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The Four Critical Criteria For Evaluating If A Network Marketing Company Is A Legitimate Opportunity

Filed Under (business training) by admin on 15-05-2008

In my many years of being in the home business industry ,specificly Network Marketing I have learned from mentors,what to look for before I join a company. Here my four,which is not in any partucular order.

1. What is the product?

Do they offer products and/or services that have real value? Is it something there is a real market for? Do you want it yourself or will you end up with a pile of product in your garage? If a health product, is there clinical research to back it up? Are they patented?

2. What is the compensation plan?

Does it show the possibility for the income potential you want and how much work will it take me to get there? What is the ‘break even’ point where you move into profit? What percentage of company revenue is given back to the distributor in the form of commissions?

3. Who are the people at the top?

Do they have experience in the industry? Do they have integrity? Do they have the resources for sustained growth?

4. How does the “timing factor” affect the picture in relation to your goals?

Most network marketing companies, even legitimate structures with good products, fold within six to seven months time for a number of reasons. If a company is moving past that time period with solid growth, a demonstrated commitment to upgrading its systems and services, a solid record of ‘on time’ payments of commissions to distributors, and has meet the above criteria, it becomes worth giving serious consideration as a ‘ground floor’ opportunity.

The first one to three years of a company involve accepting that a growth process is going on. Professional web sites and training materials take time and resources to produce. There will be times when support services may be slowed until extra staff can be brought on and trained to keep up with the growth, etc. This can be frustrating if you can’t simply accept it as part of the ‘what is.’ For those who are OK with that developmental process, there can be a big payoff though. You get to capitalize on ‘first movers’ advantage’ and benefit from a wave of rapid company expansion. This is a time when you can put two to three years of steady energy into it and achieve your dream.

Imagine being in on the start of Microsoft! When a company moves into its fourth or fifth year it moves into maturity. At this point, there is less to put up with in terms of the ups and downs of the developmental process and the company has stabilized a structure. The thing to look for here is a demonstrated commitment to continued product and pay plan expansion to maintain momentum. The company needs to periodically re-invent itself. Even with this, though, it will probably take four years, or more, to generate the same results that you can get in two to three with a ground floor opportunity.

When you do find company make sure it something that you have to be passionate about and also remember that Network Marketing is not a get rich quick scheme . You have to put forth some effort for you to succeed!

God Bless,

Felix

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Discover Entrepreneurial Activities for a Successful Business

Filed Under (business training) by admin on 11-05-2008

Ever wonder what goes inside a busy day of an entrepreneur living up to his entrepreneurial functions and activities? Basically, a lot. The very first thing that would enter his mind when he wakes up in the morning is how to show efficiency and effectiveness to the client the benefit of his presentation. Then he would walk into his office and meet with them.

He would emphasize the importance of patronizing his ideas. When they shook hands with it, an entrepreneur knows that’s the start of a brand new day.

But meeting up with the expectations is not all that there is. An entrepreneur’s responsibility doesn’t stop there. He’s mind should always think beyond the unthinkable and recheck his assets to support it. The cost is great but the risks are greater. An entrepreneur not only sacrifices his reputation at stake but also his trust fund.

In summary, there are only 3 important daily routines an entrepreneur incorporates with his life: Organize, coordinate and mobilize. He must have the ability to balance all three because when one is lost, the others might be compromised.

Organizing includes creativity, innovativeness and strategy of pulling it altogether. The spirit of a true warrior has to be present. He is knowledgeable that a positive attitude and the will to walk the extra mile with no hesitation would gain much profit. He always does his research, gather data, and think of ways on how to expand his own establishment.

Coordinating means communicating. Explaining the pros and cons. Talking to people who can supply resources like raw materials, facilities, and machineries needed for the business to get on its track. A blurry conversation between the entrepreneur and the supplier would affect the rate and quality of production.

Mobilizing the people who works wholeheartedly for him must also be prioritized. An iron hand always gets a business into trouble. He adds benefits. He knows that what he needs is similar to what his laborers need. This is crucial to establish one big happy working environment.

These activities must be balanced. One thing lacks or exceeds, the whole process messes up. His functions are elaborated more.

The function to think

• Think of numerous possibilities beyond human expectation

• Think of who needs what

• Think of how to handle a question or a problem by providing different possible answers

• Making decisions without the fear of being crucified the moment he mess things up

• Think of how much everything would cost

• Think of how much he would profit

• Think of what others might not think

• Elaborates and explains to further understanding

The function to act

• Act according to his plans

• Act that exceeds to what is expected

• Act with passion and charisma

• Act giving pride to the phrase “1% inspiration, 99% perspiration”

• Act bearing the dignity, respect and trust

• Act like the world owes you big time

• Act like no one has acted before

If all of these functions seem easy for you to conjure, then your good to go. But if situations and predicaments are holding you back, you are bound to fail. Remember, balance in everything is how you and others benefit. Function as you are expected to function and find glory in it.

