How to Promote any MLM / Network Marketing Opportunity Online Prospecting and Making Sales
Can you really make a ton of money with a Penny Matrix plan?
I have to be honest, in my 9 years in network marketing and network marketing i still belived “pennymatrix” programs were a scam.
one of my very successful mentors Robe Fore introduced me to this program.
but go back in time to 1991 and my old neighbor tried to get my brother and I into Amway I i told my brother that it was a scam.
It took me 23 years to come to my senses and join my first MLM. My life has never been the same since.
so the bottom line is:
CAN WE make significant money together with this.
Simple answer, DEFINITELY.
Like anything in life their are no guarantees and there is no such thing as “get rich quick”. Lets erase the lottery mentality from out internal map of reality.
But out of all the internet/online marketing opportunities this is the easiest and simplest ways to earn a significant income with the least amount of effort that I have discovered.
My mentor, Rob Fore, has built a team of over 11,000 active network marketing distributors worldwide in one company, and even have a team of 8,600 in yet another penny matrix program.
So how much does he make with a team of EIGHT THOUSAND in another forced matrix? Less than $1,000 per month.
And if we were to build out this new pennymatrix.com program to have $8,600+ active members it would pay out roughly $2,000 per month.
Which is not too shabby.
Imagine, an extra $2,000 per month could dramatically change your life in a positive way.
Think about it for a minute.
How would your life be different if you started bringing in an extra $500… $1,000… even $2,000 (or more) each and every month without having to work a lot of overtime or without picking up that extra part-time job at walmart?
Chances are… your life would be significantly better with some extra money coming in. Right?
So let’s “do the numbers” and let me show you a possibly BETTER WAY to make extra money online quick and why you might NOT want to promote a penny matrix.
There are really only three ways to make more money in your business:
The easiest way I’ve found to make more money fast is to promote programs that pay you a monthly residual income on both your efforts and on the efforts of those you sign up.
So, in this case, (if automated) promoting a penny matrix fits the criteria and makes sense.
It is much better promote a program that pays MORE.
For example, instead of $0.30 per sale… what if you could earn $100 per month per sale?
Now let’s crunch the numbers – but let’s assume only 1% of the people who read about the program actually join because it is more expensive (again, a REAL WORLD REALITY):
Think about that.
The WORK you put in is the same, but the profits are not even in the same league.
A mentor of mine once advised me,
“Stop Stepping Over Dollars to Pick Up Pennies”
When I first heard this it made no sense to me.
But as I learn how to make more money in my own business, I soon realized it is just as easy (or difficult) to sell something that earns you $100 per sale as it is to sell something that makes you a profit of $0.30 per sale.
Think about it like this for a minute…
At this moment, as I write this blog post, over 2,500 people, like yourself, are sitting in front their computers and searching google for the term “penny matrix” or “pennymatrix” or “penny matrix review” or even “penny matrix scam” each and every month.
Why is this? MAYBE because you may have heard about a penny matrix program somewhere… and you than decide to learn more about it.
Which is a good thing. And if you like what you find… you can CLICK HERE TO JOIN THE PENNY MATRIX PROGRAM.
Now let’s play with the numbers game a little by assuming 20% of the people who search for pennymatrix actually find this blog post and 10% of these people actually join the program on a monthly basis.
Okay. Again, not too bad. At least we are making a profit.
And if you understand that in the REAL WORLD about 5% of the people who join this program will also promote it (a MAJORITY will never sign up a single person no matter the price)… you could assume you might make $500 per month after a promoting the pennymatrix program for about a year.
Bottom line – It takes a LOT of people to make a profit.
Which is not a horrible thing if you have an PASSIVE way to promote the program – such as writing a blog post like this.
It may take me several hours to research, write and syndicate this blog post to receive high rankings in the search engines… and once it ranks… each and every month I could expect to sign up around 56 people.
So the KEY to making more money than that would be write and review many other programs… get those blog posts to rank… and literally create an automatic money-making machine that works 24/7 even while you are sleeping.
Right? And that is exactly what I teach you to do here with my FREE 8 day internet marketing bootcamp– 8 Day Internet Marketing Bootcamp. (We make about $40,000 PER MONTH blogging, by the way!)
Stop Stepping Over Dollars to Pick Up Pennies my friend!
Promoting a penny matrix program is not a bad idea if you have a way to automate the process AND to have, if any, marketing costs. This can be done by blogging, with social media marketing and free video marketing .
However, if you are truly serious about taking your business income to the next level – consider programs that pay you at least $100 per month per sale.
