Oct 26, 2009

3 Critical Skills To Building a Profitable Long Term Home Based Business

In order to build a successful business there are 3 critical skills you must become an expert in. And before you think that it would take a long time to become an expert in any field, think again.

My definition of an expert is someone who is in the top 1% knowledge level of a particular subject.

OK, now on to the three critical skills you must know and master to build a successful business. They are sales, leadership, and communication.

Learning how to sell is the #1 ability of a successful business owner. Think about it everyday every single one of us is trying to sell something.

Whether we are trying to sell cars, our wife or husband into buying that house, or trying to sell your boss on a pay raise or promotion.

Those that learn how to sell will be the most successful in life. Remember this saying, "Before something can be bought it has to be sold."

Leadership is the second critical skill of an entrepreneur. Without you out in front of the pack promoting your home based business opportunity, investing the time training your team members on how to grow their home based business there is no business.

When they talk true leaders inspire the spirit. They move the person to grow and become better with each passing day. Businesses rise and fall based on their leadership.

Your either growing or spiraling downward. There is no in between. Your home business is either growing or dying. Whether it is booming or busting all hinges on your leadership ability.

Increase your leadership skills and you will become a home business success.

The third critical skill of an entrepreneur is their communication skill. We all communicate and talk to each other everyday through the exchange of ideas.

When presenting the product or business opportunity to a prospect how effectively you present the offer to them will determine the amount of money you make as well as how many prospects you recruit into your business.

Communication also involves marketing whether it be online or offline. If you don't place an ad in the right place with the right words you will end up wasting your hard earned money with zero results.

Believe it or not there are certain words in the English vocabulary that we can use to excite, entice, and lead a prospect to take immediate action such as critical, astounding, skyrocket, and explosive just to name a few.

Exciting, enticing words mixed in with a good sales message can and will increase your profits and recruits.

In conclusion, in order to build a long-term, profitable home based business the entrepeneur must become an expert in these 3 critical business building skills: sales, leadership, and communication.