5Linx success seekers: Want to dominate and build a HUGE business?
If you want to become a top earner, the way to do it is to implement a promotional plan that puts your message in front of thousands of people - not merely a handful of friends, family members and people you know.
The single most important skill you could ever learn is marketing.
I've been groomed by 6 and 7-figure income earners who taught me the following strategies we quietly use to build large businesses:
- Generate A List And Promote To This List
When all's said and done, building a 5Linx business online entails two activities:
- Attract a list of leads
The list that matters most is not your listing of friends, colleagues and family. We're talking about a list of leads you attract online. Merely tossing some videos up on Youtube or on Facebook will not create 5Linx leads effectively. You must execute a lead attraction strategy that entices prospects to reach out to you and ultimately buy from you.
Teach prospects business-building skills so you position yourself as a credible authority. Building a list means you have a website to which you drive visitors who enter their contact information in order to receive free training content.
- Get the members of the list to know, like and trust you, and then market to them
Keep the lines of communication with your prospects open, so you can promote things that they require in their business. By staying close to your audience, you will be ahead of 99% of marketers who don't invest in building relationships properly. Developing strong ties with your prospects online is the key ingredient to succeeding as a marketer. Publish helpful content, such as blog posts and videos, several times per week. At the close of each piece of content, include a strong call to action for the reader or viewer to buy something from you.
- Build Multiple Streams Of Income
Rather than depend solely on your 5Linx business for revenue, introduce multiple revenue streams. There's a lot of risk when you depend exclusively on your 5Linx opportunity. Your best people could quit your business. Your 5Linx retention could decline. 5Linx management team might change the comp. plan or add restrictions you don't like.
Risk goes down when you diversify your income streams. You must keep focus on not let adding new lines of income distract from your 5Linx venture.
Select one or more of the following ways to add new revenue lines:
Promote affiliate products and services. Sign up as an affiliate to promote the services, courses, and system you use in your business. Promote the affiliate products you feel are best, not just the ones that pay the most. Generally you get paid commissions of twenty to sixty percent.
You can also transform your content into products. When you do webinars, record and sell them. Gather a set of your videos and sell them as a course. Make an ebook out of your written blog posts.
Another strategy is to provide coaching to your students. Make sure to charge a high enough price for your time.
- Make Attrition A Non-Issue
Attrition is one of the biggest problems 5Linx marketers face. 5Linx business builders are taught two tactics to boost retention, but each strategy creates other problems.
1) The first strategy is to assist your new 5Linx reps to get into profit quickly, so they have reason to stay in the game. When you attempt to help EVERY new 5Linx rep in your organization get into profit quickly, you spend LOTS of time helping your worst-performing new reps, the people who can't sponsor anyone by themselves. About 20% of your 5Linx downline is going to generate 80% of the growth and income in your business, and you end up focusing on the weakest 80%! By focusing on the wrong people, you foster dependency.
2) The other common approach is get your 5Linx team members to feel connected to your team, so the interpersonal connections and sense of belonging the person feels overcomes frustrations that might otherwise make them quit. 5Linx team webinars, live training events, and getting on the phone with your new people can all foster a team experience. This strategy can foster dependency. Many of your weaker-performing team members will stick around because they like being part of the team...But these people will NOT sponsor others by themselves routinely into 5Linx and will require LOTS of team support in order to stay in the game.
You're running a business, not a self-help group. A contrarian but effective approach to the attrition problem is to revise your business model not to boost retention, but rather to make retention much less important. To make attrition less of a problem, promote affiliate products to your prospects, which can easily add more than 10 affiliate income streams to your business. By diversifying your revenue sources, you are not as reliant on 5Linx for income. When you depend less on your downline for income, attrition matters less. Another solution to your attrition problem is to promote a high ticket direct sales opportunity (sometimes called a top tier) that pays commissions of $1000 or more per sale. Traditional network marketing opportunities like 5Linx pay out only about $60-$120 per new signup, so you must develop a large team and residual check to make a substantial income. If you earn a commission of $800 or more each time you sponsor a new rep, it's like you're earning 3-4 years of residual income checks up front, so it doesn't matter if this new person quits, because you get paid so much up front. This makes retention a non-issue.
