I am so sick and tired of people promoting auto-pilot, no selling required Internet based downline building and customer acquisition systems online. They do not work.
You may get a sale here and there, but how long will that business stay on the books? Not very long because you don't have a relationship with that individual.
MLM is a relationship business. More accurately, a mentoring and coaching business where your duty is to help others achieve THEIR goals, and in return, you will attain yours.
Here are some things that I learned from my mentor Michael Dloughy. He calls this the 5 Pillars of Success that will help you create walk-away, residual income with your MLM business. Use it as your rule and guide.
Here they are:
- Company management has experience in network marketing and is currently building an MLM downline organization
- Timing in the company and timing in the industry is right. For instance, don't join a company that has been in business for less than two years and that is positioned in an obsolete or soon to be onbsolete industry. Would you join an MLM selling vinyl records? Also, how many Internet marketing guru types do you know who have built a successful, vibrant MLM organization? Hmmmm...
- Remarkable products that people would buy even without a compensation plan attached to them.
- The compensation plan rewards top builders as well as fairly rewarding the part-time person. By the way, studies show that 96% of your team will be part-time people
- A "proven" duplicatable system that allows part-time people to create significant royalty income and full-time people to create extraordinary royalty income
Use the above as your reference sheet to keep you on track when trying to build your MLM business and feel free to get more free tips by going to www.GetABackupPlan.com.
I hope this helps you avoid stepping in the poop...
Tyrone Turner
2 comments:
I am in total agreement with this. I attended the seminar with Michael Dloughy, and I found it so enlightening. I believe that if a person really wants to earn residual income -- residualwalk-away income, that person must first look at the company according to the 5 Pillars of Success, which Michael Dloughy spoke about and which Tyrone speaks about here. See if the company you are looking to align yourself with meets these criteria. Looking at and listening to people, building relationships with people are those things which are going to help grow your business and give you residual income. And you have to look at people as people -- not as dollar signs. People do business with those that they know, like and trust -- not with systems. So in the end, relationships work and help establish and grow a business. If you want residual income, you have to work on your "people skills" -- not your system skills.
Wow, Tyrone you are a "STAR". Great video. You hit all the high spots of the 5 Pillars. These are the things that we need be "successful" not what the company needs to be "successful". If you need a closer look go to Tyrone's website. Download the e-book and Tyrone will give you a call and answer all of your questions. To Your Success.
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