Successful network marketing works on the simple formula given below:
A. Number of MLM LEADS you can generate.
B. Number of MLM LEADS you can CONVERT into your team.
C. Quality of network marketing training/ mentoring you can give to your TEAM members regarding the product, business systems and promotion. This will start the DUPLICATION process.
D. Help new member to be in profit within the shortest possible time to help increase retention rate.
E. Develop leadership within the team.
These are five essential steps to your success in network marketing. Most people struggle because they do not understand the five steps clearly. Through proper training process if you can learn how to improve on your performance by simple 20% in each of these five areas your business will not grow by just 20% but will explode exponentially. People suffer in this business because of ignorance. If you are teachable and learn a few simple things then you have a huge advantage over a normal network marketer. Your success is guaranteed.
You have to learn the advantage and disadvantages of warm market as opposed to cold market leads. There are separate sets of skills that are required to generate leads from different sources. Lead generation can be a very time consuming or expensive business. This is the starting point of your MLM business and the skill has to be mastered.
To improve conversion rate of leads into sponsorships depends directly upon your belief system in your product, compensation plan, integrity of your company and the network marketing as a concept of wealth creation. In addition you have to understand what really makes people tick … what motivates them … why they make the choices they make. You have to understand the inner motives, desires and dreams of people. Once you understand these you will be able to convert people to your cause.
To Improve your duplication process you have to keep it very simple and teachable. You will need to teach a tested, proven, duplication system that ordinary folks can understand. So whatever you practice and teach must be simple enough for ordinary people to duplicate. Otherwise you will never be able to leverage your time and effort.
It is your responsibility to get your team members into profit as soon as possible. They are in it for making money. Make sure they understand they have to spend some money to become successful. You must also educate them on cash flow and break even analysis. When you help them make money, they will help YOU make money!
Lastly you must develop leadership within your team. The most important aspect is marketing training. Most network marketers fail because they do not understand marketing and cannot provide leadership to their team to help them market their business. Once you can add this value to your leadership you will start attracting the right kind of people who will explode your network.
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
Sunday, November 23, 2008
NETWORK MARKETING LEADS – Warm Market Vs Cold Market Leads
Leads are the life blood of your network marketing business. Without leads you are nowhere. There are two distinct schools of thought here. The warm market leads and MLM leads generated through advertising. Let us examine them at some length because this is very important.
NETWORK MARKETING - WARM LEADS
There are very successful network marketers who have built huge businesses only through warm market leads. Warm market leads have some distinct advantages. Firstly there is already an ongoing relationship of trust. Network marketing is a relationship business. To succeed you have to build a special relationship of trust with the person you sponsor. In the case of warm market leads this relationship already exists and makes your job easier. Secondly it is easier to share your excitement about a product, service or business with someone you already know than with a total stranger. This transference of excitement and sharing of joy is very important in building your network marketing business. Network marketing works on recommendation and the person who will listen to your recommendation is someone who already knows and trusts you. Lastly and most importantly your warm network market leads don’t cost you a dime. Advertising can be very expensive and you can max out your credit cards and still not reach your target audience.
The problem with warm network market leads is the poor conversion rate. This is because you are talking with leads that are not looking for a business opportunity. For most of these leads timing may not be right. Some may be going through change of jobs, transfers, shift of residence, new arrivals in the family and all kinds of other family issues. A NO from your dear ones can hurt and feel like a rejection. The NO can spring from lots of reasons totally unrelated to the business opportunity and it is definitely not a rejection of you as a person as long as you don’t pester them and make them feel uncomfortable. You have every right to share your enthusiasm for a product and an idea. If they are closed to your idea there is nothing to feel upset about. Network marketing has been given a bad name by some people who will not take a NO for an answer. They will badger their contacts with the hope of wearing them down and change their minds. Please remember everyone will not be as excited about the opportunity as you are because the timing may not right for them. You discuss the opportunity with the next person in the list. That is why they say you should make a very long list. A sort list will create problem. As you start making money and your belief in the business goes up you will find a sudden change in the attitude of your warm market. You will find very easy converts to your cause. People who initially said NO will ask you to join the business. This is how the business works. You have to remain calm, consistent and focused regardless of views of your warm market in the initial stages of your business. DO NOT TRY AND CONVINCE…….JUST SHOW THE OPPORTUNITY TO MAXIMUM NUMBER OF PEOPLE YOU KNOW. You will win if you take MASSIVE, CONSISTENT and PERSISTENT ACTION
The key to succeed with your WARM MARKET LEADS is to start them on the products, and not pitch the opportunity to them straight away! Once you get your family and friends started on the products (It doesn’t cost you that much considering that you can claim tax breaks) and once they see results from it, they will start buying and promoting the products to the people around them because of the benefit they experience! Some may even decide to join the business opportunity!
You can never run out of warm leads. Once you have sponsored a few people into the business you have to start supporting them and work through their leads. Sooner than later you will find active network marketers who share the same vision as you and your business starts growing.
COLD NETWORK MARKET LEADS THROUGH ADVERTISEMENTS
The MLM leads you generate through online and offline advertisement are highly motivated leads. These people are searching for home businesses. They will look at various options before deciding on the best opportunity. The conversion rates from these leads can be fairly high. You can build your business very rapidly through advertising. The best part being that there is very little or no rejection factor as in the case of warm leads.
One thing I can warn you from the very start NEVER EVER BUY LEADS because these leads are sold over and over again. The only thing you will achieve is to pay for these expensive leads with no returns to your business. To be successful in business you have to generate your own leads. There are no SHORT CUTS.
The problem of network market leads through advertising is not only the prohibitive cost but also skills needed to reach the target audience. If you choose the advertising route you will be competing for attention against big companies and budgets for attention. If your advertisements are not focused and targeted they will not reach the right people. Either you have to become a master at marketing which include developing advertisement writing skills, knowing the right medium to advertise to gain maximum impact and also know how to monitor the cost returns on advertising. Without proper monitoring systems in place you will blow up your budget without any tangible returns. If you are advertising on the internet then you have to develop special skills to market on the internet. Most average people do not have the necessary skills to advertise effectively and if you are one of them then you can spend thousands of dollars and achieve very little or no results. There are unscrupulous upline leaders who will ask their members to embark on expensive advertising to grow their business even when they don’t have the specialized knowledge to guide their team.
There are also advertisement sharks especially on the internet that try and sell you leads and many other fancy gadgets like ad blasters, blog blasters, banners etc which produce little or no results…….the only aim being to empty your wallet. Can you remember the last time you clicked on a banner? The other option is to hire a professional to do the job for you and monitor his results. In both cases advertisement can be very cost prohibitive until and unless you have the necessary skills or very deep pockets.
Another problem with generating MLM leads through advertisements is that there is no relationship with the lead. To succeed you have to build a relationship of trust. This takes time and effort. The problem is compounded because the leads that you generate may not be from your local area. You have to set up systems for long distance support by taking advantage of modern day communications. The support systems have to go in place before you start to advertise. You will need to budget the additional website and communication costs.
