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1 Replies Last post: Dec 29, 2008 8:19 PM by LUCKIEST

Learn How To Build A Successful Home Based Business.Lesson#1

Dec 29, 2008 12:39 PM

Click to view johnnyjoy's profile Mogul johnnyjoy 20 posts since
Dec 7, 2008
End the Struggle: Follow a Formula that Gets a
Crowd of Customers & Prospects Coming to You
Lesson #1: Know Your Target Market First

We've introduced the importance of knowing your target market.

Now we're going to dig deep and prepare you to use this information to get your 'target market' coming to you in droves.

Let's recap the questions we must answer:

  1. "WHO is your target market?"

  1. "What kinds of things are they looking for, thinking about, and concerned about?"

  1. "What are their needs and some problems you can solve?"

Throughout most of the "7 Lessons" we'll be sharing how you can use
this information to attract the right people into your network
marketing opportunity.

But that's not all you can do with this information.

You can use this to attract prospects and customers to nearly any
type of product (real estate, health & wellness, coaching, legal
services, consulting, travel, postcards, dog beds, information
products, cosmetics, chocolate, financial services, etc).

The principles and formula are exactly the same no matter WHO you
are attracting or WHAT you're selling--whether it's vacuum cleaners or
an opportunity.

Attracting Prospects to You--Step-by-Step.

Let's look at the first question...

"Who IS your target market?"

I find it easier to make this clear if we use real examples.

Below we'll use an example of selling weight loss products.

Our goal would be to get people coming to us ready to buy (or purchasing on their own if we want to set it up that way).

In order to do this we have to know who in the heck we're selling to. We have to be able to 'relate' to our target market.

If we are talking about weight loss products you might say that the target market is "people who are overweight."

You wouldn't be wrong but we have to look at this under a magnifying glass.

First of all, there are actually several target markets to consider in this example.

You have to get to know each target market that you want to attract
(you don't have to attract them all--but you should consider many
possible target markets before you decide which ones you want to go
after).

You need to know their personal concerns, problems, fears... as well
as what they think about, talk about, dream about, and read about.

I want you to literally write some ideas down about your own target
market(s) while we go through this exercise. At the very least, think
about how this example below relates to your business.

You can't learn how to attract prospects until you know your target market intimately... so do this!

None of this is difficult. You just have to be willing to follow along and apply what you learn.

Three target markets who might be interested in buying weight loss products:

1. People who have purchased weight loss products before because it's likely they will buy similar products again.

That's a great target market. But we can't stop here... Remember?

Now we have to consider what they are feeling, thinking, and what their 'unique' problems may be.

For example, do you think they may be frustrated about all the
failures they've experienced trying previous weight loss products? You
better believe it! And if you're going to attract this group you
should try to relate to the pain they've experienced when they failed
before.

If you don't think about these sort of things, you can't understand
their personal needs and concerns (and you can't offer 'real' solutions
that will attract them). We'll teach you how to do ALL OF THIS in the
upcoming lessons.

But let's look at a couple more examples to get you clear on this first step...

2. You can also target parents with overweight children.

Do you think parents might have their own unique set of concerns
about their kid's weight problem that are different from the first
example above? Of course they do and you have to know what they are
before you can attract them to you.

3. You can also choose to target baby boomers battling with their weight.

Do you think they might have their own unique concerns? For
example, this group might be thinking a lot more about the immediate
health problems they're dealing with right now that are associated with
their weight.

Their pain might be the fear of a heart attack or losing their limbs
to diabetes. Maybe they just had grandkids and they are really
concerned about their health for the first time because they want
to live long enough to see their grandkids grow... you gotta' think
about what they are feeling because this is not about you it's about
them. You have to think about their reality.

This is the first step to knowing how to attract the right people to
you, which we'll be teaching you exactly how to do in the coming
lessons.

There is NOTHING all that complicated about any stage of this process, but it does require effort. And shouldn't it?

Regardless of what you're selling, I want you to start thinking about your target market(s) in this way from now on.

Coming up in Lessons 2-7, we'll go into much more detail about how
to use this information to literally get the right people coming to
you.

Whatever you do, never underestimate the critical importance of
knowing your specific target market(s), including all the different
groups who might be interested in what you have to offer.

This includes knowing what your target market is thinking about, reading about... and worried about.

You can't successfully attract people to you until you know what they want and need.

Remember, this is about them, not you!

In Lesson #2 we'll relate this entire discussion to attracting Network Marketing Prospects specifically.

