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MLM Recruiting The Wrong Way Will Kill Your Social Status Part 2 of 3

MLM Recruiting Part 2Yesterday we’ve seen an example of a poor MLM recruiting approach that raised many red flags in your mind (remember, you’re still in character, you’re the successful network marketer and now you’re the prospect). Remember, your niece sent you this message: “Hey, I just started something which I think you’re going to like. Can you come to a presentation Wednesday?”

So let’s dive in and understand what’s really going on behind the scenes in this scenario and why it’s wrong.

MLM Recruiting Part 2 of 3 – The Red Flags

First off, your niece gets in touch with you when they never did in the past. Right away it’s kind of suspicious, sketchy and leads to the question “What does she want?”

She “started something” and now she wants you to go to a presentation. Yes perhaps it’s true but right away that’s screams “I’m a beginner and I want you come to a presentation” so someone else you don’t know can try to sell you on something you don’t want or need. She hasn’t offered you any value or reason why you should attend, which makes you ask: “Why should I make time to see a presentation, I’m already super busy? And why is she so elusive, what does she have to hide? … Oh I know, she’s trying to pique my curiosity. As if I’ll fall for that, that’s so 1970 to 1995”.

When you’re successful and busy, you know that the commodity you lack of, is time, so to go out, drive to a location, listen to a presentation from a stranger that you have no idea about what the topic will be about and drive back is even more time wasting: “If it’s so important why doesn’t she come over to my place and show me what it’s all about herself? After all, she’s the one that wants me to have a look at it, not the other way around?”

You know she won’t give you the presentation because she’s not a sales person, doesn’t have the experience and can’t deliver it as good as the professional would. So instead she’s trying to use emotions by using your relationship and ask a favor of you, which will cost a minimum of 3 hours of your precious time to be put in front of a salesman.

Then you know if you do join whatever it is, you’d have to involve more time to try to build a new business and frankly, you know you just don’t have the time. Looking at it this way, it’s kind of selfish on her part to get you to do all that in order for her to build a team. She’s not acknowledging the fact that you’re a busy person.

She haven’t even qualified you to see if you’re even busy working on other projects. She totally skipped out on the rapport building and she went straight for the close which makes you think in a sarcastic way: “Okay, I’m fine too, thank you for not asking?”

Being in the industry and business for over 10 years, she must take you for a fool (ok maybe not literally, it’s more of a beginner’s ignorance), after all, it’s not the first time you’ve been approached this way, in fact, because you’re in business, you’re being approached all the time and it’s getting annoying: “Does she really think I haven’t heard that before. This is the kind of approach done the wrong way that hurts the reputation of the industry.”

After calling her out on it: “Sounds like your MLM recruiting me for your network marketing opportunity and you’re using 1970 ways to recruit. lol Sorry but I’m busy working on my blog and video channel teaching modern MLM recruiting methods. You should check it out, you just might learn a thing or two”.

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You’re not looking for people to come and join your opportunity, people come to join you and they want to be guided by you and mentored by you. More on attraction marketing here.

Your niece is pretty clever though. She learned at her MLM recruiting training that people might offer some objections so they learned the art of objection handling.

MLM Recruiting Part 2 Side Note

Ok side note, this makes me chuckle because I have a background in martial arts and this would be the equivalent of a white belt challenging a second or third degree black in a sparring match. Yes, the niece started martial arts, which is great, congratulations for her but there’s still a lot of learning ahead of her. Learning how to handle objections is a great but it’s got to be within the right context.

In our scenario so far, the niece is bringing her new learned techniques, sort of like new martial arts techniques, against a gun fight. What I mean by that is, it doesn’t matter how good she is at handling objections, if the prospect says: “NO” it means “NO”, there’s no point and trying to force it down on the prospect. Again, the more she insists, the more she’s killing her social status and reputation. She’s trying to impose her will by using pressure sales and using guilt trips. THIS IS BAD! Businesses shouldn’t run like that.

Let’s say somebody join’s your niece to “get her off their case”, this will not be duplicatable as they will have no interests in building that business, there’s no drive. It’s like, she can’t force a horse to drink water.

