We have all seen and heard about the "money is in the list but you have to be very careful about the type of people you have on the list. Quality is better then quantity...what i mean by this is that if you build a list full of tire kickers, you want make little if any money marketing to them because they were looking for something free.
The other type of person is the "network marketing junkie" that jump from program to program who follows the hype of making a killing by being the first to join the next pre-launch that will net them thousands of dollars a month even if they never sponsor a single person!
Lets get real with it...mlm/network marketing is almost impossible to be successful at without having a responsive list of real prospects that believe you have their best interest at heart. If you want quality people on your list, then you must offer your prospects "extreme value" not just some warmed over ebook telling them the some old tired story!
If you offer your prospects the education they need to learn how to market their business online and offline and they have some success at it, you will create a list of quality prospects that like and trust you ...even consider you as a friend. Check out the link below if you are looking to build a quality list and a network marketing business that lasts.
http://bestleadgenerationtactics.com
Keeping it real!
James
Showing posts with label network marketing success. Show all posts
Showing posts with label network marketing success. Show all posts
Tuesday, January 18, 2011
Sunday, December 28, 2008
How To Make Money Online -Why Multiple Streams Of Income May Mean Multiple Streams Of Debt
Hello again from kalamazoo! Have you notice that one of the strategies of making money online is to promote multiple streams of income? When you first look at this proposition, it seems that if you have more then one business or affiliate program, you have multiple options of one of the programs making money for you.
Well lets look a little closer. Most affiliate and all MLM programs require you to pay to play, some money to participate in the MLM business. In my example, let us use say 5 low cost mlm programs. Each of these programs cost a one time cost of $40 to join and $10 per month for your monthly membership or product. Thats 5 X $50= $250 up front and you haven't made a dime.
The on going costs for these 5 programs is $10 per month or $50 per month just to carry the 5 mlm programs. You now have 5 multiple streams of debt because you have not made 1 cent. When you have 5 mlm businesses, you can only devote 20% of your time to each of them so your effectiveness for marketing one program is only 20%.
Now if each of these programs is a 2x15 matrix and you have to sponsor at least 2 people on your front line to make any money. This means you need to sponsor 10 people to qualify for you to get a commission. The network marketing industry average is that the average network marketer only sponsors 1.7 people period.
What started out to be insurance by having multiple streams of income really has become multiple streams of debt. You don't have to struggle and slave looking for marketing system to make money online. Use your network marketing smarts and visit: http://www.networkmarketingsmarts.com
james b byrd
1-269-290-3263
Well lets look a little closer. Most affiliate and all MLM programs require you to pay to play, some money to participate in the MLM business. In my example, let us use say 5 low cost mlm programs. Each of these programs cost a one time cost of $40 to join and $10 per month for your monthly membership or product. Thats 5 X $50= $250 up front and you haven't made a dime.
The on going costs for these 5 programs is $10 per month or $50 per month just to carry the 5 mlm programs. You now have 5 multiple streams of debt because you have not made 1 cent. When you have 5 mlm businesses, you can only devote 20% of your time to each of them so your effectiveness for marketing one program is only 20%.
Now if each of these programs is a 2x15 matrix and you have to sponsor at least 2 people on your front line to make any money. This means you need to sponsor 10 people to qualify for you to get a commission. The network marketing industry average is that the average network marketer only sponsors 1.7 people period.
What started out to be insurance by having multiple streams of income really has become multiple streams of debt. You don't have to struggle and slave looking for marketing system to make money online. Use your network marketing smarts and visit: http://www.networkmarketingsmarts.com
james b byrd
1-269-290-3263
Tuesday, August 12, 2008
MLM Success- Get A Grip On Yourself
MLM success takes more then targeted leads but it also requires focused sustained effort. Many times our personality type may interfere with staying on course but if you want to be successful in the network marketing business, it's a must do requirement
It is critical for mlm success that continually get a grip on your own commitment to the process of success. Identify each exact task you'll be doing. Set up a regular schedule each day to do these tasks. Where will you be at a certain time? Who can you go to when you are confused? You want easy fast access to a user of your lead generation system who is getting it done with it right now.
To have mlm success you must almost instantly see for yourself by your own experience that your system works, or you'll find excuses to quit. Most of these mlm business tasks, you realistically cannot do them while you are trying to do other things. This is a bad habit doesn't give you a zero chance to succeed. If you're trying to do other things and talk with your prospect at the same time, the prospect will notice the distraction and you will turn them off. You have to be sure to set aside proper time that you can give prospects all your attention. In other words, get a grip on yourself
Many years ago, an experienced successful networker named Michael Dlouhy wrote the ebook "Success In 10 Steps." The concepts in this post come from that book, which details the reasons so many people fail to achieve mlm success. It's fascinating to see that some MLM businesses set out to find a compensation plan that rewards a few people with good pay, and pays little or nothing to the 99% of reps looking to build a business part-time to achieve their dreams. The companies figure that if you get excited about the "chosen few" people who get 6-figure or 7-figure monthly paychecks, that will draw a lot of people into the business. The truth is, there's only so much money to go around. And the more the "heavy weights get, the less there is for part time networker. You'll find a lot of interesting ideas in this book. Visit this link to download your free ebook:
www.allaboutyouandsuccess.com
james byrd
269.290.3263
Never Buy Another Stale Lead
www.blueprintmagic.com
It is critical for mlm success that continually get a grip on your own commitment to the process of success. Identify each exact task you'll be doing. Set up a regular schedule each day to do these tasks. Where will you be at a certain time? Who can you go to when you are confused? You want easy fast access to a user of your lead generation system who is getting it done with it right now.
To have mlm success you must almost instantly see for yourself by your own experience that your system works, or you'll find excuses to quit. Most of these mlm business tasks, you realistically cannot do them while you are trying to do other things. This is a bad habit doesn't give you a zero chance to succeed. If you're trying to do other things and talk with your prospect at the same time, the prospect will notice the distraction and you will turn them off. You have to be sure to set aside proper time that you can give prospects all your attention. In other words, get a grip on yourself
Many years ago, an experienced successful networker named Michael Dlouhy wrote the ebook "Success In 10 Steps." The concepts in this post come from that book, which details the reasons so many people fail to achieve mlm success. It's fascinating to see that some MLM businesses set out to find a compensation plan that rewards a few people with good pay, and pays little or nothing to the 99% of reps looking to build a business part-time to achieve their dreams. The companies figure that if you get excited about the "chosen few" people who get 6-figure or 7-figure monthly paychecks, that will draw a lot of people into the business. The truth is, there's only so much money to go around. And the more the "heavy weights get, the less there is for part time networker. You'll find a lot of interesting ideas in this book. Visit this link to download your free ebook:
www.allaboutyouandsuccess.com
james byrd
269.290.3263
Never Buy Another Stale Lead
www.blueprintmagic.com
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