Network Marketing: 7 Entrepreneurial lessons

The home based business of network marketing to create residual income can be mirrored to what an entrepreneur does when seeking venture capital.

Amber May wrote an article about a TV show where entrepreneur compete for venture capital. Here are some of the pointers:

1)KNOW YOUR NUMBERS-its critical that you understand how much cash is coming in and out of the business. Passion only gets u so far-numbers tell the real story [and show your potential business partners that in your MLM opportunity.].

2) BE A GREAT MARKETER-yup, the CEO needs to shoot from the front

3) BE HUMBLE-what do u lose?

4) UNDERSTAND GOOD TIMING-There are good and bad times to ask for investment money. Do u believe a tough economy is a good or bad time to sponsor new distributors? How about those seeking extra income in that very tough economy?

5) HAVE A GOOD STORY-the struggle, the turning point and the present situation. Your business partners would like to relate seeing themselves getting to where u have gotten or even better.

6) BE PREPARED TO WALK.you are not a charity, you are a businessperson.

7)BE PERSONABLE- have a winning personality. No one wants to do business with somebody who is unlikeable. As Shark Barbara Corcoran said in a tweet ” All the entrepreneurs i’ve invested in have an amazing personalities-no regrets”

The home based business of network marketing to create residual income can be mirrored to what happens when an entreprenuer seeks venture capital

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About nmsuccess

A Network Marketer who is Catholic Christian,a custodian of a wildlife heritage and a soccer & cricket fan. Basically i joined my current network marketing company in 30 March 2011.Influences of R.Kiyosaki,Don Failla have played part in resillience in this MLM industry.
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