The 10 Best Tips For Making Money with Any Network Marketing Opportunity

 Network Marketing Tips

The 10 Best Tips For Making Money with Any Network Marketing Opportunity

1. The Truth About Making Money While You Sleep
Making money while you sleep is not a myth, but it takes time to get there. When someone in your downline makes a sale, you get your cut, even if you’re on the golf course or taking a Caribbean family vacation. But to do this, you need to be the right type of person – someone who loves sales, is good at motivating others and can train their downline to use a system that works.
When you get into network marketing for ANY product, you learn a system. There’s often a website template, sample videos and sales and marketing blurb you can customize and make your own. This is all part of a system, and it includes support from your upline while you make those first few sales. All you have to do is replicate the system, teaching your downline how to achieve success. Put in the work to build a solid foundation and expand your team and you will make money whether you are working an eighteen hour day or lazing by your pool.
2. The Rewards Of Being Your Own Boss
If you love the security of having a job, network marketing probably isn’t for you. If you hate the thought of being on commission, you might as well stay where you are. Going it alone is scary, because you lose the security of having a boss and a regular paycheck. But it’s also empowering. If you feel the smallest tickle of excitement at the thought of charting your own course, then network marketing could be the perfect business opportunity for you.
I’m not going to lie to you.
It takes hard work to be successful. Ask any self-employed person or sole trader and they will tell you that you start out working long hours, maybe even more than you did at the office (unless you were a junior lawyer, in which case this will probably feel like a vacation) .
You’re going to have to learn new things that might take you out of your comfort zone – like how to explain your product so anyone can understand it, how to share your passion for the business, how to recruit and train your downline – and more.
But there’s a payoff.
  • You will make money.
  • You will achieve your personal financial and lifestyle goals and learn how to motivate your team to do the same.
  • You will love the fact that everything you do in the business has a tangible financial and personal reward.
Most of all, you are in charge of how your business progresses. The more you do to build it, the more successful you will be. Well before retirement age, you can enjoy the best of the retirement lifestyle, choosing what you do every day while your business makes money for you.
3. The Importance of Depth and Diversity in Your Team
Many new network marketers start out by trying to build their downline among friends and family. That only works if all those people have the same mindset as them. Usually they don’t, and that leads to stagnation and failure (remember that 97% figure).
Another approach is to recruit people who are just like you – another mistake, and I’ll tell you why. If you only recruit those people, then your network marketing downline is monochromatic – it’s not diverse. That means that all those people can sell to the same sorts of people you can sell to. For true success, embrace diversity. I’m not just talking about getting people from different ethnic and cultural groups, but people from different socio-economic groups, with different levels of education – you get the picture.
The more diverse your team is, the more different areas you can reach to sell products and services, and, of course, the more potential there is to increase income. Just as in an office job, you don’t have to like people to work with them.
You will need to train yourself to approach everyone the same way, and not to discount someone because of their difference. And train the people in your downline to do the same.
The other good thing about a more diverse team is that you will get access to people with different creative problem solving ideas and innovators who will increase efficiency across your team. That will make it a better experience for all. If you embrace diversity and create a welcoming atmosphere, your business will be even more successful.
Finally, don’t forget the importance of actively prospecting for team members. Once you have been in the business for a while you will know what kind of people are most successful and can search for those. Use online tools like analytics to figure out who’s interested and what else they like, to give you a key to getting their attention.
4. How Your Individual Reward Matches Your Team’s Success
Assuming you have the right product at the right price and the right time, the success of your network marketing business rests on the success of the team. But you also need to be sure that every individual in that team is motivated.
As we’ve said, if you do it right, you will have a diverse team. To build success, you need to model success and to train your team (more on that later). What do I mean by modeling success?
  • Showing your downline how you have sold products and made money.
  • Using the example of strong team members to develop the skills of weaker ones.
  • Using motivational techniques to create enthusiasm for the process in your team.
The question of motivating is important. People like to feel they are part of something bigger, so creating a team feel is a big plus (and saves you time too). Every team needs a mission and a vision – as the leader your job is to create that vision, so that team members can see the path to future prosperity.
While everyone has a part to play, look for some strong individuals who love your business to be part of the team. If they understand the business model and can replicate it, they will recruit others who share the vision, building a strong downline. The stronger the downline, the better your income.
5. How To Mix Your Marketing For Greater Coverage
You’ve gotta love the web, because it makes it much easier to market your business. Sure, old-style party plans still work – never underestimate the power of a personal connection. But there’s so much more you can do. For best results, combine a range of marketing methods. You can use:
  • Your website, of course, which has to serve two purposes. First, to recruit your own downline; second, to sell your product. Maybe you could have two separate sites for the two purposes.
  • Social media marketing – whether that’s a LinkedIn group, a Twitter chat, a Facebook page or group – the best place to organize that is where most of your prospects hang out. And there’s a simple way to find out – just ask!
