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The following article was published in our article directory on September 7, 2012.
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The Do's and Don'ts of Building a Residual Income in your Network Marketing Business

Article Category: Marketing

Author Name: Ernest Myles

There are a lot of do's and don'ts in regard to building a residual income in your business opportunity. These represent some of the best and worst things that entrepreneurs can do while establishing their individual businesses. This list of tips is especially chosen for the benefit of first time investors in the world of multi-level marketing.

DO: Build a Residual Income with a Business That Provides Great Training

Entrepreneurs who are still new to the industry should naturally seek out training in order to learn the rudiments of their new enterprise. Training goes beyond learning about the company's marketing or compensation plan. It should go beyond that. It should include finding leads, how to follow up potential contacts, and a host of other important topics that every entrepreneur will need while building a residual income in this industry.

DON'T: Take Rejection Personally

People usually begin building an residual income within their circle of friends and family. Of course they should eventually go beyond that and reach out to more people. Along the way, they will be rejected by a lot of people. One of the key lessons that should be learned by anyone involved in this industry is not to take rejection personally.

When a friend or next of kin rejects the offer to join in the business then they did not reject the marketer or entrepreneur. They just didn't feel the business is for them at the moment. Who knows, things may change. Remember to leave on a good note and keep the door open for future contacts. Along the way, entrepreneurs will learn how to overcome objections and resolve concerns.

DO: Find Good Leadership

Good leaders in a network marketing company are those who can set a good example that new comers can follow. They do not only enliven the crowd with great talks but they also drive the herd with passion and skill. Their good qualities eventually inspire and not just motivate young and new players in the industry. This is an important tidbit in building a solid residual income in network marketing industry.

DON'T: Drown Contacts in a Flood of Information

Sometimes when people become so enthused in whatever they are doing, they tend to go on and on about how good a product or business is. You get to see these people a lot in cottage meetings and other functions and gatherings. There's really nothing wrong about being excited about a certain business except that it turns people off sometimes.

Here's a tip – during the first meeting with any prospect just shut up. Present the short version of your spiel and take time to let the prospects talk about what you have just presented. Make sure to write down their concerns and provide concise answers.

If there are issues that cannot be resolved at the moment, learn to admit that you have no answer at the moment. Schedule a return appointment and make follow up meeting or call in between the scheduled appointment.

DO: Carefully Choose the People You Want to Include in Your Team

The freedom to choose the people to work with is one of the distinct joys of the network marketing industry. So, choose the people that you will contact well. Remember that you are actually building a strong community of entrepreneurs who have the same objectives. This is one of things you shouldn't miss in building a solid lasting residual income with your network marketing business.

Keywords: Building a profitable Network Marketing Business

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