All Entries in the "About MLM" Category

Web 2.0 For Your MLM Business

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web-20 Recently, I read a piece of news article in my local newspaper. The contents of the story goes on to talk about how traditional companies and MNCs have been exploring with methods of marketing with Web 2.0.

The definition of Web 2.0 in Wikipedia is as defined;

“Web 2.0″ refers to a perceived second generation of web development and design, that facilitates communication, secure information sharing, interoperability, and collaboration on the World Wide Web. Web 2.0 concepts have led to the development and evolution of web-based communities, hosted services, and applications such as social-networking sites, video-sharing sites, wikis, blogs, and folksonomies.

FaceBook, Friendster, Twitter, Jaiku, MySpace and BetterNetworker are some popular examples of Web 2.0 Social Media platform.

The purpose of these platform is to allow people to interact in communities and meet more people. This give opportunities for marketers to know more people and market the business and products in the community.

Most MLMers market the business opportunity and the products. But advertising and marketing in such social platforms is very different from the traditional media.

Because it is a community, you need to build a strong online presence, and instead of blatantly marketing your products and services directly, you can also market how your life have improved with it.

People are more receptive when you talk about your life than the products.

So how do you sell your stuffs?

You need to befriend them and from there make them interested about your products or opportunity.

This process is deemed as time comsuming for many marketers, that is why many of them put out a link to their website and opt in page instead.

I personally feel that nothing beats knowing more people and forming more relationships then collecting leads, of course both have to go hand in hand.

If you can meet people to form ventures and partnership, the benefits will be far greater than simple collecting leads.

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Jane Quek | May 21, 2009 | Comments 45

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5 Keys to Build Residual Income With Networking Marketing

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Do you want to know how to generate long-term MLM residual income from your MLM business? Read on to discover the secrets to it. Network marketing or MLM is an excellent strategy to build long-term residual income.

Residual income is generated by the ongoing sales to loyal customers in your network marketing organization. Therefore, the key to generating residual income is to build a large base of satisfied customers. Here are the five most important keys to achieving this goal.

1. Lead Capture Page

The purpose of capturing the name and email address of your leads is to build a relationship with these prospects. Make your lead capture page’s headline powerful. Each headline should attract your readers to want to know more and why they should subscribe to ‘earn money fast online ‘ list. Bullet point what you will offer. You may also want to give out a free report that will compel them to subscribe.

2. Auto Follow Up System

Imagine if your business comes to a point where you are generating 1,000s of leads per day! You would not be able to follow up with each one of them on your own. So what you would need is an auto responder that will automatically follow up with your prospects.

3. Find a company with a deep and wide compensation plan

For residual income, you want to be able to build a deep downline. The best compensation plan for residual income is one that gives you increasing commission on at least 5 levels. You also want to be able to build it as wide as you like to accommodate a large base of retail customers.

4. Lifelong Traffic

There are many ways to drive traffic to your lead capture page. However I always advise network marketers to spend time on traffic methods that will continue to generate itself for many years to come. One of this lifelong traffic method is article marketing. Try to write and submit at least 5 articles per week. Each article should be of 300-600 words length. By submitting articles consistently, you will generate as many as 100 leads per day and you will be generating a fruitful MLM residual income in just a matter of months.

5. Add retail customers by marketing your products

Don’t lead with your business opportunity, because chances are you don’t have on yet. Instead, learn how to market your product to the right target market. This is actually much easier than recruiting and keeping new distributors. Once you have acquired that skill, and developed marketing tools for your product, you are now in a great position to transition from retail to residual income.

Surviving in this business is tough for many. However don’t give up and just be determined. Start implementing the three steps above and you’re already on your way to your freedom ticket with a rewarding MLM residual income paycheck. Just keep thinking and visualizing about what freedom would be like with true automated wealth.

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Nicholas Ho | Apr 29, 2009 | Comments 11

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Using Memory Jogger to Kickstart Your MLM Business

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Usinging memory jogger to kicstart your MLM business Have you experienced the confusion of how to get your network marketing business started when you first kick-off in your new MLM business? I did when I first started out.

