Tag Archives: mlm

Should Your MLM Business Be An LLC?

BUSINESS TYPES

LLC stands for Limited Liability Company, and is one of the options when starting a business.  Another common business type for certain situations is a partnership, for example when both husband and wife are working the business together.  Many of us, when we entered the world of network marketing, chose to start our new mlm business as a sole proprietorship.  This was the simplest one, and presented no hassle.

Is an LLC right for your mlm businessTHAT WAS THEN…

But is there a time in your business life to move on?  Has your online business grown bigger than you first thought it would?  Or, if you believe in the idea of multiple streams of income, are you in more than one business opportunity now?

IS IT RIGHT FOR YOU?

Perhaps it’s time to consider an LLC to see if it might be right for your situation.  The following infographic should educate as it features key points to consider.

An LLC is a Limited Liability Company

Is an LLC right for your business?

I’m not saying that this is necessarily the right choice for you at this time, but it doesn’t hurt to become familiar with the benefits, as well as the disadvantages that this business type brings with it.

Business Planning — Advantages and disadvantages of LLC’s and S corps

To view the next video in this series, please click here: www.monkeysee.com

MAKING A CHANGE

Considering a change from sole proprietorship to LLC

Is now the time?

If you do think that perhaps a change would be to your advantage, then maybe the following post will help you make the transition.

Transition Your Network Marketing Business From a Sole

www.mlming.com1/13/12

You started your network marketing business with one approach, in your own name as a sole proprietorship. Now you Typically, you can NOT transfer a business license from your sole proprietorship name to your new LLC.

 IT’S YOUR DECISION

It’s always good advice to check with your personal tax attorney or accountant to get their input.  Whether you decide to keep your business as a sole proprietorship, or look at the option of an LLC or partnership, it’s all up to you, and what you feel is the best solution for your situation.

JACK KOETTING

Make Cars Plus Cash your travel portal for savings.

 

 

Patience and Persistence – Business Tips from the Bible

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Are you willing to do what it takes, for as long as it takes?  You see, patience is  not only a virtue, it’s also a bit of practical business advice that you can discover by reading the Bible.  I’m reasonably certain it’s not the only one.  In fact, patience is often linked with persistence.  Also, the passage from the Bible I’m citing is probably not the only one, or maybe even the best example of combined patience and persistence.

But for those that haven’t found the business success they’re seeking, either in their career, or in the online marketing world,  this leadership trait of being willing to do what it takes, as long as it takes, I think is exemplified in this story.

THE STORY

The Bible reading is taken from chapter 29 in the book of Genesis, and finds Jacob on a journey that ends at the home of his uncle, and where he first meets Rachel, who will eventually become his bride.  He wanted her so much that he would offer to work seven years for his uncle if he would grant his consent.  At the end of the seven years, his uncle, because of a curious provision in the law, deceives him into marrying his eldest daughter first.  Undaunted, he accepts his fate, yet offers to work an additional seven years in order to marry Rachel also.  (Multiple marriages were common back then).

THE LESSON

Now, I’m no Bible scholar, and I’m betting that a lot of people would have thought he was crazy to do that, but that sure sounds like patience and persistence in order to get what one really wants.  It’s true that he only had to wait a couple of weeks after his first marriage, in order to marry Rachel – still, he kept his agreement to work for his uncle the rest of the seven years.  Guess you might say that integrity was important to him as well, as it should be for those aspiring to be true leaders in their organizations.

TWO SUCCESS STEPS

FIRST STEP – DO YOU KNOW?

In order to be successful in your career, do you know what needs to be done?  What actions to take?  What skills you need to acquire?  What knowledge you need to learn?

Brian Tracy – Persistence, Entrepreneurs, & Millionaires

www.SuccessUniversityCoaches.com Brian Tracy talks about how failure is to be expected before you reach success.

SECOND STEP – WILL YOU?

