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Showing posts with label The internetwork marketin system. Show all posts
Showing posts with label The internetwork marketin system. Show all posts
Step 3 Focus...The internetwork marketin system
Posted by Msry 7or
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Friday, July 22, 2011
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The internetwork marketin system
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Step 3 Focus
How many different business opportunities, get rich quick schemes, downline clubs, affiliate and associate programs and numerous related articles including this one have you looked at?
Stop!
"The grass is always greener on the other side of the fence."
If you are always on the lookout for a better opportunity from the word go, you have failed already. Focus is about setting your goal, write it down, then focus on that goal. Choose your path and stick to it, select your opportunity and make it succeed.
If you are always on the lookout for a better opportunity from the word go, you have failed already. Focus is about setting your goal, write it down, then focus on that goal. Choose your path and stick to it, select your opportunity and make it succeed.
Follow the Internetwork Marketing System™ from start to finish and keep repeating...
1. Define your goal - i.e. success
2. Select Path (Method)
3. Select Opportunity
4. Sell product & build downline (sign-ups) by promotion
5. Earn Money
6. Develop sign-ups to follow the system
7. Earn more money
8. Repeat from Step 4...
2. Select Path (Method)
3. Select Opportunity
4. Sell product & build downline (sign-ups) by promotion
5. Earn Money
6. Develop sign-ups to follow the system
7. Earn more money
8. Repeat from Step 4...
The things that hold this all together are firstly focus that we have mentioned but also development which should be practically automated by your front end system. You must focus your efforts onto your core business opportunity by promoting the front end system for it. It may take a long time to reach a senior level in an opportunity, but it speeds up after that. The key to a good Front End System is in fact the back end support systems it links into. People only fail in network marketing when they don't receive the right level of support (and this includes picking the wrong product!)
If you keep jumping around between opportunities or take on too much at once you will never fulfill your potential. So focus your efforts in one direction, your goal. Always remember one thing, contrary to the hype, it takes time to build a solid profitable business. If you're after a fast buck forget it!
Next we move onto promoting your newly acquired business opportunity which you are focusing your efforts towards...
Step 2 Scambusters...The internetwork marketin system
Posted by Msry 7or
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The internetwork marketin system
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Step 2 Scambusters - No More Network Marketing Dead Ends
First stop could be the various network marketing scamwatch ezines and mailing lists to do a cross reference on your new network marketing business opportunity for review. But how about this one:
Common sense!
Does the website look well produced, well thought out? Professional?
How long have they been in business?
The back end core business is the important bit, they take your money, not the front end. So check their website as well. The front end becomes dead end if it is badly written or presented badly, after all it is there to encourage people to sign-up!
How long have they been in business?
The back end core business is the important bit, they take your money, not the front end. So check their website as well. The front end becomes dead end if it is badly written or presented badly, after all it is there to encourage people to sign-up!
Avoid the tell tale signs...
"Get Rich Quick"
"Free Money"
"No work, earn a million"
"Free Opportunity"
"Get Rich Quick"
"Free Money"
"No work, earn a million"
"Free Opportunity"
Also avoid anything that promotes itself as 'sign-up now while it is still a new ground floor opportunity'. If it really is advantageous to join early on - doesn't that really mean that it will be harder for your sign-ups to succeed, and harder still for their sign-ups and so on?
Ground Floor opportunity actually means that everyone starts on the ground floor, so whether you join now or five years ago has no impact on your potential earnings. You are rewarded purely on your efforts and those of your downline. This also means that it is quite easy to earn more than your upline.
That's all there is to say on scams, it's all common sense. Just follow your instincts and if it sounds too good to be true, it probably is.
So let's move right along. You've selected your path, chosen a business opportunity preferably via a front-end, it's not a scam so you join. This leads to our next section, focus...
Step 1 The Right Path...The internetwork marketin system
Posted by Msry 7or
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The internetwork marketin system
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Before starting, a quick glossary of network marketing terms for beginners and the more experienced alike:
Network Marketing and MLM (Multi Level Marketing)
MLM is similar to network marketing in that anyone you sponsor/sign-up to an opportunity becomes your 1st level member. Anyone your 1st level member sponsors becomes your 2nd level member, anyone your 2nd level member sponsors becomes your 3rd level member. And so on...
The difference between the two is that with MLM you only earn from enrolling new distributors/affiliates, with Network Marketing you can earn an income just from selling the products and earn from a combination of your sales and your downline's.
