MLM Network Marketing Training-The MLM Home Business Success Training-Is It For You?

October 11, 2009 by Leave a Comment

MLM Network Marketing Training-The MLM Home Business Success Training-Is It For You?

 

What is the MLM Home Business?

An MLM business you can operate from your home in flexible hrs. You will be your own boss. There is only a small investment and above all you can work with World’s Top marketing companies. You can earn decent money for your efforts and knowledge.

Who is the right person to do it?

In my opinion everybody can do this business, who have a strong urge to do something with certain level of commitment and dedication. But one can generate a handsome income only after having accumulated a reasonable knowledge about marketing techniques, knowledge of your target audience/market and certainly latest promotional tools, because INTERNET is the fastest way to market your products and services.

A good knowledge of email marketing, websites and search engines will be additives to your income & success. You must be innovative and creative while marketing your products and services. There are no set rules, every successful MLM marketers have developed their own strategies. You will also learn when you decide not to quit but to persist your enthu to succeed.

Is it worth to invest money in home business?

YES! I say yes, if you are really serious about this business you have to invest some money wisely just like any other business. For eg. if you are planning to open a shop, you need space at a high traffic area, you need some hot selling products, you have to do some interior to make it attractive and last but not least you have to advertise your business to get customers. All the above requires wealth/capital to invest. Right! Same basic rule also applies in home business.

The MLM Failure Rate.

Why do 98% of the people fails?

This is a naked and callous truth about home business that 98 % people are failures. The foremost reason is lack of knowledge, patience and earnestness. Most of the people joins Network marketing companies to earn quick money without doing anything. They endeavor it for few months and then give up. They never attempt to learn the right techniques and strategies, they only want some quick bucks.

They don’t be bothered for their customers or MLM downline. They are reluctant to solve the problems of their customers and downline, which results in dissatisfaction and frustration and then finally surrender. This ends the business in itself because ‘U’ ultimately will end up with no earning and get only a ruined business.

Who are the Successful 2 percenters?

These 2 per centers are the people who never quit and have faith in themselves. They learn from their mistakes and imbibe a lot more from apex of these businesses. They motivate themselves endlessly and help others in their downline to achieve the same. They are taking towering risk as they know that nothing comes without efforts.

They strive to imitate and generate new ideas from their upline and other successful Network Marketers. They always welcome new ideas, believes in acceptance, always ready to take risk, and have a ‘NEVER SAY DIE’ Attitude. Believes strongly in “If someone can earn, then why can’t I?”

Why more and more people are going for Network Marketing?

According to my study and observation, a lot more individuals are looking for home business opportunities and the only one main reason is ‘TIME’. Today maximum no. of populace is fed up of their working schedules, jobs and lifestyle. There is no time for the family, oneself and/or society.

A hate feeling has developed for routine 9 to 6 hrs job as the maximum times goes in commutation (3-4 hrs. daily) from home to office and then office to home. After a long drenching day reached home fully exhausted and frustrated.

So the Idea of an MLM home business always fascinates them. They would have always dreamt about it. That’s why every 45 second someone has joined the home business worldwide.

It is an alarming figure and more and more people opt home business as substitute earning source. You know 90% of the working mothers don’t have more then 2 hrs daily for their kids. This is very provoking for both mothers and kids, their family bonding is at a risk. The only solution for this problem is owning home business where one can not only earn well but also have a suffice time for family and oneself.

In my opinion everybody has a right to live freely and must devote enough time with their family. So joining a home business is really good decision but mind you, you have to work smartly and not hard.

The MLM Considerations.

Now days a lot of successful marketers are ready to share their secrets with you and you get all valuable information for just a few bucks. If you are really thinking about to start a home business consider some points before you join:

1) Check the company’s reputation, their promoters their products and existence of company and Track record.
2) Check if the company paying their affiliates timely.
3) Is the products are really good quality.
4) Is your upline supportive.

Once you verify the above points, go and join it and start working as this is your own business. If you are determined and ready to learn, you will definitely win.

Best of luck for your successful home business.

Author ‘Preeti Srivastava’ is a successful Affiliate of some top notch Network marketing companies and have a 5 years of experience in Internet marketing.

 

Presented by PassionFire Intl http://www.preetihomebiz.275mb.com

 

Blessings…

doug Firebaugh / PassionFire Intl http://www.passionfire.com

© 2005 PFI / all rights reserved

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MLM Network Marketing Training – Why Do People Quit MLM?

October 11, 2009 by Leave a Comment

MLM Network Marketing Training – Why Do People Quit MLM?

By Tom Wood

The Quitting Habit in MLM.

CEOs quit leading. Athletes quit working out. Sales people quit selling. Couples quit their marriages.

