Network marketing is one of the fastest growing industries in the world today, where entrepreneurs are using this unique business model to create incredible streams of income in their lives. Even with the amazing success of this industry, many people still hold onto some false beliefs about the network marketing industry and how viable it is as a home business.
Myth 1: The Pyramid Scheme
One of the most common myths compares network marketing to illegal pyramid schemes. Illegal pyramid schemes are nothing but a “money game” that lure people in by making exorbitant income claims and do not sell any form of legitimate product or service to retail customers. It’s a system where money is created only by recruiting people.
Fact: All legitimate, modern multilevel marketing and network marketing businesses offer a wide range of excellent products and services that appeal to distributors and customers alike. In fact, most of the best network marketing companies offer extremely unique products that often can’t be found anywhere else, helping to create long term, happy customers.
Myth 2: Only The Top Guys Win
Another famous myth about network marketing is that only the people who are in the top tiers of a company are making the big profits. Admittedly, it can be quite daunting to see the leader board of a company and hear the income levels that some of these top distributors are making. But consider this.
Fact: These top distributors started like everyone else, and earned their way up the ladder of success. In reality, one reason that network marketing is so popular is that there is no limit on the amount of income that anyone can make – even the newest distributor!
Another thing to consider about success in network marketing. There are two ways that MLM entrepreneurs can make money. First, through the sale of products to retail customers. And second, through the sales of other distributors in their network. If a distributor can effectively sell the product and share the opportunity with others, they can build a massively productive organization that can make huge income.
Myth 3: It Takes a Lot of Money to Start
Another popular myth about network marketing is that many people believe that these businesses are all very expensive to start and require a large initial order of products.
For some network marketing businesses, that may be true, but that is not true for all of them. Because there are so many network marketing opportunities that exist, there is no need to settle for one that requires a large up-front investment. There are businesses that require only a small monthly fee or product purchase that will qualify distributors to earn unlimited income. For some of the lowest-risk companies, the small fee also includes free products for the entrepreneur as well as extras to teach businesspeople how the products can best be sold. The best thing is to find a product or service and price point you feel comfortable with to fit your personality and budget.
With many network marketing companies offering such low risk, low cost and offering unique opportunities and income potential, these are not the pyramid schemes of the 70’s. These are viable businesses that hundreds of thousands of people run from their own homes for fun and an unlimited profit. A legitimate network marketing home business is a well-rounded business full of profit potential and a future of income growth.
Written by: Bob Gatchel
Article Source: http://bobgatchel.com/2008/12/04/three-crazy-myths-about-network-marketing/
Exclusive Internet MLM Leads Defined
It would be beneficial to have leads for your MLM business that are exclusive. This is not only possible; there are many easy ways to do it. Here are some of them:
1. You can create your own leads and generate them using the Internet. There are many ways you can go about doing this, but one of the easiest ways is to start a blog on the theme of making money and multi level marketing.
Allow people to subscribe to the updates on your blog by adding an RSS feed subscription button at the top where they can find it. Also allow people to subscribe to a newsletter that you publish on making money with network marketing.
This is two ways to follow up with people about your Internet MLM business.
With an RSS feed every time you make a blog post they will automatically receive it through their RSS feed. People can receive a copy of your newsletter thru email, where you can provide accurate information about network marketing.
Your benefit to doing it this way is these are exclusive Internet MLM leads that are not being sold to another competitor. These people are subscribing to you through their own free will.
2. One way of building exclusive online MLM leads is to hire a professional online marketer to get leads for you. There are Internet marketers that do nothing more than generate leads for companies.
They are more than happy to get paid a pre agreed upon amount for every lead they generate for you. These leads are exclusively yours and they are not sold to any other online business.
It’s true that there are lead companies that ca n generate leads and sell them many times but a professional Internet marketer can produce better results than these lead companies. The best way is to look for a few highly qualified online marketers that can be trusted and pay them rightfully for the leads they generate.
One great advantage to these type of leads is you can receive them in real time. This will allow you the chance to follow up someone who has shown interest in your business after that person filled out a form requesting for more info.
This is a real advantage when it comes to enrolling new distributors and selling products through your Internet MLM business. As you can see exclusive Internet MLM leads can be very valuable to your future in network marketing.
(ArticlesBase ID #1176937)
Any business has to have continuous business targeted lead generation as the bloodline. It is in this manner that Elmar Sandyck, a respectable online marketer, who has been in the industry for years now, can help you. His primary goal is to help people by teaching them Internet online business networking strategies for you to start earning while at home. You can check this site for more information about him:http://www.EndlessLeadGenerator.com .
Article Source:http://www.articlesbase.com/internet-articles/exclusive-internet-mlm-leads-defined-1176937.html
3 Top Tips to Achieve MLM Business Leads
To have a successful home business is a dream to many people. Because of the global recession, this has become necessary for people to pay their bills and maintain their lifestyle.
One factor to getting a successful home based business in the network marketing business model is to generate MLM business leads on a continuous basis. In fact, an endless stream of leads to come into the business is more important than ever.
Here are five MLM business lead tips you can use to create an endless stream of leads for your business.
1. Put your advertising focus on the problems of the people. More often your reason for joining the business is the same as the reason they want to join. You will realize that approaching a wide market of people in need of your product is a great strategy for generating an endless stream of MLM business leads.
2. Do not put all of your eggs in one basket when it comes to promoting on the Internet. However you should master one form of Internet marketing before taking on another. One common mistake people make when promoting their MLM business opportunity is they never develop one form of successful marketing before they add a second one.
However the drawback is that aome people would not like to try new things and this limits their potential customers in the business. An example of this is a marketer who is well versed in article marketing but won’t like to try paid advertising.
3. Build a list and follow-up with it on a consistent basis. You don’t know when is the perfect timing for people to start a business so you need to have the emails and names of these people. Now you can automate everything with an auto responder and it will do the dirty work of following up for you.
These are the three top tips you can use to improve the number of leads you can enjoy on a regular basis. If you see lead generation as a long term solution to a persistent problem then you will always have leads to follow up. You will also find your downline is duplicating your efforts because they see what is working for you.
All who has a business online must know the importance of exclusive business opportunity lead generation being the major factor in an online business. Elmar Sandyck is a respected marketer who knows much on Internet marketing business techniques . He finds pleasure in helping people start their own business. Check his site for more valuable information.
Article Source:http://www.articlesbase.com/internet-articles/3-top-tips-to-achieve-mlm-business-leads-1323895.html
One factor to getting a successful home based business in the network marketing business model is to generate MLM business leads on a continuous basis. In fact, an endless stream of leads to come into the business is more important than ever.
Here are five MLM business lead tips you can use to create an endless stream of leads for your business.
1. Put your advertising focus on the problems of the people. More often your reason for joining the business is the same as the reason they want to join. You will realize that approaching a wide market of people in need of your product is a great strategy for generating an endless stream of MLM business leads.
2. Do not put all of your eggs in one basket when it comes to promoting on the Internet. However you should master one form of Internet marketing before taking on another. One common mistake people make when promoting their MLM business opportunity is they never develop one form of successful marketing before they add a second one.
However the drawback is that aome people would not like to try new things and this limits their potential customers in the business. An example of this is a marketer who is well versed in article marketing but won’t like to try paid advertising.
3. Build a list and follow-up with it on a consistent basis. You don’t know when is the perfect timing for people to start a business so you need to have the emails and names of these people. Now you can automate everything with an auto responder and it will do the dirty work of following up for you.
These are the three top tips you can use to improve the number of leads you can enjoy on a regular basis. If you see lead generation as a long term solution to a persistent problem then you will always have leads to follow up. You will also find your downline is duplicating your efforts because they see what is working for you.
All who has a business online must know the importance of exclusive business opportunity lead generation being the major factor in an online business. Elmar Sandyck is a respected marketer who knows much on Internet marketing business techniques . He finds pleasure in helping people start their own business. Check his site for more valuable information.
Article Source:http://www.articlesbase.com/internet-articles/3-top-tips-to-achieve-mlm-business-leads-1323895.html
The Five Failure Factors in Network Marketing
The Five Failure Factors
1. Takes too long to make money – although there are a few that pay daily, most network marketing companies pay residuals either monthly or weekly. The average new network marketer takes sixty days or longer to sponsor their first person. During those first sixty days, they have paid the costs to join, bought products or activated a service, purchased marketing materials, and possibly paid to be part of an advertising co-operative or purchased leads. They have also made their list of 100 or 200 warm market prospects and are tentatively blundering through those, experiencing a great deal of rejection. All this and they haven’t made a penny in the business.
Now, I recognize that some programs offer the opportunity to retail products or services and make some money. Some people will do this. However, most people hate sales and will not be comfortable trying to sell products or services to their family and friends, so this is also not a viable avenue for making quick money.
The key is to have something that can be sold automatically through the internet – the best is an information product (i.e. e-book, training program, etc.). This product must have huge value and be appealing to people involved in network marketing. By offering this product, you accomplish several things. First, it’s a low ticket item compared to joining most network marketing companies, which will increase the number of people who buy. Second, it attracts exactly the people you want for your network marketing business. So, give some thought to writing an e-book or training program or using one that has already been written. Make sure it appeals to those interested in network marketing and has solid value.
