5 Ways to become a Better Networker

5 Ways to become a Better Networker

(even if you are an introvert):
by Dorie Clark, marketing strategy consultant and author

Dorie Clark - Reinventing You 5 Ways to become a Better Networker (even if you are an introvert): by Dorie Clark, marketing strategy consultant and author
Dorie Clark – Reinventing You 5 Ways to become a Better Networker (even if you are an introvert): by Dorie Clark, marketing strategy consultant and author

Useful tips of how to expand your network connections

(Harvard Business Review video)

Below are partial transcripts of the video:

1. Have a better opening

  • Talk about their passions. “What are you most excited about lately?”
  • Get as much info about the other person before telling them about yourself. Find a commonality.
  • “How do you break into the …. industry?”
  • “I’m starting out in a new business… how…?”

2. Become the hub

  • How to be indispensable in a network.
  • You have access to ideas, knowledge, best practices which are useful to other people.
  • You know people and how to accomplish things.
  • Be a host of an event.
  • Do your homework before attending an event.
  • If you get invited, invite them back.
  • “How do you spend most of your time?”

 

3. Become the host

  • Do regular dinner parties, tea party, BBQ, Sports gathering (4-6 people) to build a relationship.
  • Create an event that you like/enjoy.
  • Make people feel welcome at events, As a regular at events, talk to new people.
  • Look for people who don’t have people to talk to. Be empathetic.

 

4. Content as networking

  • Create insightful and useful content on social media / blog post which may be useful to your network.
  • Get people to come to you.

 

5. Bagels vs. Croissants

  • Create space for new people to join your group during networking events. Find an ally / host to help you break in to a closed group.
  • Learn how to recover from a bad connection.
  • Talk about yourself when someone asks about you.
  • Don’t have a private conversation in a network event.
  • “Do you mind if I join you?”
  • Don’t go to these events without your own personal name cards.
  • “I just left my job doing ….., now I looking at my next move”
  • “I’m trying to break into the … industry?
  • Ask thoughtful (second level) questions.
  • Be a professional conversational partner
  • Don’t try too hard to be liked upfront.
  • If you make a mistake, apologise sincerely.
  • Find a commonality with a friend that you can use to follow on.
  • Send notes on what the person is interested in

 

More info on Dorie Clark:

Your Stand Out (Strengths) Self-Assessment by Dorie Clark
(Get ideas on how to make yourself stand out in network marketing events)

Video on 5 Ways to be a better Networker | Personal Branding

Dorie Clark – Reinventing Your Personal Brand

dorieclark.com/hbr for more info on 5 Ways to become a Better Networker

http://www.teamrich.com – 5 Ways to become a Better Networker

 

Choosing the Right Network Marketing Company

How to Choose the Right MLM / Network Marketing Company

How to choose the right Network Marketing / MLM Multi Level / Direct Sales company that is right for you.
How to choose the right Network Marketing / MLM Multi Level / Direct Sales company that is right for you.

Facts and Statistics about Network Marketing / MLM

Over 150,000 network marketing companies were established since 1945. Out of this figure, only 1,000 are in existence today. To succeed in this industry, choose the Right Company.

There are a lot of network marketing companies. In fact, today there are over 1,000 of them, and an estimate of over 150,000 since the industry began in 1945. But how do you really know which one to choose?

The truth is, out of the THOUSANDS of network marketing companies that have opened their doors, only 63 have ever reached over $100 million dollars in sales a year in revenues. 34 have reached $250 million in sales. Our company was the fastest to reach both of those. And only 11 have earned over one billion dollars a year in revenues. What does it take to build a long-term, stable residual income that will follow you for decades?

Answer: Choosing the right company.

Network Marketing / MLM Facts and Statistics, figures 2014
Network Marketing / MLM Facts and Statistics, figures 2014

How to Choose the Right MLM / Network Marketing Company

Here are the key factors to consider when selecting an MLM / Network Marketing Company:

(Partial Source: Entrepreneur JULY 24, 2006):

1. Carefully research the company.

Company’s Track Record, Financial Stability

How long have they been in business? If the company is less than 2 years old, the probability of failure is high. If it’s more than 15 years old, you’ve probably missed most of its growth.

Examine the management team to see if it has a solid mix of people who’ve been involved in managing successful traditional and network marketing companies. Who are they? What’s their mission? Are they people with INTEGRITY? What’s their track record, past experience?

Search the internet to see if the company has any lawsuits or outstanding complaints against it. If the company is solid, you can assess the next factor.