Inspirational Quotes On Persistence – Impossible Is Nothing

developmentsecret.com

Inspirational Quotes On Persistence · 48 Comments. Share. Email. Earn. By Lockerz · developmentsecret.com. ↑ Grab this Headline Animator. <. Trust Yourself ! No man with a man’s heart in him, gets far on his way without

Once you know what needs to be done,  are you willing to do what it takes for as long as it takes?  Do you have the internal passion to drive you past all the naysayers?  Do you have the discipline to direct yourself, before directing others?  Do you believe something valuable is worth waiting for?  Is your “why” strong enough to sustain you to the end?  Is your motto, “Never give up!?”

Patience and persistence are yours if you can answer “yes” to these questions.  And you are well on your way to being an example to follow as you work toward, and lead others to business success.

JACK KOETTING

http://www.carfor300.info

Leadership – What Makes a Good Leader in Network Marketing

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SO YOU WANT TO BE A LEADER

Leadership – a necessary skill if you’re to develop a team and have a chance to attain success in the network marketing industry.  A leader must have followers.  And a leader must do certain things to be a good leader.  Are you a leader?  Do you know what’s required  in order to be the type of leader others look up to?

If not, perhaps I can provide some insight.  My mentor, Steve Shook, recently hosted a leadership training event, in which he discussed what he called the 10 Attributes of a Good Leader in Network Marketing.

Ten Attributes of A Network Marketing Leader

  1. Have a goal larger than those you lead. Your downline needs to know you’re planning for the future, and want to bring them success.
  2. Have a greater and more positive attitude that those you are leading.
  3. Accept responsibility, and be willing to admit your mistakes.
  4. Make positive decisions.  Always strive to do the right thing.  (For more on this point, click Make the Right Choice)
  5. Put those you’re leading first.  They will work harder when they realize your goal is their success.  (People don’t care what you know, until they know that you care.)
  6. Lead by example.  Don’t just tell them – work with them and show them.  This sets the right example for your downline.  (Check out the leadership lesson from the dancing guy video at the end of this post.)
  7. Commit to integrity and character.  Yes, character does matter.  Your downline will have confidence in you if they see you doing the right thing.
  8. Strive for excellence in everything.  You may not get there, but you should strive for it, nonetheless.
  9. Improve personal growth and development.  Work as hard on yourself as you do on your career.  Seek knowledge. (An excellent source is Jim Rohn.)
  10.  Must have high level of persistence and determination.  In network marketing, it’s very easy to quit.  Do whatever it takes, for as long as it takes.  In fact, I’m reminded of a quote on a website featuring inspirational quotes that goes like this:

Success is failure turned inside out –

The silver tint of the clouds of doubt,

And you never can tell how close you are,

It may be near when it seems afar,

So stick to the fight when you’re hardest hit –

It’s when things seem worst that YOU MUSTN’T QUIT!

 

First Follower: Leadership Lessons from Dancing Guy

Official transcript at sivers.org — If you’ve learned a lot about leadership and making a movement, then let’s watch a movement happen, start to finish, in under 3 minutes, and dissect some lessons: A leader needs the guts to stand alone and look r…

duncanbrodie

Do u lead by example with only the best interest of another individual as yr motivation? Read more here http://t.co/JRA3IDZ6

Another perspective

2012 January 09 – Leadership Freak – Helping leaders reach higher in 300 words or less

http://leadershipfreak.wordpress.com/

Successful leaders exhibit these 30 qualities, behaviors, and skills. Which leadership qualities do you find most important. Which qualities/behaviors did we miss. Item one is first because it’s most important. The rest are listed randomly.

BE THE LEADER YOU CAN BE

Leadership can take many forms, but you must provide the right example that will attract others to follow you.  I’m looking for other leaders.  Become the leader in you!

Jack Koetting

www.carfor300.info

www.carspluscashsystemrocks.blogspot.com

Make the Right Choice – Always.

Sometimes it’s easy, and sometimes it’s not.  Sometimes the right choice is obvious, and sometimes it takes research, discovery, or perhaps study.  And let’s admit it, the possibility of always choosing the right path is probably not going to happen, but as leaders, (whether in business, or anywhere else) we should always strive to make the right choice.

One should always strive to make the right choice.

