Continued from The A-Z Of Network Marketing (Part 2)
K is for KISS. No I am not asking you to kiss someone’s a$$ into network marketing. KISS stands for Keep It Simple, Stupid. Many professionals are into network marketing because this is a highly lucrative industry that offers very lucrative compensation plans. Some of these professionals are very capable people who already excel in their own work. Needless to say, they are also smart people. However, we must understand that network marketing needs things to be kept simple and not complicated for the model to work well. The business model must be simple and easily duplicable. Therefore, take note not to bring in new ideas into your organisation and even if you do, always check with your uplines first.
L is for Leverage. Leverage is the only reason for this business to do so well. In fact, leverage is the reason how ordinary people can become millionaires in this business. In network marketing, the power of leverage are often demonstrated through the compensation plans. The 5, 25, 125 plans explain how you can use the power of leverage to grow an organisation to a huge size through effort and time. Downlines leverage on their uplines experience and knowledge and uplines leverage on their downlines’ network and work hand in hand.
M is for Meetings. This business is about meeting people, and bringing people to meetings. To succeed in this business, you have to make it a daily routine to meet people. Nobody can succeed without meeting people and bringing them to their meetings. Meetings, when effectively used and leveraged upon, can grow the team exponentially.
N is for Name List. Every new distributor starts with their name list in this business. This is a very critical step in this business. Without a clear written name list, you are like shooting into the pond with a pistol trying to get a fish. With a name list, you know that you have a fishing rod with bait and are more likely to catch your fish. However, if you have a huge, extensive and ever growing name list, you are like catching fishes with a fish net. The longer and more detailed your name list is, the higher the chance of achieving the outcome you want.
O is for Open-Mindedness. You will be surprised that even today, there are many people that are not open to network marketing. Some will think it is a scam, others will think it can work for you but not for them. Your role as a network marketer is to open the hearts and minds of those you approach, and show them that network marketing is a profession that is as real as its rewards.
For more A-Z of Network Marketing, stay tuned.