Building Your MLM Business Online

Generally in society you can tie your pay to the value you are providing. The more value you add, the higher compensation you generally get (negotiation abilities aside).

Someone who is merely a sales person earning commission earns pay for the amount of product they are effectively able to move, the more they sell, the more they get paid.

Someone who organizes a business, risks their own capital, and runs it successfully reaps the value of all these components in profits.

A cashier who works on a low hourly wage offers their time in exchange for a job that is easily replaceable, requires little training and virtually no education, hence the low pay since the value is relatively low.

In all cases the value is directly related to the compensation

Now what about MLM. What possible value is there that an MLM offers if they are selling minimum amounts of product themselves? It the view that merely signing up others is valuable? If so, how sad.
To fend of the expected answer comparing MLMers to sales managers earning commissions overrides from their organization, let me point out the obvious:

Sales managers focus their time managing their sales staff who SELL enough value to earn an income.

Signing up people and showing them how to sell things and sign others up is in NO WAY the same thing. Only in the mind of the very heavily biased MLMers trying to justify their value, which evidently doesn’t exist (perhaps explaining the lack of respect the industry receives).

FreeSocialMediaTraining.com Listen to marketing trainer Diane Hochman as she explains why Social Media sites offer the average network marketer the chance of a lifetime. Develop free leads and an internet presence in ways there were not possible just a year ago. Http DianeHochmanLive.com www.MyPrivateClassroom.com Social media Participatory online media where news, photos, videos, and podcasts are made public via social media websites through submission. Normally accompanied with a voting process to make media items become “popular”.[citation needed] Social Media Expanded Definition: Social Media is the democratization of information, transforming people from content readers into content publishers. It is the shift from a broadcast mechanism to a many-to-many model, rooted in conversations between authors, people, and peers. Social media uses the ?wisdom of crowds? to connect information in a collaborative manner. Social media can take many different forms, including Internet forums, message boards, weblogs, wikis, podcasts, pictures and video. Technologies such as blogs, picture-sharing, vlogs, wall-postings, email, instant messaging, music-sharing, group creation and voice over IP, to name a few. Examples of social media applications are Google (reference, social networking), Wikipedia (reference), MySpace (social networking), Facebook(social networking), Last.fm (personal music), YouTube (social networking and video sharing), Second Life (virtual reality), and Flickr …

When you understand the concept of network marketing, I’m sure you will agree it’s a fantastic way for the average guy or gal to make a good income. In reality however, the vast majority of mlm distributors in this industry make little to no money. These honest and committed network marketers work hard every day to build their business, only to discover that there’s nothing to show for their efforts, just frustration and a max-out credit card. And eventually they end up quitting and the cycle continues.  

There are of course, several reasons why distributors continue to fail in this industry. One of the main reasons is incompetent mlm training. When new distributors join a mlm company, They are usually taught to pitch their opportunity by contact family and friends, place ads, buy opportunity seeker leads and cold call, just to name a few. Unfortunately, history has shown that these kinds of methods don’t help network marketers a business.

In order to build a strong downline and begin to start earning steady commission check, you need to first be aware of the kind of mlm training you are receiving. Your training should be consistent with today’s marketplace whether it’s online and off. If your direct sponsor and upline are using old school mlm methods to find prospects, like the making a list of a 100 names or the three foot rule, mlm genealogy leads and other flawed strategies, it would be wise to do your own thing.

One of the most effective ways to generate leads and target qualified prospects is using the attraction marketing Which means rather than chasing and pitching your business opportunity, (ie) the old school mlm model, allow targeted prospects, specifically other network marketers to be drawn to you.

Here is a partial list of strategies that your mlm training should be based around:

Attract other network marketers..In is business distributors are always looking for a new company to join. Market affiliate products upfront to earn quick cash..Not your mlm company. Writing and publish articles Learn list building Use video marketing like YouTube to find prospects. Learning how to rank on google to generate traffic to your site. Use other social media

 

If you implement these strategies in your mlm training and continue to build on it, you will see your business grow. These tactics and techniques are hot right now and are being use by online mlmers today. Now it’s your time to learn what the new generations of online network marketers are doing to achieve massive results.

