Web 2.0 For MLM, Network Marketing and Direct Sale

RSS Feed Homepage

Articles: 1, 2, 3, 4

Network Marketing - Selecting The Right Company
2008-03-28 21:36:00
Getting started in a brand new network marketing business can be very exciting for the average distributor. However, if you don't do a good job at selecting the right network marketing company for you, that excitement could very soon turn to dread and mourning! So many people have a bad experience and completely give up on the industry. Many of these experiences could have been avoided by simply selecting the right company to begin with.Here are five tips to help you in selecting the right network marketing company.1. The Company - How long has the company been around? If you select a company that has only been around for a few short years, just understand right off the back that you are taking a risk. Most companies go out of business within their first five years and out of the few that survive that period, most of them go out of business the next five years. Many people say that you shouldn't get involved with a company that has been around for a long time because that m...
More About: Marketing , Network Marketing , Network

Multi Level Marketing - The Good, The Bad & The Ugly
2008-03-28 04:15:00
Multi Level Marketing is one of the most powerful business concepts that we have ever come across in the history of world business. However, despite the thousands upon thousands of people that companies that have used this product distribution model have helped live a lifestyle that they would have only dreamed about, there is still a significant amount of people that have some absolutely terrible things to say about multi level marketing.Let's take a look at some of the good, the bad and the ugly facts about multi level marketing.First off, the good.Multi Level Marketing , is without question, in my opinion a business model that has changed lives for the better. I guarantee you that many people who have been successful in creating a full time income in this industry would have NEVER been able to create that type of income using traditional business or investing. This is because it offers several benefits that traditional business and investing simply do not offer.One of the maj...
More About: Multi , Multi Level Marketing , Good

Referral Marketing vs Network Marketing?
2008-03-27 04:14:00
A lot of people don't understand the differences if any between referral marketing and network marketing so today, I thought I would talk about the two marketing concepts so that it can become clearer to everyone.Referral marketing is a systematic approach that a company takes to maximize the growth of a particular business through the promotion of word of mouth strategies and techniques. When a company makes a strategic decision to promote its customers sharing the company's products and services with other people, this is known as referral marketing.Network marketing is a product distribution model in which a company uses a team of independent sales people to promote its products & services by creating an opportunity to be compensated not just for the individual sales that they make but also for recruiting other independent sales people and training those people to make sales. The sales person receives compensation also on the sales of the people they bring into the busine...
More About: Marketing , Network Marketing

How do I make money in MLM?
2008-03-24 21:13:00
So how do you make money in MLM? You know, it's interesting, I was speaking to one of my business partners a few weeks ago and we got on the subject of taxes and the amount of money you can make in MLM on a part time basis. He told me that his accountant was so amazed when he was getting his taxes done because of the fact that he made a very high five figure income last year from his MLM business on a part time basis.His accountant shared with him that he has a lot of clients that are involved in a wide variety of MLM businesses and that the average client makes about $2000 a year in MLM. That works out to a little over $150 a month. When you factor in the costs of meetings, trainings, increased minutes on your cell phone bill, subscription to your company's voice message communication system, regional events, national or international events, leads, advertising costs, marketing tools and materials, product inventory if you are in a business that requires inventory, the averag...
More About: Money , Make Money , Make

Herbalife Compensation Plan - A Review
2008-03-21 20:01:00
Earlier this month, I wrote a post explaining how different MLM compensation plans work and what you should look for when reviewing the compensation plan of various MLM companies. If you read that post, you will know that I promised to take some time to review the compensation plans of different MLM companies as an example so you can have a better understanding of how to review a MLM compensation plan. If you are interested in reading my previous post, you may do so here.Today, we take a look at the compensation plan for Herbalife International. This compensation plan explains how a Herbalife independent distributor gets paid when they get involved in the company. The first area you need to take a look at when evaluating the compensation plan is the start-up cost to join Herbalife's team of distributors. The initial start-up fee is only $49.95, which I believe is a very reasonable and very affordable fee to get started in a business. This automatically puts you at the first le...
More About: Review , Compensation , Plan

