Tag: Achieve

How To Achieve Multiple Streams Of Income In Your Home Business

It is best to start a business that has multiple streams of income but you need to be successful with one income stream first before you can start to develop more. Fortunately there are a lot of different home business ideas online to help you make this happen.

Starting your own multi level marketing business is just one way of doing this. In this article let’s talk about using the network marketing business model to develop as many streams of income as you desire.

1. Build systems for lead generation. This is the real beauty of the Internet and how it can be used to build an MLM business.

The old days of prospecting in person are long over. There is nothing to say that you cannot still do it – by all means if you enjoy it, then do so! However you may find that you have more success by generating leads online.

When we talk about building systems for lead generation we are talking about a couple of primary components. One essential thing that you need is a squeeze page, also known as a lead capture page.

When you market this directly you encourage people to sign up for something by giving you their name and email address. All of the letters are stored inside an autoresponder so that your prospects will be followed up with automatically.

The whole process can be automated and set up in advance so all you do is promote the landing page and let the autoresponder follow up for you. The more names you get into your autoresponder the more potential new distributors you will enroll.

2. Find unique products. All sorts of products, both digital and physical are being marketed through network marketing programs.

Internet based products are very good because you can build a worldwide business without worrying about shipping them. This also makes it easier to enroll people all around the world when the products can be accessed online.

This means that when you advertise your opportunity you can enroll people no matter where they live. However, this is easier to do it if you are dealing with products that are somewhat unique and can be enjoyed by the masses.

3. Join more than one business opportunity. This is the key to ensuring that you earn more money online.

It used to be you only had time to build one network marketing business. You were actually frowned upon if you were in more than one opportunity at a time.

A large number of successful online marketers promote one or more network marketing opportunities. They are aware that the best way to generate multiple streams of income in MLM programs is to promote more than one opportunity at a time using as many different methods as possible.

These are just 3 ways that you can generate multiple streams of income – if you look further you will find even more.

How To Create a Yearly Business Plan And Achieve Your Goals

As entrepreneurs, most of us have prepared a well-thought out business plan. It is essential if you are looking for any sort of financial assistance when starting up and will keep you focused while building your business. Having a plan to follow will also increase your chances of success. However, a few years into your business, is your original business plan still relevant? Probably not.

A yearly plan for an established business is an essential organizational tool if:

* you’re looking to grow your business

* there is a lot of activity going on in your business every day and you tend to bumble-bee, jumping from “flower to flower” not knowing where to focus your time

* you don’t have a clear plan and consider different options every day

While there are many templates and varieties of business plans available on the web, your yearly plan does not need to go into as much depth as your original. Here are the 5 main areas you will need to cover when planning for the year ahead:

1. Where are you now? List the services that you are providing, the products that you are selling, the number of hours you work in your business, and the number of hours you work on your business.

2. What are your goals? List the goals you wish to attain. We all have a financial goal so write your specific money goal for the year and the top 2 or 3 priorities that will get you there.

3. How are you going to get there? Work backwards from your financial goal and identify the steps necessary to achieve it. For example, if your goal is to make $75,000 for the year, how many clients do you need, how many products do you need to sell, how many workshops do you need to conduct and what do you need to charge for these things? Break these goals down monthly and then weekly and tweak until you have reached a realistic and attainable financial goal and plan that sync.

4. When are you going to do what’s needed to achieve your goals? Take your monthly and weekly goals to create your action plan. This will determine the number of clients you will work with and when, what products and programs you will create, how many you need to sell and when etc. The action plan can be transferred over to your weekly schedule.

5. Who do I need help from to achieve my goals? List what tasks you can no longer continue to handle. Consider outsourcing things like your accounting to a bookkeeper and your technical and administrative tasks to a Virtual Assistant to free up your time for the profit generating tasks.

Going through this process helps you to identify your intentions and forces you to paint a realistic big picture plan for the year. Each small step taking you towards your bigger goal. This strategy may be the one business activity that helps your business to grow more than any other.

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