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Posts Tagged Network Marketing Business

What is Your Motivation, Fear of the Past or Visions of the Future?

Oct 14

Posted by Wayne Woodworth in Network Marketing | 2 Comments

Are you holding yourself back from your success? I have noticed that people hold on tight to the past, especially all of the bad things that have happened. If you spend all of your time focusing on the bad things, bad things are all that you think about, then bad things are what you are going to get. The past holds you back.

Maybe you are someone who uses the past to drive yourself forward. This is a little better than focusing on the past because you are at least hoping for a better future, but you can still do better. The problem with using the past to drive you forward is that it is still the bad things that drive you and you are coming from a place of fear. That makes it harder to reach the success you are hoping for because you are still focusing on fear. The good part is that you aren’t letting it hold you back. You are doing something, moving forward, which is always better than sitting on your butt saying “woe is me”.

The best place to be is to have a bright vision of the future that pulls your forward. You are looking toward the future and to positive things. You are operating from hopefulness and promise instead of fear. Acknowledge the past, thank it for getting you to where you are, then let it go. Build your vision of the future, make it big and bright so that it will stick with you and motivate you to look past the obstacles, and go for it.

For me, that is building a network marketing business online, helping some people with the products that my MLM offers, and helping others with the business opportunity to build their positive expectations of a rich financial future.

Which position are you operating from and what are you going to do to better ensure your success? Leave me a comment below? I also appreciate you sharing this post with your friends and followers on the social networks.

Wayne Woodworth

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How to Pick the Best Network Marketing Company for You

Oct 5

Posted by Wayne Woodworth in Network Marketing | No Comments

I have seen a lot of stuff lately about how to pick the best network marketing company, and some of them make some very good points. So I want to summarize some of the important things to look for in a company when you decide to start your network marketing business.

A Product or Service you are Passionate About

To be successful in a business you have to be passionate about it. In the case of network marketing, you have to be passionate about the product or service that the MLM company sells. When people buy the product from you it is going to be more about your passion for the product than the product itself. Likewise, when you approach someone to join you as a business partner, you want to pick people who you think will also be passionate about the product or service. For example, if you are a Mary Kay or Avon distributor then you probably won’t approach too many men about your business.

A Reputable Network Marketing Company

When you look at starting a network marketing business you want to build one that can be successful and generate you an income for a long time to come. A big part of that is the company that you partner with. I don’t pay much attention to new companies because, like any other business, a high percentage of them will fail during the first five years. I like old companies because they offer a level of security that new ones cannot offer. An established company has a proven product that provides a definite benefit that has been proven over and over, otherwise the company would have failed. They also have a proven compensation plan. If their distributors weren’t able to make money then again, the company would have failed.

Another part of that is to look at how long the distributors have been with the company. Is it a 10 year old company but none of the distributors have been there for more than a year? Why? Or is it a company that is 30 years old and there is a large number of distributors who have been with them for 15 or 20 years? If a company has distributors who have been around a long time then the company probably takes good care of the people in the field.

Cost of Doing Business

Finally, there is the cost of doing business. How much does it cost to sign up as a distributor with the network marketing company and what do you get for that money? Is there an autoship or other monthly costs? I don’t think these concerns are necessarily deal breakers as long as the company is reputable and provides a real product or service, but they will definitely affect you as you are getting your business going. If you are short on money, can you afford to keep your business going for the first six months until you develop an income from the business? These are important things that you need to keep in mind.

That’s what I look for when I’m looking at a company. I feel blessed that I found a network marketing company that has been around for 35 years and operating in the US for 21 years now. I also have access to distributors who have been with the company for 17 or 18 of those years, so they really  know how the business and the company works. You can find out more about this great company and working with me here.

If you found this helpful, I’d love to hear your thoughts in a comment below. Please share this with your friends on the social networks.

Wayne Woodworth

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Are You Following Up With Your Network Marketing Prospects?

Sep 29

Posted by Wayne Woodworth in Network Marketing | No Comments

You’ve probably heard before that it is important to follow-up with your prospects. The people who contact you or that you contact about your network marketing business, or the products, aren’t likely to take a lot of action after the first time that you talk. Therefore it is absolutely essential that you check back with them periodically to keep them moving forward.

