Outline for Network Marketing Success
by Tom Kulzer
It
is a well known fact that 92% of the people who
join a network marketing company fail. While this
could be attributed to any number of variables, I
believe there is one that stands out from the
crowd. A vast majority of the people who start in
network marketing are encouraged to do so by other
unskilled, untrained, unprofessional individuals.
When
untrained people are attempting to train other
untrained people, what happens? Simple, you end up
with a lot of untrained people. Well, it simply
doesn't work very well. Every business person
knows that to achieve better results they have to
learn from someone, somewhere.
Friendly
Opportunities:
Most
people are first exposed to the network marketing
business through a close friend or relative. While
this may be a good thing in the long run, you need
to step back and look at the plan very closely.
Before you join any program a friend recommends,
check it out yourself. Ask yourself if you would
join this company if this wasn't your friend
presenting it?
Company:
You
want to check out the company as much as possible
before you join. How long have they been in
business? What does their headquarters look like?
Does it look like they could move out in an hour
without a trace or have they set up in a permanent
place of business? How easy is it to get your
questions answered by a company representative?
What is their pay plan? Do the distributors make
most of the profits or is the company keeping
them? Does the company leadership value your
opinion as a distributor? If they don't, they may
be in this business for their own malicious
reasons and not really care about you. What is the
company motto? Is it your motto as well? Do the
president's values and integrity hold up to
outside scrutiny? What is the company leadership's
record? Have they started other businesses that
have failed or have they been successful in
business before?
Products:
The
products will make or break your success in this
business. Without a good product no one will want
to buy it. Can you buy the very same product at
Walmart for 50% less money? A vast majority of
network marketing companies sell normal everyday
store bought items and tack on an extra 50% for
distributor payout. Would you buy the product if
there wasn't a financial gain from doing so? Are
you excited about the product? Can you
enthusiastically describe the product to a
customer? Does the product offer benefits to your
customers that can't be found elsewhere?
Upline:
Your
sponsor can be a tremendous asset to your business
or they can be leeches. I recommend you get to
know your future sponsor before you sign under
them. While having a sponsor that doesn't help you
won't kill your business, one that does help can
really boost it. Talk to them on the phone, get to
know them a bit. If you do sign with them, it's
very likely you'll have to keep speaking with this
person for many years to come. Can you stand to be
around them? Even if you'll never meet your
sponsor face to face, can you talk to them on the
phone for years? It's important that the two of
you get along or it'll just be a burden.
Training:
Training
involves several key aspects. The first thing you
want to find out is if the company you are joining
already has a business plan or some sort of
outline for new distributors to follow. If they
don't have one, ask your sponsor if they have one.
If they don't have one, I would seriously look for
a different sponsor or a new company. Network
marketing is all about duplication. Successful
network marketers need to have a system for
showing new recruits exactly what they did to
become successful. Other training resources you
should look for are corporate updates,
teleconferences, training videos, and weekly
business building articles. Now even if the
company and sponsor have these materials you need
to do your part by reading, watching, or listening
to them.
Commitment:
I'm
going to say this once. You will NOT get rich
quick. Anyone that tells you otherwise is lying.
Very few people in this business can go out, join
a company, and be making $20,000 a month in their
first month. Only on rare occasions does something
like that happen. I've been with my company now
for approximately seven months and I am only now
starting to see the fruits of my labor. It takes
time to develop a prospect base and it takes more
time to convert them to sales or distributors.
When you join a network marketing company, plan on
staying with them for at least six months.
Although I think a year is probably the real
turning point that will tell you if you're cut out
to do this. As with any new job you have to learn
the ropes before you can really be productive.
When
people first enter the network marketing business
they often take the wrong approach. Very often it
is just a hobby to them because it didn't cost a
fortune to get involved. When they fail, they
think, "oh well, nothing ventured, nothing
gained." If you approach this like you have
nothing to lose, then most likely you WILL lose.
You need to act like just invested $500,000 into
your new business. Then you need to run it like a
business. The more you put into your business the
more it will reward you.
Goals:
You've
found a product you like, a company with good
leadership, a sponsor that supports you, training
materials to teach you, and you've committed to at
least six months with this company. Now you have
to set a few goals. Don't go overboard and say you
are going to sponsor the entire world in your
first month. Set reasonable goals that you know
you can achieve. Initially you should try to talk
to at least a couple new people per week. Aim
yourself to have your first sponsor at the end of
a month. Don't quit if you didn't get them in the
first month. You may just need to talk to more
people per week. As your success builds, set your
goals higher until you reach a level that you are
comfortable with.
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Tom Kulzer is the CEO of AWeber
Communications. Less Work - More Sales.
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