  • Business networking events, industry conferences and your own events.
There are so many ways to market your business – online and offline – that I can’t list them all here. And your upline will also introduce you to proven methods for your particular business. Whichever method you choose, practice your two minute elevator pitch presenting the product and business benefits till it’s second nature. You can also record audio and video versions for your website.
You can use your marketing to actively seek prospects and share your vision for the success of your business. While you can and should use the materials provided for you, you can also create your own success stories.
And never underestimate the power of a good call to action for encouraging prospects to take the next step, while feeling totally in control.
6. Reducing Your Start Up Expenses
Most new businesses don’t expect to make money the first couple of years because of the high startup costs. Luckily for you, network marketing is different, especially in the online era.
The cost of planning, preparing and operating a new online business is far less than the cost of opening main street stores or buying a franchise.
If you market offline, then it might pay to invest in some business cards, but these are relatively cheap from companies like Vistaprint and Moo.com. Online, you’ll need to account for the cost of a web domain and possibly hosting, though sometimes this is provided for you.
You might also have to pay a small fee for your startup kit, but legally, all literature and welcome product kits offer a 100% money-back guarantee during the short evaluation period.
You can also keep costs low by choosing a business where you don’t have to buy “unsold inventory” and can simply return it to the company. If your business is online, then this won’t be a problem as you won’t have products and won’t have to make deliveries. Everything will be drop-shipped to the end customer.
Best of all, you’ll likely get free online education and continuous mentoring and development – something many startups don’t have. Think of it as your own personal YCombinator to help you build the skills you need for success!
And here’s why I love network marketing – the minute you or someone in your downline makes a sale, you make money. Within a couple of sales you have recouped your costs. No offline business can match that!
7. Attracting A Worldwide Team For Your Business
Recruitment is another way you save money. Old-style network marketing meant getting a group of reluctant acquaintances together and selling them the idea of your product and the benefits of the network marketing business model. Sometimes you would get some new team members; often you wouldn’t. And you would have to spend a lot of money before you built a single strong team.
The web has changed everything and that’s lucky for you. Instead of being restricted to the people living in your neighborhood, you now have access to the best people globally via websites, email, social media and online business opportunity events. You can recruit people online without the expense of transport, food or hiring meeting rooms.
And here’s the thing: you can recruit people by being yourself online and talking about what you do; you don’t even need the hard sell. Your example alone will attract some people. Put your MLM website link in your social media profiles and people will check it out.
Others will be attracted by the benefits and the fact that they can do it from anywhere. Use the tools you get from your upline to tell the story of the product and business and show your potential downline how they can be successful.
And you know the great thing about an international team? It means people are making money for you in every time zone. There’s a thought to make you sleep well at night!
8. Why Your Down Line Is Essential For Your Bank Account
Want a great network marketing business that brings you the financial and personal rewards you desire? It’s all about the downline – not just your downline, but their downline and their downline’s downline.
Of course, it’s important to have the right product, but the right team is even more important. And the right training will make all the difference. You will have to work hard to attract and support your initial team, and to give them a proven template for success (which your upline gave you). After that, it’s all about their ability to replicate your success and put money in their bank account – and in yours.
Sales from your downline will provide most of your income. Your time is best spent in motivating and supporting your team and helping them to do the same for theirs. The more people you can attract to the business, the better for everyone.
9. Why You Should Keep Your Training Simple
Training is another essential element for success. A good network marketing company will have a proven system and infrastructure that can include articles, podcasts, videos, webcasts and in-person events. They may have additional training for leaders – and you definitely want to be in that group.
Your recipe for success is to pick the training that’s most appropriate for your team and your product and make it available to them. Be prepared to break everything down into easy to replicate skills. Many people lose confidence at the start, but can be successful with a little jump-start. Your job is to provide it.
My advice: keep training manageable. Guide your team through the necessary steps, and make sure they understand each step before progressing. Remember, the training given by your upline will be tailor-made for your product, service and industry.
Some people soak up the training and want even more. Ask your upline and mentors which resources they recommend to avoid the confusion of following every network marketing course online.
10. How to Use The Web To Your Advantage
The web is your best friend for attracting new network marketers; skilled networkers looking to change company, and customers that require your products or services. It’s the easiest way to funnel in prospects.
A targeted website (often provided by the network marketing company) will give you landing pages that help people make informed decisions and capture leads for you.
Giving away free reports or ebooks lets people look at the business without commitment. When they come back, you know they are right for your downline.
There are a variety of web tools you can use to spice up your presentations and make your product site stand out, and you can also show your downline how to do the same.
The web allows you to invest time and energy when it suits you. When you’re doing other things, your prospecting tools and personal training pages are still available 24/7.

