Posts Tagged ‘Incomes’

25 Tips To MLM/Network Marketing Business Success

December 18th, 2009

Here are 25 tips to success for anyone who is starting their own MLM/Networking Marketing home business. These simple, easy-to-use tips will help you get your business off to a fast start, and put more money in your pocket.

1. When you first get into your network marketing home based business, write out your plans and goals! I’m sure you’ve heard it said many times before…”Most people never plan to fail, they simply fail to plan”. Take the time to write out your plans and goals. Be realistic, but be tough on yourself. Push yourself. One of my favorite quotes is “What your mind can conceive, it can achieve”.

2. Get started immediately. Don’t wait for everything to be perfect before you start. That will never happen. Jump in and get started.

3. Treat your mlm/network marketing business as a serious, full-time business, and it will quickly become one.

4. Don’t focus your attention on trying to sponsor the “big hitter” who tells you that they are going to bring in 120 people. Sure, it would be nice, but don’t get caught up in the hype and emotion. It takes a team effort.

5. Know that rejection will happen. Not everyone is going to want what you have. There are some people that you could put a huge pile of Gold in their front yard, and they would still walk right on by it. Or, they simply will not believe it’s Gold. Don’t get discouraged. There are literally MILLIONS of people wanting what you have.

6. Follow up! This is the single most important factor to your success. You have probably heard that the fortune is in the follow up. People will rarely call you back, but they will join you if you follow up and show them you care about their needs. Call them and ask how things are going…or at least email them. By following up with everyone, you will sponsor new business partners in your network marketing business.

7. Have patience. Big incomes never happen overnight. And this is especially true if you are also working a full-time job somewhere. It may take you a year or two to obtain your income goal and quit your current job. If you knew that you could be doing your home business full-time in only a year from now…would it be worth the wait?

8. Don’t give your new reps wild expectations. Let them know what to expect. Always be honest with them.

9. Realize that your mlm business is going to require an investment. Just like a brick and mortar business, your home business is going to require an investment in marketing supplies and tools. Thankfully, network marketing doesn’t require you to take out a 2nd mortgage to operate.

10. Don’t let anything knock you out of your home based business and cause you to quit. You can only fail in this business if you give up on yourself.

11. Don’t mail out samples and materials to a few people and then expect big checks to suddenly appear. Most likely, it will take you a few months to have a steady income coming in.

12. Help the people you sponsor as much as you can. Help them get started. Help them sponsor their first two people by doing 3-way calls with their prospects. Let them know you’re there for them and you support them. Teach your new reps the importance of doing the same. That’s how you build a team.

13. Don’t do things for your reps that they should do themselves. There is a fine line between being helpful, and doing the entire business for them. Understand your downline is going to do what you do. Lead by example. Do all the things that you want your reps to do. Be sure the example you are setting is one that you would want to follow if you were in their shoes.

14. Don’t waste time on cynics, or non-motivated people. They will NOT succeed in this business, or any other business for that matter. Trying to drag someone into your business is only going to drain you of all your energy and beat you down. Let them go and move on.

15. Don’t whine and complain to your upline every time you have a problem. No one wants to spend time with constant whiners and complainers.

16. Always operate your business in a professional and ethical manner. Don’t make false claims about your mlm / network marketing product, or exaggerate your income. Give your prospects the facts and you will build trust. People can be smarter than you think. Most can sniff out if you’re being dishonest quickly. Then you have lost your credibility, as well as your prospect.

17. Learn all that you can about your home based business. Stay up to date with everything that is going on. Learn a little about your competitors so that you can answer simple questions about the differences between them. But don’t put them to your prospect, no matter how you feel about them.

18. Think BIG! Think big dreams. Set BIG goals. Small thinking producing small results. Live life without putting limits on yourself.

19. Keep in close contact with your new people you sponsor into your network marketing business. Let them know you care and are there to help. Praise your new people who are doing good things. Always at least send an email to them when they sponsor someone new. Let them know they’re doing a great job!

