Monthly Archives: March 2010

5 Reasons Why Your Website Isn’t Working

I hear this from newbie’s all the time. My website, blog, or ezine isn’t bringing me new business.

And guess why?

No one can find them!

Their ideal client may be looking for someone exactly like them and their business. But when they type keywords into the search engines, they don’t show up until the 5th or 6th page.

Did you know that over 50% of North American businesses, in this day and age, aren’t even on the web? And of those that are, very few come up on the first pages of search engines when prospects do a search for that business or product.

It’s because a large percentage of the online businesses only really have an online business card, and not an online business.

If you are a small business owner, service professional or entrepreneur, you know you must be on the Web. Consider these facts…..

– It’s estimated that 79 million people will start a home based business using the internet in the next 5 years
– As of June 2009 there are 1.7 billion internet users worldwide…that’s only 24% of the world’s population
– 100,000 People per Day are being introduced to the internet
– Over 75,000 new websites per day are coming online
– 99.999% of these 75,000 have NO CLUE how the internet works

With over 1.7 billion Internet users world-wide and growing every day, you can’t afford NOT to be on the Internet.

Ok…have you figured out why your Internet marketing isn’t working like it should?

Here are five common reasons, and what you can do about it.

1. You have a blog, or website, or a newsletter but they don’t bring in new clients or revenues; readers don’t take action. Either it isn’t clear what you want them to do, or you don’t provide a simple way for them to get something for free in exchange for their email address.

2. You have to wait for your web designer to respond each time you want to update your site. You don’t have the skills to do this yourself and feel like you are being held hostage by the web guy (or gal).

3. You love your business and want to spend time with your clients and customers doing what you do best; instead you spend too much time keeping a database and following up with leads; your marketing isn’t automated.

4. You have a great product and a good business model, but your site doesn’t get enough traffic. You know you need links back to your site in order to rank better with the search engines, but don’t know how to generate these.

5. You have a vision to double or triple your revenues in the next year or so, but you don’t have a funnel marketing system with the right products or services to reach your target market and your personal goals. (Can’t wait to share the funnel marketing system with you soon)

If you’re like most professionals, when it comes to your Internet marketing you are tired of so-called experts who tell you what you should be doing. Most gurus don’t actually help you implement the steps required to set up and use the tools you need; you know what you should be doing, but you don’t have an organized plan for breaking things down into do-able steps.

Here’s some good news…

You don’t need a big budget, a “geek” on staff, or any computer programming knowledge. You can get on the Web with no experience or special tech skills. Why? Because there are many new tools that make Internet marketing easy for everyone. Around 2004 things became really easy for the average business person to have a strong Internet presence that really works.

And today it just keeps getting better!

If you can write and send an email you have what it takes to bring in new clients and new money. Yet most professionals and small business owners get lost in a sea of Information overload when it comes time to put their business online. And don’t worry, if you feel you can’t write we are going to assist you there also. By sharing with you in future posts copy writing skills.

If your Internet marketing isn’t working, you may not have these simple online tools in place, and optimized for growing your business:

1. A database marketing system
2. A blog so prospects can easily find you on the Web
3. A newsletter and autoresponder so you stay in touch with potential clients
4. Press releases and articles using your keywords submitted to PR and article directories
5. Products and services for free or low fee so prospects can get to know and trust you

These are important foundation pieces for leveraging the Internet to grow your business. If you don’t have them, you will spend unnecessary time and energy for nothing. If you do have them, you need to use them properly. All five work together to automate your Internet marketing tasks.

If you notice, a website isn’t even on this list. If you already have a site, it needs to be integrated with your marketing plan; if you don’t have one yet, start with a blog; you will find you will get better traffic and results faster.

The good news is that simple online tools exist to make Internet marketing accessible and effective for the average business person.

The bad news is that very few professionals take the time to learn how to make their Internet marketing easy, automated, inexpensive, and organized. Those that do grow their businesses exponentially and make money baby!

All the tools and training I recommend can be found at:
Global Virtual Opportunities (GVO)

Happy Marketing,

Gerry Schroeder
http://www.gerryschroederonline.com

Skype: gerry.schroeder
Office: 705-524-1286

Gerry Schroeder is an expert online business builder and MLM marketing coach in the Network Marketing Industry. He assists others with creating their true wealth working from the comfort of their home.

