When I first started network marketing online, I was overwhelmed by details and I had absolutely no idea how to be successful at it. The problem that I had is the same problem that I see others having, and that’s that they don’t understand what the principles are that govern online network marketing success, and so instead of sponsoring new distributors, their time is wasted checking emails, refreshing their company back office, and other time consuming non productive activities.
In order to successfully market your online network marketing business, you’ve got to understand the foundational basics of success, and your business will transform if you stay focused on whatever step you’re on. There are four stages of growth in building an MLM business online and you’ve got to focus most of your attention on the activities in a sequential, rational manner. What I’m going to do is cover the four steps of growth and give you an assignment to focus your attention.
1. The first step of building your MLM online is to get your system and sales funnels in place. You can’t build a business and build a website at the same time, you’ve got to have the website and sales funnel in place first. Most people get frustrated when they’re not making any money and they don’t even have their sales system in place! I’ve never seen a franchise owner try to sell hamburgers before they erect their store, and online network marketing is no different.
2. The second step in network marketing online is learning how to create enough traffic to capture a significant enough portion of the marketplace to make a meaningful difference in your business. Trying to close prospects over the phone before you have any prospects doesn’t work, and you can’t have prospects until you have website traffic. There are a lot of effective ways to generate targeted traffic to your website, and they all work and are specialized to different kinds of personalities. You need to just choose one and realize that until you have at leaste 100 people a day going to your website, you’re not going to be able to close very many prospects.
3. The third step in network marketing online is capturing contact information from people who visit your website. This is usually done with an opt in form on a blog or sales page that allows a prospect to ask for more information about what you do. If you don’t capture your prospect’s information, building your business is going to be complete guesswork.
4. The final step of online network marketing is to learn how to prospect and close over the phone to people who request information and ask to be contacted by you. The great thing about building your business like this is that you will typically only ever talk to interested prospects, and the time that you spend on the phone is well spent. Sometimes people think they can get online and never call prospects and build a huge downline and the fact is that it just isn’t true. You want to move to step four as FAST as humanly possible when you’re starting your business, but realize that you can only do one thing at a time. If you don’t have any prospects, how are you going to close them?
Ok, now for your assignment. I want you to read through the four steps and ask yourself the following question: What’s next? Is your system set up? If not, set it up. If it’s set up, are you getting at least 100 visitors a day to your site? If not, learn to create traffic and focus on that. Are you converting at least 10% of your visitors to leads? If not, get educated on creating a compelling offer that captures attention and focus on that skill. Are you getting at least 10 leads per day? If so, focus on PROSPECTING. I hope this helped you, and I’ll look forward to seeing you at the top of your companies pay plan.
Online Network Marketing can be a rewarding business to be involved in if you know how to build it right.
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{ 15 comments… read them below or add one }
David, thank you for putting this in simple lingo: system setup, traffic generation, capture info, convert
.-= Adam Ayer´s last blog ..Network Marketing Online, How To Do It Right =-.
Interesting blog….thanks for posting!
Hey David!
Excellent advice as usual! Workin’ on the 100 a day to our website and will need help with #4, for sure!
See you in Dallas on Thursday!
All the best,
Dan
.-= Dan Pressler´s last blog ..Can People Make Money For Free In Any MLM Business? =-.
Great Advice, that is exactly the process in Network Marketing Online, and you laid it out perfectly. I will retweet this, I enjoy sharing Good Knowledge.
Eric Burnett
.-= Eric Burnett´s last blog ..Social Networking To Create Effective Internet Website Buzz =-.
Fantastic post Dave. As a new Networker in this industry, this has given me much needed direction.
Thanks for sharing these tips. Investing your money to companies that does this job is also a good idea but you have to choose a reputable company that has a reasonable or feasible fees.
.-= Jess Echavez´s last blog ..Updates on RSS Directories =-.
The company brokerages network will provide you with access to a big pool of people who’ve the details about businesses for sale and buyers or investors searching for a company venture. By making good use from the info you’ve, you might be cutting a provide and make a handsome profit out from the transactions.
Hi Dave, thank u for this article it´s been really helpful for me.
As I told before, I admire your work.
Regards.
agustin´s last [type] ..IDEAS PARA GANAR DINERO
online marketing is very easy if you are very hard working:,:
online marketing is my specialty, i love to market products online;-.
Great stuff as usual Dave, I think a lot of people like to hid behind their computer and never talk to anyone. Network Marketing has always been and always be a relationship business even with the use of the internet.
Craig Anderson´s last [type] ..Network Marketing- Top Lies People Say About Their Opportunity
I simply had to thank you so much all over again. I do not know what I would have handled without the actual ways shown by you relating to this industry. Certainly was an absolute frightful condition for me personally, but looking at a well-written approach you solved that made me to cry for contentment. Now i am happier for the guidance and as well , have high hopes you recognize what a powerful job that you are doing teaching many people via your blog. Most probably you haven’t got to know any of us.
Hey David,
Very clear and concise post, I like how you basically simplified the online network marketing business model and gave action steps that everyone can take action on to start to see results.
Thanks,
Billee Brady
Billee Brady
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