God Bless

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What is an Entrepreneur?

Filed Under (Be Your Own Boss) by admin on 09-05-2008

People enjoy a lot of comforts as they go through life each day. Have you ever wondered who are responsible for all these life’s comforts? You have to thank the entrepreneurs for it. But, what is an entrepreneur?

Entrepreneur has many meanings. If you want to know exactly what it means, just keep on reading.

A person who assumes business responsibility and the risks that comes along with it is called an entrepreneur. As an entrepreneur, one expects to make profits, whether big or small, depending on the business he or she is involved in. generally, the entrepreneur decides which product or service to offer, obtain the needed facilities, hires the required labor force, acquire production materials, and provides for the capital.

There is no assurance that the business will become a success. However, if the business proves to be a success, the entrepreneur will reap all the benefits and rewards in terms of the profits. In case of a loss, the entrepreneur will also be the one to suffer.

Assuming business responsibilities is definitely not an easy task. Not many individuals are willing to take huge responsibilities, and most especially take all the risks. Only an experienced and knowledgeable individual will dare to become an entrepreneur. The ultimate goal of an entrepreneur is to earn profits.

By putting up a small business, you will also earn limited returns but by establishing a big business, you will also earn more profits. The choice will depend on the entrepreneur and his or her available resources.

As the most important person in a business venture, an entrepreneur will be the one to decide which product or service to offer. He or she must be able to determine the needs of the people and provide the answer to such needs. A careful study of the targeted market is required. This takes time because one can’t decide immediately what product or service to offer.

Once the products or services are identified, it is now time for the entrepreneur to obtain all the needed facilities. This will include the building or the place of business.

Along with it are the other things needed such as the office furniture, fixtures, and many other things. The capital is usually provided by the entrepreneur and a part of it will be allotted for the acquisition of the facilities. Later on, these things will be considered as one of the assets of the business.

Recruitment of the labor force is also an important part of being an entrepreneur. The business will not succeed if it doesn’t have a loyal labor force. Everyone should work together in order to achieve success. It is therefore of utmost importance to hire only the qualified employees.

As you can see, the entrepreneur has to take care of many things. This may be one reason why not many individuals are willing to become one. If the business succeeds or fails, it is all because of the entrepreneur.

Now that you know what an entrepreneur is, would you like to become one? Well, if you have the right attitude, skills, and qualifications, you too can become an entrepreneur. It would be best to embark on a humble beginning. Don’t attempt to reach the peak of success all at once. It takes hard work, dedication, and perspiration. You must take one step at a time.

God Bless,

Felix

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50 Greatest Entrepreneurs Of All Time

Filed Under (resources) by admin on 08-05-2008

Today I went into a Barnes and Noble looking at the newest books that I came out. Went into the maganzine section cam across Success Magizine. On its cover it had “50 Greatest Entrepreneurs of All Time”. If you are ever in a book store be sure to buy it! Here are some of the people that they mentioned.

Andrew Carnegie- Who foresaw the future demand for steel and iron at the time when railroads and bridges were made of wood.

Bill Gates- who had the vision to see that software could be as valuable as hardware.

Ray kroc- created what I can a “Turn Key” system. Where every hamburger,french fry,etc. If purchased in any of his restaurants would be indistinguishable from those purchased from another.

Walt Disney- Disneyland……need I say more?

All of this Entrepreneurs had one thing in common. They all had a passion if what they did, and didnt let anything stop them. When Success comes out with the next 50, will you be in it?

God Bless,
Felix

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It Allows You To Be All That You Can Be

Filed Under (Motivation) by admin on 05-05-2008

Long ago I was watching TV and a advertisement for the US Army came on, some of you might remember: “Be all that you can be! In the Army” Back then I didn’t think much of that phrase, nor did I ever use it.

