Budgeting Your Business Online, What You Need to Know

When it comes to budgeting your business online two things comes into play. You will either have time to run your business or you will have money. Most new business owners are getting in to this market to generate great income so these new owners are looking for free to low cost marketing methods. You will have to know which methods are going to give you the best conversions, and the best and fastest way to make sales.

Budgeting your business online does not mean you sign up for every email that comes into your inbox with the best way to generate leads. Make sure you opportunity has the resources needed for you to plug in to their methods that they have already tried and tested to be effective. Your time will be needed when generating these leads and should be exhausted on money making activities, not seeing if something works.

Your opportunity should have an office that has all the training on how to generate prospects while budgeting your business online. The stats should be clearly stated of visits to leads, leads to purchase, and purchases to members. That is what is called conversions. If you know this method and what it takes to get to those conversions, how could you not be generating the leads you need to take your business to the next level?

There are so many ways to run your business budgeting online. There are opportunities online that show you exactly how to do this and have proven results. Some of the free to low cost marketing methods are classifieds, videos, press releases, blogging, social sites, and so on and so on. I’ll just name a few. So many top earners in this business have started out using these same methods until they created a snow ball affect, and that’s when you can jump into marketing methods that you can leverage money for time.

Change Management Presentations – If You Have to Make Multiple Points Use This Structure

If you were to listen to the advice of most keynote speakers they’d say there there’s a simple recipe for making a presentation: make and point then tell a story.

But keynote speakers don’t have to make presentations that contain data or analysis. So what do you do if you have to present complex information or make multiple points for just one slide? When this happens you more than just simple advice, you need a system.

Probably like most of you I often have to do complex analysis. Sometimes it can involve gathering data over two or three different organisations. For example a few years ago I completed an analysis for a UK criminal justice system. I had to build a picture of how three different organisations worked together and problems that resulted from the interactions.

I had to explain the consequences of the following points.

1. Some police officers have to leave the scene of the crime without gathering all the statements
2. There are frequent late submission of police reports
3. There is a lack of clarity between prosecutors and police
4. There are poor arrangements in place for the provision of legal aid
5. There are often court cancellations due to lack of preparation (I actually had 10 points to make).

Here’s how I did it.

1. Soon after opening the presentation I explained that I had 10 key points to show them about the failure of the criminal justice system. I specifically mentioned the number of points so that the senior executives could track progress through the presentation.

2. I gave each point its own slide. And in-between the points I repeated the same slide which showed a blueprint of the system. This helped the audience to remember and understand how the whole thing knitted together. It also re-grabbed their attention by moving between the picture and the points.

3. After every point I reintroduced the blueprint but with a different part of the picture circled in red. This had the effect of:

a. Drawing attention to that part of the picture

b. Moving the executives mentally through the presentation and picture.

I recently met an executive who had been at the meeting. He mentioned how much he still remembered from the day and the simplicity of the structure I used. So here’s my advice to you, steal my system, use it and refine it. If you do you’ll get more than change from your presentations, you’ll get remembered.

Taking Your MLM Business Online

You’ve probably heard the saying “the more things change the more they stay the same”. I entered the game (network marketing) just as the internet was ramping up, about the same time you didn’t need to be a bodybuilder to hold a cell phone to your ear (remember the bricks of past years?). We were essentially told to write that proverbial names list (you’ve heard it – by 21 you know 2000 people… ) and start calling – did that ever work?

Not knowing much about the industry we simply used the products we purchased monthly and attended every training we could. We were lucky, we benefited from the products our company of choice produced so personal consumption was never an issue.

Like so many people we got no’s pretty well everywhere we turned but with sheer persistence eventually found and trained some great people and our business took off.

Fast forward 10 years it’s time to bring our MLM business online – why you may ask. Simple, while the essence of network marketing is the same, marketing methods evolve and change over time. One of the hallmarks of the 21st century is “You Inc”, or personal branding.

Thanks to the internet I’ve developed what I call a hybrid model, using the best offline MLM business strategies with online strategies. This means real approaches where I can send people to a web based presentation or do a one on one presentation if local, and attraction marketing through social media and content marketing to extend my reach.

Online is definitely a learned skill which for me at least has and is taking time but is absolutely worth it. “Brand you” will get you so far offline, and we have built teams in numerous countries just to prove the point, but online you’re only limited by your belief in yourself and the effort you put in.

Key lessons from my journey so far:

  • Pick the right guru (s) to follow
  • Throw some money at quality training, it speeds up the learning curve enormously
  • Invest in personal growth on a daily basis. Network marketing / internet marketing is often called a personal growth course wrapped in a compensation plan – your income grows as you grow
  • Have an advertising budget
  • Find your voice – don’t give your voice to someone else. Sure you can outsource your content (assuming content marketing is part of your strategy) to oDesk and the like, but rolling up your sleeves and creating your own content gives you authenticity
  • Be patient – it takes time but it does take
  • Have a daily plan of action – social marketing can drain your time. Never forget it’s only part of the answer, you still need to daily prospect
  • Find a company to align yourself with that supports online marketing as part of the mix
  • Don’t be afraid to look outside your company for the training you need
  • Persistence – stick with it. Seriously, if there is one skill that trumps all others this has to be it