Take This Quiz To Test Your Network Marketing IQ

Unique and high-tech products normally require more salesmanship and a larger $$$$ investment. .Since 95% of the population is "non-sales" types, you may find it difficult to prospect for people interested in building a business with you. With consumable products, even if an associate can't sell, they can at least consume. Since your bonus check and overrides are based on volume; consumables will constantly pay you royalties.

Prospect produces your business inventory therefore prospecting is a necessary activity for anyone wishing to be successful in the Network Marketing industry.

This is critical Question. If you are neither teachable or coachable then you are probably destined to be a person constantly trying to reinvent the wheel. This is certain failure!

Health and fitness products can be found in 99% of american homes. They have also found themselves accounting for between $50.00 and $100.00 of the household budget each month.

There are many people who get paid vast amounts of money to become the CEO of a company, play professional sports, or star in a movie. Earning a high active income is often a lot of hard work and requires a dedication beyond most of us. It’s also limited because no matter how much money you get paid you still need to show up to work to earn your money.

100% of consumers have been involved in referral or network marketing but were never compensated for it. An average adult has lost more than $50,000 in referral fees during their lifetime. This represents referrals to movies, dining establishments, sporting events, retail stores, purchase of consumer goods, automobile purchases, etc. Retailers rely on your referrals to acquire new customers... but you are rarely compensated in any form!

Referrals = $$$. Anytime is a good time to get referrals, but it's even easier right after a customer has experienced a successful experience. This person is also more likely to want to become a product representative. Most "new" distributors fail to ask for referrals from their customers!

All of the above statements are true. As an independent representative of a Network Marketing company your income is unrestricted and based on your personal sales volume as well as the sales of your team. There are no social restrictions, and most people usually being their business with a small (but reasonable) investment based on their income desires.

This one is too easy.This a a people business, you must therefore enjoy meeting and engaging with strangers. To many representatives in MLM waste valuable time tying to analyze products, compensation plans, etc when all they need do is engage with a person and present their product or opportunity.

You have a responsibility to the customer, the product or service you represent as well as your company. Resolving an issue favorably for the customer must be your objective and can only be accomplished by seeing the problem from their perspective.

Available training boosts a new distributor's self-confidence. No matter how good the product is priced, or how many leads are available, if the distributor feels unqualified to try, nothing happens. All High earning Network Marketing professionals are trained and coached by other professionals!

75% of all network marketing distributors are women. Stay at home Moms have proven to be able to devote more time to recruiting, training and sales during the normal workday hours. They normally are constantly seeking a means to supplement the household income. Each new mouth to feed requires additional resources.

Great leadership can always bring in a new product line or change the compensation plan. Leadership that has built previous successful companies, weathered economic downturns and attracted quality personnel should be given second and thirds looks when you're deciding on a company to join.

A motivational meeting wears off in a couple of days. Instructional meetings remind people too much of going to school. A social mix (pot luck dinners, activities, etc.), however, bond your distributors beyond just the money opportunity. It gives them the opportunity to establish relationships with other distributors and potential customers.

All of the above are examples of Network Marketing. Sadly, 85% of our population refers or markets for clothing stores, food stores, gas stations, etc daily and never receive one dime for their efforts.

To create residual income, you need to create something that people will continue to buy on a regular basis long after you’ve created it (such as a downline). Residual income needs to have products or services that are sold over and over again rather than trading the business owner’s time for money.

Imaging the look on your neighbors face when you drive up in a new BMW, Mercedes or Lexus...Yes, its the car! Cash is quickly spent (many times on household bills) and forgotten. Travel, i.e. cruises and weekend excursions last but a few days. A car is an everyday reminder of the benefits of multi-level marketing for both yourself and potential customers.

Quitting at anything is terminal! Network Marketing is an industry that will require an investment of both your time and money. To earn more you will have to become more. Since this industry is also a business it will not necessarily be easy, but studies have show that those that stick with it normally earn high residuals.

Direct mail is considered to have the best success ratio for recruiting because it allows for targeted and personalized communication with potential candidates. Unlike other advertising mediums, direct mail can be tailored to specific demographics and delivered directly to the intended audience's mailbox. This makes it more likely for the message to be seen and considered by individuals who are actively seeking job opportunities. Additionally, direct mail allows for the inclusion of detailed information and promotional materials, making it a comprehensive and effective method for recruiting.

There's Monday Night Football. Enough said. If you're in the south (especially) Wednesdays are reserved for mid-week prayer services. Thursday is almost the weekend. You certainly wouldn't want to interfere with a prospect's "free time."