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Finding the Best Home-Based Income Opportunity

As more and more people feel the economic crisis, many are looking for ways to make extra money. An increasing number are finding the solution to their problems with a home-based income opportunity.

Many people would love to earn money from home, but hesitate for several reasons. Anyone talking to a prospect about a home-based income opportunity should take these into account. Some believe such an opportunity would require a large investment. Others think it would take too much of their time. Some believe it would be too risky. Others just don't know how to begin.

The benefits of a home-based income opportunity are numerous. Your boss is you. The potential income is generally unlimited. You get to do what satisfies you. You get to pick your business partners. The hours are flexible. You save commuting time and money. Limited expenses increase profit. You can take numerous deductions off your income taxes.

There are even more advantages to starting a network marketing business as your home-based income opportunity. You can start such an endeavor for hundreds of dollars, while most businesses require much more. Training is inexpensive. Your company will handle most administrative issues. You can keep working at your existing job while you get your MLM business up and running.

The most favorable reason to start a network marketing business, however, is recurring income. Some call this royalty income or residual income. This happens when you can do something once and get paid for it over and over. Think of how great it would be to go to your mailbox and get a royalty check from work you did years ago in your home-based income opportunity.

Many people mistakenly think that such checks are reserved for famous musicians, actors, actresses and authors. In fact, network marketers get paid that way every week or every month. They did the work and their home-based income opportunity pays them again and again.

MLM companies account for more than $100 billion in sales around the globe. Most don't pay high-dollar celebrity endorsers. Instead they pay distributors who saw the company as a great home-based income opportunity.

Network marketing has gotten something of a bad rap over the years. Some don't even see it as a legitimate home-based income opportunity. This is due, in large part, to improper training given to reps in the field. Distributors are often taught sales techniques and closing methods, when instead MLM is a relationship-driven profession. Failed strategies taught network marketing as a numbers game, when it is instead a business of trust.

So what type of network marketing company would make the best home-based income opportunity? Successful MLM endeavors offer a turnkey system that the average distributor can successfully use. Such a system includes a strong method of lead generation, a way to follow-up with prospects, a method of sponsoring, and training that teaches everyone in the system how to make it work.

You can learn more about Steve DeVane at http://www.stevedevane.com. You can download a free copy of the classic e-book, Success in 10 Steps, at the http://www.lifechangingebook.com web site.

How To Build a Distribution Network For Your Residual Income Business

One of the biggest obstacles people face when trying to build their residual income business to produce home based income is building that distribution network.

It can sound like a daunting task until you realize again the genius of the home based income business structure: there are no employees or employers - or brokers and agents as in the previous home based income article example. Everyone is equal - both an agent and a broker at the same time, so-to-speak. They can be the leader of their own team while at the same time contributing to someone else's team. This means that everyone who gets involved got involved for the equal opportunity to be able to afford THEIR lifestyle and reach THEIR dreams and goals as it's a volunteer army. They can build THEIR OWN distribution network and in doing so, if that person is also a part of your distribution network, THEIR distribution network is also now a part of your now LARGER distribution network.

Compensation structures vary from company to company, but in essence, you are able to receive compensation from the distribution network of your distribution network - are you following me? Your network can just continue to grow exponentially from network to network - and that's how the residuals really start to add up.

Targeting the Right Prospects For A Residual Income Business

So you're simply looking for others with similar goals and dreams like you have - people who want more out of life and are willing to work in their spare time or around their schedule to create more for themselves and their family, which they can do with home based income.

And unfortunately, not everyone wants that, as silly as that may seem. In fact, that segment of the population you're looking for is only a small percentage (but even 1% of 6 billion people is still 60 million people - you just need a few who have a few who have a few), so you must specifically target your ideal audience, ie, those looking to create income from home to better their lives. Of course there's always exceptions but obviously you'll be received better from people who actually want what you have to offer (and to reiterate that's NOT your product, your residual income business opportunity is what you're offering if you're focus is on building a 6-figure or so home based income; the product is a side-benefit of the business).

Follow this logic: if you're looking for people who want to earn income from home with a residual income business, AND if the bigger your team grows the more leverage you'll have and the more home based income you'll be able to make, THEN you need to get your residual income business in front of as many people who are looking to make home based income to be able to maximize your earnings. Does that make sense?

Well, luckily, with the advent of the internet, people are searching online all the time about how to create home based income. There are companies out there who will find these people for you and sell you their information in the form of business opportunity leads or home based business leads. Now there are numerous companies out there selling these leads of all different types and you can spend as much as $10 or more per lead with some of these companies.

The Prospecting Skills Needed For A Residual Income Business

But one of the most important factors to your success in growing your team using purchased leads is the technique you use when you call. It is an art as much as it is a science.

Attempt to contact leads without this information at your PERIL.

To learn these techniques, download and listen to these powerful FREE audio trainings for FREE. These audios are so powerful in fact that, as you'll learn, a destitute and homeless woman in Hawaii, living out of her car with $2.03 to her name was able to turn her life around and earn her first million dollars just two years later.

Find out for yourself: download these 3 Home Based Income Training CDs FREE (while they're still available) to Develop the Skills To Create a 6-Figure Residual Income Business at the following site: Home Based Income Training