Five Steps to Increase Your Leads and Network Marketing Business

In a network marketing business, we need a proven system in place that is designed to generate great customers that will consistently invest in our products and services. In addition, it must be made to nurture those clients to come back for more. Hence, I have come out with a five steps system that will do the magic.

Step 1 – Define the goal of your business and develop a plan

It is important to identify the general purpose of your business and what you aim to achieve. Why? Because this is the life blood of your business and by realizing your vision and goal, it helps to reinforce your belief and this will propel you forward even in disappointments and setbacks that you may encountered in the business. Therefore, when you know the purpose of your business, it enables you to develop a successful plan to achieve your goals. So the key fundamental here is to make a plan of what you want to accomplish and how you are going to attain it. Be specific.

Step 2 – Identify targeted and hot potential prospects

As a business owner, it is important to outline what defines a potential prospect. Your perception on a good customers and partners will affect who you will approach to or share your business with. Therefore, the quality of your business leads lies in this identification of your market and the people that you should make contact with often. Consider carefully and differentiate your prospects into hot leads, warm leads and cold leads. The hot leads are those that you consider who are likely to become your committed business partners, while warm leads are those that may be your partners but lack the drive or ability to share your vision. Cold leads belong to those with least chances of being your partners but are highly become the customers of your product. They are not necessary interested in your business. With this, start focusing on the hot leads while less time on the other two.

Step 3 – Design your contact strategy

Identify why people should buy from you and why they should join you in the network marketing business. Most network marketers use only word of mouth marketing to establish their business. However by limiting themselves to one method of contact strategy is to restrict them of the possibility of success. Hence, develop more strategies and monitor the result. This will greatly improve your chances of getting more business.

Step 4 – Train your business partners or associates

For many network marketers, one of the frustrating challenges can be the lack of performance from their downlines. Most of the challenges are due to the lack of training, structure, systems and support to assist them.

The solution here is train them properly. To improve the performance of your business partners, there needs to be consistent training in specific skills sets that are vital in network marketing. First, you can conduct regular training to inform of the benefits of the product. In addition, conduct training in communication and relationship skills to help build rapport with prospects and customers.

Step 5 – cultivate, teach and retain

You need to continually teach your prospective associates as well as to nurture your relationship with them. This will enable you to retain your profitable partners and customers for as long as possible.

The key here is to find ways of adding value to your prospects and customers by helping them to either get more benefits from dealing with you and to exploit your selling opportunity. This can be done by making them aware of all the products and services you offer.

The Essential Elements of Your Network Marketing Business and Why You Should Care

There are too many definitions of what network marketing is these days.

Some folks’ll say that network marketing >is all about sharing. Some will say that network marketing is a business model that rewards you with a multi-layered form of residual compensation. Still others say (incorrectly I might add) that its an unethical pyramid scheme!

Here’s what I say: network marketing is a business that enables you to move products and services through a large network of other distributors and consumers and get paid on an ongoing basis for work you do once. The key components of leverage through others and ongoing revenue are probably two big reasons that Donald Trump and Robert Kiyosaki both recommend network marketing.

So here, IMHO are the essential elements to a network marketing business:

1. Marketing your business to Generate leads

2. Prospecting (sifting/sorting) the leads for business builders

3. Selling/Moving products and services to customers

4. Training people to train others do the same thing

These elements sound so simple right? But here’s the real kicker in all of this: while each of these elements of a network marketing business may seem simple, only a handful of people really understand each element and how to put them together to run a successful business like the pros. And those pros are the folks you keep hearing about jumping pin levels and seeing on stage at your convention.

Generating leads for your business is really all about MARKETING. And marketing is all about crafting an influential and ideally ongoing communication strategy to TARGETED prospects in order to get them to take action. That action could be to download a free ebook, opt into a list, send for a dvd, fill out a survey, buy your product, or join your network marketing business or any combination. The bottom line though is if you don’t really understand marketing, you will spend a great deal of time spinning your wheels in your network marketing business.

Prospecting your leads and sifting for the business leaders with them involves understanding what motivates people but also HOW to talk to people answering questions and dealing with objections. With network marketing, once you generate leads you WILL need to talk to them at some point and build a relationship.The nature of that relationship will determine whether they decide to join your business or buy into your service.

