Member You - Home Based Business

Advantages and Challenges of Online Marketing
The term online marketing is one that is simply used to define marketing on the internet. There are other related terms such as e-marketing and e-commerce that are often used as synonyms, too.Online marketing is a very dynamic, fast changing field, and there are many advantages and challenges to marketing on the internet.One of the great advantages of online marketing involves search engines. Only with search engine marketing can you promote your product or service directly to people who are actively looking for it!Another advantage of online marketing is that it allows you to easily track advertising, promotion, and sales. This means several things. First of all, you can easily moniter your advertising and focus your efforts on the most effective. Secondly, you can easily identify and target specific markets individually, resulting in more effective marketing.Another advantage to companies is that they are capable of offering

e. don’t put driving directions or that you live alone unless you think about the possible ramifications. My life is pretty much an open book, but I’m aware of the possible downside of revealing as much as I do.

Do teach them to get a second bank account for their business and put a set amount of money in it each month for advertising, leads, tools and deposit their commission checks there until they reach their goals. Reinvestment is key to succeeding. If you need to “borrow” from this account, pay yourself back with interest. If you want to get crazy, use the same interest that a check cashing/payday advance loan place charges, usually $20 per $100 per payday.

Don’t’s

3 Ways Meetings Make Your Business Better
1) Effective meetings make moneyEffective meetings make a business smart by producing creative strategies, solid plans, and workable solutions. And smart businesses always outperform others. Bad meetings produce nothing, except maybe a decision to call another meeting.A smart business attracts customers because they know that smart companies provide reliable products and services. Thus, your proposal meetings, sales presentations, and operational effectiveness tell customers what to expect. For example, consider the opposite: how reliable a product would you expect from a company that ran bad meetings?A profit-driven business must obtain a positive return on every activity that it undertakes. And that includes meetings. Wise leaders design their meetings so that they earn money for the business.2) Effective meetings save moneyGood meetings produce results that people support. And that represents a major operational effi

If you’re involved in any MLM/Network Marketing program the key thing to remember is duplication. The thing to remember is that if it’s not duplicatable; your downline may not be able to do it. I know it’s easy to think your skill set can be done by anyone, but the truth is, it may not be. I would guess that the majority of the people you’ll talk to and bring into your organization will be totally new to this industry and that’s fine. We were all new at one time and we need to remember that.

Let’s go over a few Do’s and Don’t’s

Do’s

Do teach that they need to let their friends and family know what they’re doing. There may be some people they don’t want to tell until they reach a certain point because of the following Do.

Do teach them not to let their friends and family discourage them. This is probably the most important thing to teach a new person. It’s been said that more people drop out of MLM or any business because someone talked them out of it. These are the same people who sit at home and watch TV while complaining that they’re broke and refusing to do anything to change it. Always remember and teach your downline to remember that if ANYONE has succeeded at ANYTHING, they can too!!!! All it takes is doing the same things they did to succeed.

Do teach them how the compensation plan works. They need to know how to get paid and they need to be able to explain it to others. The simplest plans are if you get X amount of people who get X amount of people, and you all make X amount of sales each month, you’ll make X amount of money each month. Geometric growth can really add up.

Here’s an example. You recruit 6 people who recruit 6 people (36) who recruit 6 people (216) who recruit 6 people (1296) who recruit 6 people (7776) who recruit 6 people (46,656) and everyone makes enough sales to generate $5.00 in upline commissions you would earn 233,280 bucks a month. This is just an example of course, since not all of them will recruit 6 people who make $5.00 in upline overrides etc and not all plans will use this formula. You will have to modify this to fit your comp plan. The simple fact that not everyone will find those 6 leaders is why most big money earners tell you to recruit as wide and fast as possible. 6 people doesn’t sound like many but the reality is the bigger the entry price is and the more sales they’ll need, the harder it’ll be to find those 6 leaders. But don’t stop at $5.00 in upline overrides. Teach them that customers come and go and to keep making sales.

Do provide support for them and teach them to provide support for their downline. It saddens me to receive an e-mail from an agent in someone else’s downline who can’t reach their sponsor. I help when I can and refer them to forums, websites etc when I can’t.