How to recruit local distributors for your network marketing business
2008-03-20 22:01:00
In the age of the internet, one area that has been sorely lacking for many network marketing distributors is the building of a strong team locally. Many people falsely believe that gone are the days of in home meetings, hotel meetings and large local events. Actually, incorporating these type of events with the power of internet prospecting can be a deadly 1-2 punch for the wise distributor.I recently came back from my company's convention and at the convention they gave out awards to the top recruiters for the year 2007. I actually know three of the top 7 recruiters that were recognized and you know what they all had in common?They all combined the power of the internet with the power of building for local events.The question is how do you use the internet to build your local market?Many of the strategies that you will learn in regards to prospecting over the internet will allow you to generate an impressive database of prospects. However, with many of these prospecting techni...
More About: Marketing , Business , Network Marketing , Network , Local

How To Handle Any Objection Quickly
2008-03-17 03:07:00
One of the biggest challenges that distributors in multi level marketing face is handling objections from prospects. Many times, distributors get nervous or even frustrated when a prospect gives objections as to why they cannot or will not get started either as a customer or as a distributor. However, if you learn how to handle objections, you will significantly increase the amount of customers you are able to sign up or distributors you are able to recruit into your multi level marketing business WITHOUT increasing the number of prospects you need to speak to.When dealing with objections, one of the key skills that you need to develop is to be able to determine whether the prospect is giving you a true concern or whether the prospect is simply not interested and is just trying to get rid of you. It makes no sense to try to handle objections from people who simply have no interest in what you have to offer. The best way to determine whether you have a true objection or not is to ...
More About: Handle

Exploiting the Power of an MLM Forum
2008-03-14 12:29:00
Exploiting the Power of an MLM Forum by Victor RodriguesInformation is power and in the world of multi level marketing (MLM) there is nothing more powerful than a MLM forum. Yet be warned that not all forums are created equal and even though some offer an astounding array of niches and rooms where information may be gleaned quickly, easily and succinctly, others turn out to be little more than network marketersâ?? tepid attempts of dressing up their promotional campaign under the guise of a forum approach. Exploiting the power of an MLM forum requires you to spend a bit of time there to get a feel for the posts and posters and to be able to ascertain the genuineness of the information provided. Begin by simply checking out some of the bugger forums devoted to multi level marketing and look around. Is there lively discussion about a plethora of network marketing opportunities or does the forum seem to be devoted to one or maybe two different products or programs? The narrower the foc...

The Importance Of Attending Your Company's Convention
2008-03-12 23:16:00
I just arrived in Oklahoma City, Oklahoma for my network marketing company's international convention that is taking place this week. Interestingly enough, a lot of people in our industry don't see the value in attending their company's convention. In fact, in many cases it is looked down upon, frowned upon and referred to as a "rah-rah" session.That couldn't be further from the truth.Ever since I got involved in the network marketing industry, I made it my business to attend my company's convention each and every time the company has one. The reason why is because I realize the importance of attending it and the benefits that it provides.I hope to convey to you today what these benefits are so that if you haven't made it a practice to attend, you will do so.The first and foremost reason why you want to make it your business to attend your company's convention is to receive training. At most conventions, the company you are working with takes some of the highest income e...
More About: Convention

Can You Make Money In Network Marketing Without The Internet?
2008-03-10 14:50:00
There was a recent report that came out a few months ago entitled "The Death Of Network Marketing ." Pretty much the premise of this report was that unless you embrace internet marketing strategies and techniques, it would be extremely difficult, if not impossible to build a successful network marketing business.If you have been reading this blog for any length of time, you will know that this is something that I strongly disagree with. Prospecting online is just ONE of MANY strategies a distributor can employ to successfully build a network marketing business. That's like saying you can't build a successful retail operation unless you market online.In any case, Todd Falcone, a multi-million dollar income earner in the network marketing industry recently recorded a conference call where he interviewed several top six and seven figure income earners in network marketing. I found their comments very interesting.Check it out here
More About: Internet , Money , Network Marketing , Make Money