Check also if the company has (c) international or global presence. Even though you have no plans of going international today, you cannot control the growth of your network in the future.

If the Network Marketing companies have been around for decades, you should examine if they are still growing and bringing in new reps and customers each and every single day.  You can get annual DSA statistics of the company if they are among the top 100 direct selling companies in the world. If they are not in the top 100 after a decade in business, you need to ask yourself why they have not made the great leap forward.

 

2. Find a product or service you’re passionate about.

Does the company need to have a physical product for me to offer to friends, co-workers, people online, etc? Does their products excite me?

If not, find another company. Also ask yourself, is this a product or service that’s in high demand and will be for many years to come?

Is this a consumable product or service people must reorder every month?

Is there a genuine need for the product or service?

Is the product or service unique in some way? Check also if the products are patented and exclusive to the company. There are very good imitators out there. You don’t want to see your products displayed at department stores or at any point, do you?

If it’s a product, does the company manufacture it? If it’s a service, does the company perform the service itself? You want the answer to be yes.

Check to make sure the company will be able to handle rapid growth in product orders or service performance.

Products must be of value but not overpriced and preferably with a money-back guarantee.

 

3. Examine the compensation plan:

Is the plan easy to understand and explain? Does it reward new associates who sponsor a couple of people, or do you have to sponsor hundreds to make a decent income?

Check if there are purchase requirements so you can weigh that monthly investment into your decision.

Ask for average annual incomes at different levels of the company to get a picture of what people are making, then ask how long it takes to reach your desired level.

Also find out if commissions are paid monthly, weekly or daily. Weekly is best–it puts less strain on the company and provides quick and consistent pay for you.

A good question to ask yourself would be, “Can I still make money if my network just consumes the products and does not recruit anybody?” Answer should be “YES;” otherwise, run away as fast as you can!

Another important question is Can you generate immediate income?

Beware of network marketing companies is offering very high returns. It is usually a sign that it could be a scam or money game. Chances you and your friends will get burn.

 

4. Determine the amount of help you’ll get with marketing.

Does the company offer full-colour marketing pieces, DVD presentations and customizable associate websites?

Will it train you to market your business?

Make sure the company has developed a solid internet-based ordering system so customers can order via the site. Also, the site should allow you to sponsor new associates.

5. Find out what type of and how much training is offered.

Does the company offer a reasonably priced (under $50) associate training kit? Is there training available online? Are there conventions and conferences held in cities near you?

When you find several companies that meet your criteria, you then have to use your gut instincts to make a final decision. Does this company feel right? If so, you’re ready to begin a career in network marketing.

6. Is the person who is introducing you to the opportunity committed to YOUR success?

If they are, the company is strong, and the product or service is a winner, (and, of course, you’re willing to learn) you WILL succeed. There’s a big difference between a “sponsor” and a “recruiter.” A sponsor coaches. motivates and trains and a recruiter just signs people up and in most cases, abandons them.

7. What types of things will motivate you to work harder?

Examples:

  • Recognition,
  • Money,
  • Property / Investments
  • Vacations
  • Flexible time, More Family time
  • Helping others around you succeed,
  • Opportunity,
  • Being first-to-market, etc.)
  • Be your own boss
  • Create a viable business for your family with less capital and in a shorter time.
  • No glass ceiling. You get paid for your effort.

 

Find strong, compelling reasons to drive you to greater success. Remind yourself everyday why you are in network marketing. Make your chosen career an all consuming passion. What drives you, will help you to persevere until you achieve the success you deserve and desire.

 

8. Finally…What you must do to succeed in Network Marketing?

I’ll be brutally frank, network marketing / MLM is a tough business. There are no short cuts. No free lunch. It is not a get rich quick business. But if you work consistently to build your network, you can earn money beyond your wildest dreams.

You’ll have to treat it like any business.You’ll have to work longer, harder, develop new business skills and think about how you can improve your success rate / business acumen all the time. The better you are at doing all of these, the more you will earn.

That said, network marketing is a level playing field… meaning we all start from zero. So even if you are new to network marketing, you can still achieve some level of success depending on your capability of learning and applying the  skill sets you were thought (duplicating). Most good and successful network marketing companies have got a good Business Success System. Learn it, Use it, Duplicate it.

In real estate, it’s all about location, location, location. In network marketing, it all about duplication, duplication, duplication. Make things simple for yourself and for all who come after you. If it is simple, everyone can duplicate your success.

Here are the key secret ingredients to your success in network marketing in a nutshell.