Believe it or not, they aren’t joining your business, they are joining YOU based on how much they know like and trust you and how influential they see you as a leader and how much they believe you can help them succeed in network marketing. Therefore you need to learn how to talk to people and how to influence people so they see you as solution to their problems. This in my book in part of becoming a LEADER.

Selling products and services forms a core part of network marketing because obviously if no one buys your network marketing products or services you have no business. You need to have some knowledge and comfort level around your product/service what it does and how effective it is and why your target market needs to have it. You don’t need to know everything but you need to know enough to be able to represent the product and enough to know where to leverage your time and point people to additional information when they need more detail.

Training others Once someone enters your business – hooray! You’ve gotten past a big hurdle. Most don’t even get THAT far. Here’s your next big challenge. You need to train your new distributor to do what you’ve just done. This is where systems can be extremely helpful. If you have a proven standardized training system then you can and should plug your new distributor right into this program.

Training is key because statistics show that if a new distributor isn’t making any money after 90 days they WILL drop out. Most distributors have a hard time at this point because they haven’t themselves been trained properly by their upline. You need to make sure that YOU have the proper training yourself so you can go ahead and train your own downline and they can train theirs, maximizing your network marketing business success.

8 Essential Elements of a Affiliate Internet Marketing Business

I am sure that you like me have heard horror stories about certain affiliate internet marketing businesses or programs. It can be frustrating as well as a waste of time and money when you promote the wrong affiliate product. Or if you enrol as an affiliate of a business that doesn’t provide you with the support that you need.

Don’t be put off. Affiliate marketing can be a fantastic risk free way to make mountains of cash online. But before enrolling as an affiliate, you should ensure that the Affiliate Internet Marketing Business or program that you find, has these 8 essential elements.

1. Low Cost – You should not join a business that has a high capital cost. There are plenty of businesses that you can join as an affiliate for little to no cost at all.

2. Good & Trusted Product & Business – You want to be associated with an affiliate internet marketing business that offers a high quality product. A product that you feel extremely comfortable to readily endorse.

3. Marketable Product – Yes, finding an untapped niche is very important but there must be a market for the product in the first place. Market research is the key to determining if there is in fact a market for the product. There are numerous online tools that can help you undertake this research. However, one of the simplest ways in determining if there is a market for the product is if you are interested and enthusiastic about the product yourself. If you are interested and enthusiastic in the product then it is highly likely that others will be too.

4. Support & Advice – Let’s face it, the greater success that you have, the greater success that the owner of the business or product has. The owners should be constantly helping you, guiding you and teaching you proven marketing methods that you can implement so that you both can make more money.

5. Marketing Tools – You should look out for an affiliate internet marketing business that provides you with the tools you need. Numerous businesses provide you with web links, unique landing pages, banner ads, pre-drafted emails, education and other useful tools. These tools and resources will help you grow your business in the shortest amount of time.

6. An Effective Tracking System – It is no good if you are putting in all the effort to generate leads and then not getting rewarded for it. You need to be confident that the internet marketing business has a system in place that credits you for each and every referral that you generate. Some visitors do not purchase straight way so make sure that you get paid even if your referral purchases months later.

7. Detailed Statistics on Results – You want to ensure that the affiliate business provides you with detailed statistics of your results. It is pointless marketing if you can’t test and measure the effectiveness of your campaign. You want to be able to analyse your results and access this information any time you wish.

8. Recurring Income – The perfect internet businesses provides you with a recurring income streams? Subscription internet sites are ideal. Subscription based sites are one of the most sustainable and profitable affiliate marketing programs as they provide you with a guaranteed revenue stream each and every day. What would you rather, 100% once off commission for a sale or 25% commission every month for the lifetime of your referred customer?

Start Making Money Now!

An affiliate internet marketing business that covers these essential elements will help you make it big in affiliate marketing. An Affiliate internet Marketing Business or program that provides you with quality and popular products, support, tools, advice and education, as well as a recurring income stream, will help you generate lots of money online while you sleep. Good luck!