Archive for October, 2010
Be Selective When Building Your Downline In A Network Marketing Company
Posted by: | CommentsOkay, you have a brand new business and you’re very excited. You know it’s a great opportunity because you thoroughly checked it out. You have some knowledge of how network marketing works and you have a great system in place to help those who join you build their business which in reality is also building your business.
So what’s next?
It’s time to build your team. But do you want just anyone who is willing to sign up? No. It’s understandable that you are very eager to build your team but there is a very good reason that I said no.
You want people to join and refer others to your business because they know and trust you. You want them to join because they believe in the opportunity and really want to be successful like you want to be successful.
If they only joined because of all the hype you were feeding them about the earnings, you will not retain them. It can be very disappointed to earn nothing month after month.
Even if it is a lucrative opportunity it must provide a way for part timers to earn.
Many people only work their home based business part time. Some have jobs, children or other situations that prevent them from working from home full time so the opportunity has to be worth their while.
You will not retain a downline for very long if it is too hard for them to earn.
If they need to wear red and blue on the third Tuesday of the month as long as there is a full moon while spinning in a circle to earn, how many do you think will stay? How many will be able to refer others and show them how to duplicate that? Not many.
You provide them with a good opportunity, honest assessment of
the compensation plan, support and a system that they can
duplicate and they have a better chance of growing their business
and teaching the same to their downline.
You want people with a similar mindset joining your business opportunity. Not just anyone you can talk into joining. You will only learn their mindset if you get to know them interact with and observe them.
What do see when you observe them? Do they flutter from business to business, never working any of them past a couple of weeks and then on to the next trend once they have a few recruits because they are on to the next hottest thing.
What do you think will happen is they decide on a whim to join yours?
You don’t want to sponsor just anyone into your business. It takes more than having the ability to afford to get into your network marketing company to make a good business partner.
When you add someone to your team you are working towards a common goal..SUCCESS. Their success is your success. You want to bring those to your team who are willing to learn and become an asset to your team and in turn do for others what you are doing for them.
Be selective or it will never work! If you had a leaky faucet would you let anyone standing outside with a wrench come in and fix it.
Of course not. An untrained person could take a minor situation and turn it into something major that could really cost you.
If your tooth needed extracting would anyone with a pair of pliers and some pain killers do? Sure they could technically extract your tooth but how much would it hurt? Pretty bad I think.
Making choices regarding your business is no different from any other choices you have to make in life. You have to make wise decisions. If you don’t it could hurt and cost you.. big time.
Sure you may get plenty of referrals if you choose not to be selective, especially if you have a reputation of being helpful or a hard worker, but more likely than not they will be lazy, untrained, unmotivated and waiting for you to do it all for them.
Your business will be like a revolving door, people walking in one side and right out the other.
Keep in mind that those are also the same type of people who will be blaming you when they fail at the business opportunity that they never put any work into.
You cannot, nor should you build a business for someone else. When someone join your team they should be an asset not someone waiting for you to hand them all their referrals or downline. If you are going to do 100% of the work then you don’t need a middle man for that.
Being selective and choosing like minded caring people who will in turn do the same will build a better and stronger business for all of you. You will know that they are properly trained and have the right mindset for doing the same.
To Your Success,
Alice Coaxum
Before Paying To Join Any Network Marketing Company.
Posted by: | CommentsYou just heard of a great opportunity. Several people you know are involved with the company and they tell you that his is the one and you need to join now!
You are so excited. It sounds like such a wonderful opportunity. People are earning already. You know how much it costs to join and you have the money.
Halt, stop, do not pass go and do not collect 200 dollars.
1. Have you checked the company out? You can Google the name of the president of the company. Check the company out with the Better Business Bureau and see if the company is reputable or if they have been involved in any business scams in the past. If so be wary of dealing with them.
If they have been unscrupulous in the past do not assume that they have regained good business morals or a conscience now. A good company will run their company well and their aim is not to cheat you. They have integrity.
2. Did you find out how long the company has been around? Timing is important. It is best to not join a company that has just started up. Most companies fail after two years. Where would that leave you? If they make it to three or four years, join then. It will be just as good or better than what they are hyping it up to be now.
3. Have you really investigated the product? Is it truly remarkable? You want a product that people want, need or just have to have. While it is good when you can use a product you market, do you absolutely have to use it? No. It is for the customer and does not have to be for you. Example: A man selling make up or a woman selling vitamins for men. Find out what the people want and give it to them.
Also is the product you will sell available online or in a store for less than you will be asking? If so, where do you think customers will go? People will go to who ever is selling the product for the cheapest price.
4. Have you truly checked out the compensation plan? If the company says you can make 12,000 per month or even 40,000 a month have you checked into how much volume it will take to do that or if your pay plan is even based on volume?
Is the compensation plan based only on referrals? Does the money stop when you are not recruiting? Those are things you need to know. You also need to know what type of plan it is. For example: If it is a matrix plan you may need thousands of referrals to achieve your desired level of pay.
If the company is offering spillover it can promote laziness. Many people will join and do nothing thus waiting for you to build their business instead of contributing to the business. Are you willing to pay month after month or year after year to be in a business that will be almost impossible to get the extremely large amount of referrals needed to achieve the monthly amount of money the company is offering?
Also if your plan is a 4X6 matrix for example: Do you realize that you will not make money on levels 7 on down. What if that is your strongest level? Or what if level 9 is? It does not even matter because you will not get paid on the levels outside of your compensation plan.
