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4 Things Your Competitors Can Teach You About Getting Financial Stability

  • By HODO Global
  • Published May 23, 2017
  • Tagged
hodo_blog_post5 (1)

Once you’ve started up a business, your work has only just begun. Now you need to keep it running even when turbulent financial times come. The longer you keep your company running, the more credibility you bring to it. Even if you make good profits from your sales, you still need to know how to manage those profits.

Stop and look around, think about your competitors that didn’t survive the entrepreneurship road. Well, many businesses don’t survive the test of time because, despite their founding entrepreneur’s visions, they never put their finances in order. Following these guidelines might help you to establish financial stability for your company and prevent you from going down the same path that led others to failure.

Think about your competitors that didn’t survive the entrepreneurship road.

Think about your competitors that didn’t survive the entrepreneurship road.

Budgeting Is A Must

As with anything in finances, you have to have a budget for your business. You have to know which operations, inventory and other aspects of your company are essential, and which ones simply add to your convenience. Entrepreneurship involves taking stock of your business regardless of its industry and making sure everything you invest in will yield returns either immediately or down the road.

Hiring Accountants Is Also A Must

Even if you run a small company, you should always have people handling your books who know what they’re doing. You have to make sure you have adequate funds to pay taxes, pay employees, cover benefits and even make new acquisitions and investments. You may be able to save money by either hiring an accounting firm or other outsourced means of accounting. Financial stability is always easier to achieve if you leave it up to the professionals to manage its important aspects.

You may be able to save money by either hiring an accounting firm or other outsourced means of accounting.

You may be able to save money by either hiring an accounting firm or other outsourced means of accounting.

Avoid Large Debt As Much As Possible

Running a company usually means you’re going to have to obtain financing or take out a loan at some point in its time. When you receive any loan whether it’s made from a bank or provided by venture capital investors, you need to know when it should be paid off and have a plan for doing so. Just as top entrepreneurs know, if you aren’t making profits in a particular area of your company, you should consider phasing out its operations instead of investing more into it and accruing more debt as you do so.

Use Marketing Wisely

Apart from managing your company’s debt wisely, good entrepreneurship is about marketing a company as cost-effectively as possible. Business marketing is a topic in and of itself, but different marketing avenues such as high definition video marketing, old-fashioned billboards, radio, and television are by far not the only means now. Social media and search engine marketing (SEM) are becoming bigger marketing disruptors and are one path to consider if you want to stay financially stable while still getting your brand name out there.

3 Things Everyone In Multi-Level Marketing Industry Should Be Doing

  • By HODO Global
  • Published May 18, 2017
  • Tagged
hodo_blog_post1 (1)

Anyone who is successful in the multi-level marketing world will tell you that the right toolset is important. Three things in the toolset for any successful entrepreneur are inside out product knowledge, enthusiasm for the company, and the willingness to meet new people to help them succeed.

Product Knowledge

No matter what you are selling as an entrepreneur, it’s essential to know all about all of the products that your company offers. You should actually try the merchandise so that you can speak from a place of confidence to not only friends and family, but to anyone you meet.

Multi-level marketing

Know all about the products from the company

Take advantage of training seminars and always be aware of new products or services offered by your company. Have samples on hand to test with your potential customers. Be sure also to keep your home well stocked with the products you are selling. If someone visits your home and sees that you don’t use these items yourself it will be harder to convince customers to buy what you are selling.

Enthusiasm for Your Company

When deciding which multi-level marketing company to join, make the best choice for you and your family. This means not only picking a product that you will actually like selling, but finding a company whose goals and policies are in line with your own. Not all opportunities for MLM entrepreneurship are alike, so do your homework beforehand. From your upline to your downline, you need to be personally invested in everyone’s success, including your own.

That means believing in what you are doing with your whole heart, whatever it takes. Keeping a positive attitude when you first start out on your own might be difficult, but if you use your upline as your role models for inspiration, you will learn that a positive attitude means positive results pretty soon.

Multi-level marketing

Be able to talk to anyone, anytime

Ability to Talk to Everyone

To be successful in any MLM, you need to be able and willing to talk to anyone, anywhere. You never know when a golden opportunity will present itself. Just because someone had a full-time job as your child’s teacher or your hair stylist, it doesn’t mean they might not be interested.

Many people start in MLM part-time. It may seem awkward at first, but once you practice speaking to strangers, you will find that many will become new friends. You will learn how to speak about what you do naturally, as easily as others talk about their job. Everyone is interested in other’s careers. Saying that you are in business for yourself always invites questions. Many people who have a job that they don’t enjoy will be particularly open to hearing about an opportunity for entrepreneurship.

