The “Building Your Network Marketing Business” audio by Jim Rohn has an excellent segment about The Law of Averages.

In Jim’s audio he mentions that “The law of averages …. once it starts it tends to continue. Once a ratio starts it tends to continue!” No matter how many people you share your opportunity with, no matter how many people may not be interested – You will have a ratio! You may have 1:10 or 2:10 …whatever it is …. it is.

Once you sharpen your skills that ratio will improve …. if you are enrolling 1:10 now in the future you may be seeing your ratio increase to 2:10 or 3:10 etc. You will have more enrollments for every 10 people you share your company with.

One thing to keep in mind with averages is that over time you will see the trends in your enrolling. You may go 10 or 20 presentations with 0 enrollments! What happens over time is that you will also see streaks of 2, 3, 5 or more consecutive enrollments. Overall it’s going to average out … so don’t be discouraged if you are on a stretch of several presentations and no one signing up!

What I enjoy most about Jim Rohn is not only his sense of humor but also his ability to really simplify what it takes to succeed building a Network Marketing Business.

You can check out his audio program here:

Jim Rohn – “Building Your Network Marketing Business”

This is by far one of the best programs out there on how to be successful building your business!

Wish you the best!

Robert

PS. Here is another post about one of Jim’s great philosophies: Jim Rohn – Making Progress

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Mike Dillard’s Magnetic Sponsoring reveals exactly what it takes to build a massive home based business. The qualities and skills of industry leaders is covered in detail in Magnetic Sponsoring and is a must have if you are currently struggling with enrolling new talent into your business!

You may know all the mechanics of how to invite, set appointments and build a team however, knowing all that is not enough. Knowing the process is only part of it. What Mike Dillard teaches in his courses are why some people succeed in home based businesses while other struggle for years … bouncing from one company to another.

Develop the skills necessary to create the life you have imagined and end your frustrations monkey-ing around with those that “need to think about it” or are too squirrelly to even see your presentation.

Check out Magnetic Sponsoring now!

Click here to see Mike Dillards’ Free Videos: Magnetic Sponsoring

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Network Marketing Horror Stories … Just in time for Halloween!

Story #1.

A few years back I attended an Internet Marketing seminar and had an encounter that is unfortunately very common. I was having lunch with a few seminar attendees when one of the people I was having lunch with handed me 3 different business cards for 3 different opportunities in about 15 minutes. What was even crazier was the fact that the business cards were obviously printed at home and there were still tiny stubs from the perforations!

Story #2.

Recently someone approached me with (this was of course all one long sentence) “I just started a new business and would like you to be business partners with me, our company has made so and so many millionaires, and I just recruited my first customer …. we going to be rich yadda yadda yadda …I am going to follow up with you ….some of the leaders in our organization something or other and the product does yadda yadda yadda etc. etc…

Story #3

I get a phone call from a friend … “Hey Robert …. can you come down to our new office tomorrow at 10:30 am and support me in my new business opportunity … it would really mean a lot to me and it will show my manager that I am committed to the business” – Yes … I was called the night before to attend a business opportunity meeting that was going to take place the next morning …Thanks for the 12 hour notice!

The list could go on and on however I think you get the point.

The problem is that the completely wrong approach is being duplicated throughout far too many businesses.

What is lacking here is proper training on how to build a professional business that will attract people rather than repel them!

If a Fortune 500 company had a sales force that did some of the things I listed above, that sales force would be fired and those companies would be going out of business! So how could anyone in the Network Marketing Industry believe their business model can succeed with these types of approaches.

Building your network marketing business like a professional takes training. If you want to build a solid business with your current opportunity the best recommendation I can make is to invest in yourself and get the proper training.

You can start here by watching these free videos: Professional Network Marketing Training Videos

Never Give Up and Keep Building!

Robert

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One of the most humorous comments I have heard in the Network Marketing industry has to be:

“That opportunity is already saturated”

Now let’s really think about this.

There are over 300 Million people living in the United States and over 6 Billion people living on planet Earth.

The idea that something has reached a saturation point is crazy! Yes there are very competitive markets and there are always new players coming to the table in competitive markets that succeed. Whenever someone would say this I would think that the person wasn’t willing to work and needed to come up with an excuse.

When building your business focus on quality people. Focus on successful people looking to better themselves and their families. If you are running into squirrelly people with ridiculous excuses, then raise the bar and recruit up. Your time is too valuable to spend it convincing people that don’t have an open mind and a strong work ethic.

Keep Your Business Moving Forward!

Robert

PS. Even though there are hundreds of attorneys in the phone book is the market saturated? Have law schools closed their doors because all the attorneys needed have filled every position? – No.

PSS. Have Coke and Pepsi stopped advertising because they have been around so long that they have saturated the marketplace? Of course not. Customers will continue to be acquired for years and years to come.

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If you are new to the Network Marketing industry the phrase “Internal Consumption” is very important and something you should understand when evaluating Network Marketing Opportunities.

Internal consumption is the purchasing of product by distributors/representatives and not an end consumer. An example of this is when distributors purchase large quantities of product to sell to customers.

This is very common in many companies and does not become a problem unless a large percentage of those product sales are from distributors and not actual customers. The reason this happens is because many companies have sales volume goals each month that need to be obtained by distributors to qualify for a commission check.

If someone is short of reaching their sales volume goal they may feel inclined to placing a product order themselves to reach the goal and qualify for a check. The reason they know they are short of their goal is because the company sometimes provides a volume line to call and find out that monthly sales volume.

Now think about this for a moment. Imagine someone doing this month after month and placing the charges on their credit card to pay for products. Over time they will end up with a house full of products and credit card debt. Companies have actually been shut down for this.

When evaluating network marketing opportunities keep this principle in mind. Successful businesses of any kind provide products or services to customers not an internal sales force.

You will find a list of criteria for evaluating network marketing opportunities here:

Evaluating Network Marketing Businesses.

Wish you the best!

Robert

PS. How To Enrolling a Huge Team Click Here!

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