Tag Archives: network

6 Tips on How to Build A Powerful Referral Network

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6 Tips on How to Build A Powerful Referral Network

As a solo business owner, you sometimes feel like Lone Rangers on our own, trying to figure out ways to bring in more clients. A business owner survival and growth depends largely on bringing in new clients. Who wants to be alone on the range, single-handedly trying to figure out how to bring in clients and expand business? That takes tremendous energy, and hard work to produce average results.

Instead of operating on your own, there are ways to creating a sales force of people happy to refer business to you. Think about how big companies increase their sales. They have large sales forces out there selling their products. The sales people are educated about the product, calling on prospects, and are paid commissions based on the number of accounts they bring in. One of the differences between a big company and you is that YOU are the one. You are your sales force, that is, if you operate as a Lone Ranger.

An effective way of creating your sales force is through your referral network. A referral network is a group of people who already know you, understand your business, and can refer people interested in buying your product or service. With a powerful referral network, an unlimited flow of quality prospects start coming to you quickly and effortlessly. You never have to cold-call again! This is the easiest and most effective way to establish an ongoing stream of warm leads.

Building a referral network begins with educating people you already know, your clients, colleagues, friends, and people you meet. You want to clearly articulate what you do, who your ideal client is, how your product or service helps your clients, and whats unique about working with you. Once these people are educated about your product, they become your own sales force. However, just like any sales force, it helps to motivate them to sell by giving them something special as a thank you.

Consider offering a referral fee or a special gift to those people who refer business to you. People will be motivated to refer business to you, if theyre rewarded for it.

By organizing a healthy referral network, youre going to be able to rely on other people out in the world, all educated about the merits of your product or service, willing to become your marketing machine.

Here are six steps to follow that will help you set up a powerful referral network.

1. Change Your Mindset: For some people, theres hesitancy when it comes to asking for referral business. We have thoughts like, They wont want to help me, or How do I even ask? Before you project these fears, step back and consider. If a customers satisfied with you, theyre delighted to help you out. Also, people in your personal and professional circle who believe in you, want to help you grow.

2. Be Proactive: Rather than waiting for people to offer referrals, ask, because more than likely, they dont think to offer. Occasionally, they may say to you I told my friend about you. Its really great when that happens, but dont rely on it.

3. Write What You Want to Say: To help you gain confidence, write the words you want to say. Then practice saying it aloud until youre comfortable with it. We all feel uncomfortable doing something new. Its just like going to the health club and working out. You have to use that muscle over and over again in order to build strength. Its the same thing with asking for referrals.

4. When to Ask a Client: The best time to ask a client for a referral is immediately after youve received a compliment, and/or once the sale is closed. Once your client utters the words, Im happy working with you. I really have enjoyed this. Thats your cue to ask if theres anyone else they know who would benefit in the same way from your services.

5. Referrals Fees: Establish a referral program whereby people receive a referral fee or special gift for the people they refer to you. Let your referral network know in advance what they can expect in return for their referrals. Giving referrals works both ways. If people refer business to you, tell them you will do the same for them.

6. Keep Track: Once the steady flow of referrals starts coming in, its time to start managing all these leads in an organized manner. There are several software programs designed to you help track your business and referrals. Outlook, ACT, and Goldmine are several software programs to check out.

Internet Marketers and Social Network Marketing

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Internet Marketers and Social Network Marketing

Marketing on Social network sites is not as easy as you think. It relies on a lot of user interaction, especially with existing contacts. Know the benefits Social sites can do to your business. Understand how social networking can drive targeted traffic to your website today.

Social network sites are the new breed of online social hubs. More and more users turn to social networking sites to find loved ones, reconnect with old friends, or even host a high school reunion. However, social networking sites offer more than just meeting new and old friends, it can also be an avenue to promote your latest book, show online users about your website and updates, or even use the social sites to promote your views and agendas. Social network sites or User-created content sites like blogs, forums, are basically places online where users can congregate to share information, give advice, or work on similar interests. Users flock social network sites, making it a good vantage point for web marketers to launch their products.

There are two types of marketing involved over social networking sites. Different types of individuals who promote their products or skills over social networking sites often employ varying tactics to get their message across. Several online marketers employ the use of the comments system on social marketing sites to post information about their products or use social sites to improve search engine placement for their websites. Though some web marketers would go overboard with the promotion and quite literally spam their target audience with useless data just to lure them to clicking a link which will direct them to the website being promoted. Other types of web marketers employ a subtle technique of social engineering to make users trust them and to make them purchase their products or click on a link to their main website. Other marketers would go as far as using black hat search optimization techniques to force web browsers into redirecting to another site. This type of marketing is not allowed on most social communities, and could get you banned on that social site, if caught.