4 Ways Connecting With The Right People Can Make You Invincible

  • By HODO Global
  • Published May 16, 2017
  • Tagged
hodo_blog_post5

Perhaps one of the greatest challenges of entrepreneurship is getting your company started and knowing how to market it. Another great challenge is getting the right connections and building relationships that grow your organization beyond the start-up point.

Business today really is about relationship building, and if you do not possess this skill, you should consider developing it. Networking for an entrepreneur is important in building their connections and gaining access to key players in their industry. Here are a few tips to help your network and to get more comfortable getting to know others.

Tips For Networking As An Entrepreneur

Get Social- Social Media has become the go-to resource for connecting entrepreneurs across many different industries. LinkedIn is the site for professionals to meet and collaborate. If you are not using this resource to connect with vital people in your industry, you are losing out.

Perhaps you know someone on LinkedIn who has a connection to someone you would like to meet. Use those connections to get to know that person and grow the relationship through mutual interests.

Connect with the right people: Get social

Connect with the right people: Get social

Attend Seminars or Conferences- Sometimes in entrepreneurship, you must pay to play. If someone that you would like to meet is conducting a seminar or conference and you must pay a small fee to participate and get to know them, this could be well worth your efforts and finances if it will help to make the connection with industry leaders and grow your organization.

You have access to top-level individuals in your industry, don’t be shy and introduce yourself and give them your card. These connections could very well prove to be valuable to you in the future.

Professional Organizations- Consider joining a professional organization to connect with the right individuals. Sometimes this could be the place that you meet that key person who can help your organization grow or give you valuable insight into your business.

Organizations such as these bring people in the same or a similar industry together from many different places and backgrounds. Use these resources to your advantage.

Join a professional organization

Join a professional organization

Stay In Touch- Once you have made a connection, stay in contact with them. Drop them a note on LinkedIn or give them a call. People like hearing from someone they have met in the industry. Not only call but also ask what you can do for that person without expecting anything in return.

This action can prove valuable to you as you help someone get what they want, they may eventually return the favor in the future.

You can use one or all of these tips to help you become successful in whatever endeavor you seek, just remember that it is about building relationships and nurturing them.

Why We Love Facing Obstacles In Business (And You Should, Too!)

  • By HODO Global
  • Published May 12, 2017
  • Tagged
facing obstacles in business

There are many different ways today’s businesses are succeeding at much greater rates than ever before. Perhaps one tool that many entrepreneurs have access to that is enabling them to reach out to a greater customer/client base than has ever been available before: the Internet.

In spite of there being quite a bit of competition in just about any business sector in today’s markets, it is very important for every entrepreneur to know that there is opportunity everywhere; however, it is going to be their responsibility to ensure that they are studying adequately to find exactly where those opportunities are.

Obstacles are meant to be overcome

Although there are many obstacles for every entrepreneur to overcome, a business must know that the statement, “where there is a will there is a way” is certainly true in this case. Obstacles are meant to be overcome, not stand in one’s way.

If you are planning to begin an entrepreneurial venture, then please do not hesitate to see what you can do to not only begin your business but also to sustain it. Sustaining a business is extremely important for any entrepreneur who is entering the market.

"Where there is a will, there is a way"

“Where there is a will, there is a way”

Study your market, your competitors and learn from their mistakes

If you are in the midst of deciding whether starting an entrepreneurial venture is going to be a good decision for you or not, please do not hesitate to look into some lessons and materials of guidance that could potentially help you. You may find that many of the lessons that are available today could potentially benefit you tremendously.

Although there are many courses and materials of guidance available for one to succeed in just about any competitive market, it is important to note that there will always be obstacles for anyone to overcome.

 

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Study your market and your competitors

If you are looking to enter a specific market, then it is highly recommended for you to specifically study it and decide whether the amount of competition that exists within it is going to be too unbearable to overcome. Every businessman or businesswoman will be under some sort of duress when operating in any market, as it is an inevitable aspect of the competition that exists.

Prepare yourself!

There may be many different reasons why someone may want to consider entering any particular market, such as them having the actual interest in it, or them wanting to make contributions, as opposed to wanting to make a profit.

Each person’s interests may contribute to their reasons for wanting to enter any particular market, and whichever their case may be, it is important for them to enter with preparation.

Let’s talk about using obstacles to RYZE above? Join us next Monday, 9 PM CTD: hodo.biz/webinars

Join our next #NeverBetter webinar!

Join our next #NeverBetter webinar!

TripSpin SNAP – Beta Launch

  • By HODO Global
  • Published February 9, 2017
  • Tagged
TRIPSPIN SNAP

We know you are are excited about SNAP (and you should be) BEFORE you start promoting SNAP by sharing your link, here are a few things you NEED to know.

