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Successful Network Marketing Depends Upon These Three Factors
Network marketing has many aspects, but promotion, persistence, and patience are three key elements which are critical to achieving successful results.
PROMOTION is the lifeblood of network marketing. Whether you are using online methods or offline methods, or a combination of both, you must constantly strive to get your offering in front of a targeted audience.
There are thousands of published sources that deal with specific methods of network marketing (both online and offline), but the key point to be made here is that you must have an active promotion campaign designed to bring in a steady stream of new prospective downline members.
PERSISTENCE is a key element in network marketing success. You've gotta "just keep on keepin' on", even though frustation levels can be quite high at times.
After you have been at it a while, and have a downline large enough to provide reasonably accurate statistics, you will probably find that about 95% of your downline members are dormant and do nothing at all. Its easy to get down in the dumps or take it personally when you encounter so many "do nothing" people.
Therefore, it is really important work with and actively support the 5% or so that are serious about participating. And clearly, an active and effective promotion campaign will continue to bring in increasing numbers of potential participants so that while 5% is small on a percentage basis, it can still be a sizeable amount from a pure numbers standpoint.
PATIENCE is vital. You can expect that it will take about a year before the awsome power of geometric growth kicks in.
A classic illustration of geometric growth is the frequently used penny-a-day example.
If you save one penny on the first day, and double it every successive day, (day two you have 2 pennies and day three you have 4 pennies, and so on) how much will you have at the end of 30 days? The answer, to the astonishment of many, is $5,368,708! Amazing, but true.
Its a sad statistic that most network marketers fail and it is often traceable to the fact that they did not exhibit enough persistence and patience to continue constantly promoting their business for the year or so that is required for success.
Network marketers that stick with it for a year or more often end up becoming the proverbial "heavy hitters".
In closing, I would like to encourage you to increase your chances of becoming a successful network marketer by always keeping a clear focus on "the three P's" of Promotion, Persistence, and Patience.
Kirk Bannerman operates his own successful home based business and also coaches others seeking to start their own home based business. For more information visit his website at http://www.home-based-business-team.com Proven Work At Home Business.
What is a Home Business?
First, let me clarify what kind of Home Business I'm discussing. There are many different kinds including just about anything that you could do from your home. I'm specifically talking about the kind of home business you do from your computer on the internet. It could be either a part time or full time opportunity.
MLM Genealogy Leads
As with any other start up, a new multi-level marketing (MLM) venture owner will look to friends, family, and acquaintances for support. The MLM business owner must sell the parent company's products or services and contact individuals that might be interested in becoming an independent distributor in his or her network. When the family, friends, and acquaintances have been exhausted, other viable leads may include people who were previously part of an MLM network. These prospects are called MLM genealogy leads.
The Misconception Of Multi-Level Marketing
Ever wonder why people are so turned off at the mention of Multi-Level Marketing? Is it legal? Is it a pyramid? Who benefits the most? Where does the money flow? In this article we will examine basic differences between Multi-Level Marketing and a Corporate Structure.
Network Marketing - What Are the Benefits of MLM?
Why is that the case? We have a University system that teaches you how to be a worker drone in the collective! You go to school and get an education, then you get a job and work in the 45 year plan and then you retire and live your golden years depending on other people. What a wonderful concept!
MLM Training: The Network Marketing Success Secret of Knowing Your REAL Inventory in MLM
Let me ask you a very simple question:
Avoid the Top 10 Network Marketing Mistakes
Just completed this for the December Noni Pearls Magazine, thought I would share it with all of you. Hope you enjoy it.
MLM Recruiting Success- The 2 Types of People You Will Talk to in MLM
There are only two types of people you will run across in MLM.
When a person knows and knows not that he knows. Teach him.
What 15 Years in the Network Marketing Industry Taught Me
Just whisper the words "network marketing" and you're bound to get an emotional response from your listeners.
Finding The Right Business For You: Low Admin Is Essential
Simply put, in network marketing as in many more traditional businesses, the only activities which will make you money are selling and recruiting. If you're not doing one or other of those then you're not making money and you're involved in administration.
MLM Success Network Marketing Secrets - The MLM Power of Patience
"Persistence is needed, but Patience is a MUST." Ben Johnson- 5 Billion Dollar Producer.
MLM Network Marketing - Why Failure Rate Is so High?
In recent years people are increasingly looking for extra source of income. They are prepared to utilize their spare hours and work at home to pursue their cherished dream of financial freedom. Many of them are attracted towards MLM network marketing for variety of reasons. There are thousands of multi level affiliate programs which promise tremendous business opportunity. Internet has made it possible to work from the comfort of your home.
Network Marketing Is Fun And Profitable
Network Marketing, also called MLM or Multi-Level Marketing, can be one of the most fun and rewarding businesses today.
Who Else Wants Their Share of Residual Income Without Having To Go MLM?
(or how I increased my monthly revenue while sitting at the beach in Africa?)
Network Marketing - Its All About Customers
Leadership, Visualization, Goal-setting, blah, blah...
Importance Of Leads
The information containing details of the sale, provided by the MLM business owner, to contact people interested in the business and vice-versa is called leads. The leads can be fresh and stale. People who show interest in your business most recently form fresh leads whereas, those that have shown interest in your business few weeks ago or not that recently form stale leads. It might be possible that people who had shown interest in the past might not be interested any longer due to any reason. They might have got some better deal or may have any other personal reason. The fresh leads are the potential leads. You must concentrate on them.
Network Marketing: Increase Your Effectiveness In 1 ON 1 Presentations.
==> INTRODUCTION WHAT DO YOU MENTALLY REHEARSE? You need to know WHAT you really, really, REALLY want...SECOND -> You need to know WHY you want it...THIRD -> You need to expand your current ability to influence others... *** END SIDEBAR ***
The MLM Dilemma
Does this sound familiar...?
Network Marketing Training: The MLM Millionaires Big 3 MLM Recruiting Secrets
I have never had such a response to anything in these articles like we have had with this PassionFire study on Millionaire Recruiters.
Network Mktg: The Day I Peed On The Principals Desk, I Learned a VERY Important Marketing Skill
All your life, you've heard:
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