Although
the MediaNet Group Technologies program is not Network Marketing,
we have added this section in the business knowledge base so that you
can better understand the MLM industry.
Remember
that Multi-Level (Network Marketing) is very dependent upon the strength
of the company you deal with, their product line and the “up-line”
support you receive. If your sponsor is not making money they can not
help you make money.
What
Is Multi-Level And How Should It Be Worked?
Multi-level
marketing is really a partnership. You go into business with someone
that has the same interests and goals you have. You make a commitment
to each other. You work with the same people. Working multi-level marketing
correctly not only makes success easier, it eliminates many problems.
The
hardest thing is to find the person you want to work with (your sponsor).
You want someone who is willing to work and assist you when needed.
You should join programs under the same person all the time. This makes
for a solid downline. If your sponsor isn't interested in a particular
program, contact his sponsor. By doing this, you will strengthen you
group.
Many
people complain about others stealing their people. They seem to think
that just because they signed someone up once, they should always have
them. If someone gives their downline the help and assistance they should,
there would be no need for them to worry about someone stealing them
away. They should want to continue with you because they know you will
help them.
Why should someone stick with you if all you do is collected commissions
from them? Can you really blame them for not following you into other
programs?
Take
a look at the other side of the "coin". Having the right people
in your downline is just as important as having the right sponsor. If
someone sponsored you into a program and helped you, don't expect them
to sign you in another program if you haven't tried to do anything on
you own. Granted, they make money for those they sponsor for you, but
why should they make you money if you don't do anything?
Mailing
out hundreds of brochures may get you several people in your downline.
This may look good on a printout, but what about on a commission check?
Would you rather have a printout a foot long with a small check - or
a small printout with a large check?
Be choosy in whom you recruit. Let them know what you expect from them
and what they can expect from you. Level with them completely about
the program you are trying to get them into.
Having 2 or 3 good people will make you more money than having 10 or
12 deadbeats.
Don't
join every program that comes along. Find one you like and work it.
It takes time to build a solid downline. Help your downline and have
them do the same. This way everybody will make money. You can't expect
to keep your downline if you leave them stranded when you get into profit.
You
have to help them get in profit too. They will be more apt to follow
you in other programs this way.
Be
careful what you promise people. Remember, nothing is guaranteed. Be
as honest as you can. Don't tell someone you'll do something if you
can't. Offer your help, but guarantee nothing. No matter how good something
might seem, it might not work. If you mislead people, how long do you
expect to keep them?
Doing things this way may take a little longer, but look at the advantages!
You
have a solid downline.
You
don't have to race to the phone or mailbox to be first to contact someone.
Because
you are working with the same people, you will get to know them.
You
will have a steady income. You don't have to worry about finding new
"schemes" and new "victims" every few months.
Actually, four things are needed to be successful in MLM. A good product,
a good marketing structure, a good sponsor and a strong downline. The
time and money spent to find these four things is well worth it. Don't
settle for anything less. To do so will only restrict the goals you
can achieve.
Once
you have found these four things, it's easy. All you have to do is keep
in touch with your 5 or 6 people. If everyone does this, no one will
fail. Everybody will be a success.
DEVELOP A WORLDWIDE DISTRIBUTOR NETWORK
When
you select a product, your choice should be based upon your knowledge
of how and to whom you're going to sell. You may have the greatest bargain
in the world, but it will be of no value to you if you don't know who's
going to buy it, or how you are going to get the word out about it.
The
first rule of achievement of a fortune is to produce or buy your product
for pennies and sell for dollars. So after preliminary market research
to determine who'll buy your product, the next question to answer is:
How munch will the majority of this market be willing to pay for your
product?
For
the sake of discussion, let's say that you've written a "How To"
manual on how to make $100,000 a year compiling and selling mailing
lists. You check with a number of printers and get a production cost
of $1.50 per book in lots of 1,000. You figure that with sharp advertising,
you can "sell a million" of these books at $10 per copy, but
that advertising will cost you $1.50 per book. Thus far, the basic cost
of your book is $3 per copy.
Even
though you will probably be the one selling most of your books, you
must realize that it will take you an awfully long time to move out
a million copies of this book. It will keep you busy 25 hours a day,
8 days a week to do it all by yourself. So the thing to do is recruit
as many other people as you can to help do the selling. This means setting
up a dealer distributor network.
To
do this, you must make it worthwhile for other people to sell your product.
You offer a percentage of the sales price to each book they sell for
you. Generally, this is about 50% for each single copy sold; 60% when
purchased in quantity lots of 25 to 99 copies; and 75% when purchased
in lots of 100 copies or more. The important thing is to shave your
profits to a minimum when you have other people doing the work for you.
Let's
use this example of a $10 book that costs you $1.50 to produce in lots
of 1,000. For people who buy from you in lots of 100 copies, you could
cut your profit to $1 per book, sell it to them for $2.50 per book,
and let them do all the advertising, as well as the selling. Don't offer
more than 50% on single copy dropship sales, because you'll have to
furnish this type of dealer with selling materials, and continue to
do most of the advertising yourself.
Setting
up your distributor program will require advertising and a sales kit
for the sellers. Thus, you should make up a series of "Dealers
Wanted" ads and place them in as many different publications as
you can.
The
national "opportunity" magazines are the best place to place
your advertising for dealers. Remember, the ad should be a call for
dealers, distributors and independent extra income seekers. Do not try
to sell your product in this ad. Use it only to enlist or recruit people
to sell for you. Remember too, the more you run your dealers wanted
ad, and the more different publications you run it in, the more people
you'll get to sell your product for you. The easiest way to go is with
"Dealers Wanted" advertisements in as many worldwide publications
as possible.
You'll
lose your shirt attempting to recruit sales people via direct mail,
and you'll never make any headway with just a "Dealers Wanted insert"
in each book you sell. If you want sales people, you must advertise
for them.
To
actually get these interested opportunity seekers to sell your product
for you, you'll need a dynamic sales letter and seller's kit to send
out in response to the replies to your advertising. This kind of sales
letter is usually four pages in length, printed on 11 by 17 inch paper,
to sell the prospect on the idea of selling for you, use the amount
of space and paper that's necessary.
If
you've written sales letter properly, that's all there is to it. Some
people charge an "up-front" dealer's registration fee. We
don't recommend this, for a number of reasons--mainly because it immediately
eliminates a great many people who might want to least try to sell the
product for you, but are not willing to "pay" to sell for
you.
Some
sellers charge $1 to $5 for details and complete dealership set-up to
offset the cost of the initial seller's kit and postage. This is what
is recommended at the start. If you offer your program for nothing,
you'll get as many responses from curiosity seekers and opportunity
collectors as from bona fide prospects.
If
you charge for the dealership set-up, you should include a sample of
your product. For the more elaborate sales kits and expensive products,
most people ask for deposit, which is refunded after a certain number
of sales are made by the dealer. Any charges more than $5 should not
be mentioned in your "Dealers Wanted" advertisements, but
held over and fully explained in your sales.
This
is how you set up a dealer/distributor network: Get other people to
sell your product for you! You can, and should be prepared from the
start, before you place your first dealers wanted ad, and proceed only
as you can afford the advertising costs from the profits of sales of
your product.
