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Page 1: Report 7 Your Wealth Network - Amazon S3s3.amazonaws.com/Mentis/VOgenesis/dldl/YourWealthNetwork.pdf · Herbalife Lyoness PM International USANA It Works! Global Melaleuca Seacret

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Copyright © 2015 Success Vantage Group Pte Ltd

All rights reserved.

Published by Jenny Lewis.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any

form or by any means, electronic, mechanical, photocopied, recorded, scanned, or otherwise, except

as permitted under Canadian copyright law, without the prior written permission of the author.

Notes to the Reader:

While the author and publisher of this book have made reasonable efforts to ensure the accuracy

and timeliness of the information contained herein, the author and publisher assume no liability

with respect to losses or damages caused, or alleged to be caused, by any reliance on any

information contained herein and disclaim any and all warranties, expressed or implied, as to the

accuracy or reliability of said information.

The publisher and the author make no representations or warranties with respect to the accuracy or

completeness of the contents of this work and specifically disclaim all warranties. The advice and

strategies contained herein may not be suitable for every situation. It is the complete responsibility

of the reader to ensure they are adhering to all local, regional and national laws.

This publication is designed to provide accurate and authoritative information in regard to the

subject matter covered. It is sold with the understanding that neither the author nor the publisher is

engaged in rendering professional services. If legal, accounting, medical, psychological, or any other

expert assistance is required, the services of a competent professional should be sought.

The words contained in this text which are believed to be trademarked, service marked, or to

otherwise hold proprietary rights have been designated as such by the use of initial capitalization.

Inclusion, exclusion, or definition of a word or term is not intended to affect, or to express judgment

upon the validity of legal status of any proprietary right which may be claimed for a specific word or

term.

The fact that an organization or website is referred to in this work as a citation and/or potential

source of further information does not mean that the author or publisher endorses the information

the organization or website may provide or the recommendations it may make. Further, readers

should be aware that the websites listed in this work may have changed or disappeared between

when this work was written and when it is read.

Individual results may vary.

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Content

Introduction................................................................................................ 4

Network Marketing - Looking "Under The Hood" ..................................... 6

Once Nondescript Owners of A Chain Of Retail Stores, Now An Emblem Of

Success ....................................................................................................... 9

Why Network Marketing? ........................................................................ 10

Which Network System Is Best? ............................................................... 14

From Rags To Riches ................................................................................. 18

How To Start Network Marketing ............................................................ 20

How To Succeed At Network Marketing .................................................. 25

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Introduction

Welcome back. You have reached the final Report of this series!

In this Report, you will discover yet another revenue stream that does not come from selling

things stored in your home, knowledge stored in your mind, or wisdom stored on blogs of

the internet. Income discussed here is derived wholly from talking with people.

That’s right!

You are about to discover that you can make money simply by sharing news about

something with other people and then helping them share the same news to other people.

The concept has been around for half a century and predates personal computers. If you

think it is "network marketing", you have thought correctly.

For most people the words, "network marketing" carries a sensation of feeling.

This is because the business is a people business, and it is often emotionally associated with

individuals with whom there may have been prior experience. This earlier experience may

have been good, and it may not have been so good. Either way, emotion is always involved

because it’s a people business, and it’s full of personality.

If you want 1 year of prosperity, grow

grain. If you want 10 years of prosperity,

grow trees. If you want 100 years of

prosperity, grow people.

- Chinese proverb

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If you have heard of the following names, then you may know they are highly respectable

network marketing organizations:

Ambit Energy

Amway

Isagenix

Nu Skin Enterprises

Organo Gold

Besides them, there are many other organizations, of which we provide just a handful here:

4Life Research Jeunesse Global MonaVie Mynt Synergy

Worldwide ViSalus Sciences

ACN Juice Plus+ Nerium

International Talk Fusion

World Global Network

Forever Living Products

Legal Shield OneCoin Total Life Changes

Zijia International

Herbalife Lyoness PM

International USANA

It Works! Global Melaleuca Seacret Direct Vemma

For those who are looking for a fast, get-rich method to wealth network marketing is not

nearly as effective as trying real estate or high-risk investments in stock options.

However, for those who can exercise the principles of stamina, perseverance, and

determination (in other words, simply refusing to give up), this revenue stream has the

potential to be a lucrative opportunity that just grows and grows with time. There are

simple tools to practicing this art and once you master them your chances of success are

usually highly rewarded.

