5Linx distributors: Are you devoted to creating a gigantic business? If that's the case, read this entire article right now.
If you want to become a top earner, the way to do it is to implement a promotional plan that puts your message in front of thousands of people - not merely a handful of friends, family members and people you know.
The single most important skill you could ever learn is marketing.
I've been groomed by 6 and 7-figure income earners who taught me the following strategies we quietly use to build large businesses:
- Accumulate A List And Promote To This List
When all's said and done, building a 5Linx business online entails two activities:
- Establish a list
We're not talking about a list of family and friends you already know. The list that matters the most is the list of prospects you generate through online marketing. You can't expect to succeed in 5Linx by just throwing up some content on your blog and on Facebook. You must execute a lead attraction strategy that entices prospects to reach out to you and ultimately buy from you.
Teach prospects business-building skills so you position yourself as a credible authority. Building a list means you have a website to which you drive visitors who enter their contact information in order to receive free training content.
- Get the members of the list to know, like and trust you, and then market to them
Keep the lines of communication with your prospects open, so you can promote things that they require in their business. By staying close to your audience, you will be ahead of 99% of marketers who don't invest in building relationships properly. Developing strong ties with your prospects online is the key ingredient to succeeding as a marketer. Publish helpful content, such as blog posts and videos, several times per week. At the close of each piece of content, include a strong call to action for the reader or viewer to buy something from you.
- Build Multiple Streams Of Income
Add other revenue sources to your 5Linx business. There's a lot of risk when you depend exclusively on your 5Linx opportunity. You never know if your top people will leave your downline. Market demand might weaken for your 5Linx product line. The managers of 5Linx might change the policies and procedures in ways that restrict your marketing.
you lower your risk when you diversify your 5Linx business income. You must keep focus on not let adding new lines of income distract from your 5Linx venture.
Select one or more of the following ways to add new revenue lines:
First, sell affiliate products. Become an affiliate of the marketing services, systems and courses you use in your business. Select the best products you use and promote them. Only promote the best products and services, not just the ones that pay high commissions. 20%-60% payouts are typical.
Another strategy is to take your content and make it into a product. Record the webinars you do and turn them into products. Gather a set of your videos and sell them as a course. Bundle your articles into an ebook.
One-on-one coaching is another revenue stream you can add to your business. Select a price for your coaching so it's worth your time.
- Solve Your Attrition Problem
Attrition is one of the biggest problems 5Linx marketers face. 5Linx business builders are taught two tactics to boost retention, but each strategy creates other problems.
1) The first strategy is to assist your new 5Linx reps to get into profit quickly, so they have reason to stay in the game. When you attempt to help EVERY new 5Linx rep in your organization get into profit quickly, you spend LOTS of time helping your worst-performing new reps, the people who can't sponsor anyone by themselves. About 20% of your 5Linx downline is going to generate 80% of the growth and income in your business, and you end up focusing on the weakest 80%! By focusing on the wrong people, you foster dependency.
2) The other common approach is get your 5Linx team members to feel connected to your team, so the interpersonal connections and sense of belonging the person feels overcomes frustrations that might otherwise make them quit. Live team events, 5Linx team conference calls, and one-on-one coaching can foster a sense of team. This approach can get people to rely on you to motivate them. You'll end up with many underperforming team members who stick around for the team connection but sponsor few or no people into 5Linx.
You're a business owner, not a group therapist. A totally different approach to addressing attrition is not to try to increase retention, but to make attrition almost irrelevant to your business. To make retention less important to your business, promote affiliate products that can easily add a dozen or more new streams of income. By diversifying your revenue sources, you are not as reliant on 5Linx for income. When you depend less on your downline for income, attrition matters less. A second way to make attrition less important is to promote a high ticket opportunity that pays commissions of $1,000 or more per sale. In contrast, most network marketing comp plans such as 5Linx pay a $50-$100 sign-up bonus for each new rep you sponsor, forcing you to build a large team and build a large residual check to make a full-time income. When you earn $800+ per sign up, you effectively earn 2-3 years worth of residuals up front, regardless whether your new signup endures for 6 days or 6 years. This makes retention a non-issue.