There is no doubt that advertisement can greatly help your business to grow rapidly but you have to master the art to succeed. If you are a beginner it is advisable to stick to the warm market leads till such time you reach breakeven point in your business and are in profit. You can then slowly start advertising at first by using free resources. There are various avenues of free advertising and we shall discuss some of them later in this book. As your income from business grows and skills improve you can slowly start experimenting with paid advertising. But remember every dollar you spend on advertising must be monitored and should have positive result in building your business or you are simply wasting money.
For someone new to the network marketing business the best option is to first work with the warm market leads. Next step is to generate leads by adverting through FREE resources. Paid advertising should be attempted after having gained the necessary skills, setting up the organization for long distance support and once the business is in profit. The only exception to this rule is if you already have the expertise in advertising or have deep pockets to hire an expert.
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
NETWORK MARKETING - WARM LEADS
There are very successful network marketers who have built huge businesses only through warm market leads. Warm market leads have some distinct advantages. Firstly there is already an ongoing relationship of trust. Network marketing is a relationship business. To succeed you have to build a special relationship of trust with the person you sponsor. In the case of warm market leads this relationship already exists and makes your job easier. Secondly it is easier to share your excitement about a product, service or business with someone you already know than with a total stranger. This transference of excitement and sharing of joy is very important in building your network marketing business. Network marketing works on recommendation and the person who will listen to your recommendation is someone who already knows and trusts you. Lastly and most importantly your warm network market leads don’t cost you a dime. Advertising can be very expensive and you can max out your credit cards and still not reach your target audience.
The problem with warm network market leads is the poor conversion rate. This is because you are talking with leads that are not looking for a business opportunity. For most of these leads timing may not be right. Some may be going through change of jobs, transfers, shift of residence, new arrivals in the family and all kinds of other family issues. A NO from your dear ones can hurt and feel like a rejection. The NO can spring from lots of reasons totally unrelated to the business opportunity and it is definitely not a rejection of you as a person as long as you don’t pester them and make them feel uncomfortable. You have every right to share your enthusiasm for a product and an idea. If they are closed to your idea there is nothing to feel upset about. Network marketing has been given a bad name by some people who will not take a NO for an answer. They will badger their contacts with the hope of wearing them down and change their minds. Please remember everyone will not be as excited about the opportunity as you are because the timing may not right for them. You discuss the opportunity with the next person in the list. That is why they say you should make a very long list. A sort list will create problem. As you start making money and your belief in the business goes up you will find a sudden change in the attitude of your warm market. You will find very easy converts to your cause. People who initially said NO will ask you to join the business. This is how the business works. You have to remain calm, consistent and focused regardless of views of your warm market in the initial stages of your business. DO NOT TRY AND CONVINCE…….JUST SHOW THE OPPORTUNITY TO MAXIMUM NUMBER OF PEOPLE YOU KNOW. You will win if you take MASSIVE, CONSISTENT and PERSISTENT ACTION
The key to succeed with your WARM MARKET LEADS is to start them on the products, and not pitch the opportunity to them straight away! Once you get your family and friends started on the products (It doesn’t cost you that much considering that you can claim tax breaks) and once they see results from it, they will start buying and promoting the products to the people around them because of the benefit they experience! Some may even decide to join the business opportunity!
You can never run out of warm leads. Once you have sponsored a few people into the business you have to start supporting them and work through their leads. Sooner than later you will find active network marketers who share the same vision as you and your business starts growing.
COLD NETWORK MARKET LEADS THROUGH ADVERTISEMENTS
The MLM leads you generate through online and offline advertisement are highly motivated leads. These people are searching for home businesses. They will look at various options before deciding on the best opportunity. The conversion rates from these leads can be fairly high. You can build your business very rapidly through advertising. The best part being that there is very little or no rejection factor as in the case of warm leads.
One thing I can warn you from the very start NEVER EVER BUY LEADS because these leads are sold over and over again. The only thing you will achieve is to pay for these expensive leads with no returns to your business. To be successful in business you have to generate your own leads. There are no SHORT CUTS.
The problem of network market leads through advertising is not only the prohibitive cost but also skills needed to reach the target audience. If you choose the advertising route you will be competing for attention against big companies and budgets for attention. If your advertisements are not focused and targeted they will not reach the right people. Either you have to become a master at marketing which include developing advertisement writing skills, knowing the right medium to advertise to gain maximum impact and also know how to monitor the cost returns on advertising. Without proper monitoring systems in place you will blow up your budget without any tangible returns. If you are advertising on the internet then you have to develop special skills to market on the internet. Most average people do not have the necessary skills to advertise effectively and if you are one of them then you can spend thousands of dollars and achieve very little or no results. There are unscrupulous upline leaders who will ask their members to embark on expensive advertising to grow their business even when they don’t have the specialized knowledge to guide their team.
There are also advertisement sharks especially on the internet that try and sell you leads and many other fancy gadgets like ad blasters, blog blasters, banners etc which produce little or no results…….the only aim being to empty your wallet. Can you remember the last time you clicked on a banner? The other option is to hire a professional to do the job for you and monitor his results. In both cases advertisement can be very cost prohibitive until and unless you have the necessary skills or very deep pockets.
Another problem with generating MLM leads through advertisements is that there is no relationship with the lead. To succeed you have to build a relationship of trust. This takes time and effort. The problem is compounded because the leads that you generate may not be from your local area. You have to set up systems for long distance support by taking advantage of modern day communications. The support systems have to go in place before you start to advertise. You will need to budget the additional website and communication costs.
There is no doubt that advertisement can greatly help your business to grow rapidly but you have to master the art to succeed. If you are a beginner it is advisable to stick to the warm market leads till such time you reach breakeven point in your business and are in profit. You can then slowly start advertising at first by using free resources. There are various avenues of free advertising and we shall discuss some of them later in this book. As your income from business grows and skills improve you can slowly start experimenting with paid advertising. But remember every dollar you spend on advertising must be monitored and should have positive result in building your business or you are simply wasting money.
For someone new to the network marketing business the best option is to first work with the warm market leads. Next step is to generate leads by adverting through FREE resources. Paid advertising should be attempted after having gained the necessary skills, setting up the organization for long distance support and once the business is in profit. The only exception to this rule is if you already have the expertise in advertising or have deep pockets to hire an expert.
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
NETWORK MARKETING TIP - HOW TO LEVERAGE YOUR TIME, EFFORT AND MONEY
Every network marketing company boasts of a compensation plan that creates passive income through leverage. Yet majority of people who join the business fail because they do not understand how leveraging works. Most people fail because their focus is on Recruit, Recruit, Recruit, numbers, numbers, numbers……it is a race against time and others to recruit before someone else does. Now you have hundreds of recruits who don’t know where they are going. You don’t have time either to build relationships or train so many of them. They are left helpless on their own. They start dropping out in hoards. You are back again Recruit, Recruit, Recruit……… This is definitely not leveraging your time or effort.
