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HOME-BASED BUSINESS---MLM, IS IT FOR YOU?
by: Judy Thompson
Copyright 2005 Judy Thompson

Are you looking for a home-based business? This could be a wise decision since there are countless advantages to having your own home-based business. Or it could be an unwise decision for you if you get caught up in one or more of the many, many scams out there. Before picking a business that seems right for you, you should at least know some basics.

Select a business according to your own special interests, abilities, time and finances.

As you pursue that dream of being your own boss, working from home, having more time and money, undoubtedly you will run across numerous MLM opportunities.

MLM, or multi-level marketing, also referred to as network marketing, offers the wonderful benefit of allowing you to develop a substantial residual income. Your income is based, not just on your own efforts, but also on the efforts of others. MLM is a “people helping people” business. The more you are able to help others succeed, the more successful you will be, too.

However, you will want to understand some basics about the company, its products, and its compensation plan, before you join.

With so many new people entering the world of wanting to work from home, it is not at all unusual for me to hear them ask, “How do I get paid?”

So … be sure you know this important fact: a true, legitimate MLM company will pay you commissions only on the sale of its products or services!

You do not need to do all the selling by yourself. In fact, if you choose, you can simply be a user of your company’s products. But you will need to enlist other people into your organization (your downline) who will also use or sell the products. The company will then pay you a certain percentage from the sales of all products in your downline. If you have only a few people in your downline, most likely your commission check will be very small. But, if you have some workers in your group, your own efforts can be multiplied many times over, helping you to build a large downline. Then you could be looking at some very lucrative commission checks.

There are several types of compensation plans used by MLM companies to pay commissions. It is not the scope of this article to go into detail on these compensation plans. But one point I would like to make is this: some MLM compensation plans require high sales quotas, making it necessary for you to be a good sales person in order to do well.

Other plans may use a type of matrix, which requires a much lower volume in order to be paid commissions. In my opinion, matrix plans are better suited for most people, who may not be great at retailing products.

Make no mistake about it, though, a home-based business, whether MLM or not, requires work and financial investment. In addition, it requires a great deal of self-discipline.

The great news, however, is with all the automation provided by the internet, developing a good quality, good paying home-based business is more realistic today than ever before!


About the author:
Judy Thompson, a former teacher and business owner, is also an experienced network marketer. She promotes a nutrition company that has an automated support system. For details, go to: http://automaticbuilder.com/333015895/?source=sya405


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 Network Marketing Do's and Don'ts
 by: Nial Robbins

Why did you become a network marketer? Most people immediately respond, “for the money!” However, this is not the real reason.

No one subjects them to the hard work of building a business just for little pieces of paper with the faces of dead presidents. The truth is you work in order to obtain what those little pieces of paper can bring you.

The first thing you need to do is to find the reason WHY you are a network marketer. Is it the freedom to choose whatever you want to do whenever you want to do it? Maybe you are looking for a different lifestyle. If there is one thing that is critical to your network marketing success, this is it. If you don’t have a reason, there is no motivation to succeed.

A network marketing business is a teaching and coaching business. If you don’t like interaction with other people, a network marketing business probably is not for you. There’s a concept that most network marketers just can’t seem to get a handle on. You do not sponsor “reps,” you sponsor “people!”

If you have to find a reason why you are building your business, then doesn’t it stand to reason that other people will have to do the same thing? If that’s the case, then why is it that network marketers continually focus on how much money your prospect can earn?

There’s no way you are going to convince “Joe Sixpack,” to get out of his Lazyboy recliner unless you find out what his motivation is. Most network marketers literally pound in the amount of money Joe can earn. They bombard him with message after message about how “Successful Sam” has just purchased his 10th Porsche, refurnished his 25,000 square foot cottage and promise Joe that he can do the same!

Just how realistic is this approach? Joe isn’t stupid. He works long, hard hours at his job in order to provide for his family and truly believes that the best thing he can hope for is saving enough money by summer to pay for a camping trip. Then here you come, promising Joe that he can have everything that Sam has and he can have it if he will just sign that piece of paper making you his sponsor!

You will probably sponsor a few people that way, but if you are in business for the long haul you need to change your approach and do it fast.

The proper approach is so simple, but in your rush to sponsor another “rep” instead of helping another person, all too often you talk yourself into and straight out of sponsoring the Joes of the world.

God gave you two ears and one mouth and he did it for a reason. We are supposed to “listen” twice as much as we “speak.”

Instead of pouncing on Joe with the latest and greatest network marketing program of all time, find out what Joe wants and needs. Ask him questions, lots of questions. In fact, in your first meeting with Joe, don’t even mention your business! Yes, that’s what I said. Don’t even bring it up. Remove yourself from the super duper network marketing persona and spend time making a new friend.

Follow these recommendations and you are set to grow your business exponentially.

NOTE: You have full permission to reprint this article within your website or newsletter as long as you leave the article fully intact and include the "About The Author" resource box. Thanks! :-


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