But in our scenario, the more she keeps pushing, the more the you the prospects will resist and the more the prospect resists, the less chances she’ll have at ever recruiting our “successful character” in the future. This method triggers all the defense mechanism that are hard wired in the human being for millions of years.

Join me in tomorrow’s final chapter of our little MLM recruiting scenario. Tomorrow we’ll explore how she handled your answer, what the new set of red flags are and questions that they bring up in your mind (remember you’re still in character). You’ll also get my final thoughts on this scenario and the truth behind the layers of hype.

What do you think is going to happen next? Share your thoughts, cheers!

MLM Recruiting Part 1     Part 2     Part 3

MLM Recruiting The Wrong Way Will Kill Your Social Status Part 1 of 3

MLM RecruitingMLM recruiting done wrong will burn bridges between you, your friends and your family. Take a closer look at your invite scripts and make sure you’re not doing these critical mistakes in your MLM recruiting process.

Allow me to paint a scenario so you can see what’s really going here.

Ok you just signed up in a new opportunity. You’re super excited, you just finished your MLM recruiting training and now pedal to the medal you’re out MLM recruiting and hustling to get your new MLM business off the ground.

You can see your future, you know your why, your vision is clear in your mind, you can taste the lifestyle and the residual income changing your life. You then go out in the “real” world then bang, your first rejection. It’s ok, you learned a couple new objection reversal and bam, second, third and fourth rejections and they keep on coming and coming and coming.

You go out and ask people to come to your presentation yet it seems to be so difficult, it’s just emotionally draining. After doing the rounds of your friends and family once, then you go a second time and plead your friends and family to at least come and watch it just to save face, not feel the guilt of not bringing anyone and show your upline that you’ve got some new faces in the room. “It’s a numbers game” they tell you, “for every 10 you bring, 1 will sign up” they say.

Well it’s not always the case, those stats are misleading and they’re not comparing apple to apples, maybe it’s the case for them as expert in the industry but as a beginner, those numbers are not supper accurate, everybody’s different, it’s not just a numbers game, it’s also a skill set.

It turns out to be a lot more challenging than it really is. People are busy, they no show and after a while you get discouraged, then you see all your dreams vanishing away, disappearing in the darkness. Does that sound familiar? Well, it doesn’t have to be that hard. Natural born leaders can make that method work pretty well for them.

They are people of influence and people follow their lead no matter what. Unfortunately, not everyone’s gifted in that MLM recruiting area. To know if the warm market approach will work for you, look at yourself in the mirror and compare yourself amongst your social peers and ask yourself: “Am I the leader of the group?” If not, then this approach will more than likely not work for you.

If you keep on insisting for your friends and family to show up to a presentation or to join, after they told you “No” a bunch of times, stop and think about it, how do you think that would make them feel? How would it make you feel to know that you are, not knowingly, applying pressure sales techniques by using the emotional card?

Now let’s say in the future, you try to reach one of your friends or family member; would they purposely try to avoid your calls thinking that’ you’re just going to try to do your sales pitch again?

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MLM Recruiting From Your Prospect’s Perspective

Now it’s important to understand why this is happening, and for that, we’ve got to look at it from the prospect’s perspective. So let’s turn the tables around. You’re a busy successful person, business savvy, you’ve been involved in network marketing for nearly 10 years and are a pro at MLM recruiting.

You know the modern 6 approaches (and counting) and that the warm market is only one of them. You know how to properly handle the warm market and know what’s socially acceptable in our modern society and our era of unlimited information at our finger tips.

You know that you have to qualify prospects to see if they are even open to see or hear about a business opportunity before you even make the invite. That will give you a qualified prospect. You’re working hard on your MLM business, you’re busy and got a lot of stuff on the go and then you get an e-mail from your niece out of the blue, that asks you if you’re open to see an opportunity and that if you’d be available to come to a presentation Wednesday night.

Because you’ve been around the block for so long, right away all the MLM recruiting red flags from the approach are kicking in.

