To the newcomer, the world of Network Marketing can be a perplexing maze of new ideas, products, services, schemes, and let’s face it, scams. The failure rate for network marketers and other home-based businesses is staggering – reportedly about 95% – but as the industry grows and matures, that trend will change.
I’ve learned a few lessons the hard way…and many of you know what those are…but I believe I can offer some good advice for the beginners. None of the information presented is particularly original – any lesson I’ve learned painfully has been documented by someone before me – the trick is to apply the experience of others to your endeavors to avoid making the obvious mistakes that will impact your attitude (and your wallet).
Get a mentor! Or several…many of the things I’m writing about have been taught to me by people who have achieved success in Network Marketing…capitalize on their experience!
Have multiple income streams…or as Grandma used to say, “Don’t put all your eggs in one basket”.
If you intend to concentrate on selling a particular product line, use some of the products before you invest time and money in the business. Unless you’re a professional (or natural) salesperson that could sell ice cubes to Eskimos, you’re going to have a hard time selling products about which you are not passionate. Even then, keep in mind that direct sales are a tough way to go for most of us – if you’re easily discouraged by rejection, you should think about following a different path.
Be a little skeptical about the opportunities you look at – but don’t be so negative that you reject anything and everything just because it doesn’t fit into your preconceived notions about what will work.
Attitude is key – believe in yourself and your capacity for success. There are a ton of personal development books, programs, websites, etc. available – tap into a variety of resources to keep a positive mindset going
Ignore all the “dream killers” that you run into – the easiest way to fail is to allow someone to convince you that you can’t succeed. Even if they believe they have your best interests at heart, or have tried and failed themselves doesn’t mean that you can’t do it!
It will take time! – Understand that you are going to have to develop new skills and talents to be successful at Network Marketing – and there is a ton of free information on the web that you can use to do so.
Be realistic about the time commitment necessary to building any business. You don’t have any “spare” time – you’re going to have to make time by giving up something you enjoy – like watching the tube for a couple hours each night before you go to bed.
When you do start to make money, don’t start spending it like there’s no tomorrow – invest it back into the business, pay off bills, start a savings account – and remember that Uncle Sam is going to want a piece of it on April 15th.
Distinguishing the Value of Various Markets
Thousands of people, every day, try to develop a way to make money at home. With all the advertisements and proposed get-rich-scams, one cannot help but to delve into the unknown, as a banner, pop-up, or some flashy icon grabs their unsuspecting attention. “Looking to work from home? Click here to make a realistic $4000-5000 a month!” Sound familiar? It becomes agitating to look a little deeper, only to find out that it’s not understandable and buying into the program to make a purchase, only to find out that it’s severely outdated and provides little to none of the valuable assistance. If you write and get paid for a living, read below to find a helpful alternative.
It can be overwhelming having to condense all the hype and “secrets” that make you tons of money. First, there is BBB.com which one can just copy and paste the URL of the website to find the legitimacy of its services and products. I use BBB to determine whether or not the site practices safe business processes but BBB offers limited information and one cannot determine all the facts just because the business happens to be accredited.
If you are really interested in finding out what programs offer and which sites are competent enough to provide you with a service, you will want to find a website that globalizes all the information into a single website with easy and searchable topics. Getting started with your home based projects should, on your part, be analyzed and assessed to differentiate the true values of service and products; before you waste any more money on useless crap.
A lot of the stuff out there just doesn’t live up to what the seller claims and usually is a desperate attempt to leech as much money as possible because of their failing entrepreneurship. If you are a writer or just an ‘honest’ person who wants to do their part in making these scams known, you can make money just by writing a simple review or giving your opinions and experiences with various websites; keeping others from getting scammed with your research into the websites catalogued within “The Report Card.” I am a member of, The Report Card, and I write for a living. I found this site to be particularly helpful in supplementing my income and knowledge.
The Report Card is basically, like a teacher grading a student’s assignment. If you have experience regarding proposed get rich scams or useless services, we would like you to write it down and we will catalog it for you; the best part is, you get paid for it. You can do some research on various sites or choose one from the list and grade it, comment on it or just choose a product on the list to see if it is actually a legitimate one and if it suits your needs for whatever you necessitate. The Report Card is a community of people who fell victims to these scams or have experience with a lot of scams; even just people who want to police the cyberspace and report the useless ones.