Uploaded on May 20, 2020
PPT on Network Marketing full strategy.
Network Marketing full strategy.
Network Marketing full Strategy Choose wisely There are some key elements you should be looking for before choosing a company. First, stability or how old the company is. Number two is excellent products or services that consumers will use and need more of. Number three is the pay plan, how even, fair and generous is the overall distribution. This is really crucial as the pay plan represents exactly how you'll get paid, or not get paid. Source: Google Images Key elements Next, the integrity of the company and the management. As much as possible, investigate the experience of the CEO, their experience in the network marketing industry, their background and reputation. Number five is momentum and timing. Look at where the company's at, what's going on with the company, and if it's growing. Source: Google Images Support and business systems You may have a great company with excellent management, products that make a difference, a pay plan that's uniquely fair and very generous, but if you don't have a system in place that works, all of that doesn't matter. Most companies will have a transferable training system that they use, and that's where mentorship comes in. Source: Google Images Listen to your mentors To succeed, you need to be willing to listen and learn from mentors. The way this industry is structured, it's in the best interests of the MLM veterans to help you succeed, so they're willing to teach you the system. Whatever they did to become successful, it's very duplicable, but you have to be willing to listen and be taught and follow those systems. Source: Google Images Support from the top It can be called various things, but the general term is the "upline," meaning the people above you. Things like how supportive they are, regular calls, help you put a plan in place, commitment to your success as their own etc. matter a lot. You should be able to relate to them and be able to call them at any time for support, which is very important. Source: Google Images Take the lead There's a term in the network marketing industry called "orphans“, when somebody is brought in and then the person who brought them in is just so busy that they don't have time for the newcomer. You should be prepared to spend at least 30 days helping a new person come into the industry, training, supporting and holding their hand until they are confident enough to go alone. Source: Google Images Make use of internet People are utilizing the internet as their main marketing tool. Using autoresponders to capture leads, which can help to follow-up. One of the greatest keys to success in this industry is follow-up. Many people will have someone call them who's interested, but then they don't follow up with it. Automation on the internet has allowed a much more consistent method of following up. Source: Google Images Take care of the business This is a business, and just like if you were running a franchise or a storefront, you should have an accountant. You have all the same write-offs tax-wise that you have with running a full-time business, so it's very important to do your research prior to getting involved, before you start making money from it. Source: Google Images Don’t quit your day job Never leave your full-time position unless you're absolutely certain that the income that's coming in with this company is going to be there. Be sure that you've been with the company for awhile and that you know it's a stable company, and the income that you're earning is equal to or greater than the income you're earning from your job before quitting. Source: Google Images
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