Product:
What products ore services do you provide? Be specific. What are the physical attributes of the product or the details of the services you provide? Explain the features of your products and services and how they specifically benefit your market. Also include how you differ from what your competitors provide.
Price:
What are you charging for your product or service. It needs to be enough to cover your expenses and make a profit, and yet fit with what the market is willing to pay for the quality of product and level of service your provide.
Place:
How are your products and services distributed? Where will they be sold? How will you get them to your customers and clients. For example, are they digital goods sold online and delivered through an autorepsonder system? Or you do you use a third-party such as Amazon's fulfillment program?
Promotion:
What methods are you going to use to let potential customers and clients know about your products and services? To do this, you need to understand your market, including where it can be found, and how you can create marketing messages that it will respond to.
People:
Who is helping you in your business? The people, or you might even consider services, that you use to help you in your business, can impact your success. If your sales people or virtual assistant is rude, you'll lose customers and clients. If your product or service systems fall short (i.e. the digital product isn't delivered), you'll have complaints. Customers have a choice in who to do business with and they prefer companies that provide easy-to use systems, customer service when needed, and are attentive and responsive to their needs. Happy customers will become repeat customers and will refer new business.
Vijay Prayag
Crown Director
Global Trip &
Sedan Car Achiever
Mobile: 91 76676 44558
www.myvestige.biz
Network Marketing, otherwise known as MLM, is simply a business model that allows an individual to market the parent company’s products for a percentage of the profits. What is unique about it is it also offers the opportunity to recruit others to do the same.
Those that choose to get involved become your “downline” MLM compensation plans vary however you generate income by retailing products, recruiting others and from a percentage of the retail profits your downline generate as well.
As you can see…the potential is there to truly own your own business by both retailing products and building a team of distributors to do so as well.
What is the difference between MLM and illegal pyramid schemes?
First came MLM and then along came the pyramid scheme. The MLM business model quickly exploded into a muti-billion dollar industry but owning your own business is difficult. MLM is an opportunity to do so with very little financial investment but the level of success you attain will be determined by the level of work you put into it and of course how strong your business plan is.
Unfortunately not everyone is looking to start their own business and put the time and effort needed to succeed thus the birth of the pyramid scheme. The pyramid scheme was designed to look like MLM, the legitimate business model seeing so much success, thus the confusion.
The important variation being there is no product or actual business in the pyramid scheme. These scam artists ask for a sign-up fee, often of a significant amount, for the “opportunity” to recruit others to sign-up as well. They recruit recruiters but into what?
Legislation was passed to make the pyramid scheme illegal. In fact… it was the MLM industry that petitioned congress to pass these laws in the first place.
Is network marketing more effective than straight affiliate marketing?
The truth is statistically speaking they are both highly ineffective. Something like 97% of network marketers fail to achieve any success. The number one reason for this is failure to take action followed by taking all the wrong actions. For example…I often advise my prospects and down-line not to “sell” anyone on their opportunity. It’s a disservice to them and to your business. It costs way too much money to convince someone to start their own business if they are not interested never mind the fact that to be successful in network marketing you need to establish a successful downline. This means you need to find individuals truly interested in starting their own business.
It is a much smarter strategy to position yourself so those looking to get involved with MLM or start their own business can find you.
I have also read that something like 99% of affiliate marketers don’t succeed either. This comes back to what I said earlier… You absolutely must have a viable plan to succeed. Unless you have a background in marketing or find a strong mentor to coach you the odds of success are not good for either multi-level or affiliate marketing
However with the right marketing plan both can be used effectively. In fact my personal business plan incorporates these along with many other monetizing strategies to diversify my income streams and what I coach my downline to do as well.
How do you get qualified individuals to market ‘beneath’ you?
Put yourself out there! With so many struggling to succeed in this industry the pool of potential clients is enormous. Especially in an economy like the one we find ourselves in today people are looking for ways to make more money. The industry is in desperate need of strong leaders.
It is important to recognize the fact that the market is flooded with great products and opportunities. If you jump into advertising either of them you are destined for failure. People are numb to them. Around every internet corner they are attacked with one pitch after another. Not to mention this is a highly competitive industry. Getting involved in a multi-billion dollar industry means competing against big players.
So you need to market your expertise and what makes you unique. Forget your products, forget your opportunity and build your personal brand. Position yourself where your prospects can find you and then they will want to work with you. This is exactly what
Which industries do you think network marketing works best in?
Trending data indicates the next big boom over the next ten years will be the health and wellness industries. MLM has always been closely associated with them anyway however with the right business plan and marketing strategy you really can capitalize on just about any legitimate MLM Opportunity.
