So here are 3 things you need to know even before starting your home business:
#1. You're Building A Real Business - Right from the get-go, you need to get the thought out of your head that you're building some small-time, rinky-dink thing. Yes, you probably only made a minimal investment to start your business but make no mistake about, you are building a real business. Just take a look at the size of the Industry and how many hundreds of millions of dollars a year it generates, and you can see that the home business Industry is no joke. Then take a look at some of the top earners Industry-wide, and you'll see that the 7-figure monthly incomes are dead serious. With that said, I'm certainly not guaranteeing that you will see the same success because I have no clue how what kind of work ethic you have or how disciplined you are. But the potential is there, and if you want to see success, you need to treat your business seriously. That means learning your company's system and doing the necessary work to move through the ranks. The questions you have to ask yourself... Why would you play around with something that can potentially pay you double or triple what you make at your job? And you can do it from home so you can be with your family instead of away from them?
#2. It Takes Time To Build A Business - Imagine this: You walk into a gym and tell the trainer that you want to lose 50 pounds and get in amazing shape in 30 days. What would the trainer tell you? Or imagine this: You walk into a college class and tell the administrator that you want a degree after 30 days? Sounds ridiculous, right? But 9 out of 10 distributors start their business with that very mindset. They're excited when they join, but if they're not making $10,000 a month in their first 30 days or so, they think it doesn't work and they quit. If you simply understand from the start that it will take time to build your business, you'll be so far ahead of most distributors. To build a solid base for your business, you should be prepared to invest at least 12-36 months of consistent effort.
#3. You're Real Product Is YOU - At the end of the day, people don't join a company or product. They join YOU. They join someone they like and trust. So work on personal development. Of course, I'm not saying you shouldn't learn your company's products, or talk to people about your products. But trust me, they are looking at YOU more than they are looking at the products. Be the person that they would want to follow, and work on self-improvement every day so you can offer value to the marketplace and to your prospects.
So there you have to. If you can accept those 3 things, you'll have the right mindset to see success.
If you are looking for an amazing opportunity to get started, then you should looking into one in particular!!
Here's the Harvard School of Business Study!
Harvard Business School name Rodan + Fields, Once in a Lifetime Opportunity
Written By: admin - Jan• 23•13
A high percentage of work from home opportunities are in network marketing. Most home based businesses fail for a variety of reasons, none more critical than getting in at the wrong time in the company’s life cycle. I’ve done a lot of research into network marketing and wanted to share my findings with you. Here are some important things to know before you venture into this type of home business.
Network Marketing or Multi Level Marketing (MLM) is being taught at more than 200 colleges including Harvard Business School. After extensive research into the network marketing industry, Harvard Business School developed 3 criteria that a network marketing company must have in order to make it a desirable opportunity. They are:
1. The company must be at least 18 months old. 90% of all network marketing companies that fail do so in the first 18 months of operations. Lack of adequate financing and inexperienced senior management are two of the more common pitfalls of start up companies so be sure to find out what you can about the MLM’s funding and management.
2. The company must have a product that is both unique and highly consumable. Meaning it must be an exclusive product that can be purchased only from your distributors with repeated sales thereby guaranteeing customer loyalty versus a one-time sale and having to locate new customers.
3. It needs to be a "ground floor" opportunity. Harvard Business School suggests that in order for the opportunity to qualify as a ground floor type, the number of existing distributorships should be less than ½ of 1% in the country where this network company exists. In the U.S., this figure is equal to 1.5 million people. Harvard Business School also stated that if there were less than 500,000 people involved, you would be on the cutting edge of a great opportunity. If the company has less than 100,000 distributors, Harvard Business School considers it to be a once in a lifetime opportunity. (2013 R+D is at approximately 20,000 commissionable distributors)
The Harvard Business School study also stated that there are 4 distinct stages of growth in a network marketing company – Foundation, Concentration, Momentum, and Stability. The Momentum Phase is when the company experiences phenomenal growth. Both retail and distributorships explode in terms of expanding growth. It is during this period that the company virtually sweeps the nation. When a company’s sales reach about 50 million annually (4.2 million a month), they reach what is called "critical mass" (sales go vertical right off the graph). Also, approximately 2/3 of the company’s growth of new distributorships occur during this period of time.Let’s assume you have an organization which is producing an override bonus check to you of $1,000 per month. When the company reached critical mass, distributors almost automatically experience a ten-fold increase in their earnings. In other words, $1,000 per month becomes $10,000 per month. This is the reason for getting involved on the ground floor, so you will experience the benefits of explosive growth.
More Information: www.Tdodge.MyRandF.biz
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