Network marketing is hard. Don't even attempt a home based network marketing
venture unless you either have or plan on putting into place a highly potent
and highly duplicatable network marketing system geared for 2005 and beyond.
Before I tell you what a perfect network marketing system should look like
lets talk about what doesnt work. As Im sure you probably
know, network marketing is notorious for having a 95% failure rate. Lets
talk about why.
Have you ever heard of Occams razor? Basically it states that the simplest
explanation for a phenomenon is usually the best. Well use this theory
to explain why 95% of network marketers fail.
Ready?
Most network marketers fail because the marketing methods that they are taught
dont work 95% of the time. Pretty simple right?
So were led to ask the logical next question, what are most fledgling
network marketers taught?
Well, I can only speak from my experience, but what I was taught was to buy
and cold call leads.
Now, Im not going to say this doesnt work, but I will say is
that after six months of cold calling leads for 3 hours a day with very little
success this tactic doesnt work most of the time. Dont get me
wrong some people are very good at cold calling leads, but most people
arent.
What happens to most people after theyve spend thousands of dollars
on leads with very little success after months of effort?
They give up.
Additionally, another factor contributing to why most network marketers fail
is the leads they use. Why does the type of leads make a difference?
Business opportunity leads are generic. The leads answer an ad that just
asks them if they want to be financially free, or make money from home.
Well , of course they do...
but that doesnt mean they want anything to do with YOUR network marketing
program. When the average network marketer calls these generic bizz opp leads
the leads dont know anything about the network marketers business
and for the most part honestly really dont care. This leads to the
fledgling network marketer hearing a lot of "NOs".
Hearing NO all the time leads to quite a bit of self doubt, both about the
network marketers own ability and the validity of their association with
their network marketing company. Negative feelings begin to harbor and as
I said before eventually the network marketer gives up, usually with 3-6
months.
The fledgling network marketers perception of their business goes
from one of opportunity to one of comlpete doubt and negativity. Reality
follows perception, so because the fledgling network marketer believes both
themselves and there business as having little hope this becomes TRUE.
Thats basically why 95% of network marketers fail if you asked me.
So how do we change this paradigm?
We build a Perfect Network Marketing System!
Now we get to the good stuff! What does a perfect network marketing system
look like?
For the average home based network marketer to be successful certain thing
MUST be in place. I will list them here:
Lead capture page designed specifically for specific Network Marketing
Company:
This page must contain strong sales copy that tells the prospect why he wants
to opt in for more information. The best way to do this is to offer a High
Value Free Report in exchange for there contact information.
Free Report specifically designed for Network Marketing Companies
Opportunity:
The free report must be highly informative. It must explain all of the features
and benefits of joining the network marketing organization as an independent
distributor and must focus on the support and resources available to the
new recruit should they choose to purchase a distributorship. The companys
products and compensation plan must be clearly explained here as well. If
possible, testimonials should be used, as they are extremely powerful sales
conversion tools in this portion of the sale process as well.
Follow up Email System:
Attached to the Free Report there must also be a follow up system that
continually markets through email the program to the lead. Most leads dont
act immediately and must be marketed to at least 7 times before they take
action. The email follow up system must have strongly worded sales copy and
must have a system for getting through spam filters.
A Continual Feed Back System that uses the Fear of Loss:
Along the with email follow up system there must be a feedback system that
will alert the prospect by email when new prospects opt into the system and
invoke the fear of loss during this process by telling the prospect that
if the next prospect in line upgrades to a paid position before he does then
he will forever loose commission on that prospect. This is an extremely powerful
psychological tool.
Strong Support:
Its one thing to get someone to buy a distributorship, but its
a totally different thing get them to work the business effectively. There
must be an email follow up system once a new distributor signs on to ensure
that he receive adequate training on how to market successfully. There must
also be human support at this point. So, there must be strong relationships
built between upline and new distributors.
A Good Product or Service:
In order for this entire marketing process to work, the system must be back
by a strong and ethical network marketing organization that sells a high
demand product that people need and would purchase even if there were no
compensation plans attached to it.
You:
You must be an active part of your business. You must be willing and open
to learn new ideas and tactics at all times. You must have a passion for
your business and truly believe in the product that you plan to build your
organization around.
In Conclusion:
Ive listed the basic components a of a perfect network marketing
system. This system will involve NO cold calling because the prospect will
opt in to request more information specifically about your business before
you even talk to them.
Cold calling generic bizz opp leads and hearing a lot of NOs is what
causes most network marketers to fail. We want to avoid this at all cost.
This is what this system is designed to do!
By having your prospects opt in specifically for more information about your
product and business plan and then by giving them a detailed report explaining
all of the above before you even speak to them your chances of a successful
sales conversion will greatly be increased. The email follow-up and fear
of loss systems will increase your chances successful sales conversion even
further. These factors will cut down on the number of NOs that the
you must endure before success. This will increase your home business's
duplicability vastly.
Further, having uniform training and exceptional support are the basics and
must be present.
So,
Before you spend another dollar on your network marketing efforts ask yourself
if youre using a perfect network marketing system. If your answer is
no and you arent having any success then ask yourself what you can
do to change your system to one that will work for you and your future
distributors using the principles that I have detailed above.
Network marketing can certainly make you rich, that is if you have
the perfect system in place!
So how does someone decide
which
home business is right for them? Research is the key by reading honest
articles from a variety of sources. This web site seeks to collect
a host of ideas and opinions on a variety of business ideas that your
can read and assess for yourself.
Good luck - live long and prosper!
The Perfect Options Team
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