Don’t waste your time with the old school methods that don’t and haven’t worked. Just look at the industry stats. There’s a reason 97% of all mlm distributors failed in this industry. A big reason is because their mlm training is severely flawed. Therefore, it’s important that you take the time to discover what out there in terms of online marketing. Learn it and then teach it, because remember, People will work with you who they believe that you can show them to how succeed. If you can do that, you’ll see your business skyrocket.

 

I don’t want to do MLM or eBay or sell anything. I can type 65 wpm and I want to do something that entails a skill. What can I train for and where’s the best place to find good training?

passionfire.com http networkmarketingtraininginstitute.com mlm home business training news for network marketing, doug firebaugh Listen to social media network marketing mlm home business trainer Doug Firebaugh as he explains why Social Media sites offer the average network marketer the chance of a lifetime. Develop free leads and an internet presence in ways there were not possible just a year ago. Social media Participatory online media where news, photos, videos, and podcasts are made public via social media websites through submission. Normally accompanied with a voting process to make media items become “popular”.[citation needed]Social Media Expanded Definition: Social Media is the democratization of information, transforming people from content readers into content publishers. It is the shift from a broadcast mechanism to a many-to-many model, rooted in conversations between authors, people, and peers. Social media uses the ?wisdom of crowds? to connect information in a collaborative manner. Social media can take many different forms, including Internet forums, message boards, weblogs, wikis, podcasts, pictures and video. Technologies such as blogs, picture-sharing, vlogs, wall-postings, email, instant messaging, music-sharing, group creation and voice over IP, to name a few. Examples of social media applications are Google (reference, social networking), Wikipedia (reference), MySpace (social networking), Facebook(social networking), Last.fm (personal music …

Prior to becoming involved in network marketing, I was a member of the U.S. Navy’s Underwater Explosive Ordinance Disposal Team (the Navy’s bomb squad). I learned many great lessons there that helped me with my MLM business years later, one of which was overcoming fear.

In the Navy, what allowed people to overcome their fear of defusing bombs under water was simple: drill, drill, drill – and when you’re sick of drilling, drill some more. Overcoming fear did not mean read, read and when you’re sick of reading, read some more; that doesn’t make someone skilled at defusing bombs. By the way, drill means repetitiously going over something to learn it well.

It’s the same with getting appointments so you can share either the MLM business opportunity or your products with someone. Not that reading and learning the way bombs go “boom” and phones go “ring-ring” isn’t important, it is. Reading or studying is only one part of knowing something and getting effective at it.

Here’s why some distributors in your MLM organization quit. Just think what would have happened if the bomb squad trainers told the bomb squad to go home and read about the most common ways a bomb blows up, and then sent them out by themselves to defuse a bomb.

Yet that’s what network marketing leaders are often guilty of – asking their new distributors to go home and make their list of prospects. They’re given a sheet (sometimes) of objections they “might” encounter, and then are told to call their prospects and invite them to take a look at a great MLM business…BOOM! Ever wonder why that new distributor in your network marketing organization disappears within 30 days?

What worked best for me was to start with a script. Very often I’ve heard people say they don’t/can’t use scripts. That’s fine. Write down what you plan to say anyway, because you need to get comfortable with making your call. You’ll need to repeat it several times. It’s very helpful to “invite yourself” into a tape recorder microphone. Listen to the tape and ask yourself “Would I accept that invitation?”

One of my scripts went something like this:

You: “Hi, John, this is Sue. Do you have a minute or did I catch you at a bad time?”

Prospect: “No, I have a minute. What’s up?”

You: “Great, are you open to a business outside of_______(what they currently do for a living)?”

Now, here are some likely responses you’ll hear. These are the common objections and questions that you can almost always expect to get from your MLM prospects:

What is it?
Is this a pyramid?
Is it Network Marketing or multi-level marketing?
Is this sales?
What would I be doing?
I’m too busy, I don’t have time.
What is the investment?

