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Posts Tagged ‘Network Marketing’

How To Sponsor Hundreds Of People Into Your MLM (Part 5)

Welcome back to my 6th and final blog post on “How To Sponsor Hundreds Of People Into Your MLM”. We have come along way together and now its time to finish strong. I have a feeling that most of your will be relieved to know that today I will finally be talking specifically about how to INVITE people to join your business. I want to make sure you understand the value of the previous blog posts on this topic, and that no invitation would stand much of a chance without taking the time to do each step in order, and work your way up the gradient. At this point, if you have done everything I said to do up until this point, you should be primed and ready to invite someone to see your plan or join your business at a high rate of success. So lets get down to it!

There are three main ways in which to invite someone to see your business plan. Those include the telephone, in person, and by letter. The telephone is probably the best way to invite someone to see your business plan, followed by in person and then finally, by sending them a letter. I’m not going to go into why this is. I’m just going to give you the facts based on statistics in this industry as to save you time in having to figure it out on your own.

So lets talk about three specific ways to invite via the telephone.

#1 – You make the call yourself.
#2 – Have your upline call a person for you.
#3 – Set up a three way call between you, your upline and a prospect.

All three of these techniques are acceptable in the beginning until you get your feet wet. Just keep in mind that in order to be really successful in this business, you will have to become proficient and confident in calling people on your own. Make this one of your major goals.

Now here is a sample dialog for you to use as a template when calling on a prospect that you already know.

When your prospect answers the phone and says “Hello”

You could say:

“Hi Bob its Tom, how are you doing? Hey listen, do you know who the Devos and Van Andel family is? (Wither they say yes or no you say) There the guys who started Amway Corporation, you’ve heard of Amway right? Yeah they did about 10 billion dollars last year. A similar company just start and its totally ground floor. Its called ……………( Name of your business opportunity and a few sentences of how is works ). I don’t know if you would have any interest at all but it looks like its going to be pretty huge, and its at the ground floor stage right now. You know your situation better than I do, but if you want to get together I would be happy to show you the details because it looks pretty interesting.”

That is a very simple, yet powerful, way to invite someone to see your business. It doesn’t have to be any more complicated than that. To be quite honest with you, it doesn’t matter the exact words and phrases you use during the invite process as long as your belief and intention are correct. That’s why the previous steps in this process are so important.

Now what makes this invite so powerful, is a technique called a “Release Statement“. What is this you ask? Well let me just say first that “When you give someone permission to say “No”, you’ve given them the ability to say “Yes”. Here are a few examples of release statements.

“You know your situation better than I do”
“It doesn’t matter wither you want to get in or not, either way its 100% ok with me”
“I’m not sure if this will fit you but..”
“Which ever way is better for you is 100% ok with me”
“I don’t even know if you would have any interest”
“I don’t even know if this would make sense for you”
“You can let me know if you have any interest, either way its 100% ok with me”

Using these and other similar release statements will make your prospect feel like they have a choice, increase their comfort level, and drastically improve your chances of getting them to say “Yes” to seeing your business.

The next technique I want you to start thinking about is the use of “Power Phrases“. Here is another list of examples.

“Let me ask you a question”
“Why’s that”
“Why”
“In addition to that, is there anything else?”
“Bob, I know exactly how you feel, I felt exactly the same way, let me tell you what some people I talked to found” (Feel, Felt, Found)
“This is the beginning of the beginning”
“It’s totally ground floor”
“Hey man, timing is everything”
“Hey were friends, if you have some interest great, if not that’s fine too”
“Listen lets get together, let me run this buy you, it wont’ take more than 30 minutes, and if I’m there any longer, its either because you asked me to stay or because your coffee was just fantastic”
“That’s a very good question”…….and then give them a direct answer. (Feel, Felt, Found)

The next important skill to develop is answering questions and overcoming objections. Example:

If someone says to you “MLM is crap, nobody makes any money in those things.” You can say “Oh really, why do you say that?” They might come back with ” I had a friend who got in a lost a bunch of money.” At which you could respond with “Oh yeah, what program?”

You must use the six honest serving men and use them until the day you die. They are What, When and Where, Who, How and Why. When using them make sure you prepare yourself ahead of time to overcome any objections they bring up, by being ready with the strengths and benefits of your organization. That way you will be prepared.

There is one final skill that you absolutely must master if you want to make more money than you every dreamed possible in this business. That is the skill of controlling your emotional response when your prospect gives your their answer. This may seem near impossible for you to comprehend right now but you must train your mind to have the same emotional response to when the prospect says “No” as when your prospect says “Yes”. All of the most successful people in the history of Network Marketing have mastered this skill, and it has allowed them to create the lives of their dreams. You need to master this. It’s vital to your success!

First off, you should be able to comprehend this state of mind if you have read all of the previous blogs on this topic, because you should already have a page of listed reasons why “You don’t care if the person your inviting gets in or not.” Right? Try to remember that and review your list often for reinforcement.

