Many self-proclaimed entrepreneurs send me invitations and accolades to join their favorite Multi-Level Marketing (MLM) or Network Marketing company, but these all sound like "get rich quick" schemes to me. For me, the essence of an entrepreneur is creating something new and innovative, whereas an MLM is a traditional formula on an existing product with a high premium on pyramiding.
Since this is your first time in MLM, be sure you select a company that has some longevity, having developed mature training programs and sales aids. Finding a company in the momentum stage is great as well, but don't get blind-sided by what appears to be fast bucks. If you choose the wrong company and have a bad experience, it may sour you on the entire concept. For your first experience, look for an established company that's been in business for at least two years but is in its early momentum stage. Try to determine the strength of the product line, management team and compensation plan.
6. Be a Team Builder BEFORE you have a team. Maybe you are reading this and thinking “I don’t have a team yet”. Well, you need to start acting as if you do have a team. See yourself leading calls, making shout outs to your team and start acting as if you are leading a large team. The simple act of tricking your mind into thinking you have a large team will attract new thoughts into your head that are conducive to having a team.
I am new to Network Marketing and I’ve realised that I have so much to learn. My most profound realisation has been that I have to change my thinking, which will change my behaviour and which in turn will change my future. This is where your blogs fit in: they provide a paradigm shift with regards to how I’ve been taught to make money and what is required to be financially free.
Yet there must be something to the business model, since I see some big business icons like Donald Trump are joining in the MLM parade. I've written about these before, and I'm still looking for one that feels entrepreneurial. Who has a convincing story that will make me feel good and pure as I recommend their MLM to my best startup clients? Do you love them or hate them?
Use social media. Posts asking people to join your team won't likely produce results, but if you're clever, you can use social media to generate interest in your business and possible leads. For example, if you sell weight-loss products, you can promote before and after pictures on Pinterest or Instagram. If you sell makeup, you can post tutorials on YouTube that you share across social sites.
Etsy is perhaps the most famous marketplace for people selling arts, crafts, supplies, vintage clothing and much more. For each item you list, Etsy charges $0.20, and listings expire after 4 months. When you make a sale, you will be charged a transaction fee of 3.5% of the item price (This percentage does not apply to the shipping cost or tax.). Sellers can accept payment by credit card, debit card, Etsy gift card, some bank transfer services, Apple Pay and Google Wallet.
Often the only way to make these sales is to recruit people under you (making commission off their starter kits) or to buy products yourself. Otherwise you’re left trying to sell your products to friends, family, mums at the school gates, and anyone you come into contact with (one of the reasons why some of the more pushy/desperate MLM reps get a bad reputation).
7. Teach to Teach and You can go to the Beach. This might be the biggest of all the Network Marketing tips I can offer you. Yes this is a people business but it is still a BUSINESS. If YOU are the only one that can answer questions, lead webinars, etc, you aren’t teaching your team how to operate in your abscence. Teaching to teach means you answer questions in a way that the person asking the question can then tell any reps they recruit where to also get those answers. HINT: If each time a teammate asks you a question has you on the phone for 45 minutes vs pointing them to an existing training, you gots some work to do!
I have just seriously started to have online research regarding network marketing business sinced my wife always convinced me to help her doing MLM business.she didn’t succeed yet almost 3years now but then when I read your tips on how doing MLM business successfully I felt very happy.I believed this will help us my wife to become MLM successful in the future.thank you so much for posting helpful tips…
Your very own leads administration panel, so that you can access your mlm leads online from any location, any time. You have the ability to pause your mlm leads, set a max leads per day and adjust later if you wish, update billing information, order more mlm leads, export leads to your computer via csv or excel, and much more. You may also check out our business resources page.
MLM or Multi-Level Marketing, is a strategy that companies use to encourage their prevailing distributors to hire new distributors by paying these prevailing distributors a share of the new recruit’s sales. Commonly known as Network Marketing or Direct Marketing, the distributors own the advantage of making money through the direct sales of products to clients or consumers.
I appreciate this comment. I’m a doTERRA gal. When I signed up I said I’d never sell. I just wanted to buy and use the oils. Then because of my love for them, people started coming to me for education and asking where they could get oils. So now I sell them. I’m not a sales person. I can’t bug my friends about stuff. But I’m growing this business because I truly believe in the products and use them every single day. I may not ever become rich from this and that’s OK with me. I won’t consider it a failure. Every person I help is a success in my book!