Wednesday, October 29, 2008

Can we Succeed where others Fail:

Most successful people from all walks of life will tell you that success is up to yourself. They will also tell you that after many years of hard work success found them.

They woke one morning and found they were an overnight success – I don’t think so!

So let us focus on success or failure in Network Marketing.

You get involved in a network marketing business - why - are you looking for more money? More time? A bit of both? Do you want to be I control of your life? Why is it you got involved? Answer this question and the process begins.

Define what you are looking for – write it down – successful people call this the Reason Why or the Goal or the Dream.

You could be just looking to earn an extra €100 per month and that would be success for you – so in that case work with whoever registered you into the business and get them to show you how to make €100 per month.

If your Goal is to create a larger income through building and maintaining a network of people then you need to sit down with a successful member of your support team and put a plan in place but remember you still have to do the basic requirements of the business plan to get started – so you can work away at putting in the foundation of your business.

All large building projects begin with a strong foundation – put in the foundation because long term this is what your success is built on.

Can we Succeed where others Fail? Of course we can - people fail in all walks of life it doesn’t have any bearing on other peoples success and it also doesn’t brand them a failure.

To have a little doubt is ok but to have faith in your own ability is even more important.

Be willing to listen but also be willing to work hard – go on blaze a new trail for yourself and others will follow.

Tuesday, October 28, 2008

Amway a Business for Today:

Considering all the challenges the Amway business has gone through over the years and more so in the past eighteen months – is Amway a business for today?

Certainly if we consider that economies are on the downturn, there must be a percentage of the population that is looking for an opportunity to increase their income and maintain their lifestyle – but was that not always the case?

If we consider the 80 – 20 rule then we can to come to the conclusion that most people will not do what it takes when it comes to succeeding in business. Now many people are happy with their lot in life and to this end they are entitled to be left to what ever it is they are happy with. Just imagine out of every 100 head of population we have an 80% target market for retailing products and services.

Now that we know how big our retail market is we can conclude that our business opportunity is in the other 20%.

Here then is the dilemma - within the 80% who will be our customers and within the 20% who will join and build the business with you. A further dilemma is who in the 100% is likely to be in the 20% and who in the 80%.

Well the answer is we don’t know – so the process begins – and that then is our business – sorting through people – engaging people in conversation about their life – finding out do they fit the business or customer profile – either way play your cards right and you are on a winner. Retail customers are required to build a successful network marketing business now more than ever before. [some will debate this point - so debate]

I remember listening to a tape by Dexter Yager of Amway fame - where he said “you talk to a lot and you find a few – talk to a lot and find a few” - stick to the basics.

Now just how do you do that – well most people need some form of basic training in approaching people in the correct way so as to add to their chance of success. Success is never guaranteed in any walk of life especially business – so doesn’t it make sense to learn the fundamentals of the business from people who have walked the walk before you.

So like any job or business the majority can’t just walk in and be successful – there has to an education process and our business is no different – we have the process that most people prefer - it’s called ‘on the job training’ and ‘earn as you go training’.

The question is who is more suited to carry out this training? People who have blazed the trail or theorycrats [great word that] from behind a desk. Defined training courses are essential but active ongoing training has to be a winner in terms of keeping people motivated.

So back to the question is Amway a business for today - look at their stats world wide they certainly are very impressive, - so in my opinion if you are looking for a business that has a track record of success then look no further than Amway.

Friday, October 24, 2008

Networking - more important than ever:

With the economy on a downer at the moment we need to look at our income/revenue streams. How many sources of income do you have at present - if it's one, then ask yourself what if something were to happen to me - how many months salary have I in the bank.
You could do a lot worse than look at Network Marketing as a way of generating a second source of income. Be sure to link with a credible company, one that has stood the test of time. Watch out for new fast moving ideas that may not stand the test but if you choose one of these make sure there is an out for you and you are not putting to much money upfront.
All network marketing requires work to achieve a good level of success - so don't be fooled by those who say you will be wealthy in a short period of time - you get out what you put in - time & effort is required to build any sustainable network - you can't buy your way to the top.
Look to lead and you can be a winner in the Network Marketing Business

Making Money In Network Marketing:

Can you make money in network marketing? Of course you can if you treat your involvement like a business where you buy & sell at a profit and avoid giving away your products to family friends at discounted or cost price.
One of the pit falls of making good money is that network marketers chase the volume bonus structure and ignore the profit margin between buying & selling - i.e. your retail markup. If you put time & energy in to a business venture try your best to make it pay - people will always look for discount and if you give it once you feel you have to continuously give it - believe in your product and believe in the quality of your service and don't try & justify your fair margin of profit.

What is Network Marketing:

This is a great question because there are a lot of misconceptions out there. Basically Network Marketing is the movement of goods & services through a combination of manufacturers, sevice providers and self employed people/business owners in order to sell those goods & services to an end user.