Here are the steps to take so you don’t get caught off guard by your prospect’s objections to your network marketing business:
Step 1) Drill
Step 2) Drill
Step 3) Drill

These are the questions and objections! You know what they are! Drilling these beforehand is like knowing what’s going to be on the test!

This is how I finish the invitation:
You” (This was already stated, but I put it here again so you get the whole sequence.) “Great, are you open to a business outside of ________ (what they currently do for a living)?”

The most common response is:

Prospect: “What is it?” This is exactly what you want them to ask.

You: “Do you have Internet access?” (If not, send them the Brilliant Compensation video.)

Prospect: “Yes”

You: “Do you have something to write with?”

Prospect: “Yes”

You: Give the web address of your Brilliant Compensation website and say, “This is a purely educational online movie that explains our marketing strategy – watch this and then we can have an intelligent conversation about the target market, product lines and things like that. Read me back the address.” (make sure it’s correct) Confirm when they will have the time to review the information. Set when you will talk again. Hang up the phone.

Now, that script is one I’ve used successfully for years. The reason it works is because it was designed to PREVENT the objections mentioned above. It took me a long time to develop that script. In the example below there are several phrases I identified that actually CREATED common objections to my network marketing business invitation.

Avoid These Phrases and Instead Use…
(Phrase to avoid listed first, then recommended phrase listed second.)

I recently became involved
I’m working on a project…

I’d like to get you involved
I’m looking for the right person that…

I want you to…
You might want to…

I think you would love this
It may or may not be for you…

You would be good at this
This might be lucrative for us…

New business opportunity
Business idea or project

Are you interested?
You might want to see this

Are you looking for a business opportunity?
Do you keep your eyes open for expansion/diversification?

The point is, to overcome any type of fear, you must have both knowledge and practice. Therefore you must get with your network marketing organization and practice what to say to prospects and drill how to handle questions and objections. This is the best kind of MLM training I know. I’ve not seen or heard of a better way of overcoming telephone fears, training your distributors on what to say and how to have a lot of guests at your MLM business meetings than TEAM CALLING.

I put together a program called Assault Team Training – an event to teach people how to get past the fear of the phone, as well as talking to strangers (in person).

Eight distributors were invited to my house (because I had four phone lines and wanted two people per phone). To attend, each distributor had to bring 250 names with phone numbers.

Everyone spent the first hour around a table writing a script of what they would say on the telephone to invite contacts to an MLM business briefing we scheduled three days later. Then each person read their script back to the group and the group critiqued the script with one major emphasis: prevent the objection. We all agreed that in the invitation call, it’s much easier to prevent objections than to have to handle them. (See example of what to say/what not to say above.)

Here’s the best way to overcome the most common MLM objections. With good communication skills and using the phrases from the example above, we still got “Is this one of those pyramids!?” objection 50 % of the time.

It was this objection that constantly stopped or severely slowed down my organization’s growth.

After everyone writes an MLM invitation script, the next step is to role play. At the Team Calling event, divide people into pairs and have them role-play with each other. Person A reads the script. Person B asks the most common questions or objections. Start slow and easy and get tougher as your partner gets better. It’s very important that your partner feel successful. Compliment his/her efforts ALL THE TIME. Then switch: Person B invites and Person A asks the questions.

Because during the role playing, one person is constantly reading the MLM invite script – this serves as a drilling of the invitation. Once you as the leader are satisfied that everyone attending team calling is able to handle the above objections, then hit the phones.

Two people on each phone line. One is prospecting – the other coaching. After 15 minutes, switch. The person that was coaching switches to prospecting. The one that was prospecting is now the coach. Do this for one uninterrupted hour.

The rules are: No getting up. No bathroom, no food, no water, no answering cell phones. Nothing! It’s so important to play by the rules. We all know the feeling of searching for any excuse not to dial the phone. Believe me, this is fear-facing at its best, but also one of the best forms of MLM training I know of.

