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I was recently reading some information about Sam Walton and Walmart and I discovered his rules for success and how they can apply to your MLM business. It really doesn’t matter whether you love or hate Walmart. What is important is the key philosophies that provided Sam Walton with the vision and courage to build a business from the ground up and how they apply to your MLM Business.
Commit to your MLM business. Believe in it. Find a marketing strategy that you can really get passionate about. People will see and feel your passion, and they will be attracted to you and your business. Belief breeds belief.
Share your profits with all your associates, and treat them as partners. What a great way to start the list of MLM How To Business Rules. Certainly, this rule is at the heart of MLM. MLM is all about sharing and help others to profit. Their success will be your success. Treat your distributors as partners and they will respond like partners, giving you more than if they were doing it alone. For most people, they would rather be part of a team , not the Lone Ranger. Be the leader but serve your distributors so they can develop into leaders of their own business.
Motivate your partners. Every week think of new and more interesting ways to motivate and challenge your distributors. Help your team members establish goals and get organized. The recent 100 Day Challenge is a great example.
Communicate everything you possibly can to your MLM business partners. Training is critical. Provide them with an MLM success system. With a system they will experience sponsoring success and profit so they can fund their marketing. This success will keep them motivated. Provide your partners with useful information on a daily and weekly basis. Give them the good and the bad. If you don’t trust your distributors to know what’s going on, they’ll know you really don’t consider them partners.
Appreciate everything your distributors do for their business. Praise has always been an important part of any MLM business. Use it in all your personal and public contact with your distributor partners. Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They’re absolutely free — and worth a fortune.
Celebrate your success. Find some humor in your failures. Don’t take yourself so seriously. Loosen up, and everybody around you will loosen up. Have fun. Show enthusiasm — always. Many of us can remember Sam Walton’s funny antics. We should learn from his example. Why not have fun in everything that we do? We learn through our mistakes. Remember your first attempt at a YouTube video? Or maybe you have not even created one yet. Give it a try. Have fun. You have everything to gain.
Get people talking. Use questions to draw people out. Find out about their dreams, goals and frustrations. Give your distributors increasing amounts of responsibility and encourage new ideas to come to the surface. Listen to what your distributors and customers are saying and thinking.
Exceed your customer’s and distributors expectations. Give them more than what they want. Publicly show appreciation.
Control your expenses better than your competition. A home based MLM business has always been a low cost, low expense business. Not to say that there is no cost, but it is possible to keep the cost reasonable. As a leader, it is important to provide our distributor partners with free or low cost tools to promote their businesses as well as free or low cost training. Help them keep their costs low and generate profit quickly through the use of a step-by-step system.
Swim upstream. Go the other way. Ignore the conventional wisdom. MLM business fits this MLM How To Business Success Rule very specifically. Conventional wisdom has always pointed toward a safe and secure job. Well as all MLM business owners know a J-O-B is not really safe and secure. We have ignored the conventional wisdom and worked to build a business of our own while our friends and neighbors watched television.
Sam Walton gave us business rules that provided the basis for 10 MLM How To Business Success Rulesthat can skyrocket your business. Put these MLM How To Business Success Rules to use and get the success that you have dreamed of.
I am a dedicated husband and father of two great children. I am also a devoted Christian, an educator, and an entrepreneur. I became an internet marketer as a way to supplement my income and make ends meet. Over time this business has paid off ALL of my bills and has even provided a means to do what I love to do most, spend time with my family and travel. I have been able to visit Europe, The Caribbean, Mexico, and locations within the United States such as Hawaii. One of the greatest joys was to recently take my family on a luxury week-long trip to Walt Disney World that was 100% paid for by internet marketing. This business is quickly becoming a way to generate a full time income and fulfill all of mine and my family’s dreams. My goal is to help as many people as possible gain their financial freedom and break away from the chains that are holding them back. I am dedicated to changing the 96% failure rate in internet marketing into a success rate. As a trained educator, I am dedicated to teaching everyone how to be successful and to lead others to their own personal success. Whatever your dream is, let me teach you how to get there. Visit http://brianelrod.com/form/free-gift/ to get your FREE Gift to help you get started.