The right choice strengthens your character and illustrates your integrity.  When you choose to do the right things, it shows those you are leading that “character matters”.  Making your goals and aspirations subordinate to those of others builds trust.

The right choice demonstrates responsibility.  When you realize that you are the one that is ultimately responsible for your own success, you set an example for those that are following you.

The right choice should always be in harmony with our values. Too often in the world today, decisions are made because they just affect others, but the real challenge is to always do the right thing, even when it’s uncomfortable, or negatively affects us personally.

For real leaders, the message is clear.  Make the right choice – always!

Listening For Success – 3 Power Steps

Are you listening for success? That might sound like a strange question, but I assure you, listening, in the right way, is a key to your success. Although these three steps work well in a normal everyday conversation, they can make a big difference in your business results when speaking with a prospect who may become a potential customer or business partner. Bottom line – if you improve your listening skills, you will improve your business. They say “the money is in the follow up” which may be true, but many distributors, because of poor listening techniques, or not listening at all, sabotage their recruiting efforts, and leave themselves with no one to follow up with. Has this happened to you? Is it still happening?

Good listening habits certainly take practice, and it doesn’t happen overnight. But the effort you put into developing skills for effectively listening to others can pay big dividends. Keep the focus of the conversation on the other person. If you are only concerned about “making the sale” or “closing the deal”, then you’ve got the focus on the wrong person. And you’ll consider any conversation that doesn’t result in a new customer or business partner for you, as a failure.

I recently read a book by Michael Oliver, entitled  “How to Sell Network Marketing without Fear, Anxiety, or Losing Your Friends!”  In it, I came across this quote, “let go of the outcome, and your income will increase.”  Makes sense really. By keeping the focus on the other person through listening effectively, and asking good questions, the people you talk to, will respect you, and (if and when the situation and time is right for them), will be more inclined to listen to what you have to say, especially if they feel you can provide a solution to make life better for them in some way.

So, what are these three power listening steps that you can take to improve your  chances of success?

1. Listen intently. The first of the three steps contains a double meaning for the word “intently”. It means not only the obvious skill of concentrating your full attention when someone else is speaking, but it also means listening with the “intent” to understand the other person’s situation. Only by learning and realizing what their current reality is, can you both come to a logical conclusion of whether or not, they’re looking for a solution to a problem, and/or whether you will be the one to provide that solution for them.

2. Listen fully. The second of the three steps for effective listening  involves disciplining yourself to tune out all distractions as you focus on just what the other person is saying. Distractions can be noise, sounds, even other conversations going on around you. But it can also be your own “selective” listening. What do I mean by selective listening? If you find yourself waiting to hear the other person say a key word, phrase, etc, just as a green light for you to launch into your “presentation”, then you’re guilty of practicing selective listening. One of the main pitfalls of many distributors is delivering the presentation too early in the conversation.

3. Listen openly. The last of the power steps to help you become a better listener means to keep a totally open mind when you are talking with a prospect or potential customer for your business. No preconceived notions allowed here. If you’re asking pointed questions designed only to get an answer you want to hear, without regard for what might be best for them, you’re jeopardizing your chance for long term success. Again, do not allow yourself to get off track.  Are you listening to what they mean, or just what they say? To be an effective listener, you must keep the focus on them throughout the whole dialogue.  After all, in the end, it doesn’t matter to them what you want out of the conversation.

The total business conversation is a balance of listening and presenting.  Keep these three power steps in mind, and work on becoming a great listener, and chances are you won’t have to worry so much about being a great presenter.

Relationships Are the Key

Newsflash!  Relationships are the key to success in any business endeavor.  OK,  not exactly an earth-shattering announcement.  But true, nonetheless.  In fact, one might argue that the statement is just common sense.  After all, regardless of the type of business or industry you’re in, how well you get along with people will be a big determining factor of how well you succeed.

But if your business or industry is in the networking or internet marketing arena,  the advice is even more pertinent.  And in fact, we can expand it to not only how well you get along with people in general, but specifically how you build relationships with the right people that can further your career and/or income potential.

Bottom line, the better your relationships with those that are a positive influence on you, the more likely you will be a business success story.

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