Wednesday, December 30, 2009

Automate Follow-up and Get More Done

A lot of us home-based entrepreneurs still have a full-time job. That sure does make growing one's business kind of difficult. However, difficult is not impossible. Especially in 2010 and beyond.

After reading books like Tim Ferris' The 4-Hour Work Week and Scott Fox's e-Riches 2.0, and joining great online communities like The Perfect Biz Finder and Click Millionaires, I picked up a couple of ideas on how to automate your initial contact and follow-up.

I discuss a few of them in the below video.

Check out the video and click through the links for more information on these free and low-cost services.



RECOMMENDED RESOURCESLet me know how these tools work out for you.

Sunday, December 6, 2009

How to Screen Your MLM Partners



PRINT THIS OUT if you're involved in our considering starting a network marketing home-based business. I am 100% confident that you'll find this helpful.


There is so much hype out there these days.

Before you invest your time, energy, and money, please ask your latest candidate to become your business partner 10 questions.

I'm not just talking about a new distributor you're looking to enroll, but also the gal or guy that is trying to recruit you.

Desired score for both is 70% - at least 7 out of 10 answers should be acceptable to you.

If you don't feel comfortable with the person or the proposition, DO NOT partner with them.

Questions for Your Prospective Trainees:
  1. Have you ever worked a home-based business before? Tell me about your experiences.

    [To determine their experience level].


  2. What made you join that business?

    [To determine their 'why']


  3. Why do you want to join this business?

    [To determine if their excitement being tempered by reasonable thought]


  4. How much extra income per month would make you feel like you're getting ahead?

    [What amount of money is considered 'success' to them]


  5. How many hours per week are you going to dedicate to growing your business?

    [Is the time commitment in-line with the income goal?]


  6. How do you see yourself growing your business. From home, over the Internet, phone, mailing post cards, meeting new people, or some other way? [This will give you and idea of their personality type]


  7. Do you have a * minimum * of $100 per month to commit to the operations of and marketing of your business?

    [It costs to grow a business. This includes personal product and/or service use, along with replicated website, Bookkeeping software, CRM, samples, marketing collateral, postage, face-to-face networking events, and speed networking over the phone.]


  8. How long are you going to commit to working this business before you decide that it is not for you? [Recommend 90 days]


  9. Will you do what you say you're going to do? [To gauge their credibility--honesty]


  10. Will you in be honest with me on how you feel and fact do what you say you're going to do once you make a commitment?

    [Setting the stage for accountability]

_____

Questions for Your Potential Coach:
  1. How many companies like this have you worked with before?

    [To determine a track record of success or failure]


  2. How long did you stay with your last company?

    [To gauge their commitment level]


  3. Why did you leave that company?

    [To see if their reason for separating was valid - to you]
  4. Why did you decide to partner with this company in particular?

    [What was their why]


  5. How many ways can I make money? [They should have a basic understanding of the compensation plan]


  6. What are 3 things that makes an MLM program a good, worthwhile program?

    [Look for 3 out of the following: Good company management with experience in the industry; Timing in the company and industry; Remarkable product; Fair compensation plan--rewards spare-time, part-time, and full-time people; Training system; Purpose that fits your tastes; Reputation and culture of the company and it's distributors]


  7. How many people are you actively coaching now?

    [To see how available they'll be]


  8. How many business opportunities are you working right now, and why are you working more than one program?

    [How focused are they and are they a shrewd capitalist?]


  9. Other than the start-up kit and my monthly commitment (products or service subscription), how much extra money do I need to spend?

    [They should be able to something like this: "It costs to grow a business. This includes personal product and/or service use, along with replicated website, CRM, samples, marketing collateral, postage, face-to-face networking events, and speed networking over the phone."]


  10. How can I get the extra money to start and maintain my business?

    [Buy from yourself--if your company has products that allows you to "switch stores", CoinStar(TM) machines, bag lunch, W4 adjustment]

_____

Go get 'em tigers and tigresses!

Wishing you massive affluence,


The Keeper of the ARC of the Covenant
http://www.twitter.com/tyroneturner

Monday, November 30, 2009

Santa, I Want a Home Biz Control Center for Christmas




Thomas Friedman wrote a wonderful book called The World Is Flat. One of what he calls "world flatteners" is the Internet. The Internet allows solopreneurs and home-based business owners to compete with much larger companies as it is very inexpensive (sometimes free) and gives you leverage by putting a lot of things on autopilot.