People quit every day. In huge proportions.

They quit their diet. They quit their exercise. They even quit “quitting smoking”.

Nearly 80% of people who start an MLM home-based business quit within the first year. Whoa!!!

With numbers like these, I’ve become somewhat obsessed with figuring out…

… why do people quit MLM?

I think I’ve figured it out.

Actually, I didn’t figure it out; a bunch of psychologists did. I just recently learned the answer. (I’m amazed it took me this long to find it)

And it’s probably not the reason you think it is.

Once you know the REAL reason people quit, you will be able to protect yourself from quitting on your own dreams. And you can help others from quitting on their dreams.

We’ve been doing a lot of things wrong in network marketing for a long time. It’s the reason we have so many people who quit.

Pay attention to this. It will change everything for you.

Have you ever heard of extrinsic motivation? Neither had I. That is, until I was reading a psychological study of success. It was eye-opening.

Extrinsic motivation is when you are motivated by external things, like money, recognition and rewards. This is how we motivate in our home-based networking businesses.

The MLM Questions.

“What’s your check?” “What’s your level?” “Did you walk across the stage?” “Are you part of the ‘in’ crowd?” “What kind of pin are you wearing?”, etc…

Extrinsic motivation works. For a while. About a minute.

People won’t stick around long enough for you to create any lasting wealth if they only have extrinsic motivators.

Why? Well, if they don’t get a big paycheck, they get frustrated and quit. And if all they got was a pretty pin, they think, “this pin isn’t all it’s cracked up to be” and they quit. Trust me — I see it all the time in my group.

But intrinsic motivation? That’s what keeps people going.

Intrinsic motivation is when you are motivated by inner things like purpose, passion and mission. People who are motivated intrinsically do not quit very easily. They stick.

Think about it. Religions may be the biggest “networks” in the world. They don’t pay you a dime (little to no extrinsic motivators). But the intrinsic motivation, the sense of purpose, is why so many people stay the course.

And sales jobs have the biggest turnover. It’s all extrinsic motivation. “If you make the sale, you get the check and a pin. “But that’s it. Most sales managers don’t care how you made the sale. They just reward you on the results.

Of all the top networkers I’ve met, 99.9% of them have massive intrinsic motivators.

They have a deep intrinsic desire to share their MLM product and company. They believe the product is worth the price, and good for the customer. They feel like they are making a difference.

They feel proud. They love what they are doing and becoming — more than what they are getting. They love the process, not the results. Ok, they love the results, too. 🙂

But without loving the process, the results would be worthless to them. They’ll tell you that if they won ten million dollars in the lottery, they’d keep doing what they are doing. They’re not kidding.

They’re motivated intrinsically.

Every hear of TGI Friday’s? It’s the number one restaurant chain in its class. Here’s what the CEO did that made that company so successful.

He found a way to motivate intrinsically.

The MLM Motivation Secret.

Here was the problem in his restaurants. Wait-staff in a new restaurant would work hard. They want to pay their rent; they have bills. They do whatever it takes. Smiles included. Then they get the money. Their extrinsic motivators are taken care of. The smiles stop. They start coming in late. They complain about the customers.

They don’t love what they do (no intrinsic motivation). And people stop coming to the restaurant.

So the CEO of TGI Friday’s figures he’s got to find a way to reward people intrinsically. His wait-staff is mostly twenty-something. Remember those wanderlust years?

He tells them if they are good with service, he’ll set them up to work in any city they want. Take a road trip. They love it (intrinsically)! And you can tell on their faces when they serve you.

Brilliant.

So what are you doing to keep people from quitting?

Yes, you’ve got to have the extrinsic motivators, goals, for your people. But make sure they LOVE what they do. Hold FUN events. Take road trips together.

Do weekend workshops where you build a sense of team. Make phone calls together, so it’s fun! Remind yourself about the purpose in your products. Remind your team about it, too. Do it with passion.

Lot’s of passion. The kind of passion that makes you feel good inside (intrinsically).

The MLM Motto for Success.


So the motto may go:

“Get ’em with the money. Keep ’em with the mission.”

Extrinsic motivators attract people to you. Intrinsic motivators make them stay with you.

Now you know.

Go make a boat load of money … and make a difference in the world. Love every minute of it.

Like me.

Always fighting for your freedom.

With passion…
Tom Wood

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Blessings…

doug Firebaugh / PassionFire Intl http://www.passionfire.com

© 2005 PFI / all rights reserved

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MLM Network Marketing Training Network Marketing: Its All About Customers

October 11, 2009 by Leave a Comment

MLM Network Marketing Training Network Marketing: Its All About Customers


Copyright © 2003 Priya Shah

The MLM Customer Factor.