I have read that studies have shown that 82% of sales are made on or after the third contact and other experts say that your customers need to see your offer seven time or more before they will act. That’s a big part of what makes direct mail so expensive.

Fortunately, there is a better and far less expensive way to follow up with your customers if your business is online. You can set up an email series with an autoresponder so that your prospect or customer receives a new message from you on a regular basis. This way your customers start to recognize your name and you can build a relationship with them by offering valuable content.

To use an autoresponder you will need to create an account with one, setup your email series, and create a form to put on your website for your customers to use to sign up. I know it sounds complicated, but other than actually writing the emails it is pretty much all done for you. There are several autoresponder services available on the internet and I use Aweber, which has worked very well for me.

I have two examples of how I’m using Aweber to keep in touch with my prospects and customers. First, the customers for my MLM company’s products can sign up for a free monthly newsletter in the right sidebar of my product page at www.getmywellness.com. The second example is for people interested in learning more about my network marketing business opportunity on my Work with Wayne page.

Are you using an autoresponder to follow up with your customers? What kind of content are your offering them through your autoresponder and how well is that working? Let me know in a comment below. I would also appreciate it if you would share this with your followers on the social networks too.

Wayne Woodworth

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Network Marketing vs. A “Real” Job

Sep 22

Posted by Wayne Woodworth in Network Marketing | No Comments

There are a lot of people who are unemployed and looking for a job right now, so how does network marketing compare to a “real” job?

Benefits of a “Real” Job

First, what is a job? In my opinion a job is where you give up your freedom in exchange for the illusion of security. When you have a job you show up when you are told, do what you are told, take lunch when you are told, return to work when your are told, do more of what you are told, then go home when you are told. The next day you get to do more of the same. Every day is pretty much the same and you usually have to drive through bad traffic full of everyone else looking forward to the same thing.

What do you get for doing all of that? You get a fixed paycheck. If you help the business make more money, you still get the same amount. If you don’t help the company make more money you probably get laid off. If the company makes less money for reasons out of your control you might get laid off too.

There are certain perks that go along with a job. You get the occasional day off as long as you don’t exceed your allotment and it doesn’t inconvenience the company too much. You might get health benefits, but in a lot of cases they are being reduced as the group plans get priced out of reach for  your employer. The nice thing about group plans for people who are sick a lot is that the healthy people help to cover some of your medical costs.

Your job may be a little more interesting than that sounds, but basically that’s what you get to look forward to with a job.

Benefits of a Network Marketing Business

When you build your own network marketing as a career you set your own hours. You start as early or late as you want to and you finish as early or late as you want. You have lunch when you want, and if you need time off for something then you can just take it. I know that sounds great, but you do have to make sure that you do the work necessary to make money. The difference here is that you are the boss, so you have to have the self-discipline to do what you need to do to make your business successful.

And what do you get for that? Your income is directly tied to the money making activity that you do. If you help your network marketing team make more money, then you get a larger paycheck. Likewise, if your team brings in less money then you get a smaller paycheck. You are in control of your income. If you want to make more money then you know what you need to do.

Which is Right for You?

So, which is right for you? Do you need the structure of someone telling you what to do everyday? Some people need that structure and if that is you, then by all means get a job. If you are a motivated self-starter with the discipline to keep yourself on task, then network marketing might be right for you and I would like to talk to you about being business partners.

Which is right for you? Let me know why in a comment below. I also want to thank you for sharing this post with your followers on the social networks.

Wayne Woodworth

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Why Is There A Low Network Marketing Success Rate?

Sep 10

Posted by Wayne Woodworth in Network Marketing | No Comments

I think there are two reasons why network marketing has a low success rate. One is that people aren’t taught to treat it like a real business and the other is that they are taught a very difficult way to do it.

Network Marketing Business

It is important to treat your network marketing business as a real business if you want to be successful and make some real income. Most people treat it as a hobby and, I don’t know if this is true for you or not, but I’ve never made very much money from my hobbies. To build a successful network marketing business you will have to devote time to it on a consistent basis.

One thing that works for me is to create a to-do list. I have two actually, a daily to-do list of things that I do every day to keep my business on track, and a running to-do list of all the other things that need to get done. Your daily list needs to be small enough that you can get it done in a couple hours so that you have time for everything else.

My running to-do list grows faster than I complete things on it, so prioritizing the items is required so that the most important tasks get done first. The highest priority tasks should be the things that will give your business the biggest benefit for the amount of time that they take to accomplish.

