Mlm System - Understanding The Benefits Of A Proven System
- Date: 2008-08-08 - Word Count: 559
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Taking the time to understand MLM can save you years of heartache and frustration. Knowing what works, is a huge part of that understanding. Too many people get off on the wrong foot in network marketing. The potential is there with the right company to build a solid income that you can retire on, but only if you have a tested, proven system that works to build your business. Part of that system needs to be an understanding of what prospects really want and need.
When you deliver real value to your prospects, you have a chance. If you don't deliver, they will keep on looking. What they want is not complicated They want to know if they like you, and if you like them. They want to know if your system is something they can do. %And they want to know if you can help them. You definitely need a strong plan to build relationships with people. Plus, you've got to put them on track to generate a steady stream of leads so they can build their business. If you just give them a simple way of doing these things, then you have a pretty good chance. People must know it's something they can do. Emphasize how straightforward and easy your plan is, and that it's very easy for them to learn and to teach others. Help them see that they are in a system that is very duplicatable, which is exactly what they'll need to for long-term success in MLM.
A lot of people start in network marketing with the idea that they want to get in position to make a lot of money. They've heard of people earning 7 figures a month. And it's true. It has happened. However, the key is to understand the numbers. Not long ago, a report was compiled of the financial statements of 7 well-known, publicly-traded MLM companies. The report revealed that compensation play payout to reps ranged from a low of 25% of gross income to a high of about 42% of gross income. Think about this. You'll always have just a portion of profits to the distributor base. Let's call it 40%. If you have a heavy hitter at that company making $1 million a month, what does that mean? Wel, for their work. The truth is, the LESS that heavy hitter is paid, the MORE that the part-timers get paid. And those folks account for 95% of everybody in MLM, and they are the ones who have the dream. A lot of prospects think it's wonderful when they see that one person get a huge paycheck. %In real life, it's often a very bad indicator for your potential to be successful in that company.
You get more on these ideas and many others in the ebook "Success In 10 Steps" by MLM veteran Michael Dlouhy. You can download the ebook free, and you may even be interested in the lead generator system that Dlouhy sells for only $20 a month. The book content strictly targets frustrated MLMers - those who have worked at building their downline without much success. Dlouhy spells out the "make a friend" formula that he has used, which has been very effective. Also, this approach has strong appeal to a lot of network marketers, which is probably why the lead generation system has been so productive.
When you deliver real value to your prospects, you have a chance. If you don't deliver, they will keep on looking. What they want is not complicated They want to know if they like you, and if you like them. They want to know if your system is something they can do. %And they want to know if you can help them. You definitely need a strong plan to build relationships with people. Plus, you've got to put them on track to generate a steady stream of leads so they can build their business. If you just give them a simple way of doing these things, then you have a pretty good chance. People must know it's something they can do. Emphasize how straightforward and easy your plan is, and that it's very easy for them to learn and to teach others. Help them see that they are in a system that is very duplicatable, which is exactly what they'll need to for long-term success in MLM.
A lot of people start in network marketing with the idea that they want to get in position to make a lot of money. They've heard of people earning 7 figures a month. And it's true. It has happened. However, the key is to understand the numbers. Not long ago, a report was compiled of the financial statements of 7 well-known, publicly-traded MLM companies. The report revealed that compensation play payout to reps ranged from a low of 25% of gross income to a high of about 42% of gross income. Think about this. You'll always have just a portion of profits to the distributor base. Let's call it 40%. If you have a heavy hitter at that company making $1 million a month, what does that mean? Wel, for their work. The truth is, the LESS that heavy hitter is paid, the MORE that the part-timers get paid. And those folks account for 95% of everybody in MLM, and they are the ones who have the dream. A lot of prospects think it's wonderful when they see that one person get a huge paycheck. %In real life, it's often a very bad indicator for your potential to be successful in that company.
You get more on these ideas and many others in the ebook "Success In 10 Steps" by MLM veteran Michael Dlouhy. You can download the ebook free, and you may even be interested in the lead generator system that Dlouhy sells for only $20 a month. The book content strictly targets frustrated MLMers - those who have worked at building their downline without much success. Dlouhy spells out the "make a friend" formula that he has used, which has been very effective. Also, this approach has strong appeal to a lot of network marketers, which is probably why the lead generation system has been so productive.
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You can get a free copy of the classic "Success In 10 Steps" ebook at michaeldlouhy.net website. Your Article Search Directory : Find in Articles
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