So what you have to do now, is get a hold of a member of your upline. I want you to have your upline drill you with tough questions and objections and just plain old insults, directed to toward your business opportunity. At first, this will feel horrible. Then I want you to have your upline switch to being open minded, excited and ready to join immediately. At first, this will feel amazing. Your goal throughout this process is to try to not let the negative, verbally abusive, and uninterested person, bring your spirits down, crush your confidence, and make you doubt the value of your business opportunity. On the other end of the spectrum you must learn to keep your calm and not get overly excited when the person you invited is super excited and wants to join your business immediately. You must train yourself to have an emotionally balanced and calm response to both scenarios.

Drill with your upline as many times as it takes in order to achieve this automatic response, by forming new neuropathways in the brain. It may take a while, but keep at it and you will soon be making more money from home than you ever dreamed possible.

I hope this training has helped you to take your home business to new heights of success and has increased your feeling of personal fulfillment. Just make sure that your desire to be successful is always greater than your fear of failure, and nobody can stop you.

To your success.

This Is The Best Time In History To Start Your Own Home Business

It still baffles me sometimes, when talking to people about the work from home opportunities of Multi Level Marketing, how few people know what it is or how much potential it possesses.

An estimated 500 million people have participated in an MLM organization since 1959, and there is no sign of it decreasing in popularity. Multi Level Marketing, also known as Network Marketing, has produced more millionaires than any other opportunity in history, with the exception of real estate. According to the United States Bureau of Census, the average income from home businesses of this type is $400,000 a year. Not bad!

Experts are saying that because of our failing economy, this could be the best time in history to join a MLM company, and start your own business within that company. Why? Because by the time its all said and done, it is estimated the 75% of the U.S. work force will either lose their job, get demoted from full time to part time, or receive a reduction in pay. We are talking “Great Depression” level impact on peoples ability to control financial stability.

This estimate does not even consider the fact that a large number of the population are dissatisfied with their current jobs for a broad range of reasons.

This information is what has led MLM experts to believe that over the next few years, we could see the largest wave of people looking to start their own home business, than ever before.

People are tired of working for someone else. They are tired of not getting paid what their worth. They are tired of not having any freedom or flexibility with their time. They are tired of living paycheck to paycheck every month. They are tired of the same old grind. Most of all, they are tired of spending the better part of every day doing something their not passionate about. People are starting to realize more and more than they only get one life, and that they should be spending it following their own bliss.

The only way to get the most out of life, is to find the one thing you enjoy doing the most, and find a way to get paid for it. This is a concept that I believe is possible for everyone to achieve.

But what if you can’t find anything about MLM that you can feel passionate about? That’s fine, but don’t let that stop you from using Multi Level Marketing as a means by which to achieve your dreams.

There’s one thing I know for sure. It’s will be pretty hard to spend your life incredibly happy and in absolute bliss, if your spending a large part of everyday in a profession that strips you of your time, energy, and purpose, because its something that your not passionate about. A business of your own could solve all of these problems, AND give you the time freedom and financial capabilities to pursue other dreams and life ambitions.

So if you ever gave thought to joining an MLM in the past or are just now being exposed to the wonderful possibilities of this business, now would be the time to get in. The more ground floor the company is the better. The more in alignment with your passions and personal beliefs the better.

Simply put, just join an organization that you can be proud of. The better you feel about all aspects of your business, the harder you will work and the more successful you will become in all aspects of your life. There are many wonderful things to experience in this world. Don’t wait for them to come to you. Go out and make them happen!

How to Sponsor Hundreds of People Into Your MLM (Part 1)

This blog post is a continuation of my earlier blog post on “How to Sponsor Hundreds of People Into Your MLM (Intro)”, so if you haven’t read the first blog make sure you go back and do read it before moving on to this one. One of the 3 keys to learning is, never skip a gradient. I will get into that a little more in another post.

So now that you have a good understanding of how much time you should be spending showing the plan(80%), and how much time you should be spending selling products(20%), lets talk about what your work flow should be in this business.

What is the work flow of Network Marketing?

Once again, you must do all these steps in order, because each step is dependent on the preceding step.

1.) First you must get a prospect.
2.) Then you must invite that person to see your business opportunity.
-Always approach them about a way to make money first. Statistics have shown this to be the most effective way to get people to say “yes”. At this point they can iether say “yes” or they can say “No”.
3.) If they say yes, then you show them the plan.
4.) Then you answer questions and overcome objections.
5.) Then you follow up and follow through. This should only take a few days at the most. At this point a person can iether say “Yes, I want to get into the business”, or “No, I don’t want to get into the business”.
6.) If they say “Yes”, then start them off right. This means that whenever possible you must show the business to their friends within the first three days.
7.) Then you must get your sponsor plugged in, by having them read books, listen to CD’s, and attending as many fuctions as possible, as soon as possible. Also make sure you get them sold on the product and get them dream building right away.

This is the basic work flow for your network marketing business. The number one reason people fail in this business is that they don’t do anything. The number two reason people fail in this business is that they complicate it. Don’t complicate it! This is the exact work flow used by Kevin Trudeau, Mary Kay Ash, and Dexter Yager to earn hundreds of millions of dollars in Network Marketing.

Remember, successful people are always willing to do what the other guy is not willing to do. Do the right things, long enough, consistently and you will make a lot of money, faster than you ever thought possible.