Open your email inbox and you will read dozens of email that promise fame and fortune today. Well maybe not fame but lots of fortune. No one will tell you the ugly truth about your MLM Home-based Business, until today. Here are the 10 ugly truths about MLM Home-Based Business.
You will not make money over night. There I said it. The secret is out. No matter what you hear from the hype on the Internet you can’t make serious money over night. Your income from sponsors or affiliate links is depended upon someone else buying the product just like you did. While you may have made the decision quickly most people don’t. Allow time for your business to grow. How much time depends on how much action you take.
You need to work harder than the average Joe. Lets face it if Internet marketing were easy than 97% of people doing it would succeed. But it is the opposite. You will need to work harder than 97% of the people out there doing their own MLM Home-Based Business. Fortunately for you that is not very hard since most people give up after 30 days.
Marketing training is the key to success. Joining your MLM business is not the end of your learning, but only the beginning. You must become a student of marketing and your business. You are marketing You, Inc. The better you do that the more success you will have. If you come from a marketing background you have a jump on everyone, if you don’t you will need to get to work.
Focus on one marketing strategy until mastered before trying another. There are some many marketing strategies that work on the Internet that you can lose your focus and begin to jump from one strategy to another. Pick one that appeals to you and focus on that strategy until you master it. You can continue learning about other strategies but keep you focus and marketing dollars on the one until you get at least 20 to 50 leads per day from it.
You will need to pick-up the telephone. Yes you will need to talk to people. You are building a team and you are the leader. You can’t lead from behind the curtain. You need to establish a relationship with your prospect. The better you are at talking to people on the phone the more success you will have.
Test your marketing and record the results. You need to constantly test your marketing copy and the results it brings. Keep good records so you can see how your marketing is doing. Use tracking codes and subdomains to track how well a particular copy does.
You must the right mindset. You need a winning mindset. You must be positive about your business so you can help others. Looking at the world of abundance will free your mind to think in terms of giving before receiving. You want to grow your business but that can only truly happen when you help others grow their business.
Have a marketing plan. You need a road map to your success and a marketing plan is that map. Layout what marketing strategy you will use, what copy, budget and expected results. Then monitor your plan and adjust it as needed until you get results.
You need a mentor. Everyone needs someone they can go to with questions or concerns about their business. Someone who has been in the trenches and can help you over the rough patches.
Never quit and you will always win. If you never quit then you will always win, timing is the only question. Consistent, persistent action everyday until you win. Not giving up when after 3 months or 6 months or 12 months. Working until you succeed.
You can’t start a MLM Home-Based Business and expect to have riches pour in the following week without taking massive action. Sorry, I purchase too many of those programs only to find out that I needed to learn a new marketing technique and implement my own plan. Whatever your MLM business is learn it backwards and forwards. Become an expert in it and market yourself as an expert that can help others in their business. Take these 10 ugly truths and make them a part of your business and you will succeed.

We all dream about owning our own Home Based Business and making our fortunes working from home, but the truth is 90% of us that try fail!Why is this?The bottom line is most of us don’t know how to market our business properly without spending a fortune on advertising, but there is a way that can work for anybody, regardless of budget!It’s all about picking the right type of business.Most of us are not I.T. experts yet the majority of new home based business start ups try to concentrate on Internet marketing in one form or another – this is simply a case of the blind leading the blind, or at least trying to, and that is why most new Internet businesses fail!So the first thing you need to learn should be, unless of course you really are an I.T. genius, not to try to provide other people with a service that you know nothing, or at the least, very little about!So what should you do?The bottom line is, your key to success will not be how attractive your website looks or that your prices are 10 cents cheaper than the competition; your success will be determined by how well you market your website, after all, if people don’t know your site is there how are they going to find it?So before you jump head first into working from home think long and hard about marketing; after all, if you are like most people you don’t have the money to throw at paid advertising.What types of businesses are easiest to market?First I want to give you a quick word of warning. If you have been looking for home based business ideas already I have absolutely no doubt that you have been bombarded with all sorts of business opportunities! Before you get sucked in ask yourself this question, “how could I market this for free?”What you should be looking for is a business that sells physical products that are constantly in demand.The reason I say this is because if you have physical products you can list them for free on a number of high profile high traffic shopping sites, including Google.Believe it or not, if you are not shy of a bit of hard work, you can set your business up and get its products listed on Google in less than a week. What this means to you is your business will start making sales almost immediately!ConclusionTo increase your chances of success dramatically, all you need to do is think through and plan what type of business you want to build, with an emphasis on how you can market it, before you spend any money!Don’t try to reinvent the wheel, go with a tried and tested business model that has a proven track record.Stick to physical products, by doing so you can guarantee getting your products listed on Google, which will generate a good volume of targeted traffic to your website almost immediately.Remember, traffic equals sales and sales equals profits!If you do a little research, you can find all sorts of free tips and advice to help you on your way…

