Sunday, April 20, 2008

Shocking News About Success Rate In Home Based Business

An Interesting Fact is that 95% of Home Business Owners never make a 6-Figure Income! Millions of people are jumping onto Multi-Level or Network Markarting but very few are actually becoming successful from it. Why does everyone think this is an industry of easy-riches when the reality is that most are failing dismally within their first 5 years?

The reason why most people have problems with their network markarting business is because they dont truly understand how the industry works. Often, this is because they were sold a pack of lies from some company that reeled them in on false hopes and promises. Some simply join because they were sold on the idea that they could quit their job and work from home if they just buy a distributorship and call some leads.

Its a classic scam; youre told a lot of promises in the beginning about what a great opportunity it is, how you dont need any experience to begin with and you will be have a residual income working hard for the first few years. However, once you are inside, you will face many challenges and realise that there is no truth in it. Mind you this business is fun and simple if you let it be, but it will take the tenacity, dedication, and professionalism to earn six figures incomes.

Did you know that 95% of people who get into network markarting have no prior sales experience?

The majority of the people who join this industry do so without the intention of becoming a professional network marketer, yet that is exactly what is asked of you if you wish to make a full-time/six-figure income.

This leads to serious difficulties as networking markarting does involve selling and markarting, regardless of what some m1m distributors may have said to you to get you to sign up.

This is one of the biggest mistakes that people make in network markarting. They think the product will sell itself while they just share the company and products information. Yes, m1m is indeed a simple business but it does take the tenacity and professionalism to make it a 6 figure income. Your Business Has Nothing To Do With Your Company. Your Job/Business is MARKARTING

Yes, you heard me right. Your Business is Markartin

He, who markets and promotes best, wins.

Success has got nothing to do with the best company, best product and the best compensation plan.

Another common mistake is to think you will be able to sell to your friends and family. Many networking marketing or m1m programs encourage you to share these great opportunities with your friends and family first when in reality, your friends and family may not even want or like the product. If you do make sales, it may be from people that feel obligated or are just giving it a try to get you off their backs. Dont depend on your family and friends to make you rich from an M1M program. Even if they are kind enough to buy from you, chances are you wont become a millionaire in this way.

You see, this is an industry of markarting and promotion pursued by people who have no idea how to market or promote.

The fact is true M1M success comes from training, experience, expertise and even practice. Can you make a good living from it? Sure, you can. Can you be highly rich and successful? In time, yes you can. But dont expect it to be an overnight miracle success. And dont think that you can achieve this without some work involved. If network markarting is so simple that anyone could do it and products sold themselves, wouldnt we all be millionaires?

As I mentioned earlier on, your business is markarting. This is why you must align yourself with a group of marketers that is really going to show you the common denominators of their success and leverage on their experiences. This will eliminate 90% of your learning curve that typically causes most people to fail and give up on their initial dreams.

I just want you to understand that if youre not creating a constant flow of leads day in and day out or if youre not putting your business in front of 5 to 10 people a day, your dream will remain just a dream.

What about all the success stories you hear in your company? One way or another, they found a way to be in front of lots of prospects EVERY day passively. How? They either leveraged other people on their teams or from their systems.

Simply put, traditional marketing is an ineffective shotgun marketing strategy because a scatter shot wont get you very far and it has become more expensive. The public is bombarded with commercial ads and making matters worse for businesses is that todays technology have literally enabled people to put up a firewall around their lives.

Note that, I am not against the traditional form of network marketing. They have their place and importance. In fact, word of mouth has the best conversion rate. Nevertheless, you are pretty blind as to whom you are addressing with traditional marketing. You have no idea of their interests, their tendencies, and more importantly, if they are at all likely to be interested in what you have to offer. You simply cant sell steaks to a vegetarian!

You probably already know this basic stuff. Get to know your prospects by building a relationship with them. However, this is one skill newbie find it hard to grasp all at once which make them reluctant to go out to talk with people.

But, there is a solution which is still not known to most business owners.

What Does Online Markarting Mean To You?

Bottom line: With todays advancements in technology, if you own a home business and you are NOT markarting online, you wont be a business owner for much longer.

Online markarting changes that and gives your marketing sniper like accuracy. With online marketing, you arent interested in marketing to everybody. You are only interested in those who have an interest in what you have to offer and you will only market (spend money) on those who have an interest in what you have got.

How do you do that?

The quickest way is to use Google to tell you who are interested in what you have got because over 90% of internet users are using Google for searching. This number is growing at a phenomenal rate each year. You bet Google can also tell you what a particular group of people is interested in. This is the key!

In short, building a business online is so much more effective. You can be in front of thousands of people in a short period of time. That means your customer list keeps growing, every minute without you. Yes, to begin it will take great effort and time in creating your capture page, sales letters, follow-up emails but you only do this once.

Now thats leverage.

Are you envious of all those people who make a living using the internet? Please dont. You can have what they have achieved if you are willing to give it a go. Building online business is not rocket science although it has a bit of art and science to it.

You have to look at markarting as a funnel. You start with a wide top that captures people who are interested in the product you have to offer and you qualify those people more and more at each level down of the funnel.

As you proceed with your marketing, your prospects proceed further and further down that funnel, qualifying themselves more and more.

Ultimately, you end up with only the hardcore who are attracted to join your business and those whom cannot wait to purchase your product.

And all of this can be done automatically and cheaply once you setup your attraction marketing system.

If you do this correctly, your marketing costs are self-funded which induces your potential customers to pay for your marketing, regardless of whether they buy your product or not.

Does this self-funding leads process appeal to you? These methods are revealed in detail by my colleague, Mike Dillard. Check it out at:

Building Your Home Business On A Budget

About the Author

She has been a leader in Network Marketing and best known for her down-to-earth training. Get her FREE 10-Day Boot Camp on Attraction Marketing Home Business

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