Build Your Network Marketing Empire by Focusing on the Numbers
Do you envision of yourself walking across a stage at a network marketing convention, the lights shining down on you, your team cheering you on, and you being honored for your outstanding accomplishments? Whether you are building your network marketing business full time or investing just a few hours a week, if your dream is to advance to a high level of leadership within your company, you simply must learn to build your business strategically.
How do you do this? The answer is to keep your focus on the numbers and the results will take care of themselves!
Now, many network marketing professionals will share that they would rather do just about anything rather than crunch the numbers, because by nature we love people, not numbers. However, if I was to tell you that building your business by the numbers will result in higher sales, more bookings, and consistently welcoming new recruits to your team each month, would you consider the possibility then?
What do I really mean by building your business by the numbers? It means making sure that every day, every week, and every month you make a connection, share your business opportunity, and talk about your opportunity with enough people so that you are assured recruiting and booking success. How many is enough you might ask. If we look at the network marketing industry average, we will discover that for every 10 people we talk to about our business opportunity, we can expect to sponsor about one new person onto our team.
But wait! We are very busy people with full lives and other obligations. So how in the world will we be able to talk to that many people each and every week? The answer very clearly is to use technology. You can do webinars, telephone conferences, and other things to speak to these people. They will be free qualified prospects who are very interested in your products and your opportunity and accepting of the way you do business. The people who are willing to attend these functions often are opportunity seekers who like to meet new people and love learning new things. Does this not sound like the kind of person you like on your team, of course it does!
Let’s take a look at this statistically
1. You consistently worked with your downline to have at least 10 people present ay each teleconference, webinar, or event that you are holding.
2. You include compelling sponsoring seeds throughout your presentation.
3. You offer each guest the opportunity to learn more about the business of their own, then you would potentially fine one new recruit from every event.
Just imagine the possibilities of presenting your opportunity to 520 people simply by holding one event per week for an entire year. With a one out of 10 closing ratio, that would result in approximately 52 new, quality people add it to your team! How was your bonus check would ban?
What is wonderful about building your network marketing business by the numbers is that it is simple, repeatable, and keeps you focused on your efforts rather than on the results. As you become more skilled at sharing your opportunity, your closing ration will improve and your team will grow even faster.
Copyright A� 2011 Derek A. Smith.