Successful network marketing business that generates large residual income is what people involved wants to accomplish.
But it is not as effortlessly as it sounds, you will need more than just having the qualities of a driven person, you have to take massive action. Understand the theory of law of average and use it to your own advantage.
What is the law of average?
So what is the law of average? And how to use it to carve your own successful network marketing business?
Number game, have you heard of the experts saying this? They will say network marketing is just a number game and the first time you hear it, you will be wondering what are they talking about.
It simply means that you have to take rejections as though they are just numbers, don’t take them too much to heart. When you start sharing your story to people whom you know, you will surely face a lot of objections from people. It is a miraculous thing that you will be able to have all your friends to be interested in what you are doing.
Some will suggest that you stop working on this business, some will say that it is not proper. The worst possible case is that the friend ignored you after that. But true friends will continue to give support even though they don’t see this as an achievable career.
But you will get to meet someone out there who will give a nod to you. That is when a ratio starts to emerge. One out of every ten you approached. You may have a worse ratio but that is alright for the initial stages. This is called the law of average.
The more you share your story with, the higher the possibility of them joining your business. But as you go around sharing it, you will become better. You are able to give a better presentation, you are able to solve their problems with more skill. You are nearer to build your own successful network marketing business.
Network marketing is a number game, I’ve said it in the earlier of this post. The more people you share around with, the higher the chance of people joining you, and more importantly, the better you become. One day, you will build your successful network marketing business.
You may stop counting it but your conversion rate may have improved to 3 out of every 10. That is considered a high conversion rate, just ask the experts in this field.
The key thing to achieve your successful network marketing business is to take massive action. Keep sharing your story around, you will continue to improve on your communication skills, persuasion. Be sincere in every meeting, that is one of the factor as well.
When you are in this business for long enough, people will observe your determination. They may start to think differently towards what you are doing and may be curious to find out more. This is when you are able to get to meet them again and share your story, this time they have a more open mind.
Always remember this quote, “Some will, some won’t, so what? Next one! Because somewhere someone is always waiting.”
I hope you are able to create your own successful network marketing business and able to get your financial freedom.