MLM is similar to network marketing in that anyone you sponsor/sign-up to an opportunity becomes your 1st level member. Anyone your 1st level member sponsors becomes your 2nd level member, anyone your 2nd level member sponsors becomes your 3rd level member. And so on...
The difference between the two is that with MLM you only earn from enrolling new distributors/affiliates, with Network Marketing you can earn an income just from selling the products and earn from a combination of your sales and your downline's.
Downline
This is the network family tree of your sponsored members and their sponsored members and their sponsored members etc etc.
This is the network family tree of your sponsored members and their sponsored members and their sponsored members etc etc.
Upline
This is the family tree going backwards showing the person who sponsored you, then the person who sponsored them and so on...
This is the family tree going backwards showing the person who sponsored you, then the person who sponsored them and so on...
Commission Plan or Pay Plan
The important factor with network marketing is the structure of commissions earnt at each level of your downline. eg 10% of 1st level sales, 40% 2nd level sales and 10% 3rd level sales. This will then be followed by various bonuses based on total sales volumes etc, eg 2% of total business sales divided amongst qualifying members.
The important factor with network marketing is the structure of commissions earnt at each level of your downline. eg 10% of 1st level sales, 40% 2nd level sales and 10% 3rd level sales. This will then be followed by various bonuses based on total sales volumes etc, eg 2% of total business sales divided amongst qualifying members.
BV
Bonus Value. A reference figure relating to the amount of sales made. Commissions are paid based on BV. Think of BV as business volume where 1 BV point usually equates to just over $1 of sales. Sometimes called PV or LP.
Bonus Value. A reference figure relating to the amount of sales made. Commissions are paid based on BV. Think of BV as business volume where 1 BV point usually equates to just over $1 of sales. Sometimes called PV or LP.
Autoship
An insurance policy. Commissions are usually only paid if you meet minimum BV requirements. So, if you don't sell enough product (or any at all) autoship automatically orders the minimum requirement for yourself. The reason for minimum order requirements is for both business and legal reasons - if you are not an active representative, you are not entitled to commissions (stops people just promoting the opportunity and never selling/using any product!)
WARNING - This should only be used as an insurance policy. If you aren't meeting your minimum sales regularly then it is unlikely that your downline will be able to either - not a sustainable business model.
An insurance policy. Commissions are usually only paid if you meet minimum BV requirements. So, if you don't sell enough product (or any at all) autoship automatically orders the minimum requirement for yourself. The reason for minimum order requirements is for both business and legal reasons - if you are not an active representative, you are not entitled to commissions (stops people just promoting the opportunity and never selling/using any product!)
WARNING - This should only be used as an insurance policy. If you aren't meeting your minimum sales regularly then it is unlikely that your downline will be able to either - not a sustainable business model.
These are some of the many terms you will come across when reviewing any business opportunity. Now, back to finding the right path for you.
An Internetwork Marketing path is in fact the method used by a business opportunity, or its structure. Depending on your current circumstances, skills, time constraints etc you will choose the path most suited to your situation. Here are summaries of the main methods/paths you will encounter:
1) Network Marketing or Direct Selling
This is the deep end of the business opportunity pool. You must often invest a lot more time and money into these opportunities, receive training and work as a team. Can be a lot harder to get sign-ups and even harder to teach your sign-ups to get sign-ups. You will find commission plans paying most on 2nd and 3rd level sales for obvious reasons, it promotes growth. Potential earnings are also far greater than any other method and is also the only method that has true 'residual income'.
However - it is not always as hard as it first seems with the right support systems and training in place (more on this later!)
This is the deep end of the business opportunity pool. You must often invest a lot more time and money into these opportunities, receive training and work as a team. Can be a lot harder to get sign-ups and even harder to teach your sign-ups to get sign-ups. You will find commission plans paying most on 2nd and 3rd level sales for obvious reasons, it promotes growth. Potential earnings are also far greater than any other method and is also the only method that has true 'residual income'.
However - it is not always as hard as it first seems with the right support systems and training in place (more on this later!)
2) MLM Cyclers
Usually your first steps into MLM. These are the ones to be very careful with. Consider these as Network Marketing for beginners. You pay one initial sign-up fee which should actually buy you something (if it doesn't it may well be a scam). When you have signed-up a fixed number of new people you get a payout, some more product and re-entry into the system (hence a cycle). These are the cheapest way to get involved in an MLM Business Opportunity. The only flaw with these systems is that because nobody is buying a regular BV, commissions are only generated from new sign-ups. And you will need more sign-ups every time you cycle. And don't expect most cycler programs to still be around in 5 years time! These are not recommended.