  1. Be coachable. No duplication, no success
  2. Develop your dreams, goals and objectives. No goals, no success
  3. Work, Work, Work. No work, no success
  4. Be consistently persistent. No persistence, no success
  5. Make friends everywhere you go. No prospects. no success.

Success does not mean the lack of failure. Success means going from failure to failure without the loss of enthusiasm or courage. Do you have what it takes to be success in network marketing? If so, contact me and I promise you it will be worth your while.

 

 

Related Posts: Network Marketing – How to Succeed in NMW

https://teamrich.wordpress.com – How to Choose the Right Network Marketing Company

HOW TO INSTANTLY CONNECT WITH ANYONE

HOW TO INSTANTLY CONNECT WITH ANYONE

HOW TO INSTANTLY CONNECT WITH ANYONE
HOW TO INSTANTLY CONNECT WITH ANYONE

by LEIL LOWNDES

 

This sequel to Leil’s international top selling “How to Talk to Anyone” makes you a master communicator with 96 all new cutting-edge communication “Little Tricks” for big success in business and social relationships―in person, by email, and on the phone. It has been praised as the 21st century version of “How to Win Friends and Influence People,” and was nominated one of the five best books in psychology by “Books for a Better Life!”.

This book is like a continuation to Leil Lowndes‘ How to Talk to Anyone. You should read that book first since it covers the basics, before reading this one.

The author introduces the psychologically sound concept, “Emotional Prediction” or E.P. which you can employ with everyone. Here are the ten sections of the book:

BOOK REVIEW  of “HOW TO INSTANTLY CONNECT WITH ANYONE”

This book starts off fairly strong, with some good advice for actually connecting with people during conversations (tricks to improve eye contact, how to figure out what topics will be relevant to the person you’re talking to, etc.) But later it devolves into a bit of an etiquette guide. A lot of the tips are a bit common-sense-y, but some of them are just ridiculous. The author is apparently the most sensitive person EVER- here’s a brief list of what’s apparently not-okay to say:

“Little tricks” include:
– When meeting someone new, press their pulse.
– Don’t pat when you hug.
– Hover around to see where they sit first.
– Give people a schtick name.
– Speak s-l-o-w-l-y for non-native speakers.
– Don’t speak of your “haves” with “have-nots”.
– Wave to imaginary friends.

“This is my friend, Harry.” Because Harry is a PERSON with a NAME so you should always say “This is Harry, my friend.” Same with spouses

 

BOOK CONTENTS   of “HOW TO INSTANTLY CONNECT WITH ANYONE”

– Paperback: 336 pages

 

Introduction: What Determines Social and Professional Success?

Part One: Seven Little Tricks to Make a Great Impression BEFORE People Even Meet You

  1. How to Develop Excellent Eye Contact in Ten Easy Steps
  2. How to Use Your Eyes to Make People Crave Your Approval
  3. How to Wear Confi dence When Meeting People
  4. How to Make People Appreciate Your Introduction
  5. How to Get Th em “Dying to Meet You”
  6. How to Make Everyone Anxious to Hear Your Opinion

Part Two: Eleven Little Tricks to Take the “Hell” Out of “Hello” and Put the “Good” in “Good-Bye”

  1. How to Have a One-of-a-Kind, Noticeably Outstanding Handshake
  2. How to Exchange Business Cards with Class
  3. How to Be a Successful Networking Conversationalist
  4. How to Give—or Avoid—Social Hugs
  5. How to Detect if Someone’s Hug Is Fake
  6. How to Show You Like Someone Without Being Forward
  7. How to Play It Cool or Play It Hot in Business and Love
  8. How to Say Hello to Prestigious People
  9. How to Meet the People You Want
  10. How to Make a Great Last Impression

Part Three: Twelve Little Tricks to Develop an Extraordinary Gift of Gab

  1. How to Get Lively Conversation Going with People You’ve Just Met
  2. How to Start a Friendship with Complete Strangers
  3. How to Never Hesitate Starting or Joining a Conversation
  4. How to Make Your Point When You Keep Getting Interrupted
  5. How to Make Friends with Th ose Who Don’t Speak Your Native Language
  6. How to Tailor Your Talk to Your Listener(s)
  7. How to Talk to Less Advantaged People
  8. How to Save Someone from “Dying of Embarrassment”
  9. How to Smoothly Change the Subject
  10. How to Know When to Never Change the Subject
  11. How to Not Give the Same Answer Twice

Part Four: Ten Little Tricks to Actually ENJOY Parties!

