Traditional Marketing vs Network Marketing
Which is the best for you: Traditional Marketing or Network Marketing?
Well, let us have a look at the best-suited business format for your nature.
Network Marketing is a real trendsetter compared to the traditional marketing business.
The right MLM software will be suitable for all Multi Level Marketing Business Plans.
Some of them are listed out below.
Traditional Marketing
- Owning or starting a traditional business needs a big amount of investment even for the average earning persons.
- It demands a building for your business, either on a lease or a permanent one.
- Most of the times it needs a number of employees to run the business.
- It needs a detailed record book or inventory.
- It has the limitations to be restricted to a particular area if your business is not an online one.
- The chances of earning income are linear.
- If you are not running a franchise, then you will be having a lot of jobs to do. You will have to provide the necessary training and do all the works completed by you.
- You will be needing to work for more than 80 hours a week.
- The financial risk is much higher since a lot of investment is involved.
- Mostly you will need to quit your full-time job, to start a traditional marketing business.
- The failure rate is also higher.
Network Marketing
The above-mentioned points are the major drawbacks of traditional marketing business. And that’s what makes the network marketing the main highlight.
MLM or network marketing is one of the best ways to thrive in the New Economy. It helps to promote the necessary consumer goods in the best format.
Now, let us see some of the major benefits of the network marketing business.
- The cost of starting up a normal Network Marketing Business is very less.
- No need for a separate office building for the business. It can be done in a room in your house.
- No need for additional employees other than yourself.
- There is no need for inventories or a separate book of records.
- There is no fixed territory to establish or do your network marketing business.
- People can do business from anywhere in the world.
- The income that could be earned is non-linear. The income can be collected from various sources, like the residual income, a commission from selling your products and services, etc.
- The training and other support systems are free compared to the traditional marketing format.
- You can work during the time you are comfortable at.
- You can work as a full-time person or as a part-time one.
- The risks involved are very much less.
- The failure rate is also high, but if you really work hard, the chance for succeeding is really high.
Summary
From the comparisons made, we can easily figure out that network marketing has a lot of advantages compared to the traditional marketing business.
It does not mean that network marketing is simple and can get rich quickly.
You will have really to work both smart and hard to be a successful person in network marketing.
But still, for a completely average income person, network marketing is the best opportunity to attain his goals.
Anyway, if you are planning to start your network marketing career, do make sure that you really make the necessary research or homework. Also, make your decisions wisely.
Try a Network Marketing Software Demo to know an easier and efficient way to manage MLM business.
It will really worth if you talk to the successful ones in the MLM business. Ask them how they achieved all this.
Network marketing is the best field with amazing life-changing opportunities. Some people do have failed in the same. But that doesn’t imply that your possibility of being successful is low.
Knowing certain Tips can help people who are new to MLM business in achieving success in the business. Read the blog to get Top 10 Network Marketing Success Tips for MLM business.
Be a professional and keep working hard, success will be definitely yours!
Almost all MLM software does look pretty much the same or perfect on the first look. But there are certain characteristics or features that make an MLM software stand apart from the others.
You can see that they will have a vast customer base across the different parts of the world. And use our perfectly designed and crafted Secure MLM Software. We have given utmost importance in integrating it with highly useful and advanced features.
Secure MLM software allows automating all the manually done jobs that we come across while running a network marketing business.
Let us see what are those key features which make an MLM software the best one in the industry!
Key Features of Secure MLM Software
1. Customizable
Secure MLM software is a highly customizable network marketing software in accordance with the user’s demand.
MLM compensation plans are one of the most important aspects in the network marketing business, and so as is the case in the MLM software also.
Secure MLM software makes the calculation of commissions easy since it is developed in such a way that they support the complex calculations of almost all the major compensation plans. It can be customized to any type of MLM Compensation Plans like Binary Plan, Matrix Plan, Unilevel Plan, Stair Step Plan, MLM Gift Plan, Generation Plan, and Hybrid Plan.
2. Payment Gateway
Payment Gateway mechanism allows the users to transfer funds between different players in the MLM business.
The payment gateway feature is inbuilt with all the safety features so that the people involved do not need to have worry about the security of their transactions.
3. E-commerce Integration
E-commerce has a major role in the MLM business. An e-commerce store allows the MLM executives or people involved in the MLM business to merchandise their products and services. And hence Secure MLM software is provided with the option to be integrated with an e-commerce store.
4. E-pin
Transactions conducted with the E-pin makes sure they are done by safe and secure means.
E-pin is a system generated one and will be sent to the concerned person during the time of the transaction.
5. E-wallet
E-wallet feature allows the persons to store their money in an e-wallet and use them whenever required during money transactions. An example of an e-wallet is the Paytm wallet.
6. Multi-Language
The multi-language feature of the Secure MLM software gives the users the freedom to change the language to one they are more comfortable with. So that the people from different parts of the world can use the software with ease.
7. Multi-Currency
The multi-currency feature of the Secure MLM software allows the users to do business in more than one currency. It supports US Dollar, Euro and many more!
8. Automatic backup
The Secure MLM software is provided with an automatic backup feature so that the user does not need to worry about any loss of data. They can restore the software to its previous version at any time.
9. Responsive Design
Another exciting feature of the MLM software is its highly responsive format. So that it optimizes itself according to the change in devices like mobile phones, tablets, PCs, etc.
10. Website Replication
Another exciting feature provided by the Secure MLM software includes the facility of website replication. This facility allows each and every member to have an individual website. It helps very much in the promotion of their MLM products and services.
Some Additional Features:
1.Modern Open Source technology
Secure MLM software is developed using the most modern open source technologies like PHP, MySQL, Ajax, jQuery, etc.