The Mindset of A 7 Figure Income Earner In Network Marketing
2008-03-08 21:54:00
I just received this email from my up-line Diamond Executive Director in Pre-Paid Legal Services. This is a gentleman that has earned over 6 million dollars with our company. I thought this would give you all some great insight as to how the top people in our industry think.A couple of notes to help you understand some of the terminology used:Diamond Executive Director - An individual that has created 11 lines of sponsorship in which at least one person in that line of sponsorship has reached the executive director level.Executive Director or ED - The leadership bonus position in Pre-Paid Legal. In order to qualify for ED, you must reach the 5th position in the compensation plan (called Director), help at least one other person on your team do the same and have 75 sales come through your organization in any given month with no more than 25 sales from any one line of sponsorship.Platinum - Stands for Platinum Executive Director. This is an individual that has created 4 lines of s...
More About: Marketing , Network Marketing , Network , Income , Mindset

Free Exclusive MLM and Biz Opp Leads?
2008-03-06 22:13:00
Free Exclusive MLM and Biz Opp Leads ? Is this actually possible or is this just a pipe dream?Well, first things first, one of the biggest misconceptions on the internet is the concept of a free lead. There is NO SUCH THING as a free lead. A lead is ALWAYS going to cost you something. To generate a lead either requires a financial investment on your part or, in the case of a free mlm lead, it requires the investment of your time. An investment of your time is ALWAYS more expensive than an investment of money. You can always make more money to replace any money that you have invested in the past. However, you can NEVER make more time to replace time that you have invested. Once time has been invested it can NEVER be gained back.Always remember that.Therefore, whenever I refer to generating a "free lead" I am referring to a lead that DID NOT require an investment of money to generate.With that understanding in mind, let's now talk about generating free exclusive mlm leads. Is i...
More About: Free

MLM Secrets of Success - The Power of Branding Yourself
2008-03-06 03:43:00
MLM Secrets of Success - The Power of Branding YourselfBy Jonathan BuddThere's no better marketing tool than name recognition. Name recognition is how major corporations continue to push small business out of various markets. They design a new product, put there company logo above the product name and it sells because people trust their other products.It's easiest and most effective to run a small business staying involved in a single niche... but obviously it isn't the most profitable and keeps you at a certain level, the small business level. Since different niches overlap in certain ways the only way to accomplish effectively marketing in different niches is too develop name recognition. With a percentage of a specific niche already aware of your ability to deliver a product you have your foot in the door with them.If successful with two different niches for a solid year or so your business now has potential limbs into many various niches with your name already creeping in...

Compensation Plan - How to evaluate a MLM comp plan
2008-03-04 22:42:00
One of the most confusing subjects in MLM and network marketing is evaluating the compensation plan. It's a shame really. How in the world do you expect to make significant money as a distributor in your network marketing company if you don't even understand how you get paid and how you are compensated?While you don't need to know every single detail of the compensation plan, you do need to know enough to figure out what you have to do in order to reach your income goals. Today, I'm going to go over the five different types of compensation plans available in network marketing as well as how to evaluate the compensation plan for any network marketing company you are considering participating in.While no compensation plan is the same, I have found that most network marketing companies based their compensation plan on the following five systems:1. The Stairstep breakaway compensation plan2. The Unilevel compensation plan3. The Binary compensation plan4. The Forced Matrix co...
More About: Comp , Compensation , Plan

Does Traditional Network Marketing Work?
2008-03-02 07:56:00
In a word...Yes.While I prefer to use the internet to build my network marketing business, the large majority of my team builds their business using traditional network marketing strategies. I got a young lady on my team who is at level 4 in our comp plan whose organization last month put out production that many people at level 6 in our comp plan would envy!The gentleman 2 levels above me earned over $80,000 last year in our network marketing business part time. He can't even spell internet.Anyone who tells you traditional network marketing strategies don't work, they are either naive, stupid or have an agenda, plain and simple.Check out this conference call featuring 6 and 7 figure income earners who built their entire businesses using traditional network marketing strategies.http://podcast.toddfalconelive .com/2007/12/19/the-death-of-network-mark eting-myth-crushed.aspx================== ==============Roosevelt Cooper is an expert at helping individuals involved in MLM, network ...
More About: Marketing , Network Marketing , Work , Network , Traditional

