Every single year hundreds of thousands of people throughout the world get involved with network or affiliate marketing for many reasons, the most prominent being to become financially free, yet nearly the same number of people will continue to fail year after year. One of the main reasons for this is; they are listening to the wrong people.
Those individuals who have achieved dreams and financial freedom all follow a simple 8-step pattern for success. I’ve put together this article in my own words based on the knowledge I’ve gained from my mentors in network marketing.
The funny thing is I was just like so many network marketers out there today who believe they can make a million just by getting on Facebook and Twitter and start blasting everyone with their opportunity and products.
Well, if you really can sponsor 107 people into your downline or make $187,643 in 10 days using a simple internet system, why haven’t you done it yet? I’m not going to get into all the reasons why on this article. The focus of this article is to give you the 8-step formula for success in network marketing.
The more I go over this list, study it and apply it the more I understand it and the easier it become to apply each step. These steps are easy to learn, easy to use, and most importantly easy to duplicate.
First, Define your Dream – Where do you see yourself in a year from now? Write down what you want. How do you envision your life a year from now? Why is it important to you?
Defining your dream will help you stay motivated and inspired, it’s the starting point of all achievement. After all, your aim and accuracy are greatly improved when you know what you are shooting for.
Take time to think things through and write down what you really want your life will look like in a year. All successful millionaires in network marketing know the secrets to achieving success starts with defining your dream. Don’t skip this important first step.
Second, Make some commitments – What are you willing to sacrifice while pursuing your goals and dreams?
A journey of a thousand miles begins with a single step. When you are ready and make a commitment to taking the first step, which is defining your dream. You will want to consider making some commitments.
Your commitments don’t have to be large and impressive, small commitments work just as well. For example; I’m committed to filling my mind with positive information first thing in the morning instead of negative information.
The one program I love watching every Monday morning when I wake up is Joel Osteen, which I record on my DVR the night before.
Third, Use the product – Are you using the products or services you are promoting?
You will have a much easier time marketing and promoting a product or service you are using from one you are not using.
All too often I see affiliate and network marketers pushing products and services on people, which they don’t even use themselves. How can you honestly expect to share the benefits of the products or service if you haven’t experienced them yourself? Never underestimate the power of a personal testimonial.
You should also love and feel comfortable with what you do and what you sell. I remember a few years ago I purchased a pre-paid legal membership and became an associate. After using the membership a few times I started understanding more clearly what the benefits were, but I was never comfortable marketing pre-paid legal memberships or recruiting others to market the memberships. I don’t know exactly why or what caused that feeling, but I took it as an indication that I probably shouldn’t pursue it for much longer.
Fourth, Get a prospect – Have you created your prospect list?
Let’s face the facts, without a prospect, i.e. potential customer you will never stand a chance at being of service to someone and earning money.
Make a commitment to sit down and write out a prospect list. First name, last name, phone and email. List everyone you know and have met in person first. Then list all the other people you have met online and built relationships with over time, but haven’t physically met in person.
You should strive for at least 100 names at a minimum. The more people in your local market the better.
A few words of wisdom on this, if you don’t feel comfortable with having your family and close friends as prospects or customers, don’t list them.
Fifth, Share the program – Are you guiding people through the process of evaluating and learning more about the product or service you promote?
What good are prospects if you never show them what you have to offer?
Once you have created your prospect list begin by sharing what you have. Take them through your sales process, whether it’s directing them to a website for more information, a teleconference, magazines, brochures and articles. You can even invite them to a live event, as most network marketing companies will do to explain the benefits of their offering.
Another word of wisdom, face-to-face meetings are the most effective.
Sixth, Follow up and follow through – Get their feedback and guide them to the next step.
The fortune is always in the follow up. All successful salespeople know that building and maintaining relationships is by far one of the most important aspects of becoming a millionaire.
Always follow up with your prospects and ask questions. Be conversational, but stay on the subject at hand. You should always be of service to the person you are connecting with. This is how you demonstrate to your prospect you have their best interests at heart and what it feels like doing business with you, whether they choose to do business with you or not.
Seventh, Get them started right – Are you able to easily teach others what you do?
In network marketing it is often said that duplication is the secret key that will unlock the door to creating passive and residual income. Guess what? They’re right!!! Duplication is key. Here are a few things to keep in mind when you are building your network marketing business.
The people you recruit will duplicate the same process you used to recruit them.
Keep it simple
Don’t re-invent the wheel, just repeat a simple process over and over until you are where you want to be and become who you want to become.
Eighth, Plug into the system – Are you leveraging the system?
Nearly all network and affiliate marketing programs have a marketing system in place. There are websites, video’s, articles, tele-conference calls, DVD’s, brouchures, live events, training seminars, etc…. All these things are in place for a reason and the smart thing to do is leverage what you have, don’t re-invent the wheel, just duplicate.
I’m confident that when you follow this 8-step formula for success your network marketing dreams will start to come true.
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