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February 28, 2009
Acquiring new customers using your product Acquiring new representatives to promote your product Now the only way to get these two things done is to talk to as many people as you can about what it is you have. There are a few ways to do this with the first being everyone’s favorite “Friends & Family” approach.
It should be no surprise that the lifeblood of ANY MLM or home based business is having plenty of leads to talk to. It’s also no secret that you make money in Network Marketing by doing two things.
Acquiring new customers using your product Acquiring new representatives to promote your product Now the only way to get these two things done is to talk to as many people as you can about what it is you have. There are a few ways to do this with the first being everyone’s favorite “Friends & Family” approach.
But what happens when you work through that list of everyone you know and you’re not a millionaire yet? What happens if you’ve been down that road in the past and it didn’t work out so well? Some of you might even be at the point where your friends and family avoid you like the plague so they don’t get pitched on yet ANOTHER opportunity!
Whatever the situation, the only logical answer short of closing up shop is that you need to find a way to expose your home business or MLM to more people, otherwise known as acquiring leads.
There are two ways to get leads, you can buy generic home based business leads or you can generate your own.
Before we start talking about how to generate your own targeted leads, let’s go ahead and talk about the first option which is buying generic home business leads. This seems to be where most network marketers focus their time, money and energy.
The first thing that you must know about ANY home business lead that you purchase is that no matter how many buzzwords are used in describing that lead. No matter how fresh it is or how good that lead sounds it’s still someone that you don’t know, that doesn’t know you, doesn’t know anything about your business there is no guarantee that they are going to pick up the phone or give you a second of their time to discuss joining your home business.
90% of purchased leads are produced by people filling out generic online forms about making more money from home and you don’t know the circumstances about why they filled out these online forms.
Were they looking for a Job instead of a home business opportunity? Were they trying to win a free Xbox? Where they drunk behind the computer at 3:00 am?
You just don’t know!
There are really no way cut corners on prospecting the leads that you purchase. Oftentimes you are competing with several other people who are contacting the same leads and the only way to make these types of leads pan out for you is to buy large quantities and sort through them to see who has an interest. So here is my suggestion for network marketers using these types of leads:
#1 – Keep your costs down when you buy “cold” leads. I don’t suggest spending more than 30 cents a lead! Most MLM lead companies online sell leads for $1 to $5 apiece… Stay away from these high priced leads and use a service like BigTimemlmLeads.com where you can get surveyed leads for as little as 14 cents apiece.
#2 – Start to put together a strategy to generate you own home business leads and phase out the cold contact leads over time.
Okay, now for the really fun stuff and the best strategy for building your home business. How do you as a home business owner go out and start generating your own targeted mlm / home business leads?
The first thing you must understand about the process of generating your own home business leads is that it takes time and it’s not something that happens overnight. You have many hoops that you have to jump through in order to get yourself set up with everything you’re going to need.
The goal of generating your own leads is to leverage your time and efforts by being able to cut corners on the “sorting” process as well as position yourself highly with your leads. This means that when you do actually talk to them on the phone they already have an understanding of who you are and what your opportunity and/or product is all about.
This makes your job promoting your home business much easier and leaves your prospects much more responsive to what you want them to do.
So know that we know WHY we want to generate our own positioned leads… It’s now time to look into the step by step process of doing so.
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