Sponsoring twenty to thirty new distributors to a network marketing business every month might seem insurmountable to most people. But to us who have done it, and do it on a consistent basis, it's a no brainer. I didn't say that to brag, but simply to illustrate a simple truth, and here it is: Sponsoring people to your MLM is not that hard as it seems. Of course, there's still some work involved, and you need to learn a particular set of skills, but all in all, the sponsoring process can be as easy as 1-2-3.
One of the reasons why most distributors don't sponsor anyone is because they didn't take the time to learn the simple, basic skills of MLM sponsoring. That's plain and simple. Those skills, when learned, polished and mastered, can make your MLM sponsoring process as easy as taking a bath or brushing your teeth. I'm not kidding. What are these basic skills? Luckily you don't need to be a rocket scientist to acquire these skills. Here are they:
1. Basic Selling. Ok, some of you might back off with the mention of the word "selling". Don't worry, you don't need to be a fast talker or a Wall Street broker just to succeed in MLM. You just need to identify the features of your business opportunity/product, then transform them into benefits that the customer will enjoy. This is not hard. In my website, I teach a very simple method to make 3 to 5 retail sales per day.
2. Basic Internet Skills. You don't need to be a technical genius or Google analyst to make it big in MLM. In fact, if you can check your email and create simple Facebook and Twitter accounts, you can make big money in MLM. Again, don't take my word for it. Take my free training and see how this works for you.
3. Simple Human Relations and Follow Up. What would you do after people sign up to your program? This is where simple human relations and follow up skills come to use. You don't need to be a Winston Churchill or JFK to be a considered a good leader and mentor in the MLM world. All you need is to learn how to relate well to people in your downline, and do consistent follow up.
In my site, I give away free training that aims to wake up the awesome potential hiding dormant in each distributor or network marketer. Let me take you by the hand and show you how I personally brought 1,045 distributors to my team and earned a residual $15,673 in just 4 months. You can do the same.
Click Here To Visit Verniel Cutar's Main Website
By Louis Charles Martel
Your residual income is the financial little extra that is leftover in your hand after your bills are paid each month. The financial obligations are paid off and any extra money is left as passive income. But don't forget to plan for every bill, not just the ones for this month, but the quarterly payments also.
If you need $1500 in your budget for monthly expenses and you earn $1900 a month, that extra $400 is your residual income. You haven't done anything other than go to work and put your best day to the job you do. The $400 left over from your earned income is now residual income.
Other forms of passive money result from interest-bearing checking accounts, dividends from stocks and even money received from rental properties. Passive income comes to you as the result of a prior purchase or savings plan. The work you did before retirement counts toward your payment of a pension. The pension check is now residual income.
If you have a mortgage on your home or the home you rent out, upon the complete payment of that mortgage, the funds you use to pay to the mortgage company is no longer needed there so it becomes residual income. It's like there is now an empty space where money is no longer needed. You can stash that money away as residual or replace the mortgage payment with a boat payment. It's up to you.
The amount of passive income you can show a bank when applying for a loan is paramount in the bank's decision to lend you the money. It shows them that you have enough funds to assume the responsibility to repay the loan. With the loan money in hand, you assume a payment plan and may be paying less interest on the loan than you would have lost by dipping into a great stock that provides steady residual income.
Income is taxable. It is the way our country works, and every time you gather money as income, you give Uncle Sam his share. The interest earned, the income from rent and the royalties from the sale of a book are all taxable income. Some states have rules about the tax on pension checks. In some states, pension checks are taxable.
As with any earnings, you should make sure you keep accurate books. Sloppy bookkeeping can run you into trouble with the IRS. If you are still employed and have several rental properties, stocks, bonds and other residual income ventures, you might need help from an accountant. You need to make sure that you save receipts for ease in doing your taxes.
Look beyond today when you choose the money makers of tomorrow. Set up and put in place some sources that will provide you with residual income in the years to come. Be aware of how to plan for the future and how to use that planning to promote some residual income. The financial little extra can become your ticket for the future.
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Article Source: http://EzineArticles.com/?expert=Louis_Charles_Martel http://EzineArticles.com/?Residual-Income-That-Just-Keeps-Coming-In&id=2424764
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guest post by: Nabil Khoury
For your network marketing success you need to understand some basics about human beings. Remember, network marketing is not a sales business; it is relationship marketing. Unfortunately, most network marketing companies fail to teach these basics in training, and their distributors are left struggling.
