|
Home / Business / Networking
Online management system for MLM distributors - Part 1
By:Nili Raam
Background
Most articles discussing success in network marketing, mention issues such as selecting the right MLM company, compensation plan, attitude, recruiting methods and commitment among other things. However, online management system as a key working tool enabling success is hardly ever mentioned.
In the article “Network Marketing Training- The Top 10 MLM Tools for BLAZING MLM Success” there is a list of the top 10 tools distributors require to grow their organization:
1. Telephone
2. Voice mail
3. 3 way calling
4. Audios
5. Videos
6. Replicating Websites
7. brochures
8. Presentation book
9. Email
10. Business card and stationary.
I am sure there is no need to explain anyone why a telephone or a replicating Website is an important tool which may help in increasing ones prospects list, but managing these leads is a whole new ball game.
A “common” distributor may add to 2 – 3 prospects in average per day to his list. This adds 700 - 1000 prospects annually! All of them are the outcome of hard work and a lot of time and money invested.
At this point, traditional tools such as files, notes, contact lists or even excel spread sheets fail, and online management system becomes the only option.
The Beginner
Beginners have a lot on their plate. To become successful, they have to master all aspect of their new work as quickly as possible. Sales are essential for the existence and growth of every business, but for a new business it is a "make or break".
Consequently, the portion of time invested in sales and sales related activities reflects directly on the distributor’s success.
Lucky beginners are sponsored by good leaders. However, no matter how supportive the organization or the company you have joined, you are still pretty much on your own.
Administration tasks demand daily attention, which consumes an ever increasing share of your precious time.
Just think of the time needed to organize the list of prospects, prioritize, pencil down and arrange meetings, write notes, find telephone numbers, send emails, compose new letters, take care of advertising…
All this work must be done, yet it does not contribute directly to your bottom line.
As time goes by, prospects lists inflate and time dedicated to sales shrinks while support and administration activities expand.
No wonder that statistically, 80 – 90% of new distributors drop out within their first year of operation.
Organization manager
Once a distributor has added a few new down-lines, he becomes an organization manager. Since dropout percentage is high, organization managers are in constant pursuit to recruit new distributors on one hand, while maintaining and supporting their existing organization.
Let us analyze the process where a surfer visiting a Website becomes a distributor: statistically, 1% of surfers fill in an application form, and 1 – 2% of these leads become distributors. When you think of the quantities of people involved, attention, time and effort invested in turning these leads to distributors, 2 things become very evident:
1. The recruiting process should be professional, short and efficient
2. Lowering the dropout percentage is vital in supporting a healthy, stable and growing organization.
It is always more interesting and tempting to deal with real people than to spend time in administrative tasks. However, proper management becomes a more important issue than selling abilities on the way to make a real success.
Digg
del.icio.us
Blink
Stumble
Spurl
Reddit
Netscape
Furl
Article keywords: Network marketing, work from home, MLM, distributor, business opportunity, online management system
Article Source: http://www.articles2k.com
Nili Raam is a renown expert in her field in Israel, as a Communication Consultant for business, professional and executive improvement. She is author of a few published books and many articles. niliraam@netvision.net.il www.safefuture4u.com
|
|
| Top Networking Articles |
- 1). Networking Your Way to Online Business Success By : Hans Hasselfors
Forums, groups, boards, and loops; they’re all synonymous for online locations facilitating online networking. Some are entirely public, where everyone and anyone can click to the URL, read the messages and if they have no interest in contributing, they can just lurk. Some require active participation and others require registration before members can participate.
|
- 2). So you want to be a millionaire? By : Duffy Rogan
Who doesn't...
I come across so many people that say "I'm going to make a million dollars in network marketing". I have conversations with people telling me how they're going to become millionaires.
That's great I'll help you reach that goal every way I can.
But you know what?
Not everyone is going to make a million dollars in network marketing.
|
- 3). Job Hunting: Networking With Others is the Keys to Success By : Christine Bettridge
You can never underestimate the power of networking. Often success is directly proportional to the size of the social circle.
Whether you are looking for an entry level job or wanting to climb the career ladder you will need some kind of networking savvy in order to survive in the business world.
If you are looking for an entry level job your networking skills might be more important than the quality of your CV.
|
- 4). Beware - Borders and Boundaries By : Jeffery Glaze
Have you ever had someone get right up in your face when they are talking to you? So close in fact that a letter "S' results in an unwanted shower? Often when we are out networking, we find ourselves in a loud environment as people try to talk louder to be heard over people trying to talk louder to be heard. This results in a roar that makes regular conversation difficult.
|
- 5). 8 Tips to Help You Become a Networking Guru! By : SME Grow
Effective business networking is the bringing together of like minded individuals who, through relationship building, become walking, talking advertisements for one another.
Keep in mind that networking is about being bona fide, building trust, and seeing how your relationship can genuinely help others.
1. Always figure out before you even walk into a room, what your specific goals are in attending each networking meeting.
|
- 6). Finding Networking Opportunities Is Easy By : Leni Chauvin
Copyright 2006 Leni Chauvin
Business networking is all about forming strong relationships built on mutual respect and trust. Those relationships are the basis for the single most important tool that we all need if we want to survive in the competitive 21st century.
I'm talking about referrals.
