veema Are you tired of struggling to get ahead? Are you weary from worrying about how you are going to make ends meet? Would you like to find an avenue that could remove these uncertainties from your life and help you to become financially free? If you answered yes to any or all of these questions, then network marketing may be for you! Every year thousands of people take the plunge into network marketing and, unfortunately, a large majority of them end up quitting before they really give their businesses a chance to succeed. While there are many reasons why people quit their new ventures, one of the most prevalent reasons is feelings of inadequacy in being able to make them work. One of the biggest reasons for these feelings of inadequacy is lack of training and preparation for growing their businesses. Regrettably, some individuals recruit new team members for inclusion into their network marketing businesses and, once they sign these new members, they do not follow through with them. They do not prepare their new recruits for success by working with them and training them on how to grow their businesses. This is not an intentional faux pas, but more a lack of understanding on how to build winning business teams. People continuously ask me how they can build a successful network marketing business and what the secrets are to making it work. They tell me they have tried network marketing and failed, but see others that are being highly successful with the very businesses they could not seem to master. With that in mind, I have put together some tips on how to find a network marketing business that is right for you, and how you can make that business a success. While building a
lucrative network marketing business is not brain surgery, it does require some key components in order to be abundantly successful. In this article, I will discuss some of these components and why they are essential to building your empire. Opportunity If you are looking for a way to improve your financial situation, do not judge all network marketing ventures by bad experiences you may have had in the past, or do not let your lack of experience with network marketing prevent you from exploring it as an avenue for income. Network marketing can be a fantastic opportunity to truly make a difference in your life. The truth of the matter is that network marketing can be a very lucrative way to earn an extra income and, if one is committed to building a business, can be a significant tool in improving ones overall financial status. A network marketing business can be life-changing if you have the desire, dedication, and commitment to making it work. It is even possible to realize financial freedom through network marketing if you are persistent enough to persevere in your endeavors. You are the one that has to make the decision on where you want to go in life and it is up to you to devise a road map that will get you there. The right network marketing business can be the vehicle that drives you to financial success! Decisions You may be asking yourself, How do I know if network marketing is right for me? How do I go about finding a network marketing business that will meet my needs? How can I be sure I am choosing the best company? How can I determine up front if I will get the help and support I need to build my business and move it forward? These are all perfectly legitimate questions, and they are also questions you need to make sure you have the answers to before taking the plunge into the entrepreneurial world. While we will address these issues as we move forward in this article, one thing you must understand is that you are ultimately the one that will be the key to your victory. Up line mentors and team members can provide needed training and support to help you get your business off the ground, but what you choose to do with that training will be the determining factor in your success. There are some key, essential elements you will need to consider before embracing a homebased business enterprise. Some questions you need to contemplate are, Do I want to control my destiny? Do I want to be my own boss? Do I want the flexibility to work from home (or from wherever I choose to work)? Do I want the time freedom to set my own work hours? If you answered yes to these questions, then network marketing may be right for you. Now ask yourself, Am I serious about owning my own business? Am I committed to building this business? Can I spend a minimum of 1-2 hours per day building my business? Can I commit to working with a mentor on step-by-step training to help me achieve optimal results in building my business? If you answered yes to these questions, you can be very successful in network marketing. These are just some of the criteria you will need to consider before making the decision to join the world of network marketing. You must do some serious soul searching to find out if you have what it takes to build a financial empire that can set you free. The Product Before becoming involved with any network marketing venture, do your homework! First, you
must choose a product or products that you believe in and are passionate about. These products must be something people want, and for which there is a high demand. It will accelerate and stabilize your success if these products are consumable, where customers come back month after month to repurchase them. This is what builds residual income. The Company Secondly, research the company that sells the product or products of choice. Is it a reputable company with a proven track record? A good rule of thumb here is to look for a minimum of five years in the business. You do not want to associate yourself with a fly by night type of company that is here today and gone tomorrow. Does this company sell proprietary products? Do they have any patents pending? What have they done in the last six months to expand or promote growth? Do they offer a money-back guarantee on their products? What type of start-up money is required to start a business? What are the monthly requirements to maintain the business? The Compensation Plan Next, review the compensation plan. What type of compensation plan is it? How does it pay? Does the company offer fast start bonuses or service pools? What are the ways in which you get paid? What type of incentives does the company offer, and how do you maximize the benefits of these incentives? Most companies pay out between 25% and 