August 24, 2009
Anyone experienced in MLM's?
I just joined a brand new MLM company. http://nuvitae.com/warren
I know I am in the right position because I am number 12 in the entire company and there are as of 4/13/08 less than 40 people in the entire company.
My main question is…. we just started the pre-enrollment phase of the company….. does anyone know a great way to generate leads? This product really speaks for its self and has no competition but, I am just trying to figure out a great way to market it.
Any ideas or suggestions would be very much appreciated!
Warren
Bambi
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Comments on Anyone experienced in MLM's?
All such pyramid scams are doomed to fail .. the only people who actually make any money are the scammers that get it at the start ..
Personally I would never get involved since I do not want to spend the rest of my life wondering how many of my 'victims' (i.e. the 'downlines' I **** in and scam money out of) will manage to find out where I live …
Despite what some may say, MLMs can be quite ethical and far from schemes. Yes, there are bad companies… but there are also good companies. Many of them. I'll be happy to debate it privately.
Before I get to your question, let me congratulate you on taking your financial future into your own hands. If things go well with your new company, you should be in for a very wild ride!
Do keep in mind, though, that many young MLMs fail; there is a high morbidity rate for fledgling network marketing opportunities. I don't say that to scare you… but, keep your eyes open and be honest with yourself at all times.
As to generating leads, I have a number of suggestions for you.
The best network marketing leads are the ones you generate for yourself. If you do it right, they get to know you before they're ever introduced to your product, which makes the sale much easier. The other benefit of these leads is that they're exclusively yours — you don't have to share.
A "self-funded proposal" is the best way to do this. In essence, you sell an info-product to a target market that's friendly to joining your business: other network marketers. When they buy the info-product from you, you pay back your advertising costs and generate a lead at the same time.
Ultimately, you want your own info-product to sell. But, there are a few excellent choices for the network marketing space:
1. The Renegade Network Marketer. This eBook, written by Ann Sieg, is designed to target people who are tired of old-fashioned network marketing. It teaches the new way, much of what I'm discussing here, and encourages network marketers to become affiliate marketers as a means of monetizing their business in new ways.
So, you advertise this book. People buy it and you get paid. You also get those people's contact info. And, if those people buy any of the affiliate products or services, you get paid again, sometimes quite handsomely.
2. Most people buy the Renegade and then say, "Now what? How do I advertise the Renegade?" There are a million possible answers, but the easiest one to duplicate is Renegade University.
Mike Klingler has put together a cheap membership site that gives comprehensive, step-by-step video training in the latest online marketing techniques. Sit your grandma down on this and she'll be using Facebook, Squidoo, AdWords, and E-Zine Advertising in no time.
3. When you're not generating your own leads, you and your team should be using purchased leads. The best place to buy them from is a national lead co-op, and the best one I've found is Robert Blackman's MLM Mastermind.
For $1 per lead, you get someone to talk to about your opportunity. Yeah, you'll have to go through a few to find a good one, but find them you will. And when they ask you how they can grow their business without bugging friends and family, you can say, "Well, how did you find me?"
The best part about this lead co-op is: as you refer members of your downline to the program, you get paid. Residually. A good friend of mine is making $4,000 per month just from this program. Imagine the power of stacking it with NuVitae.
Hope this helps!