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Network Marketing -

Looking "Under The Hood"

With all the excitement, and in some cases, misinformation, over this revenue stream, it

makes sense to grasp the network marketing system before getting too far into the

discussion. So, let’s take a moment to "look under the hood" of network marketing to see

how the "engine" of the business operates. After all, as an income stream, you want to

know how the thing "runs".

First, remember this business system was originally developed long before personal

computers were invented. It uses the barter system.

Bartering is as old as the Mediterranean merchants who serviced the ancient Egyptians.

Simply, bartering is doing a favor for one person in return for another favor. It originally

replaced the need for exchanging money, but today it is used as a way one individual can

thank another for increasing the value of his trade or business.

Let’s try an example:

Consider going to your Uncle Wilson’s street corner

novelty store where you find he has a coffee café that

serves superb coffee at below market price simply to

draw clients to the store. So, you decide to tell your

friends at work that they can stop by that store on the

way to work for their morning coffee and get a great deal!

All of a sudden, Uncle Wilson starts seeing business build

because people are not just buying the coffee but also

grabbing something profitable while they are passing

through the store. Uncle Wilson offers you "thank you"

rewards of 25% commission for each of the sales he earns

as a result of any sale you send to his store. All they have

to do is mention your name. Soon, you are receiving a

wonderful, monthly payment from Uncle Wilson. All you

did was send out announcements to everyone at work

and on your social network to mention your name as they

visit his store.

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This concept is affiliate marketing.

It started with the Mediterranean merchants, and then network marketing adapted it. The

affiliate marketing method of network marketing must be successful because there are even

companies on the internet, such as Amazon, that were invented because of it.

So, how do the Mediterranean merchants, "thank you" rewards and network marketing all

fit together "under the hood" of this business system’s machinery?

Network marketing involves people. Okay. You know that already. It involves people who

are excited about a business opportunity; because it has a terrific product or service, and

who simply want to tell a few other people about it.

That’s it? That’s pretty much it.

Still, the approach used by almost all the network marketing companies today is a marketing

or business opportunity approach.

Better defined, this means people given the "privilege" to hear about the business are

offered an inside view through any number of portals. They can be a flash drive, an SIM

card, a DVD, or an access code to a business website. This offer requires the individual to

respond to the request or accept the offer to receive the information to view.

If they don’t request the information, they don’t learn about the opportunity and the

network marketer does not invest time marketing to that person. But, for those who do

express an interest, these special people are given the opportunity to learn about the

business.

At this point an introductory membership, usually $50 - $100, is offered. The membership

includes advanced materials to guide them through the process to present the same

introductory process to two other individuals. Membership also promises the new entrant

wholesale prices to purchase all the wonderful products that the network offers, which was

the original enticement for joining.

Network marketing is a people business.

Thus, with new membership comes sponsorship. So, the new member is not left to attempt

sharing the "good news" about the networking opportunity to two other individuals without

strong support. No! The sponsor is obligated to do that task for the new member!

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The sole task of the new member is identifyingtwo new people, and then getting the three

(candidate, new member, and sponsor) linked so the sponsor can introduce the business.

This entails listing about 100 - 150 contacts from personal encounters and making the

introduction to the sponsor. It is then the sponsor’s task to share the "good news".

Once two people from the list of 100 - 150 contacts have been added to the network

marketing membership, the new member is finally allowed to begin presenting the network

market on behalf of these two, new members.

These two soon sign on to the network their own two new members, which mean the

original member now has six "downline" distributors in their business. These six distributors

begin purchasing small amounts of the company’s product and this creates multiplied

affiliate commission (or "thank you") revenue for the original member.

The focus of network marketing is marketing a business, not selling products.

The idea is the products sell themselves simply because they are high quality and reasonably

priced for frequent purchase. As a result, network marketers do not need to worry about

personal embarrassment, which is a feature of performance sales.

Instead, network marketers are interviewing or marketing for business positions with their

personal business. In reality, these new distributors will become the backbone of the

network, so it really is an interview.

Thus, it may take a little while to find the two suitable distributors out of the list of 100 - 150

initially itemized. It would be statistically improbable to find these two individuals with the

first two attempts. For this reason, the simple characteristics of stamina, perseverance, and

determination (mentioned earlier) are required for true success in this business!

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Once Nondescript Owners of A

Chain Of Retail Stores, Now An

Emblem Of Success

At one point, John and Giselle Sexmith were no different than most everyone else.

