Essentials for Success
In network marketing laying a proper foundation will help cut out some of the issues that may arise when running a home based business.
The first thing you must do is choose your company, product, and/or system, and learn them inside and out.
Make your business plan, and revise it as needed.
"If you fail to plan, you plan to fail."
Set a budget for marketing, education, and incidentals. Try your best to stay within your budget. There's nothing like trying to start a business one day and having no capital to run it the next.
The latest tools, and resources help your systems run effectively, so if you doing online marketing look for value when purchasing those items that are needed. Some may cost a bit, and others you can get for free. Ask colleagues for advice in your network on good products to use.
When laying your foundation, foresee possible problems ahead of time, and have a survival plan on file.
It's important to know who to call for support when issues arise. Keep a resource list of support personnel at your fingertips. You never know when you may need it.
Developing a way to create a customer list for yourself is essential. If your product is online, be sure to include an opt in box. If your product base if offline, be sure to capture business cards and email addresses, along with the customer's home address and phone number. This may seem like a no brainer, but when you're trying to get all of your systems in place, things can be overlooked.
Review, Revise and Refresh on a regular basis. Those systems that you start out with may become archaic quickly in the online world. Sometimes, it is true what they say,
"If it isn't broke, don't fix it."
But there's also times when this isn't true.
When I was in real estate one thing we were told to remember, when looking for those great properties, buy in the path of growth. Those new hot areas (or innovations in technology) may create some major cash if you're looking properly to the future. Just do your research diligently. You don't want to oversend when starting out. Start with your basic needs and move forward from there.
Last of all, have faith in yourself and your product, while you enjoy the process.
It may not be a walk in the park at first, but it will be energizing.
Laying a foundation in network marketing, when done right, will bring a lot of joy to your life and business.