If you want to become a top earner, the way to do it is to implement a promotional plan that puts your message in front of thousands of people - not merely a handful of friends, family members and people you know.
The single most important skill you could ever learn is marketing.
I've been groomed by 6 and 7-figure income earners who taught me the following strategies we quietly use to build large businesses:
- Accumulate A List And Promote To This List
When all's said and done, building a 5Linx business online entails two activities:
- Establish a list
We're not talking about a list of family and friends you already know. The list that matters the most is the list of prospects you generate through online marketing. You can't expect to succeed in 5Linx by just throwing up some content on your blog and on Facebook. You must execute a lead attraction strategy that entices prospects to reach out to you and ultimately buy from you.
Teach prospects business-building skills so you position yourself as a credible authority. Building a list means you have a website to which you drive visitors who enter their contact information in order to receive free training content.
- Get the members of the list to know, like and trust you, and then market to them
Keep the lines of communication with your prospects open, so you can promote things that they require in their business. By staying close to your audience, you will be ahead of 99% of marketers who don't invest in building relationships properly. Developing strong ties with your prospects online is the key ingredient to succeeding as a marketer. Publish helpful content, such as blog posts and videos, several times per week. At the close of each piece of content, include a strong call to action for the reader or viewer to buy something from you.
- Build Multiple Streams Of Income
Add other revenue sources to your 5Linx business. There's a lot of risk when you depend exclusively on your 5Linx opportunity. You never know if your top people will leave your downline. Market demand might weaken for your 5Linx product line. The managers of 5Linx might change the policies and procedures in ways that restrict your marketing.
you lower your risk when you diversify your 5Linx business income. You must keep focus on not let adding new lines of income distract from your 5Linx venture.
Select one or more of the following ways to add new revenue lines:
First, sell affiliate products. Become an affiliate of the marketing services, systems and courses you use in your business. Select the best products you use and promote them. Only promote the best products and services, not just the ones that pay high commissions. 20%-60% payouts are typical.
Another strategy is to take your content and make it into a product. Record the webinars you do and turn them into products. Gather a set of your videos and sell them as a course. Bundle your articles into an ebook.
One-on-one coaching is another revenue stream you can add to your business. Select a price for your coaching so it's worth your time.
- Solve Your Attrition Problem
Attrition is one of the biggest problems 5Linx marketers face. 5Linx business builders are taught two tactics to boost retention, but each strategy creates other problems.
1) The first strategy is to assist your new 5Linx reps to get into profit quickly, so they have reason to stay in the game. When you attempt to help EVERY new 5Linx rep in your organization get into profit quickly, you spend LOTS of time helping your worst-performing new reps, the people who can't sponsor anyone by themselves. About 20% of your 5Linx downline is going to generate 80% of the growth and income in your business, and you end up focusing on the weakest 80%! By focusing on the wrong people, you foster dependency.
2) The other common approach is get your 5Linx team members to feel connected to your team, so the interpersonal connections and sense of belonging the person feels overcomes frustrations that might otherwise make them quit. Live team events, 5Linx team conference calls, and one-on-one coaching can foster a sense of team. This approach can get people to rely on you to motivate them. You'll end up with many underperforming team members who stick around for the team connection but sponsor few or no people into 5Linx.
You're a business owner, not a group therapist. A totally different approach to addressing attrition is not to try to increase retention, but to make attrition almost irrelevant to your business. To make retention less important to your business, promote affiliate products that can easily add a dozen or more new streams of income. By diversifying your revenue sources, you are not as reliant on 5Linx for income. When you depend less on your downline for income, attrition matters less. A second way to make attrition less important is to promote a high ticket opportunity that pays commissions of $1,000 or more per sale. In contrast, most network marketing comp plans such as 5Linx pay a $50-$100 sign-up bonus for each new rep you sponsor, forcing you to build a large team and build a large residual check to make a full-time income. When you earn $800+ per sign up, you effectively earn 2-3 years worth of residuals up front, regardless whether your new signup endures for 6 days or 6 years. This makes retention a non-issue.
About the Author:
Ricardo Interpemian has taught thousands of people how to grow businesses like 5Linx.
No comments:
Post a Comment