How To Become a Successful Network Marketer

 Anyone can master the art of Network Marketing with a little bit of effort. Whether you realize it or not, we all network in one form or another. It’s apart of our everyday life.

Networking is a very broad concept that is used in all aspects of our life. In general, it’s about a supportive system of sharing information and services among people with common interests. It’s based on the question “How can I help you?” and not “What can you do for me?”

Though the idea of Network Marketing can be intimidating and hard to understand, it is a very effective way of growing a business and gaining access to opportunities that you wouldn’t usually have.

So how can you become a successful Network Marketer you ask?

Here are the guidelines that you can follow:

1.      Set your goals and expectations.

It is very important to set goals because it helps you identify what you want to accomplish in your business, and the activities required to accomplish them.

In the process of establishing your plan, you want to map out both your short-term and long-term goals. It’s not enough to have them in your mind. You want to write down actionable goals, what it takes to make them happen, and check them off as you go.

Once you have identified your goals, you need to be clear on what kind of results you are expecting. Remember, your expectations should be relative to the amount of time and effort you’re bringing into the business. Don’t anticipate for results if you’re not doing anything.

For example, if you set a short term goal to generate an extra $500 per month in your business, you need to be very specific about what kind of sales and team building is necessary to generate $500.  If your company pays a fast start bonus of $100 for each person you recruit into the business, you know that you need to sign up 5 people every month to generate the extra $500.

However, if you know you can only invest an hour a week into your business, and you won’t make time to prospect, recruit, expose and follow up with leads for your business, then you can’t possibly expect to earn $500 per month based on the limited time that you are investing into your business.

2.      Take ownership of the business.

How? By becoming the product of your own product. Be a living testimony. Use the product or service of the network marketing company you’ve joined. You have to convince yourself first that the product is effective before you go on telling others about it. Acquire the necessary tools and bring them with you whenever you’re out searching for leads.

3.      Be a Core Person.

In order to become an effective network marketer, you have to be a core person—a leader. Take initiative and become a role model by plugging into the systems and training that your company and team has put in place and do what you are expecting others to do.

Spend time sharpening your axe and discovering your genius by reading books, attending personal development seminars and listening to audio cd’s about your industry. By undergoing these necessary trainings and skill-building activities, you’ll develop leadership skills that others would be willing to follow and your impact within your organization will become influential and highly respected.

4.      Master the art of Leverage.

Do you want to achieve maximum results by only giving minimum output? That is what leverage in Network Marketing is all about. It is the art of multiplying time and effort by means of duplication.

Duplicate yourself through other people and you can easily multiply your sources of income beyond your expectations. It is best illustrated by using the Five-Step Empowerment Principle of Dr. John Maxwell. This principle is an effective system in developing the potential skills of other people until the craft has been mastered and can be passed on to others.

I DO IT  

I Model

I DO IT AND YOU WATCH   

I Mentor

YOU DO IT AND I WATCH

I Monitor

YOU DO IT 

You Move Forward

YOU DO IT WITH SOMEBODY ELSE

We Multiply

Life as a network marketer can be a very enjoyable endeavor once you’ve learned the ropes.

With the right attitude, preparation, and practice, everything will flow naturally. Before you know it, you’re already on your way to success. Just remember to always live by this formula:

Goals + Actions = Results

Network Marketing is a lucrative multi-billion dollar industry that has become the saving grace for many of the worlds “income seekers” during these rough economic times. If you’re considering partnering up with a company, you’ll find that there are numerous types of niches that exist within the Network Marketing Industry that fall under these four categories.

Below is an overview of the four main industries and what they offer to partnering reps:

1. Health and Wellness

The most common niche that exists in the Direct Sales/Network Marketing Industry today is the health and wellness niche. This industry is considered to be the most popular since more and more people are starting to become health conscious, along with the influence of the aging Baby Boomer population.

These products are highly consumable and have a wide appeal to the masses. They are usually called “alternative medicines” due to their ingredients consisting of natural herbs.

The Health & Wellness products generally promote improving body ailments, enhancing the energy and body’s immune system, while others even promote rapid weight loss without negatively harming the body.

This niche is big on autoship, direct sales and consumable products.  Working within this niche will allow you to build up a large residual income if you have a great deal of sales reps focusing on customers who consume the products and commit to autoship.

2. Cosmetics and Personal Care

Following the trend of health and wellness is cosmetics and personal care. This niche focuses primarily on direct selling and consumer products as well, but instead of dealing with products to benefit your health, they deal directly with the image industry.

Make up and personal care product companies are designed to simply help you look your best. While health an wellness helps you feel your best, Personal care companies help you look your best.

