Friday, March 27, 2009

Home-based Business - Are You Building Your Business on a Strong Foundation?

My current home-based business venture has taught me that Network Marketing is not a selling business. Network Marketing is a teaching and mentoring business. My success today is directly related the skills my mentors have taught me.

What type of training really works?

There is not one way to build a business, but you must lay a strong foundation before you begin to frame the house, otherwise there is nothing to hold up the structure.

I have pulled training from a variety of sources. Some of the most beneficial training I have found has been "Colors To Success" personality training, Understanding your Policies and Procedures and Compensation Plan, The 5 Pillars Training, & How to build a list.using a duplicatable system.

Colors Training teaches you how to relate to the various personality types. Understanding people will do as much to help you reach your home-based business goals as any other training available.

By understanding your policies and procedures and compensation plan, you can determine if the company is set up so that the distributor has a chance for success.

  • The way you get paid affects the marketing strategies you will need to use in your business plan to be successful.

  • Many companies have strict guidelines that you need to know about because they can and do impose sanctions up to and including taking a monthly check or termination if their policies are violated.

Consider the management team; know who writes your checks. You will want them to have built their own organization and network-marketing specific management experience. You will have to learn how to research them to find out this information.

Does the Network Marketing Company have a flagship product and is there more than one? One product isn't enough to sustain your business.

Do you have a duplicatable lead-generating system? Having a duplicatable lead-generating system that will work for ALL members is crucial to your success.

Home-based business owners must learn that this is a teaching and mentoring business. You are there to teach your prospects and mentor them, not "sell" them on your deal quickly.

It takes a lot of time and effort to effectively train a new person in your business. You are not looking for a warm body; you are looking for the "warrior". Warriors build Network Marketing businesses; warm bodies waste their money and your time.

The same is true for retailing the product. You must build a relationship with your customer and provide ongoing service after the sale.

Network Marketing really just means we can build a business without having to do it alone. By using the resources around us and "networking" with other people, everyone benefits.

Brenda Bunney

http://BrendaBunney.com

http://HomebasedBusinessBunney.com

bdbunney@gmail.com

Brenda Bunney is married with two children who resides in Stillwater, Oklahoma. Go Oklahoma State Cowboys... and Girls. She is a successful network marketer who believes anyone can be successful with the proper tools and mentoring.

Msn

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