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Finally, how to get rich with Network marketing?
Even with all those bad apples in
bunch, Network marketing is still a very effective marketing strategy. Al you have to do is chose right company and avoid ‘scambags’, get right mentors and then build a solid downline of effective sales people. You can get some information on how to avoid fraudulent ‘MLM-ers’ at these websites:
http://www.stopspam.org/faqs/mlm_vs_pyr.html http://www.ftc.gov/bcp/conline/pubs/alerts/pyrdalrt.htm
One of biggest reasons (and there are several; take a look at: http://www.powerhomebiz.com/vol4/MLMsurvival.htm) why Network marketing runs out of gas is that your MLM company hits ground. Though it doesn’t have to happen to you, if you’ve been careful in choosing company, it is still a possibility. You can pre-empt this situation by “Diversifying”. Join several MLM companies which sell similar or related products and you will not only have multiple income streams but would have also spread out your risk.
Another big reason for failure in Network marketing is poor or ineffective downline. Some trouble areas that you could experience with your network are: -New members find it difficult to sell -New members are unable to generate new leads -Selling techniques being used are not suited to medium -There is a high outward mobility of new members
The trick to succeeding is to tackle these trouble areas at time of recruitment. When you recruit new members, provide them with ample literature on company and product, train them on sales techniques by example and keep your team motivated. They are, by themselves a strong revenue stream for you.
I remember a couple of lines from a song I heard once, “ Chance is not choices, Noise is not voices”. If you look carefully, two of biggest secrets of success in any business lie in there. “Chance is not Choices”… There is difference between falling upon a lucky clover and growing them yourself. So plan your business carefully, choose a good MLM company and build your sales downline with care.
“Noise is not Voices”… world is out there “revealing” secrets of sure shot success “just for you”. That’s just noise. Listen to your own experiences; what they have taught you is invaluable. And when you teach same to your downline, you enhance possibility of your business’ success.
Network marketing may not work 95% of times, but there are still those 5 chances out of a 100 when it will work. So plan for success in Network marketing and reap benefits.
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