2. Run out of warm market prospects – Social scientists say that we know 2,000 people and all we have to do is remember them and we’ve got a great base of prospects for our business. The problem with this is that there are very few of those people who are actually open to your business. Yes, they could all benefit from your product or service and from the financial and time freedom that can result from network marketing, but they still won’t join your company or mine or anyone else’s. So, that new associate is going to join your company and begin working through his/her warm market, getting “NO” after “NO” until they begin to doubt that it’s going to work for them. At that point, they are encouraged to purchase leads, which they have to call using a phone script. Most people would rather jump out of an airplane without out a chute than make cold calls to people they don’t know, so this typically doesn’t work and within 60 days or so, they quit returning your calls and e-mails and disappear into the network marketing twilight zone.
Selling in information product via the internet, will also eliminate this failure factor, as your internet-based system will be attracting quality leads 24 hours a day, 7 days a week and sending them right to your e-mail box. All you have to do is call and find out if they are looking for a network marketing; already with a company, but not happy; or with a company and happy. The first two categories are leads and you should introduce your company and your lead generation system that enables you to get paid to prospect. These people are already sold on network marketing, so all you have to do is present yourself, your business, and marketing system in such a way that they can see themselves doing it.
3. Afraid to approach people – Network marketing is an entrepreneurial type business that attracts primarily people who are not entrepreneurs. The problem with this is that most of the people who join your business or any other network marketing business are going to afraid to approach people. They don’t know what to say, are afraid that someone will ask a question they can’t answer, are concerned about what other people are going to think (particularly friends and family), and are afraid someone is going to get upset with them. Fear probably destroys more dreams than anything else in life and it is very active in network marketing. Fear can very quickly drive your very excited new associate out of the business in just a matter of days or weeks.
An internet-based marketing system is perfect, because you only talk with qualified people. This reduces the amount of rejection and increases the number of people joining your network. Plus, if you are using a system that works, you’ll never run out of quality leads.
4. Don’t know how to build on the internet – As you have probably recognized, internet marketing is the wave of the future. Everyone is talking about “social networking”, “You Tube presentations”, and funded business proposals. There are so many great opportunities for marketing on the internet and lot’s of training programs that will “teach you how to make millions on the internet.” The problem is that most of the people who join your business will not have a clue about how to build on the internet. So, the key is to find a simple, easy to understand program for marketing on the internet, that won’t distract them from their network marketing business.
This is a tough one, because the internet gets more complicated every day. So, you can either bite the bullet and pay thousands of dollars to learn how to develop an internet marketing system, hire someone and pay them thousands of dollars to design one or use an already proven system (see below). No matter how you do it, make sure you’ve got an internet marketing system working for you every day.
5. Aren’t trained properly – Some network marketing companies and upline teams do a great job of training, however this is more of a rarity than the norm. Unfortunately, most people who join network marketing companies are never trained properly and so they fail. It’s not their fault. The key to training is to have someone who has been there, done that, and made a lot of money do the training. However, usually that type of person in your upline is either too busy with his/her own huge downline or they are off enjoying the free time that results from a big residual income. Either way, people aren’t being trained. So, what is needed is a system, developed by a successful network marketer that will help you train your downline and give them something that will enable them to train their downline.
Check with your upline leaders to see what training is available and then devote time and resources to gaining the best training possible. The more you know, the better you will do (as long as you put that knowledge into action). Keep in mind that this is a business of duplication, so find trainings that teach methods that fit your personality and budget.
Now, that you know the five failure factors and what to do about them. The question is what are you going to do about it? Your answer and following actions will dictate your level of success in network marketing. If you’re going to be the leader of a large network, you’ll need to either find or develop a system that will eliminate or at least minimize the five failure factors. It will need to help new associates make money quickly – their first week or two in business. It will need to be a lead generation system, so they never run out of prospects. It will need to be something where they don’t have to make a lot of direct contacts with cold prospects, so as to reduce the feeling of rejection. It will need to be a simple, easy to use internet system that works for them 24/7. It will need to include simple to follow training that can get them started quickly. Finally, it can’t compete for their time with the network marketing business you and they are working.
Be assured that if you develop just such a system, it will help many of your downline go on to create full-time incomes in network marketing and reduce the failure rate in your network. If developed and implemented properly, a system like this will also dramatically increase your network marketing income. So, get to work and develop a system that will eliminate that five failure factors.
By: Rod Nichols
Article Source: http://www.articlesbase.com/business-opportunities-articles/the-five-failure-factors-in-network-marketing-460396.html
SEO and Common Sense
When it comes down to it search engines, visitors and business or personal website owners all want the same thing from the Internet. They all want the most interesting and relevant website links to appear when they search on any search engine or directory. This is why all SEO, no matter how cutting-edge or clever must be tempered by an intelligent degree of common sense.
Maybe you or a knowledgeable and tricky SEO company can make your shoe store website come up toward the top of the first page of search results for vitamins. But why? The visitor will just click away from the site as quickly as possible wondering what happened.
If you have a website that is only designed to send the user to other affiliate or Adsense links and the site does not really offer anything of interest then you will have to resort to whatever SEO tricks you possibly can to get the search engines to rank your site well. However, as more quality sites appear on the net with pages relevant to all search phrases these sites will climb the ranks due to lots of great content, longevity, relevancy and links.
Most businesses and professionals are looking to the Internet as a way of letting their potential public know of their existence and what they have to offer. It is more possible than you would think to rank well for your appropriate niche’ keywords and get the right, qualified public to your website.
Many years ago when I was just beginning to get involved in search engine optimization I read a short article about SEO that is as true today as it was eight or nine years ago. The writer said that the single most important part of optimizing your site and getting it ranking well in the search engines is content. Write one new page of content for your site every day and your website will climb the ranks. This is not the only important part of optimization but it is, in essence, the most valuable one. With no interesting content your website becomes as interesting as an empty warehouse or library with no books. But with content your site becomes a treasure chest for the visitor.
Content is not only pages of text. It can include a shopping cart filled with products and product descriptions. It can include downloadable gadgets and gimmicks. You can add jokes, anecdotes, and stories of success using your products. As long at it is relevant to your business and website it counts.
Another important aspect of is to tell others about your great content. Other non-competing websites will want to link to good, original content. This creates links going to your site and each relevant link is considered a “vote” for your site. Good quality relevant links tell the search engine ranking software that your site is important and valuable.
With knowledge of these simple techniques and a little information about how the search engines find, catalog and rank websites you’ll be ready to go. After that all it takes is time and conscientious effort. If you don’t have the time or interest to do the steps of search engine optimization this is when you should hire an outside company.
Meridith Berk is a major contributor to the Internet Advertising Dictionary where you can find out more about search engine optimization including Black Hat SEO and White Hat SEO Techniques. http://InternetAdvertisingDictionary.comArticle Source:http://www.articlesbase.com/internet-articles/seo-and-common-sense-914508.htmlConnecting Social Networking and Online Marketing For Work From Home Moms
Do you think you must be staying at home and making money because you are a mom? Do you have a feeling yourself is a social person? If you do then so many opportunities for work at home moms out there that can combine both Internet and social networking!
Before we get to that consider the primary benefit of staying at home using the Internet. The Internet never sleeps so you can work whenever your schedule allows. And by setting up an income that is built online even when you are not working you could be earning money.
Kids can be demanding and have erratic schedules at the same time. This is why so many moms are going online looking for ways to work at home.
1. One of the best ways to make money to combine Internet marketing and social networking is to start a network marketing business. Most moms do very excellent job as social networkers because they are naturally outgoing. It’s very natural for them to refer products that they like.
The Internet makes it possible to develop your own network marketing business from the comfort of your own home. You can still talk to people and sell products, but now you just refer them to your network marketing website.
A certain percentage of customers that you refer to your site will want to start their own Internet business too. Over time this can become extremely lucrative as you develop a worldwide network marketing business.
Social networking allows you to meet people online and develop relationships that you might not be able to do as a stay at home mom. You can join sites such as Twitter and Facebook and meet a lot of people all around the world.
All of these can potentially become customers and distributors that you work with. It’s a lot of fun to do Internet marketing and social networking this way.
2. The 2-Tier affiliate marketing programs is another way to make money on the efforts of others. As an affiliate marketer you will make money selling products for merchants you represent. You can find these programs all over the Internet and they are Free to join.
Several programs offer 2-tier payment plans. This means you can recruit affiliate marketers and make money on their sales as well. This is a great way to use your people skills and make a lot of money at the same time.
Affiliate marketing takes skills to be successful. Therefore you will need to educate yourself and put into practice what you learn. As you become successful you can pass that knowledge on to your personal affiliates in theses 2 tier programs.
In summary moms are finding ways to work at home combining Internet marketing and social network. Network marketing and two-tier affiliate programs are an excellent way to do that.
Whether you are looking for a part-time or a full-time income at home you have come to a right place. Kha Ton invites you to his website for moms work at home ideas and opportunities you can use to make money doing computer work from home:
=> http://www.khaony.com
Article Source:http://www.articlesbase.com/internet-articles/connecting-social-networking-and-online-marketing-for-work-from-home-moms-1156328.html
written by Bob Gatchel
Before we get to that consider the primary benefit of staying at home using the Internet. The Internet never sleeps so you can work whenever your schedule allows. And by setting up an income that is built online even when you are not working you could be earning money.
Kids can be demanding and have erratic schedules at the same time. This is why so many moms are going online looking for ways to work at home.
1. One of the best ways to make money to combine Internet marketing and social networking is to start a network marketing business. Most moms do very excellent job as social networkers because they are naturally outgoing. It’s very natural for them to refer products that they like.
