• Section: Money Guide - Category: Home Business
• Written by William Winch

Keeping track of your data is absolutely necessary in order to massively grow a home-based network marketing business. I know from experience that skipping over this daily task will keep you in the constant activity of treading water. You have no idea how much money you have spent, what works, what does not work, and most importantly, what you need to do to change what is not working.

Not only will tracking your data save you countless hours, tons of energy and money you do not need to spend, it will act as a roadmap to success for you to easily follow. Here are 4 reasons why.

1. Provides A Snapshot Of Your Business
When you become the owner of your own home-based business, you have to learn to wear many different hats. You can no longer rely on your boss to tell you what to do, so you have to be your own boss. This means you have to force yourself to keep track of every aspect of your business if you want it to succeed. This will provide you with an over

all snapshot of what works and what doesn't work as you design your plan of action. When you see all of your efforts in front of you on paper, it's easy to track your progress and follow any kind of track you may be on...whether it's good or bad.

For example, I kept guages of an online business plan that I joined. I tracked how much money I was spending, how much money I was making, how many people I was recruiting, etc. What I found was a loss of $500 after 3 whole months following a plan designed by someone else, and they wanted me to "keep going" with it. I don't know about you, but I couldn't see myself being out $2,000 by the years' end, so I quit the system. It was that set of guages that pushed me to seek not just another program, but one that would actually guarantee a profit or my money back. Now my new set of guages show a continuous profit, and I would never have had found it without keeping track of every aspect of my business.

2. Pinpoints Your Strengths
Keeping track of what works for you is how you find the techniques that will make your business move in the right direction. Everyone has different strengths, so what works for one person might not work for another. That is why it is so important not to pull you hair out in frustration when someone says they made a huge profit from hosting a home party, while your house is always empty. (Not that anyone has ever become rich from holding home parties, but you get my drift.) Knowing what you do specifically is important because you ultimately want to work from home in your own special way. If you blindly follow other people and what works for them, you might as well go punch a time clock somewhere else and be an employee.

Keeping track of your strengths and what works for you is important because you can narrow them down to the point where eventually all you are doing is what works for you. It takes time and affort to get to this point, but when you begin with proper education on proven techniques (not taught by most network marketing companies), the process becomes even more powerful. Can you imagine waking up in the morning knowing that all you have to do is spend a few hours working a plan that you yourself designed that will allow you to profit a couple thousand dollars before it's even time for lunch? It's only possible when you keep track of your strengths.

3. Pinpoints Your Weaknesses
Knowing what you are doing wrong is just as important as knowing what you are doing right. Success is a pathway paved from the cobblestones of failure. You simply can not try new things without failing, so why not keep track of your failures and learn from them? Think of the great list of failures you could have to repeatedly look at to remind yourself of what doesn't work. Your focus will automatically turn to what works. When you spend the majority of your time on what works (based on knowing what doesn't work), you will have found success.

I personally spent many years placing flyers on car windows, hanging signs at every intersectio

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