MLM Networking Women

When approached with an opportunity to join a Network Marketing Business, you are often presented with a Compensation Plan.

Usually someone in your prospective sponsor’s upline who has reached a high leadership level will explain it.

There are usually graphs, diagrams, and examples illustrated.

The presentation most likely focuses on what you could potentially earn if you build big.

This often leaves the prospect…you…starry eyed and quivering with the anticipation of making enough money to pay off your debts and house, retire early, and buy your own private paradise island complete with a yacht.

One of the tables that might be overlooked in the presentation is the disclosure of Distributor Statistics.

These statistics may tell you the percentage of distributor retention, average earnings, and rate of advancement. 

Additional Distributor Statistics

51% of our distributors earn between $126.00 and $646.00 annually.

2% of distributors advance from a development level to a leadership level.

47% of distributors advance beyond the basic rank.

The above numbers tell us important realities.

1.  Just over half of the distributors make on average $126 to $646 annually. 

That means per year! 
That works out to an average of $10.50 to $54 per month.
Most would agree those figures are a far cry from the 5 figure per month incomes we are shown during presentations!  

2.  Only 2% of all distributors advance to leadership positions.

That is likely the level one has to achieve in order to make those 5 figure incomes.

3.  Almost half of all distributors advance beyond the basic level.

This could mean any level of advancement.
It at least indicates that almost half of the people putting in an effort to build a business actually do make some progress.

It is important to pay attention to these figures for one reason.

It helps to get your feet planted firmly on the ground!

The people presenting the comp plan and other aspects of the business opportunity are not intentionally misleading you.

But the fact remains that part of your success in a Network Marketing business is in sponsoring new distributors.

To maximize distributor satisfaction and create a feeling that each person is successful and building their business, you need to sponsor people relatively quickly.

Therefore, business presentations are designed to dangle a shinny object in front of a prospect who is hungry for extra money.

Key elements are presented in writing right in front of your face, but not directly explained in the presentation.

Often these items are not seen or read until after signing on the dotted line…if at all.

Make a point of reading everything before you sign!  At least you will be entering your new opportunity with your eyes wide open.

Believe In Your Success, I Do!
Karen
mentor.karen.j.miller@gmail.com

Prospecting 102…
the Cold Market Lead Generation Method

The List? I’ll have none of that, thank you! Buy Leads, you say?

So, once I announced to my upline that I refused to call my family and friends for prospecting, I was given two options that involved entering the COLD Leads Market.

These are the other inhabitants of the planet who don’t know you from Adam.

First, I was presented with a list of sources that sold leads. Even prequalified leads!

Oh joy! Here is THE answer! An unending supply of people who actually WANT to talk to me and know about my business! Oh…Really?

I found out in the nick of time the real truth behind buying leads. BEWARE! Before you buy even one lead, or if you’ve bought leads and are getting nowhere, you must understand how these leads are generated and sold…and resold…and resold.

Have you ever been online and been offered a chance to “win” an iPod or computer? All you had to do to be entered into the contest was to fill out a short survey. You might have been asked about making extra cash or something similar.

Since you wanted to be contacted if you won the prize, you didn’t think twice about leaving your name and telephone number. The fine print was so minute and long, you didn’t bother reading it.

If that wasn’t you, there are thousands of people who complete such surveys every day.

This is just one way companies selling leads packages get the leads for you. They are not interested in your home based business opportunity…they just wanted a free computer!

So now what??

Believe In Your Success, I Do!
Karen

The next habit to develop with email has to do with your business correspondence.

How you and your associates write emails is critically important to how you all can efficiently handle your emails.

Following are some guidelines on writing business emails.

1. When selecting your business email, avoid cutesy names like freedomwings@yourserviceprovider.com. In a group of fifty emails, it is difficult to remember the person who belongs to such an email.
Name brand yourself. You are better off using your name like, joesmith@yourserviceprovider.com or mentormaryjane@yourserviceprovider.com in your email address.
This assures that the recipient will immediately know who you are and is more likely to address your email sooner and not think of it as junk mail.

2. Be specific and clear in your subject line, make it relevant to your topic.

3. Remember to sign your name and include your contact information to the end of your message.

4. Remember that your business associates are as busy as you are and need to keep their time with emails short as well. Keep notes for social niceties and visiting reserved for separate emails, Skype messages, or phone calls. If your upline is particularly busy, that person may have dealings with 100s of people in their organization. Remember to be respectful of that.

5. Keep your communications concise—only a few lines and stick to the facts. This has been a real challenge for me and I’ve needed to practice a lot on this skill….after all, I do love to write!

6. Fix in your mind first, “What is the end result of what I am asking?”, in other words, “What do I want, exactly.” Just ask your question.

7. Remember that your team (your downline) may not have these skills so you need to share with them how you expect emails to be sent to you. Create a document or email draft outlining your expectations.

8. Give them a clear method and time when they can communicate non essential business matters.

9. Tell them if they have a complaint or issue they need help with resolving, they are to send you a one or two line email giving a brief description of the issue and ask you for a time you can discuss it.

10. When asking for your upline’s time on a 3-way call, put “coaching call request” in subject line. In the body of the email, give the days & times your prospective client is available, and time zone. Leave other details for a later briefing with your upline if they so desire.

By keeping your email communications to the point, you will soon notice a huge time savings in this area.

Most people who are building a home business, find the information in this book to be critical to their success…but some don’t.

Wishing You a Lifetime of Success!
Karen
Success In 10 Steps