Essentials for Network Marketing Success
Essentials for Network Marketing Success
RANDY GAGE
There are some necessary things to succeed in network marketing. But it is more interesting to know
some of the things that people think they need but are not essential. Here are some of
those things that are believed to be necessary for success
1. Credentials or academic degrees. Thousands of people have been successful in network marketing.
without having academic degrees. Since the network marketing business is different from others.
In business, the rules are different. It is very possible and common to build a large organization.
without having academic degrees.
2. Approval. From anyone except yourself. Sometimes even your spouse does not approve of your
network marketing business. This is a common response but we have seen thousands of
people who do not have the approval and support of their spouse and have created great businesses.
Of course, after that the spouse joins and the business takes off.
3. Friends and family in your network. Please do not misinterpret. If you have them in your group,
Wonderful! There are families that have up to three generations in their business and that's fine. Without
However, the most difficult presentations are those made to relatives or friends.
Cheap advisory
Perfection.
1. Desire. The desire to truly do it and get out of the 'rat race' for good.
you truly understand this business and have a genuine desire to help yourself and
others–you already have 90%.
2. Enthusiasm. I have seen many new distributors - without training, without experience and
without deep knowledge – and who start and build their network with 20 or 30 people in the first
They don't do this with skills, knowledge, or technique - they do it with enthusiasm.
this adventure with the enthusiasm it deserves.
3. Action. If you are waiting for the perfect plan —the perfect plan is to take action. You have to
start. Will you make mistakes? Of course you will, but we are not surgeons and no one will die. The
Mistakes are part of the learning process and will make you stronger in the long run. This
The manual and your sponsor will help you avoid making mistakes, so relax and don't be afraid.
to take the first step. Knowledge without action is just potential for power. You have the
necessary knowledge... you have shown your wisdom by becoming a member of the network
marketing. Now–let's get started!
THE FIRST STEPS
If you haven't done it yet..... This is the list of things you should have done.
Yo:
Dedicate at least 7-10 hours a week to my business;
I will invest time in self-developing; and
Consider my first 6 months as experience in
learning.
I will build my business for at least a year and then evaluate it.
results. I acknowledge that the people I personally sponsor
it's my responsibility. My first responsibility is to be successful ME and
after duplicating this with my people. I will follow the system so that my
efforts can be replicable.
You must decide what you want to do with your network marketing business. Are you only interested in
Get free products? Do you want to earn 'x' thousands of pesos to make your car payments? Or
Do you want to achieve financial freedom? To reach your goals, you must first determine what they are–and
then set the time it will take you to achieve them.
Goals are dreams with a deadline. This means you have to write them down. Also
you want them to be specific and measurable. I think an average person who follows a system can
achieve financial freedom with your business in a period of 2 to 5 years. Think about what you want to do
at this moment and then think about your 2 to 5 year plan.
Build with your spouse and your sponsor based on your dream. It is important that you discover that
I wish that it keeps you motivated and focused in the early stages of your business as a network.
Marketer. Fill out the meta format that is on page 7.
This is a communication and appointment business. To build effectively, you need to plan your
work and schedule your time in a way that best suits your business.
You already use the 24 hours of each day. To change your life – and what you get from it – you have to change.
the way you use your 24 hours a day. You need to dedicate 7 to 10 hours a week to the
building your business.
Work with your sponsor to determine how to distribute your 7 or 10 hours during the first weeks of your...
business. Look for all the events that will take place in the next 90 days and schedule your work and others
obligations around these. Also look for the date of the annual convention or conferences.
These events are vital for your success and you want to be sure you can attend.
To be independent and proactively build your business, you must be capable as soon as possible.
possible, to operate without the assistance of your sponsor at least in the small things of day to day.
This means learning some of the basic procedures of the company. This includes:
If you are starting a business, people expect you to have business cards. Check with your
sponsor the style and where you can order them.
To manage your business correctly, it is suggested that you have a separate bank account.
This should only be used for business. It is good for keeping your records and will help you with the
taxes.