But again… big trends mean big competition. Any small business owner would be well advised to develop their business around a small niche. This holds true in MLM as well. So many people focus solely on their MLM products and opportunity but the ones that are successful focus on building their own businesses. By your own business I mean creating a presence on the Internet by building a niche theme based website.
For example you can compete in the health and wellness industry by focusing on a small segment of the population “corporate” wouldn’t even try because it is too small to waste their time with but you could make a lot of money off of. You could focus on divers, rock-climers, urban-street runners and so on.
All of these people are extremely into fitness and would benefit from your MLM products. Therefore building a website tailored to one of these niches would give you an audience to promote your products to.
The business-opportunity-india.blogspot.com is designed to support those currently involved with MLM but have struggled to see the success they had hoped for. Delivering training on everything from generating prospects, marketing your business, leadership and coaching your downline (once you have one) it prepares an individual to succeed in this industry.
It is also designed as a self-funded prospecting tool with multiple income steams to grow my business. It serves as a prototype for those who are looking to duplicate my results and of course…positions me where those serious about achieving their dreams can find me, contact me and work with me if they choose.
What are your top three newbies tips for network marketing?
1) Treat It Like a Business: You did not buy a business in a box regardless of what your Upline told you. You can achieve MLM success however you must build your own business from scratch. Think of retailing your MLM products as just one component of a much larger business plan. If your MLM goes under tomorrow it should not end your business.
2) Capitalize on the Internet: What happens when you run out of friends, family and coworkers to pitch? You move from struggling salesperson with an opportunity pitch to Internet Business Owner! Unless of course you turn into an “internet advertiser with a pitch” but that won’t happen because you will build your business the right way. Check out my internet business model to learn more.
3) Education is Key: Devote yourself to learning and growing. Seek out experts in the field and learn everything you can from them. Don’t limit your education to MLM “Gurus” either. Diversify your education by focusing on internet marketing, copywriting, selling and so on.
Who do you look up to most in the network marketing industry?
For those unfamiliar with the works of Mike and Ann they truly are master level marketers. The insight they provide in how successful marketing works is truly enlightening. Although I use the very same methods my business plan varies slightly as it’s designed to require the absolute lowest financial investment possible.
I put my main focus on getting the core of your business built and getting into profit before moving into the realm of PPC advertising and other methods of growing your business.
What would you consider to be the single biggest reason for your success online?
I am an Online Business Consultant and MLM Success Coach by virtue of the fact that I am simply a MLM Sponsor who found a way to actually succeed in this industry. What I found was a mentor and all the tools and training I needed to build a successful business online.
I didn’t know anything about the Internet aside from being a user and didn’t know the first thing about building a website. SBI! Literally took me from complete novice to building a business that works. Using the power of the Internet to capitalize on the MLM has made all the difference for me and my business.
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The whole idea of a MLM lead list is to turn a profit. The MLM lead list is just a list of names and contact information. MLM Lead List is the perfect source for your business building needs. MLM Lead GenerationThis MLM lead list is computer maintained and is updated on a daily basis to assure you of the very latest leads for your direct-mail offers.
Most people start off their MLM/Network Marketing Business
by prospecting their friends and family. These people, no doubt trust you the most, but they are also the hardest prospect you will get.
Without proper handling of your appointment with them, you can forget about recruiting them to your network. This is because friends tend to be more judgmental of you, and they view you as an equal, therefore it is not easy opening them up to listen to you. During the presentation, some may joke, and are not serious in the presentation, some may also give you objections before you start your presentation.
Therefore, as a new comer to the industry, it is good to have your upline who is willing to help you in your first few appointments with your friends. They are the best people to leverage upon.
You need to practice the rule of ABC during presentations when your upline is helping you. ABC
A- Advisor (your upline)
B- Bridge (you)
C- Customer (your prospect/ friend)
It's your job to bridge the gap between your friend and your upline. Give background about your friend to your upline, and let your friend know why you respect this upline so much. During the presentation, you should sit by your friend, giving support through out the presentation.
You should always be around during such presentation to show respect to your upline and friend. Try not to give advice and "try to help" your upline, during the presentation, this will undermine your upline's authority. Just sit there and agree to what he says is the best help you can give.
You will be the one closing your friend to join you in the business, not your upline. Give moral support to your friend and assure him that joining you will be the right choice. You should also be doing problem solving if your friend is reluctant or indecisive. Give support as a friend, so you won't be too aggressive or pushy. It's not worth losing a friend over this.
Some networker have a full time job and is doing MLM / NETWORK MARKETING on a part-time basis. So time gives them very little time to spend on network marketing. But this is not a big obstacle to success in Network Marketing / MLM.
It is possible to build a big and thriving network even when you have a full time job. Follow by this 5 simple rules to manage your Network Marketing/MLM Business to build your passive side income that it may even be bigger than what your full time job pays.
