By action | August 6, 2011
Today I decided to jot down a few notes on what to do if you see your MLM earnings slipping.
1. Ask For Advice
Email the smartest people you know for advice. A quick 2 to 3 sentence email meant it wouldn’t take long for them to respond (whenever you email busy people, keep your questions short and direct). The overall response you’ll receive will be amazing, and got you thinking about your industry, products, compensation plan and traffic in different ways than you had before. In my experience, entrepreneurs go out of their way to help other entrepreneurs – so don’t be shy to ask for help!
NOTE: You don’t have to necessarily ask the advice of people in your upline or even your MLM Company. Go off the reservation and seek council from successful people even outside of Network Marketing.
2. Become An MLM SPY
When was the last time you checked out your MLM competitors site’s to see what they were doing? You may find it interesting to see what they are up to. Looking at their capture pages, Facebook ads and other marketing strategies, you will be able to get some new ideas you could implement and test on your own MLM projects.
3. Split Test
It’s simple: If you split test different elements on your MLM capture pages, you WILL IMPROVE conversion rates. Do it.
4. Take a Break
Take a day and unplug from the internet. You may feel as though the world has ended however the last time I did this I managed to fill 2 notepads with ideas on how to improve my MLM business.
Network with others in the MLM industry via Twitter, Facebook and Email. Networking, collaborating and sharing ideas with others is a sure way to get your creative juices flowing!
6. Create Multiple Streams of Income
Diversify your revenue streams as much as possible. This could also be said for traffic sources. This is hard to do for most MLM people due to them listening way to close to their close-minded upline, but one that is worth paying attention too.
7. Think Outside of the Box
This is a must for any MLM business; innovation really does separate you from your MLM competition, and when executed properly, will bring a whole bunch of other benefits such as viral marketing, market share and quality leads/traffic.
8. Forget About Emotions
Most MLM business owners grow emotionally attached to their MLM business. I’m no different. I put 5-years into building a MLM downline only to see it be pulled out from underneath me. The first 1-1/2 years were great but the last 3-1/2 years were the biggest pain in my @$$ I had ever experienced in business. I knew after the first year and a half that it was time to move on to more profitable ventures but due to being hard-headed I stuck it out for another 3-1/2 years. Those 3-1/2 years caused me at least $2-million – OUCH!!! Live and learn!
9. Don’t Quit… Yet
It can be really tough to pivot when you’ve been eating at the same table for a while. I remember one company I was with that promoted old-school hotel meetings. I would see the same people week after week at these mlm hotel meetings and they would NEVER have a prospect. I saw some of these MLM people for close to 5-years sit in the same seat and laugh at the same cheesy MLM jokes told from the stage. Come on folks, sometimes you need to move on to something else. After all, if your upline is sincere with you most of them will admit that their current company is not their first rodeo.
The bottomline is you do not owe anything to anyone except to you and your family. Your upline is not paying your bills so why feel a sense of commitment to them. Trust me; if something better and more profitable comes around they will be quick to jump on it. And if you don’t believe me then I challenge you to stick in your same spot for the next 1-2 years and see where you are at!
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