They experienced overwhelming debt, business stresses, and a dream that was not getting

fulfilled. After all, the Sexmiths owned a small chain of retail stores and the headaches were

enormous. It was 1985, and they were open to new opportunities. Then, a friend introduced

them to a new business opportunity, a company called Nu Skin Enterprises, and after

depositing $50 for membership, the rest is history.

John and Giselle found their inner drive to help others and deployed that to build success in

others who joined their network, Global Partners Network.

They had no special education for this sort of thing.

They had no background in network marketing.

They certainly did not have all the contacts that they thought they needed to build a

successful network business.

Most of all, they had no time, because they were still operating the small chain of retail

stores, and raising five children.

Over time and with a focus on productive actions, the Sexsmiths quickly realized a life of

financial freedom, personal freedom, independence, and choice.

Today they are classified by Nu Skin Enterprises as "NTC Ambassador" and "$20 Million

Circle" earners, averaging $175,000 in personal, monthly revenue. Another top distributor in

their network is their son, Jonathan.

International online training and support are regular features of John and Giselle as they

teach and inspire others to live a successful life, a life that most people only dream about.

You can read more about John and Giselle’s success and their recommendations for your

success in their book, "Networking the Natural Extension of You".

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Why Network Marketing?

Why network marketing?

Risk.

More precisely, the absence of risk.

You may or may not have ventured into the world of

entrepreneurship before. If you have, you know it

requires getting a detailed business plan, presenting it

to investors, getting funding from at least one and

hopefully more than one investor, and finally opening for

business. Then, there is the stress of satisfying those

investors for you to prove you have designed a superb enterprise.

With network marketing, you don’t have any of that risk.

Instead, all you have is an access or membership fee. The expense is sometimes $50 but is

usually about $100 - 200, which provides access to the marketing resources and wholesale

prices needed to make an entrepreneurial success. Of course, there are never any true

guarantees in life, and network marketing never hands you success on a silver platter. You

must provide the stamina, perseverance, and determination to see your own business

within the network through to success.

It would not be fair to say that network marketing products, as well as their services, are not

in high demand.

Quite the reverse.

The very design of each network marketing plan is to provide its distributors with products

that literally sell themselves. High quality, reasonable price, and rapid turnover are the

descriptions of any product sold by network marketing thus assuring you maximum

opportunity for success.

So, look at the network market you are considering exploring into. It is a life-long business

relationship. Ensure you find multiple benefits for you and your customers. You must be

personally captivated by its product’s value.

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The secret to network marketing is its residual income. It pays while you sleep!

Music writers and movie actors enjoy residual income through royalties. Your utility

companies don’t hesitate to charge you each month a residual fee for their having built all

the waterway and electrical power grid infrastructure. Even pharmaceuticals enjoy a

residual in their prescriptions to recoup much more than the cost of their research for

bringing it to market because they get to add the costs of every attempted effort that never

went to market.

Put briefly, residual income is the money that you receive in return for your affiliate

marketing efforts, described earlier with the example of Uncle Wilson.

But now, you are not just introducing a corner shopping store’s great coffee and novelty for

a royalty "thank you". Instead, you are with network marketing enjoying the residual income

from the new distributors who decide to join your network and then begin purchasing a few

network products.

When you start a career, whether it is in computer science or law or medicine or heating

and air conditioning, you have a good idea what your income opportunities will be. The

markets may influence the categories and their upper limits over time. If you are in the

military or the government for your career, your income is defined in great detail. An

enterprise built using the network marketing model has no ceiling, no upper limit, no money

cap.

When you learn and adopt the skills needed to be a gifted network marketer, you

experience limitless income potential. Revenue is capped only by what you set in your mind

and psyche. The skills for successful network marketing are not required before entering the

business. That is the task of your "upline" sponsor to teach as it only reinforces income for

them!

All businesses thus far described in these reports have had one thing in common.

Success creates monumental demands on a

staff of one. Thus, monumental growth in

most entrepreneurial models requires one

to draw upon private contractors and

employees. The enterprise becomes massive.

Then, you must decide to divest yourself of

parts of your success and allow others to

manage the business while you enjoy the

residual income.

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Network marketing as a business model starts from the first day divesting the workload to

separate businesses. Each of your downline distributors owns their independent marketing

enterprise, which you draw residual income. This system resolves the top-heavy issue all

successful enterprises eventually face as the founder divests the business into residual

income and moves on to another business idea to create. Simple, clean, uncomplicated,

efficient.

Older model network marketing businesses had one major flaw - inventory.