I start my day off by knocking out the items on my daily to-do list as quick as I can, usually in an hour to two. Then if I have time left, I pick the most important task that I can complete before I have to break to take my kids to school. It may not be the most important task because I don’t want to start something that I cannot complete, or at least get to a good stopping point. Once I get back home I go after the most important thing on my to-do list.

How to Make Network Marketing Work

The second problem with network marketing is how people are taught to do it. I know you’ve heard it before. When you start out your are told to make a list of 100 people that you know who you would like to work with. You start with friends and family then add your doctor, your dentist, kid’s piano teacher, and your mailman until you get 100 people. That’s a challenging way to build a business. I’m really! Are you seriously going to ask your mailman to join your network marketing business and actually expect him (or her) to join?

Everybody is different. Some people will actually do very well with the “list method”. They are the people who have been in network marketing for 10 years and have a huge list full of business contacts with solid experience in network marketing. You can be sure that they have a lot more than 100 people on their list and you will have scored big if you can land one of these people on your team.

I have a friend in my network marketing company (wish he was on my team) who does very well with cold-calling. He says that he could sell ice to an eskimo and I’m sure he could. So cold calling is what he has been teaching his team so far but he knows it isn’t for everyone. He has been helping me prototype a training program to teach my way of building the business.

My method is to first sell product online to build retail profit first then build a team second. I use a blog and social media to generate traffic and product sales and it has been very successful. Once a new teammate has money coming in then they can shift to prospecting online for leads. My goal is to build a team that moves a lot of product volume because moving product is where the money is in network marketing.

The point here is that not everybody is the same and not everybody will do well with the same network marketing strategy. Build a team of people with different skills or create an alliance with other people in your network marketing company who can train your new people in the different strategies. This way you open up your business to a variety of people and everyone shares in the success.

I know this was a long post but I hope you received some value from it. What network marketing strategy works well for you? Let me know in a comment below then use the buttons at the top of this post or below to share it with your followers on the social networks.

Wayne Woodworth

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Internet Based Network Marketing Success

Aug 27

Posted by Wayne Woodworth in Network Marketing | No Comments

Your success in network marketing is based on how well you can provide service to your customers, prospects, and downline. This is especially true when building a network marketing business online because you will have trouble even finding prospects unless you are offering value.

There are many ways to build a network marketing business online. Connecting on the social sites, pay-per-click (PPC), search engine optimization (SEO), and article marketing are all methods that can lead to success in internet network marketing. What ever method you choose though, you will probably want a blog as your hub, and that is what I use. All of the other methods you may use to build your business can be used to syndicate your content and drive traffic to your blog.

The key to make a blog work and get repeat visits from your readers is to freely provide the valuable content that your readers are looking for. In other words, don’t just blog about how great your product or you MLM company is. If your blog is about network marketing, then you could offer tips and suggestions about how to build a successful network marketing business, regardless of what company they may be with. If your company sells nutritional supplements then you could blog about the what to look for in nutritional supplements or the benefits in taking nutritional supplements.

The idea is that if you focus on providing service then the rest will take care of itself. By providing service to your readers you are also establishing your own value with your readers. When that happens, your readers are more likely to follow you and some will become customers and / or join your business. When that happens, continue to provide service. Help them build their success and yours will naturally follow.

Always provide service first.

I hope you found this valuable. Please share a time when you achieved some form of success by being of service to someone else. I would also appreciate it if you would share this with your followers on the social networks.

Wayne Woodworth

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Do You Really Know Your Network Marketing Prospect?

Aug 18

Posted by Wayne Woodworth in Network Marketing | No Comments

Most people in network marketing don’t really know who their prospect is. That really isn’t a surprise because we’re all taught the 3 Foot Rule by the network marketing companies and our upline leaders. If you think everybody is your prospect then you’re in for a lot of disappointment because most people are not interested in building a home-based business.

Tailor Your Network Marketing Message

To really be successful in your network marketing prospecting, you need to tailor your message to the right people, and you need to know who those right people are to be able to do that. So, who is your ideal prospect? Is it stay-at-home-moms or dads? A good place to start is with other people who are like you. For example, if you have medical training then your idea prospects could be other people with medical training. You already know who to communicate with other people who are like you. You speak the same language and probably have a lot of other things in common.

