Three Reasons Not To Sweat Over Your Ability To Give Networking Referrals

 

If you are familiar with my methods, then you know I always recommend networking groups, and BNI in particular. This powerful international group helped me learn how to network and fill my practice quickly by meeting lots of new people and gaining referrals.

However, many students have shared their concerns about the referral process. This is particularly true if you are just starting out as a new business owner. Often new business owners worry about their ability to provide referrals and the expectations around this. I have frequently mentioned that the strength of the referral network you create is usually based on the number of referrals you provide. Truth is, I had this same concern when I started out years ago.

Let me share three reasons why you can let go of the fear and take the pressure off yourself as you learn how to network:

1. You'll Be Making Friends.

As you take time to get to know people in your BNI chapter, they will become your friends. You are going to sit down and have coffee with the individuals and really get to know them. That alone makes the process a lot easier and less pressurized. Building your business connections expands your reach and increases your opportunities for success.

2. You'll Learn Who Networkers Are Seeking.

As you get to know group members, you'll ask each person who they are looking for. Ask questions like, "So, tell me about the kind of clients you're looking for. What's the thing you want me to say or listen for that is a buzz word that would put me in a position to give you a referral? What is the best thing I can say to people to interest them in your products or services?"

Many members will have specific words you can use which will make the referral process go much more smoothly.

3. You'll Find Giving Referrals Becomes Natural.

Talking about referrals with other members gets your mental rolodex flipping as you think about who you may know that could benefit from their service or product. But running into these possible referrals - whether they are people you already know or new people you will meet - doesn't happen instantly. It takes time and everyone involved knows this.

You aren't expected to start dishing out referrals straight out of the gate. But, the more you network, the more people you meet. As you talk to them, their needs will naturally come out in conversation. So your job is really to listen for those natural opportunities and connect people looking for each other.

Also, keep in mind there maybe people in the group whose services you will want to take advantage of yourself. Having a personal experience of working with them makes it easier to refer others.

Your Assignment:

When it comes to receiving referrals, you need to have a strong elevator pitch, know who your ideal client is and how to relate to them. The easier you make it for others to recognize your ideal clients, the more referrals you will get. Spend time figuring out who your ideal client is and how to relay that to others as you learn how to network and give referrals.

https://www.MyLeadCoach.com/1031989

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Getting The Most Out Of Your Product Label

When it comes to product labeling there are so many aspects that one little label needs to cover. This is why it is so important that products choose a label that allows the company the most bang for its buck. Options in labeling are plentiful. Some options offer up more product space to display important product information than others. Not every type of product label is suitable for your industry or product. It is important to look at the industry options, consider your product and the advantages and disadvantages of each product labeling option.

Your product label is used to display directions on proper use, storage and handling of the product. Along with this important information the label is used to promote the brand image which helps create permanent product identification. Different industries are forced to use different labeling options because of the volatility of their products. For instance, when automobile manufacturers are looking to label products that must be careful to select a product label that is both heat and oil resistant. Frozen foods must use labeling that is waterproof where as beverage companies are prone to use labeling that offers a sealed cap. The label you choose will need to be suitable to your product to withstand the conditions the product will go through in all stages of the marketing process.

When creating a product label it is important that your design takes into consideration the practical purpose of the label. Not only is it important to create brand and product awareness but the product packaging and label should be useful. Provide information on your label that allows your brand to stick out and offer something unique.

Labels are used in a variety of industries and for a vast array of applications. Labels must be of high quality, offer a useful design and be beneficial to both end users and you as the business owner. If you are working with products that have special requirements and need to meet rigid testing the label should clearly state how your product meets and exceeds all industry standards. Not only are you looking to create a label with a catchy design for consumers but also to convey a message of safety and industry responsibility.

The most common use of product labels today is to increase brand recognition and to enhance consumer recollection of your product. It is just as important that your label is convenient upon scanning consumers at check out as it is that your product stands out above the competition. Not only are your labels promoting your brand, attracting consumer attention but also allows the customer to gain insight into your company's brand and manufacturing process.

https://www.MyLeadCoach.com/1031989

 

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How to Setup a Residual Income Business From Home

 Setting up a home based business with several income streams can be quite intimidating at first. But, after a short learning curve, it's fairly simple.

What is a residual income stream? A residual income stream is nothing more than a downline you have created that duplicates your business and/or business tools that provides you a monthly recurring income. This is the essence of network marketing. On the other hand, if you are simply providing or selling a product to the masses this would be considered internet marketing. A lot of opportunities provide both internet and network marketing within the same system.

The easiest way to setup your residual income business is as an affiliate. An affiliate is simply selling someone else's product and earning a commission. I have outlined the simple steps below.