Each distributor, once signed onto the network, was provoked and prodded to feel guilty

into purchasing a large start-up inventory of products that were then somehow supposed to

be sold. In the end, each distributor found the process was all about selling the product to

the distributor and ended up using each of the products for themselves.

Most of today’s network marketing organizations follow a no-inventory business model.

Why? The focus has changed from sales of product to marketing of the business.

New members invest their effort getting interviews of "worthy" individuals to join and

experience the same value and benefits they share. The high quality, rapid turnover

products are purchased for distributor use, only. Those few individuals who become only

customers are simply those who find they like the high-quality products but don’t choose to

participate in the network membership.

Network marketing has been able to shift focus from a sales model to a marketing model

because technology has removed the need for distributors to be the local warehouse. Today

we have the internet and drop shipping, web conferencing, and high-speed internet chatting

by smartphone. This technology has erased most operating costs that were once a major

barrier to entry or initial success.

Once the new distributor’s list of contacts is linked to the upline sponsor, their assertive

support usually generates rapid revenue to recoup start-up costs. This strategy streamlines

each new entrant past the unconvinced or hesitant first stage.

Networking becomes easy, after that, as downline distributors leverage the power of the

first person through each of the other distributors. Sales managers depend on the leverage

of salespersons to do their selling for them so they can get large commission payments.

Networking deploys leverage using the much more efficient marketing model, helping new

distributors create businesses and satisfying customers with products they truly need.

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The erasure of local inventory has given network distributors the freedom of portability.

Armed with smartphones and internet technology entrepreneurs can market their business

opportunity to whomever they interview, wherever they are. Regardless the location of the

potential entrant to the network or the established distributor, the network remains as

portable as the internet will permit.

Network marketing, like all other entrepreneurial projects, has wonderful taxation benefits.

Unlike employment income, earnings from network marketing are subject to business

deductions. Costs of doing business are usually appreciated by federal and local

governments and discounted in their tax code.

Happiness is often defined as freedom.

Freedom from oversight, freedom from

financial obligations, freedom from

health or fitness limitations, freedom to

spend time with family.

Network marketing is one of the few

entrepreneurial business models with a

proven track record of over half a century

that produces a lifestyle of happiness,

which is independent of the financial

rewards. Networking depends on people

who constantly support and find ways to

help each other achieve success.

No stronger source of happiness is found than in a family that continually grows to ensure

the individual is never alone.

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Which Network System Is Best?

Obviously, this Report cannot tell you which network to select to dedicate your income

efforts.

After all, aligning with a network requires a little homework because your choice in a

network will be equivalent to marriage. You will be wedded to that network for the next

twenty or thirty years. Why?

The entire income stream of networking depends on building a team, a network of similarly

minded distributors who sell the same product that you sell. The product is necessarily

priced reasonably low and designed to be sold with high frequency to generate strong,

stable sales. But, still it is the people you endorse to join you along the way to enjoy the

same benefits that you enjoy who will be the scaffolding that supports your growing empire

of passive income.

You will not want to walk away from that steadily climbing revenue stream anytime soon or

in the future!

With that in mind, there are a few key considerations before you make the plunge.

First, you will want to get a good grasp of your intended networking company’s market. This

means you want to know what it sells, the products and services, and to whom. More

specifically, you want to know how products and services are distributed to people, such as

to distributors only or also to open market customers.

Ensure the income from selling products to the open market exceeds that of income

dependent on product purchases by downline distributors. Similarly, the profit of the

network must be in the products, not in the membership fees of new distributors.

Observe that no two network distributorships are structured the same. Some offer a binary

system that requires the new entrant to sponsor only two distributors and then build a

network downline from those two branches.

Binary systems offer programs in retail or wholesale that have different sets of benefits and

services to both the distributor and the customer. This business structure, unfortunately,

permits a few branched networks of the organization to employ business practices that are

not aligned to legal, corporate mandates.

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The oldest and most stable network structure is something called a stair-step or breakaway

plan.

The beauty of the breakaway plan is your commission rate

increases as more downline distributors are added.

When a critical mass is reached for a downline to

become independent, and direct a network division

of their own, they break away.

This plan depends on downline distributors

performing all the sales and obtaining all the new

distributors while the upline distributors invest

their time feeding the network with positive

feedback and success coaching.

Forced matrix networks are a heavily teamwork-designed structure.

Applying the model of a matrix or grid, new distributors enter the business along a direct

link to the original distributor. Then, after the initial grid or structure of direct distributors is

filled, succeeding distributors then are added downline to the original matrix team. There

can be a high investment in money and time before true rewards are realized, depending on

how the contract and business model is structured.