The Internet makes it possible to develop your own network marketing business from the comfort of your own home. You can still talk to people and sell products, but now you just refer them to your network marketing website.
A certain percentage of customers that you refer to your site will want to start their own Internet business too. Over time this can become extremely lucrative as you develop a worldwide network marketing business.
Social networking allows you to meet people online and develop relationships that you might not be able to do as a stay at home mom. You can join sites such as Twitter and Facebook and meet a lot of people all around the world.
All of these can potentially become customers and distributors that you work with. It’s a lot of fun to do Internet marketing and social networking this way.
2. The 2-Tier affiliate marketing programs is another way to make money on the efforts of others. As an affiliate marketer you will make money selling products for merchants you represent. You can find these programs all over the Internet and they are Free to join.
Several programs offer 2-tier payment plans. This means you can recruit affiliate marketers and make money on their sales as well. This is a great way to use your people skills and make a lot of money at the same time.
Affiliate marketing takes skills to be successful. Therefore you will need to educate yourself and put into practice what you learn. As you become successful you can pass that knowledge on to your personal affiliates in theses 2 tier programs.
In summary moms are finding ways to work at home combining Internet marketing and social network. Network marketing and two-tier affiliate programs are an excellent way to do that.
Whether you are looking for a part-time or a full-time income at home you have come to a right place. Kha Ton invites you to his website for moms work at home ideas and opportunities you can use to make money doing computer work from home:
=> http://www.khaony.com
Article Source:http://www.articlesbase.com/internet-articles/connecting-social-networking-and-online-marketing-for-work-from-home-moms-1156328.html
written by Bob Gatchel
Network Marketing Tips For First Contact With a Prospect
Here are some network marketing tips for first contact with a prospect, involving making an excellent first impression. As we all know first impressions are everything in life and it's no different in network marketing, so you must avoid making yourself look a desperate marketer. You need to present yourself as a smart and sincere person, because there are hundreds of network marketers out there, so you must show your prospects that you are one of the best.
It is important for network marketers to understand, that prospects will join them, not their primary business opportunity, so giving something of value during the first contact with them, such as a free e-book or introduction to some free training, will be a major factor as to whether or not they will follow into their primary business after a few weeks or months.
The difference in success between a desperate and a smart marketer is immense.
Desperate network marketers, will continually push and promote their primary business for their own ends, without a thought about what their prospects really need. All their energy goes into dragging any unsuspecting prospect into their web by promises they very rarely keep and continually sell them programs that are of little help. This way does not build any strong foundations or lasting relationships and will eventually lead to failure.
Smart network marketers know that people need to be sure, that their sponsors really care about them and will help them fulfil their goals, so it's very important to be honest and sincere. Even before the prospect has joined their primary business, the smart marketer will provide everything the prospect needs, including helpful emails and tips. This way builds strong foundations and lasting relationships and will eventually lead to success.
The first phone conversation with any prospect, should start with asking if it's convenient for them to take the call, and make it clear who you are, once that's established the conversation should be all about them and their needs. When you ask why they want a network marketing business and what their goals are, it's important to write them down for future conversations, as it impresses to remember.
Also, find out what the prospect needs from you and how quick do they need to achieve their goals, listen intently to their responses without interruption, making notes. The more you listen the more your prospect will consider you as a expert/mentor, which is what you are, because you will be supplying value to them.
Written by: John Lovatt
We provide step by step training tutorials for anyone in network marketing Free at: http://LucrativeOnlineMarketing.com/training
Article Source: http://EzineArticles.com/?expert=John_Lovatt
It is important for network marketers to understand, that prospects will join them, not their primary business opportunity, so giving something of value during the first contact with them, such as a free e-book or introduction to some free training, will be a major factor as to whether or not they will follow into their primary business after a few weeks or months.
The difference in success between a desperate and a smart marketer is immense.
Desperate network marketers, will continually push and promote their primary business for their own ends, without a thought about what their prospects really need. All their energy goes into dragging any unsuspecting prospect into their web by promises they very rarely keep and continually sell them programs that are of little help. This way does not build any strong foundations or lasting relationships and will eventually lead to failure.
Smart network marketers know that people need to be sure, that their sponsors really care about them and will help them fulfil their goals, so it's very important to be honest and sincere. Even before the prospect has joined their primary business, the smart marketer will provide everything the prospect needs, including helpful emails and tips. This way builds strong foundations and lasting relationships and will eventually lead to success.
The first phone conversation with any prospect, should start with asking if it's convenient for them to take the call, and make it clear who you are, once that's established the conversation should be all about them and their needs. When you ask why they want a network marketing business and what their goals are, it's important to write them down for future conversations, as it impresses to remember.
Also, find out what the prospect needs from you and how quick do they need to achieve their goals, listen intently to their responses without interruption, making notes. The more you listen the more your prospect will consider you as a expert/mentor, which is what you are, because you will be supplying value to them.
Written by: John Lovatt
We provide step by step training tutorials for anyone in network marketing Free at: http://LucrativeOnlineMarketing.com/training
Article Source: http://EzineArticles.com/?expert=John_Lovatt
The Twelve Power Secrets for Network Marketing Success
Power Secret One: Select the Right Company
During my nearly 29 years of network marketing, I’ve selected the wrong company a number of times. Not that the company was bad, although there were a few that were, but rather they weren’t a good fit for me. Even if a company is growing rapidly, has an amazing product, solid compensation plan, and great marketing materials, it doesn’t mean that it’s right for everyone. The questions you have to ask are: Does the company have the same values as mine? Are they marketing in a way that is suitable to my personality? Do they offer a product or service that I can get passionate about? Is the compensation plan suited to my abilities, time commitment, and talents? Once you answer these and other questions, you will have a better feel for whether a company is right for you and although selecting the right company doesn’t guarantee success, it does drastically increase the odds. The key is to do your due diligence and make a good selection.
Power Secret Two: Pick the Right Sponsor
One of the biggest mistakes I see made in network marketing is picking the wrong sponsor. Typically one of two things happens. Either a person gets sponsored by a friend, family member, or associate, who doesn’t know anything more about building a successful network marketing business than they do. The second option usually happens after a bad experience with the first option and so they begin researching to find a big hitter to sponsor them. The problem with being sponsored by a big hitter is that they don’t always have time to work closely with new people. After all they probably have thousands of people in their network, all needing some level of attention. The key here is to be sponsored by someone who is serious about building a big business and is willing to dedicate the time to help you succeed. It’s also important that your sponsor have similar values and be someone you would enjoy working with very closely. Again, picking the right sponsor doesn’t guarantee success, but it sure helps.
Power Secret Three: Develop Purpose, Goals, and Objectives
Over the years I’ve trained and coached tens of thousands of network marketers and have found that most don’t really know why they are in business. It’s critical to long-term success to have a solid “why” or purpose for being in business. It might be to have more time freedom to enjoy your family or to secure your financial future, so you can give your time to ministry or charity work. It might be to become the largest contributor to a charity or ministry. Whatever your purpose, it needs to be vibrant enough to keep you going during the tough times. Once you have a solid purpose, then you must determine what needs to happen in order to achieve that purpose – these are called goals and are the stepping stones or road signs along the way toward your purpose. Goals need to be written and reviewed daily. Often goals are too big to determine what to do on a daily basis, so you should break them down into manageable activities called objectives. Start each day by reviewing your purpose, goals, and objectives, then start working on the highest priority objectives and you will quickly reach your goals and achieve your purpose.
Power Secret Four: Right Attitudes and Beliefs
Many people fail in network marketing because they don’t have the right attitude. They treat their business like a hobby, working at it whenever time allows, rather than treating it like a business and scheduling regular time for business activities. I’ve also encountered many people in network marketing businesses, who show signs that they believe that what they are doing isn’t quite on the up and up, which makes it difficult for them to talk with people. It’s critical to success in network marketing to build belief in three areas: First, is believing in the network marketing industry (if you are struggling in this area, order my book The Ideal Business, by visiting my web site at www.RodNichols.com and clicking on Store). Second, is believing in your company and the products/services. Third, is believing in yourself as a network marketing business owner. If your belief is not strong in all three areas, success will elude you.
Power Secret Five: Treat it Like a Business, Not a Hobby
What does this mean? Most people who enter the network marketing industry have never run a business, so they don’t know what it means to treat it like a business. The keys are to first have the right attitude and second the right actions. Network marketing is one of the very few businesses that can be built while still employed at something else. The great part is that you keep your current income, while building another stream, which eventually will replace the first source. However, in order to do that, you must do the things that successful business people do. You must be consistent and persistent with your business and work on the most productive activities every day. Finally, you need to make a long-term commitment to your business. I have to laugh when someone says they’ll give it a try for six months or so. I’ve owned businesses, both network marketing and traditional, for many years and I’ve yet to find one that would produce a full-time income within six months, while building it on a part-time basis. Yes, some people earn big time income in network marketing within their first six months, but it’s because they put in a more than full-time effort or already had a massive circle of influence. For the average person, like me and probably you, it’s going to take some time and effort to build your business, but if you do it right for the next few years, you’ll never have to worry about money again.
Power Secret Six: Have a M.A.P.
