Before approaching the prospects, you need to target your audience. One of the biggest mistakes new MLMers make is looking at everyone as a potential customer. This is an area where the MLM industry gets wrong. Like any other business, you’re going to have greater success and efficiency if you identify your target market or audience and focus your marketing efforts at them.
Many distributors feel overwhelmed by the details that surround the business. They have trouble understanding and managing the various sales tools, marketing systems and compensation plans. And with the technology-driven information and support systems thrust on them by progressive MLM companies, it's no wonder so many people become confused and disillusioned, and drop out way too soon. Since you're just getting started, here are a few words of advice:
The main website a lot of people use when they are online is social media. These websites are where you can sit there and talk to anyone around the world that you know, and chances are that most people you know have an account on these kinds of things. You’ll want to make sure you do some looking into making a business account, because marketing through your personal profile may not do so well for you. Social media sites are free to use, but they also have ways you can pay for ads that go out to people.
If you want to learn about the wonderful (and massive) world of internet marketing from the pros, Digital Altitude is where it’s at. Their products might cost up to $10k+, but you’re getting access to a toolbox of pure gold. Then there’s their commission rate…up to 60%. Just take a second to think about what a 60% commission rate on a $10k+ product looks like. Not bad, huh?
In many areas, the Commission undertakes case-by-case law enforcement, which can offer significant benefits when compared with prescriptive rulemaking or legislative action. For example, a case-by-case approach allows the FTC to address bad actors engaged in a specific harm, without directly affecting an entire industry. This approach also limits the potential unintended consequences that can result from one-size-fits-all industry standards in statutes or regulations.
MLM restructures the traditional business model — manufacturer to retail shop to customer — such that sales agents working for the manufacturer sell directly to customers, bypassing the retail shop altogether. MLM companies can then convert customers into advocates for their products and possibly even sales agents. Because there is no retail store for the products they sell, MLM agents typically work from their homes, interacting with customers in the community or, more often, over the internet.
Are you looking to improve your MLM and Network Marketing sales skills? You're either Making Sales or you're making Excuses, not making any sales. Peter Mingils teaches the Making Sales or Excuses Training Course. To get the right kind of MLM training, you can take the Mini Course or the Full Course and increase your sales and sales management skills!
Multi-level marketing businesses sell a variety of products from vitamins to vacuum cleaners. Starting a MLM business makes you responsible for not only selling but also recruiting a sales team. Keeping your employees motivated is a challenge. You also have to create a payment structure that rewards salespeople sufficiently to keep them happy and at the same time grow earnings for the company.
Busting out into a world where you are met with travel bloggers, hotel jumpers, and digital wanderers, seems to me that #wanderlust had to be one the best ideas ever…out of the MLM industries. A lot of people are willing to work far away and alone, and a big reason is because people want to travel and see the world. Therefore, a remote income business with a travel MLM company just seems like the right move. World Ventures came out with a solid effort in the travel niche, and was named as one the incorporation 5000’s fastest growing companies 2 times in a row.
I was at “Sweetness Bakery and Cafe” the other day to order a hot chocolate with a friend. The barista asked me if I wanted half & half, whole milk, soy, rice, or hemp milk. I had never tasted hemp milk before. And I remembered the transition soy went through when manufacturers started sweetening soy up. So, I decided to try hemp since I figured it was sweet enough or the cafe wouldn’t suggest it. And Oh My God! It was the best cup of hot chocolate EVER! And I was amazed at what can be done with hemp.
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.
Using link referral sites is another great way to generate free MLM leads. Link referral sites are basically a database of websites and blogs grouped in categories. After creating an account the network marketer will be asked to review up to 15 other websites and write a review of each on a daily basis. This is a great way to make new friends and expand the network of referrals.
The term 'surveyed lead' is given to an MLM lead that has already spoken with someone from your company. Are You Buying A Fresh Lead That's An Lead That Has Not Been Sold To More Than 2 Business Owners. All around the internet there are mlm lead companies who are selling everything from real time leads all the way to 45 day old leads. Success with mlm leads is most about numbers, time, & "you". Sufficient numbers, followed consistently over time (minimum of 6 months), & applying a disciplined method of follow-up will show results with most any lead source.
Great tips Ray, and you came from the Real Estate industry and anybody who is successful in Real Estate is usually much more successful in Network Marketing as a Career, because Real Estate is Networking and Marketing so it's a natural transition and so again, you were already a very accomplished professional in the industry and didn't even know it until you got in it! LOL! So, yes, Ray is right again, (dang, do I really have to admit that! :)) And again, this advice isn't new but process or lack thereof is what most don't master, and I even have some sticky spots, at times, but process and processes must be mastered like you said Ray, and being able to make a sale (no matter how simple it may be to do as a process) is hard for most people because there is always a little tension at that time and just because of that few minutes or so of being kinda uncomfortable while wrapping it up as they say, most people live all or most of their lives afraid of this one unavoidable instance, and throw their future to the wind or out the window. One of the two. 🙂 With that, make it a great weekend and Good Day! HF. PS. Oh, last thought, a women and her husband (the Hodges) were in Real Estate, and still are, and have made millions in this industry from what I found out, since they are working with myself and the VP of the Co I'm with. So people in your industry Ray that see the light in the Network Marketing industry that are savvy usually crush it to use a way worn out pun! Chaio. HF
“Inventory loading” is a term that may be used to describe a participant’s wholesale product purchases that are made in an attempt to advance in the marketing program, rather than made to satisfy actual consumer demand in the marketplace for those products. Just as MLMs involve a variety of structures and products, payments that participants make to advance in the marketing program rather than to purchase product to satisfy actual consumer demand can take many forms, such as expenditures to purchase inventory.
Any readers on this page who haven’t gotten started, I encourage you to find a company and get going. I’m partial to mine, but Charles is in a great company as well. If you’re not familiar with him, I can tell you that even though we are in different companies he is truly a leader with an abundance mindset. He’s always been supportive of me from the beginning and willing to add value to my life.
Rather than focusing solely on the technical aspects of how the best MLM leads are generated , we are able to dramatically improve overall conversion rates and quality of network marketing leads by adjusting the entire opt-in process through the eyes of your prospects. Our job is to understand what your prospects want and to help them get it. We believe technology and design should follow people, not the other way around.
I’m torn. I use Rodan+Fields but never considered being a distributor. Then a friend of mine introduced me to Jeunesse and got me fired up to be part of his team. I said “yes”. But now I’m wondering if the company is right for me because a) I read some negative stuff online about the company, the products, lawsuits, however the team is amazing! b) I actually really like what R+F has done for my skin therefore I feel I connect with the company more.
As a last resort, you could try cold calling by phone. This is probably the most depressing and soul destroying activity on the planet. Even if you get past the usual questions such as ‘If you’re selling something – I’m not interested’ and ‘How did you get my number?’ you need a really slick and professional script and the ability to recognize and avoid lonely old ladies who just want to interact with someone, anyone, in fact.