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Make No Mistake About It Network Marketing Is A Business!

How fast your network marketing business grows depends a lot on how serious you see it as a business. If you were to start a traditional business with a capital of say, US$100,000, what would you do? You would indeed invest a lot of time and effort just to get it started. Drawing on my own IT System Integration business experience, you would be looking at the issues below, just to name a few:

- business model (retail, wholesale, products or services)

- business name (brainstorm for a relevant name)

- location (do I need walk in customers?)

- sales and marketing (how do I market? through advertisements, word of mouth, exhibitions?)

- accounts (who will keep my accounts and pay salaries?)

- human resources (who to employ and how to employ?)

- expected breakeven period (when do I start making money?)

- expected profit (what profit am I expecting in the long-term?)

You would be take the business very SERIOUSLY! You would prepare to work very hard, even sacrificing your weekends and Public Holidays, for perhaps the next 1 year or even longer, before your business takes off and becomes profitable. In other words, you will OPEN SHOP everyday!

In network marketing, many people do NOT treat their business as a business.

Why do I say that?

That’s because they don’t plan like they do in a traditional business. They have no goals, no strategies, no plans!

And worst still, they don’t take action!! That means, they do NOT open shop much, definitely NOT everyday like they would in a traditional business…

Network marketing is a Word-Of-Mouth referral business. It’s been around for more than 50 years!

So, to open shop everyday in network marketing simply means to share with someone everyday, be it your family, friends, business associates, etc. However, many people, after joining a network marketing company, don’t do that. They will share only if they feel like or when they happen to come across someone who’s interested.

Thus, it boils down to one thing – they do not take their network marketing business as a real business. And no wonder, their business don’t grow fast enough…and after a few short weeks or months, they’ll proclaim that this business cannot work :-)

Why so? Frankly, I believe that there are many factors that have to do with human psychology. But one reason I can think of is that because they start with such a small sum of money like a few hundred dollars in most opportunities, they can afford to lose it and therefore do not take their business seriously.

And guess what? These same people will move on to the next great opportunity as soon as it appears on the scene! Soon, these network marketing or MLM junkies will soon ruin their own credibility and reputation in their own circle of friends and contacts. Plus, each time they move to the next opportunity which they think is their “magic” pill, they are indeed uprooting all they have planted and then planting a new seed once again.

When you treat your network marketing business seriously, your business will surely grow over time! That’s the universal law of sowing and reaping.

Is it Wise to Invest in Distressed Commercial Properties?

The number of distressed commercial properties in the U.S. has risen in the past two years or so. With the huge amount of these properties available, investors will have no problem finding commercial structures that they can buy to launch a real estate venture. It is determining whether a certain commercial property is worth the investment or not that will really pose a problem, particularly to inexperienced investors.

Shopping for the Right Price

For an investor, office and apartment buildings and shopping centers can be good investment options. But first, they need to find properties like these that are priced below market value. Consulting online foreclosures listings, business newspapers and public notices will help.

The idea behind finding the lowest possible price is to be able to have spare money to spend on renovations since most of these properties would require repairs. For-rent buildings that do not offer enough revenue to owners or banks to cover operating expenses and debt are good options since owners would be more likely to sell it in a hurry and they would be more willing to accept a lower bid.

Financing Strategies

Investors who plan to buy distressed commercial properties should have enough equity to cover the down payment which ranges between 20 and 30 percent of the total selling price. If the property is bought through an auction, the buyer is required to have a check ready for the down payment the moment the property is declared sold. After that, the buyer will have 24 hours to come up with the money that will cover the total selling price. Needless to say, buying a building will not be like buying a house; the cost can reach millions of dollars, not just hundreds of thousands.

Other Concerns

Buyers should also be concerned about the condition of the property. When inspecting it, focus on the financial, structural and environmental issues that might pose problems later on. In addition, make sure that the city where the property is located allows alterations or upgrades. It would be prudent to learn the rules governing renovations at the particular city where the building is located since such regulations vary from one place to another.

Buying distressed commercial properties is more complicated and more expensive than buying distressed houses. Seeking legal and professional advice and planning ahead before making any purchase will go a long way towards a successful transaction.