If you were going to drive your car from Seattle, WA to Orlando, FL, would you just jump on the nearest highway and start driving, in hopes that some day soon you’d reach Orlando? No, that would be ludicrous and yet, that’s how most people build a network marketing business. It’s a journey and you need a M.A.P., which stands for Marketing Action Plan. This plan will guide you from where you are right now to where you want to go in life. It should include your purpose, goals, objectives, marketing strategies, and a daily plan to implement those strategies. That way, you are always on track toward your goals and purpose.
Power Secret Seven: Become a Master Prospector
If you were wandering through a field and stumbled across a goldmine, you would immediately buy the lot, purchase digging equipment, and begin to mine the gold. Well, you have stumbled across a goldmine and it’s in your network marketing business. The key is to prospect for the gold nuggets among your friends, family, co-workers, neighbors, congregation members, people out on the internet, and people you meet out in public. There is a direct relationship between the quantity/quality of prospecting and the amount of money you make, so become a master prospector and watch your income sky rocket.
Power Secret Eight: Treat Different People Differently
If you are treating everyone exactly the same, then you’re missing the boat with 75% of them. There are four basic personalities and although we operate at times in all four, every person functions primarily in one of the four. By understanding the characteristics of each personality, you can better communicate and present to prospects, plus train and support those in your network. Understanding and recognizing the different personalities will increase your sponsoring and retention ratios.
Power Secret Nine: Become a Master Presenter
There is an old saying that says “facts tell and stories sell.” If you want to become a successful network marketer, you must become an excellent story teller. At first, you will tell the stories of successful people in your upline and later you’ll share your own success story. People love to hear stories and will better retain the information you’re presenting. Effective story telling is one part of becoming a master presenter and by becoming one, you will move yourself into the ranks of the top performers in your company.
Power Secret Ten: Become a Savvy Internet Marketer
The basis of network marketing is building networks of people who buy and sell products/services. What better place to build a network of people than on a natural worldwide network called the internet? According to Internet World Stats, which you can view at www.internetworldstats.com/stats.htm, as of 2006 there were a little over one billion people on the internet worldwide and that’s up from 101 million in 1998. As you can see, the internet is growing rapidly and is the place to build a network marketing business. However, it’s easy to get lost or overwhelmed on and by the internet, so the key is to learn how to be a savvy internet network marketer. First, you want to have an effective lead capturing web site with autoresponders that follow-up on your prospects. Second, you’ll need an effective database or contact management system that helps you remember to follow-up personally with qualified prospects. Third, you want to have an excellent online presentation system including web site based presentations in flash or video and live webinars. Fourth, you’ll need to have a pass-coded training web site that takes your new associates through some basic training. From there you’ll want to learn about funded business proposals (check out my new funded business proposal system www.the2percentplan.com/plus), pay-per-click advertising, and social marketing. Becoming a savvy internet marketer will add a number of effective business building weapons to your arsenal and help you build a large and lucrative business.
Power Secret Eleven: Develop Leaders
When I joined the industry in 1979, I was taught that if a person could fog a mirror I should attempt to sponsor them. Well, it’s one thing to sponsor a bunch of people and it’s something completely different to develop leaders. Leaders will duplicate, causing expansion of your network without any effort on your part. Leaders will attract other leaders and potential leaders, so learn how to identify and sponsor leaders, plus how to train and develop them. Once you’ve developed several organizations that have at least one leader, you will have a solid base for building a long-term walk-away residual income.
Power Secret Twelve: The Ultimate Power Secret
This is actually the most important of the power secrets. You can effectively use the other eleven and without the ultimate power secret you will still only enjoy marginal results. This is the difference between a double A battery and 220volts of electricity. In fact, the ultimate secret is the real power behind every success. Think about your computer. You could have the latest, greatest, and most powerful computer made by man, but if you don’t plug it into the wall and power it up, the computer is useless. Once you plug into the ultimate power source, amazing things will begin to happen – leaders will be attracted to you and your business, your marketing campaigns produce better results, and you suddenly know exactly what to say to a prospect. This is the culmination of all the power secrets for network marketing success.
Everything you need for massive network marketing success is contained in these twelve power secrets. However, failure or success is truly in your hands and is dependent on what you do with this knowledge. Obviously, I couldn’t include all of the information in each power secret or this would have been a very, very long article, so if you’re serious about building a large and lucrative network marketing business, you might want to pick up a copy of my new book by visiting www.RodNichols.com (store). However, even with all the information, it’s still up to you. Knowledge is power, but only when put into action, so the question is whether you are ready for success or not? If you are, then put this knowledge into action and in a few months to a few years you’ll enjoy the fruits of your labor – financial and time freedom.
Written by: Rod Nichols
More information about Rod, his fees, and other great network marketing resources are available on his website at www.RodNichols.com.
Article Source:
http://www.articlesbase.com/business-opportunities-articles/the-twelve-power-secrets-for-network-marketing-success-460398.html
During my nearly 29 years of network marketing, I’ve selected the wrong company a number of times. Not that the company was bad, although there were a few that were, but rather they weren’t a good fit for me. Even if a company is growing rapidly, has an amazing product, solid compensation plan, and great marketing materials, it doesn’t mean that it’s right for everyone. The questions you have to ask are: Does the company have the same values as mine? Are they marketing in a way that is suitable to my personality? Do they offer a product or service that I can get passionate about? Is the compensation plan suited to my abilities, time commitment, and talents? Once you answer these and other questions, you will have a better feel for whether a company is right for you and although selecting the right company doesn’t guarantee success, it does drastically increase the odds. The key is to do your due diligence and make a good selection.
Power Secret Two: Pick the Right Sponsor
One of the biggest mistakes I see made in network marketing is picking the wrong sponsor. Typically one of two things happens. Either a person gets sponsored by a friend, family member, or associate, who doesn’t know anything more about building a successful network marketing business than they do. The second option usually happens after a bad experience with the first option and so they begin researching to find a big hitter to sponsor them. The problem with being sponsored by a big hitter is that they don’t always have time to work closely with new people. After all they probably have thousands of people in their network, all needing some level of attention. The key here is to be sponsored by someone who is serious about building a big business and is willing to dedicate the time to help you succeed. It’s also important that your sponsor have similar values and be someone you would enjoy working with very closely. Again, picking the right sponsor doesn’t guarantee success, but it sure helps.
Power Secret Three: Develop Purpose, Goals, and Objectives
Over the years I’ve trained and coached tens of thousands of network marketers and have found that most don’t really know why they are in business. It’s critical to long-term success to have a solid “why” or purpose for being in business. It might be to have more time freedom to enjoy your family or to secure your financial future, so you can give your time to ministry or charity work. It might be to become the largest contributor to a charity or ministry. Whatever your purpose, it needs to be vibrant enough to keep you going during the tough times. Once you have a solid purpose, then you must determine what needs to happen in order to achieve that purpose – these are called goals and are the stepping stones or road signs along the way toward your purpose. Goals need to be written and reviewed daily. Often goals are too big to determine what to do on a daily basis, so you should break them down into manageable activities called objectives. Start each day by reviewing your purpose, goals, and objectives, then start working on the highest priority objectives and you will quickly reach your goals and achieve your purpose.
Power Secret Four: Right Attitudes and Beliefs
Many people fail in network marketing because they don’t have the right attitude. They treat their business like a hobby, working at it whenever time allows, rather than treating it like a business and scheduling regular time for business activities. I’ve also encountered many people in network marketing businesses, who show signs that they believe that what they are doing isn’t quite on the up and up, which makes it difficult for them to talk with people. It’s critical to success in network marketing to build belief in three areas: First, is believing in the network marketing industry (if you are struggling in this area, order my book The Ideal Business, by visiting my web site at www.RodNichols.com and clicking on Store). Second, is believing in your company and the products/services. Third, is believing in yourself as a network marketing business owner. If your belief is not strong in all three areas, success will elude you.
Power Secret Five: Treat it Like a Business, Not a Hobby
What does this mean? Most people who enter the network marketing industry have never run a business, so they don’t know what it means to treat it like a business. The keys are to first have the right attitude and second the right actions. Network marketing is one of the very few businesses that can be built while still employed at something else. The great part is that you keep your current income, while building another stream, which eventually will replace the first source. However, in order to do that, you must do the things that successful business people do. You must be consistent and persistent with your business and work on the most productive activities every day. Finally, you need to make a long-term commitment to your business. I have to laugh when someone says they’ll give it a try for six months or so. I’ve owned businesses, both network marketing and traditional, for many years and I’ve yet to find one that would produce a full-time income within six months, while building it on a part-time basis. Yes, some people earn big time income in network marketing within their first six months, but it’s because they put in a more than full-time effort or already had a massive circle of influence. For the average person, like me and probably you, it’s going to take some time and effort to build your business, but if you do it right for the next few years, you’ll never have to worry about money again.
Power Secret Six: Have a M.A.P.
If you were going to drive your car from Seattle, WA to Orlando, FL, would you just jump on the nearest highway and start driving, in hopes that some day soon you’d reach Orlando? No, that would be ludicrous and yet, that’s how most people build a network marketing business. It’s a journey and you need a M.A.P., which stands for Marketing Action Plan. This plan will guide you from where you are right now to where you want to go in life. It should include your purpose, goals, objectives, marketing strategies, and a daily plan to implement those strategies. That way, you are always on track toward your goals and purpose.
