Setting out for business is the foundation for success.
It is highly imperative that you have thorough knowledge of the venture before you make a move.
This write up was sent to me by a friend on request and I see it a benefit for you. To prevent you from problems in the business. Go through this before you sign up for any MLM Business.
Happy reading.
PROS & CONS OF MLM
Copyright © 2009 Judy Thompson
In today’s world of high-speed Internet, fast-foods, and super efficiency, the home-based business market is growing by leaps and bounds. While there are many types of businesses that people can do, working from the comfort and convenience of home, this article will focus on the pros and cons of multi-level marketing (MLM), also known as network marketing.
MLM can offer a person a wonderful lifestyle. Why is it, though, that an incredibly number of people fail to find success, even after years of working hard at their businesses? I have personally seen people who are far more intelligent than me, and who have been a lot more successful in their careers than me, fail miserably at network marketing!
Perhaps, the following lists of many of the advantages and disadvantages of network marketing will help you determine whether or not you should even consider pursuing this type of home-based business.
MLM PROS – Possible Reasons that MLM Could Be a Great Business For You!
1. Usually start-up costs are low.
2. Many of the highest-quality products are manufactured by MLM companies.
3. You can work it part time if you choose, which allows you to work a job full time and work your MLM business in your spare time.
4. You can work from your home.
5. Your business expenses will be deductible from your income tax.
6. You will be your own boss. 7. You choose which hours you want to work.
8. You may develop a small extra income or possibly even a very large income, allowing you to quit your job, or have a great retirement.
9. Your income will be a “residual” income, which will come to you month-after-month, year-after-year.
10. You will have time freedom.
11. You will meet many like-minded people.
MLM CONS – Possible Reasons that MLM Should NOT Be the Business For You!
1. At first you could work very, very hard without making any money!
2. The ease of start-up can cause people to get into several companies, with the mistaken belief that they can easily develop several income streams. This causes a lack of focus and makes the person far more likely to fail.
3. The products could be overpriced and it may be difficult to determine whether they are any better than you could purchase at a discount store.
4. People may look at what is possible to make with MLM instead of what is likely to happen. There are a lot of very inaccurate “get-rich quick” claims out there. When success doesn’t come quickly, a person may be more likely to quit and join something else.
5. It can be very hard to distinguish a legitimate company or opportunity from a scam.
6. Many people do not seem to realize that it takes time and money to build a solid business.
7. Ideally, MLM is based on everyone doing a little bit. In reality, most people don’t do their part, making it necessary for the few workers to work much harder to find any amount of success!
8. The failure rate is extremely high.
9. As in any business, to succeed with MLM takes a lot of dedication.
10. Unlike a job where you may punch a clock or have a certain number of hours to work each day, no one is requiring you to do anything with your MLM business. YOU must be the one to decide to work it, or invest your money into advertising. It takes true self-discipline!
11. Your family and friends may not at all understand what you are trying to accomplish. Hopefully, you will get very helpful support from others, but realize that they may not support you at all, no matter how dedicated you are!
I suppose that both the PROS and the CONS list could go on and on, but perhaps, you see the picture. If you are a person who can visualize some awesome long-term goals for success, and have the dedication and self-discipline to do whatever it takes, network marketing or MLM could provide you some of the greatest benefits you can imagine. It may very well be worth extremely-hard work and sacrifices in order to realize your dreams.
On the other hand, you may not be cut out for this kind of business. Jumping in and out of one business opportunity to the next will not be what you need. If you do not have the dedication and self-discipline to persevere through the disappointments that you will probably encounter, then I think you should steer clear of MLM.
I hope you really enjoy it.
To your success,
Lanre
Wednesday, June 24, 2009
Thursday, June 18, 2009
Building a Small Business in Recessed Time
You may be looking for a means to prevail over the big bull of economic meltdown and desiring to fire your boss. You have shown all seriousness in applying your effort but all to no avail. You may have a dream. Don’t allow it to die.
Here I present to you a sure way up to accomplish your life goal.
Are you seeking for employment, another source of income?
Why not employ yourself in a small way and watch your finance grow to multimillion?
There are thousand-and-one ways you can use to achieve that.
One of the best so far is to adopt the home based business solution to meet your personal needs and that of others while they pay you for life. Starting a home base business is very essential and it is easily set up on low cost budget. While maintaining your regular paid job, you can as well begin to raise your business to prevent financial crunch. You can aswell set goals of what you want to achieve in the business financially.
The decision to start is good and of great importance. It is a risk that must be calculatedly engaged. During the period of start up, it is very important that the health of your finance is strong to adopt and allow the health and growth of your home based business.
In a tight financial situation, what you need is to get out of your cage. You can start in small way using little or no capital. Borrowed money from friends or relative can do but not advisable to go on loan except soft loan with or little interest of less than 1%. You can operate very well on a part-time bases until your finance grow and then settle for full-time.