Still another network model is the unilevel plan.

This structure, designed to be easy to explain to new entrants, offers a flat commission rate.

Ranking for inner circles and higher commission rates is eliminated. This concept was

thought to be fair, but it forced distributors to remain "shallow", seeking more and more

directly linked distributors rather than assisting downline distributors to build their

businesses.

Most unilevel organizations have adopted a hybrid that applies varying compensation plans

such as the following:

Fast start commission - A fast start commission is given for a predetermined dollar

(or quantity) amount of product sold by a new distributor or specific revenue-earned

amount during their first months in business.

Pool bonuses - Pool bonuses are a small (incentive only) pool of money distributed to

those distributors who reach a preset level of productivity.

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Infinity commissions - Infinity commissions are given for the collective productivity of

the network. Infinity commissions are an attempt to restore the unilevel to a

breakaway network structure.

Do invest time reviewing your prospective network to see how you receive your earned

money and how your team of distributors collect their revenue to sustain your overall

revenue stream. Do ensure that the payment plan the network marketing company uses is

secure and fair.

It’s perfectly acceptable to challenge the network recruiter with detailed questions during

the presentation. You are committing to a contract that will easily invest more than twenty

or thirty years of your life. And, you are within your rights to ask to have a lawyer review the

membership contract if, after fully reading the document, you want a second opinion.

Management of the networking company is critical.

These individuals sustain the marketing system’s stability as well as the way new products

and services are introduced to the market. You do not want to select a network market that

has an ethical or corporate accounting complication that results in people suddenly

abandoning the network and collapse of your revenue stream. You can monitor this, if it is

based in the USA, by checking the company with the Securities Exchange Commission (SEC),

scanning each of the state’s Attorney Generals’ offices, and reviewing for reports in the

Better Business Bureau.

Rapid turnover of products and services is the secret in network marketing.

So, select a company that has a system of products and services that you and your

distributors can sell with little to no effort and sell over and over again with rapid repetition.

Good examples of easy-to-sell, good-quality, high turnover products are:

Jewelry.

Perfume and cologne.

Vitamin supplements.

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Other high turnover examples include basic food items packaged as gourmet such as coffee

and restaurant vouchers. The principle of selecting a networking system is to find a product

or service that you personally like so you have no difficulty representing it. Your downline

distributors and open market customers will quickly detect an individual who does not

believe what they are selling.

It cannot be emphasized enough the importance of corporate management stability and the

leadership of your upline distributors. You will be entering the network somewhere midlevel

and thus be subject to the corporate culture of the network branch in which you join. So,

both the corporate and "line" management must have your success as their desire for you

to select that network market.

Use the following factor to calculate your return on investment, which is the best common

denominator for measuring network markets. Document immediately the number of

individuals you need to enroll into the network before you can collect any revenue. Most

respectable networks require no more than two individuals to enroll before you can collect

income, and you should not settle for anything less!

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From Rags To Riches

Organo Gold was not the first thing on Holton

Buggs’ mind as a young boy in the projects of

Florida.

His mother invested the bulk of her time living a

single mother’s life leaving her son in

substandard day care so she could work. The day

care worker preached to Holton that his life was

essentially like that of a chicken in a chicken coop

as she watched soap operas all day.

Instead, Holton Buggs wanted bigger and better

things out of life and chose to start the

entrepreneurial life at the age of 14. He chose

hair cutting as his first enterprise and then

branched out to selling candy. From there, he

learned the concept of leveraging his assets by

getting other people to sell the candy for him and

hired a dozen children to duplicate his efforts.

Holton Buggs was able to get an engineering degree in college, which opened doors for him

to start a furniture business. He chose this because he saw store ownership as more

lucrative than flat income as an engineer. Still with the complications of a brick and mortar

business that is subject to the downturns in the economy, Holton Buggs soon found his

furniture store out of business. At this time, a friend suggested the concept of network

marketing to step out of the limitations he saw himself currently facing.

Holton Buggs learned four key mantras from his billionaire mentor as he slowly started to

grow his Network Marketing business:

First, he learned one never gets what is wanted, but rather what is pictured. When

you are looking down, you will miss all the opportunities waiting for you above.

Instead, you will only see life as it exists below… it is that sense of fear you

experience looking down while walking along a high ledge.