There are marketers who can recruit dozens, even hundreds, of people through the motivation of greed. But when it comes to something sensible and worthwhile, they shy away from becoming involved. This is because they think network market is just a numbers game. They tell their new recruits that they will have spill overs in their downline. That there is no work involved. Lies, Lies, Lies and more Lies……..With this kind of thinking they will attract recruiters who think the same way. No wonder a culture of ‘no work’ sets into the organization and the network collapses. They are now back to Recruit, Recruit, Recruit through more greed and lies.
If you have to leverage then you have to Sponsor, Sponsor, Sponsor……. and …. Retain, Retain, Retain…….. There is a BIG difference between a recruiter and a person who sponsors. A recruiter is interested only in numbers. The sponsor on the other hand takes upon himself the responsibility for the growth and the welfare of the person he has sponsored.
PEOPLE WHO TREAT THEIR NETWORK AS NUMBERS NEVER SUCCEED IN THIS BUSINESS. TO SUCCEED YOU HAVE TO REMEMBER YOUR NETWORK CONSISTS OF HUMAN BEINGS WHO HAVE HOPES, DREAMS AND DESIRES. THEY HAVE INADQUACIES, PROBLEMS AND FINANCIAL NEEDS. THEY NEED YOUR HELP TO SUCCEED. IF YOU ARE WILLING TO COACH AND HELP THEM WITH A SERVANT’S HEART THEY WILL DELIVER RESULTS BEYOND YOUR WILDEST DREAMS
What is the best way to develop a solid marketing force that never leaves your network? Sponsor a few key people at a time. Give them your full time and support. Build relationships. Help them to succeed in the business and train them to do the same. You have to build your network market on the right principles to succeed. There are no short cuts. Are you willing to take the responsibility to becoming a sponsor? If so then please read on……..
There are people who will tell you “Just recruit a lot of distributors. You’ll get at least a few good ones that way.” Few leaders will emerge along the way and your work is done. You can then have all the passive income you need. Leaders don’t emerge in business. You have to find talent and develop them. Once in a while you can get lucky but that does not happen very often. You can’t leave your business to chance if you wish to succeed.
The bottom line: Leverage is mandatory for wealth creation, and you will NOT become wealthy without it. You are either exercising the power of leverage for yourself, or you are serving as leverage for someone else, and building their wealth for them.
To apply leverage you have to find a network marketing company that has a very strong training and personal development program. Please also look at the credentials of the person who wishes to sponsor you. Is he committed to your success? Does your upline have requisite support systems for your training and success? Avoid network marketing companies that boast of automated recruiting system to increase numbers. You never build a network by merely having a recruiting system. Your network will collapse. To increase retention you have to have a proper support organization and training that builds relationships. Do not join a company that focuses on recruiting and numbers.
Next important thing is that people must see value in the product. Many network marketing companies fail because they do not have a product that can sustain the business. You can’t fool all people at all times. Network marketing is a relationship business that is built on good faith and recommendation. You just cannot build a strong belief system based on a weak product. The product has to sells itself because of its intrinsic value only then the retention rate of distributors in the business will increase. Leverage can work only when retention rates are high.
Lastly and most importantly people want a fair compensation for their effort in the business. There are network marketing companies that distribute only 10% to 30% of the total revenue to the distributors. An outstanding company is the one which is committed to distributing over 50% of the Group Volume (GV) to its distributors. People will stay in the business if they make money. Some compensation plans are heavily loaded in favor of the ‘heavy hitters’ or the people who reach higher levels in the business. These plans do not adequately compensate the new distributors for their effort in the business. This results in new distributors getting disillusioned and dropping out. This is very bad for the business. For leveraging to work retention is the golden key. To succeed in network marketing the business model or the compensation plan has to work correctly. Initial cost of joining the business, risk involved, return on investment (ROI) and the breakeven point have to be properly balanced out. The new distributors will stay in business if they can recoup their initial investment in the shortest possible time and start making profit from the business. The plan has not only to be generous but also very equitable and rewards those who put effort into their business. If the new distributors can recoup their initial investment and can be in profit within few weeks of joining the business, they will not leave the business. This makes great business sense because the retention levels will be very high and the leveraging power of the business will kicks in.
Leveraging which is the basic principle behind network marketing can work only if the network you create has the power not only to sustain itself through high retention rate but also to expand itself exponentially once it is created and set up correctly. This can happen if there are right kind of training and support systems, belief in the quality of the product and a fair, equitable and generous compensation plan in which new distributors can start earning money in the shortest possible time.
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
There are marketers who can recruit dozens, even hundreds, of people through the motivation of greed. But when it comes to something sensible and worthwhile, they shy away from becoming involved. This is because they think network market is just a numbers game. They tell their new recruits that they will have spill overs in their downline. That there is no work involved. Lies, Lies, Lies and more Lies……..With this kind of thinking they will attract recruiters who think the same way. No wonder a culture of ‘no work’ sets into the organization and the network collapses. They are now back to Recruit, Recruit, Recruit through more greed and lies.
If you have to leverage then you have to Sponsor, Sponsor, Sponsor……. and …. Retain, Retain, Retain…….. There is a BIG difference between a recruiter and a person who sponsors. A recruiter is interested only in numbers. The sponsor on the other hand takes upon himself the responsibility for the growth and the welfare of the person he has sponsored.
PEOPLE WHO TREAT THEIR NETWORK AS NUMBERS NEVER SUCCEED IN THIS BUSINESS. TO SUCCEED YOU HAVE TO REMEMBER YOUR NETWORK CONSISTS OF HUMAN BEINGS WHO HAVE HOPES, DREAMS AND DESIRES. THEY HAVE INADQUACIES, PROBLEMS AND FINANCIAL NEEDS. THEY NEED YOUR HELP TO SUCCEED. IF YOU ARE WILLING TO COACH AND HELP THEM WITH A SERVANT’S HEART THEY WILL DELIVER RESULTS BEYOND YOUR WILDEST DREAMS
What is the best way to develop a solid marketing force that never leaves your network? Sponsor a few key people at a time. Give them your full time and support. Build relationships. Help them to succeed in the business and train them to do the same. You have to build your network market on the right principles to succeed. There are no short cuts. Are you willing to take the responsibility to becoming a sponsor? If so then please read on……..
There are people who will tell you “Just recruit a lot of distributors. You’ll get at least a few good ones that way.” Few leaders will emerge along the way and your work is done. You can then have all the passive income you need. Leaders don’t emerge in business. You have to find talent and develop them. Once in a while you can get lucky but that does not happen very often. You can’t leave your business to chance if you wish to succeed.
The bottom line: Leverage is mandatory for wealth creation, and you will NOT become wealthy without it. You are either exercising the power of leverage for yourself, or you are serving as leverage for someone else, and building their wealth for them.
To apply leverage you have to find a network marketing company that has a very strong training and personal development program. Please also look at the credentials of the person who wishes to sponsor you. Is he committed to your success? Does your upline have requisite support systems for your training and success? Avoid network marketing companies that boast of automated recruiting system to increase numbers. You never build a network by merely having a recruiting system. Your network will collapse. To increase retention you have to have a proper support organization and training that builds relationships. Do not join a company that focuses on recruiting and numbers.
