Network Marketing: Is It Right for You?
Over 90% of all Network Marketers spend more money than they make. Of the remaining ten percent, 60%-70% make less than $500 per month.
You could do better than that at the casino! Is that the dream you signed up for? I bet not.
Is there anything you can do to enhance the outcome of your MLM venture? what can you do to be one of the real winners?
If it’s true that most networkers, don’t make much money, it’s a pretty good bet that your sponsor is one of them. Unless he’s a really tech-savvy person, it’s unlikely they’ll know what to tell you if you ask them, how can I build my business on the internet?”
Even though the internet has been used to sell everything from houses to horses, it has only recently become a viable tool for MLMers. Through to hard work and insights of a small group or really smart people, it is slowly becoming a reality. But the vast majority of network builders get into an MLM for the wrong reason–they used a product that helped them lose weight or save money, and now they want to tell other people about it.
If your sponsor tells you that the way to make money is to sell a lot of product and find a few other people who will do the same thing, they probably won’t business very long. If you follow their advice, neither will do. You have to feel comfortable that your product is high-quality so you can recommend it wholeheartedly.
Most networkers are initially attracted to an MLM opportunity because of the superior quality of a product. This is an important factor in choosing a company to represent, but it’s not the MOST important factor. Of course, you want to share a product you like and can stand behind. If you’re just selling something for the money, your prospects will sniff you out and know you’re insincere and they won’t listen to you the next time you have something you want to tell them about.
In fact, I’ll say something here that’s almost heresy: “Your Product Is Not Important To Your Success!” Well, it’s important, but it’s not the be-all and end-all of your business.
There are two factors that attract people into your business. The first is the possibility of financial independence. The second is believing that you will help them succeed. The only way you can do that is if you have a simple system they can start to use right away so they have some instant success.
The number one reason for failure in MLM is that most distributors are left to figure out what to do next. They have no network and no marketing skills and they’re expected to be a success because of their passion for a product. Most sponsors have no idea how to provide a track to run on. They leave the new recruit with shopworn advice like “make a list of 100 people and start calling them”.
OMG! Who in their right mind wants to call 100 people who don’t want to hear about a business opportunity? (Actually, I know someone who LOVES to do that. Thank God for Caller ID. I can avoid his calls and not hurt his feelings! He’s not in his right mind.)
The internet would be a perfect tool for building a downline if there was a tool that was easy to implement, affordable, and duplicatable. The truth is, that’s out of the reach and skill level of the vast majority of people.
If you have those skills, marketing and computer programming, you could create a product that hundreds of thousands of network marketers would want, so please don’t let me dissuade you from trying. I might be the first to sign up!
The best system I’ve found is a two-part system. Part one is Mike Dillard’s Magnetic Sponsoring. Mike’s specialty is teaching the networker marketers MINDSET. Unless you have the right mindset, you’re going to approach prospects the wring way. Not one MLMer in a hundred knows this vital piece.
The second part is called MLM Lead System Pro, which is a turn key system for building an online recruiting “machine” that’s extremely effective and easy-to-implement.
One of the most common “blind spots” for networkers is that we can’t see the gaps in our own knowledge. We want to charge ahead and change the world (and our financial destinies) but we do so unprepared. The tortoises who prepare themselves well always outperform the impulsive hares who leap into action without knowing what they’re doing. These two tools signal the provide the competitive edge that can put any dedicated MLMer in the most-successful 5% of any company.
After struggling to build his MLM for many years, John Zehr discovered a way to attract new distributors almost magically. He’s offering free training videos that explain the Magnetic Sponsoring” techniques at his web site, free of charge. Don’t reprint this exact article.