2.Multi-user- Role management
Secure MLM software allows you to set the authority level to different levels like Admin, Member, Customer, etc.
It is also important to know how to use these features to promote products through MLM business.
We do also provide the facility of MLM Mobile App, if necessary for our customers so that they can manage the business through your mobile phones for both you and your affiliates. Some of the exquisite features of the MLM mobile app include the rating of products and services, e-wallet statements, commission and compensation data, user details, payment information, etc. Apart from all these features, our round the clock customer support team will be there to guide you for the information related to MLM software. Build an MLM Software with above mentioned all the features.
If you would like to know how the features work for your network marketing software, Try a Free MLM Software Demo.
MLM companies are all over the place and you would have definitely come across one of their distributors by this now who want you to join their network. Most of the MLM companies deal with products related to beauty, wellness, healthcare, and weight loss. There are very few companies that render services in the multi-level marketing model. Primerica is one such MLM company that comes among the same lot. Primerica mainly provides insurance and other financial services.
An MLM Software helps in efficiently managing the MLM business
In this blog, we shall give you a transparent review of Primerica and discuss in detail about the compensation plan that it adopts.
So, let us get going!
What is Primerica?
Primerica is a company that is based in the United States and has its headquarters in Duluth, Georgia. It sells insurance and other financial services through multi-level marketing. It aims to give the families a completely protected life, help them become debt free and financially stable and independent. Glenn J Williams is the current CEO of the company. The company claims to provide insurance to the main street families at a price that they can afford.
History of the company
A.L. Williams & Associates, the primitive version of what we know today as Primerica, was founded in 1977 by Arthur L. Williams Jr. The company was quite successful in its days because of the employment of a mass-marketing concept. Their major promotional quote was to buy the term life insurance and invest in the difference. They completely projected an all-new perspective on how one could buy the necessary protection with term life insurance and save enough money by opting for the investment options like mutual fund Individual Retirements Accounts.
In the beginning stages of the company, the A.L. Williams was a privately owned insurance firm, who sold the Insurance policies underwritten by Financial Assurance Inc.
Then they entered into a tie-up with the Boston based MILICO (Massachusetts Indemnity and Life Insurance Company) in the year 1980.
MILICO was a subsidiary of the Santa Monica based Insurance giant PennCorp Financial Services.
The PennCorp was later on merged with the American Can Company in the year 1983. Since then the company became its subsidiary along with the MILICO.
In 1986 Triangle Industries acquired American Can’s packaging division and the rights to the company’s name and in 1987 American Can gave a public announcement that it would change its 86-year-old name to Primerica Corporation. With this, Primerica was born.
Products from Primerica
Primerica mainly sells term life insurance, entirely different from the other insurance providers of its size and age. And it operates on the principle of maximum coverage for the minimum cost. Their tagline goes as “buy term insurance and invest in the difference.” While it offers other financial services like mutual funds and annuities, you will need to look elsewhere if you want to have permanent life insurance policies.
Term life insurance
Primerica basically acts as a broker whose Insurance policies are underwritten by the National Benefit Life Insurance Company which is a subsidiary.
And hence, their website offers limited details about the coverage and plans. You can call up their customer service at 800-257-4725 for detailed consultation about your plans.
If you want to take up a policy with Primerica, you should keep the following in mind.
- The independent business owners will be conducting a financial need analysis to help you understand your financial situation in a better manner.
- Term Life Insurances cannot be converted to a permanent insurance policy.
- Insurance policies are available in different lengths of terms and featured level premiums.
- If your policy expires, the renewable policy does not offer level premiums.
You will have the following benefits.
- Increased Death benefit – In this case, the nominee will receive an increased death benefit if the insured person dies by accident.
- Terminal Illness – The insured person will receive an amount equal to the 70 % of face value to cover up the expenses before he dies.
- Waiver of Premium Rider – You can also waive off your premium for a set time if you become terminally ill or are unable to work.
Compensation Plan of Primerica
The company follows an eleven tired multi-level marketing system. As with any other multilevel marketing company, the sales representatives of the company receive a commission for the sales they make by selling insurances and the financial services of the company. The sales agents of the company will be eligible for a commission for selling each and every financial product. In addition to this, a portion of the sales belongs to the representative’s recruiter, that particular recruiter’s recruiter, and so on, up to eleven levels on the top.
Sales agents also have an interest in selling the insurance services to their warm market prospects as well. Upon induction into the company, the new recruit will have to write down a list of 100 people they know. This can include their family, friends, neighbors, colleagues etc. they constitute the warm market. The recruits will have to pitch the products to them and try to obtain the sales.
According to the recent information collected from various sources, Primerica has asked its sales representatives to pay a monthly fee of $25. And it is estimated that the company collected revenue of around $2.5 million per month from its own employees itself.
Primerica has over 100,000 independent business owners selling the various financial products of the company. On average an individual representative earns around $5,156 per year.
In the year 2014, more than 190,000 new sales recruit paid a signup fee for Primerica. But the company only could increase its sales force by just 3,700 that year. And in the same year, each independent business owners managed to make an earning of around $6,030.
As of September 2017, Primerica has made claims to be having around 124,436 independent sales representatives under its belt.
The verdict – Is the company beneficial for a network marketer?
Pros
- Financial stability – According to the ratings of the most trustworthy agency of the insurance industry, A.M. Best, Primerica holds an A+.
- Simple – The company offers a single type of insurance scheme. Hence, it is not difficult in making choices among the company’s products.
- Educational – Primerica’s website offers a wide range of resources about insurance and related financial services. This helps the customers in learning about their personal finance and its management.
