Archive for May, 2011

How to Market a Successful Business

May 29th, 2011

How to Market a Successful BusinessI have been in network marketing for about 6 years. Up until recently, that was with very limited success. I have spent a lot of time recently, not only looking at the way successful individuals are marketing their businesses, but also reflecting on my past experiences. I am going to talk about what I have learned, and hopefully what I share will help you.

My introduction to network marketing.

I was a 21 year old who planned on being retired by 30. How I wasn’t really sure. I was in college, along with working 3 or 4 jobs. I knew that those jobs were not going to give me the lifestyle I wanted. Imagine how excited I was when a friend introduced me to my first MLM company. I will not use names, but I will say that it is one of the oldest, if not the oldest MLM company out there. While the people that I met were awesome, the business model that they taught did not seem to work for me. Build a list, contact those people. When that list runs out, start contacting new people. This meant trying to talk to people in stores, at the gas pump, anywhere I could find them. Have you ever tried that It’s not fun! Some people are naturals when it comes to this, and they have a lot of success. I was not one of those people! I registered 1 friend, who registered 2 or 3 people. My biggest month I made about $150. This was with everyone in my group buying A LOT of products. Needless to say, that didn’t happen every month. In fact, in a matter of a few months, nobody was really buying anything. Also, nobody new was getting into my business. I had no list, and was having no luck making new contacts. I became discouraged, and eventually faded away from the business. Some good did come of this. I walked away with some valuable knowledge. » Read more: How to Market a Successful Business

Critical Elements of a Successful Business

May 28th, 2011

Critical Elements of a Successful Business10 CRITICAL ELEMENTS OF A SUCCESSFUL BUSINESS

The rules that a successful business operate by today are very different from the rules of 20 to 30 years ago. The widespread use of technology has dramatically cut response times and elevated customer expectations of service. Competitive advantage is the catch cry, but most business owners struggle to articulate what their point of difference is. The statistics are well known a staggering 40% of all new businesses fail within the first 12 months. Within 5 years, more than 80% will have failed. And yet, people are flocking to start up new businesses in ever increasing numbers.

What is it then, that sets apart the successful businesses from the unsuccessful ones Here are my top ten tips for creating and maintaining a successful business. As you read, think to yourself – how does my business stack up » Read more: Critical Elements of a Successful Business