Power Secret Seven: Become a Master Prospector
If you were wandering through a field and stumbled across a goldmine, you would immediately buy the lot, purchase digging equipment, and begin to mine the gold. Well, you have stumbled across a goldmine and it’s in your network marketing business. The key is to prospect for the gold nuggets among your friends, family, co-workers, neighbors, congregation members, people out on the internet, and people you meet out in public. There is a direct relationship between the quantity/quality of prospecting and the amount of money you make, so become a master prospector and watch your income sky rocket.
Power Secret Eight: Treat Different People Differently
If you are treating everyone exactly the same, then you’re missing the boat with 75% of them. There are four basic personalities and although we operate at times in all four, every person functions primarily in one of the four. By understanding the characteristics of each personality, you can better communicate and present to prospects, plus train and support those in your network. Understanding and recognizing the different personalities will increase your sponsoring and retention ratios.
Power Secret Nine: Become a Master Presenter
There is an old saying that says “facts tell and stories sell.” If you want to become a successful network marketer, you must become an excellent story teller. At first, you will tell the stories of successful people in your upline and later you’ll share your own success story. People love to hear stories and will better retain the information you’re presenting. Effective story telling is one part of becoming a master presenter and by becoming one, you will move yourself into the ranks of the top performers in your company.
Power Secret Ten: Become a Savvy Internet Marketer
The basis of network marketing is building networks of people who buy and sell products/services. What better place to build a network of people than on a natural worldwide network called the internet? According to Internet World Stats, which you can view at www.internetworldstats.com/stats.htm, as of 2006 there were a little over one billion people on the internet worldwide and that’s up from 101 million in 1998. As you can see, the internet is growing rapidly and is the place to build a network marketing business. However, it’s easy to get lost or overwhelmed on and by the internet, so the key is to learn how to be a savvy internet network marketer. First, you want to have an effective lead capturing web site with autoresponders that follow-up on your prospects. Second, you’ll need an effective database or contact management system that helps you remember to follow-up personally with qualified prospects. Third, you want to have an excellent online presentation system including web site based presentations in flash or video and live webinars. Fourth, you’ll need to have a pass-coded training web site that takes your new associates through some basic training. From there you’ll want to learn about funded business proposals (check out my new funded business proposal system www.the2percentplan.com/plus), pay-per-click advertising, and social marketing. Becoming a savvy internet marketer will add a number of effective business building weapons to your arsenal and help you build a large and lucrative business.
Power Secret Eleven: Develop Leaders
When I joined the industry in 1979, I was taught that if a person could fog a mirror I should attempt to sponsor them. Well, it’s one thing to sponsor a bunch of people and it’s something completely different to develop leaders. Leaders will duplicate, causing expansion of your network without any effort on your part. Leaders will attract other leaders and potential leaders, so learn how to identify and sponsor leaders, plus how to train and develop them. Once you’ve developed several organizations that have at least one leader, you will have a solid base for building a long-term walk-away residual income.
Power Secret Twelve: The Ultimate Power Secret
This is actually the most important of the power secrets. You can effectively use the other eleven and without the ultimate power secret you will still only enjoy marginal results. This is the difference between a double A battery and 220volts of electricity. In fact, the ultimate secret is the real power behind every success. Think about your computer. You could have the latest, greatest, and most powerful computer made by man, but if you don’t plug it into the wall and power it up, the computer is useless. Once you plug into the ultimate power source, amazing things will begin to happen – leaders will be attracted to you and your business, your marketing campaigns produce better results, and you suddenly know exactly what to say to a prospect. This is the culmination of all the power secrets for network marketing success.
Everything you need for massive network marketing success is contained in these twelve power secrets. However, failure or success is truly in your hands and is dependent on what you do with this knowledge. Obviously, I couldn’t include all of the information in each power secret or this would have been a very, very long article, so if you’re serious about building a large and lucrative network marketing business, you might want to pick up a copy of my new book by visiting www.RodNichols.com (store). However, even with all the information, it’s still up to you. Knowledge is power, but only when put into action, so the question is whether you are ready for success or not? If you are, then put this knowledge into action and in a few months to a few years you’ll enjoy the fruits of your labor – financial and time freedom.
Written by: Rod Nichols
More information about Rod, his fees, and other great network marketing resources are available on his website at www.RodNichols.com.
Article Source:
http://www.articlesbase.com/business-opportunities-articles/the-twelve-power-secrets-for-network-marketing-success-460398.html
MLM Sponsor- The Fine Line Between Dependency and Confidence
I do believe that MLM sponsors have a difficult job. They walk the fine line between being there to help their downline and doing too much to the point of creating an atmosphere of dependency.
Even with all of the excellent training available on the Internet today some people still do not really understand network marketing. What they do know is they all want to earn more money and in many cases do as little as work as needed to achieve that.
The Internet has leveled the playing field when it comes to building an MLM business. You don’t have to be particularly good at prospecting or presenting if you represent the right network marketing program.
All the prospecting can be done for you right on the Internet. In many cases you can participate in co-op advertising programs where the leads for your business are even created for you.
Some systems are so sophisticated they will even import leads directly into an autoresponder and follow-up for you. In many cases they will directly enroll them into your MLM business and place them right in your downline.
For people who have money they can build an MLM business and do it almost completely hands-off. However the problem comes in when you have to teach your downline what you are doing.
Many people cannot afford to purchase leads so they must learn how to build their business online using free advertising methods. This includes the rapidly rising in popularity method of social networking.
If you are the type of sponsor who is building a business doing social networking you may find yourself trying to do too much for your downline. If you’re not willing to let people fail on their own to a certain extent they can become dependent on you to do everything for them.
The biggest waste of time is the amount of time you spend answering emails to questions that could be found right on the network marketing company website. Some people lack the confidence to do even the littlest things and become dependent on you as their upline or sponsor.
The quicker you can cut the cord with these types of people the better off both of you will be. Network marketers need to develop confidence and learn how to do online marketing the same way everyone else is today.
The faster you can identify the type of distributor you are working with the better off you will be. As their sponsor if they have money they are probably better off using the system provided by the company.
If they do not have money they will need to learn how to build their MLM business using marketing tools provided by the company. Your job is to assist in that and help only to the point they develop the confidence it takes to build their own business.
Jeff Schuman invites you to visit his make money online website, the #1 network marketing business, for JV With Jeff free training, and 101 reasons to join MyWorldPlus today.
Article Source:http://www.articlesbase.com/internet-articles/mlm-sponsor-the-fine-line-between-dependency-and-confidence-1272170.html
Even with all of the excellent training available on the Internet today some people still do not really understand network marketing. What they do know is they all want to earn more money and in many cases do as little as work as needed to achieve that.
The Internet has leveled the playing field when it comes to building an MLM business. You don’t have to be particularly good at prospecting or presenting if you represent the right network marketing program.
All the prospecting can be done for you right on the Internet. In many cases you can participate in co-op advertising programs where the leads for your business are even created for you.
Some systems are so sophisticated they will even import leads directly into an autoresponder and follow-up for you. In many cases they will directly enroll them into your MLM business and place them right in your downline.
For people who have money they can build an MLM business and do it almost completely hands-off. However the problem comes in when you have to teach your downline what you are doing.
Many people cannot afford to purchase leads so they must learn how to build their business online using free advertising methods. This includes the rapidly rising in popularity method of social networking.
If you are the type of sponsor who is building a business doing social networking you may find yourself trying to do too much for your downline. If you’re not willing to let people fail on their own to a certain extent they can become dependent on you to do everything for them.
The biggest waste of time is the amount of time you spend answering emails to questions that could be found right on the network marketing company website. Some people lack the confidence to do even the littlest things and become dependent on you as their upline or sponsor.
The quicker you can cut the cord with these types of people the better off both of you will be. Network marketers need to develop confidence and learn how to do online marketing the same way everyone else is today.
The faster you can identify the type of distributor you are working with the better off you will be. As their sponsor if they have money they are probably better off using the system provided by the company.
If they do not have money they will need to learn how to build their MLM business using marketing tools provided by the company. Your job is to assist in that and help only to the point they develop the confidence it takes to build their own business.
Jeff Schuman invites you to visit his make money online website, the #1 network marketing business, for JV With Jeff free training, and 101 reasons to join MyWorldPlus today.
Article Source:http://www.articlesbase.com/internet-articles/mlm-sponsor-the-fine-line-between-dependency-and-confidence-1272170.html
Why we Fail and What you can do About it
There are many more people that fail in network marketing than people who will succeed. It is said that 97% of network marketers fail, while 3% will be successful. Why is that? well, there are many reasons including lack of action, poor education, and unreal expectations, but the real reason people fail is their fear of failure.
The fear of failure paralyzes peoples ambitions. Network marketers that fail most, commonly lack action, they lack action because they are scared. Failure is your best friend!!! huh? you ask... Failure is your best friend!!! I cannot emphasize that enough. Every time you fail, you learn. Many of the most successful people in the world will tell you they have failed many times before they achieved their goals.
If people like Warren Buffet or Donald Trump let the fear of failure paralyze them when they were striving to achieve their dreams then we wouldn't have heard of them because they would have been average people just like the rest of us.
Buffet, Trump and many other successful people graciously accept failure because they know it is part of life and the lessons learned from failing can be used constructively in their future endeavors.
You must accept that failure will happen and get used to it! If you don't ask, then the answer is always no. If you don't try, then the result is inactivity. Get out there and graciously accept failure as it comes, you will be better in your future endeavors because of it.
In network marketing, if your not talking about your business then you are not working it. Being active means you are sampling product, prospecting over the web, and simply sharing your opportunity everywhere you can.
