Profit vs. Wages

The Five Failure Factors in Network Marketing

2011-12-03T08:04:00.000-08:00

The Five Failure Factors in Network Marketing

Author:

Rod Nichols

The Five Failure Factors

By Rod Nichols

1. Takes too long to make money – although there are a few that pay daily, most network marketing companies pay residuals either monthly or weekly. The average new network marketer takes sixty days or longer to sponsor their first person. During those first sixty days, they have paid the costs to join, bought products or activated a service, purchased marketing materials, and possibly paid to be part of an advertising co-operative or purchased leads. They have also made their list of 100 or 200 warm market prospects and are tentatively blundering through those, experiencing a great deal of rejection. All this and they haven’t made a penny in the business.

Now, I recognize that some programs offer the opportunity to retail products or services and make some money. Some people will do this. However, most people hate sales and will not be comfortable trying to sell products or services to their family and friends, so this is also not a viable avenue for making quick money.

The key is to have something that can be sold automatically through the internet – the best is an information product (i.e. e-book, training program, etc.). This product must have huge value and be appealing to people involved in network marketing. By offering this product, you accomplish several things. First, it’s a low ticket item compared to joining most network marketing companies, which will increase the number of people who buy. Second, it attracts exactly the people you want for your network marketing business. So, give some thought to writing an e-book or training program or using one that has already been written. Make sure it appeals to those interested in network marketing and has solid value.

2. Run out of warm market prospects – Social scientists say that we know 2,000 people and all we have to do is remember them and we’ve got a great base of prospects for our business. The problem with this is that there are very few of those people who are actually open to your business. Yes, they could all benefit from your product or service and from the financial and time freedom that can result from network marketing, but they still won’t join your company or mine or anyone else’s. So, that new associate is going to join your company and begin working through his/her warm market, getting “NO” after “NO” until they begin to doubt that it’s going to work for them. At that point, they are encouraged to purchase leads, which they have to call using a phone script. Most people would rather jump out of an airplane without out a chute than make cold calls to people they don’t know, so this typically doesn’t work and within 60 days or so, they quit returning your calls and e-mails and disappear into the network marketing twilight zone.

Selling in information product via the internet, will also eliminate this failure factor, as your internet-based system will be attracting quality leads 24 hours a day, 7 days a week and sending them right to your e-mail box. All you have to do is call and find out if they are looking for a network marketing; already with a company, but not happy; or with a company and happy. The first two categories are leads and you should introduce your company and your lead generation system that enables you to get paid to prospect. These people are already sold on network marketing, so all you have to do is present yourself, your business, and marketing system in such a way that they can see themselves doing it.

3. Afraid to approach people – Network marketing is an entrepreneurial type business that attracts primarily people who are not entrepreneurs. The problem with this is that most of the people who join your business or any other network marketing business are going to afraid to approach people. They don’t know what to say, are afraid that someone will ask a question they can’t answer, are concerned about what other people are going to think (particularly friends and family), and are afraid someone is going to get upset with them. Fear probably destroys more dreams than anything else in life and it is very active in network marketing. Fear can very quickly drive your very excited new associate out of the business in just a matter of days or weeks.

An internet-based marketing system is perfect, because you only talk with qualified people. This reduces the amount of rejection and increases the number of people joining your network. Plus, if you are using a system that works, you’ll never run out of quality leads.

4. Don’t know how to build on the internet – As you have probably recognized, internet marketing is the wave of the future. Everyone is talking about “social networking”, “You Tube presentations”, and funded business proposals. There are so many great opportunities for marketing on the internet and lot’s of training programs that will “teach you how to make millions on the internet.” The problem is that most of the people who join your business will not have a clue about how to build on the internet. So, the key is to find a simple, easy to understand program for marketing on the internet, that won’t distract them from their network marketing business.

This is a tough one, because the internet gets more complicated every day. So, you can either bite the bullet and pay thousands of dollars to learn how to develop an internet marketing system, hire someone and pay them thousands of dollars to design one or use an already proven system (see below). No matter how you do it, make sure you’ve got an internet marketing system working for you every day.