If you want to become a top earner, the way to do it is to implement a promotional plan that puts your message in front of thousands of people - not merely a handful of friends, family members and people you know.
The single most important skill you could ever learn is marketing.
I've been groomed by 6 and 7-figure income earners who taught me the following strategies we quietly use to build large businesses:
- Generate A List And Promote To This List
When all's said and done, building a 5Linx business online entails two activities:
- Attract a list of leads
The list that matters most is not your listing of friends, colleagues and family. We're talking about a list of leads you attract online. Merely tossing some videos up on Youtube or on Facebook will not create 5Linx leads effectively. You must execute a lead attraction strategy that entices prospects to reach out to you and ultimately buy from you.
Teach prospects business-building skills so you position yourself as a credible authority. Building a list means you have a website to which you drive visitors who enter their contact information in order to receive free training content.
- Get the members of the list to know, like and trust you, and then market to them
Keep the lines of communication with your prospects open, so you can promote things that they require in their business. By staying close to your audience, you will be ahead of 99% of marketers who don't invest in building relationships properly. Developing strong ties with your prospects online is the key ingredient to succeeding as a marketer. Publish helpful content, such as blog posts and videos, several times per week. At the close of each piece of content, include a strong call to action for the reader or viewer to buy something from you.
- Build Multiple Streams Of Income
Rather than depend solely on your 5Linx business for revenue, introduce multiple revenue streams. There's a lot of risk when you depend exclusively on your 5Linx opportunity. Your best people could quit your business. Your 5Linx retention could decline. 5Linx management team might change the comp. plan or add restrictions you don't like.
Risk goes down when you diversify your income streams. You must keep focus on not let adding new lines of income distract from your 5Linx venture.
Select one or more of the following ways to add new revenue lines:
Promote affiliate products and services. Sign up as an affiliate to promote the services, courses, and system you use in your business. Promote the affiliate products you feel are best, not just the ones that pay the most. Generally you get paid commissions of twenty to sixty percent.
You can also transform your content into products. When you do webinars, record and sell them. Gather a set of your videos and sell them as a course. Make an ebook out of your written blog posts.
Another strategy is to provide coaching to your students. Make sure to charge a high enough price for your time.
- Make Attrition A Non-Issue
Attrition is one of the biggest problems 5Linx marketers face. 5Linx business builders are taught two tactics to boost retention, but each strategy creates other problems.
1) The first strategy is to assist your new 5Linx reps to get into profit quickly, so they have reason to stay in the game. When you attempt to help EVERY new 5Linx rep in your organization get into profit quickly, you spend LOTS of time helping your worst-performing new reps, the people who can't sponsor anyone by themselves. About 20% of your 5Linx downline is going to generate 80% of the growth and income in your business, and you end up focusing on the weakest 80%! By focusing on the wrong people, you foster dependency.
2) The other common approach is get your 5Linx team members to feel connected to your team, so the interpersonal connections and sense of belonging the person feels overcomes frustrations that might otherwise make them quit. 5Linx team webinars, live training events, and getting on the phone with your new people can all foster a team experience. This strategy can foster dependency. Many of your weaker-performing team members will stick around because they like being part of the team...But these people will NOT sponsor others by themselves routinely into 5Linx and will require LOTS of team support in order to stay in the game.
You're running a business, not a self-help group. A contrarian but effective approach to the attrition problem is to revise your business model not to boost retention, but rather to make retention much less important. To make attrition less of a problem, promote affiliate products to your prospects, which can easily add more than 10 affiliate income streams to your business. By diversifying your revenue sources, you are not as reliant on 5Linx for income. When you depend less on your downline for income, attrition matters less. Another solution to your attrition problem is to promote a high ticket direct sales opportunity (sometimes called a top tier) that pays commissions of $1000 or more per sale. Traditional network marketing opportunities like 5Linx pay out only about $60-$120 per new signup, so you must develop a large team and residual check to make a substantial income. If you earn a commission of $800 or more each time you sponsor a new rep, it's like you're earning 3-4 years of residual income checks up front, so it doesn't matter if this new person quits, because you get paid so much up front. This makes retention a non-issue.
About the Author:
Ricardo Interpemian has taught thousands of people how to grow businesses like 5Linx.
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