|
Examine closely a MLM business and you'll discover that it
fits into one of three distinct profiles.
The first one is what you wanted to achieve when you entered
network marketing. It's what all of us heard and pictured
when we started in MLM. We never imagined it happening any
other way.
The second is what happens to strong leaders who don't have
a proactive focus on bringing in top tier people. The MLM
organization turns into a "job". More MLM leads
won't solve this problem. More prospecting towards top tier
prospects will begin to turn it around.
The third is the revolving door we see a lot in MLM today.
"Get rich quick" becomes the battle cry. Who has
time for creating long-term wealth? Lots of lower tier people
lots
of attrition
and an opportunity cost that is high. No
real hope of reaching personal economic goals or achieving
personal satisfaction.
Now, you're asking yourself, "what does optimizing MLM
leads have to do with profiles of growth?" Everything.
MLM is purely leadership driven. People move products. Volume
follows people getting in. Everything starts and ends with
our prospects.
1 - Geometric & Exponential
Growth Business - S Curve
Characteristics:
A
true business
Creates
both residual and passive income
Gain
maximum leverage of your time and money
Is
stable with continuous growth because of leadership "factory"
focus
Builds
retirement income
As
the business grows, you make more, and work less
Recruiting Process:
Proactive
through many marketing "pillars"
Culturally
Targeted
organization knows who are ideal prospects
Organization
has clear value engine to bring to market (clarity)
The People: (Heavily weighted
towards the upper tiers)
Key attributes -
Entrepreneurial
- Want to be in business
Long-term
thinkers - Willing to invest several years to make full-time
income
Persistent
- Not easily deterred by negatives from family, friends, and
prospects
Ethical
persuaders - Seek win-win in recruiting and building organization
Understand
business - Know business needs a vision, systems, processes
Credibility
- Can get people to meetings or onto conference calls
Leadership
- People follow them and trust their recommendations
Contacts
- Have a "warm" market that's been nurtured over
time
This group makes up approximately 23% of a good business
or mlm opportunity lead
list.
2 - Linear Growth
Then Levels Off
Characteristics:
Self-Employment
model
Trade
time for money
Little
or no leverage
Must
continue to work in the business to maintain it because of
missing leadership
Requires
50-70 hours per week time commitment to maintain
As
the business grows, you have to invest more of your time into
it to maintain it
Recruiting Process:
Initially
starts with top tier people but lack of focus causes everyone
to "sponsor down" quickly
Generally
a handful of heavy hitters driving the business.
Reactive
- No marketing pillars to "attract" top tier people
The People: (Heavily weighted
towards the middle tiers)
Key Attributes:
Mid-level
credibility
Limited
sphere of influence (People tend to question their recommendations)
Because
of this, they want to focus on building a business outside
their warm market
Not
overly persuasive or persuasive with manipulation
Tendency
to be swayed by others opinions
Tend
to give up easily, and move on to the next opportunity
They
typically recruit two to three people into the business
You
will find the majority of the MLM "junkies" in this
group.
This group makes up approximately 57% of a good business
or mlm opportunity lead list.
3 - Diamond Shaped Growth
Business
(Most often-seen shape of an individual MLM organization)
Characteristics:
Grows
and dies
Leadership
comes in and leaves quickly
Relatively
short life expectancy
Over
time, you work more and make less money
Very
unstable
No
long-term wealth creation
Opportunity
cost high
The Recruiting Process:
A
very small number of top tier people at the top
Usually
the growth is driven by tight core of people
Middle
tier people in the middle of the organization and lower tier
people at the bottom
The People:
Lower
tiers anchor the organization
Little
to no credibility
Small
circles of influence
Limited
resources available for prospecting
Can't
attract what they aren't
Not
taken seriously by prospects
Don't
take the business seriously
Quit
auto-ship quickly
A
lottery mentality
looking for something for nothing,
or "fast money"
This group makes up approximately 20% of a good business
or mlm opportunity lead list.
DISCLAIMER: Successful
leaders and organizations are found in every tier. Our formula
is meant only to weigh the probabilities of your MLM leads
list in your favor. Think like an insurance company. Run your
business based on the predictable odds, and you'll live the
lifestyle only network marketing can provide.
Click here
to optimize your MLM leads list.
|