Search

 

 

New Page 1 New Page 1

Informative Articles

10 Critical Questions to Ask Before Hiring a Consultant
Talk to as many consultants as you can before hiring one. Even if you have one person or firm in mind, interview at least a few others as a sort of due diligence. You'll probably find that each interview helps you focus on the issues you're...

Business After the Iraqi War
The rewarding of high compensation packages to top executives who turned over weak quarterly earnings, or who were involved in corporate scandals, adversely affected short-term investing, and collectively contributed to the downturn of the...

Dialogue: The Four Dialogic Principles For Successful Communication
"But you don't understand!" exclaimed the manager, "this new initiative is vital for our team. If it doesn't work we could all be out of a job!" "Uh-huh... Really... Explain to me again how this new initiative is so different from previous...

Good-Bye Bobby Knight And All The Sales Managers Like You!
The recent dismissal of Bobby Knight as the head coach of Indiana University should mark as big a change for sales management as it did for coaching. For years it was popular for sales managers to abuse their staffs with tirades and threats. I...

Sales Partners - Agents, Distributors, Licensing and Franchises
When I'm speaking with clients who are looking for ways to expand their business the conversation often comes around to the possibilities of using agents, distributors, licensing arrangements or a franchise. These sales partners have a lot to...

 
Which of These 7 Mistakes Are You Making In MLM?


You've done it. You've signed up with a network marketing company. You're ready to get started with your teams advertising system. You're ready, set, go. All the ads hit, you're excited. Like a kid who can't wait to go to Disney World, you wait for the responses to pour in.

After 2-3 days... Nothing.

Why didn't anyone respond?

Don't worry. You're not alone. Matter of fact, this is a common scenario in MLM. People get jazzed, sign up with their uplines co-op, fire off a few hundred emails, get the postcards, and nothing comes of it.

Marketing experts they are not. You, of course, are smarter than that, which is why you're reading this special report right now. You want to know the top 7 mistakes people make in MLM, and you want to know the solutions to them.

Here they are:

1.) ** Using "Institutional Advertising" **

Institutional advertising is advertising that does not focus on your prospects. Rather on you, your company, your pay plan, your products, your bonus pool, your packaging, or the sales people at the home office.

Anything that does not focus solely on your prospect is institutional advertising. Think of Coke-A-Cola. That's institutional advertising. Their sole purpose is brand their name into your mind. That way when you get thirsty and want a soda, you buy a Coke.

You must focus on your prospects ego and their desires. What they want takes priority over what you or the MLM company you're with wants. Tell them what's in it for them.

Solution: Create prospect focused advertising and drop your ego and appeal to the prospects ego.

2.) ** Fell Into Management Mode **

This one is a biggy. In order to make money in network marketing (or in direct selling) the life blood is new business. For the first 2-3 years new business is what drives your income.

If you spend all of your time managing people and none of it actually acquiring new business you'll fall into a mode where your income levels off or just drops. This is management mode and it will stop you dead in your tracks from making long term income from MLM.

Solution: Always be moving forward, building your group. Leading by example. By building.

3.) ** Making MLM Your Business **

One of the most sobering and completely real facts of MLM is that you do not own your own MLM business. At any moment in time the network marketing company you're with could shut it's doors, change it's policies, cut the popular products (not likely, but happens) or any number of things that would instantly stop your income or cut it by 50%.

Making MLM your business limits you. Stops you from seeing all of the possibilities outside the MLM industry. Instantly turning your income into something that is in reality, not yours. Make MLM a part of your business. Not the sole reason it exists.

Solution: Expand your business into other areas. Not just MLM.

Associated Websites

Associated Websites

 

Our Blogs are on UK small business and being a UK freelancer or contractor as well as website marketing and web design. If you are a biker we can help with your motor bike insurance.

 

We have a site for contractors  and sites for HomeloansUK and PR-Help. We provide Branding help and offer Free-Marketing-Help and help for IT contractors. For E-commerce information, visit Small-Business-Web. We offer Page Rank Web Links and Cheap Home Loans Direct plus 0-BadDebtLoans and more Cheap Home Loans Direct. Our sites also help with Negotiation of any Personal-Secured-Loans. Our site called Management-Today can help you Innovate-Today, but for more loans go to 1st4HomeLoans.

 

Our HomeLoansUK site is affiliated with Branding and TrafficBuilding sites and Sales technique site. Also on offer is Beauty-Online and FreeNetDesign. If you are a  contractor and need help with a Small-Business-Web then our E-Commerce site is great. If you want Easy-Mortgages or even 1st-4-Tenant-Loans go to 5-Star-Mortgages. We help find Cheap Kitchen Appliances and Low Rate Home Loans. For the IT contractor, EstuaryFinance can refer you to our Online IR35 Compliance site for help with IR35.


/>

4.) ** Not Being Personal **

MLM takes time, money, more time and more money to develop. As does any profitable business. However, in the day of emails, fax machines, web sites, online video, and super technology, it is easier than ever to forget you are working with real live people with real live problems and worries.

Adding a personal touch to the process will build your credibility, and build trust with those you plan on working with.

Solution: Add a personal touch and build trust

5.) ** Not Being Realistic **

Technology makes it easier for you to contact more and more people at an ever growing rate. Which leads some people to hype up their claims. Hyped up claims are not always so outrageous they instantly appear full of hype.

Some of them are subtle, like, "No direct selling." Which seems like a benefit, because people hate to sell. In truth, direct selling is network marketing. You are not as aggressive about it. But you will, and always be selling something to someone.

Solution: Be Realistic and understand network marketing is a selling business.

6.) ** Losing Focus **

Losing focus is easy. Thousands of ways to advertise and reach your market exist. Pick 1 or 2 or 3 of them. Not all of them. Focus on what works, and drop what doesn't. If you know it's not working after a few weeks, don't do it anymore.

Truly effective advertising works in just a short time. Not 3 years. Save yourself time and money and find an alternate way to reach your market once the way you're using proves itself to be ineffective.

Solution: Focus only on one, two or three advertising strategies at time. And focus on them until they prove to be ineffective.

7.) ** Becoming a Computer Jockey **

A Computer Jockey? What's that? Computer Jockey's are people who sit there in front of their computer and try to work their MLM business completely online. 24 hours per day, 7 days per week.

This is just insanity. While the world wide web does offer more affordable ways to reach your market. It isn't the only game in town and placing print ads and sending sales letters to people offline is not only effective, but sometimes more effective.

Solution: Try advertising offline as well to expand your reach.

Respectfully,

Joe Schroeder

(Published by Jason Clark)

Joe has authored 32 audiotapes, eight manuals, booklets, featured on the cover of Upline Magazine and Six Figure Income Magazine.

Find out who Joe recommends for generic training and leads by visiting http://www.BeAMLMHeavyHitter.com

“Have a web site or newsletter? Feel free to use this article to add valuable content for your business. I only ask the author BYLINE stay intact and unchanged.”

themechanicsofwealth@yahoo.co.uk