20. Always be ENTHUSIASTIC! Smile when you’re on the phone. Enjoy yourself and let others feel your enthusiasm for what you’re doing. It quickly becomes contagious.

21. When you discover new ways of building your mlm home business, share them with others on your team. Remember…duplication is the key to success in this business.

22. Keep organized with your business. Have a system in place to keep track of those who are testing your product, or thinking about getting started, even if it’s just a notebook to write their names in.

23. Listen to tapes, or read books on network marketing and personal development. It will pay BIG dividends as the months go by. Ask any leader in your business about the importance of personal development and they will all tell you the same thing.

24. Don’t allow small problems and rejections that arise throw you off and upset you. Think about the positives, and always keep focused on the big picture.

25. Have FUN! People want to be around others who are having fun, be it in everyday life, or your business. Have fun with your home based business. Enjoy yourself, and watch how many others want to be involved in what you’re doing.




By: Terry Edwards

Why Is That Only A Small Percentage of Network Markerters Earn Big Money?

November 29th, 2009

The reason why most people have problems with their network marketing business is because they don’t truly understand how the industry works. Often, this is because they were sold a pack of lies from some company that reeled them in on false hopes and promises. Some simply joined because they were sold on the idea that they could quit their job and work from home if they just buy a distributorship and call some leads.

It’s a classic scam; you are told a lot of promises in the beginning about what a great opportunity it is, how you don’t need any experience to begin with and you will be have a residual income working hard for the first few years. However, once you are inside, you will face many challenges and realise that there is no truth in it.

Mind you this business is fun and simple if you let it be, but it will take the tenacity, dedication, and professionalism to earn six figures incomes.

Did you know that 95% of people who get into network marketing have no prior sales experience?

The majority of the people who join this industry do so without the intention of becoming a professional network marketer, yet that is exactly what is asked of you if you wish to make a full-time/six-figure income.

This leads to serious difficulties as networking marketing does involve selling and marketing, regardless of what some mlm distributors may have said to you to get you to sign up.

This is one of the biggest mistakes that people make in network marketing. They think the product will sell itself while they just share the company and products information. Yes, mlm is indeed a simple business but it does take the tenacity and professionalism to make it a 6 figure income.

Your Business Has Nothing To Do With Your Company.

Your Job/Business is Marketing

Yes, you heard me right. Your business is marketing.

He, who markets and promotes best, wins.

Success has got nothing to do with the best company, best product and the best compensation plan.

Another common mistake is to think you will be able to sell to your friends and family. Many networking marketing or mlm programs encourage you to share these great opportunities with your friends and family first when in reality, your friends and family may not even want or like the product. If you do make sales, it may be from people that feel obligated or are just giving it a try to get you off their backs. Don’t depend on your family and friends to make you rich from an mlm program. Even if they are kind enough to buy from you, chances are you won’t become a millionaire in this way.

You see, this is an industry of marketing and promotion pursued by people who have no idea how to market or promote.

The fact is true mlm success comes from training, experience, expertise and even practice. Can you make a good living from it? Sure, you can. Can you be highly rich and successful? In time, yes you can. But don’t expect it to be an overnight miracle success. And don’t think that you can achieve this without some work involved. If network marketing is so simple that anyone could do it and products sold themselves, wouldn’t we all be millionaires?

As I mentioned earlier on, your business is marketing. This is why you must align yourself with a group of marketers that is really going to show you the common denominators of their success and leverage on their experiences. This will eliminate 90% of your learning curve that typically causes most people to fail and give up on their initial dreams.

I just want you to understand that if you are not creating a constant flow of leads day in and day out or if you are not putting your business in front of 5 to 10 people a day, your dream will remain just a dream.

What about all the success stories you hear in your company? One way or another, they found a way to be in front of lots of prospects EVERY day passively. How? They either leveraged other people on their teams or from their systems.

