These useful tips will make your transition from your corporate job to networking, a complete success. It shows you exactly, how to prioritize your business building activities and the differences between full-time networkers who make real money, and the part-time networkers who spend long days for years, barely making a profit. Which one do YOU want to be?
First of all, I'll tell you the quick answer...
Do not quit your job and go full time into your home business, until you've exceeded your job´s income for at least three consecutive months. That's the quick reply and the main rule to this particular question.
As we get into a deeper response, let us suppose that you stick to that rule. One´s subsequent issue to take into account, will be the amount of free time that you have available to dedicate to your home business.
Actually, time is almost never the problem. You'll find it is merely a matter of working better and more efficiently, rather than longer.
The very first thing that you need to do, is prioritize your activities making sure that you are exclusively investing time on those which specifically influence bottom line production. And there are plenty of activities that go into setting up work for home businesses: Writing advertisements, Placing ads, Generating capture pages, Calling leads, Meeting with qualified prospects, Contact management, Scheduling follow ups, 3-way phone calls with downline, Sending information, Making follow up phone calls, Processing new orders and applications, New distributor training and orientation. At this point, I would like to you to realize something:
Examine all of the activities previously mentioned and consider the following question: "What makes me money?"
Think.
The answer?
In the end, it really is just one thing: Processing completed customer orders and distributor applications. That is certainly the only activity that makes you money, consequently it's the one activity that should dominate your business building time.
If you only had two hours per day to develop a business, how much money would you be making if you spent all two hours processing new applications and taking orders? Almost certainly more than enough to go full time right!?
This is when you say, "But that's impossible...". In fact, far from it. That is all I actually do and here's the course of action required to make it occur...
So that you can process orders continuously and at a reasonably high rate on a daily basis, 3 things must take place:
1: You need to develop a pipeline of leads whom you regularly get in touch with over time, not personally, but by means of marketing which allows you to leverage your efforts.
2: You must create a connection with those prospective customers, not personally, but through technology such as an auto-responder and video.
3: You need to effectively market your products and services to those potential customers, after which sales are made and income is provided.
Now here's the deal... All three of these activities can, and must be achieved on autopilot if you would like your production to abound. And that's the mystery in between full-time networkers who make the big bucks, and those who bust their own rears all day long for years, hardly turning a profit.
Part-timers regularly buy prospects or place advertisements to generate new prospects, but hardly ever put them into a long-term "pipeline." Part-timers attempt to construct relationships with their prospects simply by talking to them on the phone numerous times. I frequently see networkers contact a lead 3 to 5 times, wasting One to 5 hours time striving to obtain one prospect into the business. Part-timers spend major bucks and most of their limited time buying, and then mailing overpriced prospecting tools to their prospects. The lesson to be learned here is that they are building their business without leverage. They are spending an excessive amount of their time doing activities that DO NOT directly produce income.
The prosperous networker puts together a lead generation marketing campaign on Google Adwords that automatically produces ten to twenty new leads per day for him. The rich networker leverages tools and technology such as personally composed autoresponders to produce a relationship with his thousands of prospects automatically. He is aware that a relationship and trust can be constructed without individual phone calls. The rich networker has an assistant or fulfillment center to distribute business building tools to his prospects automatically, so he's isn't stuck addressing envelopes every single evening at his kitchen table.
The wealthy networker only does three things that need his personal time:
1. He contacts the prospects who have called or emailed him after reviewing his marketing and advertising materials.
2. He processes their application or product order.
3. He talks to and builds relationships with other prosperous networkers and proven producers, not beginners.
So I hope that you realize, that going full-time in a home business is not about how much time you have available, but about the way in which you are investing that time.
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