Join me tomorrow to find out what those MLM recruiting Red Flags are and what questions really goes on in the back of your mind. Remember, stay in character, you’re still the successful network marketer and now you’re the prospect.

What about you, what do you think those red flags are? Share your thoughts, cheers!

MLM Recruiting Part 1     Part 2     Part 3

 

 

What Is An MLM Company And How Do They Profit?

What is an MLM companyI’ve broken down this article (about what is an mlm company and how do they profit) in two parts to make it easier to grasp. The first part will focus on what is an mlm company and the second part on how do they profit.

So, “what is an MLM company you ask?” It quite simple actually, MLM stands for multi-level marketing also known as network marketing which falls under the direct sales category (like “Tupperware” except Tupperware is a single level, not multi level.).

All companies, whether traditional or direct sales have to move products in order to stay in business. When I say move products I mean sell products. Traditional companies chose the route of advertising, going through national distributors, regional distributors and finally local distributors before it hits the store shelves. All of these different “steps” take a portion of the profit which is then factored into the cost.

Direct sales companies instead chose to go straight from the company to the client going through “representatives”, “distributors” or “party hosts”. Almost each company has their own lingo. Essentially they save the cost of advertising and branding which is a huge chunk of the pie. Instead they chose to put those profit into better quality products, research or into savings for the customer.

Because these companies have less overhead and less employees, this is another source of significant amount of savings. Reps only get paid a percentage commission when they sell products which is performance based. In return, reps which can literally be any body, have the potential to make huge amounts of profits if they sell a lot.

Hopefully that answers the first part of the questions: “What is an MLM company?”

What Is An MLM Company And How Do They Profit Part 2

In the previous section you’ve learn about “what is an mlm company” and now let’s focus on how they profit.

Here’s the original question that I was asked: “How do MLM Companies profit when they pay the members on the basis of the number of members that join the network; and they pay them big?”

I found that to be an excellent question since not everybody new understands how it works. There’s a rational explanation for this and here’s how it works.

Companies have a maximum payout for the “commissions/residual income” that goes to the upline for recruiting.  There are all kinds of restrictions and qualifications to make sure the compensation plan doesn’t “bust” so to speak.

Side Note! First of all, companies never pay for a new recruit to join in. If that were the case, that would be considered an illegal pyramid scheme as the flow of money is from recruiting (which is bad), so if you see this anywhere, it should be a red flag and run away from that opportunity.

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First of all, companies never pay for a new recruit to join in.  If that were the case, that would be considered an illegal pyramid scheme as the flow of money is from recruiting (which is bad), so if you see this anywhere, it should be a red flag and run away from that opportunity.

Legitimate companies pay people based on the product or services they sold and sometimes the companies throws in bonuses as incentives.

Let’s say that a company pays out 60% of all revenues.  That means on every product or service sold they collect 40% and only the 60% is divided within the commission structure.

I’ve also seen 100% pay out commissions but when you scrutinize the commission plan carefully you see you get 100% commission of the product or service however you must pay a “reseller fee” of either $25 or $100 per month.

So this can be good and bad depending on how much volume you personally sale.  MLM is a business at the end of the day, it has to make money in order to stay in business.

Compare it to real estate, some brokerage will offer their agent a 70% – 30% commission split for every house they sale with no desk fees (or office fees), that means the agent keeps 70% and the brokerage keeps 30%.

That’s a form of leverage for broker as he’s receiving an “override” income from the efforts of his own agent.   Now I’ve seen other companies have a 95% – 5% commission split, which is very good but it comes with a monthly desk fee of $2,000 a month.

Again, depending on how much volume you plan on selling one is better than the other.  Option A in this case would be better for a beginner as there is less risk involved and option B would be better for a “pro” who sells a lot of house so the 2k per month is just a business expense yet he still retains most the commissions from his sales.

When the MLM companies get the money, the split goes 40% to the company and the remaining 60% could be split with the distributors or sales force as follows:  20% – 10% – 5 % – 5 % – 5 % – 5 % – 5 % – 5 % – so this would be an example of an 8 level deep compensation as you see, it never surpasses the total revenues meaning, the company never pays above and beyond 100%.

