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Consider these five points when writing your MLM business plan
• Define exactly what your business will do. Will it sell products or deliver services? Who are your main customers? Businesses or consumers?
• Identify your target market. What separates them from general public? Then determine what separates your business from your competition in meeting their needs.
• Do you have enough money to execute your MLM business plan? Estimate revenues versus expenses. How long will it be before your business is profitable? Doing your homework on front end can reap dividends later.
• How are you going to draw customers to your business? How do you plan to advertise? Having a strong marketing portion in your MLM business plan will help interest investors in your business.
• How long will it be before you turn a profit? Making good sound estimates of expenses, profits and losses will help on road to success.
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