5Linx distributors: Are you devoted to creating a gigantic business? If that's the case, read this entire article right now.
If you want to become a top earner, the way to do it is to implement a promotional plan that puts your message in front of thousands of people - not merely a handful of friends, family members and people you know.
You've got to learn to acquire customers and business partners the way nearly all legitimate businesses do: through marketing!
Below are 3 strategies 7-figure earners taught me I have successfully used to take my business to an entirely new level:
- Generate A List And Promote To This List
There's two basic ways to market your 5Linx business on the Internet profitably:
- Establish a list
We're not talking about a list of family and friends you already know. The list that matters the most is the list of prospects you generate through online marketing. You can't expect to succeed in 5Linx by just throwing up some content on your blog and on Facebook. You must execute a lead attraction strategy that entices prospects to reach out to you and ultimately buy from you.
Teach prospects business-building skills so you position yourself as a credible authority. Building a list means you have a website to which you drive visitors who enter their contact information in order to receive free training content.
- Market yourself to your list
You must stay close to your market, listening to your prospects so you can position offers that meet their business needs. This is an element that's key but few actually do. Developing strong ties with your prospects online is the key ingredient to succeeding as a marketer. The way to get prospects to feel they know, like and trust you is to be very frequent in your communications At the close of each piece of content, include a strong call to action for the reader or viewer to buy something from you.
- Add More Income Streams
Add other revenue sources to your 5Linx business. There's a lot of risk when you depend exclusively on your 5Linx opportunity. You never know if your top people will leave your downline. Market demand might weaken for your 5Linx product line. The managers of 5Linx might change the policies and procedures in ways that restrict your marketing.
you lower your risk when you diversify your 5Linx business income. You must keep focus on not let adding new lines of income distract from your 5Linx venture.
There are three main ways to diversify your revenue:
First, sell affiliate products. Sign up as an affiliate to promote the services, courses, and system you use in your business. Promote the affiliate products you feel are best, not just the ones that pay the most. Generally you get paid commissions of twenty to sixty percent.
Another strategy is to take your content and make it into a product. Sell recordings of your webinars. Bundle your videos into an e-course. Collect your blog posts and articles and make an e-book out of them.
Another strategy is to provide coaching to your students. As your expertise grows, you can raise your coaching prices and be more selective about whom you coach.
- Solve Your Attrition Problem
Attrition is one of the biggest problems 5Linx marketers face. 5Linx business builders are taught two tactics to boost retention, but each strategy creates other problems.
1) The first strategy is to assist your new 5Linx reps to get into profit quickly, so they have reason to stay in the game. When you attempt to help EVERY new 5Linx rep in your organization get into profit quickly, you spend LOTS of time helping your worst-performing new reps, the people who can't sponsor anyone by themselves. This takes focus away from your best people, the top 20% of your 5Linx downline that will drive 80% of all your income. By focusing on the wrong people, you foster dependency.
2) The other common approach is get your 5Linx team members to feel connected to your team, so the interpersonal connections and sense of belonging the person feels overcomes frustrations that might otherwise make them quit. 5Linx team webinars, live training events, and getting on the phone with your new people can all foster a team experience. This strategy can foster dependency. Many of your weaker-performing team members will stick around because they like being part of the team...But these people will NOT sponsor others by themselves routinely into 5Linx and will require LOTS of team support in order to stay in the game.
You're running a business, not a self-help group. A contrarian but effective approach to the attrition problem is to revise your business model not to boost retention, but rather to make retention much less important. To make attrition less of a problem, promote affiliate products to your prospects, which can easily add more than 10 affiliate income streams to your business. By diversifying your revenue sources, you are not as reliant on 5Linx for income. When you depend less on your downline for income, attrition matters less. Another solution to your attrition problem is to promote a high ticket direct sales opportunity (sometimes called a top tier) that pays commissions of $1000 or more per sale. Traditional network marketing opportunities like 5Linx pay out only about $60-$120 per new signup, so you must develop a large team and residual check to make a substantial income. If you earn a commission of $800 or more each time you sponsor a new rep, it's like you're earning 3-4 years of residual income checks up front, so it doesn't matter if this new person quits, because you get paid so much up front. This makes retention a non-issue.