Recently, I have rethought about that phrase, all because of a stroll.
I strolled along the mall, and as I passed a table for the army recruiter, I looked at the pamphlet. The cover was a bright green and positioned in the corner was a soldier in military gear. As some of you may recall that original commercial was the same thing, a soldier or two dressed in military gear. The recruiter looked at me. “Interested?”
He was a tall man dressed in an army uniform, on his chest were the medals and citations he had received through his time in the service. He stood proudly, his hands at his side, his smile genuine. He was a soldier.
Trained to have honor , loyalty and duty. Be all you can Be….. “Be all you can be?” I said, he let out a short laugh and smiled.
“I remember that commercial.” He said, still holding his soldier like discipline.
“Thanks, but no thanks.” I said, he nodded to me, still holding his smile.
I turned to walk in the mall and began to think, the army used “Be All You Can Be” why can’t that be true for other things. Take Network Marketing for example, it is like the army in many ways. In network marketing we learn what the basics of how and why it works, how to make things work, how to make contacts, how to make money, and run a successful business. Much like that soldier, learning the basics of military strategy. Like that soldier you crawl in the mud, you run into obstacles, you swing on ropes, you learn about strategy. Through the mud, and water, through all the obstacles. swinging on ropes, you persevere.
Our boot camp can seem just as tough, we generally have a tough time learning the basics, but through trial and error we get a greater understanding of our business at hand.
Then that one day, when all seems to be lost, when we have pushed the limits of our hearts, minds, and souls, it happens. The email, that you’ve always waited and hoped for, that message on your machine, asking you to call them back, that one offer that lets you know: “I Have Graduated from Boot Camp.”
Your hard work and perseverance has paid off, you’ve made the contact, and you’ve made that first bit of profit. While we don’t get any medals in network marketing, we do have one phrase that I think applies to us, just like the army: “Be All You Can Be.”

Through all those calls and emails you didn’t get, through all the ads in the paper that never got answered, you persevered , and got that one contact, that one email, that one call.

Your a soldier now, your in an elite force of individuals, who have committed to be by your side, and help you through the mud. They’ll be there when you need them, they’ll give you strength when you falter, they’ll teach you what it takes to be in the field, so you don’t lose focus, because they know what it takes. They know how to survive in this business, they know that without\ that commitment, if it falters or flees then the whole unit breaks down. They teach you and mentor you to stay the course, be strong, loyal, be all you can be. One phrase that denotes a search for excellence, one phrase that has seen American troops, serve our country with honor. Be All You Can Be in life, and Network marketing.

God bless,

Felix

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Whats Your “WHY”

Filed Under (Motivation) by admin on 03-05-2008

Everyday there are hundreds of thousands of people that start a home business from the comfort of there home,whether it will be in Network Marketing,Internet, or traditional. They get in either by seeing a infomercial,going to a meeting,having someone call them,or maybe even because of a family or friend introduced them to it. They get all excited! Then all of a sudden! After a day,a month,or even a year some of them just quit and while others stay in and become very successful! Now why do some succeed, and some fail? Is it because they are smarter. NO! Is it because they are better looking? No! Its because the people who succeeded had a strong enough”WHY”. ‘Why” meaning they had a passion deep inside them that no matter what they will succeed! Their “Why” got them excited everyday to build there business. Their “why” allowed them to over come any obstacle that they faced along the way. People don’t realize that starting a business from home is simple,but not EASY!

Now how do you develop your why? First of all….. Look around you. Do you have a wife or husband that deserves the best? Do you have kids that deserve the best education? Are you constantly working in your J.O.B,that you have no time to see your sons baseball game,or daughters ballet. Do you have parents that are working in their “Golden years” and you want to retire them so they can enjoy the rest of their lives. If you have any of those things, or something similar then that is your “Why”! Your “Why:” has to be something that drives deep inside you. Write down your ‘Why” and Post it every where that you can see it. Tell someone about your “Why” so they can hold you accountable to it!

If you know your “Why” and you are committed to it. Then you will be UNSTOPPABLE!

God Bless,

Felix

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Importance Of Good Customer Service

Filed Under (business training) by admin on 02-05-2008

When you are running a business from the comfort of your home, just like a traditional business. You have to provide great customer service for whatever you are selling whether it be a product or a service. Good customer service will allow you to keep a customer,bad customer service will make your customer go some where else. I know it sounds like common sense,but some people seem to forget about it.

For instance, I had recently purchased a product from a marketer online (always invest in yourself) am not going to mention his name.( You shouldn’t say anything bad about people) I had thought it was a one time deal. But it turns out it was a monthly recurring charge for a membership to his site. I didn’t want a membership. So when they charged me at the end of April, I went to his site. It said to summit a support ticket. So I did,which was on April 26th. Today(May 1) I still haven’t heard back from him. So I went to his site,look all over until I found a number to call. Well I called that number here is how the conversation went.

Rep—- Hello thanks for calling ______office, How may I help you?

me—- Hello yea… This is Felix Fegurgur, The reason why am calling is that I had purchased a product from you in the end of March. I got charged for that same product on April 26th. When I bought it I thought it was one time deal not a monthly membership.

rep—(silence) So what do you need?( in a sarcastic voice)

me— What do I need? Well….. I need for you to cancel,what ever membership it is and if you could refund the money you took out.

rep— Are you sure read the whole sales page,when you bought the product. Because it did say it was a monthly membership to the program.

me— Am sure I read it. Just cancel that membership,and please give me my money back.

rep— Are you sure you want to cancel it. You will probably regret it if you did.

me—( trying not to get mad) Yes! I want to cancel it.

rep– Well I cant cancel the membership over the phone, you would have to send a fax to us saying that you want to cancel with your signature on it.

me– What! Why would you need my signature,when you didn’t get it in the first place! You have my name,my billing address,etc. Right?

rep– Its our policy sir.