3 Questions to Answer to Determine Network Marketing Success

Everyone will have an opinion about your products, services or network marketing opportunity, even though they may not investigate it as thoroughly as you. But since it’s your business, you need to make the final decision. Here are three questions to help you.
1. Is Your Product Essential?
Believe in your product. I can’t emphasize this enough. If you don’t, how will you convince others to buy it or to help you sell it? Get a product that your customers need or want regularly so you can make regular sales. If not, you don’t have a sales business. However, if your downline can make regular sales, you can still benefit. The better the product, the better the business. (Side note: if you are selling offline, then aim for exclusivity within your territory; that will improve your sales potential).
2. Have You The Time And Energy Required To Succeed?
There’s always some attrition in network marketing. People who see it as a get rich quick sales opportunity will leave when they see it takes time. And then there will be those who just can’t cut it.
Be sure that you have the time and energy needed to sponsor people who are willing to become part of your team, and enthusiastic about learning, gaining knowledge and replicating systems that work.
This is the time to be honest with yourself and set targets for your lifestyle and your goals. Don’t chase someone else’s dream – if it’s not yours, and you don’t put in the time, you won’t succeed.
3. Do You Want To Control Your Personal And Financial Life?
We’re back where we started. If you want control of your personal and financial life, a network marketing business is one of the best ways to achieve it. You will also need:
  • Consistency and enthusiasm to help you run an ethical business and teach others to replicate systems, whether they work online, offline or both.
  • Faith in your success so you work to create the ideal personal and financial lifestyle, for you and your family.
  • The awareness to avoid scams and unpleasant business practices.
  • Great communication and customer service to drive your business forward.
You may not become a network marketing millionaire, (you might!) but you can achieve great personal and financial success.

Network Marketing MLM Final Thoughts

Let me leave by saying turning leads into leaders (team building for duplication) is usually the underlying element that will make or break your network marketing success.
Here are 7 tips you can apply and implement to building a strong core in your organization:
A) Active Prospecting Vs Passive Prospecting (creating A Compelling Vision For Results)
B) Cold Market Vs Warm Market (obtaining And Increasing Targeted Traffic)
C) Closing More People Without Being Pushy, Rather Pulling (secrets Of The Masters)
D) Time And Energy Management For Maximum Leverage (attraction Marketing)
E) Avoiding The Landmines (switching, Flaking, Misleading)
F) Team Branding And Leading (teach One, Teach All)
G) Inner Culture (speaking On Futuristic Prosperity)
If you utilize and understand these seven contributing forces for MLM results – no matter how long you have struggled, what business your in, how many rejections previously dealt with, how you sound or speak – if you have the hustle and in your heart – THIS can work for you.
If you think about my introduction and network marketing story (some 6,000 words ago lol) – I did not know anything from anyone.
I know at least one if not all about you:
  • You feel nervous about talking to new people about your business?
  • You struggle to get leads?
  • You don’t know how to approach people about your business?
  • You don’t have a solid source of leads?
  • You feel you lack credibility as you’ve never made money?
  • You worry what friends and family think of you?
  • Money worries are piling up?
  • Retirement is around the corner and you have no savings?
  • You’re having real trouble building a solid team that “sticks”?
Well if they do – then I would like to end by introducing my well-dressed mentor and ‘bald head’ friend – Mr “We have a Better Way” Eric Worre of NetworkMarketingPro.com
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