Mike Dillard: MLM Network Marketing and The Global Economic Crisis

Mike Dillard of Magnetic Sponsoring fame sent an e-mail to his Magnetic Sponsoring MLM list regarding the current economic crisis and how it affects Network Marketing.

It appears that the economy will get worse before we reach bottom and things start to improve. Even President Obama has stated he expects a slow economic recovery. MLM Network Marketing is one of the few industries that have potential for growth.

Mike Dillard stated that he has been expecting the work at home world to see an increase in growth since so many people need to replace, or supplement their income. The big question is will people spend their money on a Network Marketing business and related training material.

Mike Dillard has been crunching the numbers, waiting for the data to come in before coming to a conclusion on the potential MLM home business growth. MLM Network marketing is definitely benefiting from the bad economy in a substantial way.

Mike Dillard’s company, Magnetic Sponsoring, has seen an increase in sales of 470% over the last 13 months. January, 2009 was the biggest month in the company’s 4 year history.

Many people are turning to the MLM Network Marketing industry, and spending their money……

BUT…..

People are looking for quality and prefer to purchase from someone they know and / or have purchased from before.

People are willing to buy, but are avoiding sub-standard products. The relationship you have with your prospects and customers is more important than ever.

Mike Dillard’s 4 Tips to Help You Profit From The Coming MLM Network Marketing Boom.

1. Put Yourself in Their Shoes…

You are brand new to the Network Marketing industry, they are 100’s of MLM opportunities with 1000’s of potential sponsors everywhere from YouTube, AdWords and Facebook.

Who can you trust?

Which business is best?

Which training should I buy?

How do I know if you are the real thing or not?

They will check out your videos – number of visitors and ranking.

They will see how many followers you have on social sites like Twitter and Facebook.

Look for testimonials from your customers and distributors.

Look for pictures and screen shots that show results.

Do you have value to offer and can I feel safe doing business with you?

2. Pick Up The Phone and Call Your Prospects

When someone is shopping for a MLM Network Marketing opportunity they will probably request information from 3 to 10 different businesses.

Who will they join? The person who took the time to contact them and establish a relationship. Don’t sell them your opportunity or compensation plan. Establish a rapport, position yourself as a leader.

I would like to insert a side note here: Many times it is difficult to actually be able to speak with a prospect on the phone. When you are unable to make phone contact I would suggest using Video E-Mail. This gives a personal touch, many times even better than a phone call. If you can do both that is even better.

3. Educate Yourself

Don’t let this opportunity pass you by. Learn the skills and strategies required to be successful in your Network Marketing home business.

You must know how to brand yourself.

You must know how to get traffic.

You must know how to market your MLM opportunity to your prospects.

There are no short-cuts. If you do not have a copy of Mike Dillard’s Magnetic Sponsoring or Ann Sieg’s The Renegade Network Marketer  how will you compete against those who do?

4. If Possible Make Your Offer Risk Free

Give your prospects the opportunity to try out your products risk free. Once someone experiences the quality of your products, they will usually purchase other products from you because they now trust you.

Make it easy as possible for your prospects and customers to do business with you.

Create your own economic stimulus plan and take charge of your financial future now. Become a leader and learn how to effectively market your MLM Network Marketing business.