These 5 simple rules can help you build your Network Marketing/ MLM business in one hour each day.
1. Get Clear On Your Goal
Before you do anything, make sure that you have your goals set and set deep in your mind. Without a specific clear goal in mind, it is difficult to achieve anything in life. A good goal should be one that is SMART;
S - Specific M - Measurable A - Attainable R - Realistic T - Time frame given
2. Learn What Produces Results and What Does Not
Know what activities delivers you the results and which ones delivers the best results. Identify them and do these activities again and again and gain. Network Marketing/ MLM is all about repetition and duplication. Successful Marketers only do a few activities and they excel in those activities.
3. Work Your Business First Thing In The Morning
Set aside time for your business in the morning before your go to work. So that you know that your day is fruitful and fulfilling. Don’t leave it to the end of the day when you are tired from work. You have to be disciplined to do this in order to achieve success in the business.
4. Don’t Get Creative
Network Marketing /MLM have existed for a very long time. The ways of doing this business are proven, don’t try to be creative and think of new ways to do the business. Follow the ways that made people successful rather than trying to “reinvent the will”. Leave the creative ideas to people who have time.
5. Create System For Generating Leads
Since you will not have a lot of time to do the business, you should follow a tried and tested system to generate new leads for your business. This gives you more time to do other activities in your to do list. Some ways to generate leads offline are referrals, telemarketing, generating leads online takes less effort and is more dynamic. You can use article marketing, social networking, etc.. to generate your leads.
Vijay Prayag Crown Director Global Trip & Sedan Car Achiever Mobile: 91 76676 44558
www.myvestige.biz
MLM Training of motivation, self motivation and motivation of your downline. This is a important form of MLM training. When a person is not motivated enough, he will be easily affected by rejections and he will give up easily when faced with an obstacle.
As a Network Marketer, you engage in sales and rec ruitment, if you are not motivated, you will be able to last in the industry long enough to taste the fruits of success. Furthermore motivate your downline to do sales.
Self-motivation may be difficult, when you do not know what is important to you. But once you can find the thing that is very important to you, you will be able to motivate yourself.
Here are some points you can use to motivate yourself when you start feeling dejected, overworked, or down.
Tip 1: Do What Matters Most
Most of the new marketers tend to postpone doing things they dislike. But those things may be very crucial and important in your progress. Therefore you should set and prioritise your goals, and ask yourself what matters to you the most. And when you really see the things that matter to you most, you will have to put them in your to-do list as priority
Tip 2: Make them a Habit
This should be part of your MLM progress, learning to develop good habits.
Even for things you don’t like, continue doing it, after awhile they becomes a habit and a routine. Just like doing cold calls, many people hate doing cold calls, but if you keep doing it continuously for 1 month, it will too become a habit.
But in order to continuously something you don’t really like or even thing that you don’t mind doing requires some pushing factor. If you manage to continue doing it for 1 month, you will discover that it has become part of your daily routine.
Tip 3: Reward Yourself
As you continue establishing your career in MLM networking, you will definitely face challenges and difficulties, make sure you reward yourself if you manage to overcome the difficulty. This keeps you motivated along your pursuit for your goal. You don’t have to reward yourself with expensive things, but the reward should be something that is only possible if you manage to overcome the challenge.
For example, If you manage to hit your goal of making 10 sale in a month, you can reward yourself by getting yourself the very nice pen you’ve been eying
Tip 4: Just Start Doing It
Another problem many people face is that they procrastinate. Procrastination is the number one reason why people don’t succeed. Just start doing what you need to do. Look at your to-do list, and get down to it every morning you get to the office or when you wake up. Never out it off to later. During your MLM training, your upline will help you and follow you closely to get you started in getting started.
Things you can do tomorrow you can do today, and things you can do today you can do now. Live by this quote, and you will see yourself achieving many of your goals within or much before your targeted date.
Tip 5: Break them down.
Goal setting is the fundamental of any sales oriented job. During your MLM training, your upline will get you to set goals. When you set goals, set them into shorter term goals like; what you want to achieve every month for one year, and within the month, what you want to achieve every week, followed by every day. This way, you can see a very clear plan to achieving your goal.
Another thing about making shorter term plans is that you can see yourself achieving them, thus feeling more sense of achievement and motivated. This feeling propel you forward.
Tip 6: Get Support
It is important that you get support when you are accomplishing this. They help to motivate you when you are feeling down and they serves as a form of accountability towards achieving the goal.
Nobody is strong enough to do this alone. You can use your upline as a form of support or you can find your spouse, friends or even parents as your support.
It is important that you know these points before you start your MLM network marketing career so you don’t make so much mistakes. That is why MLM training is very important.
