What Is The Best Network Marketing Company Out There?

So the question comes up all the time...What is the best network marketing company out there? And that's a good question. People all the time are searching for the best company with the best compensation plan with the best product. And the reason is usually the obvious - we all want to make money.

So when you start with a company and you plug along and give it a shot, and you are not seeing the results that you had hoped for, you find another company that looks better because you see people are being successful, so you jump over to that company. Well, that doesn't work either, right?

It's NOT about the company or the product or that the market is saturated or the economy is down, or whatever. It's about YOU. It's about you and what you know. It's about your knowledge and expertise.

What most companies don't teach you when you join a network marketing company, is actually how to market. Wow, what a concept.

What you need to do is get your hands on some marketing books and training courses, get on lists of top marketers and learn what they are doing and how they are doing it. Educate yourself, invest in yourself.

There are of course some very expensive training courses out there, but there is also a lot of information out there is free. A lot of top marketers are top marketers because they truly give of themselves and share their knowledge and expertise.

Go out there, learn everything you can about marketing, and then you can be successful in ANY business that you choose.

But you can't just stop there...then you must take action. More on that subject next time.

If you would like to learn more, visit my web site at http://www.RaeMcGaughey.com

A Prosperous Home Based Business?

So what does it really take to have a prosperous home based business? I know some mistakes to avoid, that's for sure.
How about - You don’t have to know it all before starting. In other words, don’t spend every waking hour studying the product and compensation plan, or going over every scenario of what a prospect might say to you so that you can come up with the right answer. It’s o.k. to not know the answer all the time. The compensation plan will unfold later and happen for you. Just have a web site or recorded call in place to direct your prospects to.

Another thing to know when starting a prosperous home based business is that you don’t need perfection before implementing. What that means is believing that your web site needs to be perfect, or videos need to be flawless, or autoresponder e-mails have to be perfect and scripts needs to be perfect as well. Those who make money do this: Do their best and implement. Improve as they go. Massive implementation without fear of failure. Basically take action immediately.

Here's another one...Don’t worry about what others will think. If you are afraid that you look like you don’t know what you’re doing, it’s o.k. to say “Good question, I will get back with you on that. What other questions do you have?” and then call them back with the answers. Be confident in yourself and your product. What about your family and peers? Why do you care what they think? Worrying about what others think is really about fear of rejection.

Also - When starting a prosperous home based business, you have to realize that it is a real business and must be treated that way. Don’t have the attitude “try it and see if it works.” Put time into your business (10 hours minimum) every week. Don’t expect someone else to do it all for you, and then blame others for failure instead of taking responsibility to learn. Prioritize what tasks need to be done and make them happen.

Finally, which is a MUST HAVE, is Personal Development. What is personal development? “It’s the transforming of your mind, habits and behaviors that allows you to have tremendous success in all areas of your life.” You should practice personal development at least 20 minutes every day. Some ideas for personal development would be reading personal growth books, successful people stories, mindset, etc. Write out a detailed goal sheet – a plan for your life. Physically touch your future – test drive that car. And visualization – make a vision board and post the pictures of everything you want on that board.

Although there are many other tips and secrets to starting a prosperous home based business, these top five are key in making it a success.

If you would like to learn more about building your own home based business, visit my web site at www.WealthInMarketing.com.

Top Residual Income

Here is an article I wrote recently on:

"Tips On Earning Top Residual Income."
Most people in network marketing or multi-level marketing today joined in the opportunity in order to earn top residual income. First off, what is residual income? The definition from wikipedia.com states:

"Residual Income (also called Passive Income) is income earned on an ongoing basis for effort done once in the past."

So in order to earn top residual income, it would be assumed that you want to start a business with a company that:
1) offers an incredible commission structure, and
2) offers income to be paid for many levels, or better yet, to infinity.

Many MLM companies offer anywhere from 4% - 15% commission overrides, and that is where the residual income comes in. However, there are some companies out there today, that are not like a traditional MLMs, and offer top residual income per sale of anywhere from $500 to $1,000.

Many marketers today are turning away from the traditional MLM companies and joining other higher commission companies because it's extremely hard to succeed with small commissions on the products being sold, and a continual effort of trying to maintain a team. So much time is involved with training new team members, ultimately for free, in the hopes of having an "ace" come on board, and many times, the person that was trained drops out after only a couple of months because they have seen no progress and no money coming in.

Some of the non-traditional network marketing companies out there today offer the commissions up front AND the residual income on the back end, so the mentor or team leader is motivated by making the sale and earning a hefty commission on the front end, as well as motivated to train the new team member because they know they will earn top residual income down the road for many levels, if not into infinity.

It is true that many network marketers that are in traditional MLM do make some money. But with a 97% failure rate - the majority never make a dime in this industry. It's upsetting and sad...but also very true.

Tips to Earning Top Residual Income:

Tip - Pick a company that offers an excellent commission and compensation plan.

Tip - Pick a company that offers a product that has longevity, and make sure there is an actual product being sold.

Tip - Be willing to take the time to learn from the top earners in the company.

Tip - Be willing to implement what you learn into your business.

Doing due diligence is crucial when it comes to picking a company that will allow you to earn top residual income.

It doesn't matter if it's traditional or non-traditional network marketing, it does take work to build a business in order to earn residual income at all. But it doesn't have to be hard work, it just needs to be smart work.

If you would like to learn more about my marketing techniques - visit my web site: www.RaeMcGaughey.com and www.WealthInMarketing.com.