Get your free Secrets to Marketing in 12 Steps. You will be added to the Gerry’s newsletter for up coming trainings and success strategies. Just fill out the form above.

Network Marketing Success, Internet Marketing Strategies, Profit Exploding Skill Set Mastery Training, Attraction Marketing Simplicities, Lead Generation

Secrets to Dealing with Criticism

Nobody likes to be criticised, but unfortunately, it is something that we are bound to receive one time or another. Some of us respond positively with nobility and detachment, yet many others get offended and keep it in until it leads to unnecessary suffering. Dealing with criticism is an important life skill and through it, we have the opportunity to learn and improve ourselves.

Having what I would like to call….a successful sports background, I got criticized all the time. Coaches would yell at me, all the time, in an effort to push me and get the most they could out of me. I guess early on in my sports background, I didn’t think I had the qualities to be a leader. But thanks to thier persistance I developed those leadership qualities that I am able to teach others to obtain. I see it in my children today when they are playing sports. They don’t like criticism, I mean who does? So what I want to share with you are some tips to better handle any criticism you may encounter.

Tip #1 – Respond to the suggestions, not the tone of the criticism

People may make valuable criticism as suggestions. However, their tone and manner of criticism may appear aggressive or confrontational, and that is what we respond to rather than to the suggestions they are giving right? You must learn to separate the criticism from the style of criticism. Detach your emotions from the useful suggestions that may lie within that aggressive critcism.

Tip #2 – Value criticism

The problem we have quite often is that we don’t value criticism because we only value praise or recognition. You’re happy when people speak kind words, but miserable when they criticize right? But because criticism can be constructive, you can only progress by inviting it rather than expecting praise which might be insincere or non flattering.

Tip #3 – Don’t take it personally

This is the major problem which occurs with regard to criticism. When people criticize us directly, we should feel they are not criticizing our real self but just a misunderstood aspect of ourselves or what we may be trying to get across in conversation.

Tip #4 – Ignore false criticism

Sometimes we are criticized for no reason or justification and this can be painful. In cases like this, ignore it. If we remain silent and detached then the criticism is given no energy. But if we somehow fight it, we are giving it more importance than it deserves. Maintain a dignity that others will come to respect.

Tip #5 – Don’t react immediately

Responding too quickly because of feelings of anger or bruised pride may leave us regretting later on. Wait patiently and you will be able to rationalize and reflect in a calmer way.

Tip #6 – Always SMILE

Smiling, even if it is a fake one, can help us to relax more. It creates a more positive vibe. And if smiling actually aggravates the other person, then at least you know you’ve got one over on them.

Happy Marketing,

Gerry Schroeder

http://www.gerryschroederonline.com

Skype: gerry.schroeder
Office: 705-524-1286

Gerry Schroeder is an expert online business builder and MLM marketing coach in the Network Marketing Industry. He assists others with creating their true wealth working from the comfort of their home.

Get your free Secrets to Marketing in 12 Steps. You will be added to the Gerry’s newsletter for up coming trainings and success strategies. Just fill out the form above.

Network Marketing Success, Internet Marketing Strategies, Profit Exploding Skill Set Mastery Training, Attraction Marketing Simplicities, Lead Generation

How to Gain MLM Success

So why do 95% of Network Marketers spend more money than they make, while others are generating a very good icome? The difference is that beginners sell, while the 5%’ers Market. Once I figured that out, I deserved to understand how to market like a professional.

Here are some tips that I’ll share with you about how the professional Network Marketers do it, and the way to become a success in MLM so you don’t become a statistic.

AND YES… NETWORK MARKETING or MLM IS NOW ONE OF THE TOP BUSINESS STRATAGIES PEOPLE LOOK FOR TO GENERATE ADDITIONAL INCOME FROM HOME.

Why you ask? Join my mailing list and you will obtain the education you deserve!

OK, now you ready for some Success Tips?

Tip #1

Successful Network Marketers utilize online automation tools to work for them twenty-four-seven, while they maintain their daily schedules. With the proper tools in place, a marketing professional will have a never-ending supply of prospects chasing after them.

Newbie’s fail to leverage the power of promoting and advertising. This may be because they haven’t been taught this or they aren’t working with the right people?