Even though the tools are inexpensive, when you're using a lot of them the costs can really start to add up. On top of that, you're being billed from different vendors at different times of the month and that is another headache. When you get too spend-happy, you can end up in the red pretty fast.

As an example, here is a list of services that I subscribe to:
  • Autoresponder
  • Voicemail
  • Audio Email
  • Video Email
  • Teleseminars
  • Customer Relationship Manager
This stuff really adds up pretty quickly, and it takes a good amount of time to log into these various programs.

It is even more expensive and tiring when you are managing multiple income streams.

Why can't they all just be in one place at a fair price?

Maybe Santa will hear my request. I've been very well behaved this year.

I'm putting it out there. The law of attraction being what it is, I'm sure that the universe will send me an answer soon enough.

I'll keep you posted.

Wednesday, November 25, 2009

Who's Watching The Eggs in Your Basket?




Daniel Stoica, Accounting Consultant, helps you explore and discover your passion and turn it into a successful business, as this is his passion. "Minimizing your tax liability and maximizing your net worth at the same time by providing you with professional accounting and tax preparation services" is his profession. He goes beyond his own expertise and uses the resources of his professional network to meet the needs of his clients. He is incredibly passionate about helping others.

I have to tell you, bookkeeping, accounting, and taxes and the like are not the most exciting topics, but when you don't have a seasoned professional like Daniel on your side, you can really lose your shirt - or more!

Sometimes, it is not about how much you earn, but how much you keep that counts.

In the Tuesday, November 24th, 2009 podcast I did with Daniel, here are some of the topics we discussed:
  • Where you should be spending your hard-earned dollars
  • What you should not be spending money on
  • What the best business structure is for your business
  • How taxes can really add up depending on the nature of your business
  • Some of the the deductions that home-based entrepreneurs qualify for
  • And a lot more!
This was a general accounting overview and Daniel has agreed to visit with us again to focus on specific aspects of accounting and taxes to optimize your profits.

To listen to the 60-minute interview that is certainly a must-listen to, click on the player below.



David is based in Chicago and his website is www.DanielStoica.com

All the best,

Tuesday, November 10, 2009

Pick the Right Biz for YOU



Wow...

A lot of people want to start their own business but don't know where to start. I don't mean how to start making money but how to get started at square one by actually picking a business. Hopefully, an entrepreneur picks the right business. Not the right business according to me or anyone else. But what is the right business according to that entrepreneur. Even if you are the already operating a business, perhaps you can maximize your fun and profits by taking on a different function within the business.

This is where Steve Little comes in. Steve Little is the President of Zero Limits, Inc. He is truly a renaissance man. He has been an entrepreneur since 13, he's a champion athlete, and has made tens of millions of dollars and he's still going! He's been rocking and rolling as a successful entrepreneur for more than 40 years now. Steve’s mentoring has helped hundreds of people to break the barriers sabotaging their success and have created their dream life as a result. He has put his knowledge into a program called The Perfect Biz Finder. What it does is help you find your perfect business in 21 days or less. Step by step resources and blog take you by the hand and show you the perfect business that is genetically matched to your DNA.

You can take a free psychoanalytic survey (valued at $297) on his site at www.PickTheRightBizForYou.com.

Check out this 45-minute interview that I did with Steve on Tuesday, November 10th, 2009. You have GOT TO give this a listen.



Make sure to bookmark Steve's site and to take the survey. He has some exciting announcements in the weeks ahead.

To your success,

Wednesday, October 21, 2009

Ain't No Party Like a Webcam Pitch Party


TokBox - Free Video Chat and Video Messaging


We're bringing solopreneurs from all over the country together for organized, video/webcam networking events using a "pitch party" format. A pitch party is when everyone takes a turn giving their one-minute "elevator pitch" so that others can better understand what they are selling, to whom they are selling, and the benefits of their product or service. Prominent off-line, face-to-face networking groups like BNI, Le Tip, and Leads Club use a pitch party format.

The way we're able to bring business people from around the country together for virtual face-to-face networking is by using the free platform provided by TokBox.

Ideally, this will be used for entrepreneurs who are local to each other. This is a cool way to network, but it DOES NOT replace speed networking over the phone events or face-to-face networking events.

To learn more about what we're proposing with web cam pitch party, go to www.WebcamPitchParty.com.

Let me know what you think.