Some people think the high failure rate is because of a lack of education and there may be some truth to that but I assure you that good companies will provide plenty of opportunity to educate yourself.
People who advertise with unattainable promises such as, "Earn $5000.00 a week in just a month, find out how I did it!" or "I've discovered a secret, after years of never sponsoring anyone I found the secret that exploded my business, I will share this with you for only $xx.xx" are not quality people. Those are the ads and people that give network marketing a bad name! True professionals do not need gimmicks to sell themselves.
That leads me to the next reason people fail in network marketing and that is unreal expectations. It is said that most companies do not break even until after year one. As a distributor you should consider yourself a business, you must be willing to put some blood, sweat and tears into your business to get it rolling. It will not happen overnight because it is not a get rich quick scheme.
Many new distributors get to about month three in their new opportunity and are discouraged because they are spending more than they are earning back. People decide to quit trying at this point and they became another statistic for the failure rate.
There are many opportunities out there for you to be successful. People want to be around successful individuals who can help them achieve their goals, be that person. Overcome your fear of failure and use it to your advantage. Take your weaknesses and work on them. If you are scared to talk to people on the phone, try cold calling lists. This will not result in getting more distributors, but it will help you get over your fear of the phone.
Ultimately, your path is up to you. No one is responsible for your success except you and you can choose to be average, or be part of the 3% percent who excel.
The fear of failure paralyzes peoples ambitions. Network marketers that fail most, commonly lack action, they lack action because they are scared. Failure is your best friend!!! huh? you ask... Failure is your best friend!!! I cannot emphasize that enough. Every time you fail, you learn. Many of the most successful people in the world will tell you they have failed many times before they achieved their goals. If people like Warren Buffet or Donald Trump let the fear of failure paralyze them when they were striving to achieve their dreams then we wouldn't have heard of them because they would have been average people just like the rest of us.
Buffet, Trump and many other successful people graciously accept failure because they know it is part of life and the lessons learned from failing can be used constructively in their future endeavors.
You must accept that failure will happen and get used to it! If you don't ask, then the answer is always no. If you don't try, then the result is inactivity. Get out there and graciously accept failure as it comes, you will be better in your future endeavors because of it.
In network marketing, if your not talking about your business then you are not working it. Being active means you are sampling product, prospecting over the web, and simply sharing your opportunity everywhere you can.
Some people think the high failure rate is because of a lack of education and there may be some truth to that but I assure you that good companies will provide plenty of opportunity to educate yourself.
People who advertise with unattainable promises such as, "Earn $5000.00 a week in just a month, find out how I did it!" or "I've discovered a secret, after years of never sponsoring anyone I found the secret that exploded my business, I will share this with you for only $xx.xx" are not quality people. Those are the ads and people that give network marketing a bad name! True professionals do not need gimmicks to sell themselves.
That leads me to the next reason people fail in network marketing and that is unreal expectations. It is said that most companies do not break even until after year one. As a distributor you should consider yourself a business, you must be willing to put some blood, sweat and tears into your business to get it rolling. It will not happen overnight because it is not a get rich quick scheme.
Many new distributors get to about month three in their new opportunity and are discouraged because they are spending more than they are earning back. People decide to quit trying at this point and they became another statistic for the failure rate.
There are many opportunities out there for you to be successful. People want to be around successful individuals who can help them achieve their goals, be that person. Overcome your fear of failure and use it to your advantage. Take your weaknesses and work on them. If you are scared to talk to people on the phone, try cold calling lists. This will not result in getting more distributors, but it will help you get over your fear of the phone.
Ultimately, your path is up to you. No one is responsible for your success except you and you can choose to be average, or be part of the 3% percent who excel.
How Network Marketing Works
Network Marketing is a simple concept that takes a lot of hard work, persistence, commitment and consistency. Not everyone is able to be successful, but for many people it is an extremely lucrative business. The type of person that makes it in this industry has the ability to be a self starter, a will to be successful, the patience to build an organization and most of all the people skills necessary to communicate.
In its simplest form, network marketing is an individual who markets a product or service in order to gain a network of distributors and customers. As simple as it sounds, most who are in the industry will tell you it is difficult to to build. This is because network marketing consists of lead generation, follow up, and the coaching of others in an organization to duplicate your efforts.
Finding qualified leads for a beginner can be an exhausting task but with perseverance, and proper training, leads will be generated.
The industry has transformed since the inception of the internet. Previously network marketing only consisted of face to face interactions and the uncomfortable task of begging family and friends to join you. Today you can use the internet to develop more qualified leads.
Using the internet allows for automation of lead development and a much larger viewing audience for your presentation. It also replaces the need for a distributor to use cold calling tactics, which are hardly if ever effective. One can still be successful prospecting without the internet but they will find the amount of leads will be significantly less.
So, the first part of doing network marketing is lead generation, which for beginners can be a daunting task. Second to lead generation is follow up. This is usually done with an auto-responder email or an email from you as soon as possible. Follow up is also where you need your people skills. You do not need to be a salesman because if the prospect does not understand why this industry is so great and they end up being persuaded into the industry, they will most likely never be an active distributor. Many good companies will provide you with a phone script that you can follow until you feel comfortable enough to work without it.
Thirdly, we will assume you have successfully signed up a new distributor. It will be your task to help them achieve success because their level of success will directly impact your income. You must be able to teach your distributors to do what your doing and to develop an organization of their own.
You must see the big picture... being a successful network marketer does not happen overnight. It can take a year or more to even see a significant income and much longer to achieve what you hear from all those ads on the internet... "6 figure income in 1 month, let me show you how!" When you see ads guaranteeing immediate success consider it a red flag because companies promising unattainable instant results are what gives network marketing a bad image.
On paper it seems simple, but it is truly a test of endurance and if you have the patience and tenacity to actively build an organization you can achieve all that the industry can offer.
In its simplest form, network marketing is an individual who markets a product or service in order to gain a network of distributors and customers. As simple as it sounds, most who are in the industry will tell you it is difficult to to build. This is because network marketing consists of lead generation, follow up, and the coaching of others in an organization to duplicate your efforts.
Finding qualified leads for a beginner can be an exhausting task but with perseverance, and proper training, leads will be generated.
The industry has transformed since the inception of the internet. Previously network marketing only consisted of face to face interactions and the uncomfortable task of begging family and friends to join you. Today you can use the internet to develop more qualified leads.
Using the internet allows for automation of lead development and a much larger viewing audience for your presentation. It also replaces the need for a distributor to use cold calling tactics, which are hardly if ever effective. One can still be successful prospecting without the internet but they will find the amount of leads will be significantly less.
So, the first part of doing network marketing is lead generation, which for beginners can be a daunting task. Second to lead generation is follow up. This is usually done with an auto-responder email or an email from you as soon as possible. Follow up is also where you need your people skills. You do not need to be a salesman because if the prospect does not understand why this industry is so great and they end up being persuaded into the industry, they will most likely never be an active distributor. Many good companies will provide you with a phone script that you can follow until you feel comfortable enough to work without it.
Thirdly, we will assume you have successfully signed up a new distributor. It will be your task to help them achieve success because their level of success will directly impact your income. You must be able to teach your distributors to do what your doing and to develop an organization of their own.
You must see the big picture... being a successful network marketer does not happen overnight. It can take a year or more to even see a significant income and much longer to achieve what you hear from all those ads on the internet... "6 figure income in 1 month, let me show you how!" When you see ads guaranteeing immediate success consider it a red flag because companies promising unattainable instant results are what gives network marketing a bad image.
On paper it seems simple, but it is truly a test of endurance and if you have the patience and tenacity to actively build an organization you can achieve all that the industry can offer.
How to Choose a Network Marketing Company
You have decided its time for you to find a network marketing company and now your wondering where to start...
The next step is enormously important, choosing the right MLM company can be the single most important decision you will make in your network marketing career. To start, you should be able to answer-- what is network marketing? and how does network marketing work? If you already understand both of those, than you are ready to find a company.
With so many companies, how do you choose the right one for you? There is no simple solution to this question, and if you follow my guidelines you will recognize which companies have the right attributes for your success.
I suggest the 3 P's approach which was introduced to me by my mentor Bob Gatchel. The 3 P's approach is a straight forward guide for individuals to follow when considering a company. So, what are the 3 P's? They are...
To learn what is important about the people Click Here!
The next step is enormously important, choosing the right MLM company can be the single most important decision you will make in your network marketing career. To start, you should be able to answer-- what is network marketing? and how does network marketing work? If you already understand both of those, than you are ready to find a company.
With so many companies, how do you choose the right one for you? There is no simple solution to this question, and if you follow my guidelines you will recognize which companies have the right attributes for your success.
I suggest the 3 P's approach which was introduced to me by my mentor Bob Gatchel. The 3 P's approach is a straight forward guide for individuals to follow when considering a company. So, what are the 3 P's? They are...
The Plan
Compensation plans are difficult to understand and even more difficult to explain. It is important to understand what a good compensation plan looks like because it is going to determine how you will earn commission.
There are so many different types of compensation plans you really must look closely at the one being offered to you. You are going to come across various matrix and binary plans. You will even see a single leg plan if you look hard enough.
Most MLM compensation plans are good because it allows you to benefit from the efforts of people above you and below you. If you are lucky enough to get into a business where your upline enrolls a lot of people underneath you, you really can benefit from that.