Check with your sponsor what tools you need to start off on the right foot. Some
companies or sponsors have their specific system on which tools to use. Others do not. If you
the company does not have a system I recommend the following:
There are 9 key qualities that every leader in network marketing possesses. Some of them you have already put in...
Action. To be a leader—and to set the example that can be duplicated by others—you must learn these
qualities.
To develop your business, you must identify and work with those people in your organization who
have shown and wish to make this same commitment. The nine qualities are:
This is one of the most important steps, don't skip it and make your list of 100 without half measures. Start to
Write down the names of all the people you know. Don't make any judgments: 'he makes a lot of money, no
it will interest him/her"; "she does not have the type of salesperson, she will not consider it as an option," etc. This can
It would be a big mistake, so don't prejudge people, just put their names on the list.
In your list of 100 people, there will be 1 or 2 senior executives, 3 or 4 executives, and 30 or more people who will use
the products as consumers - and we don't know who it will be - and it never is who you think it is
it will be.
This is when your planning stage ends and you begin to build your business. This is where
you begin to discover who a prospect really is and who is not. Having a key question to
Rating and a package of 'approach' will help you in the classification process.
A preliminary package is a package with material for carrying out the initial analysis of your
potential clients. This will determine whether you proceed with a formal presentation.
If your company does not have a promotional package, you can create your own pack: brochures, catalog.
DVD, business opportunity, etc. The purpose of this package is to present the benefits of the business and
to help you classify your prospects.
Once the prospect has reviewed the package, you can proceed to the next step which will be a meeting.
1 to 1 or invite them to a class.
Look at your list of names and choose the most ambitious, busy, or successful people. These are the
people you want to contact first.
The first step is a question to qualify/classify and see if they are 'looking' for an opportunity.
Some examples are:
People who seem to be satisfied with their job and their salary are probably not your candidates.
right now. Remember, you are looking for people who are looking for an opportunity. If they are not
looking for her - skip the step of giving them a package and the presentation and see if they are interested i
become just customers.
The most important thing: NEVER HAVE PREJUDICES ABOUT YOUR PROSPECTS. Don't assume that they won't be.
interested in the business because they have a good salary or a "good" job. It is impossible to know who
They are looking for a new career. Many times it is the people with high salaries and good jobs.
who are dissatisfied or not happy with what they do. So start asking questions to
classify with the intention of delivering an outreach package.
NOTE: You will have much more respect for the people who have reviewed the material and a better
Respond if you distribute them with a sense of urgency. Let your prospect know that you need their opinion.
y que necesita el compromiso de revisar el material en 48 horas. Si le dicen que no tendrá disponibilidad
in the next 3 days–let him know that you will bring it to him in 3 days since they keep it in
circulation with other people. And don't just say this, I really mean it! The approach packages
they can only work for you when you keep them in circulation with prospects.
Dele seguimiento a sus prospectos en las siguientes 48 horas como usted lo prometió. Simplemente
Ask your prospect: 'What do you think? Would you like to explore it a bit more?' Their response can
fall within these three possibilities:
Category one:
These are people who simply did not grasp the vision. They have seen nothing of the business that them
Get emotional. Don't try to sell or push. Accept that they may not be ready for business right now and go.
if they are interested in using the products.
Category two:
These are misinformed people who, sadly, do not know they are misinformed. They have
in their mind/idea made and they do not want to be confused with the facts. You could argue and try
illustrate these people but I do not recommend it. It's better to retrieve your package and stay away as much as possible
as soon as possible.
Category three:
Wow, what is the name of the company? What products do they handle? How does it work?
These are the people you are looking for. They are intrigued by the possibilities but need more.
information. This is your opportunity to move on to step 2 - make a presentation. If you can.
Do it at that moment, do it. If not, schedule a specific time to do it.
This is the only reason why having approach packages is important: to schedule appointments with
your potential prospects and prevent having appointments with those who are not interested.
