How To Generate Free Leads That Pay You
People Fail in Network Marketing Because They Don’t Make Money Fast Enough
One of the major reasons why people fail in network marketing is that they don’t make any money at first. Most people don’t make any money for weeks, and sometimes, for months. I have read that almost 90% of network marketers don’t make more than $300 in their first year.
So it’s not difficult to explain why new MLMers fail. But it doesn’t have to be that way.
Why do they hang on for so long when they are not making any money? I think it’s because they see the power of the network marketing business model. They see how a business can leverage their time. They see the potential it provides in taking them out of a situation that is not working and placing them in a situation that can work.
Here is the Problem
How do most new network marketers market their business? Many of them are taught to buy lists of qualified leads and call them. I’ve done this for hours and hours with very limited results. For one thing, these are not “qualified” leads, no matter what type of list you use.
It is not a very effective way to build your business. In fact, it’s a very expensive way. Because of the cost of these purchased leads and the fact that no revenue is coming into the business, the network marketer quickly runs out of money.
Here is the Solution
How can we change this situation? How can we get network marketers earning money soon after they join a business?
What if you could generate your own leads for free, and those leads actually paid you? I’m talking about paying you before you ever receive a check from your company.
The answer is monetization. Professional marketers are changing the way they do business in order to take advantage of this concept. Monetization allows you to leverage your time and maximize your income.
It's called working smart. It's critical to your network marketing business success today.
Instead of offering your business opportunity up front, you offer (in a very low profile way) high quality training websites, educational products, tools, and information of high value. These are items that are wanted and needed by your prospect and are of great value to them. These products are generally at affordable prices.
How does it work? As you generate your own leads, they buy some of these items you offer. Since these are not your products, you don’t get involved in shipping or collecting money. Your only involvement is collecting commission checks on their purchases.
You are leveraging your time because you are not putting out extra effort to earn the money. You’re simply offering these products to your existing list of leads. You are maximizing your income because this is revenue coming to you in addition to anything you earn from your company.
There are some intangibles involved in this process as well. You are building a good relationship with your leads. First, they appreciate your “no sales approach” and the fact you are not trying to push your business opportunity on them. Secondly, they are very happy with the quality of the products you have recommended to them.
Here is another thing to keep in mind. As your leads purchase these products, they are actually qualifying themselves as a good prospect. These are the people who are serious and are willing to invest in themselves. You need to place your focus on these people.
The bottom line to you is increased profits. Your profits rise as you use this monetization method. In addition, the attrition rate on your team improves as your team members bring in money soon after they join your business.
Here is an excellent website to use to get monetization training and resources to offer your leads.
Scott Hubbard enjoys teaching corporate executives and network marketers how to apply attraction marketing online and how to attract free qualified leads on the internet. Click to enroll at Renegade University to get more training from Scott.
Scott is happy to give a free consultation for serious entrepreneurs. You can reach him toll-free at 877-878-4036 or by email at Scott.Hubbard3@gmail.com.
For more information about Scott, click here.