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I'm going to give you an amazingly simple Network Marketing Success formula that will help you create massive wealth. But first, let's preface it first...
In the self help circles, there's a saying that goes "Take the average of the incomes of your 5 closest friends and you get yours."
Coincidentally, all highly successful Network Marketers say that most of their income comes from just 4 to 5 leaders in their organisation.
At first, I didn't think too much about my income being the...
Don't Buy MLM Leads! Find Out Why It's A Scam!
The first step to MLM success is obvious. It's to make a list of your friends and family and get rid of them completely by constantly annoying them with your deal.
That's exactly what your "successful" upline mentor told you to do right?
So now that you've exhausted your warm market and severed all of your close relationships, what do you do? (First of all, congratulations, you haven't quit yet.)
Did your "successful" upline mentor then tell you to go buy expensive leads? Some will...
How To Put Yourself In Front Of The Most Targeted MLM Leads
Have you ever received a phone call, in the middle of dinner, from a doctor asking you if might just happen to be sick and would like some treatment or diagnosis? I doubt it. I've never received any such phone call.
You go to the doctor, he doesn't come to you. You seek out his advice and if you believe him, you do as he tells you to do. Why? Because in your mind, the doctor is the expert who can help you with your ailment.
It's pure genius what the medical industry has done to make...
Working With Network Marketing Heavy Hitters - Don't Count On Your Success
I used to think being associated with a heavy hitter was a good thing, because I saw them as successful business builders. At least in the pictures they show you, they dress for success, they drive the best cars (usually a Mercedes or a BMW), they live in mega houses with luxury furniture. They walk around with their chest puffed out and they speak with an attitude.
I used to think being associated with heavy hitters was a good thing because I believed that some of the "success" that they...
Why You Should NEVER Disclose Your MLM Income!
As a professional network marketer, you should always conduct your business in an ethical, open manner with integrity. It's your duty at all times to conduct your business according to the laws of the MLM industry. There are certain things you just can't do, or you'll be breaking the law.
One of those is making an income claim, or showing off how much money you've made to potential prospects. You can't make recruitment claims either. These are strictly against the law. Are you surprised? I...
How To Tell The Difference Between An Illegal Pyramid Scheme and An MLM Opportunity
In this world, we have a wonderful industry of network marketing, where there's an awe inspiring culture of people connecting with each other, believing in each other and helping each other achieve success. However, there is a dark side to this industry that's taking advantage of the good will of the people who participate in it.
There is an over abundance of pyramid schemes who are masquerading as network marketing opportunities. Pyramid schemes by definition are illegal because they are...
Do You Know Your Ideal Network Marketing Prospect?
Do you know who your prospect is? Moreover, do you know who your IDEAL prospect is? Most people in network marketing don't have a clue who their prospects are. And because they don't know who their prospects are, they never attract the right people to them.
The reason most of us networkers don't know who our prospects are because we haven't taken the time to listen and understand them. We never shine the spotlight on the prospect because we're too busy shining the spotlight on ourselves, our...
8 Reasons Why You're Struggling To Sign Up Network Marketing Prospects
Ninety-seven percent of networkers are destined for failure BEFORE they even start building their home based businesses. With no training on marketing and prospect psychology, without any clue on how to do this business, they are literally told to start burning bridges around them.
In my first network marketing company, there was no training on how to connect with prospects. It was all about inviting people you know to a meeting, showing them "the plan" and telling them you have access to...
What Network Marketers Can Learn From The McDonalds Business Model
The late Gary Halbert, who was one of the most talented direct marketers of all time, once asked his students:
"If you and I both owned a hamburger stand and we were in a contest to see who could sell the most hamburgers, what advantages would you like to have on your side to help you win?"
His students replied with a volley of responses:
1. "I would use the freshest, tastiest hamburger meat!"
2. "My prices would be the lowest!"
3. "I'd pick the busiest location!"
4. "I'd want a...
A Quick Guide To An MLM Marketing System That Works
I've said it before and I'll say it again: Network marketing is a business built on relationships. No relationships, no MLM business, no long term residual income. But how do you build solid relationships with the right people? The answer is MARKETING.
Marketing is the tool you use to put yourself in touch with qualified people. The vast majority of network marketers don't know how to market. As Mike Dillard of Magnetic Sponsoring fame says: "This is an industry of promotion pursued by...