- Quick claims – Primerica is extremely proud of its ability to pay claims as quickly as possible and states on its website that more than 94% of all its claims are Done within two weeks.
Cons
- Possible pyramid scheme – There are a lot of negative reviews about the company on over the internet of being a possible pyramid scheme – But still, the Primerica agents are licensed and trustworthy. So, if you are willing to put in some time and shop around to find the right life insurance policy and rates for your situation, you are well guarded.
- Strict underwriting – Primerica has very strict rules and regulations compared to other insurance providers. And if you have in poor health or does have any existing pre-condition, it’s better to consult some other insurance firms. You would be better off elsewhere.
- No permanent policies – Primerica does not allow you to convert your life term policy to a permanent option. But, the one thing that you could do is that you can renew your term policy without another medical exam. And this does not imply that your premiums remain the same. They are likely to increase unless you want to reduce your coverage.
Conclusion
If you are looking for term insurance, you can definitely opt for Primerica. It offers great deals for a network marketer in terms of compensation plans and other bonuses.
If you are looking for a network marketing software, Try a Free MLM Software Demo to perceive the features and working of the Software and once you have decided Contact Secure MLM!
Know in detail about another leading company that provides Cryptocurrency based services to its customer base around the world in the review of Hedger Tech.
.
Network Marketing or MLM business is a ray of hope for millions around the world. It brings money, fame, success, freedom and what not!
These things are the fruitful benefits of the network marketing business, which not every other stream of business offers.
For the majority, Network Marketing Business is a well-defined model with some time and MLM software, it can create quick and surprising lifestyle changes. And still, why do so many people still fail in this business?
Well, that’s what will be discussed through the below given 5 network marketing lies. But before all that, let us talk a little bit about the dropouts happening in the MLM field. It’s sometimes referred to as attrition in the contexts of MLM business.
In such a situation, the new persons joining the company fallout soon, which may be from a span of a few days to one year.
You may be now thinking about what is the role of these network marketing lies in attrition. Yes, they do have a major role because many people recruit new business executives using these lies.
These false statements will be the main trigger for the higher attrition rates.
Next, we will take a look at those major communication mistakes we make and that kills your business. And also about how can we eliminate all those
and be successful in the MLM career.
#1: Wrong Income Expectations
The first point to discuss is false income expectations. You may have heard about people telling that “they earned $5000 every month”, or “I reached the top position within 3 months and earns $10000 every month”.
It all might be true, but the thing that you need to understand, it’s not the same case for everyone. The situations differ for different people and such statements made by the people you know will only develop an unrealistic image in your mind about the income and the time frame required to achieve it.
The best approach is to convey a low figure in the beginning. Tell something like, ” I will show you a better plan which will allow you to make $500 per month if you are working part-time. And after that, we will be working together so that you can earn up to $1000 per month!”.
There is a big difference in conveying the facts in two different ways. the second one is better and best because it creates a source of trust and of course it’s achievable.
Also, the thing that makes it more attractive is that it tells them their income can be doubled through this business opportunity if you do really work hard.
So always be careful of communicating in the above-said format.
#2: Overstated Product Claims
Another big lie followed by the MLM companies or executives is the overhype they create about their products or services. It’s a fact that almost all the companies provide products of good quality. But never give false promises to the customers. Only give actual expectations and never create overhype about the products. For example, if you sell a weight loss product, tell them to give it a try. And let the customer or the executive feel the experience themselves. And if the customer finds the product useful, then they would automatically, come back in search of the product. This is the exact way network marketing is supposed to be.
So be careful while talking about your products. It’s okay to have pride in the products you sell. But don’t give an overhype. Just be careful about what you say.
Also, try to create some curiosity about the products you sell. Ask questions like, “Why don’t you try using the products and experience the difference yourself?” This subtle approach creates a sense of trust and belief in you as well as your product.
#3: This is the Best Marketing Plan in the World
This is another big lie which kills your network marketing business.
Try to introduce your business opportunity to your prospective clients in a more attractive manner. Tell them it would be really a wonderful opportunity if you are ready to work hard. It would definitely change their entire lifestyle.
Or in other words, always try to give your prospect a long term stance, so that it reduces the possibilities of attrition.
#4: It Only Costs a Meager Amount Per Month
Never tell such a lie to prospective business clients, because if you are looking for someone really serious to get involved in your business, tell them the exact realities of the business.
The true expenses involved in this type of business does not only involve product consumption. It includes other things like having business cards, study materials, websites, leads etc. One of the major drawbacks of quoting the monthly expenditure is that you place then prospect only as a consumer, other than considering him as a premium business builder.
Both customers and business builders are valuable, but the latter ones result in developing rapid wealth.
If you are looking for business builders, then also try to demonstrate the tax benefits associated with running a home-based business.
A lot of people are will be very much attracted by making them understand the benefits of tax reduction.
The outline is that make them aware that there will be some expenses if you want to conduct a profitable part-time business from home.
#5: Everyone Out There is Your Prospect
This is another network marketing lie which kills your business. Not everyone is your cup of tea. Some may find your business opportunity really worth.
And some doesn’t. It’s the case with every business. So never tell or believe in such lies or pass it your downline members.
It’s always the best to introduce your business opportunity in a really interesting way so that if the prospect finds it good, they would definitely join.
And if not they would reject it. Never force or compel your prospect to join. Let them if they like it.
Also ask them for referrals who might be interested in such opportunities, so that from their referrals you may get some better and energetic clients who are ready to work hard other than just join and stay idle.
Conclusion
On a concluding note, the above mentioned five network marketing lies are the ones that will definitely kill the credibility of your business.