Tip #2

Successful Marketers also understand how to publicize to their target audience. They do not have a one way approach to marketing. Professionals use different marketing systems to reach their audience.

This is the complete opposite of the way that amateurs market. Generally Amateurs (I am not talking about you) promote a replicated company website that casts a large net to the general public, expecting to catch a few prospects.

Tip #3

Successful Marketers have a marketing funnel for their prospects, which allows them to only deal with highly qualified leads. The promoting funnel is another tool that saves the professional time, and increases their revenue.

Ask a beginner if they have a marketing funnel. Wha..what what marketing funnel!? Exactly.

Tip #4

Successful Networkers sell the solution to people’s issues, they don’t sell a company. They understand the psychology of people. They know that people are just interested in the benefits that come with what they are offering. They want their Problems solved, they do not want a company.

And here comes the beginner (I’m not talking about you) throwing up all over people with their verbal diarrhea about their company and their products. OMG! And then they wonder why it’s so hard to make any money in this thing.

Tip #5

Successful Network Marketers have a step by step system in place that prepares the new person to make money. They also coach and produce new independent leaders in their business.

Amateurs don’t have a simple system or a professional training forum for their new partners to plug into. Let’s not mention the adult day-care that they created (Remember I’m not talking about you)

Tip #6

Successful Network Marketers are continually training and improving themselves. They attend promotion trainings, and personal development meetings. They spend thousands a month on new ideas and concepts. Some may even turn their cars into a traveling varsity. Go to any Successful Network Marketers home and have a peek at their library. You sometimes will find tons of books about their craft and books about mindset.

Newbie’s customarily attend one event or training, and think that’s it. One event or training is not about to make them a success. This is a continuing process. This is not a 30 day, wait and see kind of industry. This industry deserves a long term commitment, not a ‘let me try my luck’ lottery ticket.

So those are my six tips. Be sure that the person you work with uses systems, practices what they preach, and that they have an interest in your success.

Still want more information on being a success in MLM? Be sure to join my mailing list for news, classes and so much more.

Happy Marketing,

Gerry Schroeder
http://www.gerryschroederonline.com

Skype: gerry.schroeder
Office: 705-524-1286

Gerry Schroeder is an expert online business builder and MLM marketing coach in the Network Marketing Industry. He assists others with creating their true wealth working from the comfort of their home.

Get your free Secrets to Marketing in 12 Steps. You will be added to the Gerry’s newsletter for upcoming trainings and success strategies. Just fill out the form above.

Network Marketing Success, Internet Marketing Strategies, Profit Exploding Skill Set Mastery Training, Attraction Marketing Simplicities, Lead Generation

Who Is Gerry Schroeder

I live in beautiful Northern Ontario Canada. I am married to the most incredible woman. She’s my best friend and soul mate. Together we’ve been blessed with two AWESOME children. I am honored to be a father! As a family we enjoy spending time and doing things together, and are huge basketball fans….”Go Raptors”.

I have a background in Chemical Engineering, and worked in the mining industry for many years, the majority on the corporate side in management. I had the mindset that working hard and developing a career would allow you to have all the things in life you wanted. Boy was I wrong! It’s not what you want, it’s what you deserve that counts. No one needs or wants anything, but we all deserve more! It’s all about mindset and how we are programmed. It’s our programming that must change!

Network Marketing has taught me so much. I was fortunate to find several mentors, teachers and Network Marketing and Internet Marketing so called gurus who mentored me for years. I continue to learn and develop myself on a daily basis! This mentoring was the ultimate training I required in order to become a very successful Network Marketer and now, a trainer, coach, author and speaker for the industry.

I have over 20 years in the home business industry especially in online and Network Marketing. Being a Professional Network Marketer, Mentor and Coach I am blessed to work from my home, and have the freedom to do what I want when I want and with whom I want. I have many incredible relationships in the home based business arena, and I’m currently working with some of the most wonderful people who have the desire to step out of the box, and work towards reaching their goals and dreams no matter what.

I enjoy assisting people to succeed in their home business, whatever that business might be. All of the training and coaching I do can assist anyone with a home based business, to succeed online and off.

