It never ceases to amaze me how many people go into an MLM Home Business unprepared and without a plan, expecting to be successful. And when they fail, which unless they are very lucky, they eventually will, they blame their failure on the industry, on their company or on their upline. Home Based Business success does not happen by accident. Success must be studied, planned and worked for with determination and resolve. I’m reminded of the old adage, “nothing of lasting value in life happens by accident.” Success in business, in any career, in life even, is no exception. In this three part series we will examine the three components of Home Business success mentioned previously. This list is by no means exclusive, there are other components as well. We are just going to focus on these three.
Success must be studied. If you want to be successful in any venture whether it be business or any other vocation, you must study every aspect of the endeavor. If you want to become a physician, you must first study medicine, and then apprentice under skilled and experienced physicians before you can be licensed to practice on your own. If you want to become an attorney, the same is true. It is true for any chosen profession. Can you imagine men like Thomas Edison, Albert Einstein or Marshall Field becoming successful inventors, scientists, businessmen, without being thoroughly educated on every aspect of their field of expertise? Absurd! Why would it be any different in a Home Business, MLM or otherwise? It’s not.
In business, you need to know your product, your marketing and compensation plans. You need to know how much it will cost you to do business and the profitability of your business and products. Those costs include but are not exclusive to; advertising and lead generation, advertising materials, business and office supplies, telephone charges, and very important, your time. Time is the one resource you have that is non-replenishable. Once spent, you can never get it back. So, time spent learning the business, learning the products, advertising, calling leads, following up on prospects and customers, training associates or downline, must all be taken into account. Your time may be your most costly resource, because as I stated earlier, it’s non renewable.
Additionally, you need to know who your target market is and how best to reach them. Products fall into some kind of niche, you need to know what that niche is for your business. You need to be able to fine tune your advertising and sales efforts to be most effective for reaching the demographic for which your particular business and products are most suited. You cannot do this unless you thoroughly understand your product, sales and marketing strategy, and your niche market.
Another important aspect of studying for success is mentor-ship. Why re-invent the wheel? Once you decide upon a business, one of the most important things you can do is to seek out a mentor, someone who has been there, done that, and knows the quickest and most efficient path to success and the pitfalls to avoid. You need to attach yourself to this person and soak up every last drop of knowledge and wisdom he or she has to share with you. Obviously you should seek out someone who is very successful and learn how to do what they do the way that they do it. Don’t cut corners. Don’t resist the training. They are successful for a reason. Find out what that reason is and duplicate it. It has been said the shortest path to any destination is a straight line. Well, this person can show you how to walk that straight line, in the least amount of time, with the least amount of pain and frustration. Follow them.
Lastly, and very importantly, prepare yourself for setbacks. Discuss this with your mentor, know ahead of time what those set backs can and will be, where you can expect them crop up, and be prepared. This won’t prevent setbacks from coming, but it will prepare you mentally to “tough it out” and work through them. They won’t catch you by surprise and you will know how to deal with them. Trust me, you will face obstacles and difficult times. You will go through periods where you couldn’t sell soap to someone covered in mud! It just happens. It’s not you, it’s not the company, it’s not the marketing plan, it’s just life, Murphy’s law. And Murphy was an optimist. Knowing there’s a boogie man about to jump out of some doorway or dark alley makes it a lot less frightening when it happens and prepares you to respond in an efficient and effective manor.
To summarize, success must be studied. Prepare, apprentice, anticipate obstacles and setbacks, and you will succeed. You won’t be able not to. In any career or chosen endeavor, the ones who succeed are the ones who have prepared. The ones who have prepared are the ones who have studied. The ones who have studied are the ones who are serious, dedicated, focused and determined and who have decided ahead of time, failure is not an option and success is not an accident.
