Exactly a year ago, Larry was broke. He had been working as a cable installer for the previous 5 years. He had been laid off and he got a job making $9.25 an hour at a book publisher.
He now has five figure months every month. Who is this guy?
Larry Beacham is the president of Stone Cold Millionaire.com and a new success story in the internet marketing segment of the network marketing industry.
Having been in network marketing for years, he was tired of chasing friends, family and strangers, dealing with massive rejection and spending lots of money on the expenses of running his business. His wife and mother of his 5 kids was frustrated with his lack of success in the industry.
But he knew he could be successful.
Sound familiar?
It did to me when I had a recent opportunity to hear Larry speak about how he solved his problems when in March of 2009, he started internet marketing.
Beacham asks: Why did you start your business?
You know the answer: To make money!
But you may be an amateur entrepreneur. There are expenses to your business and you need working capital to run your business. The Top Four problems faced by network marketers are:
- Lack of quality leads
- Lack of training
- Lack of duplication
- Lack of capital
It is this last one that can kill the career of a network marketer very quickly!
Ask yourself:
- Are you borrowing money from yourself to fund your business?
- Are you spending a few hundred a month for your auto ship?
- How much on gas to get to meetings?
- Do you pay for those weekly networking events?
- What about travel to your company events or training seminars?
- You need supplies, don’t you? DVDs, CDs, Clothes?
- Do you maintain a product inventory to provide samples and sell to new clients?
You are likely spending between $500 to $1500 every month! These are expenses you did not have before you started your business!
Because of this financial strain, you may cut corners in your business. You don’t maximize your autoship and your position in the comp plan suffers. Perhaps you don’t spend the gas money to drive across town to attend a meeting to prospect.
Worst of all, you are approaching people from a position of need. You NEED to sell them and enroll them! Even if you do, your commissions suffer because the money you borrowed from yourself has to get paid back to you. You are just replacing what you spent and not making any new money!
You need working capital to start and grow your business.
Are you ready to quit with all of this pressure?
Did you know the average network marketer quits within 63 days. Many people in this economy don’t have $$ to sustain their business. You need a way to keep people in your business by getting them to profit quickly.
Larry was going to quit his business in February of 2009. But he figured it out!
You need to learn lead generation and who your best target market is. Then you run your prospects through a system that offers your leads an opportunity to get educated on how to run their businesses. Such a system must contain multiple affiliate programs built into it’s to solve a variety of problems your leads want solved. They purchase products from the affiliates in your system and you get a commission stream.
With your system, you have an automatic way to generate commissions to pay for your marketing, your gas, your autoship, and the rest of your monthly expenses. Your prospects become customers and they learn how to grow their businesses. And they follow your lead and do the same for themselves.
Everyone wins!
The power of affiliate commissions is huge!
- Set them up once and they run on autopilot
- You don’t get distracted from your main network marketing business
- Affiliate programs are much easier to sell than your primary business opportunity
- Most are free to join
- They create the immediate working capital you need to run your business
- They create long term residual passive income to generate a profit
- They brand you as an expert advisor – When people ask a question about their business, you can refer them to a solution!
- You can promote downline retention – give your downline results and they will stick around!
Larry Beacham is no longer broke and is now earning five figures every month online.
Interested? Great! So, what do you do?
Is building a network marketing business a 2 to 5 year game plan like your upline tells you? Yes, it can take a long time to build offline.
Would you like to shorten that time? Then you need to get online! If you are serious about getting into profit quickly, fill in your name, email and phone number at the top right of this page and let’s get started!
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