Given that your network marketing business has a great product and a great compensation plan it seems astonishing to note that so many associates who come into this trade fail to create much money and create for themselves a stable financial future. The earning power that this business style offers certainly is astonishing when you think about the influence of developing a downline and having hundreds of people under you all keen to explode their business, you would have thought you could just sit back and watch the money roll in.
Over the last few weeks I’ve had conversations with several network marketers, some successful and some not, I think that the main reasons people are not making the grade is because of poor training and not taking enough action! Sad but true that most network marketing companies and sponsors simply have not shown their new recruits how to get money into their business quick enough. Retention rates in this business are somewhere around a pathetic 15% Many new networkers feel that they just simply do not get the assistance they need from their uplines and coupled with the fact that most of the old school prospecting methods are not really pulling in the results they used to.
One of the principles you must learn is that of attraction marketing, I learnt from the master himself Mike Dillard and since purchasing Magnetic Sponsoring I look at things from a very different mindset, a mindset of success! I’d highly recommend you check out his material. If you are branding yourself correctly you will be a magnet for the right people to you and you start to build trust and authority with them and done correctly prospects are going to become interested in you and your primary business.
Attraction marketing is very effective when used correctly online. An important thing to remember is, don’t bother being one of those annoying people that spams the internet by posting links everywhere claiming ‘Best Opportunity ever, get rich quick, Best Payout ever’ etc…you know the sort of thing, my spam box is full of them. A new prospect will be far more likely to respond to you if you have taken the trouble to build up some kind of trust and relationship, it stands to reason you will stick out from the crowd by branding yourself and what you can offer to your prospects in the way of knowledge, training and products. Always give real value!
To gain the trust and respect of potential business partners you must offer them overwhelming value, do more than what others are doing and stick out from the marketing noise and be someone who is respected and sought after. You must have systems employed that will take care of much of the relationship building on auto-pilot, systems like autoresponders and using video marketing, emails you enter one time and then can be sent to millions of people, videos you create once and can be viewed by hundreds.
It pays to make sure your team is aware of these strategies so they can maximise their results and in turn benefit you. Attraction marketing wins the game, not spam marketing. By teaching these strategies to your downline you will enjoy a far superior retention rate. I’d love to teach you more but I can’t do it all in one article!
If you wish to make it big in this industry and put your mlm recruiting on steroids go to my blog today, this system WILL make a difference to your business. Article written by James Hicks
