Internet network marketing has become such as huge business especially for those who want to start on their own or for individuals looking for a second job.
Affiliate marketers can earn money in two main ways. First is by retailing and selling the products available to them at wholesale prices and second is by recruiting or sponsoring people into the network.
The growth and success of the network or MLM or multilevel marketing company will greatly depend on your ability to gain more recruits and improve your downline. Here are tips.
Internet Network Marketing – Provide the Privileges
The first step to successfully sponsor individuals is by introducing your company. Let them know what your MLM business is all about. Indicate the particular market that you belong to and provide some details about the company such as its history and background.
Tell the potential recruit how the company started, who are the people behind it and how long it has been operating. It might also help to include the location of the main office or headquarters and if the company has international connections.
Next, tell the person about the available products based on the industry you indicated. Make this more interesting by providing samples of actual products or photos and full descriptions of each. If there are several products in the collection, indicate the main or the most popular items that they most likely have heard of. Review this carefully and let them first know about the health or cosmetic privileges of the product, such as describing the herbal supplement, nutritional beverage or cosmetic product.
Internet Network Marketing – The Ways to Earn
To sponsor people into your network, let them know how they can make a business out of the available products. Indicate the benefits of earning by retailing the products, as well as recruiting or sponsoring more people into the network. Generally, recruits can earn money by buying the available products at distributor or wholesale prices, and then reselling these at a profit. The more items you sell, the bigger your income. Most companies also offer perks and bonuses if you reach a certain quota per month. You can even be upgraded to the next level and earn more every time you reach a quota.
As for the recruitment scheme, it will be best to present the business plan and opportunity. You have to make a chart or map for this to show the person how the entire system works. Most MLM companies follow a binary approach, although there are also other ways. Be careful about pyramid schemes that only benefit those on the top line. Tell the potential recruit that he can earn more money if he invites people into the network, and if he enhances his downline. The better his recruits perform in sales, the more residual incentives he gets to receive.
Internet Network Marketing – Drive More People
It’s best to stay visible so you can sponsor a lot of people into the network. Establish a brand or name for yourself so you can always be regarded as a reputable and professional marketer online. Use the different online marketing tools and techniques to bring huge amounts of traffic to the website or page. Make sure that the content is helpful and interesting. Update every now and then to keep people interested.
The power of internet network marketing is in the group of people you are marketing with. Without strong support you are as good as DOA (Dead On Arrivial).
The power of being in a community is 10x’s stronger than trying to go it alone. Just by association your business can take a life of its own. Imagine not having to convince people to join you. Imagine people just wanting to throw money your direction.. Yes it does happen. And yes it can happen for YOU!
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Hi Larry, Very interesting post, however, I think it is to one’s advantage to build a relationship with their future recruits before going into info about the company. In this way, you might discover they are not suited for your company and what you have to offer and it won’t work out in the long run. If you know a persons needs, wants, desires, and problems it is easier to determine this.
Diana
Diana is right. If you pick the wrong people you might find out you’ve wasted your time trying to convince them why do you own a worthy company. Still, MLM seems a good way to gain some money.
Hi Roger, when I first got involved in our industry I did end up bringing the wrong people into my business. What I didn’t realize is I was attracting the wrong people through my words and expressions.
It took a little bit of studying and trial and error. Most times though when someone gets involved with me in something.. We have already have similar interest.. For example: I have had several people join businesses with me.. I never mention that fact that I use to play saxophone in school.. Ironically some of the people that have done stuff with me also play sax..
Coincidence? Maybe? Maybe not…
Hi Diana, If you apply the laws of attraction correctly, you will never have to see if anyone is a right fit for your business.. Simply because you will be attracting people who have similar interest and passions to yourself.
So if they are attracted to you, they will be attracted to what you do..
Hi Larry,
Great post! Happy new year to you. I’m still new in this business and still learning things this post of yours is realy a big help to me.
I am glad you enjoyed it Peggy..
With a significant stream of high quality traffic for your blog, you’ll be able to generate leads on a daily basis. And when you have more leads than you can possibly talk to, you will not feel any rejection or whatsoever. In addition to not feeling rejection, your posture will significantly increase as well because of good advertising and reaching to other people.
Right on the money their Mika.. Thanks for sharing!
Hello Larry…like your strategy its simple and highly effective and productive too.
As I am agree and like your last line that is the power of internet marketing is in the group of people and without strong support we are just DOA.
Anyway thanks a lot for this important sharing.
I have ran into this time and time again.. Actually yesterday I had a skype conversation with a friend I made online.
I know her for about 5 years.. She was asking me where are some of the places I am promoting a product we both promote..
I was like “what did your sponsor say”
Here reply was nothing, I was passed up and haven’t heard from him since. This happens all the time.
Don’t just do business with someone because their message is all hyped up. Really look for a community of people who are genuinely working for the good of everyone..
They are out there you just need to look for the right group.. Working with the right people makes all the difference..
Hi Larry, what a great post. I am new to Internet network marketing and I am currently learning things about marketing. Happy New Year Larry.
Hi Natasha, I wish you all the success in 2012… Thanks for stopping by and commenting..
I’ve wasted a LOT of time in the past trying to help others make money online through various couching techniques (while earning a commission from referring them to quality networks.) I’ve seen every type of persona imaginable by now. My best advice (to add onto of things you’ve already mentioned) is to create a “leaderboard” factor to how you operate. Once I put my clients “against” (but not in a bad way) each other in a competitive nature, the among of progress they all gained in those first few weeks was astonishing.
Bottomline is that most of the people I tried this experiment on saw an increase in revenue and leads, meaning I saw a pretty incredible spike in revenue and word-of-mouth referrals from happy people.