Most network marketing affiliates go into this business because they think they can do it. They think working at home is the solution to their financial problems or financial future stability.
The vast majority of people have NO idea and NO concept of how to achieve their “financially free” designation. You can take them under your wing, introduce them to your opportunity but then the plan has to be in place to get them there OR they will quit.
There is a 1% conversion rate on the net. So you will need to talk to 1000 people about your business to get 10. So if you need 400 people actively working the business to attain $10,000 a month the multiplication needs to be worked out. So in 2 years (24 months) divided by 400 = 16 or 17 people actively working per month. To achieve that, on line, you would need to talk to 1600 or 1700 people each month about your business. Now if that’s the training (the internet) you are going to provide to your new sign up they should know if this is even possible or probable for them to do.
Jim Rohn teaches if you talk to 10 people face to face you will get one. So again 400 people actively working the business divided by 24 months equals 16 or 17 people per month. The conversion rate at the low end (as you will get more than 1 per 10 as you get better) is 10 % so you would need to talk to 160 to 170 people (face to face) a month for 24 months to reach $10,000 a month.
And we haven’t even touched in on the skills needed for retention !! We’re just assuming they will all stay and continue to work.
Owning your life by starting a network marketing business means you have to look at and present realistic figures so they can make a “business” decision and then you can work on the plan to get you and them there.
Too many people fail for lack of professional training on the business aspects of network marketing. When you’ve got that under your belt then you can truly help people attain their dreams and goals.
To your success,
Joyce Penner
Wow Joyce them #’s dont sound good. Can we do better or is that it?I like to think we can considering the state of economy. My thoughts lately are theres, No More Excuses left. Its time we fight alongside the Armed Forces to save our country!