I still remembered then, my mentor adviced me to use a “memory jogger” to help me list down prospects for my business.

Many people in the industry do not know what is a “Memory Jogger”, have not seen one or used one before either. Today let me explain what’s in a memory jogger.

1. People you pay regularly

Make a list of the names of the persons to whom you pay on a regular basis, such as every week or every month. for starters, list your grocer, milkman, service station owner, garage owner, cashier of electric gas or telephone companies.

2. People you pay occasionally

Today talk to your chemist, jeweler, painter, decorator, clothing store owner, shoe store owner, furniture dealer, and so on. Include anyone you buy from now and then.

3. Professional people

You deal with professional people frequently. Everyone has contacts with doctors and dentists. If you have children of school age, you are probably acquainted with a number of teachers. Other professional people may be lawyers, bankers, and clergy. Put their names down, go out and talk to them.

4. Organizations you belong

What about the church you go to, and clubs, loges, and association meetings you attend? Make a separate heading for each and list the names of your friends and acquaintances among the member. Then contact them.

5. Friends, neighbor and relatives

People you care for. This makes a huge list.

6. School classmates/ extra-curriculum activities mates

What about the people you went to school with? Use friendster, facebook, and other social networking websites to get connection. Use school yearbooks and alumni clubs.

7. Previous jobs

If you had another job in your present community before you entered your new position, you have a circle of friends and acquaintances with whom you work. Also you must know people whom you used to think of as a competitor, or who were in a competing business.

8. Recreation

Do you like playing golf or tennis, or have a hobby in which you are active? If so, you must have met a number of people through this sport or hobby.

9. Military/ National Service/ Regular Force

Who are your training mates? Who are your unit colleagues? Who are at your reservist units? Which friends are in the army, air force, navy, police, or civil defense

10. Business cards

11. Sales related, direct sales, networkers, property agents, financial planners

Make a list of people that have called you or are successful in this areas. Arrange special appointment with your carat club mentor.

The crux of using a memory jogger is to not prejudge anyone! Write down anyone that come to your mind NOW. You never know if the person needs an opportunity today.

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Nicholas Ho | Mar 15, 2009 | Comments 31

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The Power of Goals

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The power of goals and goal setting One of the things that can motivate you to be disciplined to do sales and follow up with prospect and clients are your goals. You strive to achieve your goals. But to be motivated, your goals must be set to give you focus, clarity and direction.

If you don’t set proper goals, it may pull you back and instead of motivating you, it may cause you to be unmotivated.

Follow the SMART rules for goal setting.

S- Specific
M- Motivational
A- Achievable
R- Relevant
T- Time Frame

Specific

Your goals must be set as specific as possible.

A poor example is; “I want to make more money”.

A specific goal should look like this: “I want to make $5000 by the end of this month”.

The clearer your goal is, the more focus it will help you become.

Motivational

Your goals must be able to motivate you. If you are normally doing $3000 worth of sales, a goal of making $3500 may not motivate you enough to make you excited enough to want to achieve it. But is you set a goal of $5000, and that will make you the top marketer in the company, you will be more excited to achieve the goal.

Achievable

You goal must be set high enough to motivate you, but it must also be realistic enough to achieve. If you set a goal that is too difficult to achieve, after a few tries of achieving the goal and not being able to achieve it, you may feel depressed and unmotivated.

So your goal should be set achievable yet challenging. Challenging goals will force you out of your comfort zone making you learn and grow more.

Relevant

The goals you set must be relevant to you, personal. You must be able to identify and relate to the goal. You set the goals that you want to achieve, not goals that others want you to achieve.

Time Frame

You should include a time frame for you to achieve the goal, so that you will be motivated to achieve the goal within the stipulated time period. Deadlines also instill a sense of urgency and make you move forward faster.

After you set your goals, you should make it a point to look at it at least twice a day to remind yourself that you need to achieve this goal. The constant reminder will help to drive it into your subconscious mind, so that your actions will be more inline with your goals.

