Network marketing training is widely available these days through the companies themselves, trainers in the industry, and upline leadership. And yet, despite the availability of training, why are so many people in the industry still not succeeding?
The success formula for success in the MLM industry is simple but yet powerful: S + K + M + N = long term, stable success! Very few network marketing training materials address this formula and they should.
S = Skill set. As with any profession, a skill set is required to succeed. In network marketing, there are many types of skill sets necessary to make it. Prospecting, presentation, closing skill sets are all important, however, the lifeblood of any business is leads. A marketing skill set is a must in this day and age of network marketing. Unfortunately, much of the network marketing training out there ignores this skill set and focuses primarily on contacting friends and family forgetting that “marketing” is an essential part of network marketing! Focus on one marketing strategy, learn it, master it, gain consistent lead flow, and then add on another. There are many free marketing methods to learn before investing in the more costly paid methods, like pay per click.
K = Knowledge. Does a veteran in the industry who has been involved for more than 15 years and earning a 7 figure income possibly know more about the business than a novice? You bet! That veteran has “paid the price” to learn the business…all the ins, the outs, and the pathways to success. The veteran is surely an expert in prospecting, presentation, closing, and marketing. The more we invest in our skill set, the more knowledge we will acquire. The more knowledge we acquire, the more successful we will become.
M = Mindset. Personal development is also an essential part of network marketing success and again, many network marketing training materials sometimes omit this. If we fill our minds with uplifting, nurturing, self-development material, our attitudes will improve and as they improve, so will our ability to cope with the challenges of building a network marketing business. A positive mindset attracts success. A negative, pessimistic mindset repels success. A person who succeeds in network marketing must develop this part of the formula by reading and studying material that will help maintain a positive mental attitude.
N = Network. As we focus on S, K, and M…our network will grow. When we master a new marketing Skill, we increase the number of leads we generate and our Knowledge in that area grows. As we increase our Knowledge, we increase our confidence. As we increase our confidence, our Mindset improves. Then, our network continues to grow. As our network grows, so do our leadership skills. As our leadership skills grow, we are able to better teach our teams how to duplicate our success. It’s a self-fulfilling chain of events that take time, effort, and persistent to implement.
S + K + M + N = Success! Apply the formula, stay persistent, and success is guaranteed to those who don’t quit!
To increase your marketing skill set, visit our Network Marketing Resource Center
October 31st, 2009 at 2:01 pm
Other variant is possible also
January 17th, 2010 at 12:25 am
I love this post, Eddie!
Think about it for a second: You either have time or money. So, whichever you have more of, use it to invest in more knowledge! For your personal life and for your niche…
As the old saying goes, “Knowledge is Power.”
All Eyes On The Books,
Jaclyn
February 11th, 2010 at 1:13 pm
Hi Eddie,
The beauty of a clear, simple & concise message is that it is timeless. Great thoughts!
All the best,
Christina Hood
http://www.SuccessWithTheHoods.com
pamperedpilot´s last blog .. The Power of Baby Steps
February 16th, 2010 at 5:04 pm
Hey Eddie,
Great article – concise and informative. Keep ‘em rollin!
Andrew
Andrew Egorov´s last blog ..What is a Google Slap
February 26th, 2010 at 1:08 pm
Online marketing is not just for the effective product, producing a website or for letting customers buy items ongoing. Online marketing can also include how a business proprietor can engage a work squad. The amount of people who are studying computers, web design, and learning to host websites proves just how successful online marketing can make the employer, the employees, and the independent contractors. And with a comfortable Internet savvy team, your business profits can increase too.
March 4th, 2010 at 10:12 pm
I was just doing some web browsing on my Drioid during my break at work , and I happened across something I thought was interesting . It linked over to your site so I hopped over. I can’t really figure out the relevance between your site and the one I came from, but your site good anyway.
March 4th, 2010 at 11:51 pm
Good content, hard to find a quality site like this one anymore. Thanks
March 6th, 2010 at 12:06 pm
@Marco I know what your saying there . In the current economy its difficult to find a career that pays well and is consistent. I have found that if you just work hard and are consistent you can succeed. Look at the author of this page , they are oviously a hard worker and have just been consistent over time and are now enjoying at least what would appear as somewhat of a success. I would encourage everyone to just keep hustling and moving forward.
March 9th, 2010 at 6:26 am
Thriving affiliate platforms do not blossom one day to other. It takes a lot of care and influence. The gravy of e-commerce and the growing figure of mortals who possess ongoing businesses and have an expansion in associate marketing. More and stickier contest, given the opportunities to gain a win untold a position, integral of rocky market to retail merchants and advertisers have identified jest. On the other hand, however, if watched properly, it is very repaying.