10 Ways To Make More Money In Network
Marketing
By Noah Ulrich
Network Marketing is an excellent way for the "average Joe or Jane"
to make an extra income. This business concept has been around for decades,
and it will not disappear any time soon. The reason for its popularity
is simple... It Works! It does however, require lots of work and most importantly,
dedication and persistance to get the job done. The best part is, once
you are able to set up a solid network, your business becomes MUCH less
time intensive. Almost like going on "autopilot". The key is to get there
as fast as possible.
Here are just a couple of tips I have found to be helpful in maximizing
your Network Marketing Business:
1. Use your products regularly. This is Number 1 for a reason, this
is the most ignored part of ANY network marketing business. How do you
expect your business to succeed if you will not even use your own products?
It does seem silly to even have to bring this up, but there are many who
are not using their own products, and wonder why they are not making any
money. Make a commitment to use your products for a year, and see where
your business goes.
2. Educate yourself constantly. This is very important! You must rid
yourself of negative ideas, sometimes referred to as "stinkin thinkin".
This can be done in a variety of ways. I recommend reading at least 15
minutes a day, but try to shoot for 30. Business and self-help books are
a great way to start. Don't forget your Multi-level magazines, as they
are full of tips and advice. Lastly, listen to cassette tapes on multi-level
tips from top earners in your business.
3. Spend as much time as possible with your upline. Your upline should
have only one goal in mind, To Help You Succeed! They are a vast source
of knowledge and information. Mingle with top distributors in your group,
or other groups, and ask how they made it. Most everyone should be more
than happy to provide you with excellent tips and advice.
4. Present your products and marketing plan personally to at least one
person daily. Remember above when I said you are going to have to work,
well here it is. Now here is the key, the prospects to whom you present
your plan, do not have to be yours personally. Show the plan for your downline,
and not only will you create "security" by placing members in your downlines'
downline, it will also give you a boost in your personal income! I can
guarantee if you were to follow this rule for 6 months, you would create
a downline with enough width and depth to create an income to sustain you
and your family for life.
5. Care for your downline. An entire book can be written on this topic.
Usually, it's the little things that show you really care. Try to maintain
regular contact, and always praise your distributor's accomplishments.
You can even offer incentives for specific achievements, such as money,
travel, recognition, or other rewards, to help motivate your group.
6. Duplicate yourself by making distributors independent of you. This
will help to multiply your time, thus making you and your group more effective.
Always lead by example. Never stop recruiting, training and retailing.
Remember the KISS formula - "Keep It Simple, Sweety" I know, I know, I
changed the last word, but it maintains the meaning. This can be done my
conducting simple, brief, yet dramatic presentations, and teaching your
downline to do the same.
7. Create a large customer base. This is another largely ignored, yet
very important, piece of your network marketing business. Many try so hard
to build a huge downline, that they forget how much profit they could also
make by selling their products to retail customers. Some people will just
not want to become part of your downline, no matter how great a product/system
you may have. This does not mean they will not be personally interested
in your product. Try to make everyone your customer. Once you earn their
trust, they will come to you more, and perhaps even join your downline
later. Always "leave the door open", as people's needs do change.
8. Focus on your customers needs. You must give customers more than
they expect, and always satisfy your customers complaints immediately.
Try to listen 80% of the time, and talk only 20%. As stated above, your
customers can be a huge source of future referrals and/or business. You
must earn and maintain their trust. Once you have their trust, you can
always ask for referrals, which leads to even more business and a larger
downline.
9. Set daily, weekly, monthly, and yearly goals - and Write Them Down!
You may have heard the expression, "How do you eat an elephant? One bite
at a time." Breaking up a larger goal into smaller easily attainable goals,
is the key to success. You cannot just jump to the end, you have to make
progress everyday. Writing them down is another largely ignored, important
tip to help you succeed. A goal is just a "passing thought", or "wish"
until you put it in writing. That is when it becomes concrete and real.
It is also a great idea to keep a business journal of your daily activities,
as it will help you to become more productive and time-conscious.
10. Get Out There And Do It Now! All of the knowledge in the world is
useless and unprofitable, until you put the most important ingredient of
them all in place. This "secret" ingredient should come as no surprise
at all, but this is the #1 reason for failure at anything in life. It is
ACTION! Remember, knowledge is useless without action.
Thank you for reading this, and I truly hope this has provided you with
valuable information to help you and your business grow and succeed.
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