  1. How to Make Friends at a Big Party
  2. How to Meet the People You Want in an Unusual Way
  3. How to Never Look Lost and Lonely at a Gathering
  4. How to Ask Great Conversation-Starter Questions
  5. How to Save Face When You’ve Forgotten a Name
  6. How to Hide the Fact Th at You Haven’t a Clue What Th ey’re Talking About
  7. How to Get away from Nonstop Talkers
  8. How to Deal with VIPs at Social Events

Part Five: Five Little Tricks to Handle Invitations: The Good, the Bad, and the Bummers

  1. How to Increase the Chances of Someone Saying “Yes” to Your Invitation
  2. How to Turn Someone Down While Retaining His or Her Affection
  3. How to Handle an Unavoidable Bummer
  4. How to Prevent People Wishing They’d Never Invited You
  5. How to Impress Guests

Part Six: Thirteen Little Tricks to Be a Cool Communicator

  1. How to Play It Cool When You’re Late
  2. How to Come Out Smelling like a Rose When You’re as Guilty as Heck
  3. How to Come Across as Dependable and Competent
  4. How to Talk Behind People’s Backs so They Love It
  5. How to Make Everyone Comfortable Speaking with You
  6. How to Make People Look Up to You
  7. How to Exude a More Authoritative Air
  8. How to Make Your Signature 21 Percent More Prestigious
  9. How to Laugh Your Way to Being Respected
  10. How to Escape Bores Without Hurting Their Feelings
  11. How to Read People’s Minds

Part Seven: Twelve Little Tricks to Avoid the Thirteen Most Common Dumb Things You Should NEVER Say or Do

  1. How to Avoid People Thinking You Have No Status at Your Job
  2. How to Avoid Sounding like Someone Else Rules Your Life
  3. How to Avoid People Saying “Get a Life!”
  4. How to Know When Not to Be Friendly
  5. How to Avoid Sounding Dishonest
  6. How to Avoid Sounding Immature
  7. How to Avoid Big Cats Considering You Commonplace
  8. How to Avoid Common Dumb Phrases People Say All the Time
  9. How to Avoid Alienating Friends When Traveling
  10. How to Avoid a Common Holiday Custom That Makes You Look like a Little Puss to Big Cats

Part Eight: Eleven Little Tricks to Give Your E-Mail Today’s Personality and Tomorrow’s Professionalism

  1. How to Prove You Are Special When You Are Out of the Office
  2. How to Make People Smile When They See Your Message
  3. How to Make Your E-Mail Sound Confident
  4. How to Avoid Sounding Egotistical in Your E-Mail
  5. How to Sound like You Have a Crystal Ball
  6. How to Avoid Making People Think You’re Goofing Off at Work
  7. How to Avoid E-Mail Humiliation—or Worse!
  8. How to Sign Your Messages in the New Millennium

Part Nine: Ten Little Tricks to Make a Big Impression on Your Cell (a.k.a. “Phone”)

  1. How to Know When to E-Mail, When to Phone
  2. How to Boost Their Self-Esteem with Your Cell Phone
  3. How to Deal with a Caller When You
  4. Don’t Know Who the Heck It Is
  5. How to Get Rid of “Talk Your Ear Off ” People
  6. How to Please Th em by Hanging Up on Them
  7. How to Sound Cool Giving Your Phone Number
  8. How to Impress Th em with Your Voice Mail Message
  9. How to Make Your Phone Voice “Music to Their Ears”
  10. How the Phone Can Reveal Who the Boss Is in a Relationship

Part Ten: Five Little Tricks to Deepen the Relationships You Already Have

  1. How to Win Th eir Hearts—a Year Later!
  2. How to Make Th em Always Remember Your “Thank You”
  3. How to Give Th em Compliments They’ll Never Forget
  4. How to Enhance Your Relationship with Your Partner
  5. How to React When Your Partner Calls You the Wrong Name

A Final Visit to the Laboratory

AUDIOBOOK  of “HOW TO INSTANTLY CONNECT WITH ANYONE”

Email me if you want more info about  “HOW TO INSTANTLY CONNECT WITH ANYONE”

 

ICE BREAKERS

TOM “BIG AL” Schreiter ICE BREAKERS

Ice Breakers
Big Al’s Ice Breakers

TOM “BIG AL” Schreiter ICE BREAKERS

Need more leads? Want more prospects? Curious on what steps to teach distributors to be a leader? Want to know how to build a bigger downline? Desire to be a better closer? Want to build instant rapport? Want to be more successful in MLM? Or just want to be a better networker? Tom “Big Al” Schreiter Ice Breakers gives you the step-by-step exact words to say, and exactly what to do.

