Monday, October 1, 2012

12 Success Factors- How to ensure you are not among the 95% who fail at home businesses

The 12 Success Factors are CRITICAL to building a real, lifetime, monthly residual income with a business at home!


Why do 95% of people trying to build a business at home fail?

Because they are trying to build a business that does NOT meet ALL of the
12 Success Factors

I have yet to find an MLM (Multi Level Marketing) or traditional business
that even comes close.
Residual Income is income that comes in month after month, year after year,
from somethingyou did ONCE in the past.
I grew up watching my mother trying a number of "home businesses" that started with enthusiasm and momentum, and then silently slipped into the box of "lost causes" never to be revisited. What she was getting out of them was not worth the amount of effort she was putting in. So my siblings and I would end up with leftover inventory to play with from whatever company she had tried, and she would have no more money than she had started with, and in some cases, less. It didn't take long for her self confidence in her own abilities to fade. She did not know that it wasn't her fault. If any of the companies she had tried had all 12 success factors I am about to discuss, she would not currently have that metaphorical box of "lost causes" and all of her hard work would have surely paid off.

12 SUCCESS FACTORS CRITICAL TO CREATING A BUSINESS THAT CREATES LONG TERM RESIDUAL INCOME


#1 COMPANY TRACK RECORD
most companies fail within the first
5 years – the company you chose
should one that has been in business
for 5 years or longer

#2 FINANCIALLY SOUND
the company must be financially healthy
and preferably debt free

#3 STRONG MANAGEMENT
fortune 500 style management
accept nothing less

#4 UNIQUE CONSUMABLE PRODUCTS
product must outperform anything in the
market place today AND they must be
products that real families, need use &
repurchase on a monthly basis

#5 COMPETITIVELY PRICED
products must be considerably less
expensive than where you currently
shop AND better & safer

#6 HIGH MONTHLY RE-ORDER RATE
95% or more of your customer shop every
month – note* this must include customers
and business partners – NOT just business
partners

#7  LOW PERSONAL PRODUCTION
REQUIREMENT
low monthly order requirement with NO
monthly quotas – no matter what position
you advance to within the company
#8 LOW COST TO START
under $50 for everyone
NO buying inventory with membership fee
enroller should NOT be paid a bonus on this fee

#9 TIMING
No “ground floor” deals – what happens when it’s
no longer ground floor?
bad news travels fast – this is why most MLM
companies get a bad name – they usually earned
it – when people get hurt and lose money, they tend
to tell everyone they know

#10 NO BREAK-AWAYS/BINERY COMP PLANS
you should NOT be penalized for enrolling someone
who is working harder and earning more than you -
you should NOT lose a person or business partner
because of it – not ever
Leadership development should be rewarded

#11 NO RISK
there needs to be a 100% money back/satisfaction
guarantee – no questions asked!
it needs to be safe for everyone, both customers and
business partners alike

#12 LOW ATTRITION
customers are cancelling – they’re not ordering
- read #6 again to fully understand just how important this is


You simply cannot sacrifice any of these factors when considering a home business.
If your business has all of these things, you will create a business to last a lifetime.

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