It is very likely that your sponsor will offer to lead your first class or meeting or do the
presentation to your initial prospects. Or maybe your sponsor has an event at a hotel and you can
invite your people. It can also help you with 2 to 1 presentations for your prospects. Plan your
first presentations with your sponsor and agenda in your planner.
Note: in cases of rapid organizational growth – your sponsor may not be equipped to
make a presentation. If so, it's okay to seek help from your ascending line, and you will find
to someone who can help you.
This is a critical part of your training. By observing and listening to your sponsor (taking notes) your
you will learn to do it.
The sooner you can learn to deliver a presentation, the faster you will find yourself.
path to independence.
Then you can duplicate this process with your people. By following this system, you will be building lines.
safe and with potential to generate residual income.
To be effective, your goals must be specific, measurable, and written down. Take a few minutes and
Write what you want to achieve now. You can ask your sponsor for advice.
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Keeping an ongoing list of prospects is vital for maintaining a consistent pipeline of potential leads, which is crucial for sustaining and expanding a network marketing business. A comprehensive prospect list ensures marketers never exhaust potential contacts, promoting continuous outreach efforts. It allows for strategic targeting and timely follow-ups, adapting approaches based on prospect responses and interests .
Using the company's products personally is fundamental for a network marketer as it fosters genuine enthusiasm and belief in the products, which is crucial for authentic promotion. Being familiar with the products enhances credibility and allows marketers to share personal experiences with potential customers, building trust and relatability. This personal connection with the products is a persuasive tool in effectively conveying their benefits .
Not prejudging prospects is crucial as assumptions can lead to missed opportunities. Network marketing success often comes from unexpected places; people who might not appear as ideal candidates can become key contributors due to their networks or latent interest. By avoiding bias, marketers ensure a comprehensive approach, maximizing potential leads and avoiding the loss of potentially lucrative connections .
A separate bank account for business ensures clear financial separation, aiding in accurate record-keeping and streamlined tax handling. It prevents the mixing of personal and business finances, which can complicate financial tracking and obscure business performance analysis. This financial arrangement is essential for maintaining professional accounting practices and providing clarity in financial obligations .
When scheduling their first presentation, a network marketer should consider coordination with their sponsor to utilize their expertise, ensuring a polished and impactful presentation. They should also plan around events such as hotel meetings or training sessions, leveraging these opportunities for greater audience attraction and support from experienced marketers. Timing is also crucial to ensure high attendance and engagement from prospects .
Action is deemed critical in network marketing because it drives the learning process and network growth. Rather than waiting for a perfect plan, taking action allows marketers to gain hands-on experience, learn from mistakes, and adapt strategies in real-time. This proactive approach is essential because theoretical knowledge without action is merely potential power, whereas action leads to tangible results and business growth .
Attending company events is highly significant for network marketers as it fosters community building, enhances motivation through shared experiences, and provides learning opportunities direct from company leaders. These events contribute to personal development by offering insights into successful strategies, product updates, and market trends. Moreover, they reinforce commitment and align distributors with the organizational culture and vision .
Setting specific and measurable goals in network marketing creates a structured roadmap for success. Defined goals serve as benchmarks for assessing progress and ensuring alignment with long-term aspirations. By establishing deadlines and quantitative markers, marketers can measure achievements accurately, adjust strategies for effectiveness, and remain motivated as they track tangible progress. This disciplined approach is vital for realizing financial freedom and success within a planned timeframe .
Network marketing operates on different business dynamics compared to traditional fields where academic credentials are often required. Success in network marketing relies more on personal traits such as desire, enthusiasm, and the willingness to take action, rather than formal qualifications. Many successful individuals in this business have built large organizations without holding academic degrees .
Enthusiasm is crucial for beginners in network marketing as it compensates for the lack of experience, training, and deep knowledge. New distributors who may not yet possess technical skills can rapidly build their networks primarily through their enthusiastic approach, attracting others to their venture. This infectious energy often maintains momentum and builds initial success before skills are acquired .