Hi Sonny, Thank you for sharing in such simple language! Marketing funnel is an area that is totally unknown to me until I came online. I agree with Ryan that many people do not stick to the basics and therefore fail in the proven system! As some leaders say, Systems work BUT people have to work the system! Thanks, Sonny! Viola The Business Mum
In this article I am going to share with you the secrets on how to explode your network marketing business.
While the top producers in our industry are easily making money on their business leveraging the power of the internet, 95% of network marketers are still failing because they either don’t know how to do it properly or they were trained to fail. Sad to say that but it’s true!
So what are the top producers doing that 95% aren’t? As I’ve mentioned in my previous post, that there are 3 things you need to learn in order to build a successful network marketing business. And these are knowing the what-who-how to market your network marketing business. And now that you’ve learned those 3 crucial elements to have a successful network marketing business, it’s now time to learn how to explode your network marketing business. Ready?
Network marketing is all about YOU! Not your company, product neither your business opportunity. To explode your network marketing business, you need to learn how to offer value to your niche or to your target market. There is a very big difference between a value based sponsoring and pitching your business. Pitching your business makes you look like a peddler and a nuisance to the eyes of your prospects, even to your family and friends or relatives. But if you do it through a value based sponsoring, people will get sucked to you like a magnet. What I mean by value based sponsoring is that people will join you not because of your business opportunity but people will join you because of the value you offer to your prospects.
So how do you create a value based sponsoring business?
There are 5 basic fundamentals that must be in place in order for you to create a value based sponsoring and these are:
1. Set up your marketing system
2. Generate traffic
3. Convert traffic into leads
4. Enroll people into a funded proposal
5. Sponsor distributors into your primary company
Setting up a marketing system doesn’t have to be complicated. I highly recommend and it is advisable that you leverage a proven marketing system that has already helped others create 5-6 figures a month in their businesses. And remember that since this is a business of duplication, you must use a system that is duplicatable. This system must address the 4 main problems that are plaguing network marketers such as the lack of leads, lack of money, lack of real marketing training and the lack of duplication on their team.
Generating traffic is very important in achieving success in your business because this is how your target market will find you. If you don’t know how to generate traffic, then there’s no way you can generate leads in your network marketing business and this is why there is a very high rate of failure in our industry because they have no proper training on how to generate traffic for their business. 95% of network marketers were told to write down a list of their warm market where in the first place, these people are not targeted.
Converting traffic into leads is the next step after generating traffic. You must have a compelling and an irresistible offer that is of high value to your prospects in your website or blog. If you are generating traffic but not converting those traffic into leads then its either you are not offering that much of high value to your target market or you need to tweak something on what you’re offering to your prospects.
Enrolling people into a funded proposal basically adds more value to your prospects because it builds more trust and relationship with your prospects as you are offering them more value that can help them move closer to their lifestyle and financial goals. Plus the fact that you are making affiliate commissions on autopilot on the front end which pays off your advertising and business expenses. Now take note, if you aren’t doing this then better start doing it right now or you will go broke faster than you could ever imagine. This is also called self-liquidating offer or self-funded proposal because it funds your business and your other expenses in your business as a result, your network marketing profits are all 100% yours. When you pull out your business expenses from your network marketing profits then 100% you will go broke sooner or later.
Once you have these basic elements in your business, sponsoring distributors in your primary company now becomes a breeze. That’s why you see some network marketers effortlessly sponsor hundreds of people into their business while some struggle to sponsor even a single soul into their business because these 95% of network marketers haven’t implemented the basic fundamentals in their network marketing business.
Now that you have learned the keys and the basic fundamentals on how to explode your network marketing business, it’s now time to take action and apply what you’ve learned. For more in depth training on how to do this and implement this into your network marketing business, click here and I will see you on the next side.
Great blog post here Sonny. Once again, everything boils down to getting traffic. That is probably the most important skill of any online marketer. Thanks for sharing. Chuck
Sonny, Those are definitely great points to make. Unfortunately, I've seen that many people who are in or thinking of getting into this business believe that the responsibility of succeeding is for others to do. The concept of leveraging others work seems to exclude the individual. In addition, the other extra things that winners do that others won't do, is what makes the difference. So, I definitely agree with you. You've got to be willing and able to learn new things and apply them. The web is a powerful tool once you master it. Great post, and keep up the great work.
Hey Ryan, thanks for leaving a comment. Yeah you got it! Having a system in place, staying with the gameplan and consistency are the keys.
Hi Homer, thanks for your comments. These 5 basic fundamentals are essential to anyone who wants to succeed in network marketing.
Hi Sonny, Great post here. Thanks for hitting on key network marketing business pointers. 95% of NM'ers fail because they don't stick to the basics long enough to master them. Keep it simple, be persistent and you can fall into the 5% category of people who are successful with network marketing. Ryan Biddulph