Tuesday, August 12, 2008

Earning Extra Income-How Building Trust Builds Your MLM Fortune

With the desire of earning extra income, building trust in others is an element of importance.To build your future and your fortune in MLM or any other business, you've got to look at the long-term. Of course you want to plan to be profitable as quickly as possible. But you need to plan for how you will build your business week after week, month after month, year after year. A lot of people say they aren't looking for "get rich quick," but if they aren't making fistfuls of money within 6-8 weeks, they are history. Reality is. It seems most people come into MLM without a great networking database from their past. And you can't build a networking business without a database, so that means they have to create a new group of people who know,like and trust them. You can't do that overnight. First thing you need is to build trust with well-targeted prospects. You can do that by providing real value, something that costs you nothing or very little, but which is very valuable to the person you give it to. You could use an ebook or audio or video or some other piece of content which will really help out your prospects. In exchange you get their contact information and permission to talk with them. As Humphrey Bogart said in "Casablanca," that "could be the beginning of a beautiful relationship!" When you talk to anyone about joining your MLM business, one of the most important factors in their mind is the training. They need to see that you or someone in your group is doing real training, and that it's easily accessible for them, and that it's not an overwhelming course. Plus, they want to make money as quickly as possible. If it's a training course that takes weeks or months, you will lose them. So they need to see that it's quick and easy. The thought process is, they quickly realize that they will need help training the recruits they bring into the business. The more time they have to spend training, the less time they will have to actually bring in new people. So the ideal situation is to be part of a team that does training for all the team members and the new associates they bring in. Have them listen in on some of your training calls and show them all the help they'll get. Make sure they have your email & phone number, plus your sponsor's, so they can get in touch with you whenever they need to. Your recruits want assurance that you will be there for them.You'll learn a lot about these aspects of network marketing and much more in the ebook "Success In 10 Steps" by MLM veteran Michael Dlouhy. This ebook is free, and it's part of a very effective lead generation system that Dlouhy sells for only $20 a month. The book content strictly targets frustrated MLMers - those who have worked at building their downline without much success. Dlouhy spells out the "make a friend" formula that he has used, which has been very effective. Networkers really find this way of doing business pretty easy, which is probably why the lead generation system has been so productive helping people earning extra income.

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