Thursday 8 December 2011

What does it really take to run a home based MLM business?

To start with it's pretty obvious that you need a computer, internet connection and a space (preferably away from the hussle and bussle of the house).

But other than that what does it really take to run a successful home based MLM business?

Speaking from my own experience and what I have seen and learned from others, I would say that the following is a pretty concise list of what is needed:

  • Knowledge - The knowledge I'm talking about here is bsuiness knowledge.  There are two key skills here which are marketing (getting the word out about your MLM business) and sales (selling the product).  Now I know that most people hate spending money when starting a business, but training is absolutely paramount if you want success in an MLM business.  Your MLM company will not provide sufficient training.  You need to get up to speed with the latest marketing techniques so that you can take your product and opportunity to more people in more countries.
  • Focus - Follow One Course Until Successful full stop!
  • Discipline - You must discipline yourself to do what you need to do when you need to do it.  If you need to cut down on your social life do it.
  • Consistency - You don't have to do enormous amounts of work, once everything is set up you'll need to do little bits everyday.  Just like compund interest, a little bit consistentl will pay huge dividends.
  • Patience - You might not see results right away, just be patient and keep doing what you need to do.
  • Drive - It can get tough building your home based MLM business, so it's important to have a big reason for what you are doing.
What do you think it takes to run a home based MLM business?

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