Do remember that this industry is the greatest chance for an average person to reach whatever level of success they want to achieve. There is no job or normal business that provides the financial and time freedom possibilities that MLM does.

Do teach them to buy a domain and either frame it or forward it to their company page. If their URL has a “?” or id code, the chances of someone typing the incorrect code is pretty good and gets better the longer that code is. Besides, you can get a domain for about $10.00 or less a year and the frame or forwarding service is usually included. The company I promote offers domains with URL forwarding and e-mail forwarding for $9.75 a year and tech support is great.

Do teach them to buy business cards and pass them out when it fits and keep a supply on hand at all times. If your company doesn’t offer business cards, they can be ordered through a local store or vistaprint.com.

Do teach them to create a profile page (also known as face page) on a site such as www.PowerfulIntentions.com and ideally use a domain with their name in it to point to it. I was lucky and my name was available but even if yours/theirs isn’t, there are still options if you’re creative. This is still a relationship business and regardless of whether or not they’ll be using the internet to prospect, they need a place to let others know who they are and what they’re doing. Most people should be careful of how much personal information they put on the page for safety reasons i.e. don’t put driving directions or that you live alone unless you think about the possible ramifications. My life is pretty much an open book, but I’m aware of the possible downside of revealing as much as I do.

Don’t’s

Resolve to Commit
I have a friend (let's call him George for this piece) who owns a number of fitness clubs in a suburb of a large city. He just loves January, just as everyone struggles back from the holidays, looking at the year ahead with lethargy and perhaps some angst, he prances into work as gleeful as can be. The reason is that for years he has benefited from what he calls the "New Year Resolution Syndrome".Every January thousands of well intentioned individuals make a new year's resolution to lose weight, become healthy and reap the benefits of a fit and healthy life style. Every January, hundreds of people sign up for new memberships at his clubs committing to a year or more. The first few days of January the clubs are packed from 5:00 am to midnight. By the third week of January, the line ups at the equipments are bearable, but classes are still in full demand. But as he points out, by Valentines Day, things go back to "normal", that is no change from the

refusing to do anything to change it. Always remember and teach your downline to remember that if ANYONE has succeeded at ANYTHING, they can too!!!! All it takes is doing the same things they did to succeed.

Don’t’s

Tips for the Successful Manager/Supervisor
Learn how to delegate Use sincere praise Seek employee input for change Screen applicants with appropriate testing Create an employee reward/bounty program for new hire referrals Do not hire husband/wife, parent/child teams – if one is terminated, the other may become a problem employee Long commutes usually lead to a disgruntled employee – take an applicants commute into consideration when hiring Set up a complete and ongoing training program Pair up each new hire with a long time employee as a mentor Cross train employees whenever possible Never correct an employee in front of his peers – use a private office Be available and approachable at all times If industry certification is available, encourage employees through education subsidy/reimbursement and increased pay Encourage employee improvement through education

one will find those 6 leaders is why most big money earners tell you to recruit as wide and fast as possible. 6 people doesn’t sound like many but the reality is the bigger the entry price is and the more sales they’ll need, the harder it’ll be to find those 6 leaders. But don’t stop at $5.00 in upline overrides. Teach them that customers come and go and to keep making sales.

Don’t’s

Eliminating Repetitive Strain Injuries in the Workplace
Repetitive Strain Injuries (RSI's) that occur at work are best eliminated at the source; this is the fundamental goal of occupational health and safety.In the case of repetitive strain injuries, the prime source of injury is continuous repetitive and/or static flexion of the fingers and hands in a unidirectional (one way) motion. ( i.e. Mouse use, typing, writing, gripping work tools, etc.) Other components, such as applied force, fixed body position, and the pace of work requiring repetitive or long-term static movements are also contributing factors in becoming afflicted with a disabling repetitive strain injury.Therefore the main effort to protect workers from repetitive strain such as carpal tunnel syndrome, trigger finger, cubital tunnel syndrome, guyon's syndrome and other injuries should focus on limiting or “counteracting" repetitive and static flexion activities that require constant overuse of the flexor muscles of the hand and fo

d gets better the longer that code is. Besides, you can get a domain for about $10.00 or less a year and the frame or forwarding service is usually included. The company I promote offers domains with URL forwarding and e-mail forwarding for $9.75 a year and tech support is great.

