Multi-level marketing may be the opportunity of the 1990's. Many fortune have been made, and many, many more will be made by this simple marketing method. But it seems there are many people who have given MLM a sincere effort and still not have their effort rewarded. There are many reasons for most of them relating to the person's personal abilities and the quality and price of the product being sold. There are ways to overcome those problems and make MLM work for you, and here is what the greats in the field have done to achieve their incredible incomes.
Sell only quality products at fair prices. The company supplying the product must be reputable and offer prompt service.
Choose specific items or product lines that sell for under $20 and will lead to later sales of the same item to the same person.
Show the product and give brochures to absolutely everyone you know from your brother to your meter reader to the person at the gas company who opens your check envelope. These people will eventually come to you.
When using the mails to distribute brochures, always add a personal note written in pen, with each one, encouraging them to read the material and outlining what you know about their business that makes your opportunity so good for them. Get them to read the literature. Personal sales notes are incredibly powerful tools.
When using the mails, be careful about using mailing lists. Most commercial lists are overpriced and pull much more poorly than advertised. It is wiser to advertise your opportunity in magazines with classified sections, especially those with other MLM ads.
Contact as many people as you can in a 24-hour day. You will not get rich by getting others to make you rich. You will get rich by being successful yourself and by showing others your success and your success will only come through action.
Fast money in MLM is rare; big money is not so rare. You may not even get a first check for six weeks, and it will probably be small. The aim of your efforts will be to build toward a network of distributors under you, especially on the third through fifth levels where fortunes are won and lost.
Plan your campaign. Know exactly where you want to be in one month, six months, a year, five years from now. Stick with every bit of the plan you can, although you will find it needs revision as your success grows. If your plan requires mailing X number of letters or holding X number of sales meetings a week, do it, and fill every activity with the maximum amount of efficiency and effectiveness.
Never let yourself stay discouraged for more than a moment. Persistence is the real key to MLM selling. The longer and harder you work, the more certain you can be that you will win. Believe it or not, there are still many fortunes to be made, so never blame a good product for your failure. The losers are the dabblers and the dropouts.
Unless specifically requested in your contract, don't stay too long with just one product or product line without adding another. Add a new line as often as your finances permit. Department stores make more money than specialty shops.
Don't waste time! The more effort you expend in the crucial first few weeks, the more rewards you will reap "downline."
Master these concepts and it is time for you and your downline to Celebrate
50 Ways to Make More Money in Network Marketing
What's so wrong with MLM? There are a lot of people who won't get involved with MLM plans because they lack the deep down enthusiasm that's needed for the long term in a MLM environment.
It seems that just about everybody is jumping on the Network Marketing Band Wagon due to the success of some major players like Amway, Mary Kay Cosmetics, Herbalife, Fuller Brush, Watkins and scores of lesser known companies.
Multi-level marketing is a fancy name currently being used by some companies in an effort to do two things:
Just what are all those thousands of programs and solicitations spreading a swath across the country...called "Multi-Level Marketing"? Well a good portion of them are nothing but chain or pyramid schemes, some completely illegal.
I was exploring the internet jungle a few weeks ago when I stumbled upon what appeared to be an open MLM forum, however it had pretty much been taken over by distributors for one dominant opportunity.
There seems to be any number of appealing Multi-Level Marketing programs available these days.
After 7 years in business I still read almost every piece of mail I get. (I guess that shoots down those rumors and detailed instructions from people on how to get your envelope opened since I open them all.)
If you are promoting a MLM program, your ability to generate quality leads to help your newly sponsored people is perhaps the most, single important challenge that you have to conquer.