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Business Week

Ever Had an Amazing Idea That You’re Dying to Turn Into a Profitable Business?

Do you have an amazing idea that you’re dying to turn into a profitable business?
You can turn that idea into a business that joins the ranks of the best MLM companies and make your idea available to other potential distributors who would love to buy into it and start selling right away. The only thing that keeps people from making their dreams a reality is not having the right information and resources available.
The answers you need are out there, and if what you need is a way to start building your business idea, there are tools that will help you create a business plan and then put it all into action.
MLM tools like ROI (return on investment) calculators, will help you forecast how much you should spend on marketing campaigns and how much you expect to earn from that investment. Other important tools might be software that helps you generate a sales page and automated blogging software so that you can initiate a portal to create your online presence.
There are a lot of MLM tools that will make it easy for you to create an online portal so that people can find you and get to know you. You can give them the option to be contacted by you, once they decide they want to run an online business like yours.
Some sites provide powerful MLM training for new entrepreneurs who want to learn more about best business practices. The training will teach you how to determine the kind of people you want to target and sponsor. You can learn how to create marketing campaigns for your type of business and target more specifically the customer that you are looking to do business with. It is a also a great idea to converse with other entrepreneurs that are taking similar training, and give value to each other, and maybe share strategies that you have not yet tried.
The main thing is that you focus your time and efforts to finding the best MLM training for you and your business so that you can quickly and effectively get your business up and running in the most efficient way possible to achieve the success of your dreams.
Good luck in your pursuit of turning your ideas into action and success in your business.

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Business Week

8 Questions to Ask Yourself Before You Become an Entrepreneur

One of the biggest mistakes that aspiring business owners make is overlooking the importance of digging deep into what their true motivations are for starting a business and if their life is truly ready for this change. They get so busy in trying to figure out the logistics involved in getting their idea off the ground that they don’t pay attention to some of these very vital aspects that are crucial before you launch your business.
Following are the top eight questions you must ask yourself if you want to succeed –
1. “What are my motivations behind wanting to be an Entrepreneur?”
If you are toying with the idea of starting your own business, you need to begin by laying a strong foundation to your thinking and to your actions. The place to start is to question your true intentions and motivations behind wanting to undertake this endeavor. Your reasoning needs to be strong and meaningful in order to ensure that your business house won’t crumble with the ups and downs of the experience. We all know that running a business has its good and bad times; and when you go through the rough times, that (your reasoning and motivations) which propelled you to start your business in the first place, will serve as your sustaining power.
2. “Do I have a personal vision and a plan?”
Often we think that our work is somehow separate from our personal life. We forget that in order for things to go smoothly, our personal and professional lives need to be in alignment. The work that we do has a great impact on how happy or unhappy we feel. After all, we spend eight to ten hours each day, five days a week, doing our job. Your business venture needs to incorporate what you love to do, what you enjoy, and who you are. When you are making a conscious decision to become an Entrepreneur, you need to make sure that your personal vision has a place for that business and can make adjustments if need be.
3. “How will my family feel about me starting this business?”
If you do decide to pursue your dreams and become an Entrepreneur and you are married with a family, you’re going to want to discuss this with them. How would they feel about this change? Would they be ready for this change? Would they be supportive?
If you are single, how would your friends and family members in your support circle feel about this change? Do they feel this is the right step for you?
4. “Do I have the right personality?”
It’s a known fact that not all of us are capable of being Entrepreneurs even though we may have a desire to. People can have great ideas, even have a passion supporting these ideas, but being a successful Entrepreneur requires more; it requires very specific personality traits. Some of us are born with these; others may have them dormant and may need to develop them. Pay attention to your strengths and weaknesses ‘” determination, creativity, persistence, patience, flexibility, and ability to keep learning are some of these necessary traits.
5. “Do I have a clear business idea?”
Businesses cannot be built on a fuzzy idea. Your idea should be clear and well-defined. It can expand and evolve over time, but you have to start from a point that is sound and strong. Start by clearly defining concepts: what you want to do; what services and products are you going to be involved in; what the advantages are and benefits your business will provide.
6. “What would I like to do for the rest of my life?”
When you think about your ideal work, what comes to mind? Was there something you always wanted to do but didn’t get the chance to follow through? You will want to connect with your ideals.
7. “Do I have the background and experience for what I’m trying to create?”
Although it’s not always necessary to be skilled or have prior background with the business idea that you are working on, it is definitely important that you know what you’re doing. If you’re already experienced, that’s great; you’re ready to put that experience to work. If not, then you must work on acquiring whatever skills are necessary in the specific area needed for your business.
8. “What about my finances?”
Every business needs start up capital. How and where will you get yours? Will you dip into your personal savings or get a loan from the bank or somewhere else?
It takes a year or two, sometimes even more, to start bringing in money. It typically takes twelve to eighteen months to break even, and two to three years for profits. Do you think you are financially prepared for this? Do you think you are ready for giving up a steady check?

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Business Week

Have Your Online Business Ideas Failed Because You Aren’t Doing This?

If you’ve been hanging around the internet looking for ways to build a business for any amount of time, I’m 100% confident that you’ve seen the pictures of young guys next to a Ferrari talking about how easy it is to make huge amounts of money online.
You’ve also seen all the outrageous claims of making over $20,000 a day from all of these different “systems” for making money off the internet. Now the only reason you could be reading this article right now is because you have tried one or more of these online business ideas with little to no success.
Trust me, I know how excruciatingly frustrating it can wasn’t that long ago that I was in the same position! I spent over a year working online full time, racking up huge credit card bills before I even made my first measly sale online.
I spent thousands of dollars on all kinds of different products looking for that magic bullet that would make me quick cash like they all said I could.
It wasn’t until one of the worst days of my life, in which I nearly hit rock bottom, that I had an epiphany…I had been treating my time as an internet marketer as a short term job, not a business.
That was a key shift in my thinking that really started to propel change in what I was doing online. I realized that I had to find a real, sustainable business model that had been proven to produce a consistent reliable income. I needed to be doing what the “guru’s” were doing, NOT what they were telling me to do.
Here’s where I had a 2nd revelation!
I had been trying to promote products as an affiliate marketer for all these guru’s (and some !) and when I started to think about what these guys were doing and what they had in common, one major thing stood out to me.
They all had affiliate programs!
That got me thinking even further, as there was no way that these guys were doing all the work of managing an army of affiliates. So I searched around some internet marketing forums and found out that every single one of these product owners employs an affiliate manager to take care of this for them.
Now I was really onto something here. Just think about all the internet marketing products that are launched every single week, and then when you throw in products in other niches…there’s a never ending supply of product launches that need affiliate managers!
You can take it even one step further and look at any business with an affiliate program, which the vast majority of them have, and all of a sudden you have an enormous market – $3 billion dollar one at that.
So I set out and developed a business out of managing affiliate programs for different product owners and it took off like wildflower. I haven’t looked back since…