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How to Expand Your Network Marketing Business in the “New” Economy
| Guest post by: Kevin McNabb |
Article Overview: Kevin McNabb pulls from his 24 years of network marketing experience to offer some much needed strategies to expand ones network marketing business. These strategies include what you can do within your business, within the marketplace and with yourself.
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Free Download - MLM Resource: Build Your MLM Business by Leveraging the Power of ViralHosts By Kevin McNabb |
How to Expand Your Network Marketing Business in the “New” Economy
I would like to take the time to welcome you to the “new” economy.
My recommendation for any network marketer interested in expanding their
business in this economy is to first realize that we are in a “new” economy and
the old way of doing things is just not good enough.
As this “new” economy starts to reveal itself to the masses, a large
majority of the people you will come across will be in panic mode. Almost all
of us have never experienced an environment like the one we find ourselves in
today.
Do you want to know what to do?
Here is the formula. The bad news is this formula is going to require
that you come equipped with a much better work ethic than you had in the past.
Here are some simple strategies for converting your business in such a
way so that you will actually expand while others won’t.
1.
Defend your business (customers and down line) with your life. A strategy
that is prevalent in the marketplace is to pillage other organizations. Make
sure you are prepared for the on slot.
2.
It’s about the relationship you develop with your prospect, not how much
it costs to join your opportunity. If you are constantly getting the objection
of price, then you better learn how to overcome that objection. The easiest is
to learn how to create rapport with the prospect.
3.
All the tasks you put off when times were good, you better be prepared to
do them right now. When times are good, we all get lazy. It is time to wake up
and take charge or someone will step in and just take.
4.
You need to be constantly reviewing your business habits and not settling
for second best. Each and every day we need to review ourselves. If we did
well, rehire yourself for the next day. If not, fire yourself and hire that
person within you that can get the job done.
5.
Network like you have never networked before, and then network some more.
Does this mean you should be talking about your business each and every minute
of the day? No. However, we all could do better about being more aware of the
people that surround us daily.
6.
Add value to others without the thought of receiving something back in
return and become known in the network marketing community. Just like in
network marketing where you work, work, work, get paid, the principle is the
same give, give, give and eventually it will pay-off.
7.
Remember, most likely everyone else is scrambling to make corrections
with their business, make sure it isn’t you. Understand the situation we are
all in and decide not to focus on anything else but moving your business
forward.
8.
It is all about personal branding and not about your company, product or
service. When you decide to market something, market yourself and forget about
the company, product and service. People are really buying you anyway.
9.
Ensure that all decision you make about your business and advice you
offer your down line will still be good 5 years down the road. Sometimes we
make decisions based on income or because of pressure from our up line. This is
your business and you will have to live with your decisions.
10.
Focus on what is good about your team, your opportunity and your
industry. Leave the whining to others. I look at network marketing like a
buffet. I walk down the table and put the things I like or want to try on my
plate. I don’t go back to the table and whine about everything on the table
that I disliked.
11.
Work on your attitude each and every day. Make sure you read this
correctly. This says work on “your” attitude each day, not on someone else’s.
12.
Invest in your business and specifically personal development. Stop looking
at it as an expense. The best investment you can make is in yourself. Make sure
you don’t leave this out.
13.
Differentiate yourself from others in everything you do. This starts with
your communication skills. Look at everything that you need to do in your
business and decide to “master” each area.
14.
Work your business to leverage the power of technology, as well as, the
fundamentals of traditional practices. Technology is an awesome resource to use
to build your business. However, it will never replace the personal contact and
relationship building necessary to build a large organization.
15.
Understand that you need rejection in the marketplace. You do not want
everyone to join your business. Sometimes when people first start out they
don’t care who joins there business, as long as it is a warm body. You need to
be more selective in who you work with.
16.
Build your business on an International scale. The best way to leverage
your business is to recruit people around the world and then your business will
never be closed.
17.
Build your business during business hours and yourself during all other
hours. This does not mean 9 to 5. It means that you need to focus building your
business when it is appropriate to talk with people and then out work on
yourself the rest of the time.
18.
Lead by example carefully. What you do right, your down line will do 50%
of the time. What you do wrong in your business your down line will do 100% of
that. Don’t expect someone else to do what you are not prepared to do yourself.
19.
