Which
of These 7 Mistakes Are You Making In MLM?
Joe Schroeder
You've done it. You've signed up with a network marketing company.
You're ready to get started with your teams advertising system.
You're ready, set, go. All the ads hit, you're excited. Like a
kid who can't wait to go to Disney World, you wait for the responses
to pour in.
After
2-3 days... Nothing.
Why
didn't anyone respond?
Don't
worry. You're not alone. Matter of fact, this is a common scenario
in MLM. People get jazzed, sign up with their uplines co-op, fire
off a few hundred emails, get the postcards, and nothing comes
of it.
Marketing
experts they are not. You, of course, are smarter than that, which
is why you're reading this special report right now. You want
to know the top 7 mistakes people make in MLM, and you want to
know the solutions to them.
Here
they are:
Using
"Institutional Advertising"
Institutional
advertising is advertising that does not focus on your prospects.
Rather on you, your company, your pay plan, your products, your
bonus pool, your packaging, or the sales people at the home office.
Anything that does not focus solely on your prospect is institutional
advertising. Think of Coke-A-Cola. That's institutional advertising.
Their sole purpose is brand their name into your mind. That way
when you get thirsty and want a soda, you buy a Coke.
You
must focus on your prospects ego and their desires. What they
want takes priority over what you or the MLM company you're with
wants. Tell them what's in it for them.
Solution:
Create prospect focused advertising and drop your ego and appeal
to the prospects ego.
Fell
Into Managment Mode
This
one is a biggy. In order to make money in network marketing (or
in direct selling) the life blood is new business. For the first
2-3 years new business is what drives your income. If you spend
all of your time managing people and none of it actually aquiring
new business you'll fall into a mode where your income levels
off or just drops. This is managment mode and it will stop you
dead in your tracks from making long term income from MLM.
Solution:
Always be moving forward, building your group. Leading by example.
By building.
Making
MLM Your Business
One
of the most sobering and completely real facts of MLM is that
you do not own your own MLM business. At any moment in time the
network marketing company you're with could shut it's doors, change
it's policies, cut the popular products (not likely, but happens)
or any number of things that would instantly stop your income
or cut it by 50%.
Making
MLM your business limits you. Stops you from seeing all of the
possibilities outside the MLM industry. Instantly turning your
income into something that is in reality, not yours. Make MLM
a part of your business. Not the sole reason it exists.
Solution:
Expand your business into other areas. Not just MLM.
4.
Not Being Personal
MLM
takes time, money, more time and more money to develop. As does
any profitable business. However, in the day of emails, fax machines,
web sites, online video, and super technology, it is easier than
ever to forget you are working with real live people with real
live problems and worries. Adding a personal touch to the process
will build your credibility, and build trust with those you plan
on working with.
Solution:
Add a personal touch and build trust
Not
Being Realistic
Technology
makes it easier for you to contact more and more people at an
ever growing rate. Which leads some people to hype up their claims.
Hyped up claims are not always so outragous they instantly appear
full of hype. Some of them are subtle, like, "No direct selling."
Which seems like a benefit, because people hate to sell. In truth,
direct selling is network marketing. You are not as aggressive
about it. But you will, and always be selling something to someone.
Soltuion:
Be Realistic and understand network marketing is a selling business.
Losing
Focus
Losing
focus is easy. Thousands of ways to advertise and reach your market
exist. Pick 1 or 2 or 3 of them. Not all of them. Focus on what
works, and drop what doesn't. If you know it's not working after
a few weeks, don't do it anymore. Truly effective advertising
works in just a short time. Not 3 years. Save yourself time and
money and find an alternate way to reach your market once the
way you're using proves itself to be ineffective.
Solution:
Focus only on one, two or three advertising strategies at time.
And focus on them until they prove to be ineffective.
Becoming
a Computer Jocky
A
Computer Jocky? What's that? Computer Jocky's are people who sit
there in front of their computer and try to work their MLM business
completely online. 24 hours per day, 7 days per week. This is
just insanity. While the world wide web does offer more affordable
ways to reach your market. It isn't the only game in town and
placing print ads and sending sales letters to people offline
is not only effective, but sometimes more effective.
Solution:
Try advertising offline as well to expand your reach.
Respectfully,
Joe Schroeder
Joe
has authored 32 audiotapes , eight manuals , booklets , featured
on the cover of Upline Magazine and Six Figure Income Magazine.
Find out who Joe recommends for generic training and leads.
Visit
http://www.BeAMLMHeavyHitter.com
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