Next important thing is that people must see value in the product. Many network marketing companies fail because they do not have a product that can sustain the business. You can’t fool all people at all times. Network marketing is a relationship business that is built on good faith and recommendation. You just cannot build a strong belief system based on a weak product. The product has to sells itself because of its intrinsic value only then the retention rate of distributors in the business will increase. Leverage can work only when retention rates are high.
Lastly and most importantly people want a fair compensation for their effort in the business. There are network marketing companies that distribute only 10% to 30% of the total revenue to the distributors. An outstanding company is the one which is committed to distributing over 50% of the Group Volume (GV) to its distributors. People will stay in the business if they make money. Some compensation plans are heavily loaded in favor of the ‘heavy hitters’ or the people who reach higher levels in the business. These plans do not adequately compensate the new distributors for their effort in the business. This results in new distributors getting disillusioned and dropping out. This is very bad for the business. For leveraging to work retention is the golden key. To succeed in network marketing the business model or the compensation plan has to work correctly. Initial cost of joining the business, risk involved, return on investment (ROI) and the breakeven point have to be properly balanced out. The new distributors will stay in business if they can recoup their initial investment in the shortest possible time and start making profit from the business. The plan has not only to be generous but also very equitable and rewards those who put effort into their business. If the new distributors can recoup their initial investment and can be in profit within few weeks of joining the business, they will not leave the business. This makes great business sense because the retention levels will be very high and the leveraging power of the business will kicks in.
Leveraging which is the basic principle behind network marketing can work only if the network you create has the power not only to sustain itself through high retention rate but also to expand itself exponentially once it is created and set up correctly. This can happen if there are right kind of training and support systems, belief in the quality of the product and a fair, equitable and generous compensation plan in which new distributors can start earning money in the shortest possible time.
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
NETWORK MARKETING SUCCESS = CHOOSE THE RIGHT MLM OPPORTUNITY
Majority of people choose an MLM opportunity without any research. This is because you are approached by a family or friend about a business opportunity and you join because of your love and trust in the relationship. In 99% of the cases the person who is sponsoring you has done no due diligence regarding the company. It is like blind pushing the blind. The result is invariably a catastrophe. Please remember what you are getting into is a business. It is about money. It is about your time, effort and sweat. It is about your future and the future of your loved ones. It depends upon the quality of your decision. So please choose carefully and intelligently. Some of the important factors in choosing the company are:
A. The company must have the right management, experience and integrity. It is always people behind the company who are the wealth creators. If the management is weak or lacks integrity, the business will fail. So when you decide to join a network marketing company do some research on the people behind the company? The management must have the experience to take the company to a new level as the business grows. They must have the ability to guide the company during hard times. If the company fails to adapt and survive the changing times and economic conditions so will you. If the company performs well then your business will grow exponentially as a result.
B. The timing in joining the MLM business will decide whether you will ride the wave of success or be drowned by it. Right timing consists of two separate factors and these should not be confused. First one is the right timing in the Industry. Second factor is the right timing in the company. If you get one right and the other wrong then you will not get great results. If you get both the timings right then you will ride the wave of success.
C. The product has to be remarkable. If there is no EMOTIONAL attachment to the product you will not succeed. You can never recommend a product to someone if you cannot become emotionally involved with it. Network marketing is referral based marketing and you can never transfer your enthusiasm to someone if you don’t have feelings for the product.
D. The compensation plan must be equitable, just and work with numbers. The most important thing about a compensation plan is that it should work with numbers. If it works for only 5% of the people and not for the other 95% then the compensation plan will not succeed. The business plan has to be equitable and just.
E. Choose a network marketing opportunity with systems for duplication. Why most businesses fail is because they do not have systems in place. On the other hand businesses with mediocre products but with great business systems always succeed. To succeed in network marketing business you need a tested, proven, duplication system.
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
A. The company must have the right management, experience and integrity. It is always people behind the company who are the wealth creators. If the management is weak or lacks integrity, the business will fail. So when you decide to join a network marketing company do some research on the people behind the company? The management must have the experience to take the company to a new level as the business grows. They must have the ability to guide the company during hard times. If the company fails to adapt and survive the changing times and economic conditions so will you. If the company performs well then your business will grow exponentially as a result.
B. The timing in joining the MLM business will decide whether you will ride the wave of success or be drowned by it. Right timing consists of two separate factors and these should not be confused. First one is the right timing in the Industry. Second factor is the right timing in the company. If you get one right and the other wrong then you will not get great results. If you get both the timings right then you will ride the wave of success.
C. The product has to be remarkable. If there is no EMOTIONAL attachment to the product you will not succeed. You can never recommend a product to someone if you cannot become emotionally involved with it. Network marketing is referral based marketing and you can never transfer your enthusiasm to someone if you don’t have feelings for the product.
D. The compensation plan must be equitable, just and work with numbers. The most important thing about a compensation plan is that it should work with numbers. If it works for only 5% of the people and not for the other 95% then the compensation plan will not succeed. The business plan has to be equitable and just.
E. Choose a network marketing opportunity with systems for duplication. Why most businesses fail is because they do not have systems in place. On the other hand businesses with mediocre products but with great business systems always succeed. To succeed in network marketing business you need a tested, proven, duplication system.
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
How to Build Your Belief System for Network Marketing Success?
Network marketing is a recommendation business and not a sales business. You will fail if you treat your business like a sales person. You can recommend a product or service only if you belief in it. Only then you will be able to transfer your enthusiasm.
If you do not have belief in your product it will show in your body language, in your eyes and behavior pattern. Your heart and mind have to flow in one direction if you are to succeed in this business. If you are artificial you will be found out. The business will not work for you if your head and heart pull in different directions. If you wish to sponsor someone into the business then you must have belief that network marketing companies work and it is one of the best business models to make huge amounts of passive income within a very short time period without financial risks associated with traditional businesses.
How does one build the belief system to succeed? The most important thing is to find a great company, with a strong management and a unique product. Try and find a niche that cannot be replicated easily. If you are promoting a single niche product it is easy to understand and recommend. Can you recommend ten movies to a friend? Your friend will get confused and will not watch a single movie recommended by you. People mistakenly think that a multi-product network marketing companies will increase the chances of increasing their turn over and therefore increase their pay checks. Nothing can be further from truth. In today’s world a high quality niche product that is not easily replicable works much better.
To build the belief you must use the product and find out the benefit for yourself. This is not a selling business. This is a recommendation business based on faith people have in you. You cannot fake this faith by not using the product yourself and try selling it to others. There are people who believe that product is just a vehicle to build their network marketing business. Any product will do as long as it brings in money. Such thinking will result in selling a product rather than building a network marketing business that is built on good faith and belief.
Another important thing about belief is that initially when we join a network marketing company our belief system is weak. We have not used the products sufficiently. We know very little about the company we are promoting and we do not fully understand the business model. Most importantly we are not making any money so we don’t have the confidence. Initially we have to make great effort to learn everything about the business, the product and the company. In other words to build our belief system we have to train our self’s very hard.