For me, stay-at-home-moms and dads could be a good choice because I am a stay-at-home-dad thanks to my network marketing business. I am also a massage therapist so other massage therapists and maybe chiropractors and other body workers and energy healers would be good choices too. The thing about these different groups of people is that I need to use different words and ideas when I communicate to them.

To tell other massage therapists and body workers about my network marketing opportunity I would talk about the product and how having a product like this would help them in their current business. It just so happens the the MLM company I am with does have a few items in their product lines that make great massage tools.

When I am talking to stay-at-home-moms and dads then I would put my focus more on how this network marketing business lets them have more time with their kids. I could also focus on how the product can help their kids stay healthy if that is the type if product that the company sells.

As you can see, I use a completely different message for the 2 groups of people. You need to know who your audience is so that you can customize your message to them as well. Don’t try to get everybody in the world onto your team. Just get the people that you know how to talk to.

So, who are your ideal prospects? Who are the people that you know how to communicate the benefits of your network marketing opportunity to? Share you ideas in a comment below then share this message with your followers on the social networks using the buttons below.

Wayne Woodworth

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How to Make Money with Internet Network Marketing

Aug 9

Posted by Wayne Woodworth in Network Marketing | 2 Comments

If the internet is the best place to build a network marketing business, then how do you use it to start making money quickly?

The quickest way to start making money in any network marketing business is by selling the company’s product at retail for a profit. To do that online you need a place to talk about the product and all of its benefits. I believe that a blog is the best way to do that.  The question now is, how do you take your blog readers and turn them into customers?

If you can sell your company’s product online, then you can link to it from your blog. When people come to your blog, read about your product, and are ready to buy immediately, then you have a sale. This will be a small percentage of the people visiting your site, but it is a great way to start making money from your network marketing business.

The problem is that these are one-time-only sales. You don’t have permission to keep in touch with them and encourage them to become repeat customers. That’s where a newsletter comes in. You’ve probably heard people say that “the money is in the list.” The list that they are referring to is a list of people who have opted-in so that you have permission to email them on a regular basis. You get people to opt-in by offering them something of value, like a newsletter, with an incentive for signing up.

How to Create Repeat Sales

Here’s what I have done. I created a newsletter on my product website that gives valuable information about topics related to the product that my MLM company offers. As an incentive, I give them a discount code worth 20% off on their next order. I use Aweber to handle the opt-in process and to send all of the emails to my list because they handle all of the legal issues with communicating with a list through email and compliance with the anti-spam laws.

Once they have signed up, I can keep in touch with them a few times a month. This helps me to create more value for my name, and my network marketing company’s product. The next time they are looking for a benefit that I can supply, they will come to my website to place their order. It works very well.

A great way to learn how to do this is to see how other people are doing it. If you would like to see mine in operation, the signup for the newsletter is on the right-hand side of my page at www.getmywellness.com/blog/. Sign up for the newsletter and see how I am using it to deliver value and keep in touch with my customers.

I hope you found this valuable. Please share your experience with creating a list or being on a list below. I would also appreciate it if you would share this with your followers on the social networks.

Wayne Woodworth

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Network Marketing Doesn’t Make Money

Aug 5

Posted by Wayne Woodworth in Network Marketing | 2 Comments

I’ve been looking around at what people have been saving about network marketing lately, and what people in my own MLM business are saying about making money with our company. Most of what I’m hearing is that you can’t make money unless you have a huge downline.

That just isn’t true.

How Network Marketing Works

There are two activities that are important with any network marketing business: recruiting people and selling products. Most people seem to focus on recruiting and almost forget about selling product. They depend on new distributors to get on their autoship program. If that is the only way that your team is selling product then, yes, you will need a huge team to make any kind of living in network marketing.

Selling product is where almost all of the money is in network marketing. You get paid based on customers and downline distributors buying product. I currently make more money on a regular basis than my sponsor even though he has more distributors on his team. That is because I sell product to customers.

There is one distributor with my network marketing company who is teaching people to put all of their effort into selling product. He says that you can make more money as a Bronze than as a Silver. Without getting too much into how the company works, you can get to Bronze by just selling a lot of product while making the next jump to Silver requires you to have at least 3 distributors on your team. The problem with going to straight profit is that you start at $0 every month. You don’t have any residual income.

