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Classic Entrepreneur Traits : Do you need them in Network Marketing?


If you’re thinking about leaving your day job, setting off on your own and building an income as a network marketer– the question you should be asking yourself is; do I have the classic entrepreneur traits needed to succeed as a home based business owner?

In case you didn’t know..

Entrepreneurs are different from other people.

  • They think differently.
  • They act differently.
  • They have a different perspective on work, wealth and life in general.

Entrepreneurs will often see their efforts go unrewarded.

They will watch as their BIG idea gets washed up on the beach with all the other shipwrecks again. They will fail. Over and Over.

But every once in a while they will hit the jackpot.

Over time..

They will find a way to live life the way it should be lived — with passion, purpose and freedom!

If you’re an entrepreneur looking into network marketing for the first time, you might want to take a look at this post by my friend Ray Higdon.

Classic Entrepreneur Traits are Critical to Success

Network marketers are no different.

They dream BIG.

They fail FAST.

They stay FOCUSED on the end result.

At least those who are successful in building a walk away income from MLM do. And that’s what you want, right?

Of course you do!

Don’t we all dream of building a big downline and living off a residual income for the rest of our days?

Okay, wake up!

Here’s what it really takes to build an income as a network marketer;

  • TIME

These three things won’t guarantee your success in business — but they will give you an advantage over the majority of people trying to build a home based business. Understand that you need to stay the course and put in the time to build a big team and create a solid income. Know that without developing the right skills you will continue to struggle. Accept that to build a real business you must act like a real business owner — and that means investing into your business to help it grow.

So do you have what it takes?

Are you an entrepreneur at heart?

or do you avoid all risk and look for a safe, stable life working 9-5 for The Boss?

The Classic Entrepreneur Traits You Will Need To Succeed

Want to see how many of these entrepreneurial qualities you exhibit?

Let’s see…

  • Work Horses

Successful entrepreneurs are hard workers. In fact, some never retire because they simply can’t bring themselves to stop working. Home business owners need to wear many hats and be willing to pick up the slack in order to achieve success. If you are a couch potato or a strict 9-5 person, you may not cut it as a business owner.

  • Goal Setters

Successful people set firm goals – and write them down. Goal setting is a classic trait shared by almost every successful network marketer. Goals give you something to work towards, a sort of schedule for your achievements. Successful entrepreneurs are always reaching farther and pushing themselves on to their next milestone.

  • Know Strengths – And Weaknesses

Successful people know what they are good at – and they know what they aren’t good at. Knowing personal limitations is a key trait of successful people. An entrepreneur should know when to shelve his or her ego and learn a new skill or when to hire a person who already has that skill. In network marketing this is critical to your success!

  • Know When To Ask for Help

Along with knowing one’s personal limitations comes knowing when to ask for help. Ask yourself “what does an entrepreneur do when faced by challenges like those I have right now?”. Successful entrepreneurs know when to call in reinforcements. They also know the benefits of learning from those who came before them. If you quiz any successful person, they’ll probably tell you that they have had mentors along the way to help guide them toward success. They model their own habits off the habits of the successful people who came before them.

  • Business Experts

Business owners must know their business and they must know everything about it. If you want to be successful in the industry, be prepared to read everything you can on your business, attend trade shows and conferences, join professional organizations – whatever it takes to become (and stay) an expert in the field.

This also means knowing everything there is to know about your competition. What makes them successful? What are their weaknesses? In the business world, you cannot exist in a vacuum. You must always be learning, and you must always be an expert.

  • Money Managers

Successful entrepreneurs are good with money. They know how to budget, how to stick to a budget, and where every penny is coming from and where it is going. They know interest rates and how to manage lines of credit. Some people have a knack for this sort of thing, others need to work at this trait, but if you don’t learn the art of money management quickly, your MLM business could suffer.

If you find you exhibit some of these traits, but not all, this doesn’t mean you can’t run a successful home based business — it simply means you know what your limitations are.  This will help you to focus on your personal areas of development. Remember, it takes time, focus and long term vision to reach your goals!

By the way…

If you enjoyed reading the article sign up for our Micro-Course “The Coffee Money Guide to Online Success” and we’ll send you 10 short lessons to help you launch and grow your own business online.

Sign up below…and the first lesson will arrive in your inbox instantly!


Building Your Brand with Controversy


Building your brand with controversy can be a risky business. So before you dive feet first into a virtual fist-fight take a moment to consider your overall plan. After all, short term gains can often back-fire in the long term.

There’s no doubt about it, though, controversy attracts attention and can sell products and services.

Some business owners have built brands based on controversy.

They like to stir the pot, so to speak, and then they rake in the cash.

But is this the best approach for YOU and your network marketing business?

Let’s see..

“Building Your Brand By Being Controversial – The Ups and Downs”

There are definite downsides and upsides to taking this approach. If you’re striving to build a strong brand you may be considering controversy. Let’s take a look at the pros and the cons so you can make the best decision for you and your business.

  • What is Controversy?

Controversy is defined as a prolonged dispute or difference of opinion. Some examples of controversy include a nutrition blogger that attacks and challenges the FDA. Some personality brands built their image by attacking other leaders in their industry. For example, an MLM blogger might attack Randy Gage to stir up controversy and attract attention for their own brand website.

  • The Pros of Using Controversy to Build Your Business

The pros of using controversy are fairly straightforward. The biggest pro is that your content can go viral and you can most certainly attract awareness for your brand. You can increase the traffic to your website and grab attention from a large number of prospects. It’s also true that you may develop a connection with prospects that are attracted to controversy, and if your content is valuable (in addition to be controversial) then you can create a long term following.

  • The Cons of Using Controversy to Build Your Business

If not managed carefully, a controversial approach can create a very negative opinion of your brand and your business. Your reputation can be permanently scarred and you may attract followers and customers that you don’t really want to deal with. Additionally, being controversial with all of your content can be exhausting and difficult to maintain. It’s often easier to choose a brand that better fits your personality and voice – of course, if you like to stir up trouble and that is your personality then this isn’t a challenge for you.

  • The Key to Success is How You Approach It

Controversy doesn’t have to be negative. For example, Starbucks often stirs up controversy by taking strong stances on public policy. Their stances, however, are generally viewed as positive and supportive. If you choose to brand your business with controversy, be sure to create a comprehensive plan and outline of your brand’s message and voice. You can achieve success with controversy if you have a well thought out approach.

What do you think? Should you use controversy to build your brand and your business? Leave a comment below and feel free to share this post with your fans, friends and followers if it helped you in some way!

By the way…

If you enjoyed reading the article sign up for our Micro-Course “The Coffee Money Guide to Online Success” and we’ll send you 10 short lessons to help you launch and grow your own business online.

Sign up below…and the first lesson will arrive in your inbox instantly!


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