The number one reason network marketers quit is because they run out of money to fund their business. You soon realized that your initial investment in your business was just a beginning and you must have a working capital to support all the expenses. Isn’t it interesting that in order to gain financial freedom you have to invest a lot of money first? You want to hear interesting facts that your company will never tell you? Here they are:
- 63 days is all it takes for the average network marketer to find himself out of business
- Your business expenses are going to be anywhere between 500-1200$ each month
- Whenever somebody signs up under you, you receive 3-7$. That is the average.
- Most of the people will NOT join your business
- Most of your commissions will be spent on funding your business
These facts which are the industry average clearly shows that for a network marketer to succeed it is going to have him talking to and signing up a lot of people. Most of them will not survive. These staggering conclusions hold true to most, but not to these people who learned how to market in a smart way.
Introducing affiliate marketing
Affiliate marketing has proven to be the number one method to get paid for people who are not going to join you. It seems like this gigantic industry has nothing to do with network marketing. Affiliate marketing is when you refer the people that are coming to you to purchase other products that would benefit them at a certain commission. Here I came up with 6 compelling reasons for you to seriously considering having affiliate marketing as part of yuor overall business strategy:
1. It runs on autopilot
All you have to do is set up your different affiliate programs once and write follow up messages in your autoresponder. Teach your target audience why they should buy the product or service. It is best if you actually use the product yourself before recommending it to your prospects. make sure that these products are highly needed to network marketers.
2. Residual income
It is great to make a one time sale but it is even better to have a redial monthly payment from affiliate services that have a monthly fee. It is yuor very significant additional income stream.
3. Funds your business
As I mentioned it is critical to have money to constantly feed your business. It is a great way to do it. You gain more momentum and the more money you make the more money you begin to spend on advertising and marketing.
4. Brands you as an expert advisor
Just the fact that you teach people and direct them to valuable resourses makes you the person they can trust more. You come as a person who sincerely wants to help them. There are numerous educational products today that can assist network marketers and people are more than willing to pay for them even if they have no experience at all.
5. Better retention rate
It is great that you now teach your prospects how to be much more profitable. Since they will have much less headache where to get the money to stay in the business, more people will grow to be great leaders in your team.
3. Absolutely relevant
This is the key to integrating affiliate marketing. You have to find products and services that are really going to help them build their business should they decide to do it with you or not.
You can actually create yuor own system but my advice to you is to find a system that is already working and capitalize on that. This is completely up to you.
Of course thar is a lot more to affiliate marketing than i could touch in this article.
To learn more about how you can integrate Affiliate Network Marketing in your business check out my MLM Training Center
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