Tweet

Are You Making The Profit You Thought You Would In Your Network Marketing Business?

Guest post by: Sharon Shirley

Article Overview: The number one reason why any one of us are in business is to make money, if you're not making the money you thought you would in your Network Marketing Business, or in any business for that matter, you need follow these simple rules.

Are You Making The Profit You Thought You Would In Your Network Marketing Business?

The number one reason why any one of us are in business is to make money, if you're not making the money you thought you would in your Network Marketing Business, or in any business for that matter, you need follow these simple rules.

Stand back and take an objective look at your businesses, what was the profit you decided you wanted to make when you started your business? "What", I hear you say "I can't decide what profits I want to make until I've been in business for a while". What profit you want should the starting point in any business, without that how will you know what activities and decisions you need to make to achieve your profit goal.

I suggest you write down how much profit you want in the next month, three months, six months one year, five years and ten years. Break that down to how much profit you want every week and then every day.

Now work backwards and realistically list all the actions you need to do every day to achieve that profit margin. How many Pay Per Click PPC adverts do you place in a day for example, how many articles/press releases and videos do you need to generate the profits you desire?

What decisions do you have to make to achieve these actions, for example turning off the 'electronic income reducer' in the corner, spending those hours's a day on your business instead.

Your actions will produce leads, and inevitably sales will come from them, which will lead to more cash in your business. Those that are successful in creating profits then use that cash to purchase assets. These assets could be more PPC advertising or maybe in conventional business as an example, another van to transport your goods to your customers.

The five things you need to know about your business for it to grow are:

1. What is your Profit Margin %?
2. Where is your break even point?
3. What are your conversion Rates in %

Leads:

• Where do they come from?
• How many can you convert?
• What is their overall value to your business?
• How many customers do you need to talk to?

4.Repeat business, buying from you again and again or up selling your product

5.What is the value of each transaction you make in £$

I hope this quick overview helps you look differently at your business and where you could improve to increase your profits.

Related Articles
  Affiliate Sales vs. Network Marketing: Which Is Best For You?
  The Pursuit of Fast and Easy money – A road to disaster
  3 Keys to the Best Network Marketing Opportunity! ~WEALTH GUARANTEED
  Top 3 Network Marketing Lead Generation Methods When Marketing On A Budget! ~GUARANTEED SUCCESS
  Network Marketing Business Opportunities - A World Of Choices
  Why Start A Network Marketing Business As Opposed To A Traditional Business?
  What Separates Successful People From Unsuccessful People?
  Home Party Plan Business Marketing - Finding Business
  Is It Hard To Earn Money With A MLM Home Business Today?
  Guarantee Your Success In Network Marketing Jobs! ~PART 1
  Network Marketers: When Do You Throw In The Towel?
  Build A Home Based Business With Network Marketing
  The Birth Of A Network Marketing Company
  Make A Fortune With Your Network Marketing Downline! ~SECRET TO WEALTH ONLINE
  Why Network Marketing and Direct Sales Works
  Network Marketing Business Canada: A Place to Start a Business
  Only Coffee Ice Cream Available.
  Do You Want Lady Gaga On Your Network Marketing Team?
  Valuable Business Advice
  Why Most People Fail In MLM Multi Level Network Marketing! ~SECRET TO YOUR FORTUNE

Article Tags: money, network marketing business



Related Forum Posts
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.
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.
A ton of Great Women - You might want to profile Teresa Cascioli of LakePort Brewery. She has an amazing story! I met her at at the celebratory luncheon for the Profit/Chatelaine Top 100 Women Business Owners. The Top 100 list is also a great resource for inspirational stories of Women Entrepreneurs.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Why SEO is important for your online success

The Difference Between Management And Leadership

Why Small Businesses Don't Survive

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.