Taking Advantage Of Your Company's Promotions!
2008-03-02 02:01:00
This is a topic that I really don't see talked a lot about on the internet but could literally make all the difference in the world if you know how to run with it.For many of us, our parent network marketing company may run promotions from time to time. These promotions are limited time events that make it easier to recruit, make money and/or advance up the compensation plan.For example...Let's say your company distributor fee is normally $300. Yet your company offers a limited time promotion where distributors can get started for only $100. That is an example of a promotion of the start up price.Another example...Let's say that normally to get promoted to the 2nd level in the compensation plan, you need to recruit 5 distributors who each purchase X amount of product. However, your company offers a promotion where for a limited time you can get promoted by recruiting 2 distributors who each purchase X amount of product. That is an example of promotion of advancing through th...
More About: Promotions , Taking

Forum Attraction Marketing Web 2.0 For Network Marketers
2008-03-01 05:29:00
Here's an article about a strategy that certainly isn't talked about as much as it should be. I have used this strategy to recruit distributors in the past as well as other distributors in my organization and best of all it's free! So check this article out and if this works for you and your business implement it immediately!Roosevelt CooperFree Web 2.0 For MLM Report=================================== =====Forum Attraction Marketing Web 2.0 For Network Marketers By Carl CoffinThere are literally thousands of online forums. A forum is essentially a community of like minded people who post and share in discussions. As a network marketing professional I know that I need to be networking every day. Forums enable you and I to leverage our time, learn from others, and generate prospects for our business.I have used many forums in the past, however my favorite forums are the RichDad Forum and the Magnetic Sponsoring Forum.The first thing you should do when looking for a forum to mar...

How to get free traffic to your network marketing web site
2008-02-28 16:43:00
One thing that I love about building my network marketing business online is the ability to generate leads for my business for free. The internet is one of the only marketing vehicles out there that allows you the ability to generate leads and sales for your business for absolutely no cost whatsoever.This is very powerful!What happens if you have a distributor on your team who has gone through his warm market has worked with his team, but unfortunately has no more prospects to talk to and doesn't have any additional money to invest to get more prospects to talk to? Most distributors would be stuck and have nothing to offer them.However, if you understand internet marketing you will know that there are many ways to generate prospects for your business for zero cost.The following are some suggestions that will help you to generate free traffic to your network marketing business web site.1. Traffic Exchange programs - Generally, I'm not a big fan of traffic exchanges because I bel...
More About: Marketing , Network Marketing , Free , Network

Is Network Marketing the "Perfect" Business?
2008-02-27 20:27:00
It is often said that network marketing is the perfect business. It seems logical that many people in the business say this, since a statement like that could draw new people into the business. "This really is the perfect business!" could be just what your prospect needs to get the courage to make the decision and join your network marketing company. But is that all it is? Just a great statement to be used in an attempt to close people, or is there actually any truth to it?Of course not everybody shares this positive image of the industry. Many people think quite the opposite of network marketing. Bus loads of people would laugh when someone would refer to it as 'the perfect business' because they don't even consider it a business in the first place. They might still have the picture of a bunch of housewives gathering around the kitchen table to sell each other plastic cups and lingerie as a hobby. Obviously not everybody evaluates a business by the same criteria but with global ...
More About: Marketing , Business , Network Marketing , Network , Perfect

How Barack Obama Can Help You Recruit More Distributors In Your Multi Level
2008-02-27 00:03:00
A couple of years ago, nobody ever heard of Barack Obama . Now he is the front runner for the democratic nomination and could very well be our next President of the United States. How is it that Barack Obama has seemingly come out of nowhere to potentially become one of the most powerful men in the world today and more importantly, how can you use it to recruit more people into your multi level business?It's quite simple.If you really take a look at what his message is, Obama is basically offering the American people two things. He is offering hope and he is offering change.As a result of this message, he's got thousands upon thousands of people lining up to see him speak like he was a rock star or something. He raising millions upon millions of dollars in donations. He's getting endorsements left and right from very powerful and very influential people. He's also whipping the butts of one of the most powerful democrat families in this primary in the form of the Clintons.If...
More About: Multi

