Give Us Your Most Pressing Questions About Building Your Network Marketing Business
Frank and I would like your most pressing questions about building and maintaining your network marketing business. We'll get to as many of them as we can during the teleseminar.
Just post them as comments to this thread.
Willie
Just post them as comments to this thread.
Willie
posted by Team Success at 7:15 PM
5 Comments:
Hi Guys,
Willie, since I have worked with you at FFSI and watched you become one of the top recruiters there I would like your opinion on what you think is the best way to keep your downline motivated to grow the business.
In addition to good support from your upline what else do you suggest?
Thanks,
Jim Duggan
When building your own business from scratch (i.e. without an active upline) how can you do to ensure that the system you're creating is duplicatable?
What are your recommendations in regards to the age of a company as a criteria for choosing a MLM opportunity? Would you rule out start-ups altogether? Is there such a thing as a company being too mature in terms of its life-cycle?
How do you evaluate compensation plans? Should the comp plan be the most important factor when choosing a company, or are other factors more important?
Once a viable opportunity is identified, how should one go about finding the right sponsor?
Can you really build a large downline on the internet? It seems that most companies recommend contacting the warm market first, then buying leads to cold call.
What is the truth about how much product has to be sold to qualify an opportunity as a MLM, and not a pyramid or ponzi?
How's that for a start?
John
Hi Willie,
I've been in an mlm for over 3 years, very part time, while I care for my 3 sons (3, 5, and 6). My largest monthly check was just under 5K. My current residual is approx $1,550/monthly.
Here are some questions I've had, and been hearing from my downline:
How successful are those that build their downlines exclusively over the Internet at maintaining their people as customers/distributors (whatever you call 'em in your company!) Most of the big mlm money-earners have done most of their business belly-to-belly... is that changing trend?
How do you go about putting together a solid-business-plan for your new mlm, when you don't know who you'll be recruiting, or what they'll do?
Can the meek-and-mild-shy-people succeed in mlm?
What is a good way to ensure that you will be sponsored by a "good sponsor" when beginning an mlm?
Let's get real- how much work does it really take to earn X dollars?
What are the mistakes that newbie-mlmers make that should be avoided?
Good Luck:)
JL
Willie,
Several years ago I was with a MLM that was a member of the BBB and had a good reputation. They were in business for over 5 years. I spents a couple of thousand dollars with them and within a year, they were being investagated by the attorney general and no longer a member of the BBB. Is there any way to find out more about a MLM to see how financially secure they are before you invest? Also, to check their standings?
This was a big MLM with tens of thousands of distributors.
Charles
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