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Nicholas Ho | Mar 12, 2009 | Comments 8

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Explode Any Business with the Power of Networking

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The Power of Networking

You need to meet more people to increase your prospecting activities and to get more referrals. Networking events gives you the opportunity to meet more people, establishing quality relationships, giving you an opportunity to make a sale of recruit.

Here are some tips on how you can make the most out of each networking activity:

1. Choose the right Networking event

You should focus on attending networking events that are relevant to your industry. Some events you can attend are seminars, exhibitions, associations, etc. Look at the potential of attendees to become your client or referral. E.g. If you are a marketer of health products, you should probably be interested in events such as health talks, Nurses’ association, Hospital events.

2. Focus on quality instead of quantity

Instead of trying to know every person in the room, you should focus on establishing quality relation and connection with a few people in the event. Knowing a few people well is much better than knowing many people briefly. They may not even remember you after the event. But if you make quality connections, they are more trusting, and are likely to remember you.

3. Make positive first impressions

First impressions are very important is networking events, everybody is eager to meet new friends, is you don’t create good impressions, you probably wont catch their attention for very long.

Give good firm handshakes and eye contacts and a genuine smile when you introduce yourself. Listen carefully and remember their names. Make a powerful impression by asking what they do before going on and on about your own company and business opportunity. Listen carefully about what they tell you, and once you show interest in them, they will normally be more interested in you.

4. Clearly convey what you do

When you introduce yourself, clearly say what you do and for which company. Your introduction should make people more curious about what you are doing, and ask more questions. Your introduction should be well rehearsed so that you can recite it anytime, in any circumstance. Be genuine and real in your introduction. You should also exchange business cards with each other.

5. Follow up

Once you manage to get contacts from the networking session, the most important thing you need to do after that is to follow-up. Send a handwritten card or email to them. State something interesting from your conversation and express interest to keep in contact with them. Remember to include your business card if you didn’t already give the in the event.

Contact them a few weeks after the networking event for lunch of coffee. This gives you an opportunity to meet them face to face to learn more about what they do. This first meet up should be a relationship building session, not a sales presentation session.

The more people you establish quality relationship with, the more chances of you doing business with them or have them to become your referrer.

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Nicholas Ho | Mar 10, 2009 | Comments 10

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Who’s Your Best MLM Business Partner?

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Who's your best MLM business partner? Most of the time, all of the people that are interested in becoming part of an MLM are just put off because they don’t really want to chase after their family or friends. You may even be the type of person who is reluctant to approach strangers when you’re out each day. What puts a lot of people off is the fact that they have to make a list of all their friends, family and acquaintances and this doesn’t go down too well with a lot of people. Many are averse to network marketing and wouldn’t like to join even if you asked them to. Wanting to try the product and joining up with an MLM are two different propositions.

A more effective partner may be someone who has shown interest in home businesses and has requested information from you. There are many people making good incomes by using the internet as their tool earn an income and almost every MLM gives their distributors a free web site they can use. Don’t forget to also sign up for a VoIP service. Having the best VoIP softphone you can get as well as the best VoIP software you can afford will help you have better communications with your prospects. These sites are useful to lead prospects to after they have already pre-qualified. To get them there, you might want to look at a Squidoo lens, a blog or a web site of your own so you can promote this site.

Your blog or website introduces you to people online rather than your MLM, as most successful people know the importance of marketing themselves first prior to marketing their product or service. One of the biggest advantages of learning how to market your MLM on the internet is how you will find business partners you otherwise would never meet. Your whole business can be run right from home and you can teach and train people virtually.

The whole basis of MLM and network marketing is relationships and the great thing is, this works well over the internet too. One needs to foster relationships not just with the leads generated but also the people on the team. In addition free instant messaging from Yahoo, MSN and others are available. You do not have to worry about costly long distance calling there are other cheap or even free modes of communication that are made available to us by latest technologies which was not the case until recent past.

