Network Marketing--Its Major Pitfalls And A New Effective Way To Avoid Them
Traditional network marketing has at least three major pitfalls. Funded Sponsoring Franchise systems offer a new and effective alternative way to avoid all of them. It also provides some powerful additional advantages for all network marketers.
Although Network Marketing as an industry has been highly successful and continues to grow at an ever-accelerating rate, it continues to be plagued by at least three very major, pitfalls:
1) A large majority of network marketers have very limited success in duplicating the recommended marketing plan of their company and/or leaders.
2)The main reasons for this is that they lack the necessary personal skills required for effective recruitment of new distributors and also tend to spend inordinate amounts of time in trying to recruit highly unqualified and resistive prospects.
3)This commonly leads to much frustration and discouragement and is the basis for one of the most common problems with network marketing--namely, the very high drop-out rate for distributors. For most companies, this is 75% or higher. Further, this high level of failure contributes significantly to the the negative bias against network marketing that is still prevalent in this country.
Fortunately, a brand new approach to network marketing has now been introduced that offers a very effective way to avoid all three of these pitfalls. Even better, it provides a number of additional advantages. It's generally known as the Funded Sponsoring Franchise System (FSFS).
An FSFS can be defined as a highly integrated and duplicatible internet marketing system that is generically designed to promote the building of a primary network marketing business of one's choice, completely on the internet. It includes a very detailed, step-by-step plan for carrying out a wide variety of specific internet advertising and promotional activities that can be implemented by anyone using the system.
Another unique feature that it incorporates is the option of participating in a number of affiliate businesses, each of which has been carefully selected as having the potential to generate an additional stream of income very quickly. These affiliates are also designed to work together synergistically to this end. The overall business plan recommends that a portion of this additional income then be reinvested in further online promotion and advertising in order to accelerate the development of one's primary business.
Here are some of the most important advantages of this ingenious new system and how they provide effective remedies for the main pitfalls of traditional network marketing that have been outlined above:
1) It completely eliminates the need for personal face-to-face recruitment and promotion, relying completely, instead, on internet advertising and promotion. Not only does this save massive amounts of time that is commonly spent trying to recruit poorly qualified or non-qualified prospects, it also removes the high degree of frustration and discouragement that such activity often entails for many or most distributors using the traditional approach.
2) Similarly, it eliminates the need of the business builder to generate a high level of excitement in prospects and to instill their trust. In this system, by the time that most prospects initiate contact with the person operating the system, they already have generated a significant level of interest and excitement and, typically, are intrinsically motivated to learn more. Knowing as they do that the system, all by itself, successfully recruited them, they tend to have considerable confidence in it and want to learn how to utilize it themselves.
3) Since recruitment and promotion depend entirely on the system itself, which is identical for everyone using it, it levels the playing field markedly. For example, an individual distributor's success level no longer depends so crucially on his/her interpersonal and selling skills. Although there is still much to learn in order to apply this system optimally, this skill training is generally much less challenging than what is required in traditional network marketing. It basically entails learning how to apply the very specific business plan, and how to utilize a wide variety of internet tools and resources effectively.
4) Since all distributors apply an identical business-building system, an FSFS has a very high level of intrinsic duplicatibility. It's an example of a highly standardized system that comes complete with very specific operating instructions. Anyone who applies these instructions is likely to get the same general results. The amount of motivation and time spent in applying them, of course, will vary from person to person, as is true likewise in the traditional approach. So results will vary accordingly on this basis among different distributors
5) Network marketers who use an FSFS have two powerful forms of leverage. The first of these consists in their team of highly motivated distributors who use the same system. Secondly is the leverage that derives from the system itself.
6) With an FSFS, the business builder invests time and effort ONLY with team members who have already demonstrated a high degree of initiative, motivation and commitment by enrolling in the system and in one or more of the affiliates it includes. This results in much less waste of time and energy with prospects and team members who are unqualified.
7) An FSFS has appeal not only to business opportunity seekers, but equally to many people who are already established in a network marketing business. Since the network marketing industry is currently filled with many failing or struggling marketers who have not been able to develop duplication in their downline, many of them are highly receptive to a system that offers a powerful way to overcome this problem. Not uncommonly, many of these frustrated business builders will enroll in such a system, when they understand it fully, and will bring in their entire team with them. Needless to say, this possibility offers a lucrative business-building method that is completely unavailable in traditional network marketing.
8) Last but not least, if this new approach continues to grow at its present very rapid rate, anyone who has the vision to start utilizing it now will be positioned to become a major leader in the overall network marketing industry.
To learn more about the Funded Sponsoring Franchise approach, I invite you to visit my website listed below.
About the author:
George Shears is a retired psychologist, wellness consultant, and network marketer living in the northwoods of Minnesota. One of his main missions in retirement is to mentor and support other network marketers all over the world in using a new online business building system that avoids the main major pitfalls of traditional network marketing.