All the best to you,
“The Dream Weaver”
A Numis Network Review. Founding partner Chris Kent delivers a concise and compelling review of why Numis Network is the best way to collect assets, have fun, and make money.
Video Rating: 5 / 5
www.BestHomeMLM.com – Ray Higdon shares how to determine the best home based business for you
Video Rating: 5 / 5
There a several ways to speak about your opportunity
to your prospects.
Listen to your prospect. Ask questions. As long as you are asking
the questions you are in control of the conversation.
Use same tone, speed and language type. It may be more visual, sensory, feeling.
Remain enthusiastic and positive yet inquisitive.
show true interest in your prospect.
People want to know that you will be there for them.
ALWAYS keep your word! do what you say you are
going to do, long after the mood you said it in has left you.
REMEMBER we are just seeing if the prospect qualifies for our team.
Ask qualifying questions. to do this you will
Ask questions like. How do you like your job?
Have you ever thought of doing something else?
how long have you been doing what you do?
do you have children? would you like to spend more time with them?
what is your dream job?
what are you passionate about?
Find out their why? Why would you be open for an opportunity?
When you find out why. How would that make you feel if you could ______?
How would you feel if you could spend more time with the kids? if you could go on that dream vacation, if you didnt have to worry about money?
get into peoples emotions and they will sell themselves!
But ultimately we need to discover if the prospect is even open to check out your opportunity.
People buy on how something makes them feel, or how they believe it will make them feel.
Remember, people purchase things/ideas based on if will give them pleasure or avoid a pain.
We are not selling a drill we are selling them on how to make a hole.
We are not selling people an opportunity. We are a selling a solution to their problem. a solution to their money problems and suffering. Most people hate their job. How about if you did something you love. How would life be for you then.
We are selling DREAMS. a lifestyle….
Let people know, Network Marketing is a better way!
Here is a great video on the Secrets of Body Language…
Most people struggle in network marketing because
People tend to pitch their opportunity well
before they have any idea if their potential prospect
is even open to their opportunity!
Before vomiting your amazing biz opp
ask these questions first to determine
if your prospect even qualifies for your
Network Marketing is about building relationships.
It is not about selling everyone you
happen to run across during your day!
start building rapport with your prospect
by asking these:
Let me elaborate on these questions. REMEMBER; work on becoming a better listener.
Do not interrupt and try and keep the questioning natural.
Show interest in what your prospect has to say.
People love to tell you their story and
depending on how they answer these questions
you will know if they may qualify for your team!
question 1 : where are you from?
People like to tell you about their home.
If you have nothing to add to their answer move to the next.
question 2: what type of work do you do?
this is a great question.this is where we start getting to
feel out where they are in their business life.
question 3: what does that entail?
now this question is only needed when
the answer they give to question 3 isnt
question 4: how long have you done that?
this will help lead into…
question 5: What did you do before that?
this question only makes sense if they
have worked their current job for less than 5 years.
if they have been at their current occupation for 25 years skip to the next question.
which is question 6: How are you being affected by whats happening with the economy?
this is a great question. Now we are getting into the
real depth of getting to know someone.
Depending on their answer to this we
can really start feeling the prospect out.
question 7: How do you like what you are doing?
Here we go folks. This will really open the person up.
Pay attention here to any emotions your
question 8: Have you ever thought about doing something else?
You really want to delve into this one regardless of their answer to question 7. Here we are just testing the waters.
question 9: Are you familiar with Network Marketing?
the answer to this will range from no experience, many people
have not been exposed to the term in the past, to a negative
feedback. Now see if any negativity is based on personal experience or just not understanding the concept.
question 10: What experience did you have?
Now this question is only valid if they have had any experiences in network marketing. If they have had a bad experience with a prior MLM move to question 11 if not move to 12…
question 11: Why do you think you weren’t successful?
another great question. With this question you will learn
how this person feels about this industry and will open them to the final question.
question 12: Would you be open to looking at another company if it didn’t have those same obstacles?
obviously this question is asked in this way if they have had previous negative experiences with a MLM company. If they have had no experience you would want to rephrase question 12 with a question such as “Would you be open to make extra income with an opportunity that doesnt interfere with what you are currently doing?”
I hope you enjoyed these questions and they help you to build your empire!!
In this video by leading network marketer, Todd Falcone, explains what it takes to take your MLM to the next level.
You see most people doing
network marketing part-time
aspire to be a full-time network marketer.
for many reasons. check out the following video by Todd Falcone…
How to be a successful engaged part timer.
