late and by then we are filled with anger and bitterness because we feel we have been taken advantage of. We are then left to evaluate the validity of our business and forced to make the decision whether to move forward and rebuild our business or just give up.

Visit Cherrie's personal website to view the complete article

The Ethics of Sending Your Downline to Company Events

While preparing for the last company function, I had to stop and evaluate my own ethics and leadership in telling my downline to do everything they could to make it to the company function. Ultimately it's not my decision, but it is up to me to be truthful with my downline.

Attending this last event for me was not so much about learning new techniques or being educated on how to market my products or my business instead, it was more about confirming several things that I'd been pushing to the back of my mind for quite some time.

Visit Cherrie's personal website to view the complete article

Downline Appreciation, Time To Lose The Step Up Or Step Aside Mindset

Do you truly appreciate your downline? This is a question we should all ask ourselves from time to time. If you do ask yourself this question it will help you focus on where your mindset is in regard to your downline.

Over and over I have heard sponsors and uplines publicly state that they keep their focus on the team members who are producing and don’t have time to waste on those who only produce a small commission each month. This “Step Up or Step Aside” ego trip makes me angry.
In the MLM and Direct marketing industry, there are generally two types of people that will end up in our downlines. The ones that perform and the ones that make the minimum purchase required by the company.

Visit Cherrie's personal website to view the complete article

Starting a Home Business...things to consider

More and more people are starting home based businesses. There are many things to consider when starting a home based business and I’ll point out some of the obvious and the not so obvious.

One of the most important things you need to consider when looking for a home based business is your product. You have to choose something that you believe in and can have passion for. Whether its a Health and Wellbeing product, a Consumable product or a Service you must have passion for what you sell and what you do.

Here are 5 key things to consider when looking for your home based business…

Low unit cost: If the product line or service is not affordable to the majority of the population, who will buy it?

• 
  Is the product “Consumable”: Choosing a product line that is consumable ensures repete business.
• 
  Mystique or Exclusivity: You should not be able to visit your local discount store and find the same product at a lesser price.
• 
  Management Team: Newcomers or Experienced? Make sure you check out your sponsor as well!
• 
  Profit Margin: Has to be Adequate or BETTER than adequate. In order for a company to be financially stable, there needs to be enough funds to compensate the distributors as well as keep the company running.

Choose wisely and do as much research as possible before you put your hard earned money on the table! Whatever product or service you choose make sure that you are a user of that product or service. This will help you to give personal testimony when you are sharing with others.

Business Building….Luck, Leads or both?

The only time Luck comes into play when starting a home business if you are one of the very few who managed to join when the company was just getting started. Lucky for you that the company and product line took off! This isn’t the best time to sign up with any company because at that point in time there isn’t a track record for the company. Those who do join at this time and manage to build a successful business aren’t necessarly there because of their skill set. This would be a great example of good luck.

Another time when you would need luck is if you are one of those people who are paying through the nose for expensive leads. Sure they told you they were leads that were specific to your business but the bottom line is that unless you generate the lead yourself, you really don’t know what the quality of the lead really is. And worse than that, you aren’t the only one with the leads contact information. Do you really want to pay a premium for a lead that technically you could be sharing with someone else? I know I don’t!

If you understand your products and have a superior knowledge of that product you only need a bit of time to start making serious headway in your industry.

Taking time to build your Business Foundation and learn how to put up a content rich website will serve you far better than spending a fortune on expensive leads. If you think about it logically, you will see that with a little research you could be generating your own leads with any number of methods for as little as .20 each. Who in their right mind would ever have that knowledge and pay for a high priced lead knowing they could generate their own for a fraction of the cost?

Make a decision that your business is worth the effort of going through the learning process. And never rely on one resource for all of your leads. How many times have you been warned about having all your eggs in one basket. That may work for a while, until someone drops the basket.

There are many different ways to generate leads on the internet that you can control. Building a website with great content is one way, or start a pay per click campaign. Explore the possibilities for advertising your business on the Internet. And trust me, the quality of leads you generate yourself will always outshine the expensive ones that someone is always trying to sell you!

Downline Prospect Raiding

Ouch! Not something you want to be known for regardless of your industry! So what exactly is Downline Prospect Raiding?

It’s when you sponsor someone into your business that someone in your downline is already working with and sharing information with. This is bad form and bad business especially if you are building a downline for residual income. It demonstrates a total lack of regard for the wellbeing of your team and tells your team members something about you that should never be said or even thought about!

