Friday, February 6, 2009

Step Back to Make Wise Business Decisions

The first 30 days of the year are behind us and although we should have been doing the following the latter half of 2008, there is still time to put together our business plan for 2009. You cannot afford to wait any longer, as your business year should be broken down into four cycles of three months each, and if you wait until the first cycle is over to re-evaluate where you are in terms of business, you will have lost 25% of your business profits.So with that, grab a pen and paper and jot down what your income goals were for 2008 and what your actual profit was and what actions you took to achieve them. If you did not reach your income goals the following evaluations are crucial to your success. (As a side note, if you did achieve your income goals - CONGRATULATIONS - but you still will want to take a look at the following steps, as you always want to improve on prior years and offer value to your customers/partners.)

1) Take a look at your primary company. How long have you been with them, if you are not making money how is the company doing as a whole? Do you believe in your products, could the product stand-alone, meaning would people purchase this product if there was not a business opportunity attached to it? Now is the time to make the decision on if you want to commit another year or move on to something else. Keep in mind, you don't want to jump from company to company, but just as in corporate America, a CEO is always a CEO regardless of what company he is with. So you will always be a network marketer, you just need to find the right fit for you. If you are committed to being a success choose wisely here and GO FOR IT!

2) Do you have multiple streams of income set up to finance your primary business? Such as affiliate programs, ebooks, marketing tools, etc. You can see some of the affiliate programs I have used and recommend right here at my blog on the right side.

3) Are you targeting the right market? Do you have different niche markets set up to target the right customers and business partners?

4) Are you using a company replicated website or do you have your own self-branded sites. This is crucial in marketing on the internet today, especially if you are advertising on GOOGLE as Google likes original content.

5) Do you have a system in place so that when a new business partner makes the decision to get started with you they can duplicate what you are doing and get into profit quickly? One that will teach them not only skillset and mindset, but equip them with tools to generate their own leads and create autoresponders.

As you can see that although the company you choose to represent is important, more important is that you have a system in place, that can teach you and others how to market, because you could have the best product in the world but without a system to share it with others, nobody would know about it.

If you want to read the famous CoffeeHouse Letter written by Mike Dillard of Magnetic Sponsoring fame, go here . Get the scoop on GPT or get paid today and join the ranks of new school network marketing! If you need assistance in learning how to market online check out this personalized program here by Nadira Haniff.