Folks are attracted to network marketing for the

Folks are attracted to network marketing for the promise of an new life. A new level of cash... A chance to make a change, yet few people ever make that change. The failure rate in network marketing is over 90%. Why is this so when more and more people come to the industry with good intentions?

The answer is simple, really. The people who make a hundred thousand dollars or more in network marketing follow and coach three simple principles that hold a fact no matter the company, no matter the compensation arrange, no matter the product.

The three key key points are

1) Autoship

2) Know the compensation plan

3) Practice and even teach a duplicable system

What exactly is autoship? Autoship is simply your arrangement to receive a certain product or service that is of value to you in exhange for a per month fee. If you have bills you are starting someone's autoship program. Every utility and most banks practice autoship. You are likely to accrue some advantage through autoship whether that advantage is a lower price for a product or the waiver associated with monthly activation fees. In the case of your current cell phone service, for instance, you are preventing a new activation fee each month by subscribing to a cell phone plan together with paying for the service monthly. Your current cell phone carrier can predict all their monthly revenues based on the number of members they have, indeed, their monthly users constitute a large portion of the value of the cell phone carrier's business. You have the main advantage of knowing that your cell phone service can be acquired on an ongoing basis as you require it. Another example is a bi-saver loan payment plan. If you are participating in a bi-saver mortgage program you are agreeing to be able to regular bi monthly payments in exchange with regard to long term interest savings on your loan. Since you already have your mortgage, what is the product being autoshipped?

Your dollars into the bank's business accounts.

Many people item to the autoship feature of online marketing companies they look at as a significant disadvantage to joining a company. These people see the autoship feature as a flexible expense. I recently spoke with a few from another company who had 700 distributors in their downline. They were discouraged because they had no income. The company did not promote autoship. Nor did they and their income was initially zero. If Fortune 500 Firms use autoship, why not incorporate that feature into your business?

Distributors who seem to make 100, 000 or more inside their respective companies promote and work with autoship.

Know the compensation plan. Precisely what is so special about your compensation method? The compensation plan was designed pertaining to money. Every compensation plan has a series of steps or building blocks that allow you to progress and make more money. Each enterprise usually has starter kits that fit into the compensation plan in such a way that you can maximize the way in which you build your business. As an example, your company rewards an individual for building 10, 000 within volume points over a month. You have three packages to help new recruits get started with. One package is worth one hundred points, another is worth 500 things and the other is worth 1250 things. Which package allows you to build the fastest? Which the slowest? Which allows that you build with momentum, which will not?

You must always have value in mind for your new distributor no matter which package an individual promote. If you put people into the highest priced package because it positive aspects you, your business will not last long.

Distributors who make 100, 000 or maybe more in their respective companies promote the very best value package their company provides, understand the value that package offers to new distributors and educate their teams to do the same.

Training and teach a duplicable program. Your team must be using a duplicable system. Your potential sponsor could tell you that actions XY in addition to Z are what the team does indeed, but are those truly the actions your own potential sponsor does? Is your prospective sponsor using landing pages in addition to generating his or her own super qualified leads via the internet while telling you and the associated with their team to buy leads? Did your potential sponsor have systems set up that sift and sort sales opportunities so that he spends his period with only the most qualified qualified prospects while the rest of the team makes "courtesy calls" to lists of unqualified leads? Does your sponsor tell you to have a list of 50 to 100 names while he actively seeks early payoff calculator out and about new business partners with networks inside the thousands? Does your potential sponsor tell you to leave business cards in bathing rooms and book stores while he or she actively runs advertising campaigns in the local papers or on line?

Distributors who produce 100, 000 or more in their particular companies have systems that a new person can tap into out of the gate. If they are building with a web-based answer, they have websites, infrastructure and teaching that a new associate can make use of for a small fee. Distributors who make 100, 000 or more understand the associated with duplication and readily share with their own teams their success strategies so that their team members can duplicate their particular success.

There you have it, the key principles to a 6 figure network marketing business. To be able to recap they are

1) autoship

2) know the compensation plan

3) exercise and teach duplicable systems

Practice and teach these principles and will also be well on your way to creating a 6 determine network marketing business.