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Network Marketing Success- Why Most Prospects are a Waste of Time, and Who to REALLY talk to in MLM
by Doug Firebaugh There are only two types of people you will run across in MLM. To be blunt, they are in every business. Every Company. Every Corporate Board. Every Church. Every Family. Every Association. Every Athletic League. Every ...
Network Marketing Training- MLM Recruiter? MLM Sponsor? MLM Babysitter? MLM Mentor?
by Doug Firebaugh There are many Leadership factors involved in building an mlm downline, but none are more frustrating than the roles a Network Marketing Leader can play when recruiting and engaging a new person in this business. We have a tendency to ...
The 30 Minute Success Plan
Without a concrete plan, it's unrealistic to anticipateachieving your objectives. If you will break planning downto just 30 minutes a week you will see a significantdifference in your business. This 30 minutes of planningevery week can MAKE or BREAK your ...
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2 examples of common (but untrue) MLM myths are: "An Internet Marketing Expert is an Automatic MLM expert" and "Make a Ton of Sales, And You Make a Ton Of Cash".
People fall for the same old myths about how these programs work. And these end up costing them hundreds or thousands of dollars a year in wasted time and effort.
Acquaint yourself with these 4 myths, and protect yourself from the online hype and misconceptions.
Myth #1: MLM On The Internet Can Be Wildly Profitable in One Month
The most unfortunate and damaging myth about online home business is that the income can come quickly.
It *may* be possible for a "big dog" with an established network of partners, to create a residual income of $1000 in one month. But this will never happen for the average person building from scratch.
Consider this:
The average internet MLM pays $2 - $7 per person in an organization. To earn $2000 - $7000 per month, you need 1000 people in your organization.
This is very possible to achieve. But it takes time.
Myth #2: "Its A Ground Floor Opportunity - You Must Join Today"
When someone says: "Ground Floor Opportunity - Join Today" what are they really saying?
Is it: (1) "People who join after me have less chance of making money than I do" ? OR (2) "The company will be useless in 2 years time" ?
Would you want to take a year or two to build a good residual income, only to have that income disappear?
And what would happen to the suckers who join in 6 or 7 months time?
A good business opportunity should actually *improve* with time and exposure. Itll be based on products (or services) - and delivering more in product value than the dollar amount people are paying for it.
(Yes it IS possible to find such companies on the internet, I know a few).
Myth #3: Make A Ton Of Sales and You Make A Ton Of Cash
The way MLM (truly) works best is if a large number of people each help each other to make a small numbers of sales.
Let me show you what I mean:
In an offline business we were in, a guy joined who was an awesome direct mail marketer. Soon he put together a masterly direct mail campaign to promote this opportunity. He invested a lot of money then unleashed his packages. In 5 weeks he had several hundred people in his downline, and was earning several thousand dollars per month.
But within two years he had dropped out of that company.
Why is this?
Its because almost none of the people he brought in were able to do what he was able to. So he wasnt able to help them grow their businesses. (He possibly didnt have time
to help 500 newbies). And since the monthly purchase requirement was $130 in this particular company they soon started dropping out.
The point you really ought to understand is this:
"In MLM, you dont make much money from making sales - You make much money from building an organization!"
This brings us nicely to the next and final myth:
Myth # 4: You Build From The Top Downwards
Many people feel that you "come in at the top", then bring people in "under you". They reflect this in their attitude to the job.
If youre smart, youll know better.
You build from the bottom.
At the start, theres no one else in your business. You just have a dream, and help from your company and upline.
Imagine youre trying to erect a building.
You find 3 bricks and place them in your foundation. But you must physically support these from below. Yes, theyre heavy at first, but you do the job. You continue to support them.
One morning you wake up and there are now 9 bricks in your structure, from the 3 you started with.
Youre supporting a 9 brick structure now, and because you do, it continues to grow. Eventually, you look up and find that you have a solid building.
Can you see it?
The bottom "bricks" are people you recruit and assist to take their first steps as marketers of your opportunity. When they help other people, your organization expands.
The point is that the engine that drives lasting MLM growth is people helping other people, in small numbers, and everybody doing their share.
At the beginning your job is to sponsor a small number of people and support them, and encourage them to make sales ... encourage them to encourage other people in the same way.
Once you build a small group of people and the helping culture takes hold, youll start to develop a rapidly growing organization ... that grows rapidly and wildly with a momentum you couldnt stop, even if you tried to.
Youll have an online home business you can be proud of.
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Luke Ilech is a freelance writer with special interest in online home business. Learn 7 closely guarded secrets to success in ANY good online networking or affiliate opportunity by visiting his website. This knowledge can pay you for years to come! And its still F'ree at: http://www.systematicmlm.com/?share
About the Author
Copyright 2004 Luke Ilech
Luke Ilech is a freelance writer with special interest in online home business. Learn 7 closely guarded secrets to success in ANY good online networking or affiliate opportunity by visiting his website. This knowledge can pay you for years to come!
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Bangladesh News 24 hours |
Law to regulate MLM biz soon: QuaderBangladesh News 24 hoursDhaka, Feb 6 (bdnews24.com) – The government has prepared the draft of a law to control the activities of the multi-level marketing (MLM) companies and sent it to the ministries of finance and public administration for their opinion, the commerce ... |
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Positive growth for MLM in a depressed economic environmentThe Borneo PostPosted on February 7, 2012, Tuesday KUCHING: Despite the contraction in the Malaysian economy from the first quarter to the third quarter of 2009, quarter-on-quarter volume growth in Malaysia's malt liquor market (MLM) stayed positive at a stable range ... |
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