Taking the different strategies piece by piece we identify different patterns on how web marketers coordinate their efforts to capture a wider scope of online users on a social networking site and achieve better search engine placement for their websites. Web marketers who operate viral marketing strategies often use software tools that will allow them to harvest different user profiles or account numbers, which they would use to send or post messages on. Web marketers meticulously gather user details and interest, and seek out vital social community sections like forums and rant pages where their messages can go around with the least possible chance of getting erased by members. Web marketers usually lace their promotional words with entertaining music or videos. But this can still be the tip of the iceberg on the grand scheme of online promotions. Once you give into the advertising, you will see yourself clicking on different links which will make you download or get redirected to another website which can force you to download a certain application or Trojan which they can then use to either force your browser to redirect to other web pages when you are browsing or quite literally force your computer to accept different ads from their website.

Social engineering on the other hand employs more interaction between the marketer and the end users. Web marketers who employ social engineering often use chatrooms or utilize the email system of social network sites to send messages to users. VoIP or Internet telephoning can also be used to improve marketer and user interaction. This type of online marketing may take awhile to be realized, but is often more successful in landing repeat customers, if done right.

10 Tips To Make More Money In Network Marketing

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10 Tips To Make More Money In Network Marketing

Network Marketing is an excellent way for the online peope to make an extra income. This business concept has been around for decades, and it will not disappear any time soon. The reason for its popularity is simple… It Works! It does however, require lots of work and most importantly, dedication and persistance to get the job done. The best part is, once you are able to set up a solid network, your business becomes MUCH less time intensive. Almost like going on “autopilot”. The key is to get there as fast as possible.

Here are 10 tips to maximize your Network Marketing Business.
1. Use your products regularly. This is Number 1 for a reason, this is the most ignored part of ANY network marketing business. How do you expect your business to succeed if you will not even use your own products? It does seem silly to even have to bring this up, but there are many who are not using their own products, and wonder why they are not making any money. Make a commitment to use your products for a year, and see where your business goes.

2. Educate yourself constantly. This is very important! You must rid yourself of negative ideas, sometimes referred to as “stinkin thinkin”. This can be done in a variety of ways. I recommend reading at least 15 minutes a day, but try to shoot for 30. Business and self-help books are a great way to start. Don’t forget your Multi-level magazines, as they are full of tips and advice. Lastly, listen to cassette tapes on multi-level tips from top earners in your business.

3. Spend as much time as possible with your upline. Your upline should have only one goal in mind, To Help You Succeed! They are a vast source of knowledge and information. Mingle with top distributors in your group, or other groups, and ask how they made it. Most everyone should be more than happy to provide you with excellent tips and advice.

4. Present your products and marketing plan personally to at least one person daily. Remember above when I said you are going to have to work, well here it is. Now here is the key, the prospects to whom you present your plan, do not have to be yours personally. Show the plan for your downline, and not only will you create “security” by placing members in your downlines’ downline, it will also give you a boost in your personal income! I can guarantee if you were to follow this rule for 6 months, you would create a downline with enough width and depth to create an income to sustain you and your family for life.

5. Care for your downline. An entire book can be written on this topic. Usually, it’s the little things that show you really care. Try to maintain regular contact, and always praise your distributor’s accomplishments. You can even offer incentives for specific achievements, such as money, travel, recognition, or other rewards, to help motivate your group.

6. Duplicate yourself by making distributors independent of you. This will help to multiply your time, thus making you and your group more effective. Always lead by example. Never stop recruiting, training and retailing. Remember the KISS formula – “Keep It Simple, Sweety” I know, I know, I changed the last word, but it maintains the meaning. This can be done my conducting simple, brief, yet dramatic presentations, and teaching your downline to do the same.

7. Create a large customer base. This is another largely ignored, yet very important, piece of your network marketing business. Many try so hard to build a huge downline, that they forget how much profit they could also make by selling their products to retail customers. Some people will just not want to become part of your downline, no matter how great a product/system you may have. This does not mean they will not be personally interested in your product. Try to make everyone your customer. Once you earn their trust, they will come to you more, and perhaps even join your downline later. Always “leave the door open”, as people’s needs do change.

8. Focus on your customers needs. You must give customers more than they expect, and always satisfy your customers complaints immediately. Try to listen 80% of the time, and talk only 20%. As stated above, your customers can be a huge source of future referrals and/or business. You must earn and maintain their trust. Once you have their trust, you can always ask for referrals, which leads to even more business and a larger downline.

9. Set daily, weekly, monthly, and yearly goals – and Write Them Down! You may have heard the expression, “How do you eat an elephant? One bite at a time.” Breaking up a larger goal into smaller easily attainable goals, is the key to success. You cannot just jump to the end, you have to make progress everyday. Writing them down is another largely ignored, important tip to help you succeed. A goal is just a “passing thought”, or “wish” until you put it in writing. That is when it becomes concrete and real. It is also a great idea to keep a business journal of your daily activities, as it will help you to become more productive and time-conscious.

10. Get Out There And Do It Now! All of the knowledge in the world is useless and unprofitable, until you put the most important ingredient of them all in place. This “secret” ingredient should come as no surprise at all, but this is the #1 reason for failure at anything in life. It is ACTION! Remember, knowledge is useless without action.