And today's savvy business professionals know that--just as night follows day--networking leads to referral business.
|
- 7). How to Write a Letter of Reference By : Kathy Swann
Have you ever been asked to write a letter of reference for a co-worker, employee or former employee? Generally, a letter of reference is used to help obtain employment, apply for higher education, or as a character reference for those seeking a government position. This is an important request, as a well-written letter can be the reason the candidate receives the offer he or she is hoping for.
|
- 8). The Art of Giving Business Cards By : Natalie Aranda
Giving business cards is an art, not only because they are needed to be considered successful or because, in fact, they represent your corporate or professional identity, but also as an opportunity to impact your existing or prospective customers, and stay in touch with them, helping you to deal confidently.
The scope of business etiquette includes.
|
- 9). Professional Networking Tips For IT Consultants: Part II By : Joshua Feinberg
Professional networking works. Last time we discussed five tips to improve your professional networking effectiveness. In this article you'll learn five more tips to make you a professional networking guru.
Don't let one person monopolize your time.
Try to spend about 3 to 5 minutes with each person. This is generally more than enough time to figure out if the person is a good fit with your company and if you have enough information for future discussions with them.
|
- 10). MLM Training: How to Help Your MLM Downline Get Over the Fear of Calling Prospects By : Tim Sales
Call reluctance is a term used in sales and network marketing to mean that the salesperson or the network marketer hesitates or procrastinates making calls to prospects. So to help a person get past this we need to figure out what caused this "reluctance."
As I commonly do, I'll define the main word - which is reluctance. It means: unwillingness; offering resistance; opposing.
|
| New Networking Articles |
- 1). Social Networking for Business By : Sharon Housley
Copyright 2006 Sharon Housley
Associations and trade organizations are great places to meet individuals. Usually organizations have a common theme, and it is an understood implication that all members participate to improve themselves and their businesses.
Whether it is a chamber of commerce or a trade association, members have common problems, issues and concerns.
|
- 2). How To Build a Duplicating Downline By : Cedric Aubry
Regardless the controversy that the term Multi-Level Marketing (MLM) or Network Marketing brings to mind when mentioned in a conversation, the success of such an industry cannot be denied at the moment.
The long existence of multitudes of MLM organizations is a wonderful indicator that network marketing is here to stay and flourish. As such, additional people are trying to join the bandwagon, building their own MLM .
|
- 3). Plant a Seed and Watch Your Business Grow By : Cynthia Morse, CAP
Do you have all the business you could possibly want or need? If you're like me, you're still growing your business. Marketing is an ongoing item on my agenda, and I'm always looking for new ways to market my services. Where do you begin the process of attracting more business? How do you get the ball rolling in the direction you want your business to be heading? Well, it's really simple.
|
- 4). Top Networking Marketing Opportunities – Is There Such A Thing? By : Vita V.
Top networking marketing opportunities, also known as multi-level marketing opportunities, run rampant on today’s Internet. You’ve no doubt received some kind of solicitous e-mail or seen some kind of advertisement in the margins of a web site you’ve visited that talks about amazingly easy ways to earn thousands of dollars with a simple home based business.
|
- 5). Hottest Business & Social Networking Site for South Asians By : Robert Palmer
DesiMySpace.com is an excellent portal for South Asians who are on the lookout for new friends and to increase the network. It is easy to find people who have the same tastes and likes as that of you. Some of the search features in this site enables you to locate people who are like you, as quickly as possible. To make use of all the features you have to become a member and becoming a member is free!
While you create your account you have to add your profile to your account.
|
- 6). Finding Targeted MLM Leads By : Jimmy Sturo
The objective of multi-level marketing (MLM) is to sell the product or service and to encourage the client to become an independent distributor, who then sells the service or product as well. Leads are vital for any business to grow, and in order for the business owner to have the greatest success, the leads must be curious enough in the business opportunity to have expressed an interest.
|
- 7). Taking The Vampire Out Of Online MLM Business Networking By : Stacy Slayer
You just got started with a new online MLM business and you want to tell everyone online about it. So, you sign up for all kinds of message boards, email groups and other business networking websites.
Before you do anything, please realize that you are dealing with REAL PEOPLE. The Internet seems like this anonymous place where you might feel people won’t really notice you if you engage in any vampirish behavior, but realize that the Internet is no different than dealing with people offline.
|
- 8). Network Marketing the Simple Way By : Cedric Aubry
But it network marketing could be tricky. A lot of persons are aware that they could be scammed or could be webbed into something they could not get out of. But of course, this all depends on the legitimacy of your network marketing business. Provided that your business is 100% permitted, then here are various tips to do network marketing in a very simple way.
|
- 9). 7 Traffic Techniques for Network Marketers By : Amber Barth
Network marketing is a numbers game. The more people you introduce to your opportunity, the more money you’ll make. To start generating a steady stream of traffic to your site, try these 7 creative techniques:
1. Write and Distribute Articles, Reports and Ebooks. Internet users are all interested in one thing – information. Use this to promote your business by creating high quality content and allowing others to reprint it for you.
|
- 10). 8 Tips to Help You Become a Networking Guru! By : SME Grow
Effective business networking is the bringing together of like minded individuals who, through relationship building, become walking, talking advertisements for one another.
Keep in mind that networking is about being bona fide, building trust, and seeing how your relationship can genuinely help others.
1. Always figure out before you even walk into a room, what your specific goals are in attending each networking meeting.
|
|
|