Leadership, Visualization, Goal-setting, blah, blah…

All network marketers have heard that jargon at one time or another. But you know what? It’s just that – Jargon.

When you share with your team, the lessons you have learnt while building your business – that’s MLM Leadership.

When you imagine that new car or house on the beach, that you’re going to buy next year with the income from your business – now that’s Visualization.

And when you plan exactly how you’re going to go about getting that new car or house – well, that’s Goal-setting.

It’s that simple…

And yet people complicate it so much that they write entire books, and have entire courses to teach you these “skills.”

But they’re missing the whole point, really. Because network marketing is really about customers, speaking about how to handle customers you may find useful these tips https://www.salesforce.com/blog/2019/04/sales-tips-for-success.html from Salesforce. You should also know your products and services as well as its pricing. If you need help with the pricing of your products or services, I suggest you visit sites like https://www.qualtrics.com/product-experience/pricing-research-software/ to know more.

Think about it.

Why do companies get into network marketing? DUH. To sell products, of course!

And why do they choose to sell their products through network marketing?

Because network marketing is really the most efficient way of selling products.

After all it’s all about people selling (or recommending) products they USE to their own network of friends and acquaintances. To people who TRUST them.

MLM Questions for You.

So if you want to serve your customers better through your network marketing business, you can get a Showcase IDX website plugin for your business.

Here are a few things to ask yourself.

1. Are you in the service business or recruitment business?

If you are in the business of helping people – whether to become healthier, or financially independent – you should consider yourself as providing a service. And a service runs on customers.

Sure, there are plenty of people out there who want to start a home business or join a business opportunity.

But if you focus on the MLM opportunity, you’ll be competing with a whole lot of other, more established networking companies, for a new prospect’s time and money.

Instead, if you focus on your products (and I’m assuming they are unique, excellent products that meet a real need), you’ll have very little competition.

Besides, it’s so much easier to sell a product than to sell a dream.

2. Is your product right for them?

I’ve seen people recommending their products to customers as a “miracle” solution to all their problems. This is not only misleading, but is bound to backfire.

Ask yourself – are there other options for my customers? Are there cheaper, perhaps more effective options, that can help them?

Perhaps they can’t afford your product right now. Or perhaps there are other, albeit less effective options, that might meet their immediate needs better.

Almost everyone needs to get healthier, or richer. But how they choose to achieve their goals should be their choice, not yours.

Certainly, give your customers all the information they need about your MLM products. It’s not your duty to suggest alternatives.

But sometimes the best way you can serve them is by letting them know that they are free to explore their options and get back to you when they’ve decided that your product meets their needs best.

You’ll not only have a grateful customer, but also build trust and goodwill. Your customer will think of you as someone to depend on, and come back to you when they need advice.

Yes, you might lose a customer, but you’ll have gained a friend.

3. Do they really need the MLM business opportunity?

Once you get a new customer, do you instantly start shoving the Network Marketing business opportunity down their throat? If so, you’re doing them a disservice.

Yes, do show your customer how they can reduce (or even completely recover) their costs by becoming a distributor and recommending the products to their friends.

Offer them what they want – a cheaper way to purchase your products.

But also accept that some of them may just want to keep buying MLM products without ever building a business.

And appreciate them for contributing to your paycheck.

Ultimately all business is about building trust. So the next time you process an order or answer a query, focus on building a relationship, rather than a business. You can read some sales tips for getting to know more prospects and customers.

If you’re a friend to your customer and do what’s right for them, you can be secure in the knowledge that what goes around will definitely come around.

——————————————————————————–

Priya Shah is the publisher of an internet marketing newsletter

Presented by PassionFire Intl

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Blessings…

doug Firebaugh / PassionFire Intl http://www.passionfire.com

© 2005 PFI / all rights reserved

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MLM Network Marketing Training The Secrets to Networking In Any MLM Event

October 11, 2009 by Leave a Comment

MLM Network Marketing Training The Secrets to Networking In Any MLM Event

The right marketing strategy can help you build and maintain business relationships.

To maximize your time and energy, and make sure the contacts you make remain valuable, you need to prepare and stay organized before, during, and after each event. The keys are to be consistent in the way in which you organize your information, and keep your system up to date.

Before the Networking event

Prior to entering the room, have a specific purpose in mind. What type of event are you attending?

Networking can be done at events ranging from a formal Chamber of Commerce meeting to a dinner party. How many people do you want to meet? What type of professional or business are you looking for?

Are you looking for clients or contacts? Remember, most people have a sphere of contacts in the 200-250 range, so a contact could ultimately prove more valuable than a client. What kind of information do you want to collect—business cards, addresses, emails?

