Most People Quit Network Marketing Within 90 Days
It is a fact that most people that attempt to start a network marketing business fail and typically are out within 90 days. I believe the reason for such a high failure rate is because of fear. People don’t like getting rejection and in particular being rejected by their friends or family. When the new marketer approaches their friends and family and get rejection they frequently believe they are not cut out for sales.
Seven Words “I Will Help You Build Your Business”
Online marketing is often a much better fit for people simply because they are not getting rejected by people that they know. Still, I believe an eclectic approach is better. So how does the new network marketer avoid becoming a statistic in that first 90 days? While there is no guarantee anyone will succeed, telling your new business partner that you will help them with their business can make all the difference in the world.
Begin With Your Warm Market and Then Move To Your Cold Market
If you can help your new network marketer get an immediate paycheck they are far more likely to stick it out. Get your new distributor/rep to create a list of 20 to 50 names and phone numbers that you can call together. Once he has gone through his warm market [people he knows] then you can start showing him how to prospect using social media.
ABC-Always Be Closing
Of course you always want to be encouraging your new business partners to keep a lookout for potential recruits as they go about their normal day and week. There are lots of people working jobs that they don’t like. One of my coaches told me, “some people will, some people won’t, so what”. The point is, we want to encourage our representatives to focus on the recruiting activity and less about the actual outcome. If our new reps are talking to enough people there business will grow.
Always Be A Mentor
Always be available to help your new business partners. It’s not about doing it for them, but rather doing it with them. It’s important to remember however, that you cannot make your new recruits want to have success. I always tell my people that if you carry your 50 bricks I’ll carry mine and then I follow up with – is that fair?
Are you aware of what makes a great leader? Everyone knows some qualities, but there is always additional information to learn. You need to learn as much as possible and listen to others. Take the things you’re going to read into account and try to use them to help you become a great leader.
Honesty is always the perfect starting point for any decent leader. Your job will be to lead others in the right direction. Honesty will be appreciated by those under your charge. You being honest also encourages others to be honest, too.
Creativity must be sparked by a good leader. Creativity and risk sometimes lead to great rewards. Curiosity should be fostered; explore every avenue. Believe in new ideas, no matter if it does not seem to fit right at this moment. This ensures all ideas are shared.
Always be decisive. Leaders are responsible for many decisions. If you are one of a team that is divided about how to solve problems, it is important to choose solutions that will benefit the whole team instead of only a few people.
You should regularly make people aware of potential issues. Although in the past it was common practice to hide business problems, in today’s workforce the best leaders talk about business problems with their team. Why the change? It is important to communicate nowadays. The situation will be exposed no matter how much you try to hide it. You need to be in control of the message you communicate instead of simply reacting to it. This is the path of true leadership.
Always adhere to high ethical standards when handling customers and employees. Good ethics will help you in any area. When your team knows you are to be trusted, they will do a better job for you. You can make sure that your employees follow the rules if you develop a company policy on ethics.
Don’t be a know it all. Seek advice from your coworkers and listen to their ideas with an open mind. Your team can improve on your idea or find problems you may have overlooked.
Don’t counter your morals to compete. If your competitors are trying a tactic that you don’t feel comfortable doing, then find a different way to compete. You do not have to copy to remain in the game. If you find something else to compete with, you are going to feel much better about what you choose.
You now know the needed steps required before becoming a truly effectiveleader. It’s in everyone’s best interest that you become a better leader. Leaders are needed in the world; it’s your time to step into the limelight. Apply the advice given to you and become a stronger leader starting today.