5. Can the system be duplicated? If you can not train your sponsored team members to do what you do or if the one who sponsored you has not taken the time to properly train you how far do you think your business will go? People who do not earn money get frustrated and they will drop out of your business. You need a system you can use to train your sponsored members so they are prepared to help build the business.
In addition to these five crucial steps do not hesitate to ask for a companies policies and procedures. That is a binding contract between you and the company. What is in there could seriously affect you. Would you knowingly join a company that could terminate you at any time for any reason or even steal the members you worked hard to sponsor and mentor? Of course you would not, as that would be the equivalent of the company stealing your earnings, but if you do not read the contract you will never know until it is too late. Better safe than sorry.
Gain knowledge. Apply what you learn.
Alice Coaxum
Make The Best Of Your Time With A Schedule.
Posted by: | Comments
Manage your time effectively.
Time is one thing that we cannot save for later. We simply cannot go back and use leftover time. Once it passes it is gone so it is best to use it wisely while it is here.
If you find that you are having trouble trying to fit everything you need to do in a day, week or even a month then a schedule may be just what you need.
To best maximize the time you have you need to first figure out everything you need to get done.
Start by creating a monthly schedule that covers Sunday through Saturday and has the days broken down by hours.
Then you will want to block out times for sleeping, bathing and dressing, hair styling and make up and fill in daily meal times. These are set times that you will not be available to do anything else so by filling these in first you help ensure that you do not make a mistake with scheduling your time.
Next you will want to write everything down that you need to get done in a month. Include Dr. appointments, work, exercise, meal preparing, studying or reading and any other activities you participate in.
If you work from home you may want to even break down a list of all the activities you need to do to work from home and place this on the schedule as well. This list will vary from person to person.
Having a schedule can keep you from scrambling to get things done and getting overwhelmed.
Now you need to give each item a number from one to ten, prioritizing each activity. Those labeled from numbers one through five are the items you want to put on your schedule first, things that must be done on a daily or weekly basis.
Finally place the items from six to ten on your schedule. Some of these activities may be things you only do every two weeks or even once a month so schedule accordingly.
Be sure to schedule time for relaxing and spending time with your spouse, children or family.
Do not feel bad if you accidentally go off schedule from time to time. Life happens and sometimes the day does not go exactly as planned and you may even have to go back and revise your schedule, but if you are having trouble getting things done a schedule can be a great tool to help you stay on track.
To Your Success,
Alice Coaxum
Be Yourself, You Are Not Your Network Marketing Company.
Posted by: | CommentsBrand yourself. Do not typecast yourself as some company. Be yourself. With all the people who may be working with that same company, using variations of the name, there is only one you.
You are much more than the company you are in. Let people see the real you.
Use your real name instead of hiding behind a fake one.
Example- That Money Making Person or Get That Money.
People want to know that you are real. So if you do market under a variation of your network marketing company name make sure that your real name is known too.
Upload a picture of you to your profile page. Let people see who they are communicating with. A photo of money or your company name for example is not as effective as your smiling face. Show you are real person.
Take the time to get to know people. Do not constantly shove your company in their faces.
Most of the time people join other people in network marketing companies because they know and trust them.
You can have in your possession the best opportunity in the world but if people are not feeling you, they will not join your opportunity. You will have as much chance of them joining as a person does when they place an ad.
However if a person is into you as a person and trusts your instincts and opinions they might take that leap of faith and join you and may possibly follow you anywhere.
Network marketing is a relationships business, not just a sales business or just a numbers business. You cannot be a successful network marketer if know one knows who you are.
Remember that companies may come and go but you will still be around. Do you really want to be “typecast” as a company that may not exist in the next year or so.
What if the company turns out to be a scam? Is that all you want to be known for?
Do not hide. Be yourself and only yourself.
Brand yourself. There is only one you!
To Your Success,
Alice Coaxum
How To Make Your Blog Comments Work For You.
Posted by: Alice Coaxum | Comments (0)Commenting on other blogs can achieve several things depending on how you approach it.
Your comment can start or contribute to the conversation surrounding the blog topic.
Your comment can let the blog owner know that you enjoyed or learned something from their post.
Your comment can provide a link to your website depending on how the blog comments are set up as some blog allow you to write a link and when someone clicks on the name you used to comment they will go straight to your website.
Your comment can wind up getting deleted.
The first three before mentioned points are what you want to strive for when commenting on others blog posts. You want your comment to be an asset to the blog conversation.
Think before you comment. Others may read your thought or opinion and that is a direct reflection of you.
Do not leave a comment if you have not read the article. You would not believe the type of comments I have received that clearly revealed to me that not only had the commenter not bothered to read my blog post but they also did not skim through the post to even see what it was about before commented.
When you comment without reading and it is obvious it makes you look foolish to all who read it if the blog owner permits commits without approving them.
If the owner has to approve your comment what do you really think the odds of that happening are they will be able to see that your comment is only there for the sake of getting a back link or spamming your opportunity?
Never promote your opportunity on a blog post in the comments section. It is very rude and more than likely it will end up getting deleted.
When someone decides they want to do a full page ad spread in the comments section of my blog post I send it first class to the virtual trash can.
This method is a time waster.
You only get one time to make a first impression. Contribute, participate and be an asset to the blog owner when commenting.
This applies to blog hopping as well. Remember that some actually read blog comments.
Let the blog owner know what you liked about their post or what their post taught you.
Someone may actually click on your name or site after seeing your comment if it interests or intrigues them and they want to learn more about you which could bring traffic to you.
If they like what they see they may become a subscriber, purchase from you or share what you have to offer.
Make your comments work for you and not against you.
To Your Success,
Alice Coaxum