Prepare an elevator speech- a 10-20 second commercial about what you do and the specific benefits you offer. The goal of this commercial is to generate further interest. Some people will want to know more, so prepare an extended version, outlining how you help people specifically, through a program you’ve developed, a service you provide, or a product in which you have expertise.

Prepare some MLM materials that you can send to interested contacts. Have a brochure, outline of services, sample product, article, anything that you can mention during the event, and then send out.

Again, the goal of a networking event is to generate interest in your Network Marketing service or product, and maintain the connections you make. The number of contacts is not as important as the quality.

During the Networking event.

During the Networking- marketing event, you want to do three things.

First, when you interact, emphasize quality over quantity. This is easier said than done. The only way to know if someone you meet is a prospect is to focus the conversation on them ”what they do, how they do it, the types of leads they re looking for.

As Jay Levinson writes in Guerrilla Marketing, Realize that all long-term relationships are reciprocal. If you help strangers, they’re far more likely to want to work with you in the future.

Second, ask for two business cards from contacts. Offer to pass the second on to a friend or colleague that might be interested.

Third, make sure to make a note at the back of each card you receive, if you think that person can be a contact. Jot down where you met them and any reminder details, such as looking for a printer ¦opened their business last month.

If you’re collecting a lot of cards and you don’t have time to make notations, you can bend the corner of the card to remind you that this person is a definite follow-up contact. The bottom line is that the more information you have about someone, the better your chances of a successful follow-up.

The MLM Follow-up

If you’ve done your homework at the event, you should have a group of business cards and names that you can sort. Only a handful may be truly valuable, and these you want to give the MLM gold treatment. They will become part of your permanent database.

Immediately after the event, send a short handwritten notecard or letter to the contact, that briefly recaps what you discussed. Then offer to refer appropriate business to them, should it come your way.

Add the relevant contact information to your database, including information on what constitutes a good referral to that person. Also indicate whatever correspondence you have shared. Whenever you come across an article or clipping that might be of interest to your contact, send it.

Review your database regularly and frequently. Develop a keep-in-touch strategy that helps to maintain and nurture your contacts. According to marketing expert Robert Middleton, this strategy is the most important vehicle for establishing long-term business relationships.

Proper networking can make the difference between MLM success and failure. Networking is not a one-shot deal, and building relationships is key to building a successful business. By preparing for every event, organizing our information, and practicing excellent follow-through, we can massively increase our success at networking.

If you can formally integrate these principles into your marketing strategy, you ll find that you can apply keep-in-touch marketing to your daily life. Networking happens every day—at the hairdressers, a friend’s dinner party, little league game and if you can recognize and maintain valuable contacts, you’ll find your success increasing dramatically.

——————————

Stacey Morris
Focus Coach
http://www.servicebusinesscoaching.com
staceymorris@focuscoach.net

Presented by PassionFire Intl

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Blessings…

doug Firebaugh / PassionFire Intl http://www.passionfire.com

© 2005 PFI / all rights reserved

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MLM Network Marketing Training The Trouble with MLM Success

October 11, 2009 by Leave a Comment

MLM Network Marketing Training The Trouble with MLM Success

It’s Worth All the Trouble to Succeed, if You want Your Life to
be Trouble Free Financially.”

Doug Firebaugh

The MLM Trouble.

What kind of trouble do most MLM and Network Marketers face?

1) REJECTION.

Nope. That is not a trouble, but a building tool to build you into a more powerful person in this industry.

2) FRUSTRATION.

Nope. This is not trouble, as this is a building tool to build a more powerful determination in the MLM industry.

3) DISCOURAGEMENT.

Nope. This is not trouble, as this is a powerful tool in MLM to build your Resolve.

4) OTHER PEOPLE.

Nope. These are simply good people that are too busy accepting less in life, and trying to get you
to continue to embrace that philosophy.

5) QUITTING.

Yep. This is the only trouble in Network Marketing. People are in REAL TROUBLE when they fall pray to the Doubts and Fears of other people and their opinion.

Quitting only brings self esteem issues, and self image trouble. It brings only resentment in many cases, and also anger.

The Network Marketing Anger Trouble.

Anger is BIG TROUBLE.

And quitting is The Great American Past Time, which we all have a tendency to embrace dus to programming from others.

If you can overcome this one trouble, you are light years ahead of the MLM game, and Network Marketing curve.

If you slide back into the qutting mentality, then you will have trouble for the rest of your life, as you have fallen back into the pattern that has been keeping you down.

MLM= Mastering Life’s Movement.

And the secret to Lifes’ Movement is to KEEP MOVING forward, and never giving up!!!

EVER!

