Network marketing is big business, and it’s big business with little requirement from you financially.
If you compare what it takes to start a traditional small business to that of a network marketing business, you’d see MLM is very low cost, with no risk.
With a network marketing business, you can walk away by simply cancelling your month autoship order, whereas a traditional brick and mortar you’re left with a lease, merchandise, resentful employees, etc.
I’ve been an internet marketer since 2011, and nothing else pays like network marketing, especially as passive, residual income.
So, Here’s the Exact Steps How to Make $10,000 Your First Year in Network Marketing
One – Low Cost, High Commissions
Again, you want to get into a MLM for under $200 a month. You will have to buy product each month to stay active as a distributor. If an MLM says it’s free to join that’s somewhat true. However, in order for the company to make profit and pay you, somebody has to sell product. Commissions also need to be in the 30% to 50% range. I earn 50% on all my first time orders. This will help offset your advertising cost in the beginning.
Two- Built-in Sales Funnel with Autoresponder
There’s only a handful of MLM companies that have an automated message that goes out to all your leads when they take a free tour on your website. I won’t join any MLM that doesn’t have a built-in autoresponder for the distributors. Our autoresponder is what I rely on 95% of the time to land me sales. This is how I work under an hour a day. You don’t need to buy or create a sales funnel in my company, you just get leads into the sales funnel.
Three – Amazing Products
I used to say that products didn’t matter, it is the leader selling the products who matters, but products do help. My business quadrupled when we launched a certain product.
Four – Duplicatable System
Since the sales funnel is already in place, all you need to do is learn how to generate consistent leads daily. This is where 80% who join MLM hit a wall. They run out of prospects past friends and family. In order to make bank in MLM you have to break into the cold market – people you don’t know.
The system I teach my new reps is so easy that a 7 year old can do it. It has to be extremely easy because you want your entire team to be able to duplicate it.
Duplication is everything in making six or seven figures a year in MLM. You don’t make those large checks by yourself, selling product door to door. You need a giant team helping you make that money. Recruiting and duplication is everything.
Five – Teach Your Easy System
When someone joins my MLM, I send them a very clear and simple welcome letter. It shows them how to log in, find their personalized websites, and how to generate leads. That’s it. I don’t send them motivational junk or get them on a hundred different webinars. I show them the best way to generate leads and that’s it!
The more crap you show your new rep the less they will do.
Six – Create Content on Internet for 24/7 Profit
Treat MLM like a real business startup, because it is. So many people join up thinking that it will pay like a lottery ticket – no work involved. MLM is like a small business or startup and requires a lot of exposure in the beginning.
You need to do whatever it takes to get your business seen by thousands a day and generate 20 to 100 leads a day consistently. Posting your business on Facebook a couple times won’t do it.
You will need to run advertising while creating content. Content is great because it’s free to make and can generate you leads for years after.
Types of Content:
One – Videos
I’m a big fan of creating videos on YouTube. I stay away from just hyping my business opportunity. I create “How to” videos and at the end of the video I point them to a page on my blog where they can check out my opportunity. YouTube doesn’t like spammy MLM videos so try to add some value and insight.
Two – Blog Articles
Blogging is more of a long-term strategy but eventually 2 to 3 years down the road and hundreds of articles later, you could get 10 to 30 leads a day from a good blog. If you don’t like writing it will cost thousands for article writers, so only blog if you love to write.
Three – Social Media
The hottest social media right now in my opinion is Pinterest and Instagram. People are becoming more visual and those can be effective platforms to generate leads if done right.
Whatever platform you decide to use, stick with it and master it. Pick up some training on that platform by an expert and don’t add another platform until you’re generating leads with the first platform.
Do Content and Paid Advertising in the Beginning
MLM “loves speed” so your first year in MLM has to be pedal to the metal. You want to create excitement and momentum and the only way you can do that is by generating massive leads and signups. Others will follow your lead, so you can never stop recruiting or your team will stop recruiting.
So, massive leads will take a combination of creating content (long-term strategy) and running advertising (short-term strategy.) Shoot for generating 20 to 100 leads a day consistently for 2 to 3 years. You will be able to retire.
Your team will start to grow on its own and your income will begin to offset the advertising cost. Eventually, you will earn far more than you’re putting into your business and that’s where earning six figures working only one hour a day comes into play and it’s so worth it!
Here’s the Exact Steps to $10k
One – Generate Leads Consistently
Two – Get New Rep
Three – Teach New Rep How to Generate Leads
Four – Get Them Teaching Their new Reps How to Generate Leads
The hardest time in MLM is in the first year. You will be frustrated occasionally because MLM is a different breed of business. It doesn’t matter if you have a PHd or are a hard worker. People are unpredictable and will throw you for a loop, but in the end it’s all worth it and then some.
Never pre-judge or worship anyone you think is a leader who joins you. Keep recruiting and don’t look back. You only need 2 to 5 Rockstars on your team to make serious income.
Thanks for reading. Check out my Opportunity Page for more info.