One of the first things a responsible sponsor will do when contacting prospects is to find out if they are working with someone else. Why would you do this? Simply to find out if they are getting information from someone in your downline. Once you have made that determination, you can decide how to proceed with this prospect and take the correct approach.

Lets say for the sake of this exercise that Susan is in your downline. In the process of contacting your leads (prospects) you come across Linda. Linda already has information about your products and services so clearly she has been talking to someone. She is very excited and ready to get on board with you. At this point you as a Team Leader have a responsibility to your team to stop and ask, who else are you working with.

If you find out that they are working with someone in your downline, then you need to use this platform to build up your Team Member Susan and encourage Linda to sign up with them.

My approach is to ALWAYS as each of my prospects if they are working with other sponsors. The only thing I need to accomplish with this question is to figure out if they are working with someone who is already on MY team. It is YOUR responsibility as a Team Leader to ask the question and do the right thing! If Susan is already sharing information with Linda, then Linda finds me and I sign her up directly under me what message does that send to Susan? Certainly not a message I would want Susan to get. And it has the potential to put doubt in Susan’s mind about the type of Leader I am and create bad feelings for my entire team.

When you are in a business that generates residual income from the efforts of the people in your downline, it is crucial for the wellbeing of your Team and your Business to draw that line in the sand and NOT CROSS IT! It will always be more beneficial for you to build up your downline and encourage these prospects to sign up under the Team Member they are already talking with. The prospect will then be able to benefit benefit from the knowledge of the person that sponsored them in, and from you as the team leader.

Don’t put yourself in a situation where your team members refer to you as a Prospect Raider! As a team leader regardless of your level, you always need to take the highest road possible when dealing with these situations. That way in the eyes of your team, you are the Leader and you have earned the respect of the team. Having the respect of your team is priceless! Losing the respect of your team will cost you more than you can afford to lose.

Taking Control, My Three Step Business Evolution

My business came to a stalemate in January of 07. After two years of trying very hard to do what everyone else was doing I came to realization that my instincts (that small voice you hear in your head) about carving my own path to success was something I should have followed from the beginning.

I have always worked on personal growth, it has been something consistent throughout my life. What I do and how I do it has never been something that I shared openly with others. I have always believed this is something very personal, and I still believe this.


I have made many mistakes throughout the course of building a home business. One of the biggest mistakes was sharing my "Why". What drives a person to achieve is so personal and if shared can show vunerablities that you would never show strangers. Its important to note that everyone in business needs to understand their why, I just don't think its anyone else's business what your why is.


My ability to always find something good in every experience is one of my strongest assets in my personal life, and now in my business life.


In early 2007, I was unceremoniously removed from a leaders board and had my moderator privileges taken away from a team board. Both of these events occurred without explanation and to this day I don’t know the reason why these decisions were made.


My attempts to find out why failed as the person who made the decision refused to tell me via email and I was not going to be manipulated into a phone conversation. In the end it didn't matter why because I realized that my knowing why was not going to change what had been done. This was the beginning of my taking control of my business.


I decided to evaluate the course of my business over the previous two years and this opened up a Pandora’s box that I was ill equipped to handle on my own. I credit the friendship of a single person with guiding me and helping me to keep my focus where it belonged as I evolved.


The first thing I realized while doing my business evaluation was that I had fallen into the herd. This was a shocking realization because I had always prided myself on not being a “follower”. Step One of my evolution was to stand up and take responsibility for my business as an individual.


Step one was huge because it meant that I couldn’t assign blame to anyone but had to hold myself responsible for straying from my own personal belief’s and making poor choices in regard to my business.


This is not to say that I did anything wrong only that I should have listened to my little voice who kept telling me that there was a better way. I also firmly believe that the people guiding me the first two years really belive that what they are doing is the correct path to follow. Ignorance can be bliss.


Step Two was the realization that the foundation of my business was not built on what I wanted or believed in. I kept a positive attitude as I tore down everything I had built the two years before by constantly telling myself that a successful business had to have a firm foundation.


As I rebuilt my business foundation, it was difficult for me not to be angry at what had led me to this point. This is where my friend played a key role in teaching me how to turn those bad feelings into something good.


Up until January, the foundation of my business had been built on old school methods of marketing like the three foot rule, working your warm market and some very long and boring training documents that were just tired and lacked any real substance. These were the tools I was given and I was told if I used these tools and didn't try to reinvent the wheel I too would be successful. Hogwash!


