What is Multilevel Marketing? Is it Right for You?
Many of us look for financial opportunities that will allow us to be our own Boss or make extra income. Unfortunately, few understand what it takes to create this reality. Many of us join a multilevel marketing company. They are also known as MLM or Network Marketing. MLM’s provide many products and services to choose from and offer a variety of different comp plans. That’s those circles that show you how to build your downline and how to make money.
Top 5 Skills for Success. Learning good marketing skills is critical to a successful business
- First you’re going to need skills in Marketing and Sales. Decide on what kind of strategy is going to work for you. Is it live one on ones? Are you going to market online or offline?
- You will need to learn how to build relationships with your customers. You want to build relationships with people. That means meeting new people and seeing what they are looking for. Find out what pains or issues they are having. Don’t slam them with your opportunity.
- You will need to learn how to prospect and recruit others into your business opportunity. For this great communications skills is very important.
- How to advertise. Learn Free vs Paid Advertising and how each can benefit you.
- Learn the basics of list building
- How to use an autoresponder for email marketing
- Create email follow up series
- Learn the benefits of social media marketing if you want to market online
- How to invite to a meeting if you do home parties
- Personal Development. This one I cannot stress enough.
Pick the Right Company
Do your due diligence. Pick a company that creates a high quality product or offers a valuable service at a fair price. Also you want to know what the market for this product or service is. Can you see yourself promoting this? You will feel better about yourself offering a product or service that you yourself use.
Research the company. You will have a lot more success if you represent an honest and worthwhile product or service. You can Google the company and find out all kinds of information. Beware that you will also find negative things. What you want to know is how long this product or company has been around. Does it have a healthy growth pattern? Is your local group active? Who are the leaders in the company?
Once you have picked your company do not give off false impressions to your customers. You must be honest when conducting business. Tell them that this is a great way to make money but that it takes time and commitment is not a get rich quick thing. That way, they won't be disappointed when they are not an overnight success.
Learn the realities of MLM. You may have seen some marketers sell products claiming that you can earn a lot of income quickly. Be careful of scams like this. Like other endeavors, you may not earn anything in MLM. Hard work, a solid marketing strategy, and great marketing skills can help you see success.
The real facts are only about 1 to 2% ever make a good go at it.
This isn’t because they are better but they have most likely invested in their own personal growth. Many don’t want to go down that road. Because it does take work and consistency every day.
Get To Work: Action, Action, Action
If you are serious about wanting freedom and living the life you have dreamed of then be prepared to WORK.
Do something business-related every day. You need to do at least one daily task that is part of your MLM strategy to keep your business going. There are many tasks that you can do. You can host a product party, create a website, set up your fan page, learn a new skill and always meet new people every day.
If you would like help reach out to me. I love working with people and helping them find their success. I’m serious when I say your success is my success. I have many resources and tips I can share with you.
I cannot stress the importance of Live Events. This is where you will meet successful marketers and business people. You want to get to know them and ask questions about what they have done to become successful. They say success leaves clues. Watch what the leaders are doing. Where do they hang out, what books do they read, what events do they attend. Do they have mastermind groups?
Keep abreast of what is happening in your community and plan to attend community events. These are great opportunities to meet and greet others. You are sure to find new customers and new recruits. You can also build a name for yourself in the community and develop a trustworthy public image. Going to social events doesn’t always mean going to a physical location. There are events online that you can attend. I attend quite a few of these and have met 100's of people. Some have become great friends. The best thing is meeting them in person at events.
This world will open you up and challenge you to the core. But I am here to say, it is all worth it. It will grow and stretch you in ways you never considered. You may find down the road new ways or avenues to create your Dream career. It would be my honor to work with you to find what gets you excited. What are your talents and greatest strengths?
If you find that this is right for you and are interested in learning more give me a shout.
I want you to succeed, I am cheering you on. Never give up. Keep learning everything you can.
You Can Have the Freedom to do Life your way… Nothing is Impossible.
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Until Next Time
Have a blessed day
Love and Light