I grew up in a family of 7, which wasn’t always easy. There were many challenges. Like using the only bathroom we had (one bathroom for 9… yeesh), to jamming into a car that only held 5 so we could visit relatives or go on trips. I love my family dearly. My 2 brothers, 4 sisters and wonderful parents. I learned early on it was survival of the fittest. Dinner was always crazy, and if you were late, well you may not eat. My parents were AWESOME while growing up and I learned so many valuable lessons. From a good work ethic, treating others the way you want to be treated, respecting your elders and having a competitive spirit.

I was big into sports and always worked hard to be the best I could be. I think sports, especially team sports, allowed me to develop and maintain a competitive spirit….you know that “together everyone achieves more (T.E.A.M) attitude”! This attitude is so important in anything you do.

My parents didn’t have good educations, and what they lacked in education they made up in work ethic. Being of German decent, my parents were the hardest working people I knew. No one could out work my dad. He would never give up. He always found a way to get things done. I remember one evening while I was studying for exams my father shared some wisdom with me, that I hold so close and share with everyone I work with. I was getting frustrated, tired and just about ready to pack it in. My father noticed this came over to the table and sat down and just started talking to me. Asking me how my day was, how Volleyball practice was and what happened at school. Then he asked me if I truly wanted to be the best. I wasn’t sure what he meant by that. My father replied……you want to be a great Volleyball player right, you want to be a Chemical Engineer right, and you want to be in the top of your class right. Of course I said…ya. Then my father said…..NEVER GIVE UP! ALWAYS FIND A WAY TO GET WHAT YOU WANT. My father passed away in 2005 after battling cancer, and he is truly missed.

NEVER GIVE UP! ALWAYS FIND A WAY TO GET WHAT YOU WANT!

Doesn’t that make sense, and now I understand it’s about what you deserve in life and not want you want that makes the difference in who becomes successful and who doesn’t.

As a network marketing veteran I use the Internet quite extensively, while maintaining the honored positions of husband and dad to my wife and children. I’m also a team player to those I work with professionally and love focusing on new entrepreneurs who have embraced this wonderful industry.

My passion is empowering other individuals, and new entrepreneurs, who have embraced the work from home industry to believe in themselves in all areas of their lives by developing a “No Matter What Attitude”.

I look forward to Relationshipping and Friendshipping with you. Please, if there is anything I can do to assist you with reaching your deserved goals and dreams let me know.

Happy Marketing,

Gerry Schroeder
http://www.gerryschroederonline.com
Skype: gerry.schroeder
Off: 705-524-1286

Gerry Schroeder is an expert online business builder and MLM marketing coach in the Network Marketing Industry. He assists others with creating their true wealth working from the comfort of their home.

Get your free Secrets to Marketing in 12 Steps. You will be added to the Gerry’s newsletter for up coming trainings and success strategies. Just fill out the form above.

Network Marketing Success, Internet Marketing Strategies, Profit Exploding Skill Set Mastery Training, Attraction Marketing Simplicities, Lead Generation

Targeted Twitter Followers

Twitter is becoming one of the most powerful social media marketing tools available online.

Can you improve your brand using Twitter?
Can you increase website traffic?
Can you expand your social network?

The answer to all these questions is YES, absolutely!

I found an incredible tool that allows you to grow your Twitter account with targeted followers, who are looking for what you are marketing or selling. This is all hands free. I have tested many of these so called hands free systems, and this one by far is the most advanced and most effective.

Give it a shot…….
http://bit.ly/bQq8vG

Happy Marketing,

Gerry Schroeder
http://www.gerryschroederonline.com

Skype: gerry.schroeder
Office: 705-524-1286

Gerry Schroeder is an expert online business builder and MLM marketing coach in the Network Marketing Industry. He assists others with creating their true wealth working from the comfort of their home.

Get your free Secrets to Marketing in 12 Steps. You will be added to the Gerry’s newsletter for up coming trainings and success strategies. Just fill out the form above.

Network Marketing Success, Internet Marketing Strategies, Profit Exploding Skill Set Mastery Training, Attraction Marketing Simplicities, Lead Generation

Recruiting in Network Marketing

There really are many ways to recruit or prospect in Network Marketing. What I want to share with you in the post, is the right way to do it. The professional way. That will allow you to develop a long lasting partnership in your business.

When I first started in my Network Marketing career, I would let anyone join me in my mission to become successful. Was I right, or was I wrong?