My process of rebuilding my foundation meant that I needed to learn how to market not only my product, but myself. It was silly of me to think that people with no formal training in marketing could ever teach me how to be a successful marketer. And it was stupid of me to not use my own common sense when making decisions about my business and business tools.


Step Three was a grueling process. It wasn’t enough to take responsibility and rebuild my foundation, the tools I had been given and in turn provided my team members simply did not work for the majority of people in our company. This conclusion is based on the number of people who actually promote to the higher levels within the company structure.


I had to look at what I had, and evaluate what really would be beneficial for my team members based on what worked for me and what my team members asked for. The actual process of building usable tools and putting training programs in place for my team was exhausting, frustrating but one of the most rewarding things I have done in my business.


I put my new marketing education to work and kept my focus where it needed to be and started working with my partner to produce quality tools that were simple and filled the need of my team.


In the beginning of the tool development, I struggled with each and every aspect of what I was doing. After the first tools were complete, things just started to flow like honey. I went against the old school rule and I reinvented the wheel.


My evolution is not yet complete. It will be an ongoing process as I learn more not only about myself, but about business and marketing. I am no longer angry or bitter over the culmination of events (not just the two I mentioned) that led me to this evolution, but look at them as part of my growth process.


I've learned that my responsibility as a Team Leader means that I lead my team and support my team. It is not my responsibility to lead and support someone else's team which is what I was doing prior to being tossed out of those two groups.


I have a firm grasp of why I got into this business and what I want to achieve within my business. I have also drawn my line in the sand and will continue to trust myself and believe in my own ability to be a leader and a moral and ethical business person.

How to Combat the Bad Reputation of MLM

Todays MLM or Direct Marketing carries the weight of many ill conceived notions and negative connotations. Much of this bad press in the MLM industry comes from within the industry itself.

How can that be? We all remember our parents telling us that our “Actions speak louder than words” and that is the main way that we have created this negative view from the general population in regard to direct marketing.

Perception

Perception is everything in our industry. How we portray ourselves and our industry is the key to everyone else’s perception of not only our products, but also the MLM industry.

When you promise the sun and moon and deliver an asteroid it tells a lot about who you are as an individual and it also delivers a message about the industry you are involved with.

Market your product line with honesty and integrity. Its easy to fall into the trap of misleading your site visitors into believing that what you offer is more than what it is.
This happens when you misrepresent what your product is and what it offers.
Certainly play up the qualities of your products, but don’t exaggerate or be misleading about what you offer.

In addition when you are sharing information about your business opportunity, its important to be real. Provide accurate information about the history of the company as well as the residual structure set up by the company.

When you provide information in a clear and accurate way, your prospects and customers will be able to draw their own conclusions and make their decision based on facts not hype.

Deliver what you promise

Direct Marketing has huge potential to provide an affordable way for people from all walks of life to realize their dreams. It also has the one of the highest failure rates estimated at 95%! How can this be when we are supposed to be in control of our own future and success?

Many who sign up in an MLM quickly become disillusioned when the support and tools provided to them fail. This is also because of the lack of true leadership within our industry.

Our industry is filled with the empty promises of our sponsors and uplines. Its up to us to educate ourselves on what works and doesn’t work and then to pass that information and training along to our downline.

We promised to help them and we can’t do that when we don’t answer our phones or use double speak when answering their questions. Its important to make ourselves available to our downline and provide them with accurate information and usable tools.

Realizing that deviating from the “standard” tools is not a practice that is smiled upon in our industry, how can we continue to promote these tools knowing that they don’t work. I know I got pretty tired of hearing, don’t reinvent the wheel, but if the wheel is broken, it needs to be fixed.

Back to Basics

Somehow we have gotten away from the products in our business and started focusing only on the opportunity, and our dropout rate continues to climb.

You can combat this by teaching your team to build a strong foundation. Pay attention to keeping your training focused on the products. Allow your team members to develop their own individuality when it comes to marketing, remember they got into this because they didn’t want a “JOB” or a “BOSS”.

The ability to break down the different aspects of what we do in their simplest form and relay that information to our team will help us to help them start building their dream and ensure that we continue on the path to achieving our own dreams.

Its up to us to keep focused and consistently provide what we promise. Our ability to do this will do volumes in building the reputation of our fast growing industry. It will also do wonders in our own retention rates and start a trend of lowering the percentage of folks that quit out of frustration.

