Every year, a gentleman by the name of Mr. Jeffery Combs and his wife Erica Combs hold a conference with some major top leaders called More Heart Than Talent for all entrepreneurs in the direct sales industry. You see, you can try to read the books, but unless you take action in connecting with some major top leaders, your business will not grow. One if not the fastest way to connect is here online. The founders of MLM Lead System Pro were here at this event. Some amazing times and products sold. I spent over $1000 to increase my library. To your success…
We talk about leverage every day in network marketing. It’s the basis of why we can earn the kind of money we do. Earning income on the efforts of lots of other people is a great way of leveraging yourself.
But, can you actually pass the leverage test in all that you do in your business?
Throughout a normal day of being a network marketer, there are many things that you are probably doing, including sending and responding to emails, spending time for personal development, prospecting, running ads, conducting meetings, doing 3-way calls, training, and so on.
Everyone has 24 hours in a given day. Bill Gates, Oprah, Warren Buffet, Richard Branson, me, you…everyone has 24 hours each day. Human beings need to sleep. So…no one can work all 24 hours.
Are you maximizing your productivity in the hours that you are able to put into your business? For most people, the real answer is “no,” even though they may have kid themselves into believing something different.
After you read this, run into the bathroom. Look at yourself. And ask this question, “Am I really doing all that I possibly can in the most efficient manner to propel my business forward to its absolute capacity?
Be honest when you ask yourself that question. If the truth hurts, change it.
Here are a few tips to ensure you are maximizing your leverage in your business:
1. Prioritize Your Prospecting Calls. Make sure your dials are efficient. If you know you’re on the line with someone who is a loser, get off the phone. Use your ears and quickly determine whether or not you are on the phone with the right candidate. If you’re a talker, put a timer on your desk and set it at 5-minutes. When it buzzes and you’re still on the phone with the same person, ask yourself whether or not this person is really worth the time you are putting in.
2. Watch the Chit-Chat. It’s real easy to get caught up during productive work hours having conversations that are meaningless to your business. Talk to your friends and family later, unless they are in your business. Be productive during your productive time.
3. Prioritize Your Call-Backs. If you’re a busy person like me, there is a good chance that your phone is ringing all day long. Oftentimes, I am on the phone and it goes directly to voice-mail. I only call back people in a timely manner when it is critically important to do so. And…if I don’t know you and you are not clear on your message, your call back goes to the bottom of my list. Here’s what you can do with your voice mail to ensure that people tell you why they are calling and can give you a legitimate reason for calling you back. “Hi…you’ve just reached the office of Todd Falcone. I’m on the other line currently. At the tone, please leave your name and your phone number twice, and be sure to tell me the purpose of your call, as I prioritize my call backs due to my busy schedule.” You get the point. If you don’t put that on your voice-mail, you’ll have people calling you and you have no clue who they are and what they want. This is a time-saver.
4. Conduct Group Trainings. Instead of wasting your incredibly valuable time conducting one-on-one trainings, schedule a weekly training call and a weekly Q & A call that allows you to impact many people rather than only one.
5. Tools Are Leverage. Tools serve a multitude of different purposes. Whether it be a sales aid like an audio CD or DVD, a weekly meeting, or weekly conference call, they serve several purposes. Primarily, they ensure that the message being delivered is consistent. Secondly, it puts you in the position of not having to do the telling and selling. That’s what tools are designed to do. Use them.
6. When It’s Prospecting Time, Prospect! Get this. There are only so many hours during the day when you can actually reach people. When it’s prime-time, only conduct primary activities that lead to revenue. The middle of the day and early evening is not the time to be listening to motivational CD’s, and it’s not the time to be writing ad copy. Spend your hours wisely. Being an entrepreneur means that you might be burning the candle at both ends. I spend my evenings and mornings writing, reading and listening to stuff that furthers my education.
7. Sort Your Emails. Get a spam filter. It will make your life a lot easier. If it is not pertinent to respond right this second, then respond to it later. Again…make sure you are focused on revenue producing activities.
8. Hire some Help. We are all busy. You’ve got laundry to do, shopping, running errands, paying bills, kids, etc. It is incredibly easy to hire commercial laundry service supplied by Besafe. Find someone who can do your grocery shopping for you, clean your house, mow your lawn, go to the post office, or whatever else it is that keeps you out of production. You’d be amazed at what you can get for under $10/hr. You have to put a massive value on your time.
Those are just a few ideas on how you can make your life easier, more productive and get more leverage out of the leveraged business you are in.
Are you truly fit for Entrepreneurship? I stumbled across an article while surfing through Entrepreneur.com, so they deserve the credit for these questions. The title of the post was “How to Start a Retail Business.” Ask yourself in an honest assessment if you are truly fit for Entrepreneurship. These questions are related to starting a retail business, but the same still applies.
1. Are you good at multitasking? In your own business, you have to be willing and able to do everything yourself. When you work for someone else, you are usually responsible for just one thing and have limited control. You are supported by others with expertise or experience in different roles and functions. In retail, every day can be a stretch, as you encounter customers, employees, vendors and landlords. You can’t say, “That’s not my job.” It’s all yours.
2. What is your risk tolerance? In a startup retail business, you worry about being in the right place at the right time with the right goods and services for the right people at the right price. Do you adjust quickly to unplanned events or prefer more predictable, organized projects? Do you see risk as a threat or an opportunity?
3. Do you count on a paycheck? New business owners can rarely count on a regular paycheck. Startups frequently require more capital than planned. Something’s bound to go wrong or change even though everything is penciled out in your plan. If you break out in a cold sweat if you aren’t paid on the same day every month, you may want to rethink going out on your own. Most of the money you make will go right back into inventory and other costs of doing business.
4. Are you a self-starter and comfortable being alone? Or do you draw your energy from being around others and count on colleagues for support and advice? In your own business, you must lead, knowing what to do and when to do it, and be fully accountable for everything that happens. The buck stops with you. Sometimes that’s a lonely place.
5. Do you value predictability or prize diversity? Not only are there laws against discrimination in hiring and business practices, but America is a multicultural society. When you open your store or service company, you will be interacting with a wide spectrum of customers, vendors, advisors and employees. Retailers need to be people-oriented, flexible and good-natured. Can you manage conflict, see things from others’ point of view, and cater to their taste, not yours?
I can tell you, as an entrepreneur myself, these are right on the money. So if you are someone who is thinking about starting a business, whether a home based business or brick and mortar, make a very honest assessment of yourself and your abilities. If you want to learn about the entrepreneur industry, I recommend Lee Rosen Website, CEO of healthy bees business. Desire can only take you so far before you actually have to start thinking and acting like an an entrepreneur.