Step 1. Join some type of network marketing business as an affiliate. The very first step to creating your residual income business is to join some existing online network marketing business. Back in the pre-internet era, you would have the typical hotel conference room meetings where you would join and bring others to join and grow your business. Times have changed. These days there are countless online network marketing programs you can become involved with. Before you get involved, make sure you do your homework and the program you choose is appealing to you and your comfortable with the team, staff and people you will be working with.

Within almost every network marketing program there are monthly fees that you have to pay. This is how the recurring residual income is created and is perpetual. You pay your monthly fee, of which your upline gets a commission, bonus, etc. What I look for in a network marketing company includes who are the founders (owners), pay plan, how long in business, business plan, product, investment, support and training. The income stream can vary within the program as most programs have various upgrades with higher monthly fees.

Step 2. Setup your autoresponder. In order to get your message out to the masses, you need an autoresponder. Some network marketing programs come with built-in autoresponders and turn-key websites to make it easier for the newcomer. If your program does not have a built-in autoresponder there are several great autoresponder companies to choose from (aweber, constant contact, mailchimp, getresponse, gvo, etc.).

When setting up your autoresponder please watch all the video tutorials provided. It is important to personalize your pre-written messages that go out to potential recruits as you grow your business. Some of the better network marketing companies will provide pre-written messages for you to grow your business.

Another income stream here is the monthly fee associated with the autoresponder account. These fees can range anywhere from $15 monthly to $450 and up monthly depending on the size of your list. Your list is simply the number of prospects that have opted in to your opportunity. Your autoresponder then provides follow-up messages to that list (statistics say most opportunity seekers look at an offer 7 times before joining).

Step 3. Traffic & Advertising. In order to grow your business you need traffic. There is paid traffic and free traffic. A lot of the paid traffic sources also have an income stream your earn residual income from. As others join you and your business, they will copy your program and you will earn recurring monthly income as well. The income streams for traffic and advertising can vary depending on the newcomer. If they want to grow fast, generally the will have more paid traffic.

Simply following these 3 steps can setup your residual income business fairly quickly. As your continue to promote, your business will continue to grow and your residual income will grow as well.

Here is some great income producers 

https://www.HBNPowerline.com/bmmenterprises

https://www.MyLeadCoach.com/1031989

5 Skills You Need To Learn For Your Online Home Based Business

 An online home business allows you to be own boss and manage your business any way you want. But there are a number of skills you to master to help your results and make your business more profitable.

1. List Building.

List building is most likely the most important component to developing a sustainable online home business. This list building process is about obtaining email addresses of potential customers and putting them into a database. Generally, a prospective customer needs to see your message 7 times before they are inclined to make a decision to purchase from you. Email marketing provides a cost effective and proven tactic to communicate with your customers.

2. Respect And Reputation.

Customers like to deal with and buy from people that they respect. If you set out to sell anything to anybody in the quickest possible time, your work from home online business will not be around for long. If you would not send an email to personal friend, then don't send it to your list. In the same way, if you would not buy a product that you are trying to sell, don't expect the people on your list to buy it.

3. Product Choice.

You can sell products created by other people or you can sell products that you have created yourself. In either case, you need to make certain that what your marketing promises that the product will deliver, is really what is provided. It only takes one poor product to damage your reputation. Verify every product or service carefully before you promote it and stay away from products that promise outlandish results in return for little or no effort.

4. Providing Value.

Think of your online home business as 'telling' rather than 'selling'. If you are always trying to sell to your audience, they will start to tune out. But if you provide useful information, video tutorials, reviews, etc to your audience, they will come to see you as an authority in your niche. People who trust your opinions and knowledge will be more prepared to buy from you.

5. Automation and Outsourcing.

Often when starting an online home business your budget is limited and you try to do everything yourself. But at your business develops, you will need to invest in software that can do jobs for you automatically and look at tasks that you can outsource to others so that you can spend more time working tasks that generate profit. Software such as an email autoreponder is an absolute necessity for your email marketing. Another example could be that you're spending hours trying to create graphics, which you could easily outsource for a minimal cost on freelance websites like Elance and oDesk.

https://www.MyLeadCoach.com/1031989

https://HBNaturals.com/bmmenterprises

Work from Home Job/Business

 Work from Home Job/Business

Business mentors are expanding their teams now and are looking for work-at-home entrepreneurs like you.

Learn step-by-step how to be your own boss and take control of your financial future.

Thousands are starting a home-based business every week.

People are replacing their 9-5 job and building wealth on their own schedule.

Learn the easy-to-follow system and start earning today.

Visit our website for more info and we'll present you with some of hottest home-based business opportunities.

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