What do I mean by this?
It doesn’t matter what your business is, you need to adopt leverage in some form or another in order to get the best out of your efforts. Traditional business leverages employees’ work in order to make more money. If you have a home business, you need to develop leverage and here are some things you need to take advantage of in order to move your business on and grow.
In the home based business industry we need to be trained to work the system the right way. Whether you use the traditional methods, online methods or a mixture of the both, you need to leverage other people’s knowledge in order to learn and find the best way for you to run your marketing. This is the first and most important thing you need to do, but when you learn make sure you take action on what you have learned. Remember you will learn something new every day, so don’t wait around and over analyse stuff, take action on what you learn and move on to the next steps every time.
Leverage Other People’s Work Efforts
When you have learned from your mew business partners and you are finding some success, you can use your new found skill to teach others. You can learn how to develop your own products and then teach others to do the same. While they are learning, just like you did in the beginning, you can leverage their new skills by offering them a chance to promote your products as an affiliate. That way, when they sell one of your products, not only do they earn money, but you do too when you haven’t even tried. This is Leveraged Retail and you should look at this to help you get multiple streams of income.
Another way to leverage other people’s work efforts is by training them when (perhaps I should say IF) they join you in your MLM business opportunity. Because you have signed up customers and new business builders into your personal organisation, you will have developed yourself a residual income. Because of the network and the possibility of being paid through several “levels” of the business, you can leverage your income more and increase your residual monthly payments. Other companies offer a leveraged residual income opportunity even though they are not a MLM company. A membership site may work on 2 levels, one is the residual income from the repeated monthly fee and a smaller commission from the second level member.
These are just a few ways to see how developing and promoting leverage can help your business to grow and help it to be a resounding success. If you adopt these methods and put them into your marketing plan, you will see the benefits they can produce for you.
To the future,