Thursday, January 22, 2009

MLM tip: “Everyone fails in Network Marketing!”

This is one common objection. Many people are turned off by the words “Network Marketing” because they have come to think that everyone fails. Well, maybe not everyone but a good 97% of Network Marketers.

In a different post I gave 5 reasons why people fail in Network Marketing. I used the word “fail” as in “stopped doing it”. Sometimes this also means “…and lost money”. We all have heard stories of people not making money with an MLM business and ending up with a garage full of products nobody wants.

But what is the definition of “fail”? In Merriam-Webster Dictionary, the definition of “fail” is “to lose strength…to fade or die away… to stop functioning normally… to be unsuccessful… to be deficient”, etc.

It’s genius! When people “fail” or are unsuccessful in Network Marketing is because they lose strength, stop functioning (working) or lack something (time, money, training, etc.) This is a business like any other, and like any other, it can take quite a while to take off.

If most people fail, is there something we can do to beat the odds? This video from Tim Sales gives an answer. The next time you hear or read about this, think about the difference between failing and quitting.

We are successful Network Marketing Moms!

Friday, January 16, 2009

Monetization in Internet Network Marketing, Part 3: other ways to monetize in Internet MLM and advantages of monetization

One of the best ways to monetize an online MLM business is by offering a high quality information product. By educating people we establish ourselves as leaders. But at the same time, we know who is a qualified prospect. A person who buys something is investing and shows that is willing to work on her business.

Other ways to monetize in Internet Network Marketing can be through advertisement, selling space in our website for other products to me promoted. We can join ventures with other business owners by promoting their stuff to our list and vice versa, someone can offer our products to their lists. It’s using Affiliate Marketing in Network Marketing.

There are different options to monetize from your business when you build MLM online. The obvious advantage is that we are making money while building our organizations. Other advantage is that we can do so by promoting different products that are valuable for our prospects. We are not restricted by our company products.

For instance, as Network Marketing Moms we can promote services or products related to time management, organizational skills, tax benefits, mailing lists, being a business mother, etc.

The concept “multiple streams of income” take a new level with monetization in Internet Network Marketing.

We are successful Network Marketing Moms!

Tuesday, January 13, 2009

Monetization in Internet Network Marketing, Part 2: Who do you sell to and how.

When you combine Internet and Network Marketing, one of the most important things is to establish yourself as a leader. The way to do this is by having valuable content written or recommended by you.

When you sell a high quality informational and/or educational product, you are monetizing. The prospects come to you; they like what they see and buy something you recommend whether or not they join your MLM opportunity or buy your company’s products. You are still making money even if someone is not in your downline.

But it’s going to take more than one visit to buy something you offer. How can we make someone come back? Asking for a prospect’s information! When they leave their information (name and email, i.e.), we have permission to contact them. This is the way to build a mailing list and with these prospects we build a closer relationship because we are allowed to keep in touch with them. We continue educating them (sometimes even with exclusive information).

Again, they can be or not in our organization. The bigger our mailing list, the bigger our potential for monetization and cash flow is. It doesn’t mean we can sell as soon as we have someone in our list. It means we have an audience who wants to hear from us. They are our costumer base, the ones who are more likely to buy from us because they know we offer value.

In the third and last part of these series I will present other ways we can monetize and some advantages of this feature of Internet Network Marketing.

We are successful Network Marketing Moms!

Thursday, January 8, 2009

Monetization in Internet Network Marketing, Part 1: one more reason to consider an MLM business opportunity to supplement your income

This is a series of three posts.

Monetization is one of the advantages of having an online Network Marketing business because you can make money while you are building your organization. It’s not about possible bonuses that your company offers every time you sign some up or your sporadic commission checks. It’s using ways to have cash flow that can be reinvested in the business.

With traditional methods in Network Marketing you can monetize basically when you retail your products or have costumers who buy over and over from you (it doesn’t mean this is the only way but the most common one). Maybe you know stories of parties that resulted in several hundred dollars in sales in only one night.

And when you have a loyal costumer base, it is easier to sell new products to them. But what if you have other products that are not your company’s? Would it be ethical to do that? What problems would you encounter to proceed?

This concept of monetization takes a twist when you use Internet Network Marketing. When you build an MLM business online you are not offering your opportunity or your company products from the beginning because you are first educating people in how to build a business. This way you can offer different products that will benefit your prospects.

In the next part of these series we will go over more details in who do you sell to and how.

We are successful Network Marketing Moms!