Todays MLM and Responsible Leadership

Multi Level Marketing is different today than it was just a few years ago. When the World Wide Web opened up it changed how we promote our products, our services as well as ourselves. It changed the way we do many things in our business and our personal lives. Our ability to adapt and our openness to developing new, up to date tools to help our own business grow as well as that of out downline should be a major concern for all of us.

My experience is that the majority of the “Old School” marketing techniques just don’t work in todays modern, electronically driven Multi Level Marketing businesses.

I've been told that in the not so distant past when you wanted to share your Multi Level Marketing opportunity with someone you would invite him or her to an Opportunity Meeting at a local hotel. If they showed up, you relied on the Key Speaker to “Close” for you. Conference calls, online meetings and digital recordings sent over the Internet now relay our message to our prospects.

We have a huge advantage over Network Marketers of the past. We are able to reach more people and have the ability to target exactly who we are looking for. It is in our best interest to develop the tools and training to teach our downlines how to do exactly that.

The Internet has made it possible for MLM prospects to look at many different business opportunities at once, without leaving the comfort of their homes. Today’s prospects are savvier and rarely fall prey to the old school pressure tactics. They also have the ability to shop for their sponsor, which can make the competition stiff. Knowing this, you have to find a way to stand out from the crowd and offer something special to your prospects and your customers.

Working Your Warm Market

We have all been told to work our warm market. The warm list is an MLM standard. Make the list of your friends and family and then introduce them to your business. Is this really a method that works?

If you think about it, this method is ineffective in todays MLM. Look at the top money earners in your company. When they show up at a company function are their friends and families there with them as top money earners? A better way to work your warm market is to send out an announcement about your products and leave it at that. This gets the word out and you will still be invited to family dinners. Working your warm market may work if you have a quality product that is affordable, but if you are looking to build a downline your warm market is the last place you should start.

The Company Convention

How many of you have been told the importance of attending your company conventions? I know I was. I even hosted a couple of events myself. “If you attend the company convention your business will grow!”

I will be the first to tell you that what I got from attending company events was some warm fuzzies and an empty wallet. Yes these events are exciting and get you pumped up. If you determine that is what you need to be successful, then you should go.

I'm not "anti-company convention”, but you have to keep in perspective. I personally can't justify telling someone in my downline who is struggling to show a profit each month that they should do what they have to in order to attend a company function because attending company conventions does not generate income or leads.

Get Them Into Profit

As sponsors we have a responsibility to help our downline get into profit as quickly as possible. This is not accomplished by sending them to meetings they can ill afford or by getting them hooked up with all of our affiliates before they really need those services.

We do need to provide our downlines with these resources, but only when it is appropriate. Our first efforts need to be focused on getting them into profit so they can generate the income to pay for the affiliate services they need using the money they earned.

Provide Accurate Information

Another change that the Internet has brought about is the amount of information that our customers and prospects have access to. As a young adult I attended some of the opportunity meetings for several different companies. The only information I was given came from the person who invited me to the meeting and those who ran the meeting. Now they have it all at their fingertips and it amazes me how much wrong information is being given out.

As responsible business people we do a disservice to our company and ourselves if we represent our products using incorrect information. If you have to misrepresent your product to make a sale or recruit someone you should reconsider what you are marketing.

Empowerment

Much of the MLM world is focused on empowering your downline. However, to accomplish this you must provide the tools of empowerment. If someone in your downline asks what they should do to build their page rank and you tell them to write articles and submit them, is that really empowering them? What if they have no clue about article writing let alone where to submit one? Telling someone who has never written an article that this is what he or she needs to do is only going to put another obstacle in his or her path.

A better option is to tell them they need to write articles and provide some resources for the basics of how to write an article. Not providing this simple type of resource has the ability to make your team member feel trapped and anyone who feels trapped is not very productive.

Whats Your Bottom Line?

Lets face it; most of us are in business to make money and because we were tired of having a JOB and a BOSS. As Responsible Leaders we need to provide our downline with up to date tools that produce and stop telling them to do things simply because that is what we were told.
Don’t short change your own or your teams creativity because you are more comfortable with the old school ways.

Allow yourself and your team to “Step out of their Box” by not shooting down their new ideas and exploring the possibilities because it doesn’t fit into your way of thinking. Empower yourself and your team by looking for new avenues that teach what is necessary to be successful.