Is Starting A Christian Home Business Easy?There are three parts to the answer of this often asked question of “How Easy Is It To Start A Christian Home Based Business”. The first part depends solely on YOU. How badly do you need to have your christian home business turn to profit? How much time are you willing to invest even if the income is not there right away? Are you a dedicated person who does NOT give up easily and sets realistic goals then tackles them? There are many more questions about YOU, but this is a good start. The second part will depend on the christian home based business company that you decide to start from home. Does the company have a pay structure designed so that anyone, even beginners can begin to turn a profit immediately? Is the christian business reputable, established and legitimate? Does the christian based business encourage ethical and honest practices within the company? And the list goes on of course. The third part depends on which sponsor or christian group you decide to come into the christian business with. Is the sponsor or christian group knowledgeable about the company and how to conduct the business to be profitable? Does the sponsor or christian group have advertising campaigns that beginners are able to tap into while they are in your first stages of the learning? Does the sponsor or christian group have a constant source of communication, because communication is KEY in home based business. Those are just a handful of questions to keep in mind when start a christian home based business.Can Anyone Start A Christian Home Business?Yes, anyone with a computer, telephone, and email address can start a christian home business for the very first time. But do not get the wrong idea, just because you have the three above items, does not mean, POOF you will magically be in the profit zone right away. You will need to learn the proper skills it takes to utilize each of those 3 items so that they do the work for you. Basic computer skills and an active email address are usually all it takes to get off the ground running, but having telephone skills and knowing how to talk to people is a definite plus with any business, not just home businesses.What To Look For In A Christian Home Based Business Company?When choosing a christian home based business for the first time, there are some key elements to consider. Is the opportunity affordable for anyone, even smaller budgets? Typically what you want to look for is a good price range to join, to profitability ratio. A good price range to look for is anywhere from 30-60 dollars to join and or on a monthly basis. And here is why. If you get into a business that only cost below 30 dollars to join or on a monthly basis, this means that it is nearly impossible to become profitable because the company does not have enough money coming in, to pay a decent amount to their representatives (you). Now, any higher than 60 dollars is going to be a far stretch on new members who are on a limited budget, so you want to keep it within reason for everyone. Within the 30-60 range is perfect because it does not strain everyone’s wallet, and there is plenty of money coming into the company to create sizeable commission checks to their representatives (you).

This is a four part series where we have outlined important questions to ask a property management company before hiring them.

Series 1 Company’s credentials
Series 2 Property management services
Series 3 Property management fees
Series 4 Tenant screening process

Property management companies come in all sizes, capabilities and expertise. Just because one works for one investor doesn’t necessarily mean they will work for you. Below we have outlined some important questions to ask a company during your initial interview process. Their answers to these questions will provide insight into their business capabilities, credentials and areas of expertise,and can provide you with an understanding of the type of services they offer which are important to you.

Series 1 – Credentials

Years in the business – Years in the business can equate to experience and stability within a company. Of course things such as changes in key personnel or senior management can jeopardize this. But generally this is a good indicator of a company with a solid foundation. Chances are they have solid processes and procedures in place to streamline the management of possibly hundreds of properties all at the same time. Make sure these “years in the business” are related to property management and not sales only. Just because they have 30 years running a real estate sale department does not make them an expert in property management or tenant relations.

Done business under another name – You should do your due diligence and contact the Better Business Bureau or other reliable service such as Dun & Bradstreet to see if the company your interested in has a good track record or any consumer complaints filed against them. The Better Business Bureau assigns grades from A to F with pluses and minuses. A+ is the highest grade and F is the lowest. The grade represents BBB’s degree of confidence that the business is operating in a trustworthy manner and will make a good faith effort to resolve any customer concerns. If the company your interested in has done business under another name you will want to check the track record of this business entity also.