Personal care product companies provide full marketing tools and training for specific product lines that are introduced to the market. The product line is promoted by throwing home parties, demonstrations, and business opportunity meetings. While health and wellness focuses more in recruitment, the compensation in cosmetics and personal care comes from the total number of products sold within a specific time period.

3.  Internet Marketing Companies

Since the advent of the World Wide Web, more people are becoming Internet savvy and are seeking ways to financially benefit from it. With this Internet Marketing Revolution, network marketers are starting to switch to online marketing to promote their products and services.

As the world gets more comfortable with making purchases online, a new niche of Network Marketing industries has surfaced, and we will discuss two of these primary Internet Marketing companies below:

1. E-commerce Companies

These are Network Marketing companies that sell various products and services over the Internet. They range from clothing lines to books to various informational tools amongst other services.

One of the most profitable Internet businesses deemed by these companies is e-book selling. The cost to create an e-book is little to none, keeping overhead very low.

Another great benefit to Internet products is that they don’t even have to pay to ship the products to the customer, thanks to digital downloads. Once purchased, the product can be instantly downloaded directly to the client’s computer, making the customer extremely happy and the company excited with pleasant profits.

Other types of downloadable information products include CDs and DVDs instruction guides and manuals, which these companies also provide as well.

2. Internet Service Companies

There are also companies that specialize in selling internet services. Their business services focus totally on servicing the marketing with Internet tools like web hosting, web design software, auto responders, and e-mail marketing systems.

The market for this type of network marketing  company is virtually unlimited since millions of traditional businesses are now recognizing the internet as their most powerful marketing and promotional tool.

4. Party Plans

Another popular type of niche within the network marketing industry is the party-planning niche. It is mostly preferred by stay at home parents seeking for part time income.

A party planning business only requires minimum investment to obtain your product demos, websites, and other marketing tools. Considered as the most family-friendly of all network marketing companies, this business is a gratifying way to earn profits. By joining a party planning company, members get to enjoy flexible schedules and take pleasure from networking with various types of people.

There are additional niches within the network marketing industry that we didn’t cover here like the traveling niche, investments niche, energy companies and motivational and educational niches.  However, as you continue on your search to find the perfect fit for you, be sure to partner with one that you believe in and will enjoy! Either way, there’s so much to gain from this industry that you can only win when joining!

In this video, Robert Kiyosaki speaks about the values he learned from both his rich dad and poor dad. He also speaks on the cash flow quadrant and how we all view business and money.

For more information about Robert Kiyosaki and the Cash Flow Quadrant, visit his website @ Richdad.com

In building your business or in looking into a new one, I’m sure you’ve been exposed to the hotel meetings that are clear across town and the convenience of home webinars. Have you ever invited your neighbors, family and friends to a huge event at a top notch hotel, only to get there and no one shows up? How about setting up an event in a room seated for 100 people and only 12 show up? Of course this has never happened to you right???

It brings me back to a time where myself and one of my business partners, showed our dedication to the business we were in at that time, by hosting meetings every Thursday. The conference room cost was roughly $90 a night, every Thursday for about 10 months, so I’ll let you do the math on that one.

Though we were dedicated enough to be there every Thursday…rain, sleet or snow, despite the lack of support from others, we kept the show going. Eventually, we started doing live video conferences, as a support to the entire rep base. Through doing so, we found that doing webinars to become a better business decision by:

• Being able to reach more people world wide.
• People saving on gas and avoiding traffic.
• Parents not paying for babysitters or rushing to a meeting from work.

Though these were great highlights of doing home webinars, the most effective was putting $360 back in the bank every month. I made a list below of a few webinar platforms you can use, if you are looking to do home webinars for your business. The links are clickable, so that you can review and choose the one that is right for you.

• GoToMeeting: 30 day free trial, then up to 15 participants at $49 monthly.

• InstantTeleseminar:  $1 for a 21 day trial, then $67 monthly.

• LiveHuddle:  Free account for up to 3 participants. 10 participants and above start at $30 monthly.

• WebEx:  Free 14 day trial for up to 25 participants, then $49 monthly

Hotel meetings are a great way to connect with business partners and new customers, but home webinars are so much easier and cost effective. At least this way you can invite people, without the worry of them not showing up.

Buzzy Boxer gives a great description of what NOT to do in your business. Pay close attention to these few things to avoid while building a network marketing business.

Wouldn’t it be nice to join a company just because the compensation plan, product/service, mentorship, leaders and timing was just right for YOU….without all the fluff? For more great information by Buzzy Boxer, visit Todd Falcone’s website at ToddFalcone.com. Also, take a look at one of his great tools to market your business by “clicking here.” I promise that you will learn tons of other things to avoid while building a network marketing business.