The easiest way to build your belief system is to find a mentor. This is someone you has achieved success in your network marketing company. You must have a mentor to be a mentor. You want a mastermind group of like-minded people who want YOU to succeed. Want to make a million dollars? Mastermind with millionaires. If you want to make $50,000 a year, then mastermind with people who make $50,000 a year. Consider this VERY carefully: For most people, their yearly income is the average of their 5 closest friends. Do YOUR 5 closest friends have what you want? If not, why would you EVER listen to their opinions on business? Say you want to invest in real estate. Would you ask the person who rents one home? Or the person with 31 homes, 12 townhouses, 2 farms, one in Hamilton, one in Canterbury, and 16 commercial properties? To build a business, why on earth would you listen to people who've never done it? You've got to evaluate who you take advice from. To build your belief system you have to be in company of those who believe in themselves and have succeeded in the business. If you cannot meet your mentor in flesh and blood then watch videos and listen to tapes of people who have achieved great results from the business and whom you admire.
Your business will grow as your belief system goes up. If you are not succeeding in your network marketing business please check your belief system first. Without a strong belief in what you are doing you are doomed to fail from the very start. If you wish to succeed build your belief system first. Let your mind and heart speak as one unit.
Once you find your belief system, you’ll find sponsoring to be one of the most fun-filled experiences you’ve ever had. Your belief will take you from being a very shy, who is afraid of speaking to strangers, to a crusader who is ready to “share” his product and opportunity at the drop of a hat! Once you have the BELIEF you will not be defensive of your program. You will create a positive and an emotionally surcharged atmosphere where people will beg to be members of your team. This electrifying atmosphere is only possible when you speak from your heart that is backed by a strong belief system. The emotional impact that you produce arises from your inner relationship with your product and program, not from some kind of formula. Emotional power is - thoughtlessness. It bypasses your thinking process, for it has become you. It is your belief system and not something you consciously do or think about at the moment.
Your emotional integrity plays a vital part in your power of personal persuasion. When you have that quality your prospects will listen with more than just their ears. Your emotions will bypass the prospect’s defenses and get to his heart.
Jacob Boehme said it well about 350 years ago. His words still ring true today.
“For realness, the exterior of our life needsto be the signature of the interior.”
Your internal belief system will be strong when you sincerely believe that it’s right to help people become more financially secure. It’s right to help people discover a way to better health, personal growth and increased happiness. No wonder the right kind of network marketing companies can build up loyalty and emotional attachment like few other businesses can! You cannot sell anything effectively unless you are sold on it yourself. The key is to become a user of your network marketing companies product. Once you start using the product that shows results, you will start sharing the benefits of your experience. These benefits will fire your inner emotional power. You will then communicate facts. You will share values through emotions. If your listener concludes that your product has great value, it will be because you’ve shared your emotions and supported them with essential facts. That’s a powerful combination, one that lies at the source of the marketing power you’re looking for. Herein lies the secret of success in network marketing.
It is important that your emotional power be the servant of intelligence. The closer you are to the unity of truth, the more power you will generate. It is only when knowledge and emotions combine and when heart and mind are one great success is achieved. Once you develop the belief system you won’t need any artificial means to find prospects. You will attract prospective associates to you with your warmth, conviction and natural enthusiasm, all of which flow from the center of your being. None of these have to be artificially produced. That is fun!
To develop your belief it is important that you use the product and see its benefit. I can feel the difference in my body and energy levels. Please also read about the science behind the product and what independent people of great repute, journals, TV channels and internet like U Tube etc are saying about your product. If there is no doubt in your heart and mind that you are fortunate to have a great product and a company with high integrity then there is no reason as to why your business will not explode. In case for some reason you lack the belief in your network marketing companies product or service then find something new in which you can believe in or you will not succeed.
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
If you do not have belief in your product it will show in your body language, in your eyes and behavior pattern. Your heart and mind have to flow in one direction if you are to succeed in this business. If you are artificial you will be found out. The business will not work for you if your head and heart pull in different directions. If you wish to sponsor someone into the business then you must have belief that network marketing companies work and it is one of the best business models to make huge amounts of passive income within a very short time period without financial risks associated with traditional businesses.
How does one build the belief system to succeed? The most important thing is to find a great company, with a strong management and a unique product. Try and find a niche that cannot be replicated easily. If you are promoting a single niche product it is easy to understand and recommend. Can you recommend ten movies to a friend? Your friend will get confused and will not watch a single movie recommended by you. People mistakenly think that a multi-product network marketing companies will increase the chances of increasing their turn over and therefore increase their pay checks. Nothing can be further from truth. In today’s world a high quality niche product that is not easily replicable works much better.
To build the belief you must use the product and find out the benefit for yourself. This is not a selling business. This is a recommendation business based on faith people have in you. You cannot fake this faith by not using the product yourself and try selling it to others. There are people who believe that product is just a vehicle to build their network marketing business. Any product will do as long as it brings in money. Such thinking will result in selling a product rather than building a network marketing business that is built on good faith and belief.
Another important thing about belief is that initially when we join a network marketing company our belief system is weak. We have not used the products sufficiently. We know very little about the company we are promoting and we do not fully understand the business model. Most importantly we are not making any money so we don’t have the confidence. Initially we have to make great effort to learn everything about the business, the product and the company. In other words to build our belief system we have to train our self’s very hard.
The easiest way to build your belief system is to find a mentor. This is someone you has achieved success in your network marketing company. You must have a mentor to be a mentor. You want a mastermind group of like-minded people who want YOU to succeed. Want to make a million dollars? Mastermind with millionaires. If you want to make $50,000 a year, then mastermind with people who make $50,000 a year. Consider this VERY carefully: For most people, their yearly income is the average of their 5 closest friends. Do YOUR 5 closest friends have what you want? If not, why would you EVER listen to their opinions on business? Say you want to invest in real estate. Would you ask the person who rents one home? Or the person with 31 homes, 12 townhouses, 2 farms, one in Hamilton, one in Canterbury, and 16 commercial properties? To build a business, why on earth would you listen to people who've never done it? You've got to evaluate who you take advice from. To build your belief system you have to be in company of those who believe in themselves and have succeeded in the business. If you cannot meet your mentor in flesh and blood then watch videos and listen to tapes of people who have achieved great results from the business and whom you admire.
Your business will grow as your belief system goes up. If you are not succeeding in your network marketing business please check your belief system first. Without a strong belief in what you are doing you are doomed to fail from the very start. If you wish to succeed build your belief system first. Let your mind and heart speak as one unit.
Once you find your belief system, you’ll find sponsoring to be one of the most fun-filled experiences you’ve ever had. Your belief will take you from being a very shy, who is afraid of speaking to strangers, to a crusader who is ready to “share” his product and opportunity at the drop of a hat! Once you have the BELIEF you will not be defensive of your program. You will create a positive and an emotionally surcharged atmosphere where people will beg to be members of your team. This electrifying atmosphere is only possible when you speak from your heart that is backed by a strong belief system. The emotional impact that you produce arises from your inner relationship with your product and program, not from some kind of formula. Emotional power is - thoughtlessness. It bypasses your thinking process, for it has become you. It is your belief system and not something you consciously do or think about at the moment.