55%. The difference is in how the money is paid out. As you will be aligning yourself with the network marketing industry to make money, this is a very important piece of the puzzle to research! Sponsorship and Training Finally, once you have gathered the information you need on your product(s), the company, and the compensation plan, the next step is to determine the best sponsor with whom to enroll for your network marketing venture. While finding a sponsor will be a relatively easy endeavor (you can call the company and they will put you in contact with a distributor for their products, or you can simply do a search on the internet to find one), finding the best sponsor for your needs may require a little more work on your part. In order to determine if this person can and will provide the training and support you will need to build a successful network marketing business, you must ask them some pointed, in-depth questions pertaining to the commitments they are willing to make to new members that join their team. Do they (or the company) have a training program in place? How does it work? What type of support can you expect during your first 30 days with their team? Will they train you, guide you, and demonstrate step-by-step proven methods to help you jump start and grow your business? Will you have a mentor to guide you through the learning stages of your new business? Is your sponsor and/or up line willing to assist you with prospecting, closing, follow-up, and training of your new recruits until you learn how to effectively do this yourself? Can you count on their support and expertise to help you get your business up and going? In other words, is this sponsor someone who will work with you and provide you with the support and leadership you are going to need to help you get your business moving as quickly and efficiently as possible? Remember, they have a vested interest in helping you to grow your business. The more they help you, the more it helps them. The bottom line here is that network marketing is all about duplication, and you want to join a winning team. Successful network marketers will have a system in place for showing their new team members exactly what they need to do in order to be successful. You do not want to waste your time with someone that is going to sign you up and
leave you to flounder. If this sponsor cannot give you a commitment to provide you with the guidance and support you will need to successfully launch your new business, look for another sponsor. You have made the decision to pursue an avenue with network marketing that could change your life forever and you owe it to yourself to make sure you team up with a sponsor that is as serious as you are about achieving ultimate success. The Commitment Once you have found and secured your niche, it is time to make a commitment. Network marketing is not a get rich quick scheme. While it can very well be the avenue that will lead you to financial freedom, it requires some work on your part. It takes time to build a down line. You have to prospect and close your recruits. You have to follow-up with them and provide training and support (just like your sponsor did with you!) to help them build and grow successful businesses. You have to be willing to put the time and effort into building your business and making it a success. This will not happen overnight. Make a commitment to yourself that you will give yourself adequate time to build your business and not become discouraged and quit. You are not going to recruit everyone you prospect. You are going to get some turn downs along the way, and that is okay. It means you are working! In order to fully optimize your business success, make a commitment to participate in special training sessions provided by the company, and make every effort to attend the company conventions. These are vehicles that will facilitate networking opportunities with the leaders in your company and keep you excited about your business. Listen in to the corporate business building and product calls as this will accelerate your learning curve about the company and the products. When you join a network marketing company you need to commit to staying with them for a minimum of six months in order to know if the business will work for you. It normally takes about that long for the average business builder to start reaping significant benefits from all the time and work they have invested. Plus, you have to give yourself enough time to learn the business so you can become a productive marketer. It generally takes about a year to be able to adequately evaluate the success of a network marketing business. Make a commitment to give yourself and your business ample time to flourish. In the long run, you will most likely be very glad you did! Setting Goals The next step is to set some goals for yourself. Where do you want to be at the end of 30 days into the business? 90 days? 6 months? 1 year? The purpose of these goals is to keep you on track and moving forward. They provide you with a road map to follow to build your business. Make these goals realistic and attainable, and work to achieve or surpass them at each interval. And, remember, you can update and revise these goals at any time. You might want to start out by setting daily, weekly and monthly goals for yourself, as well. How many phone calls will you make each day? How many live people will you prospect every day? How many recruits will you shoot for each week? What is the minimum number of enrollments you will strive to make for the month? If you do not reach your goals for the day/week/month, do not become discouraged and quit. Just work harder the next day/week/month. As you get more comfortable with building your business, and as your productivity accelerates, you can revisit your goals and revise them to keep yourself moving forward.
Words of Wisdom Network marketing is a magnificent tool that can significantly improve and even change your life. If you decide to join the wonderful world of network marketing, make sure you treat it as a business and not as a hobby. You need to develop the mindset that it is a business; it is a business that can end up being your future lifeline if you take it seriously and work it accordingly. Network marketing can be the resource that sets you free! Veema Learn More by Visiting http://www.lawrencetam.net/what-is-vemma-and-how-is-it-changing-network-marketing-as-weknow-it/