Quite frequently, it’s multi-level marketing (MLM) that attracts people online to the idea of making money. The basic idea is simple. You join a company, as an affiliate, and then for every sale you receive a commission – simple. In addition, it’s necessary to bring in affiliates under you, so now when they make sales you also receive a smaller percentage commission from that.
But many people join MLM’s because they mistakenly believe they can make a lot of money, but they don’t have to do a lot of work.
But hey… why do all that work when your recruited affiliates will do it for you? But you will need a workable plan, and you’ll also need to put in sustained effort to make good money. Here are some strategies that have helped others win at MLM.
Follow up on every lead and prospect. When a lead says they need to think about it, then of course back off and let them do that. Then contact them again when theyíve had a couple of days to mull things over. It’s not uncommon to actually complete a sale after you’ve taken the time to follow-up and ask if there are any questions.
Most internet marketers assume that prospects will contact them again. Do not relinquish your control, you need to take charge and initiate contact. So – always follow-up to seal the deal. Donít expect people to order mass quantities of product from you because you mail or give out a few free samples. It’s possible that people will think well about you, but these free samples in no way will ever guarantee a sale. Make careful choices about who you give them out to. Choose the people you think are really pondering your products. Never give them to anyone too early in the whole process. Try to determine if a prospect can’t decide between a yes, or no. You can manage your money and avoid handing them all out too fast.
The best practice with your associates is to be honest with them about everything. Avoid the ‘high dollar’ earnings hype for others. Establish expectations that they have to work hard if they want to succeed. You’ll actually be doing them a favor by refusing to hype them about income. Then you will be spending more time on recruiting than you need to. So it’s really good to be totally open and honest with prospects. Just one result will be they’ll appreciate you more and want to work hard for you.
MLM success does not have to be elusive. In fact, with just a few simple steps, you could have your business up and running before you know it. Try to be level headed about it, and use your common sense with all things. Perhaps try to be the kind of leader you would like to have had in your career. It probably seems scary but donít worry too much about it. Find out what you have to accomplish to be successful, after you find out – do it.