You must definitely have heard about the great promises that network marketing companies make. Some of these speak about making you a millionaire within a year while some of these speak about getting you your own home, a luxury sedan or even your own yacht in the next year or two. So how far are these companies truthful in their promises? Is there really a scope for a yacht with MLM?
The truth is that no business venture can succeed without putting in hard work and that is true about network marketing also. You need to chip in your best efforts. But if you are looking to shoot right at the top, you need to focus on two important things:-
1. How to increase your immediate downline members
2. How to inspire your downline members to relentlessly work at bringing more and more members.
It boils down to this ñ you need to bring in as many members into your network as possible. As each member joins in and makes the sales that are the center point of the MLM venture (we are not talking about the scamming pyramid ventures here), you stand to gain commissions and this is the only honest way you are earning. Of course, you might be making your own direct sales also but in a successful MLM business, direct sales commissions should be extremely meager compared to what your downline brings in for you as commissions.
Now, let us see what you will have to do to really increase your income. First off, you will have to promote your MLM idea as far and wide as possible. Use all tools of the Internet to do so. Blogging, article submissions, joining social networks, lead generation through opt in lists, email marketingÖ do all of these. When you do these, you are not going to see significant results for the first month or two. But do not let that bog you down. The initial failure is actually a disguised rite of passage in MLM. You have to move out of this phase.
When the first two months are over, you will see the great amount of traffic coming over to your MLM site and becoming subscribers. All this will depend on the quantity and the quality of the efforts that you have put into the activity in the initial weeks.
However, these weeks also should not be unprofitable to you. You have to use these to market your networking idea to all people that you know ñ your family, your friends, your colleagues and even your boss! This is where you will get your initial people from. Hold a seminar to explain the idea to all of them at once and you will see how your network really begins to grow.
Perseverance is the key here, but if you are doing everything correctly and diligently, you should not have to wait too long. Never spare a moment without thinking about your new business and you will see that you are getting closer to your yacht every moment you work.