Your emotional integrity plays a vital part in your power of personal persuasion. When you have that quality your prospects will listen with more than just their ears. Your emotions will bypass the prospect’s defenses and get to his heart.
Jacob Boehme said it well about 350 years ago. His words still ring true today.
“For realness, the exterior of our life needsto be the signature of the interior.”
Your internal belief system will be strong when you sincerely believe that it’s right to help people become more financially secure. It’s right to help people discover a way to better health, personal growth and increased happiness. No wonder the right kind of network marketing companies can build up loyalty and emotional attachment like few other businesses can! You cannot sell anything effectively unless you are sold on it yourself. The key is to become a user of your network marketing companies product. Once you start using the product that shows results, you will start sharing the benefits of your experience. These benefits will fire your inner emotional power. You will then communicate facts. You will share values through emotions. If your listener concludes that your product has great value, it will be because you’ve shared your emotions and supported them with essential facts. That’s a powerful combination, one that lies at the source of the marketing power you’re looking for. Herein lies the secret of success in network marketing.
It is important that your emotional power be the servant of intelligence. The closer you are to the unity of truth, the more power you will generate. It is only when knowledge and emotions combine and when heart and mind are one great success is achieved. Once you develop the belief system you won’t need any artificial means to find prospects. You will attract prospective associates to you with your warmth, conviction and natural enthusiasm, all of which flow from the center of your being. None of these have to be artificially produced. That is fun!
To develop your belief it is important that you use the product and see its benefit. I can feel the difference in my body and energy levels. Please also read about the science behind the product and what independent people of great repute, journals, TV channels and internet like U Tube etc are saying about your product. If there is no doubt in your heart and mind that you are fortunate to have a great product and a company with high integrity then there is no reason as to why your business will not explode. In case for some reason you lack the belief in your network marketing companies product or service then find something new in which you can believe in or you will not succeed.
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
How to Become an Attraction Marketing Leader in Network Marketing?
There is one question that most people have about the concept of ATTRACTION MARKETING "How can I be a leader, and an expert and ATTRACT people to me, when I haven't made a lot of money yet in my network marketing company?!"
Well here's the thing you need to understand. It is NOT about how much money you've made. MONEY has NOTHING to do with it!
The main thing is to get started, sponsor a few people and earn commissions. In the process you have to learn few marketing techniques on the internet. Even a few weeks of internet marketing training will put you ahead of 95% of all the network marketers out there!
That is powerful. That makes YOU incredibly VALUABLE! It is now your task to communicate your VALUE to the marketplace!
Let me explain. One of my marketing mentors he makes over 50,000 monthly from his home computer. Incredible right? But it's because he "gets" ATTRACTION MARKETING and he's a great marketing coach.
Now I hear you saying "yeah of course he is... he's making 50,000 per month because he can coach because he's there already but what about me? I have no "story" like that yet. I don't have any success at all?!"
See here's the funny thing. Not that long ago he wasn't making close to that kind of money. NOT even close. Maybe he was making a couple hundred dollars a month at most and that was only about a year and a half ago! He's only like 24 or something... ridiculous!!!
He succeeded because he CHOSE to position himself as an expert and as a leader. He just absorbed great information, like we all can. But unlike most of us he put his KNOWLEDGE TO PRACTICE AND STARTED TEACHING even when he wasn't making much money.
This is what you need to understand. You don't have to have money to teach marketing. All that you need is a little knowledge. Our young friend succeeded because he actually started teaching. He began to generate cash flow because he took the right steps.
So what's the point? It is crystal clear that you will succeed when you see yourself as a leader. When you have confidence in your OWN YOUR GREATNESS! Tell your story and study all you can. Once you become more VALUABLE and start teaching you will succeed!
There are millions of struggling entrepreneurs on the internet RIGHT NOW who are searching for the right teacher and a leader. They are looking for their "wizard" who will help them to reach their goals.
The question you have to ask yourself is that are you prepared to become that Wizard, recognize your greatness and get out there and change people’s lives!
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
Well here's the thing you need to understand. It is NOT about how much money you've made. MONEY has NOTHING to do with it!
The main thing is to get started, sponsor a few people and earn commissions. In the process you have to learn few marketing techniques on the internet. Even a few weeks of internet marketing training will put you ahead of 95% of all the network marketers out there!
That is powerful. That makes YOU incredibly VALUABLE! It is now your task to communicate your VALUE to the marketplace!
Let me explain. One of my marketing mentors he makes over 50,000 monthly from his home computer. Incredible right? But it's because he "gets" ATTRACTION MARKETING and he's a great marketing coach.
Now I hear you saying "yeah of course he is... he's making 50,000 per month because he can coach because he's there already but what about me? I have no "story" like that yet. I don't have any success at all?!"
See here's the funny thing. Not that long ago he wasn't making close to that kind of money. NOT even close. Maybe he was making a couple hundred dollars a month at most and that was only about a year and a half ago! He's only like 24 or something... ridiculous!!!
He succeeded because he CHOSE to position himself as an expert and as a leader. He just absorbed great information, like we all can. But unlike most of us he put his KNOWLEDGE TO PRACTICE AND STARTED TEACHING even when he wasn't making much money.
This is what you need to understand. You don't have to have money to teach marketing. All that you need is a little knowledge. Our young friend succeeded because he actually started teaching. He began to generate cash flow because he took the right steps.
So what's the point? It is crystal clear that you will succeed when you see yourself as a leader. When you have confidence in your OWN YOUR GREATNESS! Tell your story and study all you can. Once you become more VALUABLE and start teaching you will succeed!
There are millions of struggling entrepreneurs on the internet RIGHT NOW who are searching for the right teacher and a leader. They are looking for their "wizard" who will help them to reach their goals.
The question you have to ask yourself is that are you prepared to become that Wizard, recognize your greatness and get out there and change people’s lives!
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
Network Marketing Success = Profit Trough Break Even Analysis
The purpose of starting a network marketing business is to make profit. If a business spends more money than it makes it will go belly up. So why should network marketing be any different?
We know that network marketing gives exponential passive income with time. If you have a group of 100 to 1,000 people in your network buying the product and recruiting more, then you will be getting richer and richer! We all know that.
It’s SURVIVING the first 3 to 6 months in the network marketing business that is crucial. There is a learning curve involved …….typically a new distributor will go through a 3 months of trial and error period. After which it takes 3 to 6 months to build a network that starts paying you money. If you can learn to manage your cash flow wisely and also teach the people you sponsor to do the same then you will succeed in this business.
The key to survival is CASH FLOW. People in network marketing business usually run out of cash flow normally after 3 months and they quit because they have not planned properly. If you teach and help the new members in your team to reach breakeven as fast as possible ……..will give them confidence to continue in the business.
