Truth To Wealth Blog

Friday, May 9, 2008

Using Software To Track Network Marketing Leads For Success

 

By Ken Cobb

Tracking your marketing leads is a vital aspect of your network marketing business’ success. Failure to keep adequate track of your leads will not only lead to your needlessly repeating a variety of steps you have already taken, such as generating leads via an outdated or ineffective methodology, but it will also reduce your return on investment simply because you will fail to complete and adequately profit from each and every lead. If you remember correctly, you will have spent a lot of money not only to generate your leads, but also to contact them and supply them with informational materials.

Perhaps the most commonly offered reason why many network marketers do not use dedicated software - tracking network marketing leads is so much easier on the computer than by hand – is the fact that they fail to view their leads as an asset. As odd as it may sound, the fact that many a marketer paid good money for the leads seems to be forgotten as soon as they are contacted and instead of making use of even the ones that may appear to be unyielding at first the general mindset implies that more leads may be had at any time. Even though this is a distinct possibility, it does not negate the fact that if you follow this business model you will waste a lost of you money on generated leads which you do not utilize to the fullest extent possible.

By using software, tracking network marketing leads for success and profit is a rather easy undertaking and will actually go hand in hand with your customer relationship management! Perhaps the most useful software application for this purpose will be a spreadsheet or database program that usually comes already loaded into your computer’s standard software, although specific applications geared toward network marketing businesses are indeed available. Ideally you will look for several key points and bits of information when tracking the lead:

1. You want a full name, address, and also zip code whenever possible. When dealing with foreign consumers, make sure you understand the proper way of addressing the prospect. Failure to abide by local customs will lose sales and render a number of leads virtually useless.

2. Keep track of the promotion that netted you the lead. You need to remember if it was a sales promotion for your product or a call for new distributors to join your down line. This enables you to make the most of each and every lead you generate. There is little use in sending product coupons to potential business associates, while potential customers may not be interested in becoming distributors.

3. As you are keeping tracks of the various promotions you run and the responses they elicit make sure you keep a copy of the wording and also the customer response to jog your mind when it comes to which aspect of the ad the consumer responded to. Such information is vital in understanding how to win over the customer in the future.

4. Diligent network marketers have found that utilizing a note field to document interactions with the consumer is most rewarding step since this will foster a personal relationship between you and the consumer.

Ken Cobb is the founder and CEO of Next Level Enterprises, LLC an industry leader in home business Internet Marketing, Consulting and CRM Solutions

For more information: info@NextLevelEnterprises.com

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