The major deciding factor in building a flock of strong business builders is to tell them the genuine things and help them to view the benefits they will have in the future.
It may lead to a small dip in the number of people you recruit, but the quality and retention of your team will definitely increase beyond your imaginations.
The power of truth is so high that it can set you financially free.
If you are ready to work hard and do the simple but necessary tips to promote products through MLM business you can achieve success in your business.
Before starting an MLM business try a Free MLM Software Demo to understand how the Software works for your business.
If you are searching for the top 100 MLM companies by its global revenue, then here is the list of those companies which are on top.
With the persistent growth of the Network Marketing industry, many people have moved from their corporate jobs to the network marketing business. As we know, Amway is the global giant company which has been leading from past many years and without any doubt this year also it has ranked on top among top 100 network marketing companies with it’s $8.60B revenue.
By analyzing a lot of sources and references Secure MLM Software presents you with a list of top 100 solid MLM companies. The previous year’s revenue, present marketing situations, and future predictions influence the given list below
Get to know about the best network marketing opportunities of 2019, built on the year’s trending companies, risky ventures, and your downright talent to succeed no matter what!
List of Top 100 MLM Companies
|
Rank
|
Company |
Revenue |
Year Founded
|
|
1
|
Amway |
$8.60B |
1959 |
|
2
|
Avon Products Inc. |
$5.70B |
1886 |
|
3
|
Herbalife |
$4.40B |
1980
|
| 4 |
Vorwerk |
$4.19B |
1883
|
| 5 |
Infinitus |
$3.92B |
1992
|
|
6
|
Mary Kay |
$3.25B |
1963 |
|
7
|
Natura |
$3.09B |
1969
|
|
8
|
Perfect |
$2.96B |
1994 |
| 9 |
Nu Skin |
$2.28B |
1984
|
|
10
|
Tupperware |
$2.26B |
1946 |
| 11 |
Coway |
$2.05B |
1989
|
| 12 |
JoyMain |
$1.58B |
2000
|
|
13
|
Oriflame Cosmetics |
$1.537B |
1967 |
| 14 |
SUN HOPE |
$1.536B |
2003
|
|
15
|
Young Living |
$1.52B |
1993 |
| 16 |
Rodan + Fields |
$1.50B |
2007
|
|
17
|
New Era |
$1.33B |
1995 |
| 18 |
Jeunesse |
$1.30B |
2009
|
|
19
|
Pola |
$1.22B |
1929 |
| 20 |
Ambit Energy |
$1.15B |
2006
|
|
21
|
Belcorp |
$1.14B |
1968 |
| 22 |
DXN Marketing Sdn Bhd |
$1.10B |
1995
|
|
23
|
USANA Health Sciences |
$1.05B |
1992 |
| 24 |
Longrich |
$1.00B |
1991
|
|
25
|
Telecom Plus |
$979M |
1998 |
| 26 |
Yanbal International |
$971M |
1967
|
|
27
|
Isagenix |
$958M |
2002 |
| 28 |
Market America |
$820M |
1992
|
|
29
|
Quanjian |
$786M |
2004
|
|
30
|
Yandi |
$740M |
2011
|
|
31
|
Stream |
$737M |
2004 |
| 32 |
Juice Plus |
$730M |
1993
|
|
33
|
Team National |
$719M |
1997 |
| 34 |
Yofoto |
$696M |
2004
|
|
35
|
Amore Pacific |
$681M |
1945 |
| 36 |
PM International |
$632M |
1993
|
|
37
|
Hualin |
$577M |
|
| 38 |
Faberlic |
$563M |
1997
|
|
39
|
Plexus |
$562M |
1992 |
| 40 |
Arbonne International |
$553M |
1980
|
|
41
|
Miki |
$535M |
1966 |
| 42 |
Golden Days |
$518M |
2000
|
|
43
|
AdvoCare |
$472M |
1993 |
| 44 |
Scentsy |
$468M |
2004
|
|
45
|
Rolmex |
$459M |
2001 |
| 46 |
LegalShield |
$457M |
1972
|
|
47
|
Pro-Health |
$400M |
2007 |
| 48 |
For Days |
$383M |
1997
|
|
49
|
Nature’s Sunshine |
$342M |
1972 |
| 50 |
Resgreen |
$326M |
2003
|
|
51
|
4Life Research |
$316M |
1998 |
| 52 |
Monat Global |
$314M |
2014
|
|
53
|
Apollo |
$296M |
1988 |
|
54
|
LG Household & Healthcare |
$292M |
1947
|
| 55 |
Family Heritage Life |
$284M |
1989
|
|
56
|
OPTAVIA / Medifast, Inc. |
$257M |
2002 |
| 57 |
Hy Cite Enterprises, LLC |
$253M |
1959
|
|
58
|
Alphay |
$252M |
2002 |
| 59 |
Noevir |
$250M |
1964
|
|
60
|
CUTCO/Vector Marketing |
$245M |
1949 |
| 61 |
Best World Int’l Ltd |
$237M |
1990
|
|
62
|
AnRan |
$222M |
2005 |
| 63 |
Menard |
$221M |
1959
|
|
64
|
Southwestern Advantage |
$219M |
1855 |
| 65 |
Pure Romance |
$218M |
1993
|
|
66
|
Prüvit |
$214M |
2015 |
| 67 |
Norland |
$207M |
2008
|
|
68
|
KK Assuran |
$205M |
1994 |
| 69 |
Green Leaf |
$201M |
2003
|
|
70
|
New Image Group |
$200.815M |
1984 |
| 71 |
SEACRET |
$200.007M |
2011
|
|
72
|
LifeVantage |
$200.000M |
2007 |
|
73
|
NHT Global |
$198M |
2001
|
| 74 |
Merro |
$192M |
2004
|
|
75
|
Giffarine Skyline Unity Co. |
$179.0M |
1996 |
| 76 |
Princess House |
$178.9M |
1963
|
|
77
|
ARIIX |
$178.0M |
1979 |
| 78 |
Cosway |
$177.9M |
1979
|
|
79
|
Kangli |
$177.6M |
1970 |
|
80
|
Mannatech |
$176.7M |
1994
|
| 81 |
BearCere’Ju |
$169M |
1987
|
|
82
|
World Global Network |
$165M |
2011 |
| 83 |
Charle |
$161M |
1975
|
| 84 |
Vida Divina |
$153M |
2016
|
|
85
|
Marketing Personal |
$147M |
|
|
86
|
Diana |
$144.5M |
1986 |
| 87 |
Ideality |
$143.6M |
1994
|
|
88
|
Youngevity |
$142M |
1997
|
|
89
|
Fuxion Biotech |
$141M |
2006 |
|
90
|
Naris
|
$138M |
1932 |
|
91
|
Vestige Marketing |
$127M |
2004 |
| 92 |
Jimon |
$118M |
1993
|
| 93 |
Tiens |
$118M |
1990
|
|
94
|
Naturally Plus |
$111M |
1999
|
|
95
|
Usborn Books & More |
$107M |
1973 |
|
96
|
Kasly Ju |
$104M |
1994
|
|
97
|