He can be contacted at:
George Shears
Retired Psychologist & Wellness Consultant
800-291-2146
gshears@hcctel.net
http://yodaspal2.blogspot.com
http://yodaspal.googlepages.com
1) A large majority of network marketers have very limited success in duplicating the recommended marketing plan of their company and/or leaders.
2)The main reasons for this is that they lack the necessary personal skills required for effective recruitment of new distributors and also tend to spend inordinate amounts of time in trying to recruit highly unqualified and resistive prospects.
3)This commonly leads to much frustration and discouragement and is the basis for one of the most common problems with network marketing--namely, the very high drop-out rate for distributors. For most companies, this is 75% or higher. Further, this high level of failure contributes significantly to the the negative bias against network marketing that is still prevalent in this country.
Fortunately, a brand new approach to network marketing has now been introduced that offers a very effective way to avoid all three of these pitfalls. Even better, it provides a number of additional advantages. It's generally known as the Funded Sponsoring Franchise System (FSFS).
An FSFS can be defined as a highly integrated and duplicatible internet marketing system that is generically designed to promote the building of a primary network marketing business of one's choice, completely on the internet. It includes a very detailed, step-by-step plan for carrying out a wide variety of specific internet advertising and promotional activities that can be implemented by anyone using the system.
Another unique feature that it incorporates is the option of participating in a number of affiliate businesses, each of which has been carefully selected as having the potential to generate an additional stream of income very quickly. These affiliates are also designed to work together synergistically to this end. The overall business plan recommends that a portion of this additional income then be reinvested in further online promotion and advertising in order to accelerate the development of one's primary business.
Here are some of the most important advantages of this ingenious new system and how they provide effective remedies for the main pitfalls of traditional network marketing that have been outlined above:
1) It completely eliminates the need for personal face-to-face recruitment and promotion, relying completely, instead, on internet advertising and promotion. Not only does this save massive amounts of time that is commonly spent trying to recruit poorly qualified or non-qualified prospects, it also removes the high degree of frustration and discouragement that such activity often entails for many or most distributors using the traditional approach.
2) Similarly, it eliminates the need of the business builder to generate a high level of excitement in prospects and to instill their trust. In this system, by the time that most prospects initiate contact with the person operating the system, they already have generated a significant level of interest and excitement and, typically, are intrinsically motivated to learn more. Knowing as they do that the system, all by itself, successfully recruited them, they tend to have considerable confidence in it and want to learn how to utilize it themselves.
3) Since recruitment and promotion depend entirely on the system itself, which is identical for everyone using it, it levels the playing field markedly. For example, an individual distributor's success level no longer depends so crucially on his/her interpersonal and selling skills. Although there is still much to learn in order to apply this system optimally, this skill training is generally much less challenging than what is required in traditional network marketing. It basically entails learning how to apply the very specific business plan, and how to utilize a wide variety of internet tools and resources effectively.
4) Since all distributors apply an identical business-building system, an FSFS has a very high level of intrinsic duplicatibility. It's an example of a highly standardized system that comes complete with very specific operating instructions. Anyone who applies these instructions is likely to get the same general results. The amount of motivation and time spent in applying them, of course, will vary from person to person, as is true likewise in the traditional approach. So results will vary accordingly on this basis among different distributors
5) Network marketers who use an FSFS have two powerful forms of leverage. The first of these consists in their team of highly motivated distributors who use the same system. Secondly is the leverage that derives from the system itself.
6) With an FSFS, the business builder invests time and effort ONLY with team members who have already demonstrated a high degree of initiative, motivation and commitment by enrolling in the system and in one or more of the affiliates it includes. This results in much less waste of time and energy with prospects and team members who are unqualified.
7) An FSFS has appeal not only to business opportunity seekers, but equally to many people who are already established in a network marketing business. Since the network marketing industry is currently filled with many failing or struggling marketers who have not been able to develop duplication in their downline, many of them are highly receptive to a system that offers a powerful way to overcome this problem. Not uncommonly, many of these frustrated business builders will enroll in such a system, when they understand it fully, and will bring in their entire team with them. Needless to say, this possibility offers a lucrative business-building method that is completely unavailable in traditional network marketing.
8) Last but not least, if this new approach continues to grow at its present very rapid rate, anyone who has the vision to start utilizing it now will be positioned to become a major leader in the overall network marketing industry.
To learn more about the Funded Sponsoring Franchise approach, I invite you to visit my website listed below.
About the author:
George Shears is a retired psychologist, wellness consultant, and network marketer living in the northwoods of Minnesota. One of his main missions in retirement is to mentor and support other network marketers all over the world in using a new online business building system that avoids the main major pitfalls of traditional network marketing.
He can be contacted at:
George Shears
Retired Psychologist & Wellness Consultant
800-291-2146
gshears@hcctel.net
http://yodaspal2.blogspot.com
http://yodaspal.googlepages.com
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