5. Aren’t trained properly – Some network marketing companies and upline teams do a great job of training, however this is more of a rarity than the norm. Unfortunately, most people who join network marketing companies are never trained properly and so they fail. It’s not their fault. The key to training is to have someone who has been there, done that, and made a lot of money do the training. However, usually that type of person in your upline is either too busy with his/her own huge downline or they are off enjoying the free time that results from a big residual income. Either way, people aren’t being trained. So, what is needed is a system, developed by a successful network marketer that will help you train your downline and give them something that will enable them to train their downline.

Check with your upline leaders to see what training is available and then devote time and resources to gaining the best training possible. The more you know, the better you will do (as long as you put that knowledge into action). Keep in mind that this is a business of duplication, so find trainings that teach methods that fit your personality and budget.

Now, that you know the five failure factors and what to do about them. The question is what are you going to do about it? Your answer and following actions will dictate your level of success in network marketing. If you’re going to be the leader of a large network, you’ll need to either find or develop a system that will eliminate or at least minimize the five failure factors. It will need to help new associates make money quickly – their first week or two in business. It will need to be a lead generation system, so they never run out of prospects. It will need to be something where they don’t have to make a lot of direct contacts with cold prospects, so as to reduce the feeling of rejection. It will need to be a simple, easy to use internet system that works for them 24/7. It will need to include simple to follow training that can get them started quickly. Finally, it can’t compete for their time with the network marketing business you and they are working.

Be assured that if you develop just such a system, it will help many of your downline go on to create full-time incomes in network marketing and reduce the failure rate in your network. If developed and implemented properly, a system like this will also dramatically increase your network marketing income. So, get to work and develop a system that will eliminate that five failure factors.

NOTE: Years ago, I spent a great deal of time and money developing such systems and they helped me build a large and lucrative international network. If you don’t want to spend the time or money, there is an excellent option. It’s called The 2 Percent Plan and is a synthesis of systems I developed in the past with the hottest new concepts available today. This program, if used properly, eliminates all five of the failure factors. If you’re interested in learning more, visit www.the2percentplan.com/plus.

Article Source: http://www.articlesbase.com/business-opportunities-articles/the-five-failure-factors-in-network-marketing-460396.html

About the Author

Rod Nichols has been involved in the network marketing industry since 1979, as a company founder/owner, distributor, consultant, trainer, coach, and author. His books Successful Network Marketing for the 21st Century and Would You Like to Dig In My Goldmine? were industry best sellers for several years and his newest book, The Ideal Business is quickly becoming a must read for anyone serious about success in network marketing. Rod is also the co-founder of The 2 Percent Plan, a lead generation and funding system (www.the2percentplan.com/plus). He has trained tens of thousands of people and is know as a “nuts and bolts” trainer. Rod is available to speak at conventions, conferences, regionals, or any other event requiring a dynamic outside speaker. He is also available to coach individuals and small teams. More information about Rod, his fees, and other great network marketing resources are available on his website at www.RodNichols.com.

Living Inside "The Box"

2011-07-11T21:33:00.000-07:00

I want to live inside the box. Sounds a bit strange even to me I have always been one to think outside the box, but I came across this new concept or Idea if you will, of building houses with shipping containers. Sounds a little crazy huh? Guess what, there are homes being built all over the world using shipping containers. Whole apartment buildings in India and Amsterdam and mansion in Costa Rica.

Here's the deal there is a huge surplus of these steel Lego boxes, and people got the idea, "Let's build houses with them! We will stack them in these super modern looking structures and live in them!" The idea has some major advantages it helps determine a use for a surplus item that is causing some problems. What do you do with containers that aren't being used? The idea also provides and answer to low cost housing, at this time shipping containers can be purchased for cheap.

So what do you do? First get a plan, then get a permit, find money, and some land - simple. I say a plan and permit first because some places may not allow you build using shipping containers. You have to research the rules of your location.

Good Luck Happy Hunting!

2010-01-06T16:46:00.000-08:00

Magic Power Coffee

In today's economy people are looking for business opportunities, wherever they can find them. Job security and job stability are a thing of the past and there has been a rise in the number of network marketers and grass roots home-based business opportunity seekers.