Don’t’s

Increasing The Bottom Line With Your Options
You are the proud owner of a web site that is experiencing some success, yet you still haven't achieved the golden chest of web site revenue. Consider increasing your revenue stream by trying a creative approach. With a modest investment this steam of revenue does not require the use of new software, website tools, or a blasting search engine service.They fuel your future profits by being placed in your option trading account. Perhaps you think you know your stock trading activities from your options. Here we do not use the stock market for your options. We use the futures contracts of the vast commodities markets of this country instead of stock options.You can best think of options trading as a side business working in conjunction with your online business. Using this options account enables you place trades with several markets such as corn, pork bellies, soybeans, gold or the S & P 500 index.For your options trading account to b

Don’t’s

Don’t try to reinvent the wheel. This is a tough one for most people. I know it was for me. But it’s in your and their best interest to use the proven things that got you and your upline to where they are. I’m not saying to never try new things; but I am saying to use the tools that are proven and test the tools that you find before recommending them to anyone. Just because an ebook tells you to do something, doesn’t mean it will work. The internet is a rapidly evolving thing and what worked last year, may not work today and some things will always work.

Don’t teach anyone to do TV ads, Billboards or similar big ticket things until they are making a lot of money and maybe not even then. Remember that most people will only join you if they believe they can do the same things you do and most people can’t afford to start out buying a billboard or a spot on primetime.

Don’t teach anyone to hound anyone. It’s the fastest way to lose friends. It’s one thing to mention it from time to time and when someone asks what you’re doing to say you’re still doing the online business and getting closer to retirement but it’s another thing to call them every week and say “Are you ready to start your home business yet?” The later is the reason so many people have caller ID. Not to mention, there’s too many ways to find people who are interested. You can generate your own leads via the internet or newspaper ads or buy them from a reputable source. (See Resource Link Below)

Don’t bother with paid sign-ups. I have yet to find anyone who has consistently made them work or had good things to say about them. Maybe they work for some people, but we’re looking for duplication.

Don’t try to build anyone’s business or tell them you will. This will only create a group of people who expect you to do their work for them. By all means help them, answer questions and be a good sponsor but DON’T tell them you’ll do all the work. The only exception to this is if your payplan has spillover and even then they’ll still need to work but as you also work, some of your people will also payoff for your downline. For a better example here’s a company that has spillover (See Resource Link Below) Always remember that if no one did any work in a spillover company but the top person he or she would die trying to fill a low level.

I know that this article doesn’t cover all of the do’s and don’t’s but it’ll get you started and hopefully prevent you from making a time wasting mistake.

Resources for this article are located at http://stservices.powerfulintentions.com/library/view/2137

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.memberyou.net/article/157372/memberyou-Duplication-In-Network-Marketing.html">Duplication In Network Marketing</a>

BB link (for phorums):
[url=http://www.memberyou.net/article/157372/memberyou-Duplication-In-Network-Marketing.html]Duplication In Network Marketing[/url]

In the previous article, Risk Management - Identification and Planning, risks were identified, evaluated and mitigation and contingency plans put in place. Now we come to managing the individual risks as they fit in with the Project Plan.

This article answers the following questions: How do most companies look at return on investment (ROI) for their sales compensation expense? What portion of sales compensation expense do companies allocate to managing existing accounts versus pursuing new accounts? Do most companies expect their salespeople to generate new, additional gross profit each year that is equal to or greater than their compensation?

Almost every expert on online entrepreneurship preaches the virtues of multiple revenue streams. Their logic is unassailable. The Internet moves quickly and what might be a winning recipe for financial success today could be less than optimal tomorrow. As such, it makes sense to be involved with a diverse range of online moneymakers as means of insulating yourself from a downturn in any one particular area.

Tags

Links

Member You - Duplication In Network Marketing

Related Articles: