Is it really possible to build a residual income of $20,000 a month in less than 12 months?
The answer is yes!
Here is a step by step guide to building a home busines empire. Whether it be network marketing, mlm, or direct sales. It could even be your online business.
1- Mission: You have to figure out your why. Why do you want to be successful. Most people say I want more money. You have to be more specific than that for you to realize your dreams.
2- Industry: Must choose the business or industry that you want to be in and stick to it. Focus is key in achieving any goals. I chose direct sales because the payouts are high, which brings me to the next point.
3- Profit Potential: How well will the pay be and is it worth your time to pursue this business. Make sure that your getting paid residual, passive income. Income that keeps coming long after you've done the initial work.
4- Products: Make sure what your selling is what people want and is a very marketable product. If what you are marketing is not a stand alone product you will have a hard time selling it. Besides that you want to proud of what you are selling, find products that feel right to you.
5- Mentor: Find a mentor. Someone you can trust. Someone who has done what you are trying to do and has the results to prove it. This has to be someone who is willing to listen to your needs and actually cares about your success. He/she must also have a financial interest in your success. Make sure he gets paid every time you do. That's why the network marketing and direct sales is a good industry to get started in.
6- Marketing: Build a attraction marketing system that does 90 percent of the work for you. Everything from sorting, selling, training, etc, etc. This system must not only attract (right keywords, ads, etc) the right type of person (entrepreneur vs. get rich quick loser) but be able to present the information in such a way that is clear, concise, to the point and not full of hype fluff or crazy promises.
Then figure out how to get 100-200 quality targeted prospects into your marketing pipeline each week. Remember 79 million Americans plan to start their own business in the next 3-5 years!
7- Training: One on one and group training designed to dramatically shorten the new consultants learning curves and reduce the number of variables that come with "trail and error". Our system is designed to "share" the knowledge and experience with every member through our daily training calls and forum.
8- Support: Unparalleled support is mandatory. All of your team members should recieve contact information from your top leaders.
9- Duplication: I didn't stress anything in this entire article is would be this. If you get everything above correct, you should have a nicely tuned marketing system. As long as you make your mission to help others, you will have no shortage of people joining your team. Remember there are millions of people looking for someone to trust. Be sure to take this responsibility seriously and make sure your team is duplicating.
Here's the bottom line to building your home business empire. Find a compensation plan that rewards you for assisting others.
In my company if I were to assist 50 people to each make 20k month I would be looking at 100k month residual income, all off of other peoples efforts.
I'm going to leave you with an interesting fact.
5 minutes is the amount of time you've wasted if you don't act on this information quickly. :)
The answer is yes!
Here is a step by step guide to building a home busines empire. Whether it be network marketing, mlm, or direct sales. It could even be your online business.
1- Mission: You have to figure out your why. Why do you want to be successful. Most people say I want more money. You have to be more specific than that for you to realize your dreams.
2- Industry: Must choose the business or industry that you want to be in and stick to it. Focus is key in achieving any goals. I chose direct sales because the payouts are high, which brings me to the next point.
3- Profit Potential: How well will the pay be and is it worth your time to pursue this business. Make sure that your getting paid residual, passive income. Income that keeps coming long after you've done the initial work.
4- Products: Make sure what your selling is what people want and is a very marketable product. If what you are marketing is not a stand alone product you will have a hard time selling it. Besides that you want to proud of what you are selling, find products that feel right to you.
5- Mentor: Find a mentor. Someone you can trust. Someone who has done what you are trying to do and has the results to prove it. This has to be someone who is willing to listen to your needs and actually cares about your success. He/she must also have a financial interest in your success. Make sure he gets paid every time you do. That's why the network marketing and direct sales is a good industry to get started in.
6- Marketing: Build a attraction marketing system that does 90 percent of the work for you. Everything from sorting, selling, training, etc, etc. This system must not only attract (right keywords, ads, etc) the right type of person (entrepreneur vs. get rich quick loser) but be able to present the information in such a way that is clear, concise, to the point and not full of hype fluff or crazy promises.
Then figure out how to get 100-200 quality targeted prospects into your marketing pipeline each week. Remember 79 million Americans plan to start their own business in the next 3-5 years!
7- Training: One on one and group training designed to dramatically shorten the new consultants learning curves and reduce the number of variables that come with "trail and error". Our system is designed to "share" the knowledge and experience with every member through our daily training calls and forum.
8- Support: Unparalleled support is mandatory. All of your team members should recieve contact information from your top leaders.
9- Duplication: I didn't stress anything in this entire article is would be this. If you get everything above correct, you should have a nicely tuned marketing system. As long as you make your mission to help others, you will have no shortage of people joining your team. Remember there are millions of people looking for someone to trust. Be sure to take this responsibility seriously and make sure your team is duplicating.
Here's the bottom line to building your home business empire. Find a compensation plan that rewards you for assisting others.
In my company if I were to assist 50 people to each make 20k month I would be looking at 100k month residual income, all off of other peoples efforts.
I'm going to leave you with an interesting fact.
5 minutes is the amount of time you've wasted if you don't act on this information quickly. :)
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