The Funded Proposal. Is It Taking Off The Path To Your Ultimate MLM Goals?
Everybody knows that building a downline is hard work and that steady residual cashflow is not immediate. It may take months to years of dedicated work in building strong relationships and sponsoring people to eventually generate enough income so you can walk away from the daily business building activities and retire to the MLM lifestyle.
In the meantime, networkers must spend a lot of time, money and energy promoting themselves, and their "solutions" to attract the right prospects. For...
What Get's A Network Marketing Prospect To Sign Up. It's NOT the Money!
What do prospects consider to be most important when making a decision to join a company? Is it company image? Company management experience, perhaps? A company's product line, literature, history and heritage? How about potential earnings?
MLM industry legend Tom "Big Al" Schreiter, who comes face-to-face with thousands of people every year through the generic MLM training tours he does all over the world, discovered none of the above were of significant concern to prospects.
What he...
How Many Spouses Are You Married To? How Many MLM Companies Are You Building?
Is it a good idea to be distributor for more than one MLM company? Logic would suggest that it is.
Today there are many network marketing companies that fail. Some companies are illegal and are shut down by the Government. Some companies must go through massive restructuring to survive. Just last week, a publically traded company terminated it's MLM pay plan in favour of direct sales because it couldn't afford to pay both the investors and the distributors at the same time.
Some network...
Would Warren Buffett invest in your MLM Company?
Lately, I've been reading The Warren Buffett Way by Robert G. Hagstrom. Hagstrom writes about the fascinatingly simple principles that have guided Warren Buffett's decision making in investing over that past 60 years that have allowed him to accumulate such immense wealth.
Warren Buffett's formula for investing fundamentally has not changed since his first fund was established over 50 years ago. Buffett never gets distracted by fads or promises of explosive returns. So called experts have...
What If Your Network Marketing Company Decides To Stop Doing MLM?
What does it mean when a company does away with its play plan? It's an absolute kick in the guts to the hard working reps who built the company from the ground up. All that hard work inviting people, talking to them on the phone, meeting people in cafes, restaurants and homes, doing presentations, the "no shows", follow ups and coaching calls all of a sudden means nothing - a complete waste!
That's what happened to the distributors of a nutritional beverage MLM company in early 2010. Their...
Is Your Chances Of Success In Network Marketing Only 0.25 Percent?
How much monthly residual income do you need to be financially independent? Have you worked this out yet? What does it mean to be financially independent in the first place?
Financial independence means the passive residual income that is generated from the downline you have built covers your regular expenses (i.e. taxes, mortgage/rent, utilities, subscriptions and food). Therefore, financial independence gives you the divine option of quiting your J-O-B and never having to work another day...
Is Teaching Marketing Skills To Network Marketers Not Duplicatable?
Have you ever been in this situation? Straight after you signed on the dotted line to become a new distributor, your upline sat you down and got you to write out a warm marketing list? That list of 100 of your friends and family?
Some uplines will even put their new distributors right on the spot by getting them to call their list right then and there. Instinctively most new distributors know that it's not a good idea to be prospecting their friends and family about a business opportunity....
How Network Marketing And Internet Marketing Are Completely Different
The REAL Difference between Internet Marketing and Network Marketing is RELATIONSHIPS. Internet Marketing is a form of Direct Marketing. Direct Marketing is a numbers game, Network Marketing is not - it is a relationships game.
There is nothing wrong with Internet Marketing or Direct Marketing. They are perfectly good business models where you can build a handsome "from home" income. But there is a big difference between Internet Marketing and Network Marketing and it's important for you, as...
How To Get Maximum Retention From Your Downline
You can't build a network marketing business without building relationships first. It has always been and always will be about relationships. Many companies have come into this industry and exploded because they had a revolutionary product. But often, their businesses died just as quickly because they didn't care enough about their people.
Retention is the one and only key to making a lifetime of residual income. You can't build this business by putting 100 people in at the start of the year...
The Stairstep Breakaway Plan - The Most Misunderstood MLM Compensation Plan?
The stairstep breakaway pay plan is the oldest MLM compensation plan. Having stood the test of time, it is the most commonly used compensation plan. The oldest and largest MLM companies, Amway, Herbalife, Mary Kay, Neways, Nu Skin still use this type of pay plan. It is also the most complex form of compensation plan and the most difficult to explain to new prospects.