Write your goals out. Put them in front of you and review them twice a
day until the list is complete. If you have heard this before, my question to
you is, “Are you doing it yet?”
20.
If you are building a business for the future, you better be positioning
yourself to be there to enjoy it. I hope that you are taking care of your
health by eating right and exercising. If not, perhaps you should put your
business in someone else’s name and save time.
21.
This is your business, act like it. It is time to stop thinking that your
success or failure is the responsibility of the opportunity or your up line.
Some people get in a business, do nothing and wonder why their business does
not work. The business works when you work the business.
In conclusion, all that is necessary to expand your business is to master
these strategies.
·
Remember to take care of your down line and your customers.
·
The shape of your business will be decided on how much you improve
yourself.
Summary: Stop whining and get to work. It is a business.
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Referred by: http://jaykubassek.com
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About the Author: Kevin McNabb RSS for Kevin's articles - Visit Kevin's website Called The Responsible Network Marketer(TM), Kevin has spent the last two decades teaching people how to build their network marketing businesses in a responsible manner. In 1985 when Kevin entered the network marketing profession, he also began his journey into the world of personal development. Kevin was so heavily influenced by his personal development journey that in 2008 he introduced his own personal development series designed for the direct selling profession called, The Responsible Direct Seller(TM). In 2000, Kevin began dedicating himself full-time to writing, speaking and building his network marketing business. Each year he speaks live to more than 100,000 people. Known as a dynamic communicator, he is in high demand on the topics of personal development and responsible marketing, and he speaks to many entrepreneurial organizations. Click Here to learn more about the hidden marketing strategies of the top earners in network marketing. Click here to visit Kevin's website   MLM Distributors Dont Need to Fake it to Build Your MLM Business The Anatomy of a Network Marketers Personal Commercial MLM Leads Generation How MLM Distributors Can Profit from Twitter MLM Leaders are Created When an MLM Distributor Develops the Right People Skills Raiders of the Lost Network Marketer |
Related Forum Posts
Network Marketing Business
- Hello all,
Recently, I had join a Network Marketing Business on a part-time basis. Does anyone here who has some knowledge on this type of business? I want to learn as fast as I can from all the gurus here
Why do people hate Network Marketing / MLM?
- I've been looking at a number of different opportunities and end up meeting a lot of Network Marketing / Multi-Level Marketing people.
Some of the offers look interesting but everyone I talk to about it says to avoid these guys like the plague - what's the deal? Why do people hate network marketers and MLM people so much?
Is it not legit?
Re: MLM Marketing, youtube, and buzzirk mobile.
- I have experience with MLM too. My initial reaction to the business was "snake-oil salesman" but once I got to understand the "overall business model" I am now an advocate to it.
MLM (Multi-Level Marketing) is also known as Network Marketing. I realized an MLM business is no different than any other business. One needs to focus on both words "Network" and "Marketing" and give both equal respect. Some people focus heavily on the Networking part but forget "Marketing".
I've started to use Building on a Budget and Magnetic Sponsoring concepts in my NM business and have found that people don't get involved so much because of the product but more because of what you bring to the table as far as marketing systems and support.
I have both products listed in my signature. you don't have to buy it as the link to the free videos itself provides you a good understanding of what is required to position yourself as my above paragraph.
If you do plan on purchasing it I can tell you that the measly $40 will open your eyes BUT your upline will not be too happy (atleast in the short term) beacuse the system is not duplicateable.
I wrote this post as a polar post to Bulmer's reply as I have exhausted the friends and family networking and realized i never really focused on marketing. My leads now are more qualified and open to hearing about my opportunity than the other way around.
my 2 cents if you plan on growing an MLM or Networking Marketing business.
10 best franchises to get involved
- My advice is:
1) Go to the library and start reading business books (accounting, finance, etc.)
2) Go to your local community college and enroll in night classes
3) Join the local Chamber of Commerce
4) Network / Network / Network -- through the above sources.
Once you have spent two years doing the above, then look for a 55 - 60 year old business person that is looking to reduce their time in the business. Then you can work on a sweetheart financing option.
Re: answer this question
- This is a good topic. I haven't done anything, yet, to seriously damage my business. I did shift gear though. It was the best decision I ever made. For me, affiliate marketing was not working. Making the switch to Network Marketing made all the difference.
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