Folks are attracted to network marketing for the

Folks are attracted to network marketing for the promise of an new life. A new level of revenue... A chance to make a change, yet few people ever make that change. Typically the failure rate in network marketing is finished 90%. Why is this so when many people come to the industry with good motives?

The answer is simple, really. The people exactly who make a hundred thousand dollars or more in network marketing follow and educate three simple principles that hold real no matter the company, no matter the compensation method, no matter the product.

The three key guidelines are

1) Autoship

2) Understand the compensation plan

3) Practice and teach a duplicable system

What exactly is autoship? Autoship is simply your arrangement to receive a certain product or service that is valuable to you in exhange for a month to month fee. If you have bills you are participating in someone's autoship program. Every software program and most banks practice autoship. You should accrue some advantage through autoship whether that advantage is a lower price for a product or the waiver involving monthly activation fees. In the case of your current cell phone service, for instance, you are avoiding a new activation fee each month simply by subscribing to a cell phone plan and even paying for the service monthly. Your cell phone carrier can predict their own monthly revenues based on the number of users they have, indeed, their monthly members constitute a large portion of the value of the cell phone carrier's business. You have the benefit of knowing that your cell phone service can be purchased on an ongoing basis as you need it. Another example is a bi-saver loan payment plan. If you are participating in a bi-saver mortgage program you are agreeing in order to regular bi monthly payments in exchange intended for long term interest savings on your bank loan. Since you already have your mortgage, are usually product being autoshipped?

Your dollars with your bank's business accounts.

Many people thing to the autoship feature of multilevel marketing companies they look at as a main disadvantage to joining a company. They will see the autoship feature as a flexible expense. I recently spoke with a partners from another company who had 700 distributors in their downline. They were discouraged because they had no income. Their particular company did not promote autoship. Neither of them did they and their income was initially zero. If Fortune 500 Organizations use autoship, why not incorporate that will feature into your business?

Distributors that make 100, 000 or more inside their respective companies promote and use autoship.

Know the compensation plan. What exactly is so special about your compensation system? The compensation plan was designed to produce money. Every compensation plan incorporates a series of steps or building blocks where you can progress and make more money. Each company usually has starter kits that will fit into the compensation plan in such a way that you can maximize the way in which you build your business. As an example, your company rewards an individual for building 10, 000 inside volume points over a month. You could have three packages to help new marketers get started with. One package is worth 90 points, another is worth 500 tips and the other is worth 1250 factors. Which package allows you to build typically the fastest? Which the slowest? Which allows someone to build with momentum, which does not?

You must always have value in mind for your new distributor no matter which package you promote. If you put people in to the highest priced package because it advantages you, your business will not last long.

Sellers who make 100, 000 or maybe more in their respective companies promote the greatest value package their company provides, understand the value that package presents to new distributors and educate their teams to do the same.

Exercise and teach a duplicable program. Your team must be using a duplicable system. Your potential sponsor may tell you that actions XY in addition to Z are what the team may, but are those truly the actions your potential sponsor does? Is your potential sponsor using landing pages together with generating his or her own super qualified leads via the internet while telling you and the rest of their team to buy leads? Did your potential sponsor have systems in place that sift and sort potential buyers so that he spends his time with only the most qualified prospects student loans while the rest of the team makes "courtesy calls" to lists of untrained leads? Does your sponsor tell you to have a list of 50 to 100 names while he actively seeks out and about new business partners with networks inside the thousands? Does your potential sponsor let you know to leave business cards in restrooms and book stores while this individual actively runs advertising campaigns in the local pieces of paper or on line?

Distributors who create 100, 000 or more in their particular companies have systems that a new person can tap into out of the door. If they are building with a web-based option, they have websites, infrastructure and teaching that a new associate can make use of for a small fee. Distributors who help to make 100, 000 or more understand the associated with duplication and readily share with their teams their success strategies in order that their team members can duplicate their success.

There you have it, the key principles to a 6 figure network marketing business. In order to recap they are

1) autoship

2) know the compensation plan

3) practice and teach duplicable systems

Practice and teach these principles and will also be well on your way to creating a 6 number network marketing business.