Network marketing is phenomenal business that will pay you very well if you treat it like a real business. It's important to understand that you have to be able to fund your business or else you may find yourself quitting. You soon realized that your initial investment in your business was just a beginning and you must have a working capital to support all the expenses. Isn't it interesting that in order to gain financial freedom you have to invest a lot of money first? I want to share with you facts that you probably will never hear from anyone inside your company:
- 63 days is all it takes for the average network marketer to find himself out of business
- Your business expenses are going to be anywhere between 500-1200$ each month
- On average you earn 3-7$ on each and every rep you enroll
- Most of the people will NOT join your business
- Most of your commissions will be spent on funding your business
These facts which are the industry average clearly shows that for a network marketer to succeed it is going to have him talking to and signing up a lot of people. Most of them will not survive. You may find yourself in a very uncomfortable position of considering quitting yuorself just because yuo simple don't have more money left IF you won't learn how to market in a smart way.
Here is where affiliate marketing comes into play...
Affiliate marketing has proven to be the number one method to get paid for people who are not going to join you. On the surface it may seem that these to industries - affiliate marketing and network marketing - has nothing in common. Affiliate marketing is all about refering your prospects and visitors to other paid resources of high value and receiving commission out of it. Here I came up with 6 compelling reasons for you to seriously considering having affiliate marketing as part of yuor overall business strategy:
1. It is completely automatic
All you have to do is set up your different affiliate programs once and write follow up messages in your autoresponder. Teach your target audience why they should buy the product or service. You better be using these products yourself and only then recommend it to others. But it is even not necessary. The key here is to find products and services that will be of much value and help your target audience to build their business.
2. Additional passive income streams for you
Many affiliate programs are based on a monthly fee so you get paid every month as long as your prospects are active. It is yuor very significant additional income stream.
3. Funds your business
It is absolutely essential to have ready to use money for your ongoing marketing and business expenses. You gain more momentum and the more money you make the more money you begin to spend on advertising and marketing.
4. It boosts your credibility
Just the fact that you teach people and direct them to valuable resourses makes you the person they can trust more. You come as a person who sincerely wants to help them. There are numerous educational products today that can assist network marketers and people are more than willing to pay for them even if they have no experience at all.
5. Better retention rate
It is great that you now teach your prospects how to be much more profitable. Your team will stay in the game much longer because of their new knowledge.
3. Absolutely relevant
This is the key to integrating affiliate marketing. You have to find products and services that are really going to help them build their business should they decide to do it with you or not.
You can actually create yuor own system but my advice to you is to find a system that is already working and capitalize on that. This is completely up to you.
There is much more to touch on than the principles and facts I discussed in this short article.
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