How to Connect with People on Facebook and Skype with just an Email Address. Sometimes you will get people opt into your lead capture page and not leave a phone number so to connect with the prospect beyond emails the next step is to connect on Facebook and or Skype.
I first encountered Multi Level Marketing/MLM/Network Marketing in 1991. It was a company, I’m sure you have all heard of, called Amway. A old neighbor of my brother and I invited us to Burger King to prospect us. We both thought it was a scam, LOL!!!!
I was broke, working at a gas station pumping gas, making minimum wage at the time. So what did I know?.
Fast-foward 21 years I have been with 6 MLM companies from health and wellness to Legal services until I finally found my “perfect fit” in January of 2011.
I never made any money before the current company I am in. here are several reasons why…
1. Although I really pushed the products, most people weren’t interested in antioxidants and legal insurance. The main objection was that they didn’t want to risk any money.
2. I didn’t have enough start up capital to do my promotions justice and although I introduced users and promoters I always fell just short of the monthly join up requirements to be paid. Being paid for my efforts might just have made the difference if I could have used what I had earned to increase my promotions.
3. I joined with a very nice lady but she was also new to network marketing. As her upline didn’t offer any help to her we helped each other. It was fun but like the blind leading the blind.
I tried with that company for several months and never got paid. In the meantime I started a brick and mortar computer repair business. Getting over 35,000 dollars in debt, working 60 to 70 hours per week and barely breaking even…
I thought there has got to be a better way. And also I dint make a good employee!!!
I knew people who had piles of the products stashed away and never likely to be used. Why? Because some of the companies require you to buy an amount of product every month before you are paid for your efforts and your downlines efforts.
Companies shifting the goalposts just when promoters start to do well.
I would get telephone calls inviting me to join a wonderful opportunity. Because I am polite I didn’t tell them to get lost when they were extolling the virtues of companies that I probably knew more than them about. I would list my objections and get really annoying answers:
I’m not interested in the product
…The product doesn’t matter you will soon earn lots of money
I haven’t got time
…You only need to spend an hour a week on this business
I already have a lot of projects on the go and wouldn’t be able to do this business justice and spend time helping those who joined with me.
…They won’t need any help this business is easy to run
I could go on but I’m sure you get the drift. I really grew to detest network marketing and some of those that it attracted, but being in daily contact with them was part of my business so grinning and bearing it was a daily chore.
Until one day I had the pleasure of meeting an online marketing “guru”. He plugged me into his system. I started learning every week new skills to build my company online.
That guy impressed me, he became very successful and his downline was successful. So now I work hand in hand with many of the top leaders in Network Marketing and my primary business. Now I bring value to the marketplace with the skills I have learned along the way.
So the moral of the story is plug into a system and find a mentor to take your business and your life to the next level!!
Are you finding that prospecting and working your “cold market” is getting chillier these days? I’ve noticed this, especially in the last year. When I contact people who had responded to an advertisement that my company ran, it is much more difficult to establish rapport than it used to be!
I’ve been quite surprised to see how much more closed and suspicious people have been compared to when I made phone calls just a year ago. Perhaps the challenges in today’s world have made their impact on people. They are more fearful, less likely to trust someone they don’t know.
How do you build rapport and build your network marketing business in times like this? You will need a little more patience, but if you persevere and follow these five basic network marketing strategies, you can warm up even the chilliest of cold markets!
First, I’d like to review the basic network marketing strategies that create successful organizations. It’s important to understand that the people who excel in network marketing have a large circle of influence. A circle of influence means that there are a lot of people that know you, like you and trust you. If you don’t already have a large circle of influence, and you want to succeed in network marketing, you’re going to need to build one!
How do you build a circle of influence? One person at a time! It is always best to start with people that you know. Contact them and ask them for referrals. Participate in your community, attend Chamber of Commerce events, and hold local meetings. You develop yourself into a leader both personally and professionally, to attract other like minded professionals.
Online, you do the same in the internet community. You build a presence on the internet with a newsletter list or blog (or both) or website, so that you can build a relationship with people. You provide a way that they can get to know you… like an online photo album, and a personal “Get to Know Me” page.
These are the basics of good network marketing. Once you’ve contacted the people that you know, you will want to expand your circle of influence even further and get to know some new people! You can do this through advertising or through hiring a network marketing ad agency to advertise for you. Now, how do you handle today’s increasingly chilly cold market? Well, you need to take more time to WARM IT UP!!!