This was simplified for illustration purposes only, commissions structures are more complex than that but at the end of the day, they are all properly balanced so they never payout more than their allowable commissions’ budget.

I hope this helps understand the industry a little better. Click here on the link to learn more about the various types of career from home.

What about you, how long have you been looking to start a new career from home?

Prospecting For MLM Leads To Grow Your Business

Prospecting for MLM LeadsIf you’re prospecting for mlm leads, you got to do it the right way.

Right now you’re probably used to talking to your friends and family, doing cold calls, chatting via instant messenger and there’s nothing wrong with those approaches.

Side Note! Prospecting for MLM leads the right way can increase your chances of success.

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Getting your prospect’s attention is not hard, it’s actually quite easy, all you got to do is say: “Hi”, they will pause and look at you waiting for you to continue.

The only things that can go right or wrong when you’re prospecting for mlm leads is what you say next.

Right from the start, if you pitch your opportunity right then and there, you already lost and there are so many reasons why. Here are a few of them:

  • You lost because you approached them with an offer which immediately puts them “higher” than you, they are in demand and you are viewed as desperate or needy. Even though it’s not the case, this is the reality of the approach. A good comparison to this would be if a guy sees a girl he’s never met, walks up to her and asks her to marry him right there on the spot. It’s makes the whole situation uncomfortable and awkward. Instead a “flirtatious game” should be happening.
  • They don’t know you that way. If it’s someone you know, they don’t know you with that new business attitude or mentality so they will not take you seriously on it because it’s not congruent with how they know you as a friend. Say you’re the joker of the group, an all of the sudden business attitude just sounds funny and not serious. The same if you’re the shy one or timid one and now you’re out talking to people, that’s just weird. If they don’t know you, well, exactly, they don’t know you so if you come with a pitch right away, they’ll feel like something’s fishy and you’re out to get them.
  • Here’s an example of an extreme fishy approach for illustration purposes only. Someone looking like a dirty bum comes up to you and asks you if you want to learn how to make millions, and get residual income for life and retire in 6 months. Are you seriously going to listen to them at all?
  • Now using the same example, let’s say Donald Trump or Tony Robbins (or anyone successful you like) comes to you and says the exact same thing. Will you give them a chance to talk more and listen to what they have to say?

The difference between these two scenarios is posture and positioning. One displayed non congruent body language to what he had to say and the other one is well respected and seen as an expert. So when you’re prospecting for mlm leads, more than likely, right now you’re approaching like the bum.

The secret to become the expert is to be in demand and to have your prospect properly qualify themselves to you before you pitch them anything. Essentially it’s about learning the skills of how to do lead generation to grow your business properly.

Look at job employers, they have potential employees send their resumes to them. Then they go through an interview process, then they might consider the applicant for work. Prospecting for mlm leads is a little different from the job analogy because you want to help your prospect figure out what they want through a series of rhetorical questions. Once they know what they want, then you can position yourself as the expert and offer a solution to their problems, or offer a wealth vehicle, say your network marketing opportunity. Hint! Hint! But you can only do that once you’ve delivered tons of value and helped your prospect figuring out what they want.

Prospecting For MLM Leads

When you’re prospecting for mlm leads, never ever put pressure on anyone to join your opportunity. Nothing good will come out of that and it will taint the network marketing industry with lots negativity. Don’t waste your precious time with non-interested people, life is too short. Instead focus your efforts on delivering value. Answer this questions: “What can I do today to give value and educate the world? What solutions can I come up with to the problems my prospects have?

When you position yourself as an expert, a problem solver you’ll find that prospecting for mlm leads will come naturally.

What about you, what can you do today to start giving value?

Network Marketing Tips For Everyone

Network Marketing TipsNetwork marketing is NOT for everyone but for those of you who it is for, if you plan to be successful, you should know about these important tips. Read on for a few handpicked selection of network marketing tips and guidelines.