The key to success in these ventures is to find a business that has a product that is sought after. A product that is not hard to sell that can be used by virtually everyone. A product that meets or gives people a solution to a particular problem. When you find a product that fits that niche then you have found the primary foundation and key to success in network marketing.

Surveys have shown that the two major reasons for problems in marriages and long-term relationships are tied to sex and money. The opportunity for entrepreneurs in this time of economic crisis to capitalize on these two little bits of information is in itself an inspiration.

I have been involved in network marketing via the Internet, due to being laid off from my job in education for about five months now. In that time I've investigated many home based business opportunities. From click Bank sales to travel logging businesses. But not until recently have I landed on a product whose attraction is as strong as Magic Power Coffee.

Magic power coffee, is a product just recently introduced to the marketplace. It is FDA certified and it consists solely of natural herbal ingredients, and it has an arousing effect on both male and female pleasure centers. Coffee herb has the ability to enhance sexual engagements and improve couple relationships.

In today's marketplace of male enhancements, with their high dosage cost, there are very few products that address the needs of female arousal. However Magic power coffee does just that it allows females to enjoy the encounter as much as their male counterparts.

So let's look at this from a business perspective and think about the ramifications. Here we have a product that appeals to both male and female. A product that can bring new excitement to a relationship, which is a proposition that many couples will find hard to resist. Here is an opportunity for the distributor to make multi-streams of income based on the sale of the product, enrollment of the distributors, not to mention Internet marketing availability.

So in summary whether you're someone who would just like to buy the product or someone who would like to take the opportunity to become financially independent Magic Power Coffee is a win-win proposition.

Take the time to investigate the links provided on twitter to the right, research the information and decide which category you fit into.

2009-12-09T18:20:00.000-08:00

Best Bang for Your Buck Advertising

Okay, you have created an affiliate website and are all set to generate your additional income from there. But hang on – only half the job is done so far! In order to create an all new success story in affiliate marketing what you need is successful and consistent traffic generation to your website. This is not a thing of less import, because unless and until you get success in driving in your prospects to your website, you can rest assured that no one is going to know about the products and services you have at offer. This becomes even truer in the most competitive scenario of today, where there are millions upon millions of other contenders of your cause.

Search engine submission services, like the most effective SpinSuccess, comes to your rescue here. They not only pioneer in delivering you the best search engine optimization services but also guarantee regular search engine submission at the most valued search engines like Google, MSN and Yahoo!. Their team consists of expert Internet marketing professionals with a cumulated experience of over 30 years in marketing and research, ensuring you never-before services in delivering you over your expectations. They will hand submit your website to the search engines stated above along with auto-submitting the same in over 100,000 other search engines, equipped to generate millions of traffic units only for your website.

It is a grand success story with masters like SpinSuccess with you, where you can never tire counting the amount of real money generated from your website. Their services include a complete extensive analysis and review of your website and monthly reports and updates regarding the submission status of your website to the search engines. Their 24/7 customer support system is always prepared to assist you with no additional charges. They also offer you $200 worth pay-per-click fund that is not only free but also replenishable when needed.

Their overall services include full website reviewing, hand and auto-submission to all the search engines, monthly account updating and complete technical support, free GoodKeyword Pro copy, $100 each credit with pay-per-click search engines like LookSnap.com and QuestClick.com. You get all these and more – services combines worth no less than $700 – with SpinSuccess at the most humble price of $29.95 as monthly membership subscription charges for a limited period. They also offer you a 7 night vacation for the two of you with more than 1000 breathtaking destinations to select from.

The primary motto of the SpinSuccess team is to ensure your one hundred percent satisfaction and pleasure. They are definitely the most effective advertising for the price they charge, with the guarantee of rating your website among the top ten rankers in any search result. This increases your visibility to your prospects and makes it a lot easier on their part to hunt you out. More than 90% people find what they are looking for through the search engines. The SpinSuccess team understands this and delivers you the services that will never fail you. Do not believe it? Just take a look at what their customers have to say about them!

Visit SpinSuccess today to increase your traffic and sign-ups!
http://www.spinsuccess.com/affiliates/id/16677_1_aaid_3

Payer Player Revolution

2009-10-14T14:26:00.000-07:00

Shaq introduced the Payer Player to nearly 2 million twitter followers last month. He stated that he loved the revolutionary tools that the Player Player has offered. With the Payer Player users have the ability to use Facebook,Twitter and YouTube social networks all in the same interface.