Usually your first steps into MLM. These are the ones to be very careful with. Consider these as Network Marketing for beginners. You pay one initial sign-up fee which should actually buy you something (if it doesn't it may well be a scam). When you have signed-up a fixed number of new people you get a payout, some more product and re-entry into the system (hence a cycle). These are the cheapest way to get involved in an MLM Business Opportunity. The only flaw with these systems is that because nobody is buying a regular BV, commissions are only generated from new sign-ups. And you will need more sign-ups every time you cycle. And don't expect most cycler programs to still be around in 5 years time! These are not recommended.
3) Associate & Affiliate Programs
The most basic of business opportunity methods. A simple system of selling other companies products by directing them to your associate website. Straight commission per sale, sometimes 2 tier (2 level - earn from signing up other associates). If you have a popular website this is the easiest way to generate short term income by selecting a related product of interest to your current website traffic. i.e. don't promote beachwear on an Eskimo website.
More recently these have become the most profitable and sustainable opportunities as the market becomes saturated in MLM. If they have a multi tier commission structure they can be considered sales focussed network marketing.
The most basic of business opportunity methods. A simple system of selling other companies products by directing them to your associate website. Straight commission per sale, sometimes 2 tier (2 level - earn from signing up other associates). If you have a popular website this is the easiest way to generate short term income by selecting a related product of interest to your current website traffic. i.e. don't promote beachwear on an Eskimo website.
More recently these have become the most profitable and sustainable opportunities as the market becomes saturated in MLM. If they have a multi tier commission structure they can be considered sales focussed network marketing.
Don't panic!
It may all seem a little too much to just jump in and setup your own business, but you have The Internetwork Marketing System™ to help. Most of the hard work and skills needed can be reproduced and automated via computer, using what we call a front-end system.
Front End Systems
A front end system provides all the information on the opportunity, answers your prospects questions, helps sign them up and makes sales of your products and duplicates to give them the same tools. Better front ends will also have member areas with training guides and numerous tips. Some may also contain chat rooms, forums and downline viewers, totally free of charge! A lot of existing front ends get prospects to join to gain access to the Member Area before actually joining the core opportunity.
A front end system provides all the information on the opportunity, answers your prospects questions, helps sign them up and makes sales of your products and duplicates to give them the same tools. Better front ends will also have member areas with training guides and numerous tips. Some may also contain chat rooms, forums and downline viewers, totally free of charge! A lot of existing front ends get prospects to join to gain access to the Member Area before actually joining the core opportunity.
You will find that the best opportunities combine numbers 1 and 3 above using a front end system that handles everything for you, from sales to recruiting.
So whatever path you decide is right for you, the secret of the whole system is to join a front end system based on that path to handle your prospects, optimise commissions and introduce the opportunity. Or, more importantly, a system that provides you and your future sign-ups a simple marketing plan, trains you on how to use it and therefore trains your sign-ups to do the same.
The secret to success in network marketing is a simple duplicable system that anyone can follow, not just experienced networkers. Both online, offline and a combination of the two, for both part-time and full-time participants. PLUS a product you truly believe in AND a product that is easy to sell.
No sensible networker will ever advise you to rely 100% on the systems, and with very good reason. The systems assist you in every aspect of your business, but the power of network marketing only begins to multiply when you keep your downline growing too. This can only be done by building relationships with your team, no computer can do that!
Selecting Your Core Opportunity
Picking your core opportunity can be a very personal thing. You may have had previous experience in a particular industry for example, but eventually it will come down to one key decision - what you are selling/promoting.
The tip here is to realise that every opportunity has three facets.
1) Retailing. This is just focusing on selling a product to a customer to earn a commission.
2) Customer Lead Marketing Plan. Although it is business builders that will make you the most money, every opportunity will have a marketing plan to follow up with your customers to convert them into business builders. This is a very powerful marketing plan since customers make the best distributors of products, having a personal story to tell.
3) Business Lead Marketing Plan. This is the same for every opportunity although not many people realise it! By learning basic network marketing techniques and perfecting them, they are then easy to share with your downline. This is the key to a successful network marketing business. You are in the people business, your core opportunity is just the vehicle.
Please note, just relying on number 3 below will not build you a sustainable business.
Onto the next chapter: Front End, Back End or Dead End - The Scambuster...
