"What Is The Single Biggest Problem In Network Marketing In
General, And How Exactly Can You Create A Recruitment Tidal Wave
That Will Have Your Upline Gasping For Breath ?...."
Any ideas ? Well surprisingly it isn't that people won't join,
your efforts aren't yielding results, your friends and family don't
want to know. Its nothing like that. In fact its so obvious that
most people can't see it until its pointed out to them.
The single biggest problem in Network Marketing is retention. Have
you ever noticed what happens when your upline goes on holiday ?
Things start falling apart. They can't go away for longer than a
few weeks as their group quickly starts disintegrating. Why is
that exactly ? If you look at Network Marketing in general there
is a 90% drop out rate in the first 6 to 12 months. In other
words, if you sponser 10 people today, then in 1 years time only
one of them will still be in the business, and probably won't even
be working that hard.
Now at the beginning it isn't that much of a problem. If you have
10 people in your business, then as long as you recruit 9 or more
people over the next year then your group grows and you're on your
way. But look at what happens once you get to say 100 people. All
of a sudden you need to add another 90 people just to stay where
you are ! At 500 people it rises to 450 ! And thats just to stay
where you are, never mind growing you business further. So you see
what happens if your upline goes on holiday for just 3 months to
"live the dream" of network marketers ? They come back and find
their group nearly 25% smaller than when they left, which in most
leadership compensation plans can easily mean their monthly income
cheque is halved. Was that 3 months holiday really worth it ?
Now don't get me wrong, I love Network Marketing, which is why over
the next few issues we'll be looking at how exactly to do this
right. How to cure your retention problems step by step - forever.
You see, if you do everything the correct way, using proper
marketing techniques and leaving your warm market alone, then a
retention ratio of 65% or more is completely achievable. In fact,
I know many leaders in Network Marketing who simply apply these
techniques and have retention ratios of 85% and above. Once we've
worked together to solve your retention problems, we'll then work
on how to grow your business at incredible ratios, and I'm talking
well in excess of 20 - 30 people a week, if you're willing to put
in the time and effort to do that. But first things first, lets
look at how to keep them once their in the business first.
"How Many Others Want To Know How To Achieve 65% + Retention Rates
Year In And Year Out Without Fail....."
So where should we start ? Well believe it or not but the cause of
retention problems has just two root causes. The first is the
approach - leading with the opportunity not the products. The
second is the prospects - the warm market. Today we'll focus on
the first and why exactly leading with the opportunity causes you
to lose nearly 90% of your downline every single year.
Have you ever heard the definition of madness ? Its doing the
same thing again and again, and expecting different results.
Crazy, or what ? Yet this is exactly what happens in over 97% of
all network marketing down lines. If I were to get every network
marketer in the world in a room together and just ask them the
simple question "How many of you were told how much you would make
in Network Marketing at your first opportunity presentation", I
know that every single one of you would raise your hand. This has
been the approach for over 30 years. No matter how the person is
prospected - warm marketing, cold marketing, internet marketing,
ads, flyers, business cards, skywriting you name it. Every single
one is told how they are going to make millions in Network
Marketing and all they need to do is get 2 who get 2 who get 2 and
bingo within a few months you're a millionaire. Now if you don't
apply a 90% DROP OUT RATE !!! Then sure that works. How many of
you were then asked "Surely you know just two people who'd like
extra money don't you ?". It's a simple question that has only one
answer. Who doesn't know 20 people who'd like extra money ??
All in all it sounds like a logical approach doesn't it. Everyone
needs extra money so tell them what they want to hear. However it
has ONE major flaw.
Any ideas ?? It sounds too simple, and after that "you know 2
people don't you" your prospect believes he can't fail and everyone
will join ! No matter how many times you tell your prospect that
it needs hard work he only hears how rich he's going to be. Why,
he only needs 2 and then he's set. But what happens when his first
5 prospects say no ?? This wasn't expected was it - this was going
to be easy. Maybe the problem is the product or the business, or
aliens or something. It can't be me or my approach - these people
really need money. See what the logical conclusion is ? They try
a few more people who also say no, because they've just heard too
many get rich schemes before, and they know our associate is
a sucker for get rich - so they just say no. So our hot new
associate is dissatisfied - and now quits. It wasn't something for
him. But that's ok - we're after product sales not numbers of
reps...... oppps - he was only using the products to make money. No
more product orders from him.
WHAT IF THERE WAS A DIFFERENT WAY ?
How about actually NOT MENTIONING the opportunity ? I know you
think I've gone mad, but seriously. Go out there and find people
who have a need, a want or a desire for your product. Its amazing
how many network marketers are lead to believe that their
compensation plan is the product. You all have legitimate products
that work and help people! Find product users who love your
products.
So lets take this one step further. Imagine you have a product
user who actually likes your products and is using them because
they are impressed with the product. What would you say if you
were in Wal-Mart and the store manager came up and said "Hi, I can
see you buy our bread a lot. How are you finding it ?....... great.
Let me ask you a question, if I can show you how to get that great
bread for FREE would that be something that would interest you ?"
Now how many people would say no ? Raise your hands.... Come on.....
what nobody ?
OK so you see how it works. I'm sure many of us can show this keen
product user how to show others the product so lets fast forward a
few weeks. They found a few other bread lovers and they're now
earning enough residual that they get their product for free. Is
that the end of the game ? Nope..... you now have several more
product users to help. However the person now getting their
product for free, is kind of getting the hang of this now. Now
they have this fantastic bread and for free. How about making some
serious money now ? They already know what to do.
For the sceptics out there, lets look at what happens if things
don't go well. Lets say our bread buyer tries to share the product
with friends and family and completely crashes and burns. I'm
talking burning so badly they might just need a doctor. Well, they
don't get their product for free, but do you think they're going to
stop ordering their favourite bread ? No way !
Make sense ? For those thinking this doesn't work - it does. Try
it for just 30 days and I'll guarantee you results. In fact if you
don't see results give me a call on my MLM Helpline
(1-623-748-1394) or drop me an email (martin@explosivemlm.com),
tell me you tried and failed, and I'll spend 30 minutes showing you
how. Even better I'll even waive my usual $75 fee simply because
you tried. Gerhard Werkin, one of my students with a telecom
company tried the approach above. He had a down line of 90
representatives and nearly 900 customers. But he was only adding 1
or 2 reps a month. After just 5 weeks of basic training, he went
out and put 24, yes 24 new reps into his business the very next
week. How many of you would like that ?
Go out there and share your products, and your business builders
will come.
God Bless
Martin
Email : martin@ExplosiveMLM.com
MLM Helpline : 1-623-748-1394
Martin Lightbowne is a respected graduate in the Art and Science of
Marketing, working with Network Marketers from all over the globe
to explode their businesses. If you're looking for massive growth
in your business, either send an email to martin@explosivemlm.com
giving your name and number, or call the M L M Helpline on
623-748-1394.
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