How To Deal With Attrition In Your Network Marketing Business
2008-02-25 17:14:00
I was recently reading a discussion board and one of the topics that was posted was about attrition in network marketing. The person asked if there was any way to stop attrition in network marketing and if not how do you limit attrition in your network marketing business. In order to understand how to effectively deal with this, you must understand the bucket theory.Building your network marketing business is like pouring water into a bucket. However, this bucket has a hole at the bottom of it that cannot be repaired. Therefore in order to keep the bucket filled, you must pour more water into the bucket on a regular and consistent basis then you have leaking out of the other end of the bucket.There are many ways that you can deal with attrition in your network marketing organization.The number one way to deal with attrition is to work on your personal recruiting. Recruiting is like increasing the amount of water that you are pouring in the bucket. The more people you personall...
More About: Marketing , Business , Network Marketing , Network , Deal

MLM Creative Ideas - How Ron Paul, iPhones and American Idol Will Help Your
2008-02-24 19:55:00
This is amazing.I was just watching a video on someone's blog the other day and the gentleman on the video was talking about how long it took for him to get to a point where he had 1000 people visiting his blog on a monthly basis.When asked what did he do to get so many people to visit his blog, he spoke about taking advantage of popular trends like American Idol , Ralph Nader running for president the 106 carat diamond that recently went for sale, the Oscar ballot and more!Then I come across this article today and he's talking about the EXACT same concept. The only difference is that he's talking about it from the prospective of how you can use it to help you recruit for your MLM business opportunity.So, first, I'm going to share the article with you and then I'm going to share with you some additional ideas to help you implement this very effective strategy.===========================MLM Creative Ideas - How Ron Paul , iPhones and American Idol Will Help Your MarketingBy Raymo...

Why You Should Have A Passion For Residual Income
2008-02-24 03:25:00
You really truly should have a burning passion to build a lasting residual income. What does income mean to you now? It means having the money to eat, have shelter, pay living expenses. You need a constant income to meet your needs and be comfortable.Mostly people's income is obtained from the work they do, the hours they put in to a job. That situation poses problems. There is a real danger, which is also a common harsh reality many people have found themselves having to unexpectedly go through. Perhaps you right now are in the condition of being in between jobs.Many have faced the tribulation of lost income. It is a dire situation that happens through being let go by your employer for any number of reasons or no reason at all.Downsizing, cutbacks, firings, weeding outs, whatever. Maybe you did something wrong. Maybe you did not. Maybe you got too close to retirement age. Maybe you got too worn out to keep up with production - getting overworked takes its toll. Maybe you've gotte...
More About: Residual Income , Passion , Income , Residual

Are You A Recruiter Or A Sponsor In MLM?
2008-02-21 19:49:00
There is a difference between being a recruiter and being a sponsor in MLM. A recruiter is someone who is able to successfully convert prospects into new distributors for their company. Many people believe that the top recruiters are the ones who make the most money in MLM. This is actually not correct. It is the top SPONSORS that make the most money in MLM.So what's the difference?A sponsor is someone who has mastered the art of sitting down with a brand new distributor and helping that new distributor get into activity mode. A good sponsor will out earn a good recruiter any day of the week.I was recently looking at a report that my company produces that shows the top recruiters in the company. Interestingly enough while the people that were at the top of the list were making money, they weren't making anywhere near as much money as the people who didn't recruit as many people but were better at getting their new recruits into activity mode.So how do you become a good spon...
More About: Sponsor

What Does An MLM Or Network Marketing Guru Know That You Perhaps Don't?
2008-02-21 05:32:00
I came across this article the other day and I found it very interesting. While to be quite honest, I don't believe most people who get involved in network marketing can pull this particular strategy off effectively to have success, if you are one of the few that can, you can become a very serious player in the industry. I think a better approach for the average person of this strategy is to become an affiliate for someone already doing this, similar to the Magnetic Sponsoring program. Check this article out and let me know what you think!Roosevelt CooperClick Here For Your Free Direct Sales Training ReportWhat Does An MLM Or Network Marketing Guru Know That You Perhaps Don't?By [http://ezinearticles.com/?expert=Veronic a_West]Veronica WestHave you ever been in the situation where you have joined your MLM or Network Marketing Company, made the commitment to give it a go and then six months later you have no upline support. I don't necessarily mean your immediate sponsor I mean ...