The internet has opened by low cost and in some cases free ways to build your own MLM. If you make diligent efforts you can certainly see results though it would take some time, but if you do not make any efforts you cannot think of success as your business cannot build itself. Don’t get taken in by people who promise to build a business for you. Don’t get fooled that you will get something in return for nothing as network marketing cannot be successfully built on that premise. You can see success if you are focused and work with determination putting in your best efforts.

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Nicholas Ho | Feb 27, 2009 | Comments 29

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Learn The Best Way To Build Residual Income

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Learn The Best Way To Make Residual Income People have the desire to be successful in network marketing because they know this is the way to build residual income. What do you think differentiates you from all the other successful network marketers out there? The answer is MENTORSHIP and DAILY ACTION. If you’re not doing these two things, you will probably fail like 97% of people in this industry.

Goal setting is one of the ways that you can figure out where you want to be in life and what you need to do to get there. Set reasonable goals. We cannot always accomplish everything we want all at once. Look at the long term results. Many people think just because they fail once or twice, it’s time to give up. I can tell you that if you have this attitude coming into network marketing, you will fail. Take your failures as learning curves. Keep at it and don’t give up. You will eventually succeed.

One crucial part of achieving goals is education. It’s so very important that we educate and train ourselves as network marketers before we can even try to build residual income. This industry is very competitive and the successful people are the ones that have chosen a leader to follow and learn what methods have helped this leader reach the top. Then, take these marketing methods and use them yourself to build your own business.

If you do that, daily, there is no way your not going to be successful. There is no difference between what you do and what the other successful networkers do except taking ACTION on PROVEN marketing techniques. If you have the determination and drive to build a huge organization, then that’s what you will do.

Again, I cannot stress enough how important the right education and training is. I know because I’ve been there myself. It wasn’t until I entered the right training program and partnered up with a successful leader, that I started seeing results in my business. It’s now time for me to pay that forward. I want to see people succeed just like I have. We are all network marketers and should be helping each other. That’s really what this business is all about.

If you want to take your business to the next level, learn how to build residual income and be successful, I suggest that you take a look at Jenn Lawlor, who is a top leader, recruiter, and excellent mentor in this industry. She has launched an online ecourse that will show you exactly which marketing methods she is using to build multiple, successful businesses online today. This is a step-by-step training program and if you implement into your business, what she is teaching, you are guaranteed to see success. It’s completely up to you!

There are many obstacles before you reach success. I want to help you avoid making the same mistakes as myself and many other networkers out there have made. I want to save you the time and frustration. There is no better way to learn network marketing than to learn from one of the most successful people out there.

This is guest blogged by my friend Jenn Lawlor. To gain access to Jenn Lawlor’s Online Course, go to: MLM Secret Profits, where you will find a video of Jenn speaking about her journey and success in network marketing. Then, you can take a look at Shona Dosher’s blog at Genewize Profits where you will learn about a business that will allow you to create wealth in a matter of months.

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Nicholas Ho | Feb 27, 2009 | Comments 3

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MLM a Solution to Get Out of Recession?

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The economy is bad now. You can see people getting retrenched all over the world. Companies going bankrupt, getting aids from the government, what’s more?

If you are a paid employee in any company, be it a Multi-National Company of a local start up, you should be afraid, because you may just lose your job tomorrow.

This is scary, but it is the TRUTH!

You need to start planning, make back up plans, and build a business you can fall back on.

Multilevel Marketing (MLM) is a system for selling goods or services through a network of distributors. The typical Multilevel Marketing program works through recruitment. You invite people to become a distributor of the company and you get to earn an overriding commission from their sales.

What is so good about MLM Network Marketing is that anyone can do it. You do not need to have special qualifications to start. All you need is the desire and drive to succeed, cliché? But that’s just what it takes.

In the year 2007 the worldwide direct sales volume was recorded at US$110billion and the figures are rising. This shows that is definitely a market for MLM Network marketing.

MLM Network Marketing have provided a good source of income for many stay home mums and even enabled many people cross over from their full time job.