Before the days of computerised databases and online ordering, distributors did not deal directly with their MLM company. They...
What is Your Worth to Your MLM Company?
In choosing the right MLM company to build your long term executive level residual income you must look closely at the company management, the companies timing and its products. Another very important aspect that is crucial to your long term success is the company's compensation plan. In fact, it is imperative that you understand your compensation plan.
People often ask "What is the best compensation plan?"
The best compensation plan allows average people to get above average results. The...
Will Your MLM Business Opportunity Stand the Test of Time?
It's very well known in the home based business and network marketing industries that over ninety-nine percent (99%) of new business opportunties do not last more than two years.
Unfortunately, this fact is not well known enough, especially to people who have less experience in the home based business arena. Too many people are attracted to the glitz and the glamour and are caught up in the emotion of new products, explosive income and make big gambles and lose.
New home based business...
Why Some Network Marketers Are Luckier Than Others
Why are some people luckier than others? Why do things just seem to fall into place for some people and not not for most? Why are some people so much happier than others and have more friends?
It's no accident. People aren't just blessed with good fortune, though sometimes it might seem that way. It might seem unfair. But the truth is, people who are lucky have mastered "The Spiderweb Effect." People who are lucky build large webs. People who are unlucky do not build webs at all.
There's...
Are Trying to Close Your MLM Prospects? Why You Will Inevitably Struggle!
Recently, I decided to dig out some long forgotten motivational CD's of an MLM company I used to be with, just for interests sake. The title of the CD was was apt for the recruitment driven culture of that company. I honestly don't think anybody could be successful today building a business with what was said on that CD, which was recorded only 2 years ago.
First of all, the super star giving the speech made you feel pretty inadequate if you happened to be there in the audience. Here are the...
The Two Lies That Killed Your Chances of Success in MLM
Most network marketers are struggling through absolutely no fault of their own. Many struggle for years without any success and as a result, feel inadequate, depressed and frustrated. They are struggling because they've been lied to.
They were told the two fundamental lies that killed any chance of their long term success...
1. It's sales business
2. It's a numbers game
And it was no fault of the upline that taught them these two lies, because their upline learned this from his or her...
Does Your MLM Company Give You Any Legal Ground At All?
It really angers me that some MLM companies have their entire legal ground covered without giving an inch to you, the hard working distributor who builds the company. There are very few companies that have policies that both protect the company are are fair to the distributor.
If an MLM company says in its policies and procedures that they can terminate you, for any reason, with or without cause, is there anything you can do if they decide to enforce that policy against you? Unfortunately...
Are You Being Blackmailed By Your MLM Company?
It never ceases to amaze me that some network marketing companies distrust their distributors so much that they want to control aspects of a distributor's life that have nothing to do with the company. They want control that is far beyond reasonable.
They want to control their distributors far more than any employer would control their employees. Controlling your actions is not enough. Some MLM companies even want to control the actions of your family. It's truly amazing - companies actually...
How Some MLM Companies are Protecting Themselves By Putting Unfair Responsibilities On You!
What's your responsiblity as a network marketer? Our goal, long term residual income, is our reward for helping other people become financially independent. It's the result of us developing leaders in our downline organisations who in turn, foster leaders in their own downline organisations.
Network marketing is a leadership driven business. As such, you can only succeed when you lead by example. You cannot make your downline members do anything, as they are not your employees - they are...
Why You Must Know If Your MLM Company Can Terminate Without Reason
You know, many network marketing companies, especially the old, large institutions all try to hook you with something like "the freedom of owning your own business." Is this true? Do you really own your own business?
When you really delve into the opportunity and understand it, you'll realise that you don't own your own business at all. It again, comes down to the company's policies and procedures - the legally binding contract between you, the distributor, and the company. These policies...
How Some MLM Companies Blatantly Show Disrespect Toward Their Distributors
The relationship you have with your MLM company should be one of mutual respect and support, right? After all, you can't be successful without your company and they can't be successful without you. On that basis you would expect your company to trust you to promote them ethically and you would trust them to provide you with the best products and marketing plan.
Some companies just don't trust you. You can tell by the length of their policies and procedures that they don't. The longer it is,...
Is MLM Really Your Own Business? Find Out By Reading Your Policies and Procedures!