Are You A Rocking Horse In Your MLM Business?
2008-02-19 18:55:00
I recently read a quote that goes as follows:"Do not confuse motion and progress. A rocking horse keeps moving but does not make any progress"-Alfred A MontapertThere are a lot of "rocking horses" in the MLM industry. Are you one of them?Too many people confuse motion and progress. Our upline and company leaders don't help in this regard either. They say things such as..."All you have to do is follow the TTMP principle...Talk To More People!""Massive Activity Equals Massive Results""I follow the three foot rule. Anyone that gets within three feet of me is going to hear about my business!""Make up in numbers what you lack in skill."Now don't get me wrong. Activity is very important when building a MLM business. If you aren't that good yet, you can in many instances make up for it in numbers. I'm not debating the value of massive activity by any stretch of the imagination.However...There are too many people in this industry that, in my opinion are working ENTIRELY too hard...
More About: Business , Horse

Do Scripts Work In Network Marketing?
2008-02-18 16:44:00
There are many trainers that advocate the use of prospecting scripts when a distributor is moving a prospect through the recruiting and sales process in network marketing. There is a tremendous amount of value in using scripts in network marketing. However, the value isn't what most people think.Many distributors use scripts because they are looking for the perfect words to say to their prospect to get them to sign up as a customer and/or as a distributor. They believe that since the script was developed by someone who has had a lot of success in network marketing, all they need to do is say the same words this successful person says and they will have success as well.This, however is not true.The power of the script does not come from the specific words that comes out of the mouth of any one distributor. There are two factors that determine the effectiveness of a script and believe it or not, the specific words is not one of them. The factors are...a) The conviction and post...
More About: Marketing , Network Marketing , Work , Network , Scripts

Four Tips to Get New MLM Distributors Started Right
2008-02-15 05:06:00
As a leader of your MLM team, the recruiting of a new distributor onto your team is only the beginning of your job. Your next responsibility is to assist him or her in getting started right.Inventory is critical in any business, especially a MLM business. You want to make sure your new team member has enough inventory to do business. Here are four tips to help your new MLM distributors launch their business instead of just start their business.1. Personal Use: The quickest way to learn the business as well as be sold on it is for new distributors to actually use the company's products and/or services. If the person doesn't make an effort to use any products and does not believe in them, should you have even sponsored him or her in the first place? Make sure your new folks are not only sold on at least 2-3 products and/or services, but actually uses them.2. Retail Sales: If you are selling a physical product, you need to make sure your new distributor has an inventory of produc...
More About: Tips

Are You Maximizing Your Multi Level Marketing Compensation Plan?
2008-02-13 20:18:00
So you joined a multi level marketing company and you are very excited about it. You plug into the system and begin to market your products & services. However, over the course of weeks, months or even years you take a look at the income that you have been paid and you realize that you are not satisfied with your income.How do you rectify that?One question you really need to ask yourself is "Am I maximizing the compensation plan?"Sometimes I hear leaders in the industry say that you don't need to understand the compensation plan. All you need to do is go out and talk to more people. I disagree.Would you take a job if you didn't know how you were being compensated?Of course not. That's common sense. One of the primary reasons why you are taking the job to begin with is the compensation. So why do leaders tell their distributors that they shouldn't understand how they are being compensated?Now, at the very same token, I don't believe that you should be spending ALL of y...
More About: Marketing , Level Marketing , Multi , Multi Level Marketing , Compensation

Work Smarter Not Harder In Your Network Marketing Business
2008-02-11 21:46:00
It's a numbers game...Exposure is everything...The person who talks to the most people makes the most money...How many times have we heard these sayings in our network marketing careers? Probably all the time. While these sayings are very true, many times if we aren't careful, these sayings can actually HURT us in our business instead of help us in our business.Yes it is true that network marketing is a numbers game. However, I want you to consider the following:Are you familiar with how to mail a letter or a package? Of course you are. Let's suppose that I was going to pay you $1 per person for mailing out a letter for me to a list of people that I had. I have one million people on this list with their names and addresses. I provide you with the names, addresses, the letters and the postage.Is there a right way to mail this letter and a wrong way to mail this letter?Absolutely. If you put the letter in a million envelopes but forget to put the stamp on it, it doesn't m...
More About: Marketing , Business , Network Marketing , Work , Network