Immunotec Research Ltd |
$102M |
1996
|
|
98
|
Xyngular |
$100M |
2009
|
| 99 |
ZURVITA |
$94M |
2008
|
| 100 |
Koyo-shah |
$91.8 M |
|
There are plenty of newly opened network marketing companies. If you are one of those and don’t find your company listed here, don’t worry, some of the latest companies are on the rise as we move on!
The network marketing industry is expanding rapidly and several network marketing companies are quickly moving towards their success.
A top MLM company will surely improve your skills while ensuring you enjoy what you are doing. You will have the same ability to attain success as any other person that works hard to build a solid business on a consistent basis. And you will experience the benefits that come with success for many, many years!
At Secure MLM Software, We have been assisting MLM companies to achieve their goals by rendering innovative and customized MLM software solutions.
If you would also like to start a Network Marketing Business, here are Top 10 Network Marketing Success Tips that have worked wonders for network marketers around the world
Navigate through the MLM Software Demo to learn more about the benefits and features.
Warm market prospecting strategy works better on any kind of business – even in the MLM or network marketing business!
When you basically join an MLM company, the first thing you will be asked is to make a list of the near and dear ones you know.
Next, they would be telling you to the way in which to introduce your MLM business opportunity to the warm market, or to the people who know you well before!
This comes under one of the best MLM warm market prospecting strategies.
We will tell about these strategies in detail down below.
Moreover, from following such effective strategies, staying updated is also highly recommended by the top-notch MLM experts.
One of them includes using MLM software to manage your network marketing business.
Now let’s get into the topic in detail.
What is Warm Market?
A warm market is simply the people you know! It could be:
Prospective clients,
Friends,
Relatives,
Existing customers,
Referrals etc.
MLM Warm Market Prospecting Success
It has been founded out that you have a much greater chance of winning new business if you follow a Warm Marketing Plan which sends your contacts a ‘touch’ on a regular basis.
And, if the warm marketing plans followed by you is focussed at the people who already know you, then the chance of gaining new business is very high!
Why?
Because if you get involved in marketing your MLM business to a list of 10 warm people over a 90-day period, you stand a good chance of winning at least 3-4 new clients!
So it’s always good to follow the warm market prospecting strategies in your MLM business to have a better and faster client base!
Well, we will discuss some of the best MLM Warm Market Prospecting Strategy tips collected from various MLM news sources and websites.
Tip #1: Always approach your warm market without being concerned with the outcome
This tip is one of the first tips that you need to keep in mind when dealing with the MLM Warm Market Prospecting Strategies.
That is, when you approach your warm market, stop being worried about the possible outcomes.
Present your MLM business opportunity with an open mind and never over-confuse yourself about the possible outcomes. Do your job sincerely and efficiently, the rest will definitely follow.
And talk to them in a way that, your new business would be a really good opportunity and they can join if they too find it interesting!
Your warm market will definitely respect by using this method!
Tip #2: Avoid talking too much
This tip is preached by one of the most successful MLM trainers of all time, Ray Higdon.
Some network marketers keep talking on and on if some of their warm market prospects show some interest in their MLM business! Always avoid it because they may be beginning with the business prospects but soon gets out of it.
Or in other words, the more you talk, the greater hole you dig.
The warm market prospect will definitely lose his/her interest in the business.
And, instead, try sharing some third party tools like a CD, DVD or an internet video, they would be most probably joining your business!
Tip #3: Approach the prospect from the customer side first
It would be the best option to approach the prospect from the customer side first and making them involved in the business.
Tell them to buy and try your products. So that they too get more positive feedback about your MLM business benefits! Also, the customers to provide you with retail profits.
Tip #4: Always behave politely, even if their response is a NO!
Always stay polite, and do not insult anyone for their negative response to your response. You should always know that NO isn’t forever. Respect them.
There are a lot of incidents, where the turned down offers being converted to a YES after some time, say 2 months, 6 months or maybe after a year!
Situations will change for sure in every industry, and so does the possibilities. You cannot really predict where the business follows you down the road. Stay patient and keep working hard.