Side Note! Network marketing could be like a game in which you compete to sign-up as many people as you can. Think about how you can help your prospects to solve their problems.

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In network marketing, you are in constant competition with others to sign as many people as possible. Knowing that fact, you think of why people should do business with you instead of someone else. Why should your prospect join you?

Concentrate on how you can provide value and help people finding solutions to their problems and make that the first core of your work. Over time, you will build trust, rapport and potentially a business relationship. Remember, by offering great value, even if the prospect doesn’t join your business, they might refer it to somebody else because of the great value they received.

It’s true that in many cases that quality recruits beat quantity recruits in terms of network marketing success. That being said, you still have to find those quality recruits and that’s done through quantity. It is said that for every 20 recruits, 1 will emerge as a “superstar” in your business.

You should make it your personal goal to recruit 100 personal recruits over your lifetime if you want your business to be really worthy. Anything less than that and your goals to financial freedom using network marketing are more than likely unrealistic.

It is to your benefit to have new network marketing recruits that are able to duplicate your work efforts and they will follow the work ethics of their leader (which is you). If you work to get 100 recruits, they will apply the same mentality  to their own business so they can build their own downline. Remember doing so will be creating major profits for the whole network.

Network Marketing Action Plan

Your success will be directly related to your network size.  It’s important to visualise your goals, write a clear plan of action on how to achieve them and re-visit them from time to time. If you use positive visualization it will help you a lot in your network marketing career from home.

Make yourself a vision board, which will help remind you on a daily basis why your business is important to you. Think about what is it that you want? What are your goals and objectives you wish to accomplish in the short-term and long-term? Do you want a fancy fast car, a mansion, a yacht or a super sweet one week family vacation once a month? Manifest your dreams into reality and the first step is to put them in front of your face.

Side Note! Quality beats quantity in network marketing. You want good quality people who will put the time and effort into what they are doing so that you both make money.

Another good way to grow in network marketing is to learn from all of your mistakes. Review the areas where you’ve done well and the ones where you were not successful and learn from your mistakes. You should take note and share those with your new recruits also.

Take that one step further and start learning from other people’s mistakes, seek out leaders in the industry, regardless of the business and learn from their failures and to focus on their strategies that do work. Many leaders have different marketing styles, pick out what works for you and make it yours.

In order to keep organized, keep a well-maintained email database with your potential prospect.  Keep them inform about industry news, tips and tricks, again, anything that can provide value to someone should be considered as a “newsletter” topic.  It is a vital tool you should use if you intend to be successful in network marketing. Regardless of how you acquire your list, the crucial thing is to always have a large pool of contacts on hand to share value with.

As you can now see, successful network marketing requires knowledge, skill and commitment. Once you implement those business strategies, you will see improvement and growth in your network marketing business.

What about you, what other network marketing tips do you have to share?

Network Marketing Pro Tips For You To Use

Network Marketing AdviceNothing beats Network Marketing Pro Tips. The article below will lay out some great tips you can use for network marketing that are current, accurate and very helpful but for more wisdom, seek advices from professional network marketers who are successful in their own respective business.

Let’s address a myth, many think that a large quantity of representative will result more sales in multilevel marketing; however, it has been proven that quality beats quantity every time. If you want to be truly profitable in your network marketing business, you have to find entrepreneurs with work ethics, the drive to succeed and the willingness to make the effort to establish their own downlines.

Side Note! If your goods or services are different, there may be people interested. People can make their own choices, but you still have to present them with a choice to make.

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Learning from your setbacks in network marketing is a great way to push forward. Keep track of your shortcomings and analyze why they exist. Learning from failures, both your own and those of others, helps you to avoid the same mistakes and to focus on the strategies that do work.

If you offer something new and in demand, you could attract new customers from various niche and by giving people the option to choose your products or services, you just might find yourself coming out on top.

Time spent with your family and friends is a stress reducer, so don’t forget to make time for them. In the beginning, your business will require a lot of your time and that’s why it’s imperative that you maintain a good schedule. Once your business is established, you find you’ll have more flexibility with your schedule and will be able to spend more time with your family.

