You probably got interested in your network marketing company, not only because you loved the product but you saw an opportunity to make money too.
So, how is that going for you?
A fact is, 97% of network marketers are struggling in their businesses – they are losing more money than they are making!
There are 4 major problems faced by most network marketers today.
Could you be experiencing them too? Let’s take a close look at them:
1. Lack of Quality Leads
This is a huge problem that continues to haunt many network marketers. The truth is, leads are the lifeblood of your business. Without them your business will crumble and DIE.
You’ll need to generate a minimum of 30 targeted leads a day in order to make money in your business. Note that I use the word ‘targeted’!… Your goal should be to attract people who would be interested in what you have to offer, so that they can convert into sign-ups and sales.
Most people are struggling with this as they try to get their family, friends and strangers they bump into, to join them or buy from them. Those people have not expressed any interest to start with.
If you’re still using the old marketing methods of writing a list of names and bugging people in the shopping malls, then you’re not going to have qualified prospects.
So, how can you tackle this problem?
You’ll need to use the modern day lead generation strategies. The key is to get proper training on the different marketing strategies available today so that you can know what you are doing.
Choose ONE strategy that resonates with you, learn and implement until you master it.
Focusing on just ONE marketing method will bring you better results that you want rather than trying to learn and master EVERYTHING!
2. Lack of Money
This is another common problem – it takes money to run a network marketing business and many marketers don’t have it!
To start with, you probably didn’t have money to make the initial investment but you saw the income opportunity and you figured a way to make things happen. But you didn’t realise that you needed funds to keep your business going every single month.
So, are you borrowing money from YOURSELF to fund your business?
You need to pay for the autoship, stationery, travel, events and so on. Your monthly expenses could run up to $1,200. So, if you have a poor cash flow, not making enough money to cover your business costs, you then start funding your business from your own pocket. You then start focusing on making sales than providing solutions because you’re desperate, needy and frustrated.
Remember that you started your network marketing business for financial freedom, but a lack of money would leave you in a worse situation than you were in before you started and the tiny commissions that you make will be for the repayments to yourself. Not ideal at all.
So, how can you deal with this problem?
Think multiple income streams!
It’s all about plugging your prospects and team into a marketplace or store that provides multiple items they really NEED to build successful blogs and businesses.
You’ll often find that people will make more than one purchase at a time. You need to plug people into this inbuilt store and let them make their purchases such as domain names, hosting providers, auto responders, social media tools and more.
This is a great way to make money off people who are not interested in joining you. All smart marketers use this strategy.
3. Lack of Marketing Training
Most network marketers fail in this industry due to the lack of marketing training. If you don’t have the right training you will lose more money than you are making in your business. Trying to figure out things on your own on the internet, will definitely feel like being lost in the forest!
So, how can you overcome this problem?
You will need a platform to train you on the cutting edge marketing techniques, if you want to stand any chance in this highly competitive market. You will also need to spend some time on your personal education and growth and learn how to sell your most important asset – YOU.
4. Lack of Duplication
Most network marketers are working around the clock, sponsoring new distributors and then have to repeat the process over and over again due to constant downline attrition.
When you get results in your business, you want your team to duplicate your success, otherwise you will not be able to grow your organisation.
So, how can you solve this problem?
You need to get your team plugged into a good marketing system so that they can also get the training and tools required to achieve your level of success. A good system will save your business and help you achieve the results that you are after.
The Number One Solution to These Major Problems
When searching for solutions online a couple of years ago, I found one that stood above the rest.
It’s the #1 Attraction Marketing system that I have been using very successfully to keep sharpening my axe and to keep my team performing at optimum levels.
With MLSP, you can learn how to market properly, give your team access to the cutting-edge marketing training and incredible tools that are going to help them move their businesses forward at lightning speed.
MLSP also allows you to tap into the genius inbuilt store and make commissions at will.
Every marketer, new or seasoned, needs a marketing system, if they don’t want to be haunted by these 4 major problems!
I don’t know where I would be in my own business if it wasn’t for MLSP. It’s taken my marketing from being somewhat great and profitable to a nuclear explosion
S.Y.S.T.E.M = Save Your Self Time Energy and Money.
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Here’s to rocking it in your business with a marketing system!