Thursday, September 24, 2009

Wealth Building Master- Master Your Start in Business

Your start in business is critical to your success. A fast start will get you building your wealth faster than ever, a slow start will demoralize you and may even lead to frustration and quitting, even when you are on the verge of success. So, how do you master your start in business?


There are 2 important things to keep in mind. Your background and know how to getting your business off the ground. I was successful in healthcare as an executive so I thought owning my own home business would be easy. Well, that couldn’t be farther from the truth. What I found out was that people who made it look easy had extensive experience in other opportunities or in related businesses. My preconceptions also played a role, preconceptions of my own ability and what it would take to be good at sales. After all, I heard that this was not selling, all you had to do was take people through the system and some of them would join. So it is a number game, right? Wrong, there are skills that can be acquired, IF you have the right program. Most programs teach their system and you learn it from your sponsor. I was lucky that I had a great sponsor and I achieved some success, but nowhere near what I wanted. I learned a way to approach conversations, but never learned how to generate my own leads. The program I am in today, teaches both, and I have completely revamped my approach to prospecting so that it much more natural for me, which is enabling me to be master my wealth building skills and be successful early in the game.

The other main thing to consider is the opportunity to make money quickly and over the long term. There are 2 key elements needed in ain outstanding opportunity. The first is making money from your first sale. This is very important in a direct sales opportunity as most of these require that your first 2 sales are pass up sales, so you lose the income on the sale and all future income generated from others brought in by your first sale because the individual was brought into the business by your sponsor and not you, so you are not in position to receive their pass up sales. This cost you your first few sales, the most difficult you will ever have and you could lose thousand and even hundreds of thousands of dollars in pass up sales yourself. This is not a way to wealth building mastery.

The answer to make money quickly is in 2 parts; this first part is to join a company with high price point products with no pass up sales requirement. In the program I am in today, there are no pass up sales. You keep the money from your first sales until you recover your cost and are in profit.

The second part is to have residual income, usually offered by a multilevel marketing company. These companies usually pay smaller commissions, and you need to generate a lot of volume in your down-line, but the residual or ongoing component of sales commissions can be large. They also tend to have lower price points, with a low price hurdle for easy entry into the business.

The ultimate answer is to have direct sales and residual component in one program, with both low and high price points, as well as no pass up sales. There is such an opportunity and it enables you to master your wealth building skills and build wealth quickly. To find out more about it, follow me to http://www.wealthbuildingmasters.com/

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