First, you must understand yourself and your patterns of thinking. Second, for success in prospecting, especially long distance, you must be able to spot your prospect's pattern of thinking and find his "hot buttons." Third, you must understand that your prospects' patterns of thinking may be completely different than yours.
Your network marketing success depends upon understanding the four major personality types. You need to speak your prospect's language, not your own, and you can discover a prospect's personality type by listening and by asking the right questions.
What turns you on may be turning your prospect off!
For example, let's talk about the "blues." They make up 15% of the population, and they are open and direct. They talk too much, they volunteer more information than necessary, they like to have fun, they see the big picture, and most importantly, they don't like details and numbers. Finally, they have difficulty in focusing on one task, and you may think they have a little bit of ADHD. More "blues" join network marketing than any other personality type. If you are a "blue," you need to learn to shut your mouth and stop interrupting your prospect; you must learn to listen, and you must learn to focus on your tasks. In contrast, when you sponsor a "blue," you need to teach him how to listen and how to focus in order to succeed in network marketing.
When you prospect a "blue," let him talk, and tell him about the trip you won and the fun you have with your team in network marketing. Do not give him details. Make sure you follow up closely with him, but send him short and sweet e-mails. If you make the mistake of sending long, detailed e-mails to your blue prospect, he will block your e-mails, and he will screen his phone calls and never pick up.
Let's talk about the “yellows.” They make up 30% of the population, and they are open and indirect. They are soft spoken, they are the super nice people, and they are very sensitive. They don't like pushy aggressive people. When your prospect a “yellow”, do not talk about money, and tell him how this business will allow him to be with his family and loved ones, and how your products are helping people with their health and wealth. Dare to focus on the money with them and you lost them forever.
As illustrated above, in order to have success in your prospecting, you need to understand the different personality types.
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Nabil Tannous Khoury, MD is a medical doctor and entrepreneur.
Visit his website daily mlm network marketing tips for generic practical tips
that lead you to network marketing success at:
http://www.networkmarketingsuccesstips.com
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CLICK HERE FOR MORE MLM PROSPECTING SECRETS
By Martin Looperman
So how do you do it? Firstly, you create a web page that will be your 'squeeze page' or 'lead capture page'. This webpage is designed to capture names and email addresses from prospects that are interested in your opportunity.
Now, when you are marketing your business opportunity. You should drive your visitors or prospects to your lead capture page instead of your company's website. In your lead capture page, there will be a form for your visitors to fill out and this data will be stored in your autoresponder. An autoresponder is the tool that helps you to contact your list.
Only when your prospects are in your database do you then start to communicate to them about your network marketing opportunity. If you do this continuously for the next 5-12 months, you will find that you will have a good size of prospects you can speak to or email to and you will find that the range falls between a few thousand prospects to tens of thousands of prospects. When you follow this formula, you are bullet proof even if your network marketing company falls apart!
You have nothing to worry about because you will still have a huge list of prospects in your OWN database. With this, you own your leads, not your company. If your company gets closed down or if you get kicked out of your network marketing company, you can simply pick another business opportunity and start promoting it to your own leads without losing ANYTHING! As you can see, if you want to achieve long term network marketing success, you need to learn how to generate and protect your own leads. These databases of leads that you generated are yours and yours to keep forever.
Sometimes when you will find that other network marketing companies or home business opportunities will offer their own squeeze page template for you to copy and paste. However I would not recommend it for the following reasons:
(1) You will not be able to differentiate from the rest of the distributors in the company! With every single distributor out there using the same squeeze page, you do not stand out as a leader because people don't just join a company... they join YOU! What makes you different that people would want to join you instead of other people?
(2) When you use the same template that dozens of other people are using, you will lose out on a lot of FREE search engine traffic. The reason being, Google doesn't like people using duplicate content. Basically, it is much better to use your own original content.
(3) You are still building your company's database in the end. Better to build your own list or database, gain your prospect's trust and build the bond so that even if the company closes down (or if you leave your company), your loyal subscriber will still follow you at the end of the day.
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You can find more how to in this site: http://www.easymoney2do.blogspot.com
Article Source: http://EzineArticles.com/?expert=Martin_Looperman http://EzineArticles.com/?The-Untold-Secret-Behind-Lead-Generation&id=2407830
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Check Out These Advanced MLM Lead Generation Tactics
By Karen Monasingh
Would you agree that you "Joined " your MLM business because of the energy that you received from the presenter in the room and the expensive vehicle that they put on display? I know that I did!