PassionFire Intl
MLM Leadership
(c) 2005/all rights reserved

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Blessings…

doug Firebaugh / PassionFire Intl http://www.passionfire.com

© 2005 PFI / all rights reserved

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MLM Network Marketing Training – 10 BLAZING Ways to Drive Traffic to Your MLM Website!

October 11, 2009 by Leave a Comment

MLM Network Marketing Training – 10 BLAZING Ways to Drive Traffic to Your MLM Website!

Copyright © 2005 Keith Gloster

So, you’ve completed your first website and are now anxiously waiting with anticipation for all those targeted MLM web site visitors to arrive.

So you build it, they will come. right? No!

Building your Network marketing web site is the easy part. Promoting your web site and establishing your online presence requires a whole lot of patience and creativity to make your site stickier.

Here are 10 cool and creative ways to keep people coming to your MLM website again and again.

1. Give people a free subscription to your e-zine. Almost everyone is publishing a e-zine nowadays so its important to give something extra with the free subscription. You could offer a free gift or advertising when people subscribe.

2. Provide your visitors with free content. Your content will be more attractive to your visitors if it’s up-to-date or original. You could also offer people the option to reprint the content in their e-zine or web site.

3. Offer a free online directory. The directory could be full of interesting Network Marketing ebooks, e-zines, web sites etc. If people find your directory to be a valuable resource they will visit it over and over.

4. Give your visitors a free ebook. You could also include your own ad in the ebook and allow other people to give it away. If you don’t want to take the time to write one, you could ask other writers permission to use their articles.

5. Hold free online classes or seminars. They could be held in your web site’s chat room. The idea of a liveinformation will definitely entice people to visit your web site. You will become known as an expert on the topic.

6. Give visitors a free entry into your contest or sweepstakes. The prizes should be something of interest or value to your visitors. Most people who enter will continually revisit your MLM web site to get the results.

7. Let visitors download free software. It could be freeware, shareware, demos etc. You could even turn part of your site into a free software directory. If you created the software, include your ad inside and let other people give it away.

8. Offer free online services or utilities from your web site. They could be search engine submitting,copy writing proofreading etc. The service or utility should be helpful to your target audience.

9. Give free consulting to people who visit your network marketing web site. You could offer your knowledge via e-mail or by telephone. People will consider this a huge value because consulting fees can be very expensive.

10. Give your visitors a free membership to your online club. People want to belong to something, why not your MLM online club. You could also give away a free e-zine for club members only.

Use these 10 simple marketing tips for your MLM web site to keep people coming back for more. Create your brand, Build trust and establish your online presence.

Keith Gloster provides advice on effective traffic and lead generation tools and techniques. For more creative strategies on permission-based direct email marketing,traffic and lead generation, and to claim some valuable bonuses, you can subscribe to his popular newsletter at:
http://www.free-mlm-leads-generator.com

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Blessings…

doug Firebaugh / PassionFire Intl http://www.passionfire.com

© 2005 PFI / all rights reserved

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MLM Network Marketing Training Let’s Get To Know Your MLM Upline.

October 11, 2009 by Leave a Comment

MLM Network Marketing Training Let’s Get To Know Your MLM Upline.

 

What is an MLM Upline?

It is the “Line of folks above you” that are there to help you in your quest for success. They all make some money off of your efforts, and you need to know who they are, and what they have accomplished.

What you need to do, is send each of them and email. Contact your sponsor and get their emails and telephone numbers and send them a letter introducing yourself.

Why?

They can help you, train you, and generally help you with their experience and success.

There are some questions that I recommend asking your upline:

“What help create the success you have in your group?”

“What is the most important thing I can do right now to get my business started and why?”

“If you were me, what calls do I need to be on?”

“What made you decide to join our company and why?”

“What is the way that you keep motivated?”

“What one success secret is there to this business that has helped you the most?”

“How can I help be a part of the team and contribute?”

“Can I volunteer to do things and when?”

“What drives you to succeed?”

Become MLM VISIBLE.

These are the type of questions that an upline will appreciate..but understand:

INFERNO Secret:

The more VISIBLE you are to your upline, the more help you will get.

Make yourself known with your actions, help, and interest in what is going on…

BECOME A LEADER from the start. Don’t wait on people to call on you, or your upline to recognize you….

INFERNO Secret:

BE PROACTIVE….and them some more. Let your upline know there is a WINNER and LEADER in their downline… SHOW THEM!

Make a list of all your upline that gets paid on you and make it a priority ot stay in touch and use them for your business….

Yes…..I know….

There are some uplines that have an Over-inflated Sense of Self Importance.

If you don’t get a response from them, understand that they have “Celebrityitis” and ignore them. They have their heads up their rear and cannot really help you.

Make a decision today that you WILL BECOME An MLM LEADER, and will be part of the Leadership Team…

INFERNO Secret:

NOTHING gets the attention of your upline and the company like NEW VOLUME!