If there's one thing that we, as professional network marketers, should all do, it is to read is and understand our MLM company's policies and procedures.
The policies and procedures manual will tell you everything you need to know about the integrity of your company's management team and just how important YOU really are to them.
Unfortunately, alot of us skip this crucial step when we sign up to become distributors.
We skip it because our sign up was based on the trust and...
Will Your MLM Company Allow You to Take a 6 Month Vacation?
The entire philosophy of the network marketing industry is financial freedom - the ability for you to do whatever you want, wherever you want, whenever you want with whoever you want.
A network marketing business is supposed to be something that you work hard for a few years to build once, then you should be able to retire to enjoy the fruits of your labour and your business should still grow autonomously.
So with that in mind, I want to share with you a little experience I had. A while...
Travel Business Opportunities Using an MLM Pay Plan - Legal or Illegal?
Right now there is so much hype on the internet about making money in travel. The travel deals are touting that it's an $8 TRILLION per year industry - whether this is true, I don't know, but I doubt it - if you just get the tiny-est slice of this pie, you'll be rich.
The problem is, most of the travel deals are not selling travel - they are just pretending to be. There is nothing wrong with selling travel packages and getting paid a commission. If you can selling a luxury holiday package...
The Difference Between a Legitimate MLM Opportunity and a Scam
Thank Goodness for the internet. The internet has liberated a lot of struggling network marketers who didn't have a gnat's genital of a chance of success in their old companies. It has allowed these people to connect with great mentors and coaches, allowed them to plug into "turnkey" systems established by leading organisations.
The internet has allowed thousands of network marketers to brand themselves for very little cost and reach out to the best prospects and become highly successful...
Which MLM Compensation Plan Is The Right One For You?
When looking for a job, you'd look carefully at the job description to understand exactly what was expected of you, wouldn't you? You would make sure that you have the capabilities to do the job and that you'd be comfortable doing it, am I correct?
After you've determined that you're the right person for the job, you'd probably want to know how much you'd be paid to do what you do best. This gives you options. You can compare several similar roles with different companies and weigh up which...
The Aussie 2 Up Pay Plan - Putting Your Personally Sponsored in Competition With You
An Australian two up, or Aussie 2-up is any programme where you pass up your first two sales and personally sponsored distributors to your upline. Hence the "two up" - I'm not sure where the "Australian" part comes in.
That means your first two personally sponsored distributors are now personally sponsored by your upline, putting them in direct competition with you, and giving your upline the leverage. You derive no benefit, it's only after you have made your first two sales, you can begin...
The "Gimmicks" of The Binary MLM Compensation Plan
A binary compensation plan, as its name suggests is based on the number 2. A distributor in a company that operates a binary compensation plan can only build a downline consisting of two legs. A left leg and a right leg.
That's correct, a binary compensation plan only allows you to have a maximum of two frontline distributors. Any more that you personally sponsor would have to placed underneath one of your two personally sponsored frontline distributors. This is another case of...
Why Limit Your Income Potential With The Matrix Compensation Plan?
A matrix plan is any pay plan that has a fixed width and a fixed depth. If you're in a matrix plan you are limited by how many frontline distributors you can personally sponsor. While there's no limit to how deep you can go, you are only paid down to a certain level.
Let's take a look at a 3 x 5 forced matrix plan, that is a maximum of three frontline distributors, paying down five levels deep. On the zeroth level is you. On your frontline (you first level) you can have up to 3 distributors,...
The Perks and The Perils of The Unilevel Compensation Plan
The unilevel compensation plan is common in modern day network marketing. By and large, a unilevel compensation plan is a linear, whereby your income is directly proportional to the number of people in your organisation.
By contrast to the stairstep breakaway plan, the unilevel plan is a very easy compensation plan to understand and explain. In companies with more complex compensation plans, you would start as a distributor and move up to Silver, Gold, Platinum, Ruby, Emerald, Diamond etc,...
The 5 Pillars - Why You Can't Succeed in MLM Without Them
A network marketing company is your vehicle to financial independence - the thing that takes you from where you are now, to where you want to be. Even if you are a good driver, you need to have a safe, reliable and efficient vehicle to get you to your destination.
So how do you know if your vehicle is capable of taking you to where you want to go? How do you know that you have the right vehicle? And what do you do when you find out that you're in the wrong vehicle?