If you want to become a top earner, the way to do it is to implement a promotional plan that puts your message in front of thousands of people - not merely a handful of friends, family members and people you know.
You've got to learn to acquire customers and business partners the way nearly all legitimate businesses do: through marketing!
Below are 3 strategies 7-figure earners taught me I have successfully used to take my business to an entirely new level:
- Generate A List And Promote To This List
There's two basic ways to market your 5Linx business on the Internet profitably:
- Establish a list
We're not talking about a list of family and friends you already know. The list that matters the most is the list of prospects you generate through online marketing. You can't expect to succeed in 5Linx by just throwing up some content on your blog and on Facebook. You must execute a lead attraction strategy that entices prospects to reach out to you and ultimately buy from you.
Teach prospects business-building skills so you position yourself as a credible authority. Building a list means you have a website to which you drive visitors who enter their contact information in order to receive free training content.
- Market yourself to your list
You must stay close to your market, listening to your prospects so you can position offers that meet their business needs. This is an element that's key but few actually do. Developing strong ties with your prospects online is the key ingredient to succeeding as a marketer. The way to get prospects to feel they know, like and trust you is to be very frequent in your communications At the close of each piece of content, include a strong call to action for the reader or viewer to buy something from you.
- Add More Income Streams
Add other revenue sources to your 5Linx business. There's a lot of risk when you depend exclusively on your 5Linx opportunity. You never know if your top people will leave your downline. Market demand might weaken for your 5Linx product line. The managers of 5Linx might change the policies and procedures in ways that restrict your marketing.
you lower your risk when you diversify your 5Linx business income. You must keep focus on not let adding new lines of income distract from your 5Linx venture.
There are three main ways to diversify your revenue:
First, sell affiliate products. Sign up as an affiliate to promote the services, courses, and system you use in your business. Promote the affiliate products you feel are best, not just the ones that pay the most. Generally you get paid commissions of twenty to sixty percent.
Another strategy is to take your content and make it into a product. Sell recordings of your webinars. Bundle your videos into an e-course. Collect your blog posts and articles and make an e-book out of them.
Another strategy is to provide coaching to your students. As your expertise grows, you can raise your coaching prices and be more selective about whom you coach.
- Solve Your Attrition Problem
Attrition is one of the biggest problems 5Linx marketers face. 5Linx business builders are taught two tactics to boost retention, but each strategy creates other problems.
1) The first strategy is to assist your new 5Linx reps to get into profit quickly, so they have reason to stay in the game. When you attempt to help EVERY new 5Linx rep in your organization get into profit quickly, you spend LOTS of time helping your worst-performing new reps, the people who can't sponsor anyone by themselves. This takes focus away from your best people, the top 20% of your 5Linx downline that will drive 80% of all your income. By focusing on the wrong people, you foster dependency.
2) The other common approach is get your 5Linx team members to feel connected to your team, so the interpersonal connections and sense of belonging the person feels overcomes frustrations that might otherwise make them quit. 5Linx team webinars, live training events, and getting on the phone with your new people can all foster a team experience. This strategy can foster dependency. Many of your weaker-performing team members will stick around because they like being part of the team...But these people will NOT sponsor others by themselves routinely into 5Linx and will require LOTS of team support in order to stay in the game.
You're running a business, not a self-help group. A contrarian but effective approach to the attrition problem is to revise your business model not to boost retention, but rather to make retention much less important. To make attrition less of a problem, promote affiliate products to your prospects, which can easily add more than 10 affiliate income streams to your business. By diversifying your revenue sources, you are not as reliant on 5Linx for income. When you depend less on your downline for income, attrition matters less. Another solution to your attrition problem is to promote a high ticket direct sales opportunity (sometimes called a top tier) that pays commissions of $1000 or more per sale. Traditional network marketing opportunities like 5Linx pay out only about $60-$120 per new signup, so you must develop a large team and residual check to make a substantial income. If you earn a commission of $800 or more each time you sponsor a new rep, it's like you're earning 3-4 years of residual income checks up front, so it doesn't matter if this new person quits, because you get paid so much up front. This makes retention a non-issue.
About the Author:
Ricardo Interpemian has educated thousands of business owners how to grow businesses like 5Linx.
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