Become known for your RESULTS…that is a HUGE secret….

INFERNO SECRET:

RESULTS RULE.

Period. With your MLM upline and company.

Also ask your upline what books they are reading and what tapes they are listening to…study this business like a business….and keep learning.

WARNING:

There are some folks out there that think that they have all the answers…and if it didn’t come from them or the company, it cannot be any good.

That is a valid point to some degree as you must protect the culture of the company, and your upline should be careful of training that doesn’t stay on the company message and vision…

But a lot of the training out there is really good, and I personally have learned a lot from the trainers in the industry…

In PassionFire, we have a list of the top sites whose training ROCKS!

Look them up and visit their sites…..

Get to know your upline, and let them know who you are…BECOME VERY VISIBLE…and as your success grows you will be glad you did!

Blessings…

doug Firebaugh / PassionFire Intl http://www.passionfire.com

© 2005 PFI / all rights reserved

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MLM Compensation Understanding Your MLM Compensation Plan

October 11, 2009 by Leave a Comment

Compensation StructureMLM Network Marketing Training – Understanding Your MLM Compensation Plan.

What Is Your MLM Plan?

Money.

That is what drives the MLM industry…the quest for a better life, a better future, and a better income.

Why did you join your Network Marketing company?

For something to do?

Yeah…right.

That is why 99% of all folks who enroll in MLM companies join…for a better lifestyle…and the hope of making more money is what drives the industry…

Every company has a way they pay their distributors, known as a “Compensation Plan”..or “Comp Plan”. Your company has one and that is how you are paid…by the volume you have created by the Comp Plan.

You go out, and create Volume of sales, and you get a certain percentage of the sales. Most plans focus on the sale, or movement of products and services to the marketplace, and that is what drives the wealth vehicle.

There are different types of Comp Plans, and there are many more Hybrid forms…but generally there are 5 different types, and you need to really understand the Plan that your company has.

The 5 Basic Kinds of Compensation Plans.

1) The Stairstep
2) The Unilevel
3) The Binary
4) The Breakaway
5) The Matrix

1) The Stairpstep is a simple plan that has requirements that you must meet to get up the “Stairs of Success”…each stairstep is a promotion based on Volume usually, and each promotion you make more money. Usually you must qualify each month for the rank you obtain to get paid at that rank. And the stairstep usually has a number of levels it pays down to.

2) The Unilevel is a simple “Number of levels” that the company will pay you, and usually there is no promotion or rank. You make money by getting a certain override off of the volume, and usually there is a requirement of volume to qualify for a check.

3) The Binary.

The Binary is an interesting design for a Comp Plan. It usually has 2 “legs” that you can have “Business centers” in, and you have a volume requirement to get paid on each leg. There is what is called “balance” in the Binary…you must balance the volume form each leg to make sure you don’t have a runaway leg…one leg explodes, while the other one sits idle…you must balance the two, and you usually can override the same volume a number of times with different business centers.

4) The Breakaway.

This plan has become somewhat unpopular in the MLM industry, as you lose the business you build, once it gets to a certain level of success, and it “breaks away” to no longer be a part of what you get paid on. It usually is a stairstep type of Plan, but I have seen it in others as well.

5) The Matrix

The matrix is a computer driven plan that people are put into your group by computer, and they go in the next available slot. Usually this plan is combined with some form of a Binary, and it does work well if there are a lot of people that are recruited. When you recruit someone, the computer searches down for the next open slot, and positions them there. There are some plans that allow you to override the computer’s selection if you want them to go a particular place in your downline.

Don’t Complicate the MLM Comp Plan.

Ok…so now you must see what kind of plan you have…see your upline if you have any questions at all, and get familiar with the plan you have and how it works.

INFERNO Secret:

DO NOT get too complicated on telling the plan to someone. Keep it simple and make sure they understand that they CAN MAKE MONEY with it…as that is their greatest concern.

Generally, when you talk about a Comp Plan, you will want to mention 4 general areas about it that many people will want to know about….

1) The First area is Retail Profit.

You must show the prospect that they can earn a retail profit with your products and services…usually it about 50%…

2) The Second Area is Team Overrides.

This is where, just like a Real Estate broker, or Insurance Broker, you can develop a team of Reps and help them become successful, and get paid a certain % of override off of them, just like the Real Estate and Insurance Brokers do.,,,,,

You are sort of a “Master Broker” for your company, and help others do the same thing. This is where most people have trouble with MLM….they don’t understand that what we do is just like a Real Estate or Insurance Broker…only better.

3) The Third Area is Leadership Bonuses.