The 3 biggest reasons why most network marketers fail.

– They do not believe it’s possible.
– They do not have the skills they need.
– They do not have enough people to talk to every single day!!

Network marketing is the business of duplication. The simpler the process / system is to duplicate, the quicker you can build a large organization to earn residual income that will support your dream lifestyle. The key to it is getting new prospects to talk to. You come across them everywhere you go. Knowing how to break the ice gives you an unlimited supply of new prospects to talk to.

Unlike other books about breaking ice, this concise book tells you exactly what to say and this helps you in your duplication process. By using the scripts everyday, you become a people magnet and people will love to talk to you because you do not come across as a high pressure salesperson. Knowing exactly what to say will create an environment where two nice people are able talk to each other in a non-threatening way.

If you know the exact words to say then you can control the direction of any conversation and people will end up exactly where you want them in your sales funnel – It’s a rejection free process!

Even if you fail in closing the sale, you will not feel rejected or disappointed as you’ve created an avenue to re-initiate the process (follow up) at a later date when the situation becomes more favourable to make a deal.

The ideas in this book are simple implement with many ice breakers scripts that you can use in your day to day interactions.  They are practical tips that are Easy read (with over 70+ easy to use  no brainer scripts)  on how to:

  • feel confident around other people
  • overcome your fear and actually ENJOY talking to friends, family and potential customers/recruits without pressure on either of you!
  • simple one liners to follow
  • Quick and simple methods to get your prospects on your side
    gives you confidence to talk about your business to prospects

EXAMPLES GIVEN IN ICE BREAKERS
ICE BREAKERS pdf

Whether you are a novice or a pro, Ice Breakers is another excellent book to help you fast track your success in network marketing / MLM / Direct Sales. – Nancy Long

https://teamrich.wordpress.com -TOM “BIG AL” Schreiter ICE BREAKERS by Nancy Long

Building an Empire | Brian Carruthers

Building an Empire | Brian Carruthers
The Most Complete Blueprint to Building a Massive Network Marketing Business

Building an Empire | Brian Carruthers - an mlm / direct sales / network marketing success book
Building an Empire | Brian Carruthers

Building an Empire by Brian Carruthers is one of the best books on how to succeed in network marketing. Most books concentrate on understanding network marketing / multi level philosophy, positive mental attitude and building belief etc – which are all important – but don’t give you much real step by step info on how-to’s, why-to’s and details on how to create duplication like this book does. His depth of knowledge in network marketing / mlm is amazing and the nuggets therein simply sparkles. Building An Empire goes well beyond the basics. It Illuminates many of the mysteries of how top earners achieved their success

The reason for this is Carruthers practical field experience in network marketing mlm for a decade or more. Brian is in the field daily as a top producer, a top recruiter and top builder. This has enabled him to offer useful tips, training and techniques are relevant, applicable, and working TODAY.

Carruthers made 15 million dollars from network marketing / multi-level marketing – making him among the highest paid leaders in the network marketing profession. He’s recruited more than 1,200 people, built one of the largest organizations ever, and helped his team earn nearly 400,000,000 in commissions.

It is therefore, is a GREAT book for anyone – from those contemplating “Can I do network marketing / mlm /direct sales?

Now you have the ultimate Blueprint of what to do to build your network marketing business and create massive Momentum and create multiple layers of success in your organization.

The Building An Empire is structured, easy-to-understand and can be implement right away. You won’t be satisfied with reading it just once because you know that there are hidden assets that you may have missed in the first reading.

This definitely one of the books I would recommend to my team and other network marketers. I would insist that every person I sponsor to read Chapter 1 of Building An Empire before they do anything when starting my business. There are no longer any excuses for not having success with a book like this available.

Other Key Chapters are:

  1. Personal Development Creates Personal Growth
  2. Leadership Skills to Develop Other Leaders
  3. Strategies or how to Duplicate Success
  4. Consistency Persistency and Tenacity are essential to being a Successful Business Owner.

