4 Money Saver Tips to Get the Most Out of Your Network Marketing Dollars

By William Winch
Every time you turn around these days, prices are going up and up. You can't even go into your favorite restaurant anymore without paying extra for a salad that used to come with your meal due to rising costs. The little things that used to be bring smiles to our faces are now considered luxuries, and unfortunately there doesn't seem to be any way around it.

Instead of thinking you need to do without the things you love in order to save money, perhaps it's time to change your way of thinking. Those of us who own a home-based business have more options than people who are stuck in dead end job without any way of making more money to help even out the balance.
Here are 4 Money Saver Tips to cut your home-based business costs while making more money in the process.

Money Saver Tips #1: Stop Attending Company Sponsored Trainings
The techniques that most companies teach their distributors at these events are for their benefit, not yours. It may be difficult to understand, but they want you to get their message out to the masses instead of just in front of your target audience. It took me 12 years to figure this one out, so I am living proof that it just does not work to grow a business.

With souring gas prices increasing every day, your money will be better spent on a telephone training system that helps you develop your prospecting and closing skillset, while focusing on proper marketing education. I found one that offered me my money back if it didn't work. My company never offered me that kind of guarantee.

Money Saver Tips #2: Work At Home, Not From Home
Isn't this why you went into business for yourself in the first place? If you have a telephone in your house, you don't ever have to go out to do business. The days of effectively putting out flyers on parked cars and bulletin boards, and talking to everyone you see in line at the bank, are long gone. Those techniques worked for distributors in companies 30 years ago. They just won't work today with so many other people offering opportunities.

In most places, the price of gas per gallon is over $4.25. Driving all over town to distribute expensive flyers all week long is just not an option anymore. One of the first things a network marketer must do is learn how to master the telephone. Focus on developing a script that reaches out to your target audience and have them come to you. Also, learn how to help them over the phone instead of wasting your time and money on outdated techniques like flyering. This could save you about $400 a month.

Money Saver Tips #3: Stop Buying Expensive Leads
This is the one that gets most people into serious financial debt for no good reason at all. If you've been in Network Marketing longer than a day you've probably encountered someone telling you to buy leads. They'll tell you the leads cost about $250 per slot (ranging from 10 to 125 leads per slot) , and you need at least 4 slots per month to generate a decent profit for a total of $1,000 a month.

If you have fallen for this gimmick, stop immediately! All leads stink, no matter if they cost $25 or $2. Leads are great for practicing your telephone script, but you should only expect your conversion rate to be about 10%. You can get leads on the internet yourself for pennies on the dollar. Don't let someone convince you to pay them $25 for something that costs 2 cents.

Money Saver Tips #4: Stop Following The Latest Fads To Generate Sales
Has anyone ever invited you to join their brand new system that is breaking all kinds of records and making everyone who signs up extremely rich overnight? This usually consists of a fancy website and support system you can buy with membership dues. Unfortunately, this is nothing more than a way for the person who set up the system to make supplemental income by draining your bank account.

Stay away from any program that cannot offer you a money back guarantee. There is an art and science to developing a website. You have to know what to put on it, and how to get your target audience in front of your message. Otherwise it's just a billboard floating in space with no way for people to see it. You don't need expensive leads to get them there either. There are free ways to generate traffic on the internet.

Take a look at the way you are doing business and you might find piles of cash being wasted every month. Wasted money quickly leads to bankruptcy and people blaming their companies for their own faults. Don't be part of the 96% drop out rate in network marketing. There is no better time than now to evaluate what you are doing and make smart changes to save money.

William Winch is a Certified Business Growth Specialist whose mission is teaching other struggling entrepreneurs how to expand and explode their home-based businesses without breaking the bank. A former High School and College Business Educator and Counselor, he mentors from his home office in Rochester, NY. If you are interested in receiving his FREE Power House Report For Network Marketers on how to explode and expand your home-based business, click on on FREE REPORT or by calling him directly at (585) 271-3767 for a free business consultation.
Article Source: http://EzineArticles.com/?expert=William_Winch