I felt compelled to type this article today in regards to how you successfully grow a home based business, which will create a residual stream of income resulting in FREEDOM, while still working your current job. I am going to focus mainly on the Network Marketing industry in this post.
First of all, this industry is incredible, however, it can be the most frustrating venture you ever attempt if you get started with the wrong mindset. Let me explain what I mean!
Network Marketing has never been a "get rich quick" program, nor should anyone go into the industry with the expectation of creating a massive amount of income overnight. This is literally a 2-5 year financial independence business plan. There are 2 main principles in networking that create the incredible power in building wealth for the average person.
The first is Leverage, and the second is Compounding. Both of these awesome benefits of building a networking business take time to establish. Think about this statement, "A large group of people doing a few simple steps daily over a long period of time." That my friends is network marketing.
So, what is the best way to build a home business in the MLM arena? Make sure you have an existing income, aka job! Next find a company that has a product line you would gladly purchase each month whether you make money with the company or not! Thirdly, start investing some of your time learning your products, while you begin using them, to develop your product story and basic knowledge of what you will be offering others as you share your business. Finally, start investing in personal growth materials and begin your journey to becoming the person necessary to lead a large group of people. "Your business will grow as fast as you do!"
Remember, this is a business, and it will require an investment of time and money to get started. This is exactly the reason why you must have an existing stream of income to support your new business. However, the pay-off is incredible. As you start to grow and experience your companies products, then begin sharing them with others, your team will begin to develop. Every time someone decides to get involved you have just created leverage, you are now getting paid on the efforts of multiple people and not just your own effort! With consistent activity, personal growth, and perseverance your business will start to experience compounding. Once that happens, the rest is history!
The only reason people fail in MLM is because they get started incorrectly. Networking will honor those who stay committed and are loyal to one company and give their business the time necessary to develop. However, if you do not stick it out, become part of a company you truly believe in, and find yourself jumping from one company to another, you may find out quickly, that you never experience the success you always hear about.
I love what Jim Rohn says, "I work full-time on my job and part-time on my fortune."
May God bless you abundantly in all that you do!
In Christ,
Ron
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