LESSONS LEARNT - MY EXPERIENCE IN MULTI LEVEL MARKETING
Multi-level marketing is a
strategy that some direct sales companies use to encourage their
existing distributors to recruit new distributors by paying a percentage of their sales; the recruits are
known as a distributor's "downline" or independent business owners (IBO)
Over the years, having signed as an independent business owner with a few MLM companies I have gained some valuable experience and basic knowledge of the business to share on my blog.
Multi-level marketing provides an additional source of income. Success of the business is dependent on the input, effort or value being added.
Based on my experience here are a number of pointers:
Success of the business depends on people (distributor, referrals, prospects, customers). People provide income by purchasing products, give feedback on the product or service and referrals for prospective customers. Attracting people to your business is most important.
Marketing
Marketing is where I’m doing something I hope people reacts or responds to. For example, Facebook status, Facebook Live, or flyer. Good marketing means thinking about the customer and crafting a message for that person. If I’m saying, “Are you, struggling with network marketing? Here are five tips to help you increase the numbers.” I’m trying to solve a problem, so marketing is specific
Who you want attracted to you, should dictate your marketing. If I want someone focused on building a business or network marketing or home business or making money from home, roll out marketing to attract that type of person. For example, want to make $5000 per week while staying at home? Join me on Sunday at the 5 pm on FB live and I'll teach you how.
What Works
What works is focus. Consistently getting up, following the instructions, doing the deal, solving problems and providing value on a daily basis to a target market. What will prevent that is if you are not interested in what your are selling.
Over the years, having signed as an independent business owner with a few MLM companies I have gained some valuable experience and basic knowledge of the business to share on my blog.
Multi-level marketing provides an additional source of income. Success of the business is dependent on the input, effort or value being added.
Based on my experience here are a number of pointers:
Success of the business depends on people (distributor, referrals, prospects, customers). People provide income by purchasing products, give feedback on the product or service and referrals for prospective customers. Attracting people to your business is most important.
How To Attract The Right People To Build Your Network Marketing Team
There are two ways to attract people to your your business : prospecting and marketing.Prospecting
Prospecting is you reaching out to people. If I meet somebody that’s got a good personality, good energy, and I’m actively building a network marketing business, I’m going to prospect them. I’m going to see if they’re open to taking a look at my product.Marketing
Marketing is where I’m doing something I hope people reacts or responds to. For example, Facebook status, Facebook Live, or flyer. Good marketing means thinking about the customer and crafting a message for that person. If I’m saying, “Are you, struggling with network marketing? Here are five tips to help you increase the numbers.” I’m trying to solve a problem, so marketing is specific
Who you want attracted to you, should dictate your marketing. If I want someone focused on building a business or network marketing or home business or making money from home, roll out marketing to attract that type of person. For example, want to make $5000 per week while staying at home? Join me on Sunday at the 5 pm on FB live and I'll teach you how.
What Works
What works is focus. Consistently getting up, following the instructions, doing the deal, solving problems and providing value on a daily basis to a target market. What will prevent that is if you are not interested in what your are selling.
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