Warren Buffet once recommended a Book known as the Intelligent Investor and he desribed it as “by far the best book on investing ever written”.i reviewed over the weekend and on Page 523 i gained a greater understanding of where he got is influnce. mr Benjamin Graham recommended the following when investing and below i’ve presented it as analaogy with network marketing(inst it great):
1)KNOW WHAT YOU ARE DOING-know your business.understand what your network marketing company pay for (recruiting & retailing).what is a presentation? what is networking? what is marketing? what is supporting and training your downline team members?
2)DO NOT LET ANYBODY RUN YOUR BUSINESS-not your successline, customer, taxman etc but you who knows most how much residual income you desire out of your business.
3)PROFITABILITY(Do not enter upon an operation-unless a reliable calculation shows a fair chance to yield a reasonable profit-listen to all the testimonies of successful people who have benefited and become millionaires from the very same compensation plan set before you.
4)HAVE THE COURAGE OF YOUR KNOWLEDGE& EXPERIENCE-if you have formed a conclusion from the facts and if you know your judgement is sound,act on it-even though others may hesitate or differ
So, utilise the principles and build your mlm business from sound advice of the greats