By the way, people who show up late are not allowed in “the pit” until after the hour is up. I can’t stress enough the importance of this SOLID HOUR of no interruptions.

Use Monday – it’s the start of the week and the best day to invite to your weekly MLM business briefing without a weekend interfering. Charge $5.00 per person to cover the cost of the phone calls.

Your job as the leader is to help keep the calls under three minutes and to ensure that the person making the call wants to continue making calls. As a coach, resist the urge to correct “everything” you see a new person doing wrong. You don’t want to unintentionally invalidate the person or make him/her feel that they’re messing everything up. It’s much better for the coach to consider the whole exercise as a gradual learning process. For some people, it can be a huge success just to dial 10 numbers in an hour.

I suggest that you teach everyone how to keep accurate records. It’s very important for everyone to keep statistics while doing team calling. You want to keep track of Dials, Connects and Appointments. Set a goal for each, and then keep track of the activity.

This is the basis for coaching and measuring progress and is the backbone of successful MLM training. If anyone complains about their results, you can go straight to the Daily Marketing Worksheet and tell exactly where someone needs help. Maybe they need help with their actual phone skills, or maybe they’re just not dialing enough numbers!

What Results Can You Expect? After two one-hour sessions in which everyone kept their statistics, the least number of confirmed appointments we’ve seen was eight. The most was 64. That’s right!

The most impressive are those eight. What this represents is the minimum result of eight confirmed guests! What this means for you is that if someone spent two hours per week inviting through team calling, they would have a minimum of eight confirmed appointments at the weekly MLM business meeting.

The next time you or your distributors come to a business meeting without a guest, ask yourself and them, “How much actual time did you spend making calls?”

Making MLM prospecting phone calls isn’t as hazardous as bomb squad work, but it really can be just as scary. But the way to handle any fear is learn how to do it and do it over and over. Confront what you fear most enough times and you won’t fear it anymore.

I have been doing MLM for over 4 years and the top few are making the big bucks & I am making pennys. Everyone I know run when they see me coming now. I have spent a small fortune in travel and training to no avail. Need a new approuch, to supplement Social Security. Is there anything for free and has value with out the “I Gotchas”? TIA, Bil

Have been successful in MLM many years ago, am now going to build another group and want to know if anyone has experience with lead generation companies and success rates. In MLM, you only need a few leaders to move quickly but it is very hard to find those willing to do the work to be trained to make a success due to the non-traditional nature of the business. Thanks

www.forensicnetworker.com if your STRUGGLING its because youre getting MLM training and advice from the wrong teachers. If you’re like the 99.6% of the MLM workforce who are receiving their get rich training from leaders who don’t “GET IT”, then you’re doomed to be a struggling MLM “some timer”. There are 3 distinct categories for the top 1 % of MLM millionaires The First 1/3 of the MLM millionaires got there by simply being at the right place at the right time (Some people like to call it, LUCK). They generate large incomes in one company but can never do it again. They simply don’t “GET IT” hence cannot help others to duplicate their success. They cannot help others yet their advice is still perceived as EXPERT advice. Second 1/3 got there solely because of hard work and NOT industry expertise. They stayed the course through years and years of struggle until they finally got some traction and eventually “made it”. These folks also do not “GET IT” and will not have enough enthusiasm and energy left to do it again if they had to. They cannot help others yet their advice is still perceived as EXPERT advice. The last 1/3 “GET IT”, they are more efficient, more productive, make far more money and have far more fun building their MLM Empire. They are life time students of the industry and totally understand the human element of MLM. These are the true select few experts that can get it done over and over again with any company. Ask yourself the following questions: 1.Who are …

If in fact they are not a University and are not accredited?

I am researching a company that is the “Training Company” for a MLM corporation. This particular training company calls itself a university, but there is noaccreditationn for it, and it is not listed for the Council of Higher Education.

Can someone please tell me if this is illegal or not? They are operating in the State of Illinois, and some persons are listing this as their “education” on their resumes.

Thank you.