Me— You mean to tell me……..If I don’t send you a fax, with my signature on it. You won’t cancel the membership!

Rep— You got it right Sir.

Me— Well if that what it takes. Then I guess I have to do it. Just to let you know…..I am not going to buy anything from you guys again.

Rep– Well Sir…… That’s your prerogative.

Me— What about my money?

Rep– Your money?

Me– Yes! My money….I want a refund the money you took out on the April 26th.

Rep– Well….We can’t give you a refund.

Me– What! Why not?

Rep– We had already shipped the product out to you.

Me– Well I will return it,once I get it.

Rep– Even when you return it, you still wont get your money back. Plus its a great product. You will like it.

Me- (laughing) You guys really know how to run a business!

The end of phone call.

Now I will send that fax and I will also tell them how I feel about their policy. I will not put my sigature on it. I will print print my name. Now this guy is supposed to be a well known marketer out there. Heck I even voted for him for marketer of the year. Now will I buy his product again. No way! Will I recommend him to my associates. No way! Don’t get me wrong…. He is very successful in what he does. Am sure there are alot people satisfied with product. I just simply got a person on his staff that ruined it for him.

So provide good customer service and when you have a staff of people working for you. Teach them the value of a good customer service.

God Bless,

Felix

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Be Your Own Boss

Filed Under (Be Your Own Boss) by admin on 30-04-2008

One thing that is great about have a home based business,whether its a traditional business,Network Marketing or franchise.  You get to be your own boss.  No body telling when you when to take a lunch,how long you have for lunch,what time to come in and what time to leave,etc.  Where you get paid what your worth,not some one else telling you  what your worth.    You see….  I just got a phone call from one of my friends.  He told me he got laid off  from his job.   A couple months ago, I introduced him  to my business,he told me that it wasn’t for him.  I know if he had partnered with me , he would had something to fall back on.  Now he has to explain, to every prospective  employer why he got fired.  I wanted  tell me  ” I told you so” and that ” how times do you have to get fired,or laid off for you realize that is best to be your own boss and don’t worry about that happening”.  I didn’t tell him, cause he has to decide for himself.

Being in business for yourself is not for everyone.  There are people that simply don’t want to change what they are used to.  They are afraid to get out of there comfort zone.   They feel that there job gives them security.  But how  secured  is that job,when any day they can just lay you off or fire you.

The real security in life is to be your own boss.    Not only will you reap the rewards that you built,but you can truly leave a legacy for your family!

God bless,

Felix

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You Got To Believe In Yourself

Filed Under (Motivation) by admin on 28-04-2008

When you are in business for yourself, there are obstacles that you have to overcome. When I first got in the industry, I admit I had some self doubt. There are times that I wanted to quit! But I knew deep inside that I had to overcome it. That my family deserves the very best and I knew that this vehicle that I chosen( Network Marketing) will get me there. This scene from Rocky Balboa ,says it all.

You have to believe in yourself and don’t let anyone or anything stop you from achieving your dreams!

God Bless,

Felix

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If It Was Easy…. Everyone will be Doing It

Filed Under (Motivation) by admin on 26-04-2008

Too many people begin  their Network Marketing career  thinking it will be a piece of cake.   That all that have to do is just tell their family and friends and then they will be rich.   That’s why their are so many people quitting the industry.  People are never told in the beginning that it takes work.  That they have to develop the skills that will help them succeed.   People have to realize that it takes time to develop them.   That they truly have people that are willing to show and teach them these skills.

I remember watching a movie a while back called ” A league Of Their Own” it is about a a group of ladies that were in a baseball league back  during the second World War.   These woman went thru  alot.   From people laughing at them and calling them names,and people not showing up for  the games.   But when people saw their dedication and desire they realize that these women were for real.   But  the scene that really touched me and made me think about what it takes to be in Network Marketing.   It was a scene between Tom Hanks ( Jimmy Dugan) and Geena Davis (Dottie Hinson) character.  Geena Davis’s  characters husband just got home  from the war. So she was going back to her farm.  Their team was about to go to the Women’s World Series.    So during the scene, Jimmy was telling Dottie that if she quits,then she will regret it for the rest of her life and that she doesn’t realize how great she is.  Then Dottie says to Jimmy it just got too hard. Jimmy responds…..  “Its has to be hard,if it weren’t everyone will be doing it.”  Its the HARD that makes it so great!”   Just like in Network Marketing….. If it was easy, everyone one will be doing.  Its the struggles you have, the leadership skills you develop,people laughing at you,people telling you that it wont work.  Its all of  it  that makes it so GREAT!

God Bless,

Felix

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