Property Management Only or Sales also – Some investors will only hire companies that deal strictly in property management when it comes time to managing their rentals. These companies are focused on every aspect of property management since this is all they do, and they will not be influenced in trying to get you to sell and making a sales commission.

Other investors may find security in knowing they have a management company that is well verse in sales. A company that offers both sales and property management can be very useful if you plan on buying multiple properties and want to work exclusively with one company for buying and managing all these properties. These companies typically will have a good grasp of the overall market condition whether buying, selling for owner occupied or investment.

Real Estate or Brokers License – In order to practice business as a property manager some states require they process a Real estate or Broker’s license. To receive a license requires extensive education as well as passing the state’s licensing exam. In order to keep their license current they must also participate in ongoing courses. These courses and license designations cost money and show they have a commitment to their trade. Other states may only require a certificate, which consists of basic classes and passing a class exam.

Staff personnel – Some management company may employ hundreds of employees, while others may be run by a sole proprietor. What you want to find out here is the ratio between their portfolio of rental properties and managers they employ. In other words, if they manage several hundred properties yet only have two staff managers, they may be overworked and unable to give you the service you expect.

Type of properties you manage – Some property management companies manage all types of properties while others specialize in one type, such as residential. If you have a single-family house that needs managing, a company with 90% of its properties being commercial property may not be a good fit. Typically commercial and community association management is the most profitable for a property management company. And some residential property management company may prefer to manage only multi-unit apartment buildings of a certain size and not manage single family houses at all.

Associations/Affiliates – They are many local and national associations that are tailored for the property management community. These associations are full of valuable information, and are a great way to network amongst others in their industry. Once a member of these associations you have numerous channels of educational classes and seminars all geared toward enhancing their skills as property managers. Upon completing class requirements many are given professional designations to promote them as a professional in their field. Some popular associations are “National Association of Realtors®” (NAR), “National Association of Residential Property Managers®” (NARPM®), “Institute of Real Estate Management®” (IREM®), “Community Associations Institute” (CAI), “Building Owners and Managers Association” (BOMA) and the “National Apartment Association” (NAA).

Coming soon: Part 2 of 4 “Make finding a property management company easier on yourself by asking the right questions”- Property management services

Karen McDaniel
Principal/CEO
Property Management Profile LLC

Property Management Profile offers the most up-to-date listing of full-service property management companies nationwide. We have become a wealth of information and resource for the first-time landlord as well as the seasoned investors. We should know what we’re talking about, as owner and creator of Property Management Profile, Karen McDaniel, has owned and managed many of her own properties. Today, all are managed by professional property management companies, so she now has more time to continue her work educating and helping others make better choices when it comes to finding a qualified property management company.

If you are like the rest of us that own or rent office space, property costs are one of the largest business overhead expenses. It is very important that we comprehend the terms used in Real Estate. It is important that you understand the ramifications of taking over the title to a property or entering into a lease agreement with someone. Always consult with an attorney who specializes in real estate law. This will keep you out of a lot of problems which you do not need in business.

Real Estate Terms List:

1. Appraisal: This is a written report by a state-licensed appraiser that includes an unbiased analysis of the properties value and what led to that opinion. This is always required on all commercial property sales. If you are borrowing money, you will need an appraisal.

2. Broker: This is the person that brings together a buyer and a seller, or a landlord and a tenant, in a real estate transaction. All brokers must be licensed by the state where they work. Some work on a salary but most work on commission. They either represent the seller or the buyer; the lessor or the lessee.

3. Concessions: Benefits or discounts given by either the seller or landlord. This helps to close a sale or lease. Common concessions may include moving expenses, remodeling of office space or upgrades. This can also be used as an inducement of reduced rent for the initial term of the lease.

4. HVAC. An acronym for “heating-ventilation-air-conditioning” system in the unit. In a commercial building, the landlord generally is responsible for maintaining the HVAC. Often, they tenant can be responsible also, it depends on the terms of the concessions or lease.

5. Lien. This is a legal claim filed against a property for payment of a debt or money owed. If a property owner fails to pay, for example, the creditor can place a lien on his or her property. A lien will halt the sale of a property. It is important to know if there is a lien on a piece of property you are considering buying.

In conclusion, this is just a few terms that are important in a real estate transaction. Understanding what you are getting into is important. Always consult with a Real Estate Attorney before entering into a real estate traction. Remember, investigate the property you are considering investing in. This is called “Due Diligence” on your part before signing on the dotted line.

If you have any questions, feel free to visit our website.