1. Whenever possible, use offline advertising sources such as postcards, newspapers, radio or TV. These prospects see your ad several times before responding, and are usually MUCH more highly qualified. If your ad is credible, people will trust you more easily.
2. If you must use internet advertising, be sure to use an established and proven leads source which includes the use of an e-mail autoresponder. This will allow you to contact people via e-mail legitimately, without spam complaints. If you are very serious about generating leads online, I recommend you create or purchase your own lead generating website. This takes time but is a lifelong investment if done correctly.
3. When you reach a person by phone, don’t rush the relationship building process. Find out what they are looking for, ask good questions, and really listen. Don’t be pushy, focus on their needs. If you’re new at working your cold market, team up with a successful leader in your upline who is experienced.
4. Offer something of value that is free like a report, eBook or consultation, that will both qualify and educate your prospect and that will also introduce you as part of the process. For example, on your free report include a link to your online photo album and your biography or “Get to Know Me” page.
5. Follow up several times to build familiarity and credibility with your prospect. Use an autoresponder to help you in this, but don’t depend on it. There is nothing like a good, old fashioned conversation to build trust. Sending a postcard in the mail may also help a lot!
6. Be a real person. Tell, don’t sell! Avoid sales pitches, instead, share your own story. Network marketing is about being your authentic best self. Let your heart and your integrity shine, and people will remember you and trust you. When they are ready to try your product or join your team, they will call you!
Today I would like to discuss “Being A Good Sponsor.” While many of the people you recruit into your organization may have had previous experience in network marketing, many will be first timers.
Similarly, if you’ve been successful in recruiting people who were involved in other network marketing companies, you sponsored them because they were discouraged with their current company or were not receiving support or training. In other words, they weren’t as successful as they would have liked to be.
Wouldn’t that indicate to you that they don’t know the best way to do things? Well, that’s where you come in helping them lay that track for others to run on. Again, when new distributors know what works, they can proceed with confidence, and confidence is the harbinger of success. Remember, people are not duplicable, but systems are.
Being a good sponsor means showing your new distributors “The Rules:”
Rule No. 1: Treat it Like a Business.
In order to be successful, your new distributors must truly want success, be coachable, and follow through on their commitments. In other words, they need to treat this business like a business.
Rule No. 2: Keep it simple.
If they can follow a simple procedure they will use the same system with their contacts. If they can see that what you did was simple, they will believe they can do it, too. If you had to really work on them, more or less “forcing” them into the business, your new distributors will not want to duplicate what you did and will not take any action.
Rule No. 3: Determine Their Reasons.
If you know what your new distributor wants from this venture, that is, why they want to succeed, you can understand how to get them over the rough spots and keep them on the road to success. Remember, most people will be tempted to quit with the first few setbacks because they were never clear on what they wanted to achieve in the first place. If their “why” is strong enough, the “how” will be easier to get across.
Rule No. 4: Establish Objectives.
Set specific sponsoring and financial objectives for the first 30, 60, and 90 days. People always perform better when they have specific goals in mind. Have your team member write down their goals and reevaluate them regularly.
Rule No. 5: Introduce Your Upline
Introduce new distributors to their upline, those leaders who are building a successful business and who are earning the type of income they’d like to earn. That way, if you’re not available to help them, they will have names and telephone numbers of others (you should give them at least 3) who they can contact for support. Further, by meeting others who are earning the type of income they’d like to earn, the system becomes more realistic and attainable.
Rule No. 6: Where’s the Tools?
Make sure they know how to get the tools they will need to share the business with others., such as tapes/CDs, brochures, business cards, etc. Every business needs information to disseminate with prospects. This one is no exception. Remember, people are not duplicable, but systems are. Teach them to let the tools do the talking for them.
Rule No. 7: Make a Prospect List.
Although everyone who makes a list doesn’t necessarily become a top earner, every top earner has a list. Typically, they’ll start with their Warm Market, because that’s the people they know. Have them work towards making a list of at least 100 people they can contact.
At this point, your new distributor should be ready to go. They have their “reason why” clearly in mind, specific objectives for the next 90 days, their upline’s contact information for plenty of support, the tools to get started, and a list of people to contact.
Having said that, remember Rule No. 8: Let Them Move at Their Own Pace.
Sponsoring a distributor is a process, not a single event. If they don’t want to move as fast as you do, that’s OK. You can’t change human nature. People will only do what they are willing to do. Encourage, yes, but don’t try to force people into something they aren’t willing to do. Lead by example.