However if you’re in a business where you are expected to enroll a lot of people personally to make any money it will be much more difficult. The primary problem with this is the attrition rate that comes with MLM businesses.
The high attrition rate can also be attributed to inexperience. Many beginner network marketers believe that they will get rich quick with minimal effort and that is not the case at all. Usually they are in the company around three months, all of which they have paid out more than they have earned back and they decide this must be a scam because they have not earned any money.
Some people just simply do not put in the work necessary to earn an income within three months, while many times the compensation plan just does not pay sufficiently at the entry levels. I will talk more about these plans below...
One of the reasons I chose the Featured Opportunity that I did is because they are determined to lower the attrition rate within their company. They are doing this by putting some money that would otherwise go to the company into a credit for the distributor that goes directly for their monthly purchase. They are the first company to offer it and I think it is revolutionary. They made it so a distributor can sponsor two to six people depending and cover their operating costs. Its called the Break-Even-Bonus. Learn about the details of the Break-Even-Bonus by going to my Featured Opportunity.
Every company will have different wrinkles in their compensation plan to make them unique and it is important to try as best as you can to understand the different plans in the industry. Understanding means, you can recognize how they work and will function in a given company.
Also, many companies are using hybrid plans that are a combination of different plans. Many times these can be very good for you because they take two plans and mix their strongest features in order to give you the best chance to be successful.
A good company will have educational presentations on how their plans work. When you choose a company study these presentations because inevitably you will be asked by many of your prospects how the pay plan works.
These are the different pay plans that you will most likely see...
Unilevel Plans
Binary Plans
Australian Plans
Matrix Plans
Compression Plans
To Find out what is important to look for in a Product click here!
There are so many different types of compensation plans you really must look closely at the one being offered to you. You are going to come across various matrix and binary plans. You will even see a single leg plan if you look hard enough.
Most MLM compensation plans are good because it allows you to benefit from the efforts of people above you and below you. If you are lucky enough to get into a business where your upline enrolls a lot of people underneath you, you really can benefit from that.
However if you’re in a business where you are expected to enroll a lot of people personally to make any money it will be much more difficult. The primary problem with this is the attrition rate that comes with MLM businesses.
The high attrition rate can also be attributed to inexperience. Many beginner network marketers believe that they will get rich quick with minimal effort and that is not the case at all. Usually they are in the company around three months, all of which they have paid out more than they have earned back and they decide this must be a scam because they have not earned any money.
Some people just simply do not put in the work necessary to earn an income within three months, while many times the compensation plan just does not pay sufficiently at the entry levels. I will talk more about these plans below...
One of the reasons I chose the Featured Opportunity that I did is because they are determined to lower the attrition rate within their company. They are doing this by putting some money that would otherwise go to the company into a credit for the distributor that goes directly for their monthly purchase. They are the first company to offer it and I think it is revolutionary. They made it so a distributor can sponsor two to six people depending and cover their operating costs. Its called the Break-Even-Bonus. Learn about the details of the Break-Even-Bonus by going to my Featured Opportunity.
Every company will have different wrinkles in their compensation plan to make them unique and it is important to try as best as you can to understand the different plans in the industry. Understanding means, you can recognize how they work and will function in a given company.
Also, many companies are using hybrid plans that are a combination of different plans. Many times these can be very good for you because they take two plans and mix their strongest features in order to give you the best chance to be successful.
A good company will have educational presentations on how their plans work. When you choose a company study these presentations because inevitably you will be asked by many of your prospects how the pay plan works.
These are the different pay plans that you will most likely see...
The People
When considering the people, look at the leaders. Who are they? what is there history? and do they possess integrity?
The leaders of a good company should be, or should at least have been top distributors in companies previouly. Quality leaders should also have successful experience running traditional companies, this is important because running a massive MLM company takes more traditional experience than only having experience as a distributor can offer. It is no secret that many start up companies are starting with sub-par individuals when it comes to experience, make sure you do your research.
Does the company have integrity? Do they stand behind their products, services, and their distributors? No outrageous claims or exaggerations. History shows that companies who make outrageous claims without facts, will fail. An example of this is in the healthy beverage industry, where most of these claims happen. Here is a tip that most people do not know when searching for a company... If a company makes a health claim (i.e. This product cures cancer) then it is automatically classified by the Food and Drug Administration as a drug and as you know, drugs need scientific studies and evidence to make a claim. so why does that matter? well, the healthy beverage industry is not regulated, but when it becomes a drug the FDA decides whether or not you can market with those claims and if you do not comply they will shut the company down forcefully. A certain company, which I will not name, was actually shut down by a storming swat team with assault rifles at their corporate office. The top distributor of that company was fined $500,000.00 dollars because of his stature in the company. The bottom line in this story is if the leaders of a company cross the line into a drug, then it will be shut down and you could possibly be fined for your part in the company.
I can't stress enough the importance of competent experienced leaders that make decisions with the distributors in mind as well as the company.
They should also provide training and more training!!! You wouldn't want to join a company that says, "go sponsor people, but we are not going to tell you how or help you... good luck though!"
Do the leaders have the capital to be successful? meaning, do they have the bankroll to keep the company going strong, pay commissions and do they invest back into the company to give distributors more tools.
There is one more thing that I feel is important when considering the people and it may or may not be important to you. Are they willing to give? Great leaders always give back to its distributors through bonuses and incentives, but most importantly to me is their willingness to support charitable organizations.
This covers what I feel is important when examining the people of a company.
To Find out what is important to look for in a plan click here!
The leaders of a good company should be, or should at least have been top distributors in companies previouly. Quality leaders should also have successful experience running traditional companies, this is important because running a massive MLM company takes more traditional experience than only having experience as a distributor can offer. It is no secret that many start up companies are starting with sub-par individuals when it comes to experience, make sure you do your research.
Does the company have integrity? Do they stand behind their products, services, and their distributors? No outrageous claims or exaggerations. History shows that companies who make outrageous claims without facts, will fail. An example of this is in the healthy beverage industry, where most of these claims happen. Here is a tip that most people do not know when searching for a company... If a company makes a health claim (i.e. This product cures cancer) then it is automatically classified by the Food and Drug Administration as a drug and as you know, drugs need scientific studies and evidence to make a claim. so why does that matter? well, the healthy beverage industry is not regulated, but when it becomes a drug the FDA decides whether or not you can market with those claims and if you do not comply they will shut the company down forcefully. A certain company, which I will not name, was actually shut down by a storming swat team with assault rifles at their corporate office. The top distributor of that company was fined $500,000.00 dollars because of his stature in the company. The bottom line in this story is if the leaders of a company cross the line into a drug, then it will be shut down and you could possibly be fined for your part in the company.
I can't stress enough the importance of competent experienced leaders that make decisions with the distributors in mind as well as the company.
They should also provide training and more training!!! You wouldn't want to join a company that says, "go sponsor people, but we are not going to tell you how or help you... good luck though!"
Do the leaders have the capital to be successful? meaning, do they have the bankroll to keep the company going strong, pay commissions and do they invest back into the company to give distributors more tools.
There is one more thing that I feel is important when considering the people and it may or may not be important to you. Are they willing to give? Great leaders always give back to its distributors through bonuses and incentives, but most importantly to me is their willingness to support charitable organizations.
This covers what I feel is important when examining the people of a company.
What is Network Marketing?
Believe it or not... Network Marketing is a simple concept.
It is a business of developing a network of associated distributors or customers to generate sales of a product or services.
Many people in our society think the concept of network marketing goes hand in hand with "pyramid scheme." I can assure you that is not the case! Network marketing is focused on the sales of goods and services. Along with that, an individual to develop a larger income from their efforts, than the individual that sponsored them.
Today, network marketing has been embraced by several traditional businesses. These businesses are reaching far more consumers than they could through traditional marketing tactics-- it is very easy for the good or service to be introduced into another country. Network Marketing is a growing industry especially as an increasing amount of individuals are finding themselves unemployed. According to the Direct Selling Association (DSA) over 13 million people in the U.S. are working in network marketing.
Network Marketing provides a business model that includes the tools you need to become successful as an individual business owner. Robert Kiyosaki puts network marketing in the same category as business franchising. They both have systems that allow you to follow, for instance; if you franchise McDonalds, you are an independent business owner but you have all the resources of a massive company. Your goal is to put their resources in action and the results should follow.
The more you learn about network marketing, the more you will start to realize that it is important to understand that you are responsible for your own success. (i.e. You will be able to find an article in my posts regarding how to choose a successful network marketing company) Once you find the company for you, they will provide the tools for you to follow. This will allow you to have a successful downline- but before this is possible, you need to be willing to invest a significant amount of time into your organization. Your upline will become your main resource, in doing this you will rely on eachother for information and build the ultimate team. You will begin to build and learn from one another and, as a leader, you will be looked up too from your downline.
You can achieve massive financial rewards as well as personal freedom through network marketing. It takes hard work and a desire to connect with people. Social skills are necessary in this field- and just like anything practice makes perfect. As you become more familar with network marketing, you will be introduced to cold calling phone lists in network marketing and they are great tools for growth and experience but unfortunately they do not produce great results. I always tell my downline to purchase some leads and call them, try to call as many as possible in an hour. There are three reasons for this.
- You learn to be comfortable talking to people about your opportunity.
- You will get better at presenting your pitch to prospects through repetition. (do not sell, just present)
- You learn to handle rejection.
