Free Reports for Multi-Level Marketing: How to Make Money; How to Avoid the Rip Off Schemes
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DO YOU GIVE YOUR CUSTOMERS ENOUGH INFORMATION
TO WORK YOUR PROGRAM?
(Victoria's Reports 161)
Of course you do - right? Check again! More often than not I
have watched people join a program, receive a camera-ready
circular and are expected to know what to do with it. While the
originator of the program knows exactly what to do, most of your
customers do not. What may seem like common sense to you is not
as understandable to others who purchase it.
Every program you sell should come with an instruction sheet.
Just like any product you purchase will come with an
instruction sheet. The blow dryer for my hair even came with an
instruction sheet and who doesn't know how to operate a blow
dryer? It just makes good business sense to include an
instruction sheet or booklet with anything you sell.
And guess what? This sheet or booklet can be used to YOUR
advantage. By explaining step-by-step how the program works,
what it's goals are, the benefits of working it and what steps
to take in order to work it properly, you can offer different
options to your customer to help them. If you supply
camera-ready circulars, you could offer to print copies, supply
preprinted envelopes and mailing list names for an additional
price. This is called "back-end" sales.
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And if you don't provide these items, you can find a wide range
of mail order dealers that can. Hook up with a good supplier who
will reduce their prices slightly so you can make a profit and
send orders directly to them from your "back-end" sales. This
little bit of extra money is what helps your program become more
financially solid.
One problem that so many programs fail is because they are not
managed and structured properly. Remember the old saying: "A
3-legged stool is not easily broken?" It's true. The more
"branches" you have in a program that generates some cash flow
the better. DON'T get this confused with nickel-and-diming
people to death. Just give them the product they pay for and
offer them extra products they can purchase that compliments
what they already have.
One of the biggest mistakes you can make when you are the Prime
Source of any program is to promote the program your dealers
are also promoting. Instead of it bringing in more money it has
the opposite effect - it destroys the program!
Let's say that Melanie joins Jeff's program. Jeff is the Prime
Source and provides Melanie with a camera-ready circular with
her name on it. Melanie begins printing and mailing the
circular in her own mailings but one day she spots Jeff
advertising his own circular in a tabloid. What does Melanie
do? She STOPS mailing her circular.
Why? Because Jeff looks like a greedy dealer who is after all
the profit. Jeff is only giving Melanie 50% when people respond
to her circular and Jeff gets 100% if people respond to his
circular. Also - Melanie does not want to be in competition
with Jeff and drops out of the program. It's not fair to
Melanie.
And what happens to Jeff's potential income when all his dealers
see the circulars with his name on them? You got it - they all
drop out. Now what happens to Jeff's income? Right again - it
drops considerably!
Instead, Jeff should pick out a few of his dealers who are
trying their best to make money with his program and offer to
mail pre-printed circulars for them free of charge. Remember
that Jeff is making money from every sale generated by his
dealers, so by promoting his own product he is still making
money. Besides - if he helps his dealers make a few dollars,
what will his dealers do? That's right - they'll keep
participating in Jeff's program and most of them will re-invest
the commission money they make into printing and mailing more
of them.
Also, when they begin to make a little money, they will tell
everybody they know what a wonderful program Jeff has. And
guess what? Jeff will get more dealers promoting his program -
which means more money for Jeff in the long run. Jeff's a
success because he made his dealers a success.
And finally - Jeff's reputation will be escalated because all
his dealers will know he's an honest guy to do business with.
Guess what? Jeff's business income increases! Not just because
of the program but because people are interested in other
things Jeff sells.
It's only good business sense to help your dealers by providing
them with tips and information to work your program. Sure,
there will always be people who buy into your program and not
work them - but you'll lose a lot more money if you step on
their toes and become their competition! Be wise!
Independent Marketing Representative
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