Why the Most Commonly Used Network Marketing Tool Habitually Fails
If you are just starting out in multi level marketing (MLM) or any other kind of business that heavily relies on network marketing, listen up! There is a tool that is hyped and pushed by the up line, websites selling the secrets to success, and various other venues – all with little attention to the fact that the use of this very tool dooms the majority of its users to failure. This tool is referred to as the generic lead. A lead, for the uninitiated, is any contact made by the network marketer with an individual who could become either a customer for the product being sold or a distributor for the down line being assembled. For reasons unfathomable by experienced members of the industry, start up marketers are trained to purchase or even generate generic leads time and again in an effort to create a large pool of contacts.
Yet if you truly think through the process, it becomes obvious rather quickly why the most commonly used marketing network tool habitually fails: consider the sources of the leads! For example, a vast majority of network marketing leads are generated by generic ads in popular magazines or on highly visible websites which simply ask anyone if they are interested in working from home, making a lot of money, being their own boss, and spending more time with the kids. In some cases, websites in particular will seek to appeal to those in search for ways to make the maximum amount of money with the minimum amount of effort, thus asking for folks interested in making money while they sleep, raking in a five figure income after three months, or wishing to own their own home and sports car within six months. Those who call the numbers indicated are then treated to a generic phone message that further hypes the opportunity and entices them to leave a phone number and a name while in the case of the website the visitor will be asked to leave an email address.
This information is collected, put together, and then sold quite profitably to fledgling network marketing newbies who are told by those in their up line to buy new leads. Touted as a tried and true marketing network tool, these leads cost quite a bit of money, but the new network marketer figures this is the cost of doing business and will faithfully shell out the money. In the case of down line generation, she or he will now call each and every of the numbers only to realize eventually that they are old and some of them are disconnected, that the individuals who are at those numbers may have found a difference opportunity, or if they do speak to someone who is interested in a business opportunity that the actual idea of network marketing is not what they had in mind. Those who buy email lists will experience similar responses, but they will not spend as much time on it as the ones using the phone.
The reason is clear: while the leads may be plentiful, they are also woefully unqualified. As a marketing network tool, unqualified leads will lead to habitual failure simply because they are confidence killers, overpriced, and do not yield the success to effort ratio needed to make a profit. On the flipside, the use of qualified leads, which must be generated carefully and after much research, has the potential of yielding a crop of either consumers or down line candidates which will make the time, effort and money spent on generating them worth the while.
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
