Familiarize yourself with the Company: because some MLM uplines lure prospect to their team with the promise that they will help them grow in the business, we have network marketers who know nothing about the company they partnered with except how much it cost them to sign up with the company.
The first step to succeed in network marketing is knowing your company, and this must have done before partnering with the company. Clear all your doubts and completely understand the company’s compensation plan before joining, so you don’t end up working for peanuts. Infact, to build a strong residual income, look for a company that has the Leverage Matching Bonus built in its compensation plan.
Leverage Matching Bonus allows you to earn deep into your generation of team members, in some cases up to the seventh generation.
Leverage matching bonus is a blessing to network marketers because it earning power allows big business builders to build a strong consistent residual income.
When you know your company well, you will believe more it and no one can discourage you from it. You will be focused and you can confidently invite a prospect to carryout a research on the company and be sure the prospect will comeback to signup
Be a Believer: You have to believe in the business you do, else you can not convince some else about it. We all know network marketing can work but do you as an individual believe it will work for you? This is very important to succeed in MLM business. Do not say ‘they said that, rather say this and this is what the business is about, if you do this and this you earn’ Sound convincing because people will see you just the way you want them to.
Bring your MLM business Online: I like quoting Bill Gate when explaining this point “If your business is not on the internet, then your business will be out of business” This is so true. The cold calling just doesn’t work anymore. I am not even sure if it ever really worked. When I think of those who succeeded with the ‘old school’ form of MLM prospecting, I can’t but think of how they could have done even better if they brought their business online. I mean if they succeeded with the rigorous cold calling, obviously they would have doubled that success using attraction marketing – The concept of teaching rather than selling, giving rather than receiving, writing great content and giving it out free rather than creating sales pages or chasing people about with your business opportunity.
The most common reason why some people scare away from network marketing is the ‘cold calling, chasing people about with products. But the internet is changing that as network marketers are now discovering the best way to generate MLM leads which is Attraction marketing.
You have to be patient and focused when using this system of marketing to generate leads because it require some effort before you start getting result. The major effort being to provide strong regular content and to get traffic to read those content.
When compared to the old school form of prospecting, attraction marketing is better
Comparison between the old school colding calling and the new school – Attraction marketing
Old School Cold Calling
You go to prospects
You do the calls and visits
You underestimate your business
You strain relationships
Need communication skills
Prospects are reluctant to join
Limited to one source of income
No much of credibility
Attraction marketing or Internet Network marketing
Prospects come to you
Prospects call you
You are professional
You build relationships
No communication skills necessary
Prospect are quick to action
You are opened to other extra means of income like adsense and other advertising revenue sharing programs
You build international credibility
Internet network marketing is cheaper and doesn’t require technical skill to be successful. You do not have to spend a dime if you don’t want to. You can create a free blog and start posting articles. Read these articles 5 Steps to Creating a Blog using the Blogger Software 5 Easy Steps to Create a Blog with WordPress it takes you through a step by step tutorial on how to create a blog.
Download Ewen chia’s FreeWebsiteBuilder it’s a website builder software and it comes with five step by step videos on how to create a website in minutes.
Your strong content builds credibility for you and spreads your name around. In no time people start coming to you for advice and suggestions, which is a perfect time to suggest that they look into your company.
This way of generating MLM leads sets you apart from the crowd.
Follow up: You can create a semi squeeze page on the right hand corner of your website and ask people to opt in to receive a free e-book or newsletter, that helps you to build a list of prospects that you can regularly send information and allows you to attain a level of success in your multi level marketing business you never thought possible.
Do not Re-invent the Wheel: This statement has caused some misconceptions. ‘Do not re-invent the wheel’ in network marketing means ‘do not go out of the process’ ‘Duplication’. Your team members are suppose to be able to duplicate whatever method you are using to generate leads. Trying to keep to this has caused some errors, since the upline wants the team members to duplicate the process. And of course not every team member can keep up with providing content required in attraction marketing, so uplines take it upon themselves and start creating replicate sites for such team members with no useful content.
To achieve a better result from attraction marketing, you have to write your own articles so as to give that personal touch to it and make it come out unique. Adding relevant experiences and personal opinions to your articles makes readers feel drawn to you and you are able to build the kind of credibility needed to run your business with ease.
Personally I think the ‘Duplication’ thing in network marketing business is overrated, because not every team member can duplicate or are comfortable with the upline’s marketing techniques.
I am sure of this because my relationship with one of my team members was almost strained because he regularly criticizes my method of generating leads, quoting to me what the so called guru authors wrote in their books ‘Do not try to re-invent the wheel’. Not even when I started recording success did he agree with me that my method is better considering that he is still struggling to get by in his MLM business. So how can such team members duplicate your process when they are bent on keeping to the old school method of prospecting?
My point is, lay out the plan, and try to guide your team members along. For the ones who do not believe in your method or are bent on keeping to the old school method, all you can do is support them in their methods by regularly encouraging them and assisting them in any way you can but do not go ahead to build a website and try to provide content for them in other to duplicate the process. Network marketing business is about leveraging on others efforts, when you do all the work yourself, you are talking away the one strong objective of network marketing which is to ‘employ others in other to get more done’
Moreover people have to be responsible for themselves at some point, you are not helping a friend when you give him a fish, you can only help him by teaching him how to fish.
Your duty as a team leader is to provide step by step guide to success and assist them in anyway possible to achieve them but not taking over the business from them, that is not helping them
For your team members who are following your foot steps support them by linking to them and writing about them and assist them in any area (s) they are having problems.
Self Discipline: As an independent business man or woman with no one to answer to, we could easily get carried away and lose focus; that is why it is important to set some goals.
At a time I realized with so many things to do online, it gets overwhelming that I don’t know where to start, so I end up doing nothing by the end of the day. So I decided to start writing a weekly schedule. I write one every Sunday night of my everyday’s target Monday – Sunday. Since I started doing that I have become more focused and I try to achieve at least 70% of each day’s target.
So set goals for yourself and think of ways to achieve them.
Develop yourself: Learn new things that can help you expand your internet network business.
Buying Leads: Some network marketers have taken to buying leads as a shortcut to generating leads themselves. But is buying leads really the shortcut or the long?
First this leads are not targeted leads because they did not show interest in your niche or subscribed to your newsletter, though they might really be seeking business opportunities but they know nothing about yours to be interested in it. So you will still have to start calling them up and chasing them, which is the same as cold calling. Why waste money to buy leads you are not sure will even be interested in your business? If you want to do the cold calling, at least do it without wasting money.
If you want to generate leads through attraction marketing, then do it properly and get free targeted leads from search engines. People who search on network marketing online and directed to your site are targeted leads because they either are already into MLM business and are seeking help to succeed or they are yet to join the business but wants to know more about it, either way, it benefits it. The ones not yet succeeding could read your article and see you as an expert in the niche and people always like associating with the experts/gurus. He could leave is former company for yours.
The ones that are yet to join the business are even easier to get. They no nothing of the business and will believe the first article that reaches out to them.
So instead of buying leads, create a website and submit some interesting content and you are in business.
Continues in part 2 …
Ann Sieg is a success in the network marketing business and she is coaching people at The Renegade University how to practically use web 2.0 to generate MLM leads. I recommend you sign up, the member’s page are loaded with step by step informational videos on how to use attraction marketing effective in lead generation. Also download her free e-book – The Attraction Marketer’s Manifestointernet network marketing,lead generation,network marketers,mlm leads,attraction marketing,multi level marketing,ann sieg,network marketing