WRONG!

In Network Marketing there really are two factors that are important. The company you select to work with and the products or services they have for you to market. You can’t change either of them. You have selected a specific company for a reason, and that is the company you will be building your Network Marketing business with, right? Of course you can have multiple income streams, or in other words multiple companies to work with (I suggest a maximum of 2 or 3). You can also have maybe only one company and perhaps a marketing system that allows you to generate income to grow your primary business. These are called funded marketing systems, or funnel systems.

Actually I am working on a complete system with some top marketers, so watch for it. Second Income Coach (SIC) will be turning some serious heads when it comes to funded proposals or so called funnel systems.

Now there is another important point that most newcomers and even the veteran Network Marketer forgets. You get to decide who you want to work with. Stop trying to sign up everyone you talk to. Find out who you are, and what kind of culture you want to develop in your business and in the people you want to work with. Develop an interview process that steps people through the right hoops and out the end as a qualified partner.

So let me get you started on some top ways to recruit or prospect for MLM!

Should you lie and tell people how easy it is to build a downline? All they have to do is to get 3 people…right? Should you continue to chase down friends and family and harass them to join your business, when they are totally disinterested?

There are many methods and techniques for recruiting and prospecting, and some of them really turn me off. But regardless of what you see the amateur marketers do, there are better ways to recruit and it can actually be fun.

First, the primary thing that you should keep in mind is to find individuals who are actively seeking the answers to a problem that you or your product solves. These people are called your target market. For you to get them, you must focus on a certain area called a niche. After you find out what they want, you place yourself in front of them as an expert using either online or offline methods.

The second consideration is to prepare your offer to your target market. Why should they buy from you? Your offer must be attention-grabbing and have the “what’s in it for me” factor so they will be so interested, that they will want to know more of what you have to offer. This will give them the incentive to take action, which in turn increases the bottom line….your income!

Third, have an effective follow-up system so that you can educate them more about your business or product. The more information that they possess, the less objections you will have when it’s time to close them on the sale.

Fourth, give the prospect social proof. This can come in any form, but the bottom line is that you must have an action plan that will secure their well being. Nothing in the world is better than showing someone the HOW TO. This demonstrates that you are an expert and will lead them to success. It will also answer any fear that they may have
about falling through the cracks and being left alone to struggle.

These are some of the top ways to recruit for your Network Marketing business. Keep them in mind and apply them for a more successful recruitment process.

Consistently recruiting hungry prospects into your business can be challenging at times. Everyone deserves to follow a mentor who has left a clear success path. Join my newsletter for strategies and training classes, that will take your income to the next level.

Happy Marketing,

Gerry Schroeder
http://www.gerryschroederonline.com

Skype: gerry.schroeder
Office: 705-524-1286

Gerry Schroeder is an expert online business builder and MLM marketing coach in the Network Marketing Industry. He assists others with creating their true wealth working from the comfort of their home.

Get your free Secrets to Marketing in 12 Steps. You will be added to the Gerry’s newsletter for up coming trainings and success strategies. Just fill out the form above.

Network Marketing Success, Internet Marketing Strategies, Profit Exploding Skill Set Mastery Training, Attraction Marketing Simplicities, Lead Generation

Multiple Streams of Income – It’s the furture of Network Marketing

According to a recent survey, over 80% of the population are doing it all wrong! They are banking their entire livelihood on a single income. What would happen if that one income stream is disrupted, how would your financial situation look?

Financial experts say everyone must have financial diversity. They understood the risks of only having a single source of income and have written many books and articles explaining that risk. Now you can do this by having another job, or by starting a business. Unfortunately, a large percentage of the world still doesn’t understand the concept of having of business they can work from home. They understand the need for more money for the future and feel investments will get them there. Really??? I mean come on……bang your head against the wall. Here’s the reason people don’t start a business from home……they are afraid to deviate from the status quo for fear of alienating their friends and family.

Many of the decisions people make throughout their lives are predicated on their upbringing. They have been taught to do what their leaders (parents and grandparents) are doing and not to try new, risky adventures. This concept has its roots in early creatures where survival of the individual was necessary for the good of the group. The larger the group, the better the chances of surviving an attack from predators or other clans.

