Your First 30 Days in MLM and 2 Ways To Profit
“Network marketing gives people the opportunity, with very low risk and very low financial commitment, to build their own income-generating asset and acquire great wealth.” ~ Robert T. Kiyosaki, Entrepreneur and Author
So, you have joined a Network Marketing Company and you are excited about the potential to build a thriving business. Hopefully, you have a supportive team and Company and there is a plan in place that you can duplicate. If so, now is the perfect time to consider what ACTION you have to take during the first 30 days to develop an income.
In the Network Marketing Industry, there’s basically 2 ways to generate an income. These are:
Although there are a few steps involved with each process, we’re going to focus on what you should know to get a jump start and to turn a profit in the first 30 days to build your online business.
When you attended your company meeting, or you were exposed to the opportunity, clearly there was something that made you a believer with your company and what they’ve got to offer.
Whether it was the comp plan, the products or maybe the culture, you found something that you felt you could tell others to help impact their lives like yours was impacted.
When you are sharing your products or services and gaining customers, your passion, belief and enthusiasm are critical. However, there are several additional elements you’ll want to consider before climbing to the top of the mountain to spread the word about your Company and their products with the world, which are:
- What need does your product or service provide to your customer?
- Who wants what you have to offer and are they ready to buy today?
- Why do they want it? (What benefit can they get from owning and buying your product or service?)
- Why must they purchase it from you?
We are often convinced about the benefits of our company products and the way everyone could benefit from them. But, you want to think about the needs of your potential customers and exactly how their quality of life will be improved from buying the product or service.
But, at the end of the day… in order to retail as much product as possible, you will have to implement the sales process, which is:
- Create a rapport with all your potential consumers
- Ask questions to establish a need
- Share the way your product will solve their problem
- Obtain the commitment and Close the sale
The more conversational that you are with all your prospects without trying to “push” the sale on them, the more you’ll find them closing themselves on the products by simply asking them the proper questions and allowing them the liberty to communicate and reveal to you just what their hot buttons are that you could sell them on!
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The actual leverage in building your organization is in developing a team of people which duplicate your efforts, while improving the volume and profits of your respective organization. This is truly the most feared part of the business because we sometimes associate our “new recruits” with family and friends that we assume could very well avoid us at the next family gathering.
Recruiting however, can be the most exciting part of the business when you “change your mindset” as to what recruiting actually is. Although you’ve got personal numbers and goals you would like to meet so that you can earn a nice paycheck, recruiting shouldn’t simply be thought of as a payday. It’s actually the opportunity to impact and alter someone’s life, while opening a door to help them to discover financial freedom including a totally new way of life.
There’s a whole lot more to joining a Network Marketing business than making money. Of course that’s a critical component of why people join, but additionally, there are the benefits of connecting with positive people, enhancing self improvement and learning your weaknesses and strengths. There may also be the possibility to go to places you never imagined, perhaps even potentially work for yourself fully, without ever returning to clocking in at a Job.
The minute you can learn to interpret the benefits of your brand-new Network Marketing business, you will see that individuals are anxious to go with you to the next meeting, in order to meet some of the inspiring leaders that you’ve been boasting about. It is very important to tell the stories of others that have experienced success, if you don’t yet have your own stories, yet. It is also important to edify the Leaders in your business.
To recruit effectively, share the many benefits of being connected, rather then forcing them in for a paycheck. Being connected to a team of like minded entrepreneurs working together for a common goal is very appealing to help attract prospects into your business.