The Payer Player is the best thing that has happened to Social Network Media in a long time. The concept is phenomenal in its convenience to the end user, it can be positioned in the corner of end user's desktop totally independent of a Web browser.

Another feature of the Payer Player is its custom media channels. Individual users can create their own custom channel and they can broadcast content. Mr. O'Neill has his own channel which he has named the iShaq channel. With the channel Shaq, is keeping in touch with his followers, and posting videos of interviews, and other shows he's doing.

You too can be an entertainer and create your own custom channel and performances. If you're an entrepreneur you can use your custom channel to create commercials for products your selling. If your Minister you could broadcast your sermons to the world. What ever you do, the Payer Player can help you to reach out and touch people all over the world.

And if all that is not enough, The Payer Player has an affiliate program in place. Users who refer Friends and associates, to join the Payer Player, are paid a commission. This is a nice incentive for those who would use the program for anyway. So if you're interested in a revolutionary Social Media Network interface that pays you to play, check out The Payer Player.

Buyers Beware

2009-09-06T15:42:00.000-07:00

Internet Marketing Update

I've been researching the use of the internet as a viable means of income and home business building. In my investigation of this matter I have come to the conclusion that there are multiple opportunities available to people.

The key however, is to find an opportunity that fits your niche or way of doing things. Because not everyone has the technical skills or the patient's for that matter, to produce the work that's necessary to be successful in many of these ventures.

One thing that was very evident in my research is that there is no such thing, as far as what I've found, as a get rich quick Internet business. If your going to go down the road of Internet Marketing and home business buildings, you must have the same determination and will, as if you were starting an offline business.

Be prepared to put in many hours of set up time,marketing scheduling,and business planning. These are things an offline entrepreneur would look upon as second nature. However, many online business opportunities take advantage of the desire of people in economic difficulty. In their desperation they find themselves signing up for programs that profit from them, not the other where around.

The M L M concept or multilevel marketing concept is not new to our business marketplace. M L M businesses have been around since forever, one that sticks out in everyone's mind is Amway. Think of Amway and you have an idea or picture of what an offline multilevel marketing business is.

Today many M L M are using that same multilevel marketing concept, adapted to the Internet. Multilevel tear base marketing plans with downlines and lead generation.
Now lead generation is a automated process with traffic generators, click surfing and lists building.

Social Network Marketing is on the rise. Facebook, Myspace,and twitter are social networks, however they are where the people are therefore they are also social marketplaces. They are also the targets of these automated professional, but let's face the facts folks if you want to go to market, you have to go to town.

So I said all that to say just this, there is a community called World wide Web i.e. the Internet. In this community much as the communities we live in there are those who are for the people, and those who use the people. Be careful when you establish relationships that the people you establish them with, have the people in mind. Do they genuinely try to help people prosper and generate income. There are far too many scams so beware of them.

When getting involved in the new programs contact the people who are sponsoring the program discussed the program with them question them. Find out who they are and what their motivation is before you make your determination on what direction your business relationship will take.

Well that's all for now stay tune until such time peace.

VidEngage.Com Review Hot New Affiliate Opportunity

2009-08-28T11:52:00.000-07:00

I've been doing some research on the Internet and there's a lot of talk about a new social networking site called VidEngage. This site holds much promise for affiliate Network marketers and promises to explode over next six or seven months. Currently VidEngage is in the process of upgrading their server and their general platform look. In a conversation with one of the technicians he informed me that they may be down for another two to three weeks. However when they come back up they will be sporting they'll long list of the 0 features.

Their features include:

1. The option to create your own personal video profile which can be used depending on its nature for business or social activities.

2. Video messaging which can be communicated from one individual to another similar to the e-mail.

3. Video conferencing which can be initiated between up to 10 end points or friends.

4. Video dating where participants can set up dates to see each other and chat and get to know each other.

5.Users can create video resumes which can be E-mail or transfer to prospective employers.

6.There's also a feature called the Video Bazaar which will be a video version of ebay were folks can't buy and sell goods.

