Welcome
Thanks for stopping by. In this lens, I will provide you with information about a MLM or network marketing business plan that increases your odds of success in this business. Research shows that historically only two to three percent of people succeed in network marketing.
This absymal record is a disgrace to the industry and needs to change. As a small step in that direction, here is an overview of a business plan that increases your chance of success, no matter what company you are associated with. The four steps in this proven plan are: leads, sales, consumption, and duplication.
The MLM Business Plan
For sustainable success
The first step in this business plan is to generate targeted leads. This does not mean paying for or buying leads from lead companies. This is about having your own website (not a replicated website) and owning your traffic. In other words, setting yourself up to be the master of your own destiny.
You will need to use the internet to your own advantage to build qualified traffic. This is best done through establishing yourself as a brand. This means that you will need to differentiate yourself so that you stand out as being a unique voice.
Sometimes this can be called attraction marketing. However, what it really is, simply, is using internet marketing tools and techniques to build your business.
As part of the process to establish yourself as a brand, you will need to establish yourself as an expert in an area of your business. This may sound difficult but is actually again a simply process. Once you have decided on the topic area, you will need to develop content for your website. This will enable you to build traffic using internet marketing techniques. In turn this will build your reputation as an expert in the field which will attract people to you. Some of these people will contact you about your business.
A key benefit of the attraction marketing technique is that you do not need to chase leads or prospects. Instead, you set up a system where those who are interested actually contact you. That way, you are only dealing with those who do have an interest in what you have to offer. These people are far easier to work with and you will be more effective in building your business.
Sales Conversion
There are basically two types of sales conversion in this business plan - the products you are promoting and the business opportunity. The first focus should be on the product, as in all likelihood, that is the reason the person has found your site. Then, when some of them show an interest in the business opportunity, you can move to introduce them to the business model and how they can profit.
To convert your interested prospects into sales of either type does rely on selling skills, no matter what anyone may tell you. Therefore, spend some time learning the basic selling skills. It is also worth learning basic web copywriting skills too. However, as you are dealing with prospects that have approached you, in many cases they will have already sold themselves which will make your task easier.
Ongoing Consumption
The success of any network marketing business is based on consumption. Otherwise it is only a "house of cards" that will blow over. Aim to have your regular loyal users of your product or service signed up for auto-shipments. This provides a very effective way of conducting business that enables you to spend more time working on your business, rather than in your business.
Also, there is no reason why you cannot diversify your income streams - you don't have to show loyalty to only one company. Many people will visit your website but only a few will become customers or be involved in the business. There are a number of ways you can work to make money from the traffic you receive so that you can profit. Some tools include placing Adsense to your site, selling advertising space, promoting related affiliate programs, etc.
Duplication
The only focus you have should have is to build a sustainable business. As part of this, you need to coach and mentor your business builders in the same business plan concepts that you have found successful - including encouraging them to be their own unique voice too. Through doing this, you will build a surprisingly strong and loyal downline that is a key strength in your future business success.
So there it is - the business plan that improves your odds of success in your network marketing business. If you put these into action diligently, and adopt a "get rich slowly" approach, then you will experience success in this business to a significantly greater degree than you have previously. Here's to your success!
Net MLM Profits
Helping Network Marketers Succeed Online
Here's some recent content from my Net MLM Profits blog.
Fetching RSS feed... please stand byPersistence Is The Key To Network Marketing Success
What is Persistence?
According to Dictionary.com, persistence is the act or fact of persisting, the quality of being persistent, continued existence or occurrence, and/or the continuance of an effect after its cause is removed.
This definition can easily be applied to any person, whether they have great persistence or just a little. The strange thing is that it seems that everyone has at least a little bit of persistence in them, and in training it can become greater. Just look at children and the way they behave. Children are extremely persistent in that they will try the same thing over and over again until they either accomplish their task or are suppressed by a parent.
For example, when a child is learning how to walk he or she will consistently try to stand every day. Eventually he or she will then take a few steps and fall. That fall never seems to phase them; they just keep on taking those steps until they can walk, then run, and finally jump. That is persistence in its purest form. The child just keeps getting up after falling and taking more steps until the task of walking is finally accomplished. Their persistence continues with learning how to run, jump, and then communicate, read, write, and so on.
This is just one example of persistence, and one that shows we all have persistence within us. Even if you feel that you are not persistent, you are, and you can become more persistent by creating worthwhile accomplishments and gaining confidence in yourself, your work and your life overall.
How persistence can lead to your MLM success?
Persistence is the one thing you need (not want) to have in order to become successful in your MLM business. It takes a lot of hard work, effort, and some failures to create a successful MLM business. The key is in continuing your efforts and learning from your mistakes. It can be difficult to analyze your failures, but it can mean the difference between success and not progressing as fast as you could. When you know what is working great and what is not, you can change it so you are more productive in your MLM business and earn more profits.
Keys steps to take to Become More Persistent -
As stated before, you can become more persistent if you do not believe that you are. Also, your persistence (if you are a highly persistent person) might fade over time with your MLM business endeavors. This requires consistent check-ins and review of your progress to maintaining high persistency!
1. Create Goals: Your goals must always be realistic. When you accomplish even the smallest of goals write them down and cross them off of your list when complete. This will help feed your self-confidence and business confidence and show you that you can accomplish what you set out to, in turn increasing your persistency.
2. Maintain Your Goals: Keep your goals up to date, and don't be afraid to revise them when necessary. Goal planning can sometimes take time to get used to and learn how to do effectively. If you need to revise a goal, do so with no guilt. These are your goals for your business.