That's where the 5...
A Duplicatable MLM System - Do You Have One?
When you joined your first network marketing company, did your sponsoring upline tell your that they have a system? What was that system? What did they tell you to do? Make a list of friends and family? Was that their system?
Did they tell you to buy leads from a particular lead broker at some ridiculous price per month? Did you find out that 99% of the leads that you bought didn't want to hear from you? Hmmm... (they didn't tell you they were making money from selling you those...
A Solid MLM Product - It's Critical to Your Long Term Success
Every legitimate business, no matter what industry, sells a product or service to a consumer or a client. Product is a very important part of your network marketing business and should never be overlooked.
However, it is easy for people with less experience to get caught up in the emotion of products. Some people will jump straight on to a "trendy" product. Some people will go out of their way to justify why their product is better than anybody elses even though it's three times more...
Are You a Rep for an Network Marketing Company with High Overhead? Run For Your Life!
If you want to create long term residual income in network marketing and have that support your desired lifestyle, avoid MLM companies with high overhead.
The more overhead an MLM company has, the less chance of success you will have in the long term, because the less commissions it can pay you for the hard work that you do as a distributor. The less commissions it pays, the more people you'll need to sponsor.
The more you'll need to sponsor, means your recruits will need to sponsor more...
Company Overhead. Why Your MLM Products Are Overpriced!
How much money does your MLM company need to just to stay in business every month? Does it employ a large number of people all over the world? Does it operate its own farms and factories? Does it own large, beautiful buidlings? Does it sponsor sports stars, movies stars, football teams or baseball teams?
And why should this matter to you as a distributor? Because you, as a distributor, is paying for all of it. It comes out of the compensation plan. The more you have to pay for all of that...
Breakage. What Every Network Marketer Needs to Know About Their Compensation Plan
"Breakage" is money that is kept by an MLM company that could have been paid to its hard working distributors. In network marketing, there's front end breakage and there's back end breakage (or compensation plan breakage). This article will discuss compensation plan breakage.
Compensation plan breakage is, as its name suggests, taken out of the compensation plan. Many MLM companies say that they payout 50%, 60%, 70% of the price of the product to distributors. But in reality, they only pay...
How MLM Companies Use Front End Breakage to Create Massive Profits!
"Breakage" is money that's kept by the MLM company that otherwise could have been given out to distributors in the field. Why should companies look after distributors and give out as much money as possible? Because MLM companies are nothing without their distributors. Bare that in mind as you read this...
In the world of network marketing, there's front end breakage and there's back end breakage or what's commonly referred to as compensation plan breakage.
For this article, let's take a...
The $10K Question - How many reps do you need in your downline?
Have you ever considered how many people do you need in your downline to make $10,000 per month?
Once you work this out, the answer to this question may surprise you. It may even anger you depending on how serious you are about becoming financially independent via network marketing. The real question is: how much does your MLM company reward you for bringing in revenue?
The best compensation plan is one that will pay you the most money for the least amount of effort. So why do some...
Recruit or Retail? Which creates sustainable MLM profits?
Does your MLM company encourage endless recruiting? Or does it encourage you to sell its products to end consumers? Which is better? Recruiting or Retailing?
A steady residual income in the long term requires a good balance of both. Passive income in network marketing is your reward for building a sales force or distribution channel where large quantities of your companys product gets into the hands of many happy, loyal customers.
Endless recruiting IS NOT a sustainable business model....
Unrewarding MLM checks - The sad truth of network marketing
A few days ago, I had a conversation with a lady who reached a very significant pin level in one of the largest and oldest MLM companies. She is no longer with this company, but her story is one that's not too uncommon within the MLM industry and should serve as a lesson to all of those who really want to live the MLM "Dream".
From the outside she and her husband had what you could call "success". They were always on stage, speaking and telling inspirational stories at company events. Every...
Don't Be Mislead: MLM Duplication is a Bunch of Bull!
Everybody who's been in the network marketing industry for a period of time has heard the cliche: "This is a business of duplication". Network marketers are often trained to ask themselves something like this... "Is this duplicate-able? Can everyone on my team follow the system I'm using and get the same explosive results?"
Indeed, "Duplication" has become sacred, with wild notions like your business is doomed to fail if nobody can copy what you're doing, or you won't be able to coach your...
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