Building an Empire by Brian Carruthers video training Part 1

 

Building An Empire • Brian Carruthers • How to Always Get A Prospect’s Phone Number

 

Other Brian Carruthers YouTube Videos:

[http://www.fostermentor.com/media/]

Million Dollar Mindset Interview with Brian Carruthers Author of Building An Empire Book
[https://www.youtube.com/watch?v=qQJrz4CGjxc]

Download Brian Carruthers Building the Empire book in pdf format

teamrich.wordpress.com – Building an Empire | Brian Carruthers

BRIAN TRACY | INFLUENCING CUSTOMER BEHAVIOR

Image influencing customer behavior by brian tracy - why people buy
influencing customer behavior by brian tracy – why people buy and how you can make a successful sale

 

Brian Tracy – Influencing Customer Behavior

Here are some Reasons why people buy:

To do that you must first Uncover their deep subconscious needs, their Buying influences. Their hot buttons. (These are short notes taken from Brian Tracy’s video link below on Influencing Customer Behavior. To understand these notes fully, please watch the video )

Here’s how to influence customer behaviour:

1. TRIGGERS – Reciprocity and Obligation

2. COMMITMENT & CONSISTENCY

  • Incremental Commitment (you expect people will not be interested until you know what they really want) consistency – Uncover the customer’s buying strategy. Reasons Why they bought that (alternative) product?
  • Social Proof (similar to others, who else has bought it before?)
  • People with similar backgrounds who bought the product & Testimonials (letters, lists, photos eg Look Book)

3. LIKEABILITY (emotional decision making)

  • HIgh Self Esteem equals Positive Mental Attitude – be likeable, be cheerful, be friendly, smile, If you want people to like you, you must love yourself first.
  • Reciprocate. They want to stay even by reciprocating – emotional & physical (financial) to get out of the sense of obligation
  • Do favours / kindness
  • Send Thank You notes / cards
  • Small treats like coffee at breakfast time

4. FRIENDSHIP FACTOR

  • People like / trust you.
  • Be cheerful, smile, be friendly, be fun to be with,
  • You care about them,
  • Look Healthy

5. AUTHORITY

  • Expertise (learn enough to be confident about what you are selling)
  • Publications (show and sell)
  • Radio & TV links
  • Symbols of Success

6. SCARCITY

  • Implies value
  • Creates urgency (limited time it will be available at that price, quantity etc). A Special offer. Sampling.
  • Contrast with other products. Always start with the higest priced item and end with the lowest price item. It’s better, new, cheaper, safer, natural, no artificial ingredients etc.

7. POWER WORDS FOR CLOSING

  • Because… (benefits)
  • Recommend….(reasons)

 

I always recommend Brian Tracy’s DVD “Successful Selling”
Influencing Customer Behavior
How to get your customers to buy more, faster and at any price!

Image influencing buying behaviour by brian tracey
step by step guide to making a successful closing sale
Image successful selling by brian tracy - influencing customer behavior
“successful selling” by brian tracy – influencing customer behaviour. Highly recommended

WATCH THIS 29 MINS VIDEO BY BRIAN TRACY ON HOW YOU CAN INFLUENCE CUSTOMER BEHAVIOR AND MAKE A SUCCESSFUL CLOSING SALE

RELATED ARTICLES:

Check out other articles on Nancy Long under the motivational section of this site.

WHAT IS NETWORK MARKETING | MLM?

WHAT IS MLM OR NETWORK MARKETING ?

MLM aka Multi Level Marketing or Network Marketing is a low capital start up business. They are also called Affiliate Marketing, Direct Sales etc depending on the structure of the compensation plan.

HOW DOES MLM OR NETWORK MARKETING WORK?

Network Marketing is basically the buying products from your own store (company) instead of buying it from the supermarket, doctor, pharmacy or other companies etc. When you get other people to do the same, the company pays you a sales commission every time the people you have signed up buys the product you recommended.

You need not carry any stocks, have sales staff or office. You just recommend people to the company and the company will pay you the sales commission The company will also deliver the products to your customer(s).

If the customer recommends the product to another friend, you will be paid a Referral Fee and Commission also. For my company, this goes on indefinitely until your weekly commissions reach US$13,500 A WEEK (for my company). Once you have reached this stage, you would become a Professional Network Marketer and are ready to go to the next level (provided you meet the qualifications of being an Executive) where your income can be unlimited depending on your business skills, team growth and activity.

That in a nutshell is MLM. You are paid on your efforts and the efforts of others who do the same under the two lines / teams / legs started by you – all the way down the line. It is possible that you may be earning from the efforts of people you have never met as these are brought in by your friends of friends of friends etc etc. These people are called your “downlines / team / organisations / associates“.

EXAMPLE OF HOW MLM / NETWORK MARKETING WORKS

You plant a single lily pad in the pond on day one.
1. Lily pads double every day
2. On day 30th, the pond is 100% full of lily pads.
3. How full is the pond on the 29th day???

When you understand this idea, you’ll understand the Power of Network Marketing

ANSWER: The pond is 50% full on the 29th day

Image EXAMPLE OF HOW MLM / NETWORK MARKETING WORKS

Image ADVANTAGES / BENEFITS OF NETWORK MARKETING?