Tip #5: Check yourself why their response is a ‘NO’
It would be best to ask the customers directly with respect and a smile, that what is the major reason behind turning down your offer.
They may some turn down the business proposal for a particular ‘quote’ in the proposal! So being aware of the reason helps you to proceed further in the future in a lot of ways.
Hope that made some sense!
Tip #6: Never annoy your warm market prospects
Never beg or annoy a warm market prospect of yours to join your MLM business opportunity. That will be the worst thing a person can do.
What we could see from the experienced people is that using such approaches may get you them to join for the time being but they often quit after soon after.
So never annoy or force someone to join.
Make them aware of the best benefits they could get by joining the opportunity and tell them that the choice is theirs!
Tip #7: Ask for Referrals
Most of your warm prospects will be knowing someone who might be interested in your MLM business proposals. So do ask them for referrals. And mostly it works!
Ask something like, ‘ I know that this opportunity isn’t for you at this time. But it’s okay. And I am looking for some sharp people like you who would be interested in the MLM area.’
You can also offer them some incentives like dinner, free movie passes, etc. for their referrals!
Also remember to get the details about the referrals like name, number or email address.
Conclusion
Hope this blog gave all the MLM enthusiasts out there a better understanding of the MLM warm market prospecting strategies to be followed and hence gain a super fast downline!
Thanks, and may your MLM business grow by leaps and bounds!
Well, apart from following the above-mentioned tactics, also try to update your MLM business with the latest trends in the field of network marketing business like an MLM software, MLM calculator and more!
Before consulting an MLM software development company, to know how the software meets the requirements of your business check out a Free MLM software demo.
Tips to promote products through MLM business provides insight into effectively promoting products through Network Marketing.
Is investing in Hedger Tech really worth for your MLM career? Well, to find out the answer to the above question in the review of Hedger Tech!
Hedger Tech – An Overview
Hedger Tech is a leading company that provides Cryptocurrency based services to its vast customer base around the world. They offer the services in Crypto investment management solutions like Hedge Fund, Smart Insurance (insurance for Cryptocurrencies), Smart Loans (Short Term Loans against Cryptocurrencies) etc. They use the MLM business model to sell the products and a network marketing software can make all the complex process easier. Hedger Tech also offers an entirely new digital token called “Hedger”! with the help of the platform of Ethereum Blockchain Technology. It can be used for conducting peer to peer transactions.
The Hedger Tech Compensation Plan
The independent business owners of Hedger Tech gives a return for every investment they make by the company. The various compensation plans offered by the Hedger Tech to its affiliates are as follows:
- Starter – invest $500 or more and receive a 19.58% monthly ROI
- Bronze – invest $2500 or more and receive a 21.25% monthly ROI
- Silver – invest $5000 or more and receive a 23.33% monthly ROI
- Gold – invest $10,000 or more and receive a 27.5% monthly ROI
- Executive – invest $25,000 or more and receive a 29.58% monthly ROI
- Champion – invest $50,000 or more and receive a 31.67% monthly ROI
- Director – invest $100,000 or more and receive a 33.75% monthly ROI
The company’s Hedger Mining website runs the hedger investment. In Hedger Tech, ROIs get Hedger coins. Hedger Coin is an Ethereum Blockchain technology based cryptocurrency developed by the Hedger Tech. And one of the disadvantages, as of now, is that they do not hold any value outside the company. And hope in future it might!
Referral Commissions
Hedger Tech pays follows a unilevel compensation structure in paying referral commissions. In the unilevel compensation structure, a business owner is kept at the top of a unilevel team. All the other recruits by the topmost person come below him, which is known as level 1. And if level 1 individuals recruit more people, then they come under the level 2 category of the topmost affiliate’s unilevel team. They affiliates recruited by level 2 are placed on level 3 and so on. Hedger Tech pays referral commissions as a percentage of funds invested across these four levels as follows:
- 1 (consists of personally enrolled affiliates) – pays up to 25% as referral commissions which are paid in 30 days from the investment date
- 2 – pays up to 20% as referral commissions which are paid in 60 days from the investment date
- 3 – pays up to 15% as referral commissions which are paid in 90 days from the investment date
- 4 – pays up to 10% as referral commissions which are paid in 120 days from the investment date
Joining Hedger Tech
Hedger Tech affiliate membership is totally free. You will need to pay a minimum of $500 investment if you are planning to be a full-time participant in the attached MLM opportunity.
Hedger Tech Pros
Hedger Tech Cons
-
Only a little information available about the company over the Internet
The company does not provide any contact information other than an email address. It also doesn’t give out the basic info about the management of the firm through their website. The white papers about the Hedger Tech state out that Leo Bathan is the Chairman and CEO of the Hedger Tech. This is the only information available.
-
HedgerTech is not accredited with BBB (Better Busines >Bureau) till now.
Not having a review on the BBB website does not imply that a company is a scam or a legitimate one. But it provides additional company information and helps also to compare their reviews with other sources.
-
Promised ROI without any proof on how the profits can sustain these ROI’s the company pays out.
If the profits have been proven to be able to sustain the promised ROI percentages, then it is all good in that department but there is still the issue of not having any retail products which would make this company technically a scam.
Final Verdict
A careful consideration of cryptocurrency investing is very much necessary in order to make a profitable return. Same is the case with Hedger Tech since it involves eliminating potential risks related to Crypto investing. However, the venture is still in its infancy period. And needs a lot of final touches that are necessary if the project is to get any recognition within crypto investing.
Try a Free MLM Software Demo to choose the best MLM software for your MLM business to helps you to move on to the next levels of your MLM career.
Read our latest review on Legal Sheild the legal services MLM company.
