Many are struggling to make money with a home based business. This is nothing new. Studies show only ten percent of people are making money with their biz. Why is it so difficult to make money with a home based business? Well I will go into detail on what it takes to make money with a home based business.
First off I want to clear up some myths you may or may not be aware of. So let's separate fact from fiction. First it does take work to build a home business. There is no such thing as a free ride or an automated system. You will have to apply yourself daily in order to build a successful business. Anyone who tells you otherwise is lying to you, to put it bluntly.
Next MLM's are the toughest businesses to build. I am very good at what I do and it takes a lot of effort to build a MLM company. The pay structures are setup so the company profits and so only a few reps will make the big bucks. Sorry this is just the truth. It really doesn't matter what lotion or potion you are selling, the person making the major bucks is the CEO of your MLM company. Now I am not saying it's impossible but the cards are heavily stacked against you.
Ok so with that in mind what makes a person successful when building a home business? The answer is pretty simple and straightforward. First they have a ton of prospects going to look at their biz. This is a numbers game, you must understand this.
If you are only talking to a couple people a week you will get left in the dust. You must be able to talk to hundreds of prospects a week. This is the only efficient way to build a successful downline. It is alot easier said than done. Many people are not willing to put in the daily effort it requires to get hundreds of people looking at their biz.
And it is not something that happens overnight, it takes time and money. You see all of the top earners in your company are not anything special, regardless of what they would want you to believe. They know this is a numbers game and they make sure they have the numbers coming in every week.
Many of them spend thousands upon thousands each month on advertising. I know one heavy hitter who spends about $100,000 a month on advertising alone. Needless to say he is making a ton of money. This is what many of the top guru's are doing, spending huge amounts of money on advertising.
This why they are heavy hitters and this is why many people will never make the money they dream about. Many people do not have an extra $100,000 a month to spend, most people don't even have an extra $10,000 a month to spend on advertising. If you do have deep pockets your money should go into heavy advertising and promotion if you are looking to explode your home business.
Now for those of you without deep pockets, you are going to have to come out of your comfort zone a little bit. The next best thing to heavy advertising is getting on the phone and making sales calls. Yes you will have to make sales calls and not one or two sales calls a day. To really get your business off right you should be making 100 to 300 sales calls a day. Monday through Friday and the weekends if you want.
This is what all of the top earners are doing to make their huge incomes. That's it. It sounds simple but it is a daily grind, day in and day out.
Most people are not willing to do either of the two which is why they will never make the big bucks and build a huge organization. This is what it takes to make money with a home based business.
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