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Second, he learned in advance that much must be invested to reap a huge harvest

later. He describes the Chinese bamboo tree, which is noted to invest years of

subterranean root growth that makes it appear dormant. But instead, this

investment of initial root growth permits the tree to explode vertically in just a short

period

Third, he discovered that you only attain the level of your expectation. Therefore,

seek a mentor who has already mastered what you desire in life and emulate

everything that person says and does to recreate the experience.

Fourth, he learned that without vision, hope is lost, and the past, with all its

inevitable failures, becomes the focus of constant review. This is an extension of a

similarly worded Proverb in 29:18 - "Where there is no vision, the people perish."

Holton Buggs learned much from that network marketing organization, except there was

one problem.

It suddenly struggled with ethical complications in the news that destroyed sales and

undermined Buggs' network of distributors. He had another friend who had recently

introduced him to a relatively new company that sold a novel product, which met the "low-

cost, frequent replacement (high turnover)" criteria of a successful network marketing

product. Organo Gold sold supreme quality coffee.

Holton Buggs is no longer living in the Ponce De Leon projects in Tampa, Florida. Now, he is

Vice President of Organo Gold. He managed to enter the company when it was relatively

new and work hard growing his network of distributors into a large component of the

overall business.

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How To Start Network Marketing

Holton Buggs just makes you want to leap off your chair and sign on with your favorite

networking organization, doesn’t he?

You have already learned about the different network systems and probably have a good

idea which system appeals most. Here are what you do next:

STEP 1:

That leaves open the most obvious first step: find the right company that matches the

network system you desire. Use some common sense in addition to the instructions

provided earlier.

An organization that has only been in operation for five years or less is probably not one

that is best suited for risking a twenty-, thirty-, (or more) year investment. Yes, they may

advertise that you are entering at their company’s foundation and have the chance to grow

with them. But, this is not always wise especially if they are still privately organized and do

not yet appear on the public securities exchanges where financial statements must be made

transparent every 90 days.

STEP 2:

Your second step, once deciding on the company that will support your network of

distributors, is to find a good mentor.

This person may or may not necessarily be your direct sponsor, but they should be direct

upline to you. That way, the mentor has an invested interest in ensuring you succeed. That

mentor will be your ever-present source of positive energy and dynamic insight to build

your business.

STEP 3:

The third step is obvious.

Networking involves products, which you

must know, inside and out. You must become

an authority on your products to give them

validity to your customers. The truth is always

credible. Ignorance is quickly detected.

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It’s the products that produce the real revenue, not the memberships of new distributors. If

it’s the other way around,you have chosen an unstable organization, and you want to look

elsewhere.

STEP 4:

This brings up the fourth step. This is your most important and often overlooked step that

separates successful from unsuccessful entrepreneurship: a business plan.

Remember that despite the fact that you are joined to a marketing organization you are

building your own networking business. You want to establish a pace, part-time or full-time,

that is consistent with success given your current conditions and personality. It will have its

own identity and its culture like Global Partners Network, which is the corporation created

by John and Giselle Sexsmith within Nu Skin Enterprises. Most forward thinking networking

entrepreneurs establish a corporation of some kind as soon as they see their introductory

phase become a true business.

So, ensure your business plan has all the essential features needed for success. These

include:

Mission and vision statements (long term goals).

Credos, to give definition to the mission statement.

A definition of the intended market.

Document how your network organization and its products and services satisfy the needs of

your market. Then analyze the market to understand the impact of competing products and

services followed by writing a sales plan that overcomes this competition. Include both the

networks that may compete directly and suppliers of products and services outside the

network marketing system.

STEP 5:

Education is key to the entrepreneurial success of any

specialty - It’s your fifth step.

Network marketing is no exception. There are unique

features to networking that make the business more

productive and learning these skills is your gateway to

success.

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It may be webinars. It may be conferences held locally. It may be internet-based software

that enhances your networking business effectiveness.

However you receive the tools to work your business better, reach out and get them! Each

educational encounter provides you new mentors and new resources for success.

STEP 6:

Your sixth step is lead-building.

Just as you learned in Report 2, the importance of building an internet registry of people

who use your blog so it is with finding the lifeblood of network marketing: leads.

Leads, on average, produce about one to two distributors for every 100. So, you need a

strong supply of leads from many sources.

Try your social networks online as a first start.

YouTube is a superb place to keep your webinars and it also offers a chat service to redirect

people to your website and answer their questions. Don’t forget the local group networks,

which uncover like-minded individuals. Branch out into local advertising, but consider

internet advertisements as well.

