Mark Yarnell taught me that if you aren’t talking to at least five to ten MLM Prospects per day, you aren’t serious about your network marketing business! This advice applies to part-timers too.
I have to agree with him.
Most network marketers fail. Ask anyone on your team if their team is growing and you will probably have them look at you like a deer in the headlights.
Whenever someone tells me they are struggling in their network marketing business, I always ask them “how many people did you share the business opportunity or products with last month?” In most cases, the answer is “no one” or “one or two.”
Well, you can’t build a successful business of ANY KIND if you don’t share it with others.
Most people don’t grow a successful network marketing business because they don’t work the numbers. They don’t share the business opportunity or products with enough people to experience any kind of growth.
As a result, they don’t sponsor many people (if anyone) or get many customers.
Selling is a numbers game. Regardless of what you sell, you have to get your offer in front of a lot of qualified prospects, if you want to make sales.
If you only talk to five to ten people a month about your network marketing business (or products), your business won’t grow.
If you talk to 10 people a day, every day, about your network marketing business for an entire month, your business will explode. Here is a hypothetical example of what you might expect if you talked to ten people a day for an entire 30-day month.
- Approach 300 prospects about the business
- 100 agree to presentation
- 50 show up for presentation
- 5-10 people join your business
Once again, this is a hypothetical example and individual results will vary. As you improve your prospecting and selling skills, your conversion rate will go up.
The # 1 reason that people don’t talk to enough people each month is because they don’t know how/where to find these prospects!
They also fear rejection.
That’s where lead generation plays an important role. Anyone who wants to build a large network marketing business has to learn how to approach people OR advertise their business so people will contact them.
Until you do either of those two things, you will be at a stand still in your business.
Personally, I think it’s best just to learn how to contact people. Most of us come in contact with hundreds of people each day. All we have to do is put a smile on our face and be friendly with some of these people, and we will have an endless flow of prospects.
If you aren’t willing to prospect people, then you will have to learn how to advertise and generate your own leads. I have other articles about how to do that on this website, so feel free to read those articles.
The bottom line is that you have to work the numbers to grow your business. If you want rapid growth and momentum in your MLM Business every month, you need to approach five to ten people per day, MINIMUM. The more the better.
Do this consistently, and you will find plenty of new reps and customers for your team.
Fail to do it and you will keep getting the results you’ve been getting.
What are your thoughts about how many MLM Prospects you should approach every day? Leave a comment below to let me know what you think.
*** This is part of a mini-series of Mark Yarnell quotes. Read the original post.