Unfortunately, Network Marketing companies come and go, or, you are someone that comes and goes, bouncing from one company to the next. Although a company seems solid, with a good product and great compensation, there’s no guarantee that it will be around forever.
My BIGGEST mistake as a home business owner, was putting all of my eggs into one basket. I put so much trust in the concept/product/owners of the company I was part of that I didn’t have a back-up plan. Now, if it’s all solid, there are no worries. But, if things go a different direction, if the company crashes, if the products lose their value or if any other variable happens that effects the company, it also directly effects your income. Instead of putting so much into the company, put that focus on the goal.
So imagine that 6 figure income you had managed to create while working your home business, suddenly gone, or significantly reduced. Now, if it was your doing, that’s one thing. But if was a direct correlation to something that happened in the company, that’s an entire different story! Without pointing fingers or taking a victims mentality, how does one recover from something like that?
Here’s how I recovered……I relied on the online presence I had. With the amount of content I have all over the net, the presence in social networking sites and the organic rankings on all major search engines, I had choices. With consistent, FREE traffic coming to my website, this site, a crash of a company wasn’t a complete disaster. All that did was gave me options.
I could…….
- Join another business opportunity or….
- Do something else with the traffic I was getting.
I could develop my own products and promote them on my site. I could completely monetize my website with sponsored listing from ad networks such as Adsense. I could continue to capture leads and sell them. I could promote affiliate products on my site. The list could go on and on.
So if you find yourself in a home based business, and you are purchasing leads, spending high dollar on CPC ads or don’t have a web presence, you may want to rethink your strategy. Set yourself up to win regardless of the opportunity.
One thing I teach people about marketing is to use three or four different sources of lead generation. If one or two drop out, you have the other two to rely on until they can be replaced. Without spreading yourself too thin, the same thing applies for your sources of income.
I believe in the Cortez concept of burning your boats, but I also believe in having a back up plan. Expect the best but prepare for the worst and you’ll never find yourself in a hard spot, without options.
Stay tuned for my SECOND BIGGEST MISTAKE in the next post!
So while were were there, our days looked like this:
Sunday – We paid a visit to Palamino Island just off the coast of the resort. There I snorkeled while Amy soaked up the sun as she normally does. Later that night we had a catered dinner in one of the top steak restaurants in the country called the Strip House which overlooked the channel and cove we kayaked to on Saturday night. This dinner was followed by a small get-together for leaders in my business called “The Repeaters party.”
Monday – We went hiking through the Puerto Rican Rain Forest and guess what….we got rained on! Go figure. The rain forest was amazing. Look for some video footage a little later on. Monday night we attended a welcome reception to the event we were there to attend. We ate buffet style and were entertained by music and awesome company.
Tuesday –
Wednesday – We heard from our final speaker,
Thursday – Our car came to pick us up at 5:50 am, just when the sun was rising across the ocean. Our room faced the east so as soon as you walk out the door….there it was! Amazing! And I tell you what…the best place to ride is in the back of a nice car! Our trip to the airport was just as nice as our trip to the resort.
You all remember the game you used to play back in grade school called “Follow the Leader” right? If not, allow me to refresh your memory a bit. The basic concept of the game is to have one person doing things that everyone else has to follow, or mimic. There’s no real way to win the game as far as I can remember unless everyone else in the game can’t duplicate what the leader is doing. I think the reason the entire game was invented was to teach kids how to follow instructions and to keep them entertained.
During college did you ever think about being a walk-on in your favorite sport? Now, of course I’m speaking about the ones that didn’t have that full ride scholarship and a reserved spot on the team. However, this pertains to everyone, scholarship or not. So how about it? Did you? Did you actually try out for the team or did you just think about doing it? If you did try out, did you make the team? Did you give it your best?