TYPICAL EXENSES OF A NETWORK MARKETING BUSINESS
A typical network marketing business will have the following expenses:
Joining Fee
Auto-ship
Petrol
Training Material
Promotion materials
Meetings and Rallies
Phone Bill
Leads
Advertising
Miscellaneous
People when joining the network marketing business opportunity only look at the initial cost of joining and auto-ship. They fail to take into account other expenses that are vital to succeed in the business. This results in cash crunch and dropping out of business.
# BUDGETING AND REDUCING COSTS
To succeed you have to budget your expenses and find ways and means to reduce costs. There are unscrupulous people in this business who make new members to spend on advertising and promotional materials from which they generate revenues to run their own business. Advertising and promotion is essential to success of any business but has to be done sensibly. Every dollar spent must show some positive result for the business or it is a waste.
Spending money on your education first is the best investment you will ever do. If you are educated then you will save thousands of dollars in the course of your business. There is simply no substitute for education. Find a mentor with a servant’s heart who will coach you for free. Even if you have to pay a little money do not hesitate. You will get exponential results from this investment. You have to investment in your education first because as we discussed earlier in this book that network marketing is a mentoring business and not a sales business. You have to learn before you can teach.
Some other suggestions to reduce your costs are given below:
• Keep minimum stock necessary to run your network marketing business. Some stock is necessary to share the experience with other people but keep it to the minimum. You can always order more when you need. If you have too much stock in your garage then sell it to generate cash flow. It will give a new lease of life to your business.
• Have a Buddy in your area. This will save costs when traveling to meetings but will also create synergy.
• Do some research and switch to low cost phone plans. There are many free systems like SKYPE available on the internet.
• To save petrol costs try and qualify your leads before you decide to drive down to meet them. If you are prospecting someone who is indecisive, lazy and complains constantly, it is better to keep him or her in the back burner and focus on people who are excited about the business. You don’t want to find yourself driving miles just to talk to someone and after two hours find out that they are not interested. A very good way to qualify what type of prospect you are dealing with is to ask a few questions about their dreams and self-development. If you find that they have no energy in their words, or are not doing anything to improve themselves then you can very well save lots of time and petrol.
• As your network grows you will have to find leaders in your team who are highly motivated and work with them for the betterment of the team.
• The most important cost in your business is the leads and how you generate them. The cost of generating the leads and converting them into your business can make or break your network marketing business. You have to learn how to minimize these costs and be effective. This is something you have to understand and perfect if you have to succeed in this business.
• Hold local training sessions besides the company’s training sessions with all your team members. This may save cost to your team members.
• Educate all the team members about proper cash flow management when building the business.
• Everyone must focus on following the same network marketing system in your team! It is crucial for duplication. Can you imagine 100 people all going in their own direction? This is recipe for disaster. A simple system of duplication saves cost, time and effort of the team.
TAX DOLLARS CAN FUND YOUR BUSINESS
Tax incentives provide a huge source of cash flow to run your network marketing business and achieve break even within weeks.
When you engage in network marketing business opportunity you can claim cost of travel, communications, entertainment, office stationary, advertising and even products that you buy through auto-ship (for promotion) as legitimate business expense. You can also claim part of your rent/mortgage, electricity and water bills as legitimate expenses as you are using your home as office. You can also claim depreciation on office furniture, car, computer, fax machine and other accessories that you need for your home business. Please speak with your local tax consultant before you embark on this course because tax laws are different in each country.
In most cases the tax incentives are so generous that they can fund your business in the initial stages. What most people do not realize is that when you take tax incentives into account the breakeven point of your business is much closer than you think.
Make sure your team members understand cash flow and break even analysis. When you help them make money, they will help YOU make money! This is the secret to network marketing success
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
We know that network marketing gives exponential passive income with time. If you have a group of 100 to 1,000 people in your network buying the product and recruiting more, then you will be getting richer and richer! We all know that.
It’s SURVIVING the first 3 to 6 months in the network marketing business that is crucial. There is a learning curve involved …….typically a new distributor will go through a 3 months of trial and error period. After which it takes 3 to 6 months to build a network that starts paying you money. If you can learn to manage your cash flow wisely and also teach the people you sponsor to do the same then you will succeed in this business.
The key to survival is CASH FLOW. People in network marketing business usually run out of cash flow normally after 3 months and they quit because they have not planned properly. If you teach and help the new members in your team to reach breakeven as fast as possible ……..will give them confidence to continue in the business.
TYPICAL EXENSES OF A NETWORK MARKETING BUSINESS
A typical network marketing business will have the following expenses:
Joining Fee
Auto-ship
Petrol
Training Material
Promotion materials
Meetings and Rallies
Phone Bill
Leads
Advertising
Miscellaneous
People when joining the network marketing business opportunity only look at the initial cost of joining and auto-ship. They fail to take into account other expenses that are vital to succeed in the business. This results in cash crunch and dropping out of business.
# BUDGETING AND REDUCING COSTS
To succeed you have to budget your expenses and find ways and means to reduce costs. There are unscrupulous people in this business who make new members to spend on advertising and promotional materials from which they generate revenues to run their own business. Advertising and promotion is essential to success of any business but has to be done sensibly. Every dollar spent must show some positive result for the business or it is a waste.
Spending money on your education first is the best investment you will ever do. If you are educated then you will save thousands of dollars in the course of your business. There is simply no substitute for education. Find a mentor with a servant’s heart who will coach you for free. Even if you have to pay a little money do not hesitate. You will get exponential results from this investment. You have to investment in your education first because as we discussed earlier in this book that network marketing is a mentoring business and not a sales business. You have to learn before you can teach.
Some other suggestions to reduce your costs are given below:
• Keep minimum stock necessary to run your network marketing business. Some stock is necessary to share the experience with other people but keep it to the minimum. You can always order more when you need. If you have too much stock in your garage then sell it to generate cash flow. It will give a new lease of life to your business.
• Have a Buddy in your area. This will save costs when traveling to meetings but will also create synergy.
• Do some research and switch to low cost phone plans. There are many free systems like SKYPE available on the internet.
• To save petrol costs try and qualify your leads before you decide to drive down to meet them. If you are prospecting someone who is indecisive, lazy and complains constantly, it is better to keep him or her in the back burner and focus on people who are excited about the business. You don’t want to find yourself driving miles just to talk to someone and after two hours find out that they are not interested. A very good way to qualify what type of prospect you are dealing with is to ask a few questions about their dreams and self-development. If you find that they have no energy in their words, or are not doing anything to improve themselves then you can very well save lots of time and petrol.
• As your network grows you will have to find leaders in your team who are highly motivated and work with them for the betterment of the team.
• The most important cost in your business is the leads and how you generate them. The cost of generating the leads and converting them into your business can make or break your network marketing business. You have to learn how to minimize these costs and be effective. This is something you have to understand and perfect if you have to succeed in this business.
• Hold local training sessions besides the company’s training sessions with all your team members. This may save cost to your team members.
• Educate all the team members about proper cash flow management when building the business.
