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Wealth Magnet System - 4 Steps To Home Business Success Starting Right Now

Aug 18, 2007
Once you find a home business opportunity, you are in complete control. It is up to you to develop the formula for your new home based business opportunity success. Your formula can contain many different ingredients. Many of the ingredients will come from people who have offered you help along your journey. But, there are 4 very important steps that should be applied to every formula. These 4 steps can only be taken by you. No one can take them for you.

Those 4 steps are:

1) Recognize A Trend and Position Yourself In Front of It

The home business industry is just like any other. It moves in cycles or trends. About 8 years ago, an interesting trend developed. Multilevel marketing opportunites lost a lot of popularity points as the Top Tier, 1Up and 2Up opportunites began to emerge.

During that 8 year period, companies like Coastal Vacations, EDC Gold, Emerald Passport, Eventis, Global Resorts Network, Jaguar Marketing, Liberty League, Passport To Wealth and Prosperity International offered an alternative for people who were no longer interested in the tiny paychecks they were getting from Multi-level marketing or affiliate marketing plans.

Now a new trend is beginning to take shape. People are now becoming weary of the 1Up and 2Up opportunities. The reason is really very simple. If you have a commission range of $500 to $1,000 and you have to pass your first 1 or 2 sales up to your sponsor, that's $500 to $2,000 which could have been used to increase your advertising budget and grow your own business that much faster.

Now there is a new commission structure that is attracting people who are trying to find a home business opportunity and affiliate marketers with the more popular 1Up and 2Up companies as well. Positioning yourself in front of this trend is critical to your success.

How can this increase your level of success? If you're looking for a new home based business opportunity, recognizing this trend and becoming an affiliate with one of the new "No Pass Up" companies, like The Wealth Magnet System, means you will attract a high number of prospects who aren't interested in the 1Up or 2Up pay plans. This also means you will earn a commission from your very first sale, giving you additional advertising dollars.

If you're an active affiliate with one of the 1Up or 2Up companies, like Coastal Vacations, EDC Gold, Emerald Passport, Eventis, Global Resorts Network, Jaguar Marketing, Liberty League, Passport To Wealth or Prosperity International, recognizing this trend and becoming an affiliate with one of the new "No Pass Up" companies, like The Wealth Magnet System, means you now have something to offer all of the prospects who said no to your 1Up or 2Up pay plan.

2) Make A Decision and Take Action

Once you've identified a new trend, it's a good idea to ask questions, gather information and do your "due diligence". It is also important that you don't fall into paralysis of analysis.

At some point, you must a decision. Once you've made your decision, you must take action. You will achieve success only by taking consistent, positive and massive action.

Don't fall into the trap of getting ready to get ready. Do something. Track what you do. Make yourself accountable for doing something, some action each day that moves your home business in a positive direction.

3) Offer Your Prospects Multiple Options

If you're an affiliate marketer and you've running your business for any length of time at all, you should already have a list of a prospects. Most of the people on that list did not join your team. Throwing that list away is the biggest mistake you could possibly make.

Let's say you have a list of 500 to 1000 opt-ins. You've decided that having a secondary opportunity is a smart idea. Now you broadcast a message to your list, telling them about your new home based business opportunity.

Let's say that over time, 2% to %5 of the people on your list join your team. That's an extra $10,000 to $50,000 that otherwise would have been left on the table.

The same approach should be used with your fresh prospects. If they say "no" to your first offer, show them your second option. You are bound to get a large number who say "yes" to the second option. This is how the top income earners sponsor incredible numbers of people into their teams.

4) Be Persistent and Don't Quit

As you're running your home business, you are bound to run into obstacles. How you react to them will determine your success or failure.

No matter how bad you believe things may be, you must be persistent and continue with your plan. You must continue to take steps in the right direction and take action. You have to make up your mind that no matter what happens, you will not give up on your goal.

There is only one guaranteed way that your business will fail. That is - If you quit.

Copyright 2007 Lee Williams
About the Author
Lee Williams is publisher of the I-Biz CEO Mini-Course and Newsletter . He is a veteran direct marketer with experience in network marketing, direct sales, web authoring and traffic generation. Learn more about Wealth Magnet System and get his 10 day course, "10 Keys To Earning 6 Figures Online Starting Today" by visiting www.EZ1kDaily.com.
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