This is where you help develop Successful leaders in your group, and you get an additional bonus or override form your group….you get rewarded by helping others develop their Leadership….the most fair compensation in the world.

4) The Fourth Area are Rewards…like trips and cars.

This area is a favorite among Network Marketers…..once you have reached a level of success, many companies will give you an additional car payment money, and also take you on trips that you can qualify for…a great incentive to work!!!

Be sure you understand the components of your Comp Plan…this was just a VERY General Overview, and that is all.

Again…..KEEP THE PLAN SIMPLE.

The More Simple you keep it, the more powerful it becomes in your MLM Business.

Blessings…

Doug Firebaugh http://www.passionfire.com

© 2011 PassionFire International. All rights reserved.

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MLM Network Marketing Training – Understanding Your MLM Compensation Plan.

October 11, 2009 by Leave a Comment

MLM Network Marketing Training – Understanding Your MLM Compensation Plan.

What Is Your MLM Plan?

Money.

That is what drives the MLM industry…the quest for a better life, a better future, and a better income.

Why did you join your Network Marketing company?

For something to do?

Yeah…right.

That is why 99% of all folks who enroll in MLM companies join…for a better lifestyle…and the hope of making more money is what drives the industry…

Every company has a way they pay their distributors, known as a “Compensation Plan”..or “Comp Plan”. Your company has one and that is how you are paid…by the volume you have created by the Comp Plan.

You go out, and create Volume of sales, and you get a certain percentage of the sales. Most plans focus on the sale, or movement of products and services to the marketplace, and that is what drives the wealth vehicle.

There are different types of Comp Plans, and there are many more Hybrid forms…but generally there are 5 different types, and you need to really understand the Plan that your company has.

The 5 Basic Kinds of Compensation Plans.

1) The Stairstep
2) The Unilevel
3) The Binary
4) The Breakaway
5) The Matrix

1) The Stairpstep is a simple plan that has requirements that you must meet to get up the “Stairs of Success”…each stairstep is a promotion based on Volume usually, and each promotion you make more money. Usually you must qualify each month for the rank you obtain to get paid at that rank. And the stairstep usually has a number of levels it pays down to.

2) The Unilevel is a simple “Number of levels” that the company will pay you, and usually there is no promotion or rank. You make money by getting a certain override off of the volume, and usually there is a requirement of volume to qualify for a check.

3) The Binary.

The Binary is an interesting design for a Comp Plan. It usually has 2 “legs” that you can have “Business centers” in, and you have a volume requirement to get paid on each leg. There is what is called “balance” in the Binary…you must balance the volume form each leg to make sure you don’t have a runaway leg…one leg explodes, while the other one sits idle…you must balance the two, and you usually can override the same volume a number of times with different business centers.

4) The Breakaway.

This plan has become somewhat unpopular in the MLM industry, as you lose the business you build, once it gets to a certain level of success, and it “breaks away” to no longer be a part of what you get paid on. It usually is a stairstep type of Plan, but I have seen it in others as well.

5) The Matrix

The matrix is a computer driven plan that people are put into your group by computer, and they go in the next available slot. Usually this plan is combined with some form of a Binary, and it does work well if there are a lot of people that are recruited. When you recruit someone, the computer searches down for the next open slot, and positions them there. There are some plans that allow you to override the computer’s selection if you want them to go a particular place in your downline.

Don’t Complicate the MLM Comp Plan.

Ok…so now you must see what kind of plan you have…see your upline if you have any questions at all, and get familiar with the plan you have and how it works.

INFERNO Secret:

DO NOT get too complicated on telling the plan to someone. Keep it simple and make sure they understand that they CAN MAKE MONEY with it…as that is their greatest concern.

Generally, when you talk about a Comp Plan, you will want to mention 4 general areas about it that many people will want to know about….

1) The First area is Retail Profit.

You must show the prospect that they can earn a retail profit with your products and services…usually it about 50%…

2) The Second Area is Team Overrides.

This is where, just like a Real Estate broker, or Insurance Broker, you can develop a team of Reps and help them become successful, and get paid a certain % of override off of them, just like the Real Estate and Insurance Brokers do.,,,,,

You are sort of a “Master Broker” for your company, and help others do the same thing. This is where most people have trouble with MLM….they don’t understand that what we do is just like a Real Estate or Insurance Broker…only better.

3) The Third Area is Leadership Bonuses.

This is where you help develop Successful leaders in your group, and you get an additional bonus or override form your group….you get rewarded by helping others develop their Leadership….the most fair compensation in the world.

4) The Fourth Area are Rewards…like trips and cars.

This area is a favorite among Network Marketers…..once you have reached a level of success, many companies will give you an additional car payment money, and also take you on trips that you can qualify for…a great incentive to work!!!

