How to succeed in Network Marketing can be a complex training. Fundamentally there are ONLY three basic things that have to be mastered to have success. It is really important to carry out due diligence when choosing which Network marketing company to join . Once this has been done then concentrate on the three essentials for success.
I must emphasise that this article quickly covers the three basics. Each topic that I am going to mention can be broken into many sub-topics. This article covers each one only briefly.
- Retail the product
Consistently retailing is productive in many ways. It shows that you have belief in the product/company. It is profitable for your business and retailing will help fund the cost of running your network marketing business. Every company’s product is different and how that product is actually retailed varies considerably. I would suggest that you find a successful retailer in your particular company and duplicate whatever they do. (This could be your mentor)
By retailing your chosen company’s product you gain product knowledge, increase your business turnover and importantly learn all the ‘pros and cons’ of retailing. The experience that you gain by moving product can be passed onto future team members. The fact that you retail should encourage ‘team members’ to retail (move product) which enhances duplication and profitability. How to succeed in network marketing is dependent on customer sales, the more there are the more money is made. Retail sales are the lifeblood of any company and this should be no different for a network marketing business.
- Sponsor
Consistently carrying out the required activity to create leads, which are then converted to new team members is essential if you want to build a profitable Network Marketing (MLM) business. Again, every company is different in the way that they recruit. My suggestion is find a ‘mentor’ and duplicate whatever they do to create their leads. And follow their system of converting leads to ‘sign ups’. The key to how to succeed in network marketing is never ever stop personally sponsoring. Many people make the mistake of sponsoring a few people into their business and then go into ‘management mode’.
What does ‘management mode’ mean? It means that the distributor stops personally recruiting themselves and begins to manage the people that they have already sponsored. Then they wonder why their team is not growing as fast as they would wish. This is mainly due to the fact that their team duplicates them. They sponsor a few and then also go into ‘management role’! This means that personal recruitment in the ‘team’ basically comes to a stand still.
‘The Speed of the Leader Dictates the Speed of the Pack’
Always keep on recruiting personally. Your team members are watching you, if they see you consistently retailing the product and sponsoring. They will see you as a person worth following ‘a leader’. Leading by example!
- Teach
One of the most important aspects on how to succeed in network marketing is the ability to create duplication in your team. Again it is important to find a mentor (see article) as every network marketing company has a different training regime.
It is worth remembering that every time you speak you are training. This is really relevant when talking to team members. As soon as you sponsor your first person you are a teacher. The experience of their ‘signing’ into the company is important. This is because if it was a pleasurable experience they will hopefully duplicate this when they sign their people in.
Your attendance of meetings/events is essential if you want your team to duplicate and learn. If you are not there, then how can you expect your team to attend?
Try to be always learning new skills, knowledge and techniques and always remain positive, there is a wealth of information available online and within your company .
How to be successful in network marketing is often just down to being consistent at.
- Retailing
- Sponsoring
- Teaching
However a significant ingredient to success is having the right attitude,
No comments:
Post a Comment