VidEngage.com Has spent over a year developing their platform which is web based in the web site offers the users the option to select how they want to use the video.
It's a great concept and it will need to be marketed it's an opportunity for Internet marketers and affiliate's marketers to cash in. If one get's in on the bottom floor of this opportunity chances are it will be a lucrative investment.

Because as this technology promises to take us to that sci-fi zone were people reach and ring each other up and talk to each other face-to-face like you see in the movies. I mean it's not like we don't have some of those things in place right now. We do in the form of iChat and Skype and there are others, but with this social networking platform the implications could be revolution.

As the network grows so does worldwide video communication capabilities just as now we can Skype to Nigeria in the middle of the day, theoretically we should be able to use this technology to videoconference to several countries worldwide at the same time the cultural ramifications are staggering.

The educational value and the business value not to mention the social value may have some implications that maybe VidEngage may have considered but there may be more to see then we expect.

As an affiliate of a look for to seeing how the process goes, and I hope it's for the best, because they're affiliate program promises to help a lot of people out.

http://videngageinfo.com/videos

Well the jury's out and so my until such time peace

The JOB

2009-08-14T17:56:00.000-07:00

The reason why started this Blog and started down the road of financial independence is because for far too long I have been at the mercy of My employer. Employers determines when we get up in the morning and what we do for eight hours of our day and in some cases what to say and how to say.

WE HAVE NO FREEDOM to do anything but what's assigned and to make matters worse NO JOB SECURITY. Anyone working A JOB could find that, at the drop of a hat, the JOB could gone, leaving them in need of finding a new one.

This friends is no way to live! If you have not found a way to start you own business, you need to start looking. If you have an offline part time marketing business this a good time take online the MARKET IS BOOMING. With the economy as it is, and "Corporate America" as it is, Heartless beyond a profit, we need to start our own game plan. That is the spirit of Internet Marketing it's a new way to Profit and not Wage.

I have worked in the field of Instructional technology for the last 14 years, and I am moving on to my position due to budget cuts and lack of the funds to pay my Wage. Seven years prier to this move I was told "We have to cut your position due to budget cut and lack of funds." It came to me that enough is enough. I've have had my fill of PACKING BOXES, and MOVING BOXES with all my office supplies.

I've been getting paid to teach teachers to use the Internet, to teach students of all ages,and to use software tools their classrooms. Without fail at every position I have ended up being given the title of GURU of something. At this last position I was the GURU of video conferencing and video production. Along with my other duties as assigned, I did web page design and internet user data base administration. All skill sets needed to dominate internet marketing training don't you know?

There are so many opportunities and avenues for Grassroots companies to grow and flourish, and to settle for the easy out wages would be a travesty. Don't get me wrong I was brought up old school, a man had to go to school, and get a JOB to support his family, however no one taught WEALTH 101.

So now I have a great mentor and I'm taking that class and I have always been a good student, so stay tune and I will keep you inform. The only way to make it happen for me or you is to strive to serve the many. Don't set out to be as big as WELLS FARGO. Set out be like BRINKS HOME SECURITY, and help as many people as you can market on the Internet safely.

Until Such Time Peace!

Business

2009-08-09T17:49:00.000-07:00

Hey Kids, it has been a long week and I have been filling out online apps to find a job just hold me over to the "Mother Ship" launch. While I have been looking for a job I have been working on my fortune. If you are not working on yours you need to be thinking about it. The stats for retirement in this country are crazy and not subject to change, so what are we to do? Do we all work for Walmart when we get senior. "I don't thin so,"we have to do business,the bible says work while it is day for when night comes no man can work. The meaning is, do your best while you can because there may come a time when you can do no more, and you will have live with what you've done...Amen. So don't rely on a pension plan, or profit sharing find way to get the lions share.

2009-07-30T09:17:00.000-07:00

After working seven long hard years for the company they are suffering a financial hardship that has translated to a layoff for me. I am wondering how could all the time and energy that I've put into my job, to get ahead and stay ahead of the power cruve mean so little. Well I don't think I will sign up for that class, it is time to make a profit not just a livin. When you work for profit you work on your fortune. Stay tuned I'll share more later but the mother ship has landed!!!