How
to Find, Sponsor, and Retain Leaders to Grow Your
Network Marketing Business
Part I - Finding Leaders
by Stephan Iscoe
Network
Marketing is a great business that offers many
people the ideal alternative to a traditional job
or business.
Do
you know a better way for the ordinary person to
achieve independence from the tyranies of working
for someone else or from the day-to-day headaches
of running a business?
It's
terrific being your own boss and in control of
your own time and financial rewards.
Sometimes
the biggest problem in MLM is what to put on your
business card: President, CEO, Marketing Director,
Independent Agent or Queen of the World.
We
tend to overlook the other important roles of
Envelope Licker, Gopher, Secretary, Accountant,
Student, or the most important role in your
company - Chief of Staffing.
(Part
I - Finding Leaders)
Recruiting is the
lifeblood of your MLM business; yet we tend not to
treat it as a vital professional function. Most
people base their efforts on some pretty haphazard
MLM industry approaches.
How many times
have you heard, "It's a numbers game"?
The theory being that if you talk to enough folks
some will try your product, some percent of those
will become distributors and some fraction of the
distributors will evolve into leaders.
Do you know what
the standard industry conversion rate is?
Neither do I.
How about your
personal conversion rate?
Out of 100 people
you talk to, how many buy product, become
distributors and go on to be leaders? Probably not
enough.
So let's re focus
our efforts. Your goal for a successful network
marketing business is to find, sponsor, and retain
leaders.
These are the
You,Inc. Division Heads. These are the people you
need to apply successful traditional business
methods to recruit and keep.
You'll want only
the best people on your leadership team. To
attract them you need to know what they want and
be prepared to deliver it.
The top people want
to be associated with other successful people in
the best companies.
For now, let's
assume you've already applied our training in
branding and market positioning and that Your
Company is seen in the best light.
There are two
things that have to happen - you have to find
candidates or they have to find you.
Ok, let's look at
just one way the top Executive Recruiters go after
talented individuals:
Always be on the
lookout for above average folks - people at the
top of their profession, clerks who give
outstanding service, an impressive speaker,
columnist, anyone driving with vanity license
plates. Introduce yourself and say you were
impressed with their speech, car, service, etc.,
hand them two of your cards and state that you
would like to talk to them if they ever consider a
career change or business opportunity. Then be
quiet and smile.
Now it's their
move.
They will either
say thanks-but-no-thanks, or they will ask for
more information.
If they say no
thanks, just ask them to hold on to your card or
pass it on to another sharp friend. If they want
more information, then set an appointment. Yes,
resist the urge to launch into your technicolor
brochures and laser-light presentation.
Professionals
work by appointment; even if you set the
appointment for 15 minutes later, on their break,
or over lunch - set the appointment. We'll come
back to the interview appointment after we examine
the other scenario -
Q: How do
candidates find you?
A: Handy
In order to attract high caliber folks you must be
positioned and perceived as a leader with the best
opportunity with the premier company in your
field. You craft a Marketing Message and
Customer-centered Benefit Statement that perfectly
conveys your advantage over the competition. Now
you will communicate this message at every
opportunity and through every appropriate media.
Here are a few online and offline places to
deliver your message:
- Weekly and
local business newspapers
- Networking
Business Clubs
- Professional
Associations
- Church
Directory
- Personal
Letters
- Talk Show
Guest
- eMail
Newsletter
- Online Chat
Rooms
- Internet News
groups
- Online Free
Classifieds
- Billboard
("You could of stayed home today - our
managers Telecommute!")
- Trade Shows
Craft your ads so
that they help disqualify inappropriate
applicants. Your goal is to interview, qualify and
sponsor high potential candidates.
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Stephan Iscoe publishes the MLM Profit Letter, an
online Newsletter featuring tips, strategies, and
secrets that will skyrocket your MLM Profits! Get
12 Free Issues at http://MLMProfit.net,
A Practical Resource for Networking Marketing This
article copyright 1998, Stephan Iscoe, MLMProfit
Network. Permission granted to reproduce, copy
and distribute this article only in its entirety
and including this statement.
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