#1 You must have an ACTIVE TripSpin subscription to share SNAP.

#2 Most of your questions will be answered on the SNAP FAQS page.

Log in to your TripSpin account and then click on the TripSpin SNAP image in your Dashboard or SNAP FAQ’s link.’s.

#3 This is EXTREMELY IMPORTANT!

You get credit for your customers travel only when they create a SNAP account through your personal SNAP signup page.

The link for your signup page looks like this:

yourinvitecode.tripspin.com/snap

Here’s how you can check to make sure you’re sending out YOUR link. When you go to your page you should see your name in the upper left hand corner check to make sure that you are using your invite code.

When you send a text/email or WhatsApp message using the HODO Connect APP your name will also appear in the upper left corner. Send a test message to yourself and click on the link and you’ll see your name.

#4 Start sharing your invite code today!

P.S –  TripSpin SNAP announcements made on our corp update webinar Weds, Feb 8th,

Deductr Is Here!!

  • By HODO Global
  • Published February 6, 2017
  • Tagged
hodo-flyer-deductr

Deductr is Here now!

Deductr is now available to all Hodo Global Partners.

A Welcome Email has been sent to you from the folks at Deductr.

Start tracking the dollars you spend and miles you drive to take full advantage of the tax benefits that go hand in hand with owning your own business.

Deductr turns the tedious hassle of keeping track of receipts, bank statements, and mileage logs and puts it on autopilot.

We wish you all the best in your Hodo Global business!

CLICK HERE to watch a short video to see what Deductr can do for you.

CLICK HERE for our new Deductr page under RESOURCES menu tab.

Get ready to start making money with HODO Global and keeping more of what you make with Deductr!

 

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Deductr Is Coming!!

  • By HODO Global
  • Published February 3, 2017
  • Tagged
hodo-flyer-deductr

Deductr is coming soon!

What happens when your HODO Global commission checks start rolling in?

The Tax Man starts taking interest in your business.

So it’s a good thing HODO Global has partnered with Deductr, the premier business expense, mileage, and time tracking system to help maximize your potential tax deductions and save you big time on your tax bill.

CLICK HERE to watch a short video to see what Deductr can do for you.

CLICK HERE for our new Deductr page under RESOURCES menu tab.

Get ready to start making money with HODO Global and keeping more of what you make with Deductr!

deductr-app-image

HODO The Path Kickoff Event Promo Details

  • By HODO Global
  • Published January 25, 2017
  • Tagged
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HODO The Path Kickoff Event Promo Details-

Top 10 Retailers of TripSpin Subscriptions

  • This promo is to honor the Top 10 SEP’s who sell the most TripSpin subscriptions starting January 1st and ending midnight, February 12th, 2017.
  • The winners of this promo will be invited to join the HODO Global Founders for dinner on Friday, February 24th, 2017 following the event activities (around 10:15 p.m). Each winner may bring one (1) guest with them to the dinner.
  • Dinner Location: TBA (It’s a Surprise!)
  • Transportation will be provided for all winners and their guests.

Find out more about THE PATH KICKOFF EVENT by Clicking Here.

Commission Pay-Out Instructions

  • By HODO Global
  • Published December 2, 2016
  • Tagged
commissions

3 simple steps to complete and receive your $$$$$

#1 – US Partners Only

Login to your back-office by Clicking Here.

If you have not already completed this step… when you log into your Back Office, there will be a message to submit your TAX info.

After you complete the required information, move to step #2

screen-shot-back-office

#2 US Partners AND International Partners

Important: You must set up your I-Payout account (including step 3 below) FIRST before you request any commission to be paid from your wallet.

If you earned commissions in your back office (this can be verified under the Administration Tab/ Manage Commission Payments), you will need to select I-Payout as your payment solution.

The I-payout button will only show if you earned commissions.

#3 US Partners AND International Partners

You will receive an email from I-Payout with instructions to finish setting up your account.

Here are Additional step-by-step instructions on how to receive your funds:

How To Set-Up Your Wallet Part ONE
How To Set-Up Your Wallet Part TWO

Refer 4 Pay-No-More

  • By HODO Global
  • Published December 2, 2016
  • Tagged
refer-4-pay-no-more

Here’s how you can SAVE even more $ with TripSpin! 

As a TripSpin™ Subscriber… refer just 4 TripSpin™ (Retail ONLY) subscribers and your monthly renewal is waived… that’s right… FREE! 

All you need to do is get qualified this month in December and starting next month in January, your $88.88 renewal is waived, as long as you have 4 active subscribers.

You can refer potential subscribers using your personalized URL which is your invitecode.tripspin.com 

Click here for more details ( hodo.biz/compensation-plan ).