Be sure you understand the components of your Comp Plan…this was just a VERY General Overview, and that is all.

Again…..KEEP THE PLAN SIMPLE.

The More Simple you keep it, the more powerful it becomes in your MLM Business.

 

Blessings…

doug Firebaugh / PassionFire Intl http://www.passionfire.com

© 2005 PFI / all rights reserved

For More MLM Training Resources click here

Home Business Success – MLM Network Marketing Training Article

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MLM Network Marketing Training – Lets Focus In on What Your MLM Products Are…

October 11, 2009 by Leave a Comment

MLM Network Marketing Training – Lets Focus In on What Your MLM Products Are…

 

The Product Focused MLM Company.

You must understand this next statement:

The successful network marketing company is “Product Focused and Business Driven…”

What does that mean?

It means that your company must always be products and services focused, but driven by the business opportunity. And your products and services must be the “anchor” of your MLM business.

If you have bad products…so goes your business…you MUST be sure your company has QUALITY Products! QUALITY creates part of the VALUE in the prospect’s mind!

Your products create the value to the consumer, and you must be able to talk intelligently about what your are offering to them. But here is a warning:

Do Not get too detailed about your products and services…you see, people really don’t care, for the most part, about the ingredients or technical aspects of your products and services…

INFERNO Secret:

Most people have one question about your products and services…”How are they going to improve my life..and do they really work?”

Your job is to educate, NOT SELL, the customer on the merits and value of your product and service line. If you educate them, and you will learn later in TrainingFire how to do that, you will find them much more open to trying them….

What type of products and services does your company provide you? You must know what we at PassionFire call:

The “Rules of MLM Product Marketing…”

There are 4 of them:

1) “The Rule of Details..”

Don’t get lost in the details of your products and services…get lost in the VALUE that they bring to the customers life. Learn about what you are marketing, but then blend that in with how it will help CHANGE their life..(CLUE!!!!!!!!!!!)

2) “The Rule of How to…”

You must understand how your products and services do work, but only to the point of being able to talk intelligently about them. Don’t overwhelm the prospect with your knowledge…but EXCITEMENT about the products.

3) “The Rule of Focus…”

Keep your focus on the MAIN product and services….if there are a LOT of them, keep your focus on the ones that are the main ones, and learn about them, and master what you need to talk about them. The others, you need to be aware of, but keep your focus on the MAIN ones, and know how to talk about them.

4) “The Rule of Value…”

You will never market any products to anyone if they don’t see VALUE in what your products. Know what the value is to the consumer with your products, and know, when it is prudent, the overview details of the products to enhance the value of your products.

Ok.

The Types of MLM Products.

What kind of products and services are there out there?

Basically 2:

1) Tangible

2) Intangible.

Tangible……

These are the products you can TOUCH, SEE, SMELL, and TASTE. They are the ones you can hold in your hands….like make up, vitamins, diet powders, cleaning solutions, part favors, toys, and the list goes on….

And the Tangibles are the biggest portion of the MLM industry…especially the supplement portion…because most people like to market what they can TOUCH and FEEL.

Intangibles……

Intangibles are the products and services you CANNOT touch, see, and feel. They are the services like Internet services, Legal Services, Tax services, Life Insurance services, and similar types of products and services. It is a very fast growing part of the MLM industry.

These products you need a little more detail knowledge about them as to show the customer they can provide VALUE to their life. And the understanding of HOW they work will provide some good conversation with your prospects on the benefits of owning your services.

You need to ask yourself some questions about your MLM products…

“What is my favorite product and why?”

“How do my products benefit people and change their life?”

“What products does the company sell the most of?”

“What is the average price of each product?”

“What has some great testimonials about your products?”

“”How large is the market for your products and services?”

“Who is your competition?”

“Why would somebody want your products?”

“What products seem to have the most SIZZLE about them?”

Most MLM companies have multiple products, and the one you like the most, you will be the most PASSIONATE about, and will talk about the most.

INFERNO Secret:

The product you have the most PASSION about, you will create the most value for.

That is what we call the “Passion-Value” Rule. Know what you are the most passionate about, and you will have the most “Emotional Attachment” to, and that would be the product you will be most likely to talk about the most.

Know your products ands services line…understand the overview of them, and focus on the MAIN ones, and keep your focus on those for the most part. Have and understanding of the other products and services, but usually, 80% of your volume will be done by 20% of the products….keep that in mind in your MLM Network Marketing Business.

 

 

 

Blessings…

doug Firebaugh / PassionFire Intl http://www.passionfire.com

© 2005 PFI / all rights reserved

For More MLM Training Resources click here

Home Business Success – MLM Network Marketing Training Article

MLM Success Training / MLM Leadership Training / MLM Recruiting

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