3. Planning: Plan for successes as well as failures. Everyone falls before they learn to walk, and even then we fall from time to time. The important thing is to focus on what your successes are and why they are successful and keep doing that, as well as increasing this part of your work. The hard but necessary part is to examine your failures and find out why they didn't work. This will help you stay focused on what is successful instead of wasting your time on work that doesn't turn any profits or accomplishments.
Persistence is the one key nearly every successful entrepreneur holds. Without it, there would be no success because everyone would simply give up. You can become more persistent with the right effort, work, determination, and analysis, even if you are not known for being persistent.
Recommended Resources for Network Marketing Success
- Why 97% of network marketers fail!
- FREE ebook discloses one of the greatest "cover-ups" in the history of network marketing... and... how it's used to keep unknowing distributors "in the dark" about why they're not making any money (I guarantee you've been of victim of this lie at some point... maybe even right now!). Highly recommended.
- Site Build It
- SBI is one of the most popular and respected companies in internet marketing and has a version of their website development package designed specifically for network marketers. They also offer a lot of marketing tools with their product that you won't get with other similar programs. Ken Evoy is putting the "Net" back into network marketing. Full of common sense advice and a wealth of information on how to combine internet marketing with network marketing for ongoing success. Highly recommended.
- Power Prospecting System
- This system is made up of 6 components. 1. Proven Lead Generation Strategies And Tools. 2. Complete Contact Management Console. 3. Cutting-Edge Training Resources. 4. Ad Campaign Tracking Tools. 5. Detailed Statistics. 6. Email Marketing. This resource is very good but a little expensive if you take all the options.
- Instant MLM Sales Letters
- The instant MLM sales letter templates allow you to just fill-in-the-blanks. These are simple (yet extremely powerful) sales letter templates. They save you from just staring at a blank piece of paper or computer screen, trying to figure out what to say to your new prospect or newest distributor. My only reservation with these is that some of the templates are based on the old ways of network marketing. These are still worth using as guides on how to effective copywrite.
Have You Seen The MLM Makeover?
Today, there has been a revolution in network marketing that has been inspired by the internet. Suddenly, instead of having only a limited list of people we can approach, we have people we can contact that are in other parts of our country and even in other parts of the world. With the use of internet marketing tools, we no longer have to use the old ways of network marketing. There are new, cost and time effective ways that can help us grow substantial businesses.
To better demonstrate the makeover that has occurred, let's refresh our memories of the bad old days of network marketing. Often it was the extraverts that succeed in network marketing. They had the ability to develop networks of people and seemed to be able to talk to anyone about anything. Without meaning to be being disrespectful, to me they seemed as if they were born as used car sales people. For the rest of us, we struggled through our list of names (mainly family and friends) and by the end of the list we were friendless or alone.
We were told that everyone was a prospect. The product was so fantastic that everyone would want it. All we needed to do was share - there was no selling involved. If we couldn't make money in the business, we weren't motivated enough. There were "ra-ra" motivational rallies, motivational tapes and dream building. But still most of us couldn't get results from the business. A lot of what we were told or taught was simply lies.
Once we had completed our list of names, we were often encouraged to buy leads from lead companies. We were given scripts so we could call these leads. Often these leads had been sold many times over. Often they had no interest in our particular product or business opportunity. Mostly, we wasted our valuable time and money trying to build a business that we were destined to fail in. That's the unfortunate truth.
With the advent of the internet, a new breed of network marketer has emerged. These marketers are setting new business building records, creating large businesses, and achieving the goals they have always wanted. Many of these people are those who have been previously burnt by the old and unsuccessful network marketing model.
The new business model does not involve contacting your family and friends in the first instance. It doesn't involving buying leads and calling them using scripts. There is no more chasing after prospects trying to entice them into your business. Instead, there is a focus on getting rich slowly but surely through the development of business skills such as internet marketing. Multiple income streams are encouraged and business sustainability is a key goal.
While motivation techniques and dream building are always important for ongoing success, the key motivator for most people is actually learning to achieve results. Once you start getting results, this gives you the motivation to keep on going and to grow your business. In my opinion, this is the best kind of motivation of all. The new business model enables you to start seeing results sooner.
A key factor for the ongoing success of the new network marketing model is the use of what I call "attraction marketing". What this means is that rather than chasing prospects, systems are established that attract prospects to you. That way, you are only dealing with people who have an interest in your product or business opportunity and are looking to do business with you. This makes so much more sense to me than the old systems and processes of network marketing.
As you can see, there have been significant changes in network marketing over the last few years. If you have tried network marketing in the past and been burnt, but still have a belief that this business can work for you, then now could be a good time to become re-acquainted with network marketing again. Just make sure you are dealing with someone who has moved to the new way of building successful network marketing businesses. Here's to your success!
Your Comments Please
Please give me suggestions to improve this lens or what extra information you would like to see. Thanks.
| AnnSieg
Hi Kevin, Posted June 12, 2008 |
| MLMSPOT
Hi Kevin, very good lens with very useful and detailed information. Posted May 31, 2008 |
|
uubird
nice lens. Posted May 19, 2008 |
|
Christopher_Scott
Great lens. Very informative for the MLM Marketer! Posted January 30, 2008 |
| ben_derige
cool lens! Posted January 16, 2008 |
Network Marketing Book Recommendations
If you loved The Ultimate Blueprint of Internet MLM Success, you might also enjoy:
Recent Network Marketing Articles
(from EzineArticles.com)
Fetching RSS feed... please stand by