Some freelancer sites will permit solicitations if projects are defined as clear jobs, which

permit individuals to interview for the network organization. Still, you are best served

developing yourself as an authority about something that people will listen. If you are not

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presenting YouTube webinars, give local event presentations and then casually reference

your products (that you have studied well) as part of your presentation.

Often community service events are where people gather to experience new things as are

church- or mosque-related functions. Many distributors use their original trade or

profession, such as electrical engineering or medicine or air conditioning repair to command

an audience.

The straightforward telephone call is also successful if you remember the "1 - 2 distributor

in 100" rule.

Still, it is the face-to-face contact that has and continues to garnish the most success. With

that in mind, do ensure you have a business card or an electronic business card memory fob

for others to scan and upload with their smartphones. Remember, you are marketing, not

selling, and these individuals will contact you if they are interested.

Still, do not ignore the lessons learned in Report 2:

Have a company blog online to promote your network.

Do follow up with your contacts using an auto-responder email and invite them to

learn about the business when people visit the site, leaving their name and email in

return for something of value you have given them.

Learn the concepts of the elevator pitch. This critical marketing tool, usually taught

by networking organizations, seeks to display the most important features of the

organization to a prospective candidate in as little as 45 seconds. Still, most leads

require more than one introduction to achieve a successful conversion to join,

purchase, or decide on anything as they consider the proposition. So, do ensure you

repeat your presentations at least once!

STEP 7:

Your seventh step is adding new members to your network.

Employ a marketing approach that interviews prospective candidates to join. Hallmarks of

individuals who usually succeed in this business are those who relate well with others,

demonstrate a teamwork spirit, and understand the basic principles needed for selling

products and services.

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Your mentoring these new members will take a time commitment.

Your time, however, is invested in individuals who will produce income for you. Your

network is a team. A team takes the time to put together, make it structurally sound and

watch it perform well. Do ensure you are with a network organization that provides

sufficient commissions to your downline distributors that will promote your success.

STEP 8:

Your eighth step is to ensure you satisfy all legal and governmental obligations of your

business.

As an entrepreneur, you are operating an independent organization within the network

market. It must pay federal, state or province taxes.

Investing in a quality accountant is usually wise since time-management principles dictate

that your time is better suited to marketing your business.

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How To Succeed At Network

Marketing

Honesty is the best policy.

Honesty requires nothing for an excuse and is always

interpreted as a sign of value. When approaching the

business of networking, remember the principles of

stamina, perseverance, and determination.

Set measurable milestones to reinforce reasonable

goals.

This is an enterprise that slowly starts. Many

distributors resign within the first 90 to 180 days and

declare the business model a failure without trying.

But with time, effort, and dedication to the teachings of strong mentors success is fully

achievable. This is not a straight line business model but rather an exponential one. Holton

Buggs’ description of the Chinese bamboo tree’s lifecycle best describes the imagery needed

to see the growth model.

Clear and valued incentives for customers are the foundation for success.

Remember your customers are both future network distributors and product customers.

Seek to promote benefits for others rather than sales features of the system. Benefits alone

are what will trigger value in the consumer, so that must be the focus. Resonating benefits

that the other person wants elicits an emotional response that enables a commitment to

ownership.

Your network of distributors is your lifeblood.

Seek reliable partners to share the building together of your business. These people are

your assured growth. Create for them from your business plan a clear mission and vision

that will define your marketing strategy. Hold to that vision and keep everyone in your

network attuned to that focal point.

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Protect your business with sound accounting. Maintain your taxation obligations. Your

downline distributors will depend on your stability as much as you depend on your upline

sponsors.

Above all, remain current with updates within your network organization. This speaks to

both your knowledge base on the products and services and supporting your network’s

distributors.

Begin your business with the full knowledge that you will not convince everyone to join the

market network or purchase your products. You are happy when you get one or two people

to sign onto your network for every 100 to whom you mention the business. You will not be

frustrated when 90% of the audience appears disinterested because that is a statistical

reality.

Instead, you are only interested in those people who have demonstrated an interest and

have reached out to you to learn more about what you have to offer. This is the most

positive culture to operate a business because you are only working with a clientele that

expresses an interest.

Success means remembering this is your independent business. You are an entrepreneur.

For this, you have control over your own time. That means you must exercise your discipline

of time management.

Time management includes things such as:

Setting the workload so that it does not overwhelm you or cause you to burn out

before you start to see the exponential growth that comes only with time.

Scheduling quality time to relax with the family.

