I watched a great YouTube video some time ago of a 7-figure MLM MONTHLY earner (the video has since been removed). The gentleman’s name is Rolf Kipp. He is the top earner with Forever Living Products.
I have tremendous respect for this guy. He’s been with the same company over 20-years now and he is the number one earner in his company. What he did to become successful is absolutely amazing.
He’s personally sponsored hundreds of people through the years, probably thousands, and he worked his business 7-days a week, full time, for the first seven years, without taking a day off. Not many people would be willing to do that.
He gave a speech at his company’s annual convention and shared his success formula. He talked about what YOU would need to do if you want to achieve the same level of success that he has achieved.
I found the training/speech very enlightening and helpful so I figured I would share the highlights of it with you in an article. His four tips for success are in bold. After each tip I share my own two cents on it and elaborate on each point. I hope you find it as helpful as I did.
Advice from a 7-Figure Monthly MLM Earner
# 1: Approach five new contacts every single day
Whether you are working your network marketing business part-time or full-time, you need to contact new people every day. This is non-negotiable.
As a part-timer, you should connect with at least 5 to 10 people daily. As a full-timer, you should reach out to minimum 30 to 50 people daily.
This is not impossible to do and does not need to be done face to face. Instead, you need to choose a few simple lead generation strategies that work for you and focus on that.
The more people you talk to the more money you will make. And you increase your “success ratio” by talking to better quality prospects and working on your skills.
# 2: Sell five products daily
I’m guessing you hate to sell. Most people do. Oh well. You need to get over that.
If you are an entrepreneur of any kind, you are in sales.
You need to remember that we ultimately get paid to move the products. If no one buys the products, you earn nothing. Every distributor in every company should personally have AT LEAST five to ten retail customers that they service each month.
To acquire five to ten loyal, repeat customers, you’ll probably have to find about 20 customers. It won’t happen overnight, but it’s a good goal to strive for. Aim for one new customer a week and you could find 52 new customers in a year.
Be a product of the product. Use the products yourself so you have a good product story to share with others.
Keep a small inventory with you at all times so you can make an immediate retail sale when people want to make an impulse purchase.
What would your team look like if every distributor had five to ten active retail customers? Your volume would go through the roof and more people on your team would be making money. This is often one of the most overlooked things in our industry: FINDING CUSTOMERS.
# 3: Sponsor five people a week
Sponsoring five people per week sounds like a huge task to most people, especially if you’ve never sponsored more than one or two distributors in a month.
Keep in mind, it is possible. You just have to take massive action and work the numbers. If you are talking to a large pool of new prospects every single day, you should consistently be sponsoring new people.
Most people in our industry don’t even share the business with one person a month, let alone five to ten people a day. This business is a numbers game. It always has been and always will be.
You’re going to have to work through a bigger pool of numbers in a quicker amount of time if you want to step up your personal sponsoring.
The real key to success with personal recruiting is to keep your pipeline full at all times. Strive to maintain at least 100 people in your pipeline at all times, and you should easily be able to sponsor one person per day.
# 4: Find five ways to grow your business daily
I love this tip. We should all look for different things we can do to make more sales, find more prospects and sign up more reps. Think outside the box. Look at the masses and do the opposite.
We should also look for ways to be more effective and more efficient. That being said, I think it’s best to focus mostly on one or two primary strategies until you have it mastered.
Spend 90% of your time and money on those one or two strategies, but by all means try different things with the other 10% of your time.
The biggest problem I see in our industry is people spreading themselves too thin. They try to do so many different strategies at once that they end up with information overload, feeling overwhelmed, and end up doing nothing.
To put things in perspective, I built my business by blogging, Craigslist ads and solo ads. Those are my top three leads sources. Most of my time and effort is revolved around tweaking, improving and mastering those strategies.
However, I take time each week to brainstorm new things I can experiment with. Most of these things don’t work out well, but occasionally I hit a home run. And when I do, it more than makes up for the things that didn’t work out.
There you have it folks. These are four tips I learned from a 7-figure MLM monthly earner on how to become a MLM Millionaire. This guy has been there and done that and knows what he is talking about.
What do you think? Are these goals doable for most serious people? Why or why not? Leave a comment below to share your thoughts. I look forward to hearing from you.