It was 48 hours where you are on a mission to make that list, call the list, do that three-way call and edify your upline. But wait you are getting more "Rejections" than ever, now you want to quit. It is said that 97% of network marketers fail because of these 6 reasons:
1. Unrealistic Expectations: Often time when people get involve in a network marketing business they have a misconception of becoming rich overnight. Now, when this does not happened they then decide that this is not for them or wonder why they are not making money. Most people join an MLM because it is portrayed to be a get rich quick business but fail to understand that to be successful that it will take "Time" and "Education". Most people are not willing to be patient and educate themselves.
Uplines do not explain to new recruits the difficulties that they will face when trying to duplicate what they do to get to the top. Another thing that your upline will not disclose, is how much they really had to put up to get to get to the top. This is why the average person will not achieve MLM success and will only recruit 2.7% people and than quit.
2. Lack of Training & Support: The old school training is to call friends and family and spam people with the replicated business website does not work. As newbies in the industry we believe that this is training and this is what will get them to the top. Let it be known that this is not training. Remember, promoting your company's replicated website will only attract the unqualified leads. People join you and not your business opportunity. This means people will only get involve with people who they trust, who have provided some form of value to improve their Journey to Success.
3. Confusing Strategy: Network marketing is a business of duplication and replication. In order to be successful at network marketing you will need to have a duplicable strategy. If your downline cannot duplicate what you do, then your business will become a one person business with no meaningful results. You will find yourself managing your downline, you do the presentations, you contact their list in addition to yours. This is not duplicable.
4. Sacrifice: Just like anything that we do in life, we must make sacrifices. If you want to be successful in this industry there will have to be sacrifices. Give up on old ways of doing things, step outside of your comfort zone, and try new things to improve yourself. Now, making these changes or sacrifices may cause you to loose a few hours of sleep, it may mean that you cannot party on Friday nights because you have training. But remember, these sacrifices will turn into rewards in the end. When majority of network marketers get started they figure that they can become successful with their old ways. This industry requires a 150% of You and that is when you will see MLM success.
5. Lack of Action: Now, being consistent with the real money making matter where you produce money on autopilot or while you are sleeping. When you are constantly on the run attending these regional events, weekly money making meetings, conference calls, please ask your self, are you really maximizing on time. There is purpose these meeting serve and is to break your bank account. These strategies are only setup to keep your momentum going. Let me give you an insider secret, having a website that you use to market yourself and to attract your "targets" and then converting them to qualified prospects is the way to make money while your asleep.
6. Daily To do List: To create Wealth! You must have a list (this is your work capital). This is your business and if you do not operate it like a business than you will fail in this industry. You need to have a daily list, and as you complete each task you check it off the list. For example, if your list is to complete an article, do a video, then make it your goal to complete your article and the video on that day. Do not stop until it is completed. If you practice pushing things off for the next day, then you are delaying your success each day.
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Frustrated Internet Marketer who gave up on the Traditional Marketing Methods.
To Learn more about succeeding and achieving your goals
http://www.KarenMonasingh.com
Article Source: http://EzineArticles.com/?expert=Karen_Monasingh http://EzineArticles.com/?6-Major-Reasons-Why-Network-Marketers-Fail-in-Their-MLM-Business&id=2405933
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CLICK HERE To Avoid Further MLM Failure
In this article I'd like to point some very common mistakes that network marketing newbies commit. If you're new to this industry, the things I'm going to point out will save you years of unnecessary pain and struggle. Lots of newbies are ultimately butchered and victimized by MLM whales simply because they are innocent and are still venturing into a brave new world. Here are tips to start making money even if you're new:
1. Define What SPAM Is and Never Do It. Honest, well meaning people sometimes fall to the temptation of sending SPAM. They're not bad, they just don't know what SPAM is. The rule of thumb here is this: Never contact or email anyone who hasn't previously asked information about you and your business. This applies to Facebook, Myspace, Social Networks and blogs.
