Friday, November 23, 2007

Ten steps to building a successful MLM business

The Internet is definitely the wave of the future. Dot-com fever is every where, and it seems that there is no cure. Fortunes are being made online and you want to stake your claim.
Here are a few key points to keep in mind as you develop and build your business –


1. Focus on the knowledge that you already have. Every web site, newsletter and online venture needs to have a Unique Selling Proposition or USP. This is something that sets you apart from the rest. Everyone has knowledge between their ears that is different and unique. Use it. Be willing to go the extra mile to make your product stand out. To further develop this, find other web sites and newsletters that are similar to yours. Study these and brainstorm about what appeals to you, and what you can do that is different.


Make sure your site is not another copy-cat web site. Nothing is worse than seeing the same information over and over again on many web sites. If you are offering Affiliate Programs, that’s great. But, develop your own sales letter and testimonials. Don’t just slap up a banner and hope it will make you millions.


Avoid constantly comparing yourself to others. Everyone comes to the table with different experiences, education, ideas, etc. If you are just getting started, you must realize that it will take time and many fine-tunings before you get your site, newsletter and product line just the way you want it. This is just part of the process.


View everything you do through the eyes of your potential customer. Make it about THEM, and not about you. Use the word "you" at least three times more than you use the word "I". Believe it or not, people don’t really care about you and what you have done. Turn your knowledge and experience into information that relates to them.


Tell people who you are, provide them with contact information and don’t be anonymous. Your picture should be on your web site, as well as where you are located, a phone number and valid email address. You don’t need to list your home address, but give them an idea of where you live. There is nothing worse than a web site promising you overnight riches with no contact information. I don’t know about you, but to me, this screams "SCAM" very loudly.


Automate your business as much as possible from the very beginning. Use autoresponders to provide highly requested information about your product or service. Autoresponders are also a great way to follow up and stay current with people that have expressed an interest in your offer. Most people do not buy on the first visit. Studies show that it takes 7 to 9 exposures before most people buy. If you give up too early, you’ll miss the pot of gold at the end of the web!


Use common business etiquette and manners. Avoid the use of slang. Remember, the World Wide Web is just that – world wide. You will never alienate an audience by using a professional tone, but you might if you get too casual. Other than blatant spam, answer emails, even if it is a brief acknowledgment. You never know when you will interact with someone again, so treat each person as your most valued customer. They might be!


Ask questions of others! Successful people love to offer help and advice. There are bulletin boards all over the Internet where you can post messages looking for help on a particular topic whether it’s how to design something into your site, where to get a merchant account or something else. If you don’t ask, you’ll never know. I learned through my first business project that people are successful for a reason. One reason is that they didn’t try to re-invent the wheel. If I can’t find the answer on my own, I’m the first one to post a message or send an email to someone that I think might have the answer. Try it! The responses and offers of help I have received from Internet millionaires are amazing.


Online marketing is great, but don’t forget to market your business offline as well. Every time you give someone cash, write a check or give your credit card, include a business card with it. Tell people about your online business and ask them to spread the word. Word of mouth advertising is better than any other form. Press releases, offline classifieds and traditional methods of advertising are important to your online business.


Build relationships and use networking skills online. Visit bulletin boards and newsgroups and offer real help and assistance. Don’t spam these places, but use a signature line promoting your business, if it is acceptable. If you are legitimate, people will remember you and it could be worth gold to you in the future.


I hope these tips will help you. The most important thing is to just get started. Don’t wait until you feel everything is perfect. It won’t be. It never is. You will probably make thousands of changes. Everyone does! When you are changing, you are growing and your business will, too!

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