Network marketing is truly a business of relationships. Robert Kiyosaki sums it up nicely; "network marketing is the business school for people who like helping people."
Network marketing companies typically focus on reasonably priced products and services that people consume in a short time. The commission structure usually is less up-front then it is residual exponential growth over time. You will be part of an organization and you will develop your own organization that will contribute to your income. Many companies offer other built in bonuses such as, a bonus pool(portion of companies income for qualified recipients), and vacation packages. It is a lucrative industry if your able to be self motivated and put in the work. The company can train you with all the latest in network marketing techniques but if your not willing to put it into action there will be no results.
No Action = No Results
There are many different companies offering network marketing opportunities, they cover everything from Nutritional Products, Communication, Internet, Financial Programs, Alternative Power and etc.
My recommendation is to get into the healthy beverage industry and this is why...
It is a billion dollar industry that is continuing to grow. A healthy beverage is good for the consumer and they will feel a difference in themselves by drinking a truly healthy drink. It is not a one time purchase as a solar panel would be for instance, but it can be consumed and repurchased as needed. Last but certainly not least I suggest the healthy beverage industry because the world is going green! organic is booming and we as a society are showing no signs of slowing down the green revolution!
If your willing to extend your knowledge to your downline and you genuinly care about their success then this business might be for you, but if your only in it for the money, odds are you will fail!!!
Starting and running your own business is an extremely difficult task but if you turn education into action, success can follow. Good luck and Work From Home Doing Network Marketing will continue to be your resource for Network Marketing tips and tricks.
Product
The last, but certainly not least important of the 3 P's is the Product. The product is not to be overlooked when considering an opportunity. It has been said that you can sell a pile of poop with the right marketing. That statement, as true as it may be shouldn't be your basis on how you find a company.
Be a Product of the Product!
You should look for a product that you personally enjoy because you will be much more convincing to a prospect if you truly believe in what your selling. The product is also something that you should use on a regular basis, not as an obligation but as something you feel benefits you.
mlm products range from beverages to phone plans and everything in between. A good product should obviously be of quality, but most importantly you should look for a product that is consumable. The reason for this is, if the product is consumable then repeat orders should continue to roll in.
For consumables such as health drinks, you should look at the price and serving size for comparison. Most of these drinks will be of good quality and will be as healthy or healthier for you to drink than just about anything you can find at a supermarket. Why is price and serving size important? well, price is important because most network marketing companies struggle to compete with drinks for average consumers because the price is too high. A good company will keep price points in mind and will strive to be competitive to the average consumer. The serving size is important because the average consumer wants to have a good size beverage in their hand and drink it over a period of time. This might be more of an opinion on my part, but I really do not understand why the average consumer would buy a product that comes in a single bottle about the size of a wine bottle with the serving size of a teaspoon. Those products might have amazing ingredients, but a teaspoon! Especially with the high price that they carry. It is my belief that if you want to demonstrate a product it better be a serving size of a normal size beverage.
Being demonstrable is always a bonus, look for something that has a "wow" factor, something different. The healthy beverage industry is laced with similar items but if you hard enough you can find the right one.
Follow the 3 P's and I promise you will find a great company that fits your needs. Your going to come across opportunities that might have a great product but a horrible business plan and vise versa. If you join one of them you are settling, do not settle for mediocre, strive to find the best company you can. That includes the People, the Plan, and the Product.
You should look for a product that you personally enjoy because you will be much more convincing to a prospect if you truly believe in what your selling. The product is also something that you should use on a regular basis, not as an obligation but as something you feel benefits you.
mlm products range from beverages to phone plans and everything in between. A good product should obviously be of quality, but most importantly you should look for a product that is consumable. The reason for this is, if the product is consumable then repeat orders should continue to roll in.
For consumables such as health drinks, you should look at the price and serving size for comparison. Most of these drinks will be of good quality and will be as healthy or healthier for you to drink than just about anything you can find at a supermarket. Why is price and serving size important? well, price is important because most network marketing companies struggle to compete with drinks for average consumers because the price is too high. A good company will keep price points in mind and will strive to be competitive to the average consumer. The serving size is important because the average consumer wants to have a good size beverage in their hand and drink it over a period of time. This might be more of an opinion on my part, but I really do not understand why the average consumer would buy a product that comes in a single bottle about the size of a wine bottle with the serving size of a teaspoon. Those products might have amazing ingredients, but a teaspoon! Especially with the high price that they carry. It is my belief that if you want to demonstrate a product it better be a serving size of a normal size beverage.
Being demonstrable is always a bonus, look for something that has a "wow" factor, something different. The healthy beverage industry is laced with similar items but if you hard enough you can find the right one.
Follow the 3 P's and I promise you will find a great company that fits your needs. Your going to come across opportunities that might have a great product but a horrible business plan and vise versa. If you join one of them you are settling, do not settle for mediocre, strive to find the best company you can. That includes the People, the Plan, and the Product.
Hot Products!!
Look … let’s face it, there are a lot of products online that you can use to build your business! Some are good, some are OK, and others are “not so good”. What I want to share with you here are some of the best products that I have personally used and recommend – products that can help you achieve more profits and more success using the internet!
THE TRAFFIC STAMPEDE SYSTEM
This product is fantastic! If you’re having trouble generating traffic online or if you frequently run up large bills only to generate untargeted traffic that buys nothing – then this cutting edge program show you how:
Anyone Can Generate Thousands of Unique, Highly Targeted Visitors to Any Website for FREE and with Minimal Effort… GUARANTEED!
Gary reveals the “free traffic secrets” used by the world’s top internet marketers – secrets that have helped them earn fortunes through free website traffic! I like this course because (1) It’s cheap at only $37 and (2) The techniques revealed in the course are so simple, that any internet marketer can use these to create massive traffic to their websites for free!
Learn More About The Traffic Stampede System Now!
Introducing... Keyword Elite 2.0!
The NEW Generation of money making keyword tools!
Having problems understanding Keywords? Keyword Elite 2.0 is an excellent tool for anyone who. works from home. Proper use of Keywords is critical in Search Engine Optimization!
To learn more about Keyword Elite 2.0
Post videos to your blog or website!
Make any existing video file much smaller (file size) so it plays easily on your website...and without taking up a lot of space or losing its quality online, but keeps the original quality level.
Add buttons to your video like Stop, Play, Fast Forward, Rewind. You can choose which ones to add, or add a complete "video player" with one click.
Automatically generate the code you simply copy and paste anywhere you want your video to appear on any web page.
Automatically "Upload" your video to any web page with just one click.
Make it simple for visitors to watch, they just press play! That's it. There's no need for them to download a large file or run a big program like Media Player, QuickTime, or Real Player.
Learn More!
This product is fantastic! If you’re having trouble generating traffic online or if you frequently run up large bills only to generate untargeted traffic that buys nothing – then this cutting edge program show you how:
Anyone Can Generate Thousands of Unique, Highly Targeted Visitors to Any Website for FREE and with Minimal Effort… GUARANTEED!
Gary reveals the “free traffic secrets” used by the world’s top internet marketers – secrets that have helped them earn fortunes through free website traffic! I like this course because (1) It’s cheap at only $37 and (2) The techniques revealed in the course are so simple, that any internet marketer can use these to create massive traffic to their websites for free!
Learn More About The Traffic Stampede System Now!
Having problems understanding Keywords? Keyword Elite 2.0 is an excellent tool for anyone who. works from home. Proper use of Keywords is critical in Search Engine Optimization!
Make any existing video file much smaller (file size) so it plays easily on your website...and without taking up a lot of space or losing its quality online, but keeps the original quality level.
Add buttons to your video like Stop, Play, Fast Forward, Rewind. You can choose which ones to add, or add a complete "video player" with one click.
Automatically generate the code you simply copy and paste anywhere you want your video to appear on any web page.
Automatically "Upload" your video to any web page with just one click.
Make it simple for visitors to watch, they just press play! That's it. There's no need for them to download a large file or run a big program like Media Player, QuickTime, or Real Player.
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About Me
Hello and Welcome to my site!I became interested in network marketing at age 19. I was a college student that was looking for something different from what traditional education has to offer. I had spent my life until that point believing that success was based on going to college, getting a secure job with benefits and 401k, then working hard to provide for your family until its time to collect social security. It wasn't until I read the book Rich Dad Poor Dad, by Robert Kiyosaki that I found out success is based on time and not income. Financial freedom was a new concept for me and I was intrigued to find out different strategies to achieve it. Kiyosaki introduced me to network marketing and since that point I have been dedicated to my new vision of success. I have been in the industry for four years now and I feel blessed to have found my calling at such a young age.
I am from Vancouver,WA and no its not in Canada for those of you who are wondering. It is just North of Portland, OR where the summers are beautiful and the rest of the year is just as you might expect in the Northwest. I did graduate from my traditional education at Washington State University, but I have no desire to ever use my degree. I couldn't be in a better position at the moment, my friends who believe in traditional education and success are all finding it hard to get jobs in today's economy. While I graduated with them and I am self employed and successful in network marketing. It provides me with time, something traditional careers do not. I also get to help others achieve their own version of financial success.
I am writing this blog to provide network marketing news, updates and tips. I think it is important for people who experience success to give back and this is just one way I feel I am giving back. I will also include posts from other successful network marketers and authors.
Please enjoy my site and if you have any questions or comments, or you want to learn how to use the power of the internet to expand your business please feel free to contact me by Clicking Here!
Sincerely,
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