Why does success in network marketing seem so difficult? Let’s agree to start teaching “The Seven Steps” of network marketing success to those who actually want to create the life of their dreams, and leave the rest of the world alone. After all, we’re involved in a great industry, with terrific people, offering unlimited opportunity. And we should be proud to speak the truth.
1) Network Marketing is a business.
Networking is a unique form of enterprise, and you’ve got to understand the game you’re playing. Therefore mentally consume every page of your distributor manual the day it arrives. Listen to your training tapes again, and again, and again. Like a song on the radio, you learn the lyrics by hearing the music one more time.
2) Freedom by the numbers.
Understand the numbers, and your compensation plan. Start by involving three or five people, whatever number your plan dictates. By your fifth year, the commissions paid on your invested efforts could well equal a mid six-figure annual income. After that, the sky’s the limit.
3) Attend every live event.
The weekly presentation is part of the process. You need to be in attendance every week, to see the presentation again. Remember the music? You need the association, and the environment to showcase your company for your prospects. True, not everyone attending every meeting earns $10,000 a month. However, everyone earning $10,000 a month attends every meeting. Now that’s a refined study of the obvious.
4) Work only one company.
Leaders understand this truth, because no man or woman can serve two masters.
5) Have a compelling written “Why?”
Success in Network Marketing is 20% how to, and 80% why to. The best part is, if your reasons are strong enough, you’ll learn everything you need to know along your journey.
6) Invest in yourself first.
Some people are still trying to earn 2008 money using a 1982 education. It can’t be done. If you want to earn more, you’ve got to learn more. Therefore, read all the books, attend all the classes, and learn everything you possibly can.
7) Decide in writing you’ll be here a year from now. Long-term written goals possess the power to pull you right to the top of your company. Put your dreams for your future on paper, and begin building your dream life!
These “Seven Steps” will take you to the top!
Friday, November 21, 2008
How to Be Successful in Network Marketing - #1 Don’t Buy Leads!
So, you’ve tried and tried, and worked and worked, and paid and paid! I know, I’ve been there. I’ve lost a lot of money and was frustrated at my lack of success. But Network Marketing can and does work. But you have to know what you are doing, you have to learn the ropes, and you have to be with a good company, where management has the higest integrity and is looking out for you.
You want to be successful and financially free. And Network Marketing is a good way to accomplish this. But there are lots of scams out there. Or companies that are just not looking out for their reps.
Are you buying leads for hundreds or thousands of dollars each month. Trust me, buying leads does not work!! I know, I’ve tried it. I once spent $1,275 on leads in one month, and you know how many people I signed up? Zero!!! Yep, that’s right, a big fat zero!
There is a way to make money in this business, but you have to know what you are doing, and you have to work with great people who know what they are doing, too. And nobody should charge for this information. A good mentor will mentor you for free.
So, where do you go from here? Well, you need to be educated, and you need a great mentor. Check out my links for a free e-book called Success In 10 Steps, and the Mentoring For Free site.
You want to be successful and financially free. And Network Marketing is a good way to accomplish this. But there are lots of scams out there. Or companies that are just not looking out for their reps.
Are you buying leads for hundreds or thousands of dollars each month. Trust me, buying leads does not work!! I know, I’ve tried it. I once spent $1,275 on leads in one month, and you know how many people I signed up? Zero!!! Yep, that’s right, a big fat zero!
There is a way to make money in this business, but you have to know what you are doing, and you have to work with great people who know what they are doing, too. And nobody should charge for this information. A good mentor will mentor you for free.
So, where do you go from here? Well, you need to be educated, and you need a great mentor. Check out my links for a free e-book called Success In 10 Steps,
Crazy Policy & Procedures (P&Ps!)
This is a great research article from my friends Bob and Anna. They did a lot of research on several different policies and procedures (P&Ps) from many different network marketing companies. This is a sample of some of the crazy things they uncovered!
“Promotions are approved at the discretion of the upline leader, but company distributors may choose the automatic promotion option.”
This one made no sense until we realized that the company has a stairstep breakaway comp plan. When people promote below you, they take part of your check. This company allows your upline to stop your promotion, even though you have earned it!
“In keeping with the Company rule that a husband and wife cannot hold separate sponsorship positions, they must choose which one of them will transfer to the distributorship of the other, while leaving the transferring spouse’s sponsorship group behind. If for some reason a dispute should arise over the choice of sponsorship lines, the company reserves the right to decide each case independently.”
This means that if Alice is a successful distributor and she wants to marry Bill, also successful, one of them must give up his/her business! We wonder where that other business goes. To the company? Hmm. This company is looking for ANY reason to steal your check. This is breakage at its finest.
“In order to maintain status as a distributor, the distributor, spouse, family, household member, or distributor’s business partner are required to not actively participate in any other network marketing or direct sales company.”
Can you say indentured labor? Dictatorship?
"The distributor must fully, at all times, disclose the fact of ongoing income being received from any other network marketing or direct sales company."
Picture your boss requiring you to disclose your earnings from your second job. This is what we meant in our first article about MLM companies controlling you more than any employer ever would in the ‘real world’.
"The Company expects associates to make good judgments when referring customers and avoid situations that may lead to fraud or high customer turnover. Associates will be subject to a charge back for any incentive, bonus or commission earned if a customer fails to become active or is deactivated or canceled for any reason or suspended for non-payment within 180 days after becoming active.”
Does this mean that if a customer of mine fails to make one payment in the sixth month, I must pay back EVERYTHING the company has paid me?
To learn more about how to protect yourself, start with your free e-book, Success In 10 Steps. It will save you years of failure and frustration, and perhaps an unpleasant termination.
“Promotions are approved at the discretion of the upline leader, but company distributors may choose the automatic promotion option.”
This one made no sense until we realized that the company has a stairstep breakaway comp plan. When people promote below you, they take part of your check. This company allows your upline to stop your promotion, even though you have earned it!
“In keeping with the Company rule that a husband and wife cannot hold separate sponsorship positions, they must choose which one of them will transfer to the distributorship of the other, while leaving the transferring spouse’s sponsorship group behind. If for some reason a dispute should arise over the choice of sponsorship lines, the company reserves the right to decide each case independently.”
This means that if Alice is a successful distributor and she wants to marry Bill, also successful, one of them must give up his/her business! We wonder where that other business goes. To the company? Hmm. This company is looking for ANY reason to steal your check. This is breakage at its finest.
“In order to maintain status as a distributor, the distributor, spouse, family, household member, or distributor’s business partner are required to not actively participate in any other network marketing or direct sales company.”
Can you say indentured labor? Dictatorship?
"The distributor must fully, at all times, disclose the fact of ongoing income being received from any other network marketing or direct sales company."
Picture your boss requiring you to disclose your earnings from your second job. This is what we meant in our first article about MLM companies controlling you more than any employer ever would in the ‘real world’.
"The Company expects associates to make good judgments when referring customers and avoid situations that may lead to fraud or high customer turnover. Associates will be subject to a charge back for any incentive, bonus or commission earned if a customer fails to become active or is deactivated or canceled for any reason or suspended for non-payment within 180 days after becoming active.”
Does this mean that if a customer of mine fails to make one payment in the sixth month, I must pay back EVERYTHING the company has paid me?
To learn more about how to protect yourself, start with your free e-book, Success In 10 Steps. It will save you years of failure and frustration, and perhaps an unpleasant termination.
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