ADVANTAGES / BENEFITS OF NETWORK MARKETING?

  • No Employees
  • Low Overheads and Start Up Costs (capital)
  • No Special Degrees / Qualifications
  • Time Freedom
  • Work from Home, starting Part Time
  • Ability to Leverage on Others’ Efforts
  • Residual Income (ie once you have build a strong team, you will continue to earn income from this business even if you’ve stopped working.

MAIN REASONS WHY PEOPLE JOIN MLM / NETWORK MARKETING

WHY DO PEOPLE JOIN MLM COMPANIES ?!

Survey says..

  • 51% Supplemental Income
  • 34% Full Time Income
  • 9% Product Discounts
  • 6% Meet New People

In a struggling economy with over 8% unemployment, MLM offers a safety net for aspiring entrepreneurs who want to work at their hours and realize financial independence.

Image REASONS WHY PEOPLE JOIN MLM / NETWORK MARKETING

OTHER REASONS PEOPLE JOIN MLM?

People join MLM companies for many different reasons.
Here’s a partial list.

  • Join MLM as a social activity
  • MLM is a great place to meet people and have fun.
  • Join MLM to transition into business ownership.
  • Join MLM to help people.
  • Join MLM to live where you want to live.
  • Join MLM to create wealth.

WHY CORPORATIONS LIKE MLM?

  • MLM companies pay for production, not for coming to work
  • Best possible use of your time

READ MORE:
http://firstclass.getresponse360.com/archive/firstclass/Newsletter-Why-Do-People-Join-MLM-Anyway-465.html?e=&u=Z

Top 5 Reasons for Considering a Network Marketing Business

  • BE YOUR OWN BOSS—You are in complete control of how you invest your time and how you go about building your business.
  • SAVE TIME AND MONEY—As an independent business owner, you purchase the products you love at discounts and you operate all activities from your home.
  • EXPAND YOUR CIRCLE OF FRIENDS—Direct selling business opportunities are based on building relationships. When building a direct selling business, customers and other team members appear to quickly become important and rewarding aspects to one’s life.
  • BE RECOGNISED AND REWARDED FOR ACHIEVEMENT—It’s not every day
  • that an adult receives praise for an effort well done, but direct selling companies recognize and reward their independent business owners through bonuses, trips and prizes. This is an essential component to the business model.
  • BUILD INCOME—The direct selling compensation model offered by most companies allows the building of organizations that have the potential to create incomes beyond those earned from the personal selling/servicing efforts of the direct seller.

Reference: Direct Selling News

HOW TO EVALUATE A NETWORK MARKETING COMPANY?

  1. Ask how the company got started and who started it. Is the dreamer who started it still involved? Has the company been sold to investors?
  2. Ask if the company is solvent (capable of meeting financial obligations).
  3. Ask if the company is growing (more sales than last year).
  4. Does the company listen to and implement suggestions from leaders? Most good companies have a “Field Distributor Advisory Board” that are rotated and elected every year and meet quarterly or semi-annually.
  5. If the company is over 10 years old, does it reinvent itself by opening in new countries and creating new products? A “single” product company will find itself running out of customers after a given period of time, just like any company does.

THE DIFFERENCE BETWEEN A JOB, A TRADITIONAL BUSINESS, FRANCHISE AND NETWORK MARKETING:

Franchise used to be a good alternative to traditional business until it became too expensive. A good franchise nowadays can now easily cost at least USD half a million.

Image THE DIFFERENCE BETWEEN A JOB, A TRADITIONAL BUSINESS, FRANCHISE AND NETWORK MARKETING:

How MLM Works

http://firstclassmlm.com/2007/12/05/how-mlm-works/

looks like a pyramid scheme?

HOW TO TELL IF IT IS A MLM SCAM?

A QUALITY PRODUCT OR SERVICE
A legitimate network marketing program has to have a product or a service that people are looking for and willing to buy. This allows distributors to grow and strengthen the networking program.

If a network marketing opportunity only sells a dream of getting rich without a tangible project or service to promote, then it’s most likely a scam. Avoid any program that offers commissions solely on recruiting more people. Legitimate programs still pay for recruits, but that should always tie into selling a product or service.

MINIMAL INITIAL INVESTMENT
Legitimate network marketing programs usually require the purchase of a sales kit (at a minimum) so you have tools needed to reach out to others and sell. They don’t ask for outrageous payments upfront, for whatever reason, be it fulfilling a initial requirement for inventory or undisclosed deposits. If you find that a network marketing company demands a tremendous investment before you can join, be very wary — the chances of them running with your money are much higher.