• Everyone must focus on following the same network marketing system in your team! It is crucial for duplication. Can you imagine 100 people all going in their own direction? This is recipe for disaster. A simple system of duplication saves cost, time and effort of the team.
TAX DOLLARS CAN FUND YOUR BUSINESS
Tax incentives provide a huge source of cash flow to run your network marketing business and achieve break even within weeks.
When you engage in network marketing business opportunity you can claim cost of travel, communications, entertainment, office stationary, advertising and even products that you buy through auto-ship (for promotion) as legitimate business expense. You can also claim part of your rent/mortgage, electricity and water bills as legitimate expenses as you are using your home as office. You can also claim depreciation on office furniture, car, computer, fax machine and other accessories that you need for your home business. Please speak with your local tax consultant before you embark on this course because tax laws are different in each country.
In most cases the tax incentives are so generous that they can fund your business in the initial stages. What most people do not realize is that when you take tax incentives into account the breakeven point of your business is much closer than you think.
Make sure your team members understand cash flow and break even analysis. When you help them make money, they will help YOU make money! This is the secret to network marketing success
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
rel="tag">http://www.wealthonlineguru.com
Tuesday, November 18, 2008
MonaVie Pulse: Plant Sterols
MonaVie Pulse Benefits
• Boasts heart healthy levels of plant sterols* to help maintain existing healthy cholesterol levels.
• Features resveratrol, which supports your cardiovascular system by helping protect healthy blood vessels.
• Delivers powerful antioxidant polyphenols to promote a healthy cardiovascular system.
• Features a wide array of essential nutrients for optimal health.
• Offers potent antioxidant protection against free radicals.
• Delivers the antioxidant capacity of approximately 13 servings of fruits and vegetables in just four ounces.
Wednesday, November 12, 2008
Economics of Lead Generation in MLM
More than 90% people who join network marketing fail. This figure is common to all businesses and not limited to MLM. These figures by themselves should not dissuade people from joining network marketing because even a little bit of correct education on marketing and lead generation can lift any average person with normal intelligence into the top ten percent and you can make a great life style change as you will be working flexi hours from home.
The two main reasons why people fail in MLM are because sooner than later they either run out of Quality Leads or Cash Flow to run their business. It takes time, money and effort to build a network that will start paying back. In network marketing you are like a rocket which burns 90% of its fuel at the time of take off. Once you reach the outer orbit it is cruise control.
Leads are lifeline of MLM business. In the traditional approach we are asked by our up line leaders to make a list of all our friends and family members. We are told that we will never run out of leads because once we sponsor a few people into our business then we can start working with their warm market list. For this approach to work one has to be very persistent with their effort and face a lot of rejection. Most of the leads generated through this approach are also of very poor quality because they join the business due to the relationship they have with the sponsor rather than any desire to improve their financial life. Although warm market leads are free it takes a herculean effort to build a network because leads lack the right motivation and also the attrition rate is very high. Sometimes people get lucky and catch a heavy hitter in their net but this is normally an exception and not a rule. Until and unless you are a bull dog with lion’s heart you will find it very difficult to become successful using this model. Some do succeed but it is not for a normal person.
Leads generated through marketing approach have the advantage of being better motivated as they are looking for a business opportunity. The problem with such leads is that there is no relationship of trust with the sponsor which is very important if one is to succeed in network marketing. The leads generated through marketing can also be very expensive. Until and unless you have very deep pockets you will soon run out of cash to fund your business. This is because 95% of the lead you generate will not even join your business opportunity. For example if it costs $10 to generate a lead through online or offline advertising then 100 leads will cost $1000 to generate. Statistics show that around 5% of the leads you generate will eventually join your business. This would mean that it will cost you $200 to sponsor one person into your network. This is definitely not a sustainable or a duplicable model until and unless the returns from the opportunity are very high. In most cases companies want to keep the cost of auto ship reasonably priced and money disbursed to the network is correspondingly limited.
So what is the answer to this problem? The solution lies in the concept of ‘Funded Proposal’ wherein you generate cash by making upfront sales to 95% of the leads who don’t join your business. In Funded Proposal you make low value sale of information product to your leads. In doing so you recover the cost of your advertising and generating leads through marketing model becomes sustainable. In fact Funded Proposal has given new lease of life to the MLM business.
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
into ONE Super Powered Profit Pulling Machine:
http://www.wealthonlineguru.com
Tuesday, November 11, 2008
MLM Success = Funded Proposal
The biggest problem of MLM is that it takes anywhere from 2 to 5 years to build any kind of decent residual income. If you are doing it part time then it may take even longer. As a result most people who join network marketing either lose patience or run out of money to fund their business. The end result is that they drop out. The concept of ‘Funded Proposal’ has given a new lease of life to Network Marketing.
The main hindrance that network marketers face is the problem of generating ‘High Quality Leads’ and the ‘Cash Flow’ to fund and sustain their business. Generating high quality leads take a lot of money, time and effort. The most unfortunate part is that 95% of the leads will not even join your primary business.
Funded proposal is a concept that puts money in your pocket even as you generated high responsive leads. You do this by selling an inexpensive but useful product on the front end to cover your advertising expenses. Most network marketers lack knowledge of marketing. So you sell them an information marketing product that will help them to build their business even if they do not join your opportunity. By doing so you are doing a service to them and building a relation of trust by helping them in their business.
These front end sales helps you to recover cost of advertising for lead generation such as pay per click etc. The system is so powerful because it is self sustaining. Now you have cash flow to keep advertising and generating more leads in an endless cycle. Many of these leads will not only join your primary business but will also join under you as a full member of the Funded Proposal System. This will give you multiple sources of recurring commission monthly which means more funds that you can put back into marketing.
Funded Proposal System works in two Steps:
STEP 1 – Offer your leads coaching to help them make money online, such as how to set up a blog with affiliate links and make some sales. Give them valuable training on various aspects of network marketing such as Web 2.0, PPC, Forum marketing, List Builders/ Solo Ads etc. Do not charge them a high price but just a small fee to cover your costs. This will solve your cash flow problem.
STEP 2 – Once your prospect is pre trained through your efforts in Step 1 and become confident with computers and Internet Marketing, you offer them to join your MLM business opportunity so that they have a multi-tier affiliate program to promote.
This simple process firstly trains your prospect into internet marketing and gets him into positive cash flow immediately. This will create momentum in your team and decrease attrition.
This is the smart way to do business. This is how the masters in this industry make it happen. Do you think they make cold calls or do home meeting? The answer is a big NO. They market information and training. This pays for their advertising which in turn serves as a never-ending source of free leads for their network marketing business.
If the logic of ‘Funded Proposal’ appeals to your intelligence, then take ACTION and do something with it today!
Praveen Kumar is an Online Business and Lifestyle Coach. You can access free internet marketing training videos and can also get your Fully Branded, Customizable, Lead Generation & Funded Proposal System at
http://www.wealthonlineguru.com
Sunday, November 9, 2008
MLM Success = Funded Proposal
The concept of funded proposal has given a new lease of life to the MLM Business. Please watch this training video to understand how 'Funded Proposal' works.....
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