Recharging your body’s reserves.

Eating balanced and nutritious meals, remembering to exercise moderately along

the pathway to success.

Many of the network organizations offer products that assist in protecting your health so

use your own company's products wisely!

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Approach the process of reaching out to leads methodically. With a thoughtful plan, you can

conquer the network system and retain plenty of air to breathe! Try a plan that invests six

hours a week with one day off. If you think you can manage ten hours a week and work for

90 minutes a day, set that as your maximum limit.

Your mindset should be to follow measurable milestones that you can and will achieve. So,

go ahead and set $200, maybe $300 as your first financial milestone. This is your first

month’s paycheck! Remember, you want to see success, and attaining success requires

meeting and exceeding your expectations.

For your first month, you might not have 100 - 150 contacts to give the sponsor, let alone

yourself. You set a milestone for only 30 leads who you think might have an interest in the

network.

Meanwhile, you collect your starter membership materials that you will use to present the

business to these individuals. It may be a brochure, an access code to the internet for a

webinar, a thumb drive or a DVD. In today’s market, the DVD is less likely to be offered as

many people don’t have DVD drives. Nonetheless you commit to get these into the hands of

30 new leads (you are now at 60 leads) at a rate of about one per day so that by the end of

the month they are all given away.

Now, you prepare from the original list of 30 leads. You use the other starter membership

materials that present the business using a brochure, an access code to the internet for a

webinar, a thumb drive or other format. You package, prepare, or process these such that

you send them directly to the original list of 30 leads. Once sent, you send a notice to these

people to expect the information and give them an approximate time (five days) when you

will contact them to get their feedback.

Applying a marketing approach (not a sales approach), you interview these 30 leads at the

five-day mark from expected receipt of the information. This tactic suggests you let them

give you feedback about the presentation of the network marketing plan. You are wise and

understand that those who are truly interested will be getting the full presentation from

your sponsor. All you do at this time is schedule the few that show an interest and say a

hearty "thank you for the feedback" to the others!

Now, with the one, maybe two, people who have shown an interest, you schedule them to

meet with your sponsor. Your sponsor may present by the internet or in person. Either way,

your task is completed! It’s the sponsor’s job, now, to clearly present the business!

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Do note that you are only expecting at most one person from that original 30 people to

show just an interest in the business. You still have the other 30 leads that you are handing

out materials or uploading or contacting each day of the next month. These may yield the

other person who demonstrates an interest. Again, statistics reveals only one or two out of

100 will be responsive and join the organization. So, with this knowledge, hope is on your

side!

Once you have built the comfort and knowledge base needed to present the network

organization, you will want to move ahead faster and present the network without the aid

of your sponsor. Still, you will find that your sponsor will strive to support you vigorously

since your success is their success. This means more guidance and mentoring are offered to

improve your number of leads from the original 60 to reach 100 - 150 and beyond.

You will learn more and more tools to make your contacting leads easier. Again, you

remember that only a few individuals respond positively. Of those who do respond, you

must present the business at least twice, as humans are distrustful to a fault and require

hearing and seeing the truths of your business additional times just to understand it clearly.

Your sponsor will help to remind you of these realities. The most important reality is that

you only need a few downline distributors to directly join your network. The remaining leads

you support your downline distributors is to build their network, which in turn increases

your network. Then, each distributor in your network receives a commission for each

product sale, and as your position in the network builds, your commission rate similarly

builds.

Now, with a structured network constructed downline to you, you have affiliates who feed

your network. You become the strong, supporting sponsor. You provide clear vision and

mission to your network. You support your distributors, so they never feel abandoned.

Your network is now established, and you receive and provide an unbroken flow of

education to your downline distributors. Your support to them is a lifelong system of

rewards to you.

As an established sponsor, you move to a format that includes weekly guidance for your

directly linked downline distributors. This ensures they maintain your network’s mission and

vision while keeping them attuned to the latest product and educational opportunities.

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Meanwhile, you attend weekly to your new downline distributors who have just joined for

two functions:

First, you service their needs to learn more about the organization and overcome

customary obstacles found in the first few months of orientation.

Second, you assist these new downline distributors as their sponsor to introduce the

network to contacted leads.

With that, we have come to the end of the seventh, and last, Report.

As you can see from these seven Reports, there are so many avenues to wealth, be it

blogging, network marketing, making crafts and so on. So, plan well ahead and blaze your

way to wealth!

We hope you enjoyed this series as much as

we do in crafting it specially for you!