Joel Teo

Written by How starting a home business can help you become debt free

How starting a home business can help you become debt free By Joel Teo 2005 All Rights Reserved

Did you know that it is possible for you to break out ofrepparttar poverty trap and become debt free. For many people who have very bad credit ratings, such a statement would be totally out of their contemplation.

Becoming debt free is a real possibility and not merely just some puff or dream. This article will tell you how by starting and seriously working your home business, you can help yourself become debt free withinrepparttar 105664 next few months if you are serious in doing so.

Firstly, why are you in debt? The reason is that you are in debt is a lack of an alternative income source into your pocket outside of your job. An internet based home business can help you become debt free by helping you generate a second source of income into your pocket. Plus you can avoid having to talk to cold prospects as people who signup for your business are qualified and want to know more about your home business.

Secondly, a home business will help you hone your business acumen and allow you to view your own finances with some degree of detach ness and as a result become debt free over a period of time. Have you ever spend some money and then looked at your credit report and find yourself in a state of absolute pain. One ofrepparttar 105665 advantages of running a home business is that you learn how to monitor your own cash flow so that you can slowly find yourself growing out of bad debt and become debt free. For many people just learning some money and cash flow management skills can help them become debt free after a few months.

What 15 Years in the Network Marketing Industry Taught Me.

Written by Greg Aldrich

Just whisperrepparttar words “network marketing” and you’re bound to get an emotional response from your listeners.

Many people are still saddled with antiquated ideas of howrepparttar 105663 old multilevel companies were run inrepparttar 105664 60’s and 70’s. Remember? Those days when cars had to give way to products stockpiled in your garage and family and friends were suddenly afraid to visit you.

Butrepparttar 105665 industry has grown past that caterpillar stage.

Added to this misconception is a common fear of failure. There are many people who in their quest for a home-based business opportunity try network marketing and fail at it. Without questioning why, they have just avoidedrepparttar 105666 industry ever since. Having ‘survived’repparttar 105667 industry for over 15 years I’ll like to share with you my #1 secret for making it big … really BIG in network marketing.

The secret is choosing a team with an experienced coach who will teach, guide and motivate you towards success.

Of course there are other factors such asrepparttar 105668 financial backing ofrepparttar 105669 company, timing,repparttar 105670 compensation plan and marketing a consumable product. But if you are not properly trained and motivated during those early months you are almost doomed to failure.

Just think about it, every professional business person or athlete has a coach. Why should it be different in network marketing? I wouldn’t have survived as a network marketer if it wasn’t forrepparttar 105671 gifted leaders that I was privileged to work under and to learn from.

There are many business owners who will invest over $50,000 in a franchise and still pay a business consultant a 5-figure retainer for advice so that their business succeeds. In network marketing, you can start your business for less than $500 and literally chooserepparttar 105672 coach or leader who will train you for FREE! Of course this will involve doing a little background check onrepparttar 105673 team leader you choose to work with but it’s time well spent.

Here are a few pointers that will help you when seeking outrepparttar 105674 ‘correct’ coach:

1. Make sure that he or she has a proven track record.

Just asrepparttar 105675 cream always floats torepparttar 105676 top ofrepparttar 105677 milk so a gifted leader will also prove his or her worth inrepparttar 105678 results produced. Generally speaking, you will not rise higher than your leader, so know how high you want to reach and find a coach who can get you there.

2. Go with someone who has been inrepparttar 105679 industry for many years.

Gaze up intorepparttar 105680 night sky and you’ll see an occasional shooting star. It burns bright and then disappears. This may be exciting to watch but only for a short moment. You want a leader who will be likerepparttar 105681 northern star—bright and steady. Those who are successful network marketers are people who stay forrepparttar 105682 long haul. Many people give up too quickly and never reaprepparttar 105683 harvest.

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