Oh, sorry about the history lesson……. :)

The risk of this style of upbringing is that new concepts are considered exceptionally risky, whether they are or not. Because your friends dictate what is acceptable and unacceptable, new thoughts are quickly ridiculed and dismissed. It takes an unusual amount of effort to share an idea of a home based business with your family and friends. Not that the idea is good or bad, it’s just different and that is unacceptable.

In today’s world, it’s still about working a job for 30 or 40 years and retiring. People who moved between jobs were called job-hoppers and usually felt the wrath of their family and friends. They were ridiculed for failing to stay in that one position. Whether they were able to improve their lifestyle was irrelevant. They were different and that was really not the norm.

People who work in Direct Sales, Network Marketing, MLM, Affiliate Marketing, or Internet Marketing seem to be the people that are disliked the most. Because of the quantity of true scam artists, the salesman is considered a scam artist whether he/she is legitimate or not. These salesmen, because of their nature, are also people that understood the benefit of having multiple products to sell. That way they almost always have something of interest to everyone. This allows them to make a sale when other people that don’t have multiple products to walk away empty handed.

People have to be educated!

Unfortunately, because this concept is different from the traditional, single income source, many people today still don’t understand. They don’t understand that multiple income streams will allow fluctuations in the market to occur without impacting the total income. The more streams of income that exist, the better the chance of having your lifestyle survive market changes. You don’t have to panic because something changes. You also have less financial risk of being laid off or downsized because you are not dependant on only one income source.

The vast majority of today’s marketers are now beening taught to develop multiple income streams for the reasons listed above. They will have a more stable financial picture. They usually will develop a larger gross income. They tend to have a standard of living that is higher than the people around them. Usually they will be risk takers, chasing the new opportunities that come on the market to try and grab their piece of the pie before it gets out to the masses.

Today’s marketers are living in the best financial times. They have the opportunity, and because of online marketing, the total number of opportunities available is almost mind boggling. Any marketer that does not have at least three different income streams is missing the boat. Only marketing a single product or service is grossly inefficient and limits your total income potential. As with the true direct sales person, the more products one can offer, the better the chance of putting money in your pocket.

Happy Marketing,

Gerry Schroeder
http://www.gerryschroederonline.com

Skype: gerry.schroeder
Office: 705-524-1286

Gerry Schroeder is an expert online business builder and MLM marketing coach in the Network Marketing Industry. He assists others with creating their true wealth working from the comfort of their home.

Get your free Secrets to Marketing in 12 Steps. Just fill out the form above.

Network Marketing Success, Internet Marketing Strategies, Profit Exploding Skill Set Mastery Training, Attraction Marketing Simplicities, Lead Generation

Skype Tip – May Be Hogging Your CPU Resources

Happy Marketing,

Gerry Schroeder
http://www.gerryschroederonline.com

Skype: gerry.schroeder
Office: 705-524-1286

Gerry Schroeder is an expert online business builder and MLM marketing coach in the Network Marketing Industry. He assists others with creating their true wealth working from the comfort of their home.

Get your free Secrets to Marketing in 12 Steps. Just fill out the form above.

Network Marketing Success, Internet Marketing Strategies, Profit Exploding Skill Set Mastery Training, Attraction Marketing Simplicities, Lead Generation

Facebook Tip – How To Remove Those Unwanted Applications From Your Wall

Man I am so glad this information was shared with me. This little trick has saved me so much time. It will free up your Facebook wall for the important things. Like building relationships and friendships. You know as well as i do how frustrating this has become! BTW, if you are one of these people that likes to send these Facebook applications….please check with your intended recipient. They may not want them like me!

Happy Marketing,

Gerry Schroeder
http://www.gerryschroederonline.com

Skype: gerry.schroeder
Office: 705-524-1286

Gerry Schroeder is an expert online business builder and MLM marketing coach in the Network Marketing Industry. He assists others with creating their true wealth working from the comfort of their home.

Get your free Secrets to Marketing in 12 Steps. Just fill out the form above.

Network Marketing Success, Internet Marketing Strategies, Profit Exploding Skill Set Mastery Training, Attraction Marketing Simplicities, Lead Generation

MLM Compensation Plans – Investigation is Key!

Would it be OK if I said this is the most important part of your Network Marketing research? Let’s be honest here….you are starting a Home Base Network Marketing Business to make money right? Hence the phrase “Home Based Business”.