Teach your downlines how to properly communicate with others so they can stay in control of the conversation. Build rapport with your new prospects, find out what their needs are and only then, if you know something that can help them you can offer a product that will act as a solution to their problems. As you get more experience helping people, your knowledge will increase and you’ll be in a better position to see what they need and want. By genuinely helping your prospect out, your prospects will be more than happy to do business with you.

Network Marketing Is Still Sales

Side Note! You should always make time for friends and family so that you don’t stress out, and to make sure that you do not damage your personal relationships. You might have to spend a little more time working on your business in the beginning, but as you start to see money coming in, you may be able to spend time with your family.

Keep in mind that network marketing is still in the sales industry thus sometimes lots of products will be sold and other times less sells will occur. In that event, you have to plan ahead. The financial experts agree that a good rule of thumb for a strong “safety net” is that in case of an emergency, you should have access to nine times your monthly expenses in cash on hand available. During your good months in network marketing, put money aside as it can help you establish your emergency fund.

To achieve long-term success results, set specific and well-defined goals. Even if you have a business plan that expands for 3-5 years, you want to re-evaluate your progress every ninety days. Following and tweaking specific goals is the key to a successful business.

Follow known and effective business models whenever possible. Use your upline and leaders or someone else that is successful as role models. Use their techniques to develop strategies that will work for you in your business. Imitating them can help you get to the top. We can learn from our own mistakes, as well as from the success of others.

Using and implementing the tips that you have read in this article will allow you to manifest network marketing success.

Network Marketing Training Secret Revealed

Network Marketing TrainingHas your network marketing training caught up with modern times?  Or are you still using 60’s and 70’s old school techniques?

Network marketing training is crucial for your success however because mlm is based on a duplication methods, a lot of techniques have not caught up to speed with today’s modern times.  With today’s technology and people being more savvy than ever before, you just can’t use hype or pressure techniques anymore to push your opportunity.

Successful network marketers have discovered the right kind of network marketing training and put it to good use for them, after all, compared to the others, they are way more successful the money’s rolling in.  So what’s their network marketing training secret?

Their secret is teaming up with a personal coach, a mentor, an up-line, essentially somebody’s who’s got success within the industry regardless if they are in the same company or not, that’s irrelevant, you can learn great information from other mentors.  As long as you are inspired, they will guide you, teach you, show you the ropes, motivate you and challenge you towards your goals and success.

Side Note! Quality is far more important than quantity when it comes to network marketing. A successful network needs serious dedicated people who work hard on their business, thus bringing profit to all the network members.

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Yes of course, other factors than network marketing training can affect your overall success.  Things like: the compensation plan, the product or service, the company itself, its financial state.  But the most important one to recognize, is YOU, your own skills and your own network marketing training will determine your results, whether good or bad.

Have you ever noticed that every professional (either business people or athletes) have a coach or personal trainer to help them get better results?  So why would it be different in network marketing?

The beauty about network marketing, as you know, is that it offers you a way to be in business for about $500 or less.  And you can also chose who your mentor will be.  Sure some people will say listen to your up-line and use them as your mentor but more often than ever, if your up-line is a “dud” or someone that doesn’t take his business as seriously as you then you’ll have to figure out your own network marketing training because you cannot rely on other people for your own success.  That’s just an excuse.  Your opportunity maybe be the best, hence why you’re promoting it, it’s just that network marketing training that is lacking.

Luckily we live an era of abundance.  Many successful network marketing mentor or coach, developed generic network marketing training that works in today’s modern times and that can be used for any opportunity.  They use word combos and patterns that are friendly, that raise curiosity in your prospect’s mind without bringing up the red flags.

When looking for those network marketing training mentors, consider these:

Do they have a proven successful track record? Remember you want to learn from the best, regardless of what other opportunity they’ve promoted, pick out their techniques and what works for your personality and make it yours. Always keep an open mind.