Conclusion

Take the tools you were given and find a way to adapt them to our time. No you don’t have to reinvent that proverbial wheel. But you do need to modernize it. But keep in mind, if the wheel is broken, you are going to need to get out your saw an hammer. If these means putting in some extra time and developing tools that work, then get to it! Teach your downline to build a firm foundation and lead them by example!

When to NOT Work Your Warm Market

Warm Market

Whether you are new to Network Marketing or a Veteran, one of the first things your sponsor or upline told you to do was to make a list of your friends, family and the people you know and start sharing your new business with them. This list is called your “Warm Market”.
When I started my business back in January 2005 I was told to do just that. It didn’t make sense to me at the time, but I couldn’t quite put my finger on why. Now with a little time and a lot of experience under my belt, I know why being told to work my “warm market” put a knot in the pit of my stomach.

Working your Warm Market

If you have a product or service that is of interest to those on your warm market list then it is certainly OK to share the product or service with them. Your warm market can help you to create “Buzz” surrounding your new business and what you offer. This is also an excellent way to get you into profit quickly.

I would encourage you to use your warm market for retailing your product or service. However in Network Marketing, there is a time and place for everything and attempts to prospect your warm market for your business opportunity is a mistake!

When NOT to work your Warm Market

Sharing the “Business Opportunity” part of your business with your warm market can create a situation that can leave you without friends and the brunt of family jokes.

Beware of using your warm market to prospect for your business opportunity. If you do you could set yourself up for some unexpected pitfalls in your business. Because your warm market is your first affordable choice for marketing your product or service, you want to ensure that they are comfortable calling you or having you call them when they make a retail purchase or contract for your service.

If your warm market feels like they will be “attacked” by a sales pitch each time you call or come around, you risk alienating them from your products, services and personal life. If they expect that each time you call you are going to try and “get them onboard” with your business opportunity, they will just avoid you and that will not put money in your pocket.

Stay on the invitation list of your friends and family by providing them only with your high quality product or service. They will see your success over time and the enjoyment you are experiencing and will want to be a part of it…IF they are interested. Your success through action speaks much louder than words. Get out there and Share your Passion!

Mindset is Nothing without Action!

Cherrie

How to Build a Business on a Budget

Getting a new business started can be exciting and a little scary. This can be compounded if you have limited funds, (and who doesn’t?) to expend towards marketing and advertising. If you want to earn money quickly, retailing is your best option. This is where you make your list and work your warm market.

If you are in a network marking type of business, then you know what your warm market it. You were probably told to make a list of all the friends, family and people you know when you were just getting started in your business. This is your warm market.

Make your warm market list and start to introduce your them to your product line. When they fall in love with your products they will start to share information about you and your business with their warm market and so on, and so on. Using your warm market has the potential to double your amount of “Free Advertising”.

Word of mouth is a great affordable way to advertise any product of service and its free. Make phone calls to your warm market, send them an email and share with them in person.
Depending on what type of product you are marketing, you could suggest your product line for personal use or as a gift giving item. Its possible that your product line could be used in a fund raising effort. You will want to make sure this is ok with your company first. Fund raising is an excellent avenue for retailing your product and generating income. You can quickly get your business into profit without expending a large amount of money.

Visit local shops, car washes, veterinary clinics (anywhere people mill around and wait) and inquire with the owner or manager if they would be interested in carrying your product line on consignment (where you split the profit). You can ask that they pay for the product up front for sale in their store and you’re into instant profit. Some stores will only want to pay you once the product sells which means you have inventory sitting on the shelf before it sells. Long-term income will come with repeat retail customers.

You may want to consider offering a discount for those ordering in multiples. Your buyers may opt for the discount which will round out your required order more quickly and possibly result in more sales overall.

The key to selling a large variety of products when you have limited funds to purchase stock up front is to conduct “Pre-Sales”. With pre-sales you take orders and collect the money at the time the buyer places the order. With this method you collect the cost of purchasing the product and your profit up front. You will have to actively workto sell the required minimum order in a relatively short amount of time so tht your customers don’t have to wait too long. If your customers have to wait longer than 7 to 10 days, they may not order from you again.
If your company offers a product catalog this would be a good investment when your funds are tight. Working a business on a budget is something that anyone can do and everyone should do. Get out there and Share your Passion!

Mindset is Nothing without Action!

Cherrie