Although the opportunity sounds very lucrative, it is also quite challenging. More and more network marketers begin promoting their business opportunity via the internet every day.
In fact, you will find new pay-per-click ads every day promoting similar opportunities. And for every new ad that appears, three other people have spent themselves broke and quit the industry (with the same ad).
Common Reasons People Take Their MLM Business Online(Internet Network Marketing):
Most distributors take their businesses online because they want the easy way out. They want to avoid calling prospects and talking to people.
What Bill Gates says?
They think that people will just visit their website and magically join their business opportunity. Several weeks and several thousand dollars later, they figure out that this approach sucks and doesn’t work.
The other reason people try online marketing is because they want to build their business faster while leveraging their time and money. Although this is noble, it usually doesn’t work out either (we’ll talk about why in a moment). In fact, I hope you won’t take your MLM Business online until you learn a few basic internet network marketing success principles.
Common Mistakes Of Internet Network Marketing:
Let’s start by talking about what most people do wrong with their internet network marketing. The most common mistakes include:
1) Promoting your business opportunity right away
2) Advertising to the wrong people
3) Using a company replicated website
5) Not using a funded proposal
6) Not having multiple streams of income
7) Poor marketing plan
Obviously, there are countless other mistakes too, but these are the most common in the internet network marketing and deadliest ones. It really frustrates me how many people end up quitting this industry, because they don’t take the time to learn to succeed with the internet network marketing(it called Multi-Level Marketing also). And it doesn’t have to be that way.
Best Success Tips for Internet Network Marketing:
The key to success with the internet network marketing is not having lots of money to spend on the advertising. And it’s not having the best business opportunity, product or compensation plan either.
In fact, none of that matters. What really matters is that you have a game plan, posture, and a good marketing strategy.
When you study the top internet network marketers such as Aaron Rashkin, Mike Dillard, and Ty Tribble, and Me (I’m just kidding, 😛 study actual top marketers, not to 21 years old Mechanical Engineer who lucky with online business) , you will find that 99% of them follow a similar marketing strategy.
In essence, they use attraction marketing to grow their business. They do the following:
• Create an MLM blog (their hub of operations)
• Create great MLM articles and training videos
• Offer a Marketing System, such as MLM Lead System Pro
• They use a funded proposal to offset advertising costs
• They promote low-cost, generic affiliate products up front to offset advertising costs
• They advertise to other network marketers, not business opportunity seekers
• They use autoresponder like AWeber to acquire leads and follow up with them automatically(Aweber is best)
• They offer their MLM business opportunity on the back end
• They focus their time, money and energy getting people to visit their website
• They have multiple streams of income
Obviously, this strategy works. However, if you search the internet, you will find THOUSANDS of distributors with their own blog, promoting the same products, the same marketing systems, and same MLM Company. Even though this is much better that what 95% of the other network marketers do, I don’t think it’s the wave of the future.
The Future of Online MLM:
There are simply too many MLM blogs online (expert research). This makes it harder to rank high in the search engines and get your blog noticed. If you are going to succeed at this strategy, you need to find a way to be different than anyone else.
Once again, having your own MLM blog is much better than promoting a company replicated website. However, I think there is a second internet network marketing strategy that very few people use. And I think this strategy has greater potential than the technique listed above. I call this my Secret MLM Website Strategy(from my beginning).
With this approach, you have little competition and greater potential to create even more revenue. And I don’t know if even 100 people on the internet are doing this yet. So, there is plenty of room for growth. You can learn more about my MLM Website Strategy here.
Final Thoughts On Internet Network Marketing:
In conclusion, anyone can succeed with internet network marketing once they learn and apply a few basic online marketing principles. The key to success is to develop your marketing skills, so you have a “marketing system” to generate leads and convert them into multiple streams of internet income.
If you have any question or suggestion please feel free to ask me in the comment.
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