Since the very beginning of its worldwide inception, crowdfunding has helped many entrepreneurs all over the world to get the necessary financial support they need.
Crowdfunding can be much easier by the use of an MLM Software.
In the year 2015 alone, crowdfunding had managed to raise around 34.4 billion USD. Now, that is more than twice as much as what was raised in 2014, and from then on the numbers have only continued to rise.
In this blog, we shall discuss the key strategies to crowdfunding success.
To begin with, What is Crowdfunding?
Crowdfunding can be briefly described as an act of funding an ongoing project or a business new venture by raising financial contributions from a group of people who are interested in the project through various methods including online and offline methods. It is done using the internet and other social media platforms. Here Crowdfunding software for MLM business can play an important role.
Key Strategies to crowdfunding success
Before you even begin to start your crowdfunding campaign, do your research well. This doesn’t mean that you just have to explore your product or the project idea. It basically means researching everything and anything you need to know about crowdfunding. You should also look up for more success Strategies that suit your project idea. In addition to Knowing how to run a successful campaign, you should also be aware of all the rules and regulations surrounding this funding source.
-
Choose the right platform
There are a lot of different crowdfunding platforms out there on the internet. While some are general ones, others are more specific to particular industries and niches. Consider the parameters of your project and do your research well to find the platform that is best suited to what you are offering. Do keep in mind that the right platform will help you to connect to your target market and potential investors in a much better manner.
Before you start to create any sort of marketing materials or post your campaign live on the internet, you have to do the research that is necessary for you to become familiar with your target audience. Just sit down and jot down what is the things that your audience wants. You should never assume that you know what they want. You need to do some actual research and gather real data. This will help you to become more familiar with those whom you are targeting.
-
Create marketing materials
Once you know have a clear idea about who is your target audience and what they exactly want, you need to create high-quality print and web marketing materials. You should not copy the videos, fliers or other marketing materials of another company, personalize the marketing materials to suit yourself and your message. You should also be careful enough to avoid tacky and cheesy materials unless that is what truly fit your project.
When you are starting a crowdfunding campaign, you should set certain goals. You decide beforehand on what your total fundraising goal is. Once this is decided, you should also specify timeline goals, production goals and any other ones that are needed to keep your project moving forward.
It doesn’t matter what kind of project you are into. Whether your project is personal in nature or is a new business venture, you have to get personal in your message to your investors. When people feel that they know you very much, they will feel more comfortable with you and will place their trust in your project and ultimately, your goals. Opening up a bit about yourself and your situation is a great way to help your campaign attain success. You ought to keep in mind that it is not good to overshare, though.
You have to build credibility, bit by bit. If you manage to break into an inner circle of your friends and relatives and manage to convince them regarding the project, they will act as your credibility to rope in the next bunch of prospects.
Let us face the fact Feedback can be very annoying. Although it frustrating at times, feedback is extremely important for you to make progress. It becomes especially important if you’re working on a product. The more feedback you manage to receive, the better you will be able to tell where your flaw points are and make a better plan to improve the final product so that it is ready to go into production.
Do you have any more ideas and strategies to make a crowdfunding campaign a sure shot success? List them down in the comments below.
Also, if you are in search of Best MLM Software try out Free MLM Software Demo.
Is it really possible to make money with Affiliate Marketing? Yes, it is!
Affiliate marketing with the help of an MLM software can help you in earning extra money or even a full-time income from home.
Let’s see how.
What is Affiliate Marketing?
According to Wikipedia, affiliate marketing is a practice of marketing where a business rewards one or more of its affiliates for each sale made by the affiliate. Or, simply you get rewarded by helping to promote the product or service of a business.
For example, if you sign up for the affiliate program of a certain MLM company through its MLM software, and promote your products, you will be eligible for earning a commission whenever you send any visitor to the site and they make a purchase.
Affiliate marketing is one of the cheapest and quickest ways to make money online since it involves no products creation of any kind. All you to concentrate is on to link up the buyer and the seller. And once it’s done, you get your commission!
Some Advantages of Doing Affiliate Marketing
There are a lot of aspects of affiliate marketing that make it a good home business. And some of them are discussed below:
- Low cost to get started. Majority of the affiliate programs are free to join. And the costs are usually related to your referral methods.
- No need for the creation of a product or a service.
- We don’t have to stock or ship products.
- Can work anytime from anywhere in the world (if you have a good internet connection!)
- It’s a source of passive income and depends on how you market your affiliates programs.
- It could be incorporated with your current home business and thus create an additional income stream. It’s ideal for the bloggers or anyone who has a website.
How To Make Money with Affiliate Marketing
Affiliate marketing is a passive income source. It’s highly competitive as well as one of the easiest ways to make money online. To be a successful affiliate marketer, you need to be aware of what works and what doesn’t while promoting your products.
Let us discuss some of the things down below:
1. Be patient
Patience is very much important in this field. Since there are many affiliate marketing works out there, you need to be patient.
It would be best if you can feed your website with good quality content to get high ranking positions and raise awareness, attend affiliate marketing events, seminars or webinars. Even you can join a discussion forum or the various online communities available and thus meet new people. All these things would definitely help to build you.
2. Choose More Attractive Products
Always try to concentrate on a few products which are unique, profitable or can reach large masses. And work on them other than choosing to promote everything by registering with different affiliate programs.
You would not be able to focus on everything and it may result in a failure. So it’s always better to understand the market needs and desires and place your products accordingly.
3. Use Several Traffic Sources
The chance of making money online improves with the more traffic you direct to the sales page. If you run ads on your website, then your sales page gets targeted traffic from different channels.
