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SpinDistribute.com Article Directory

The following article was published in our article directory on September 17, 2012.
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Top Four Principles of Building a Profitable Residual Income Business

Article Category: Marketing

Author Name: Ernest Myles

Everyone needs guidelines in building a profitable residual income business. This is especially true of those who are just starting out in the industry. Everyone will need mentors, training, guidelines, and a little help when things aren't doing so well. This is why the following four principles will be of great worth to any entrepreneur willing to invest in what it takes to build a residual income on or off the internet.

Top Principle Number 1 – Find a Business/Network that Has Good Leadership

Industry leaders are usually made. Some may have been born with some sort of innate talent to help others achieve greater heights but most of the time people had to learn these things on their own. The same is true for any network marketing or online business endeavor. Each leader that marketers and business associates meet is a person who has been finely chiseled out by experience.

Online and Offline marketing leaders vary in leadership style and methodology. You can say that each person has a unique way of managing a team of talented entrepreneurs in the world of online and offline niche marketing. Although management styles do vary, one common thread that can be seen from such individuals is their ability to lead by example. They do not only lecture or share their experiences; they also take their team by the hand and show them what to do to succeed.

Top Principle Number 2 – Find a System/Team/Enterprise That Has Good Training

Plato once said that when people stop learning they also tend to stop being interesting. The same is true for any business enterprise especially in network marketing. At one point or another, entrepreneurs will find the things they do on a daily basis to be monotonous. They will find that there is also a pattern that you have to repeat in this industry.

This is one reason why a good enterprise should have continuous training. Those involved in pushing the business forward should be fed with new and exciting ideas not only to keep them motivated but also to keep them forever interested in a business that will continue to grow and change in the years to come.

Training forms the backbone of any business. Remember the rule: train first, motivate later. You can't motivate people and expect them to succeed if you did not provide adequate training. That's an important rule to live by in building a profitable residual income business.

Top Principle Number 3 – The Support System Should Never Fail

People in this industry will make mistakes and eventually need help. It doesn't matter whether it would be about gathering leads, transporting goods, or anything. What matters is that when people need help, there should be a team of like-minded people ready to lend a helping hand.

This should be one of the questions that anyone should ask in case they see a business presentation for the first time. A lot of people focus on profits and residual income to be made. However, a crucial thing to know about a company is the amount of support it can give during the rough times.

Top Principle Number 4 – A Community of Like-Minded Entrepreneurs

One of the secrets to any enterprise is a team of like-minded entrepreneurs that motivate and furnish others with fresh ideas. No one in this industry should tackle its ups and downs on their own. This is one of the lasting secrets to building a profitable residual income business.

Keywords: Building a profitable Network Marketing Business

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