Wednesday, June 24, 2009

Success in MLM?

I've been thinking a lot about what it really takes to succeed in network marketing, and I think I've boiled it down to 3 crucial components.

The first is building relationships. I mean, let's face it. "Networking" means meeting people. Without this foundation, you really have no business. Nowhere is this more true than in network marketing.

The second indispensible component is a workable system. Yes, I've seen all those "systems" out there who say that if you send them fifty bucks a month, all you've got to do is plug into their system and get rich. This is definitely not what I'm talking about here.

I'm talking about a set of actions that you teach your downline to take on a consistent basis. The key here is to keep the focus on the individual and not the system. This is still hard work.

The third component is training. Without ongoing training, your team will fall apart. This can be in the form of weekly training calls or webinars, or maybe a training website that you set up.

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