It’ not….

home based products
network touchy feely
multi level producting
work from relationshipping

It’s a business. And in business you are there to make money!

Yes….some people start as product users and then gravitate to the business because they simply tell someone else about a good product or service….I get that. However; most people start out because they want to make money!

Alright now that I have that out in the open and probably ticked off many of you that say it’s all about the products….listen closely.

Companies that have been in business for more than 10 years, are there because they have good products or services period! I’m here to talk about the money! Those companies that are new, just getting started, a few years old and growing rapidly are doing so because of hype and the money making opportunity they possess.

You see, start up or young companies attract the folks who do just that. Go from company to company for the fast money. Now is there anything wrong with that? Nope. That’s business and that’s how some Network Marketers operate.

I’m here to shed some light on compensation plans, and educate you before you join a MLM company by asking a few simple questions to your potential business partner.

PLEASE GET THE ANSWERS! IF THEY CAN’T, HAVE THEM FIND OUT FOR YOU. YOU DESERVE TO KNOW!

Now based on the fact that most people start out in the Network Marketing industry on a part time basis, and never really go full time. It should be important to understand how you will be compensated while working your business. When looking for the best MLM compensation plans, you must take this into account. If you as a distributor do not have a reasonable chance of success, your attrition rate will be unacceptably high. Even as a leader, you may then drop out yourself if you cannot sustain sufficient active downlines to create residual income.

It’s all about the work right!

Business Models drive the behaviour in the field so a different approach and a different kind of person is suited to each type of pay plan – binary, stair-step breakaway, unilevel etc. But within those – whichever you choose – there are two essential features which must be considered.

There are companies offering many different types of product but for you to establish true royalty income, consumable products offer the best opportunity. That can be products in the nutriton, home care, personal care and even the technology services arena (like internet marketing tools). Why is this? Simply because products consumed on a regular basis encourage the setting up of a monthly autoship or monthly membership. Your company should offer this. Without it you are severely disadvantaged as there is no guaranteed regular turnover of product.

So the first thing to know is how many people actively ordering product or using services do you require to break even on your own autoship or membership? Those people actively ordering may be regular committed customers or team members. That cost is your fundamental business expense and everyone must expect to pay it. Nevertheless, as most of your team will be part time and possibly on a limited budget, the sooner each distributor can break even the better. Most companies offering consumable products in the health and wellness field have autoships costing between 120 and 250 $US. You should look for a compensation plan in which that break even number is between 6 and 12. If you need many more than that, the monthly financial cost may be too much for many and the resulting attrition rate will be unsustainable. Although your business will grow big through the efforts of leaders, there is a place for everyone in your organization – the leaders, the stars and the product users!

The second thing you must be clear about is how many people do you need in your downline to earn 10K per month of residual income? That is a good benchmark figure. Most Network Marketers have absolutely no idea on this one. But if you don’t know that, how can you plan your business development? You will need to crunch the numbers for this and I highly recommend you do it with your potential sponsor or business partner before signing up. If he doesn’t know, which is highly likely, look to someone else in the company for the information. Do not allow yourself to be given the brush off here. It is a vital piece of information that you must know.

The industry average is around 1500 – 2000 customers or product users to earn that magic figure of 10K. How likely are the part timers to get anywhere near that? Not very. And that figure can be a lot higher but it can also be lower in certain companies. Even if you are looking at a company where the figures are around 2000, you may choose to go ahead with them. There might be other factors that you feel outweigh this, such as a particularly strong product range or the support and training offered for example. However those numbers are crucial and you should be clear about them. Remember of course, that figures like that depend on factors that will differ in practice to theory, but get a good solid ball park number.

There are certainly other important considerations to look at before committing yourself to a company, but I believe these two factors should be on your list of important questions to ask your potential sponsor or business partner.

You may not have a good head for figures, but you will be glad you asked the questions and got the answers to the questions. Breaking even on autoship and knowing your target for 10K per month are key factors.

Happy Marketing,

Gerry Schroeder
http://www.gerryschroederonline.com

Skype: gerry.schroeder
Office: 705-524-1286

Gerry Schroeder is an expert online business builder and MLM marketing coach in the Network Marketing Industry. He assists others with creating their true wealth working from the comfort of their home.

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