CLEAR RETURN OR BUY-BACK POLICY
In conjunction with the previous point, a legitimate network marketing program does not allow members to overstock company products. This lets you concentrate on the actual networking instead of worrying about having to sell out the entire stock. Similarly, you should also be able to return the products to the company and get a refund if you choose to opt out of the program through a buy-back guarantee. Of course, the items have to be in a saleable condition, but that is just one of the terms that should be outlined for prospective members.

SUPPORT THROUGH TOOLS AND TRAINING
Like any other real business, legitimate network marketing companies want their independent distributors to do the best job they can. That’s why you should ask if the program you’re planning to join will provide tools you’ll need to start selling and recruiting. The type of tools that may be offered include tracking systems for your sales, commissions, and product deliveries. Also, a legitimate MLM program should prepare and hone your skills with training sessions led by the veterans and industry pioneers.

NO OUTLANDISH PROMISES
The moment you’re told that you will get rich quick with little to no effort, or that you’ll be a millionaire within months that’s when you should look elsewhere. If it sounds too good to be true, then that is probably the case. A legitimate MLM program will require you to put in the work (i.e., reaching out to people, marketing products, attending training sessions, utilizing tools properly).

WHERE CAN I LEARN MORE ABOUT MLM?

In order to succeed in this business, it is important for you to determine WHY you want to do Network Marketing.

Your WHY keeps you going even when times are tough and you are down with rejections. Because this business is a NUMBERS game. The more people you talk to, the greater are your chances of success. Most successful sales and network marketing professionals know that even a 1% success rate at the beginning and add up to a lot in the end. However, with more experience and learning, it is likely that your success rate will go up to 20% or more depending on your commitment.

Here are some sales statistics on who eventually wins the Numbers Game.

Watch this video on why you need to strengthen your WHY. good leaders who figure out their WHYS are more successful than those who don’t:

http://www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action

Image sales statistics on who eventually wins the Numbers Game

If you Believe in Yourself, you can endure anything

Here are some interesting videos on MLM / Network Marketing.

It is the 21st Century way of doing business without a large capital investment.

If you lose your job and don’t have a way of producing income, you will go bankrupt or suffer poverty.

Network Marketing is a way to producing a passive income –

ie if after building a strong business, it will continue to pay you even when you’ve have stopped working on it.

Isagenix offers you such an opportunity to build your own business and be financially free in a world where uncertainty is the new normal.

Watch this video to understand this powerful concept of wealth building.

Remember, if your income is not passive and does not have leverage abilities, you are forever enslaved in a J.O.B. – Just Over Broke

http://www.veoh.com/watch/v57608669TPxNDEyn

Understanding MLM Companies | How Multi Level Marketing Works 

 http://firstclassmlm.com/2007/12/05/how-mlm-works/

Direct Sales / Multi Level Marketing / Network Marketing is the vehicle that enables many, many people realize their goal of owning their own home-based business. The secondary results are an extraordinary way of life, freedom of time and financial freedom!

http://www.youtube.com/watch?v=LO7my40jJK8

This is one book I strongly recommend my associates read to get a better understanding of the benefits of MLM by Robert Kiyosaki “Business of the 21st Century”

To Read 

http://www.successbuildersgroup.com/wp-content/uploads/2012/03/TheBusinessofthe21stCenturyBook.pdf

Or To Listen

http://www.youtube.com/watch?v=iFWww9hukyk

What If Someone Says, ‘Isn’t This A Pyramid?’

http://www.mastermindevent.com/blog/pyramid/

PEOPLE WHO ENDORSE MLM / NETWORK MARKETING:

  • Warren Buffet – Billionaire Investor
  • Donald Trump – Real Estate Mogul
  • Bill Gates – Microsoft
  • Robert T Kiyosaki – “Rich Dad”
  • Paul Zane Pilzer – former US Presidential Advisor
  • Jack Canfield “Chicken Soup” (with Isagenix)
  • John Gray “Men are from Mars” (with Isagenix)
  • Anthony Robbins – Self-Help NLP Guru 
  • Randy Gage – Author, Motivational Trainer
  • Les Brown – ex-Politican
  • Tim Sales – Author, MLM Trainer
  • Bill Clinton – former US President 
  • and many more…..

If you like to know more about a lucrative mlm / network marketing business, complete the Contact Form below or click on this link

teamrich.wordpress.com – what is network marketing | mlm

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