Feature: Who Are You to Your MLM Prospects?

If I mention the words “photocopier” or “overnight delivery” or “personal computer,” chances are that a specific brand name immediately pops into your mind. When you go to the grocery store, don’t you gravitate toward certain products over and over because you know them by name and think to look for them each time you walk down the aisles?

In each of these situations, you’re activating “mental shelf space” — the automatic association of a product or service with the person or organization delivering it. That is the kind of powerful mental connection that each of us needs to develop for our MLM business. If you’re an expert Networker, not only will the people you know think about you when the MLM product or MLM service you’re associated with comes up in conversation, but your name rolls off their tongues as quickly as the recognized brand of overnight delivery service.

Please understand, we’re not talking about a right or wrong way to network. Even a broken clock is right twice a day; however, different Networking styles produce different results. Is your Networking style appropriate for you, your Networking partners, your markets, your MLM products and services, and your own goals and objectives? Will it bring you to the results you’re after? Only you can answer these questions.

Take a moment to think — when your network of acquaintances thinks about you, what do you guess comes to mind? Analyst, insurance person, that guy from the office, international marketer? You know the saying, “It’s not what you know, it’s who you know”? Ask yourself who knows you. Do they know what you can do for them? When they think of the MLM product or service you provide, do they automatically pull your name off the shelf? There’s no reason they shouldn’t; you need to decide what perception you want to create of yourself.

I tell my prospective MLM distributors that passively thinking about something does nothing for their wallets. Remember when you were growing up, and people told you to “think before you speak”? Sage advice to be sure, but focused, targeted action must follow the thoughts!

You and I will work very hard over our lifetimes. Hard work is not the challenge. Working smart is. Short of scientific inquiry and space exploration, there’s not a lot of “new” information; this means it’s in your power today, through your choice of a Networking approach, to create mental shelf space for yourself in enough people’s minds to build a booming MLM business.

What style are you employing and what methods are you using to become known to your MLM target market? Read the rest of this entry »

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The Wrong Combination Could Be Deadly For Your MLM Business

Strategy and tactics. What’s that have to do with MLM business success?

More than you could imagine…

The proper alignment of strategy and tactics is a requirement for success in military operations. And when it comes to “big” mega-corporations most people realize you need a focus on and a balance in this power team as well.  But when it comes to MLM business success most owners fall woefully short of alignment and focus on their business strategy. Tactics are what rule the day… just about every day!

That’s why understanding how to manage this foundational balancing act could be the single most important intellectual asset you develop as an MLM business owner.

Let’s get started with two quick definitions.

Strategy: “Strategy” is your carefully and intentionally planned approach to achieving success in business ownership.  From your MLM business as a whole, to the decisions made on a day-to-day basis – your success hinges on having a solid strategy. Your overall strategy will impact and mold your minor strategies in key growth areas like systems development, marketing, sales and your client service policies. Read the rest of this entry »

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Network Marketing: Niche to get Rich

Once you define your MLM niche, you are likely to find many other niches within it.

A niche is a clear subset of a larger category.

Home-based entrepreneurs, pet owners, computer users, chocolate lovers and gardeners are all separate niches. Some consumers might belong to several of those niches.

An example of what a niche market is not: “People who want to learn how to shoot better scores in golf.”

In this example, there are far too many people within the main category (golf) to make this a true niche. Virtually everyone who plays golf will want to play better and shoot better scores so this wouldn’t qualify as a niche, much less a category worth pursuing.

An example of a niche market: “Women who play golf who want to learn how to drive the ball longer and straighter.”

This would be a niche because it clearly defines and segments who you’ll cater to and why they would need your service. Read the rest of this entry »

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Network Marketing: Narrow in on Your MLM Niche Market

Ok, since a niche is a position of opportunity…think of your specialty, or an area you specialize in.

Hopefully, this connects to your MLM Business in some way…it should!

To determine if a particular MLM niche is right for you, ask yourself these questions:

  1. Do I have an identifiable target population with similar interests and needs?
  2. Is the market large enough to support my MLM business?
  3. Can I tailor my products, services, and MLM business identity to address that market’s particular needs?
  4. Is my target market currently underserved?
  5. Can I reach my potential customers in a cost-effective manner?

Niche marketing focuses on a specific segment of consumers. 

An MLM niche can be defined by a consumer’s age, gender, ethnic background, occupation, hobbies, and other interests. 

Even problems can be a defining characteristic.

An MLM niche can also be created by a need, a want, or a preference. Read the rest of this entry »

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