MLM Network Marketing has created a solution to many people amidst these times of recession. It can help people supplement incomes and improve financial condition. Already many have turned to it.

Take life in your hands.

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Jane Quek | Feb 19, 2009 | Comments 8

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MLM Networking Opportunity: Does it Make Sense?

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This post is guest blogged by Asem Eltaher. Asem is the author of Online Home Office teaching beginners how to make money online using his legitimate business opportunities.

MLM Networking Opportunity: Historical Background

Initially, this business started with a limited number of industries like household products and cosmetics. Later in 1980s, MLM business opportunities have been enriched with diverse fields like insurance and long-distance telephone services. Thanks to the new tools and high technology invented in the beginning of the twenty first century, mlm industry became more and more widely accepted.

MLM Network Opportunity Makes Sense. WHY?

Thanks to the new technology we currently enjoy, it became much easier and comfortable to establish solid communications with your network marketing workers. In addition, sales and commissions can be organized in diverse ways that were not possible in the past.

It was not available in the past to earn money online through any MLM networking opportunity due to the shortage of the demanded technology. Nowadays, it is not needed any more to go from door to door trying to convince the people to join your down line. Instead, everything can be done online with the comfort from your home.

Working at home does not involve any overhead cost and, further more; your online advertising is a question of spreading your words even orally among your family and friends.

Another serious motivation for that you would not be in a situation that you have to care about your customers after sale. You do not have to care about the shipping process either. Instead, your mlm company should take care of all this work.

One Tip that should not be Ignored!

Unfortunately, multi level marketing does not enjoy in most of the cases a good picture and high reputation over diverse business opportunities. This is unfortunately true because of the wide spread of the building pyramids scams that are working around in the internet. Nevertheless, diverse mlm companies still do this profitable business using legal approaches.

Therefore, if you intend to start your mlm business, look for one that has been in the business for a number of years. Take note that many scams are often fly-by-night operations. But this does not mean that you have to avoid younger companies. Look carefully through the discussion rooms or forums before you take a leap of faith.

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admin | Feb 07, 2009 | Comments 5

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How to Build a MLM Business If You’ve NO Time

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I am busy now!

Some networker have a full time job and is doing Network Marketing/MLM on a part-time basis. So time gives them very little time to spend on network marketing. But this is not a big obstacle to success in Network Marketing/ MLM.

It is possible to build a big and thriving network even when you have a full time job. Follow by this 5 simple rules to manage your Network Marketing/MLM business to build your passive side income that it may even be bigger than what your full time job pays.

These 5 simple rules can help you build your Network Marketing/ MLM business in one hour each day.

1. Get Clear On Your Goal

Before you do anything, make sure that you have your goals set and set deep in your mind. Without a specific clear goal in mind, it is difficult to achieve anything in life. A good goal should be one that is SMART;

S – Specific
M – Measurable
A – Attainable
R – Realistic
T – Time frame given

2. Learn What Produces Results and What Does Not

Know what activities delivers you the results and which ones delivers the best results. Identify them and do these activities again and again and gain. Network Marketing/ MLM is all about repetition and duplication. Successful Marketers only do a few activities and they excel in those activities.

3. Work Your Business First Thing In The Morning

Set aside time for your business in the morning before your go to work. So that you know that your day is fruitful and fulfilling. Don’t leave it to the end of the day when you are tired from work. You have to be disciplined to do this in order to achieve success in the business.

4. Don’t Get Creative

Network Marketing /MLM have existed for a very long time. The ways of doing this business are proven, don’t try to be creative and think of new ways to do the business. Follow the ways that made people successful rather than trying to “reinvent the will”. Leave the creative ideas to people who have time.

5. Create System For Generating Leads

Since you will not have a lot of time to do the business, you should follow a tried and tested system to generate new leads for your business. This gives you more time to do other activities in your to do list. Some ways to generate leads offline are referrals, telemarketing, generating leads online takes less effort and is more dynamic. You can use article marketing, social networking, etc.. to generate your leads.

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Jane Quek | Jan 29, 2009 | Comments 13

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