The Truth About MLM And Network Marketing - Boss In The Bentley

Is there a secret to a high earning formula for Network Marketing?  Have you heard all sorts of promises before and want to know what to make of it?  There is no get rich quick solution but here is a lowdown to give you a few things to bear in mind if you are looking at MLM and Network Marketing.  Let me know what you think with a comment below.

The Network Marketing High Income Formula

By: Ed Forteau

Want to be a mega-earner in network marketing? You'll need these three qualities: Leadership, Innovation, and Commitment.

Network Marketing rewards its leaders handsomely. The leaders are the ones who are willing to hold conference calls, offer their homes for meetings, or become corporate trainers. Leaders help and teach others how to be successful (regardless if they are downline, crossline, or in another opportunity).

Leaders will always have a home in this industry, because every single company CEO, and every top producer, wants a leader in their organization.

Network Marketing rewards innovators handsomely. I remember when Dale Maloney (a leader in this industry for over 20 years) scared up a few dollars to buy a mailing list, some stamps, envelopes, and paper to send out some sales letters to recruit others into his opportunity. I was in the second wave of people to receive a letter written by Dale. Until then, no one thought of using direct mail to build an organization.

I remember the first national ads in the newspaper USA Today, the first toll-free recorded information lines, mailing audio tapes (even before Dead Doctors Don't Lie), email marketing, and flash presentation lead capture websites. The innovators who used these marketing breakthroughs made small fortunes.

The next innovation is just waiting to be brought to the market. History has shown that if you are innovative, you will be richly rewarded.

Network Marketing rewards commitment handsomely. If you plan on giving up after hearing no a couple of times, or if you feel you're done recruiting after you get your first couple of people in (like the average person), then quit now. The average person in this industry does not make money -- they lose money. Why? They are not committed to being successful. They are not willing to do whatever it takes. And being committed to doing whatever it takes is what is necessary to be successful in this industry.

There is no such thing as "Fast Money" in network marketing. Have you heard any of these? "No cold calling." "No selling." "Work a couple hours a week.." "Retire in two to three years." All Lies!

Lifetime residual income is not built over a few months. It takes years to build a retirement income. Hard work. Polished selling skills. Consistency. Persistence. You must be committed to these basic values to achieve success.

So pick your poison, or embrace all three. The qualities of leadership, innovation, and commitment are paramount to your success in network marketing and life.

Author Bio
Ed Forteau & Kevin Paschke are the authors of the new home study course Conversational Recruiting: The Complete Business Success System (available in September 2005). Attract, Sponsor, Retain and Develop all the distributors you will ever need. For more information, visit their website 

at: www.conversationalrecruiting.net and sign up for their 15 Day Advanced Conversational Recruiting Mini-Course.

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Source: By Ed Forteau

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Revealed: The Ultimate Lead Generation Tool

Want to know this secret marketing strategy?  So obvious when you think about it isn’t it?  Peter Lawless reveals the ultimate lead generation tool for marketing.

Revealed: The Ultimate Lead Generation Tool

By: Peter Lawless

Create a Referral Strategy
The strategy that I am referring to is a referral strategy. Most importantly, ask them for a referral!For those of you married or with partners, think back to when you met them. Were you with someone you know, was there a connection to someone you know - or were they complete strangers that you just walked up to?
Most businesses will tell you that they do really well due to word of mouth. How well do they do? Most can't quantify it. In addition very few have implemented any formal process or strategy to ensure a referral system is in place.

A Referral Strategy in Practice
Let me share with you a simple strategy, which was put in place by a service garage. You should strongly consider a variant of this strategy for your own business. The garage owner created a simple card, which outlined in 5 short bullets, why they were a great place to get your car service done.

They gave this form to all people who had just had their car serviced. There were two blank spaces on the form. The first one entitled the person whose name was filled in to a 10% discount on their next car service. The second space was for the person who had just had a service.

If the card was used, that person then got a 10% discount as well. In other words there was an incentive to pass on the referral. In addition, there was also a strong subliminal message to the person being referred. They were being told that not only had the referrer had their car serviced and that they were happy with it, they also were prepared to go back again to get their 10% discount.

Create a Referral Strategy Today:
1. List all of your existing customers and categorize them by niche.
2. Ask yourself, what incentive you can give them to send you leads.
3. Set yourself a target of how many referrals you are looking for from each customer.
4. Do it, and measure it.
5. Once you know what works, and what doesn't - modify your system accordingly.

An opportunity lost, could be an opportunity gained.
There is one other great place to get referrals. And that is from the prospects that don't become customers. Let's assume you lose the sale, for whatever reason. You must remember that there is actually good in all people! When they tell you have lost, be nice and understanding, you may do business again at a later stage. Most importantly, ask them for a referral. The chances are, human nature, will kick in and they can absolve their conscience by giving you a referral.

Author Bio
Business Owners who need more sales and better marketing advice, turn to Peter Lawless, of 3R Sales & Marketing. For previous articles and interviews like this, visit our website and subscribe to Success. We also provide free Sales & Marketing Assessments for Business Owners with an Irish Connection.

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