2. Don't Drink The MLM Kool Aid. "Drinking the Kool Aid" is the term that we use to refer to the marketing ploys used by lots of people in the industry. When you're new, many people will approach you and offer an "instant solution" to getting rich or growing a huge downline. They sell that solution, software, system, or product and package it as a "quick fix" to your problems. They sell it like Kool Aid and make you believe that it's really that easy to make money (just mix with water and drink). Never buy or even drink the network marketing "Kool Aid'. It's bad for you. Always do a thourough evaluation of a product, system, or software before investing on it.
3. Work Closely With Your Upline. The major mistake of MLM newbies is to try to figure things out on their own. Don't do that. Always ask the advice of people who has "been there, done that". Most of the time, it's your upline who has more experience than you. If your upline is also new in this industry, try seeking the advice of a generic, legitimate mentor who is willing to give you valuable tips. be sure to share these valuable tips to your upline too. He's your partner in this business, not your competitor.
Verniel Cutar Helps People Succeed In The MLM Industry. To Learn How To Build A Huge Downline Organization And Earn An Average Of $5,218 to $18,977 Per Month In Your MLM, Just Go To http://www.gentlehorizons.ws
By Eric C. Su
Advertising is necessary in almost every business. It is like a backbone for any business. However, it is important to set a budget for your business promotion. Innetwork marketing business, there are two certain methods of promoting a product and below mentioned are some of the effective techniques of MLM advertising that help to save cost and grow your business in a better way
1. Post comments in Business Meetings: One of the helpful techniques of network marketing advertising is to post comments in business meetings or forums. Posting comments saves cost of lead generation, and is mostly free. The other advantage of this MLM promotion technique is that, you may provide necessary details about your product and this will attract many consumers towards your home business.
2. Free network marketing Advertising: In internet promotion world, there are various sources of advertising a product free of cost. These help in saving cost. One of the advertising techniques in MLM is to create a targeted list. This list helps to provide details about the product and brings in many customers for your business. The other source of lead generation is creating business cards. You may provide such cards to many people. This will help to promote your product at low cost.
3. Mini Sound Bite: This is another way to MLM promotion. You may create CDs or DVDs and distribute them to various customers. This will provide all the product details to consumers and is one of the best ways to attract new customers. You may also promote your product through radio. All these will help for increasing the sales of your product.
4. Magazine or newspaper: This is another method of getting leads in network marketing. You can place advertisement of your product in popular magazines or daily newspapers. This is the best method to attract readers and make new customers quickly. It is wise to provide short and necessary details in the newspaper or magazine. The advertisement has to be attractive. Newspaper can be costly, but with some useful techniques, you can make quick return on investment. At the time of placing advertisement, it is important to use proper wordings.
5. Internet: You can also promote your product through the Internet. This is one of the easiest ways of advertising and is cost saving. You can gather many consumers through Internet.
These are some of the best techniques of MLM advertising. You can choose these methods to promote your product and grow your MLM business.
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"Do You Know These 7 Deadly MLM Mistakes 95% Of Network Marketers Are Making?"
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Eric Su is a professional internet marketer. Visit His Blog: http://internetmlmunderground.com/blog
Article Source: http://EzineArticles.com/?expert=Eric_C._Su http://EzineArticles.com/?MLM-Advertising---5-Tips-For-Advertising-Your-Network-Marketing-Business&id=2401410
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MLM Advertising Tips - Click Here For More.
The attrition rate in MLM is really high. I don't have any statistics to show you except my personal experience. If you also interview other uplines from other networking companies, they will tell you the same thing. Lots of new distributors tend to drop out from an MLM program within 4 to 6 months. Then if the drop out/attrition rate for your downline is much higher than the signup rate, then boom, you don't have a business but a leaking bucket.
There are many ways I know of that can reduce your attrition rate. I've personally proven these "attrition minimizing" principles. I'll share to you the most effective way to minimizing attrition and keep your downline growing. If you make this action habitual, you'll retain more people and your downline and you'll have a better chance of achieving massive duplication:
The secret is to invest in the relationship. The relationship with your prospects, customers and signups is the single most important factor that will cause them to stay in your network marketing downline. For example, if people buy products from you, they may pay you and then it will take them just a few days to consume the product they bought (if it's an info product, it will take less time to consume). Fact is, if you invest your efforts merely on making a sale, your connection with people is only short term and fleeting. But if you invest in the relationship, meaning, you work at building value, trust and rapport with people during a long period of time, they will stay with you no matter where you go, what product you recommend, and whatever business opportunity you may be involved with in the future years to come.
Boost Your MLM Downline - CLICK HERE.
