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What do you think it takes to build a powerful and profitable network marketing business?
What do you need to do to have explosive downline growth for your business?
Effort?? Hard work?? Strategic thinking?
You can put as much effort and hard work as you want to but if you don?t have a solid strategy then you are going to see very slow growth.
What is the whole point of network marketing? To leverage the time and effort of other people to generate a 5-6 figure monthly income?..in other words, to become filthy rich.
The once famous billionaire J. Paul Getty Said
I?d rather have 1% of the effort of 100 men than 100% of my own effort.
Robert Kiyosaki is dead on when he says
The richest people in the world?look?for and?build networks
, everyone else?looks for work.
The word leverage is the sweetest word to the rich. ?Learn the power of leverage and have it become part of your daily vocabulary. ?Focus on the big picture and visualize having a deep downline. ?Once you recruit enough people you?ll have a couple of ?MLM All-Stars who will start recruiting by the masses. ?Before you know it you?ll have a team of massive distributors across the country growing your team without much effort from you. ?Focus on this picture because what you think about you bring about. ?Eliminate any self defeating thoughts and think of only the things you desire and all of the people you help along the way.
With that being said I?ve listed ways you can leverage your efforts to start generating the income you expected when you first became a network marketing distributor. There are plenty of ways to leverage and I?m listing only what I believe are the top 3 ways.
Tip #1 ? Build Your Email List
This goes beyond common sense yet only a very few in MLM are doing this. ?Maybe it?s because they?associate?it to affiliate marketing where they have to write months and months of pre-written emails promoting an info product or service. ? The reason to utilize a personal email list is to have communication with the people who have expressed interest in what you have to offer. ?It only makes sense to give something of value in exchange for their permission to personally contact them everyday. ?If you run a blog (which you should do because your company replicated website will not make you stand out) you can email your list with a synopsis of your latest article and direct them back to your site. ?This way they can know, like and trust you because we all know that people join people and not opportunities.
Tip #2 ? Utilize Third Party Tools
This is where a lot of network marketers go wrong. ?They say too much when first contacting a prospect and end up losing them before they?re sent off to watch a?presentation. ?When first talking to a prospect you want to ask questions to find out their wants, needs and desires. ?Let them do all of the talking. Control the conversation by asking trigger questions then keep your mouth closed and turn on your ears. Keep it under three minutes and if they?re someone you can work?with, invite them to watch your company?s?presentation. Let that do the selling for you. ?If they have questions as most of them will, call one of the leaders in your upline to do a three way call if you?re unclear on how to answer a question. ?Your job is to market and promote your product and use all resources and third party tools to do the selling for you. ?
This should be your daily routine:
- Prospect ? Ask people daily if their open to generating extra income (10 people if your full time, 5 people if you?re part time)
- Invite ? Send them to see what your?opportunity?has to offer (company?presentation)
- Follow Up ? Confirm a time to talk after they?ve reviewed all the information about your opportunity. Answer their questions and if needed, validate with a three way call with one of your upline leaders
- Enroll ? Now that they?ve joined you and your business, all you do is teach them how to do the same (steps 1-3)
It cannot be any simpler. ?Become a master inviter and let the tools do the selling for you. This will definitely help you explode the growth of your downline.
Tip #3 ? Use A Sales Funnel
This will increase your income by 20% if you?re not doing this already. ?You want to have a front end product such as a high?quality?info product (ebook, video training series, etc) that you can retail under $50. ?Or have a resource page advertising the tools and services you use to help run your business. You?ll collect affiliate?commissions?on the services or products from those you have referred. ?These two methods allow you to?subsidize?your advertising cost so you can drive targeted visitors to your website. ?You can scale this as your business grows but the main goal of your front end profit is to break even on the advertising cost. This allows you to have a budget so you can expose your back end product, aka? your business opportunity.
This tip is extremely important?because?without any leads you don?t have a business. ?People forget that starting a network?marketing?business?is just that, it?s a business and you MUST have an advertising budget when starting out. ?Once you start to break even your?advertising?cost is ?free? but you must spend money on advertising your first 6 months. Once you start scaling your advertising according to the growth of your business, you?ll be able to drive a ton more traffic to your website and you will start to notice the explosive downline growth in your network marketing business.
PS: If you liked this article and think someone else will receive value from it, please share?.leave a comment if you?d like!
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Source: http://ericmclaughlin.net/3-tips-for-explosive-downline-growth-in-your-network-marketing-business/
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