  1. How long have they been in the network marketing arena? The ones that have been in for a long time have seen it all and will be able to share stories.
  2. What is their marketing and promotion’s approach? Network marketing is about connecting with people and building business relationship that can later turn into friendship.
Side Note! If you’re becoming a network marketer because you were recruited by someone else, look for leadership qualities in this person. If they do not possess them, you may to find other mentors to get inspired from.

If you’re trying to figure all this out by yourself, good luck.  You’ll have to have a thick skin to be able to figure it out eventually but you’ll go through a lot of trial and error and will waste so much time.  How much is your time valued at?  These mentors have spent years putting together these network marketing trainings and they make it available to us for a ridiculously small fee.  I mean what’s a few hundred dollars if it can shave years off your learning curve?  How much would a gym personal trainer cost per year?

Side Note! Don’t let your business become all-consuming. Always make time to maintain your family relationships and other friendships.

Not knowing how to market can kill your business very fast.  What’s the point of have tons of leads or talking to tons of people if you can’t even close them into joining your business?  This is why network marketing training is so important.

At the end of the day, the opportunity you represent is your wealth vehicle but effective network marketing training through a reputable mentor, coach or up-line is like the fuel in your tank on our road trip to success.

What about you, what other kind of network marketing training are you doing to improve your skills?

Multi Level Marketing Companies 4 Tips Screening Process

Multi Level Marketing CompaniesThere’re SOOOO many Multi Level Marketing Companies to choose from, how do I know which one to join?
In today’s dose of CareerFH we’ll discuss 4 tips when screening multi level marketing companies.

Multi level marketing companies have been springing up, left, right and center ever since the growth of the internet.  The fact that more and more people are looking for ways to make extra money from home created a huge market for multi level marketing companies to jump in and join the ranks of proven track record of current and older multi level marketing companies.

Here are a few critical “must look at and consider” things when contemplating joining multi level marketing companies.

Number 1, look at the company’s stability.  Anything over and above 5 years has passed the critical start-up phase.  There’s a saying that goes like: “95% of new businesses will fail within their first 3-5 years.”  Multi level marketing companies included, there’s no escape.

Essentially, the longer it’s been in business, the more chances of it staying for the long run.  There’s nothing worse than putting all your time and effort into building a large business only to find out your company will shut down in 6 months.  Unless you’re a veteran in the business or a super high risk taker then you should focus on stability.

Side Note! You can only be successful in Multi Level Marketing if you put your entire heart and mind into it. You have to work your strategy on a daily basis.

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Number 2, look at who’s the boss.  That’s right; take a closer look at who’s in charge of the multi level marketing companies.  Are the owners network marketers themselves?  Have they had many years of experience building a previous network marketing opportunity?  The reason it’s important to know is that you want to have somebody with lots of experience at the very top.

Because of their knowledge in the “field” so to speak, they understand what representative will need, whether support, compensation, tools, etc.  You can easily find out their contact information online and send them an e-mail or call them with your questions.  If you plan to join multi level marketing companies seriously, you kind of want to know who you’ll be dealing with.  Look for these qualities:  honesty, integrity and genuinely good people.

Number 3, look at their product or service portfolio.  Does their products or services have competitive pricing?  Do they have a variety of products and services to offer?  What about the type of product and services do they have?  For example: if they sell black and white tvs, you know the ones made out of wood that looked like furniture, well, it doesn’t matter how good of a representative you are if the market for that product or service is obsolete.

Number 4, look at the recruiting process.  How easy and simple is it to join the multi level marketing companies you’re looking at?  Are they old school still using paper forms and fax machines or do you have an elaborate back office in your representative’s portal within the company’s website?  Can your potential customers purchase online?

Multi Level Marketing Companies – Conclusion

In summary, when screening multi level marketing companies, having the right set of questions can help you out tremendously to make an informed decision.  Keep in mind that the company you choose to represent is only one factor out of many.  Another big important factor to be successful in this kind of business is YOU!  Your work ethics, you’re ability to be coached and your ability to duplicate will also play a huge role in determining your success with multi level marketing companies.

What about you, what other questions would you ask the multi level marketing companies?

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