Tip Sheet Four: Change the Focus to
Strategic MLM Management
For
want of sounding like a Corporate Animal, the World of MLM
from an individual Distributor point of view needs to change
from one which is mostly Tactical Advertising to one which
is all about real Strategic MLM Management.
Let's
face it, MLM from the Distributor point of view is struggling
massively.
We've
been institutionalised into behaving like cloaked 'Sales Agents'
for Home Offices whose primary goal is to make money.
In
that journey, Distributors have risen to the challenge and
taken on a lot of the risk marketing other peoples business
for free! I say for free because most are NOT earning any
money!
It's
no wonder that traditional Business sees MLM as a joke!
MLM
Downline attrition is still high, and it's highly likely that
more than a quarter of the 30 million active Network Marketers
operating today have no downline at all; and if the numbers
are to be believed more than 95% of all Network Marketers
earn nothing!
So
in today's highly competitive MLM Industry, if we Network
Marketers are really going to achieve anything like the kind
of income most aspire to, then we need to increase our collective
focus on strategically building a real MLM Business under
pinned by a large Customer Base and Revenue.
What
is Strategic MLM Management?
OK
then
Let's
ask ourselves a question:
How
do we make money in MLM?
If
you check out my very first Tip Sheet here:
http://www.mlm-friends.com/MLM_Tips_1.pdf
you'll see one example how you can earn $2,000 a month
In
this example you would need to have a downline of 606 people
who each spend $100 on product EVERY MONTH. This would generate
$60,600 revenue across your Group every month which is over
$720,000 a year. In this example your earnings per annum would
be $24,000.
Strategic
MLM Management is the thinking and process that delivers this
outcome.
Strategic
MLM Management is the framework by which all of the Distributors
sign up to autoship and buy product on a month on month basis.
Strategic
MLM Management is the foundation by which all Network Marketers
understand that they can earn more this way whilst also working
less and spending less on advertising, for instance.
Therefore
Strategic MLM Management must concern itself with the actions
of everyone concerned; and where everyone relishes the chance
to come together to collaborate.
To
be clear, in the above example, where you have a Downline
of 606 people, every one of those people needs to understand
where they fit in the process and where they fit in
the overall Organisation.
That
doesn't mean to say that you need to sponsor over 600 people
far from it no, the usual process of sponsor 3 who sponsor
3 applies only this time this option via Strategic
MLM Management everyone involved understands that if
they follow this path then they will earn more than if they
were to continue to operate pretty much on their own.
This
is the key.
It's
not about signing up to any opportunity
It's
not about advertising
It's
about developing the relationships whereby hundreds of people
want to get together develop a small business where everyone
just does what they need to.
Now
if we really want MLM to work as it was designed to work (i.e.
every Distributor only does their small bit); then those 606
people we spoke about earlier, will also want to earn $2,000!
( bear in mind that 95% of those 606 people will most
likely be earning nothing anyway)
So,
Strategic MLM Management has to support the actions and relationships
of 606 people x 606 which comes to over 367, 000 people. ( again
we shouldn't forget that in today's environment most of those
367,000 people aren't earning any money either)
Now
if we can overcome the reticence, the lack of MLM credibility,
the poor communication, the poor training and everything else
that causes people so much pain promoting MLM then we each
have a huge potential to finally build a hands free, low maintenance
business where everyone achieves growth.
Today's
MLM environment is pretty much like this; an environment where
people jump from one opportunity to another in the blink of
an eye; where many fail to buy product or sign up to autoship
so we ALL need to go:
Strategic MLM Management requires that everyone understands
their best option
It
requires, that people just do their small bit to drive revenue
and growth, and it has to start somewhere, otherwise we'll
always be going round in circles achieving very little.
So
our Top Tip today is get involved in real Strategic
MLM Management