4. Attract Targeted Traffic
The main way to make money is to push the people to click your affiliates’ links. And hence, you need to attract more visitors. There are usually four ways to attract more traffic and they are through paid advertising, free advertising, article marketing, and email marketing.
5. Test, Measure, and Track
Testing, measuring and tracking of the practices followed allow us to measure the real performance and thus we could come to a conclusion on which works and which doesn’t.
6. Research Product Demand
If you have decent traffic on to your sales page, try to review your daily, weekly, and yearly traffic and sales chart in order to get an idea about the customers’ behavior and choices. And if you are not getting ample traffic, try to spend your time on finding out how the products can meet the users’ expectations.
7. Follow New Methods and Techniques
Affiliate marketing trends are very much dynamic. So always try to be updated with the latest techniques and methods to be successful in the field.
8. Select The Right Advertiser
The quality and service of the advertiser’s website are also as important as your website. So always try to market the products or services which offer good customer service through your sales website. So that it will definitely increase your credibility. Also, the once bought customer of yours will definitely come back to you next time!
9. Use Tools
Try to make your campaign efficient. And hence always make use of helpful tools that enable you to conduct market research, competitor research, track and convert your ad campaigns.
Final Thoughts
Affiliate marketing is a really attractive method to make money by sitting at home!
Just create a website, produce some good content, attract more users and finally join the best affiliate programs. It seems to be easy, but you need to be really patient until you reach the arrival point.
Work smart!
You can really start making a passive income with Affiliate marketing!
Planning to build your own MLM business opportunity?
Try our Free demo of the MLM software and get an idea on how the different compensation plans work out!
Here, we shall deal with some information OR Tips to promote products through MLM business.
Mastering MLM business is not rocket science if you are ready to work hard and do the simple but necessary steps as one being using an MLM software which can reduce a lot of manual work and others as discussed below!
Let us get into the matter directly now!
Promoting your MLM business
You can promote the products of your MLM through either of the modes; online mode or offline mode. Both of them has its own set of advantages. Let us discuss them in detail.
Offline Promotions
One of the cheapest ways of promoting your products through the MLM business is through distributing pamphlets.
They are one of the best ways to get good business without much investment.All you have to take care is to print pamphlets and distribute it to the public.Pamphlet distribution could be done in multiple ways as given below:
You can insert the pamphlets you have designed in the newspapers, through the newspaper vendors in your area. They will be inserting one pamphlet in each newspaper. So it reaches out to the maximum people.
-
Through distribution in a crowded place
Every city will have places where the crowds gather. So make a list of such places and hire a local guy to distribute these pamphlets to everyone in the crowded areas. This could be done on every day for a week since you can get a new set of a crowd every day.
-
Distribution in building apartments
Each and every building apartments will be having dozens of families in them and you can get in touch with them by dropping in pamphlets in their letterboxes. Also, you can put up your ads near elevators or such places where the public use often, so that people will get to see it every time they visit such places.
If you are able to afford a little higher budget, then you can go for display advertisements. In the case of budget constraints, you could even opt for a small column in the classifieds section with just three or four lines.In countries like India, you can place the advertisements in any of the top newspapers like Hindustan Times, Times of India, The Hindu, Deccan Chronicle, Indian Express etc. You can also place advertisements in the regional and local newspapers as well.
Poster ads have a very deep impact among the people. You can design posters and stick on the walls of the main areas of the city meant for them. It could be in A3 or A4 in size.
This type of advertising is also a very effective and cheap method of promoting any business, even if its MLM. Convey your thoughts with some autorickshaw drivers or cab drivers and get them to sign up for displaying the ads on their vehicles. You just need to pay a monthly fee for doing so. When these vehicles travel around the city, hundreds of people view your ads.
-
The local Cable TV advertisement
Local cable TV advertisement is another option to promote your MLM business. The ads are cheap and many people have found success through this.
Online Promotions
Creating an own website or blog is not everyone’s cup of tea. This is one of the easiest ways to promote MLM products. Developing a website will help you in gaining high quality leads from all over the world if you are ready to put in some SEO services of a great MLM software development company.
Google is the main place where people check out the reviews about various products and services. You can optimize your website in Google and other leading search engines so that it appears on top of the search results!
And definitely business will follow if people like your products and services.
-
Promotion through MLM forums
There are a lot of websites and blog sites that publish posts related to MLM
or network marketing.
Visiting such websites or blogs and placing comments under the specific blogs with your contact details will also provide you the links to gain new business leads.
Interested people will definitely give you a call.
You can also join MLM forums and participate actively in the discussions. And thus you can promote your MLM business through the signature link or through the question-answers section.
-
Promotion through the Social Media
This is one of the cheapest and best ways to reach out to the maximum people around the globe. Create a business page in leading social media platforms like Facebook, Twitter, Instagram, Google +, etc. and promote your MLM products through them.
You can post updates daily about your MLM products and services, the reward or compensation structure, etc. to keep your followers to get engaged through your MLM business pages.
This is a method of paid promotion wherein you will have to create a Google AdWords account, make the payment through credit card/net banking and create your Ad.
Your MLM business ads will appear on the first page of the Google search results. And you will definitely receive high-quality traffic on your website & your network marketing business would grow at a very fast pace.
You can use just this mechanism really well to promote your business.
Conclusion
The above mentioned are some of the major tactics followed by the top MLM leaders in achieving success in their network marketing career.
Do follow them and success is guaranteed in your MLM career!
Try out a Free demo of the best MLM software in the market right now!
Or contact our MLM experts to gain a better insight into the MLM business.
Also Read further on MLM success tips.
admin
April 18, 2019