There is a unique topic that we need to discuss when attracting
network marketing prospects because most people don't even know what it
is they're selling when they invite others onto their team.

No matter how hard you work you can't succeed at building a team in
network marketing if you don't learn what you're actually selling. You
can't be clear on who your target market is and what their needs are if
you don't know this.

Once we get this discussion out of the way we'll show you exactly
where you can go and what to do to apply this in the real world on the
Internet, in most cases without spending a dime... to get the
prospects coming to you.

Click to learn how to attract prospects to you <a href>http://johnnyjoy.marketingmerge.com</a>

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Aug 6, 2007
1. Re: Learn How To Build A Successful Home Based Business.Lesson#1 Dec 29, 2008 10:04 PM
How To Build A Successful Home Based Business

6 Steps to Small Business
Success


1. Start Smart
2. Plan Ahead
3. Set up Systems
4. Seek out
Sales
5. Aim for Growth
6. Leverage Opportunities

1. Start Smart.
Identify a niche. Don't compete to be the
lowest cost provider. Look
for what makes your product or service unique and
adds a special value
for the client and charge for that value. Every business
has many
facets. Start with what you know and like; start a business that
has
meaning to you. Keep in mind that we don't know what the future
holds,
many of the jobs and businesses of tomorrow don't exist today. You
can
create your own success.

Now is the time to dream. To start smart, you should like the idea
of
the business. The way to earn a good income and build wealth is
by
serving clients well, making their life better in some way-it's
more
than filling a need in the marketplace. To succeed you want to test
the
idea to make sure your potential clients like the idea too. Test
your
ideas.

2. Plan Ahead.
People often ask me why bother
with a business plan? Look at the
lottery as an example. You may get lucky
and get the winning ticket,
but the odds are against you when you rely on
random chance. I'm a risk
taker...but not that much, minimize the risk of
going into business and
maximize your potential for success. Take the time to
write a plan of
how you get from point A to point B. A plan gives you a clear
future
focus and increases your chances of success.

The first rule of a start-up is put some of your own money in
the
business. As the owner you must be willing to capitalize the
business.
The second rule is put as little of your own money as possible in
the
business. Prepare your plan and look for funding for your business
from
multiple sources, which can include a business loan or business line
of
credit.

Don't go it alone. Plan ahead now to build your team. Your team
may
include a CPA and an attorney that you work with as needed. Add
a
mentor from your industry and get a SCORE mentor to help you plan
for
success. No one has all the answers. You get more ideas and
information
by building a success, support team that can help you plan
ahead.

3. Set up Systems.
The most basic system every business
should have is a good financial
system. Ask yourself how am I going to
generate enough income to
support myself and my family. Begin here. Put
together a personal
budget, so you know what it costs you to live. Now, you
can move on to
the business budget and sales planning, so you can see how
many sales
you need to break even and make a profit. The start-up expense
plan,
operating budget and your accounting software are vital to
your
success.


4. Seek out Sales.
The daunting question is how do you go about
seeking out your first
sale. Recognize that since you don't have a big ad
budget to be seen by
everyone, you need to target a niche and get connected
in your market
community, be it local, regional or national. You need other
people
selling for you-not employees-goodwill referrals. Get out and talk
to
as many people as you can. Join organizations that would have
clients
for your product or service. Become a visible part of your market,
and
then ask for the sale. You begin the sales process with people that
you
know. Yes, it's okay to start with friends and family as your
first
customers, and then broaden from there.


5. Aim for Growth.
The basic tenant of creating a company is that
you own the company. You
are not just creating a job for yourself. It's less
risk and less
investment to get a job. Building a business is creating a
company that
is more than the job itself. Think about the future. How large
do you
want the company to be in terms of sales, net profit and
employees?
Your answer to each of these questions will influence how you
grow.
There are varying costs and profits associated with growth.
It's
important to make a deliberate choice early about how you want to
grow
your company.

6. Leverage Opportunities.
Good luck. Good fortune. Good
timing. All play a part in business. As a
business owner, be very clear about
your core focus for the business
and how it serves clients. Your core
business is what pays the bills.
Then, as an entrepreneur you are about
opportunity. When you see a
potential opportunity or stroke of luck measure
it against your core
business focus. Good fortune is great, when it matches
your vision for
the business. Always consider if a good opportunity is the
right fit
for your business. If something looks great, but it's not in sync
with
your long-term plan and budget, think carefully before committing
your
company's resources.