Doing your business in a consistence manner, with commitment to service of your clients and the upkeep of the business, maintaining credibility and honestly of purpose. The business will stand and grow to support and sustain itself.
When the financial status of the business is achieved according to your plan. You can them leave the paid job to focus on the business with more dedication and time.
The operation of home business and the maintenance make it very easy to be realistic and practicable.
The start up is of low risk. Therefore, starting with fear of failure should not be entertained. Otherwise, that can lead to psychological abnormalities, which can lead to business failure and bankruptcy.
What Are The Ingredients Of A Successful Home Based Business?
Your business must have the strength of continuity.
In odd times, there should be persistence. It must meet the need of people to which it is directed.
Make your business of high quality. In service or products. Buy low and sell high.
Make advertisement. Classified, word of mouth, handbills and fiers, etc. For services like office operations like typing, data entry, proofreading and sales letter writing, sales rep. etc.
Put you talents to task. Create a product and sell at good profits by taking to places where people are readily available for the purchase. Make your idea count. Write out in a book form as information product. Sales of infromation products is one of the greatest ventures both on line and offline.
Visit http://dailyextraincome.blogspot.com for details
CAUTION
To good home based business, good judgment is needed not to fall in the hands of duper that promise what is unachievable. Remember to shine your eyes and listen to your intuitive. It might be too good to be true yet embedded with some element of opportunity.
For more information an home based business, my contact is sobandey2k@yahoo.com
Click on the links below. All for FREE
Sign up free for FASTECASH and get ALL the BENEFITS
Read about your Diet and Live Healthily
Get a Brand NEW LAPTOP for N15,000 only.
Thanks
Lanre Sobande
08023979864
http://www.fastecash.com/signup.php?cid=sobande
http://informationmarketingsecret.blogspot.com
http://dietfornutrition.blogspot.com
http://15000nairalaptop.blogspot.com
Here I present to you a sure way up to accomplish your life goal.
Are you seeking for employment, another source of income?
Why not employ yourself in a small way and watch your finance grow to multimillion?
There are thousand-and-one ways you can use to achieve that.
One of the best so far is to adopt the home based business solution to meet your personal needs and that of others while they pay you for life. Starting a home base business is very essential and it is easily set up on low cost budget. While maintaining your regular paid job, you can as well begin to raise your business to prevent financial crunch. You can aswell set goals of what you want to achieve in the business financially.
The decision to start is good and of great importance. It is a risk that must be calculatedly engaged. During the period of start up, it is very important that the health of your finance is strong to adopt and allow the health and growth of your home based business.
In a tight financial situation, what you need is to get out of your cage. You can start in small way using little or no capital. Borrowed money from friends or relative can do but not advisable to go on loan except soft loan with or little interest of less than 1%. You can operate very well on a part-time bases until your finance grow and then settle for full-time.
Doing your business in a consistence manner, with commitment to service of your clients and the upkeep of the business, maintaining credibility and honestly of purpose. The business will stand and grow to support and sustain itself.
When the financial status of the business is achieved according to your plan. You can them leave the paid job to focus on the business with more dedication and time.
The operation of home business and the maintenance make it very easy to be realistic and practicable.
The start up is of low risk. Therefore, starting with fear of failure should not be entertained. Otherwise, that can lead to psychological abnormalities, which can lead to business failure and bankruptcy.
What Are The Ingredients Of A Successful Home Based Business?
Your business must have the strength of continuity.
In odd times, there should be persistence. It must meet the need of people to which it is directed.
Make your business of high quality. In service or products. Buy low and sell high.
Make advertisement. Classified, word of mouth, handbills and fiers, etc. For services like office operations like typing, data entry, proofreading and sales letter writing, sales rep. etc.
Put you talents to task. Create a product and sell at good profits by taking to places where people are readily available for the purchase. Make your idea count. Write out in a book form as information product. Sales of infromation products is one of the greatest ventures both on line and offline.
Visit http://dailyextraincome.blogspot.com for details
CAUTION
To good home based business, good judgment is needed not to fall in the hands of duper that promise what is unachievable. Remember to shine your eyes and listen to your intuitive. It might be too good to be true yet embedded with some element of opportunity.
For more information an home based business, my contact is sobandey2k@yahoo.com
Click on the links below. All for FREE
Sign up free for FASTECASH and get ALL the BENEFITS
Read about your Diet and Live Healthily
Get a Brand NEW LAPTOP for N15,000 only.
Thanks
Lanre Sobande
08023979864
http://www.fastecash.com/signup.php?cid=sobande
http://informationmarketingsecret.blogspot.com
http://dietfornutrition.blogspot.com
http://15000nairalaptop.blogspot.com
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