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November 05, 2007
MLM Best Practices
As a network marketing distributor, it is always important to keep abreast of the current best practices to ensure on-going business and growth. Here are the 6 best practices that many top mlm leaders are using to successfully build their businesses.
*Always have a advertising budget whether you are marketing online, offline, or doing a combination of both. Advertising is essential to your business life and growth. Stick to your budget for a year so that you will have on-going momentum. At the end of the year, evaluate how you have done and make adjustments as needed.
*Keep in contact with your team. You can touch base with them on a regular basis by phone or by email. This is an important best practice strategy to implement, especially for those on your team who are serious team builders. Your team members joined, hopefully, because they know, like, and trust you. This doesn't stop after they join you, so keep in close contact. Once your team grows, you likely will not be able to talk and work with everyone 1:1. However, you can still work closely with your top leaders and teach them how to work with their people. This ensures strong support throughout the team.
*Be consistent with lead generation. As a network marketing distributor, having a constant influx of interested prospects in your pipeline is necessary. It is also important to make sure that the system you use to attract prospects is duplicatable. In other words, it should be so simple that a veteran or someone just starting out can use successfully.
*Build leaders and make them successful. You want to hear from your business builders, "I'll do whatever it takes", and not "Well, I'll just try and give it a shot." The second response usually means if things don't work out for the person, they very well may quit. Leaders also make sure their distributors order products. They never complain to their upline or downline, and have their own aspirations, goals, and drams. True leaders also will run a meeting if you are away. You want to build leaders with strengths such as these on your team.
*Have a written plan. As a professional network marketing distributor, always write out your plan and how you desire to achieve your goals. Do this on a weekly basis, work it, and then review it at the end of the week. If you are not satisfied with how things turned out, make adjustments for the following week.
*Discover the marketing practice that works best for you and become really good at it. This may be article writing, blogging, creating on-line videos, e-zine advertising, etc. If you are not sure what you want to do, implement what is working for others until you find what works best for you.
Becoming a successful network marketing distributor and leader does involve following the best practices others are using with great success. Study them, implement them consistently, and watch your business experience on-going growth.
Posted by mlminternetcoach at 09:24 AM | Comments (0)
November 02, 2007
Failing At MLM?
As a professional network marketer, you want to be successful in building your home business. If you find yourself struggling in spite of being in a company that has all the supports in place for you to be successful, there likely is an underlying subconscious factor that is holding you back.
If you are familiar with Napoleon Hill's classic, "Think and Grow Rich", in the chapter entitled 'Organized Planning', he discusses thirty-one major reasons for failing.
Hill's checklist is a quite useful one to study. You can easily discover if any of the thirty-one reasons discussed applies to you. If you really want to be successful not only in business, but in other areas of your life, try to figure out what is standing between you and achieving your dreams. Here are the top reasons for failing not only in MLM but life:
Reason #1: Lack of a well-defined purpose in life. If you have no definite goals, not only for your network marketing business, but life in general, you will not be successful. Hill reports that 98 out of every 100 people he talked to had no well-defined purpose. Don't be one of the 98 who are wandering aimlessly in life. Spend some quiet time brainstorming what you want out of life and your business, write down your goals and aspirations, and then read them out loud every day to keep them fresh in your mind.
Reason #2: Lack of ambition to aim above mediocrity. If you are the type of person who is totally indifferent to your lot in life, have no desire to get ahead, and are not willing to work for it, you will not succeed at anything.
Reason #3: Lack of self-discipline. A lack of self-control can wreak havoc in your life. You must learn to control all negative qualities, including the ones that are in you. This, of course, isn't always easy to do. If you don't have self-control and discipline, your self will conquer you!
Reason #4: Procrastination. This is one of the most common causes of failure. Every human being on the planet faces this demon, which can spoil your chance of success. Many of us float through life waiting for just the right opportunity to come. You must learn to take action. Why? This is important because many times things won't be "just right". The key is take action with whatever tools and resources you have. If you do this, you will be amazed at what a difference this can make in your home business and life.