I know there are at least a few companies that pay a “training commission” when you sign up a new distributor, but the focus of the company still has to be on selling a product or service. If it doesn’t, then it is an illegal pyramid scheme.

How to Build a Profitable Network Marketing Business

The best way to build a sustainable income in network marketing is to put some effort into both recruiting and in selling product. My preferred approach is to attract customers and sell them product. Once they have made a purchase I encourage them to join my list so that I can keep in touch with them. They get a monthly newsletter and as an additional incentive, I offer them a 20% discount on orders as long as they remain on my list.

Now that I have their permission, I can give them great information about information related to the products and the business. I can also plug the recruiting side in my newsletters. A certain number of people are going to have an excellent experience and take a look at the business side, and a percentage of them will join.

Once they join, I teach them to do exactly what I am doing. Now I have a team of people who go out and find customers and convert a number of them into distributors. Everyone makes money this way instead of just the people at the top. The new people see what can be done and are motivated to do the same thing. This way is easier for new people because they have something real, a physical product, to tell their prospects about instead of something intangible like wealth or success.

I hope you found this informative. Please leave me a comment below and share this with your followers on the social networks. If you would like to learn more about how I’m building my network marketing business, then just click here.

Wayne Woodworth

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Dealing with Network Marketing Risk

Aug 3

Posted by Wayne Woodworth in Network Marketing | No Comments

There are risks to network marketing and ways to deal with them.

In case you haven’t already heard, a network marketing business is a business just like any other business, and there are risks. Let’s face it, if you are going to make money then there are risks of losing money too. Just look at the stock market or real estate. You can see examples of where people made it big and where people lost everything.

Network marketing doesn’t usually go to those extremes for most people. It is just something you need to be aware of.

The Risks of Network Marketing

In most cases you aren’t going to lose your shirt starting network marketing business because it really doesn’t take a huge investment. The company I am with costs less than $50 to join even after you add in taxes and shipping on the business kit. There are risks though.

The biggest risk is that the company could fail. You will have spent all of your time to build your business and have a decent income just to see it disappear over night. Variations of that might be that the company gets shut down for violations, the decide to drop network marketing and sell their products through another method, or they get bought out.

Another risk with similar results is that they decide for some reason to kick you out. I have heard that is a possibility. There could be rules violations and I’ve heard rumors of some companies getting greedy. It is usually in the contract that either side can dissolve the agreement without warning.

The final major risk is that you fail to make a go of it and decide to quit. Hopefully in this case you haven’t lost much money. Keep in mind that if this happens, it isn’t the company’s fault. If one person can be a success with an opportunity then anyone can if they do the same things.

Mitigating Network Marketing Risk

One way to reduce these risks in network marketing is to choose a company that has been around for awhile. An established company has a track record, a history of how they operate. If a company has been around for 3 decades then you know that they have a product that sells and a compensation plan that has kept distributors over the years.

It is also possible to do more research on an established company. You can find out things about how much debt they carry, how many complaints have been registered against them, what is their retention rate with established distributors? You can’t find this kind of information about upstart companies because they haven’t been around long enough to establish a history.

There is also the statistic that most new businesses fail in the first 3 to 5 years. If a network marketing company is 30+ years old, then you know that they have withstood the test of time.

Brand Yourself

The second way to mitigate risk when joining a network marketing company is to build your own name, not your network marketing company’s. With the Internet it is very possible to establish yourself as an expert in something relevant to the business that you are building, even if you aren’t exactly an expert in network marketing yet. Are you good at getting appointments with people, establishing relationships, do you know how to create a blog or website that gets traffic. You have some skill that you are really good at.

The benefits of creating a brand around yourself is that people will join you and be loyal to you. If something happens to the network marketing company that you are working with, then you still have a name that attracts people. You just have to find a new company to plug in on the back end. You don’t have to start over.

To summarize, like with building any business, there are risks to building a network marketing business. You can control a lot of those risks by researching and joining an established company. To further reduce your risks, you can build a brand around your name so that if something happens to the company, you still have value in your name and not have to start from scratch.

I hope you found this to be valuable information. Please share any insights you have in a comment below. I would love to hear what you have to say. Go ahead and use the button above and below to share this post with your followers on the social networks.

Wayne Woodworth

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