Simply put, traditional marketing is an ineffective ’shotgun’ marketing strategy because a scatter shot won’t get you very far and it has become more expensive. The public is bombarded with commercial ads and making matters worse for businesses is that today’s technology have literally enabled people to put up a firewall around their lives.

Note that, I am not against the traditional form of network marketing. They have their place and importance. In fact, word of mouth has the best conversion rate. Nevertheless, you are pretty blind as to whom you are addressing with traditional marketing. You have no idea of their interests, their tendencies, and more importantly, if they are at all likely to be interested in what you have to offer. You simply cannot sell steaks to a vegetarian!

You probably already know this basic stuff. Get to know your prospects by building a relationship with them. However, this is one skill newbie find it hard to grasp all at once which make them reluctant to go out to talk with people.

But, there is a solution which is still not known to most business owners.

What Does Online marketing Mean To You?

Bottom line: With today’s advancements in technology, if you own a home business and you are NOT marketing online, you won’t be a business owner for much longer.

Online marketing changes that and gives your marketing ’sniper’ like accuracy. With online marketing, you aren’t interested in marketing to everybody. You are only interested in those who have an interest in what you have to offer and you will only market (spend money) on those who have an interest in what you have got.

How do you do that?

The quickest way is to use Google to tell you who are interested in what you have got because over 90% of internet users are using Google for searching. This number is growing at a phenomenal rate each year. You bet Google can also tell you what a particular group of people is interested in. This is the key!

In short, building a business online is so much more effective. You can be in front of thousands of people in a short period of time. That means your customer list keeps growing, every minute without you. Yes, to begin it will take great effort and time in creating your capture page, sales letters, follow-up emails but you only do this once.

Now that’s leverage.

Are you envious of all those people who make a living using the internet? Please don’t. You can have what they have achieved if you are willing to give it a go. Building online business is not rocket science although it has a bit of art and science to it.

You have to look at marketing as a funnel. You start with a wide top that captures people who are interested in the product you have to offer and you qualify those people more and more at each level down of the funnel.

As you proceed with your marketing, your prospects proceed further and further down that funnel, qualifying themselves more and more.

Ultimately, you end up with only the hardcore who are attracted to join your business and those whom cannot wait to purchase your product.

And all of this can be done automatically and cheaply once you setup your attraction marketing system.

If you do this correctly, your marketing costs are self-funded which induces your potential customers to pay for your marketing, regardless of whether they buy your product or not.




By: Jackie Khor

An Interesting Fact is that 95% of Home Business Owners never make a 6-Figure Income!

November 21st, 2009

The reason most people have problems with their network marketing business is they don’t truly understand how the industry works. Often, this is because they were sold a pack of lies by some company that reeled them in on false hopes and promises. Some simply joined because they were sold on the idea that they could quit their job and work from home if they just buy a distributorship and call some leads.

It is a classic scam: you’re told a lot of promises in the beginning about what a great opportunity it is, how you don’t need any experience to begin with, and with hard work for the first few years you will create a good income stream. However, once inside, you will face many challenges and realise that there is no truth in it.

Mind you, this business is fun and simple if you let it be, but it will take tenacity, dedication, and professionalism to earn six figures incomes.

Did you know that 95% of people who get into network marketing have no prior sales experience?

The majority of people who join this industry do so without the intention of becoming a “professional network marketer”. Yet that is exactly what is asked of you if you wish to make a full-time/six-figure income.

This leads to serious difficulties as network marketing does involve selling and marketing, regardless of what some MLM distributors may have said to you to get you to sign up.

This is one of the biggest mistakes that people make in network marketing. They think the product will “sell itself” while they just share the company and product information. Yes, MLM is indeed a simple business, but it does take tenacity and professionalism to make a 6 figure income.

Your Business Has Nothing To Do With Your Company.

Your Job in a Home Business is MARKETING and TRAINING your team to DUPLICATE.