Reason #5: Lack of persistence. Many people become professional quitters. Most of us are very good at starting, but the "quitter" category usually claims the majority. Plus, many people give up at their first defeat. You must learn to be persistent no matter what obstacles you are facing. If you are persistent, you will find that "failure" will not able to keep up!
Reason #6: Negative personality. To put it bluntly, if people avoid you because you are the king or queen of negativity, there is no hope for success. Success comes by applying power and this is obtained through cooperation of others. Negativity does not glue people together, but tears them apart.
Reason #7: Desire for "something for nothing." Any type of "get rich quick" attitude, an unwillingness to actually work at your network marketing business, or wanting others to do all the work for you will doom you to failure.
Reason #8: Lack of concentration of efforts. If you are one who jumps from opportunity to opportunity because things seem to be going too slow, or to generate as many streams of income as possible, things will not be good for you. If you constantly chase the next "get you rich quick" opportunity, you are in grave trouble. Everyone will view you as a highly unfocused person who clearly has no idea what you want. Learn to concentrate all your efforts on one definitive aim.
Reason #9: Lack of enthusiasm. People will view you as someone who is not convincing if you seem ho-hum about your opportunity. If you are not excited about what you are doing, why should others be? Remember, enthusiasm is contagious and people will want to be around you if you have this spirit.
Reason #10: Egotism and vanity. If you are one who likes to control, don't want to listen to what others have to say, have an attitude of "my way or the highway", etc., people will see this as a red light and will keep away. These attitudes are fatal to success in your network marketing business, as well as other areas in life.
So, there you have it. The top ten reasons that could be influencing why you are having difficulty finding success not only in your MLM home business, but also in other areas of life. Work on eliminating these fatal attitudes from your life and you will be well on your road to achieving your hopes and dreams.
And be sure to get the right MLM training!
Posted by mlminternetcoach at 05:32 PM | Comments (0)
November 01, 2007
Get New MLM Distributors Set Up Right
As a leader in your MLM organization, you know that your work is only beginning when a prospect joins and becomes a new distributor on your team. One of your tasks is to assist him or her in getting set up right.
Now, since we all know it is impossible to sell anything from a cart that is empty, we want to make sure our new team member do not start off handicapped! Here are four tips to help your new MLM distributors launch and build their teams, based on the four different areas of the business.
1. Personal Use: The quickest way to learn the business as well as be sold on it is for new distributors to actually use the company's products. If the person doesn't make an effort to use any products and does not believe in them, should you have even sponsored him or her in the first place? So, make sure your new folks are not only sold on at least 2-3 products, but also actually use them.
2. Retail Sales: It will be hard for a new distributor to make any sales if he or she has zero products to retail. Don't you think it will look bad when your new recruit approaches a customer to make a sale, and doesn't even have any product on hand? Therefore, it is important to remind your new MLM distributors to be supplied with some products when he or she starts their new home business.
3. Samples: Most companies have products that can be given as samples to potential customers. As a true leader, it is important that you lead your new team members by example. So, show them how to give away the free product samples to customers.
4. New Distributor Start-Up: This is similar to number three. When you start a new distributor in your MLM business, if he or she is a local person, the individual will need products as soon as he or she joins. If you plan on starting more than one person at a time, you need to have enough supply on hand to give to each of them. This is necessary because your new team members needs something to carry them until their first product shipment comes in. This approach also helps motivate your new distributor to keep their new home business in the forefront, to focus on getting the word out, and to start building their own teams. This step is crucial to getting your new team members started off right.
In summary, as a team leader, you want to do all you can to assist new distributors in starting their MLM home business right. They need to earn money by moving products, and, in return, to become even more motivated to be successful when sales are made. So, follow these tips and your new team members will be so thankful to you and your help!
Posted by mlminternetcoach at 09:26 AM | Comments (0)
