Network marketing is still big business in 2020. If you’re willing to put in the work, the rewards are there.
90 percent of people who get involved with network marketing do so to make money. Right now, that’s a really attractive proposition.
Part of its success is it relies on your marketing products or services you love. You’re much more passionate about selling something when you know it works.
Selling to your network also gets you over the hurdle of selling to cold audiences. Your network knows and trusts you, so you spend less time convincing people to listen to you. That’s more time available to discuss your products!
With the changes to the workplace thanks to coronavirus, you might be wondering how to succeed in network marketing instead. Read on to learn our multi-level marketing tips.
Many people start network marketing to sell products they already like. Others turn to it specifically to start a business.
Whichever group you fall into, check the ‘fit’ between the product you want to sell and your network. For example, if you mostly know men and tech fanatics? It’ll be harder to sell skincare or essential oils.
For the best success, choose products that ‘fit’ your existing network. That’s how to be a good network marketer.
Need more help with this? Check out our guide to the 3 types of networking marketing companies.
2. Manage Your Time
Network marketing is not a 9-5. If you don’t show up, you won’t get paid.
Work out how much time you can invest in your business every day. How many people can you realistically connect with? How long will the promotion take?
Before coronavirus, many network marketers had success selling their products at fairs or markets. With fewer opportunities for ‘in-person’ marketing, you may need to spend longer on ‘digital’ connections.
– HELPFUL RESOURCES –
Getting testimonials is critical to your success. People want to know your products work before they’re willing to invest in them.
One way to make selling easier is to become your own testimonial. If you haven’t started yet, document where you are now. This is your ‘before’.
When you reach your goal, you have your ‘after’. Now you can sell your products using an authentic, genuine before and after.
This also makes selling to your friends and family easier. They’ve seen the transformation themselves.
Studies show that at least 50 percent of MLM representatives give up in the first 12 months. To see success in network marketing, you need something to aim for.
Set goals so you can check your progress. These could be daily goals, like connecting with 10 new people. Or weekly, like making sure you’ve been visible in your Facebook group.
Financial goals, like sales targets, will also help to keep you motivated. You can look at where you are and where you want to be, and use the gap to create action steps.
Just because everyone else sells on social media doesn’t mean you have to. It does make it easier while many countries are still in lockdown.
Yet social media marketing may not resonate with you. A good MLM marketing tip is to choose platforms that suit your strengths.
If you love in-person conversations, try fairs or markets. If you prefer story-based marketing, explore the possibilities of email and content marketing.
In short, play to your strengths. Don’t simply follow the herd.
These 5 MLM marketing tips give an indication on how to succeed in network marketing.
Make sure you have the right product to sell to the right audience. Then showing up consistently and putting in the work will take you far.
Check out the rest of our website for more help with your network marketing business!
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