He who markets and promotes best, wins.

Success has got nothing to do with the best company, best product and the best compensation plan.

Another common mistake is to think you will be able to sell to your friends and family. Many networking marketing or MLM programs encourage you to share these great opportunities with your friends and family first, when in reality, your friends and family may not even want or like the product.

If you do make sales, it may be from people that feel obligated or are just giving it a try to get you off their backs. Don’t depend on your family and friends to make you rich from a MLM. Even if they are kind enough to buy from you, chances are you won’t become a millionaire this way.

You see, this is an industry of marketing and promotion pursued by people who have no idea how to market or promote.

The fact is true MLM success comes from training, experience, expertise and even practice. Can you make a good living from it? Sure you can. Can you be highly rich and successful? In time, yes you can. But don’t expect it to be an overnight miracle success. And don’t think that you can achieve this without hard work. If network marketing is so simple that anyone could do it and products sold themselves, wouldn’t we all be millionaires?

As I mentioned earlier on, your business is marketing. This is why you must align yourself with a group of marketers that is really going to show you the common denominators of their success and leverage on their experiences. This will eliminate 90% of the learning curve that typically causes most people to fail and give up on their initial dreams.

I just want you to understand that if you’re not creating a constant flow of leads day in and day out or if you’re not putting your business in front of 5 to 10 people a day, your dream will remain just a dream.

What about all the success stories you hear in your company? One way or another, they found a way to be in front of lots of prospects EVERY day passively. How? They either leveraged their systems or other people on their teams.

Simply put, traditional marketing is an ineffective “shotgun” strategy because a scatter shot won’t get you very far. Also it has become more expensive. The public is bombarded with commercial ads, and to make matters worse, today’s technology has enabled people to put up a “firewall” around their lives.

Despite that, I am not against traditional forms of network marketing. They have their place. In fact, word of mouth has the best conversion rate. Nevertheless, you are pretty blind as to whom you are addressing with traditional marketing. You have no idea of their interests, their tendencies, and more importantly, if they are at all likely to be interested in what you have to offer. You can’t sell steak to a vegetarian!

You probably already know these basics. Get to know your prospects by building a relationship with them. However, this is one skill newcomers find hard to grasp, and that makes them reluctant to go out to talk with people.

But, there is a solution which is still not known to most business owners.

What Does Online Marketing Mean To You?

Bottom line: with today’s advancements in technology, if you own a home business and you are NOT marketing online, you won’t be in a business for much longer.

Online marketing gives your marketing sniper-like accuracy. With online marketing, you aren’t interested in marketing to everybody. You are only interested in those who have an interest in what you have to offer and you will only market (spend money) on those who have an interest in your product.

How do you get into online marketing?

The quickest way is to use Google to identify people who are interested in your product, because over 90% of internet users are using Google for searching and this number is growing at a dramatically each year. Google can also tell you what a particular group of people is interested in. This is the key!

In short, building a business online is so much more effective. You can be in front of thousands of people in a short period of time. That means your customer list keeps growing, every minute without you. Admittedly, it will take a great deal of time and effort to create your capture page, sales letters, and follow-up emails. But you only do this once.

Now that’s leverage.

Are you envious of all those people who make a living using the internet? Don’t be. You can replicate their success if you are willing to give it a go. Building an online business is not rocket science, although it has a bit of art and science to it.

You have to look at marketing as a funnel. You start with a wide top that captures people who are interested in the product you have to offer, and you qualify those people more and more at each level down the funnel.

As you proceed with your marketing, your prospects proceed further and further down that funnel, qualifying themselves more and more.

Ultimately, you end up with only the hardcore who are attracted to join your business and who cannot wait to purchase your product.

And all of this can be done automatically and cheaply once you set up your attraction marketing system.

If you do this correctly, your marketing costs will be self-funded. Your potential customers will not cover your marketing costs, whether they buy your product or not.




By: Jackie Khor