A SIMPLE FACT ABOUT NETWORK MARKETING INDUSTRY THAT WILL INCREASE YOUR SUCCESS RATE IN YOUR COMPANY.
In the business world, one thing to consider while building your business is your competitor.
To succeed and dominate your market sector you must know who your competitors are. Don't just think that your competitors are not important or you don't have any competitor in your niche . There's no business without a competitor.
Your competitors are those that are equally competing with your target audience. If your competitors are stronger and smarter than you, most of your customers are likely to do business with them and that will decrease your income and your chances of staying long in your business sector.
This is applicable to every business in the world.
Knowing, studying and understanding your competitors and their approaches can put you ahead in business.
Any entrepreneur who ignores his or her competitors is likely to be out of business soon.
I'm not saying you should do what your competitors are doing but I'm suggesting that you know, study, and understand their mode of operation this will always put you two steps ahead of them.
It may interest you to know that this is what big companies are always doing to dominate their sectors.
Lets come back home...
Network marketing business is equally a business and since it's a business competition is inevitable. The question is who are you competing with?
Other network Marketers.
Here is it.. as a network Marketer, you are competing with other network Marketers.
Initially when I was introduced to the network marketing profession, I didn't consider the best people in the company, I didn't consider the top earners, best recruiters, best trainers, teams e.tc. I didn't consider all these things because I didn't know any better.
It was after few months in the industry that I realized that all these things are very important. Though they are not the ultimate reason for anyone succeeding in this profession but they contribute greatly to ones success in network marketing business.
Since I understood this concept, anything I'm getting myself involved in, I don't just partner with anyone but I search for the best based on my interest and partner with the person.
Here's a question for you.
Which network provider are you using currently and why?
Which bank are you banking with and why?
Let your answer linger in your mind a bit.
Naturally, humans like working with the best and because of this competition is inevitable because every business and everyone wants to get the customer, and the description of the best is tied to what customers want.
Your network marketing company is competing with other network marketing companies that are providing the same type of value.
Networkers are competing with other networkers .
Your competitors as a network Marketer are other networkers that your prospects are likely to switch to instead of you.
Some years ago, I saw a network marketing company that I wanted partnering with I caught myself researching about the top earners, the best team builders, and the movers and shakers in that company.
I didn't just wanted to join the business, but I was equally looking for the best among others in that company.
This is to let you know that other networkers are competing for your prospects.
You must have this at the back of your mind that amateur networkers can join anyone without thinking about it because they don't really understand. But professional networkers know the efficacy of partnering with a great person. Professionals select their business partners while amateurs partner with anyone that approaches them or anyone that they see.
OTHER FREE TRAININGS YOU SHOULD EQUALLY READ
#1) SOME PROSPECTING TIPS FROM ERIC WORRE'S BOOK GO PRO.
#2) 65 WAYS OF GENERATING LEADS FOR YOUR NETWORK MARKETING BUSINESS.
#3) HOW TO BE EMOTIONALLY DETACHED FROM THE OUTCOME IN YOUR NETWORK MARKETING BUSINESS.
#4) WHO IS A NETWORK MARKETING PROFESSIONAL AND HOW TO BECOME IT.
#5) POWERFUL SECRET TO RECRUITING PEOPLE REGULARLY INTO YOUR NETWORK MARKETING TEAM
HERE ARE SOME TIPS THAT WILL HELP YOU STAND OUT AMONG OTHER NETWORKERS THAT ARE YOUR COMPETITORS.
#1) KNOW YOUR COMPETITORS, STUDY WHAT THEY DO AND UNDERSTAND THEIR MODE OF OPERATION:
You can't hit a target you haven't set, you can't fight who you don't know.
Don't struggle like a blind man, know your best competitors in your network marketing business. Study the person closely and know his mode of operation. This will enable you to know why prospects will leave you for them.
Your understanding about their mode of operation will determine what you should do to win prospects loyalty.
#2) DISCOVER THEIR WEAKNESSES AND OUT PERFORM THEM:
knowing, studying and understanding your network marketing competitors isn't enough. While studying their strength, you must equally discover their weaknesses. We all have weaknesses, you can never win someone in his or her area of strength but you can always out perform your competitors in their area of weaknesses. Discover where they are weak and out perform them.
#3) HAVE THE MINDSET OF DOMINATION NOT COMPETITION:
Remember you are not studying them to compete with them instead your idea is to dominate your sector and your company. Competition is for average minds but domination is what every successful person wants.
You can only out perform your best competitors when you have a dominating mindset.
#4) BE COMMITTED TO WIN:
when you are new to the network marketing industry you are likely to build your business with excitement but I have to be real with you here. Our business is build with commitment rather than excitement. You may set out to out do your competitors but after a few try, you give up on your goal.
You must commit to dominating your niche else your niche dominates you.
All you must know is that to attract professional network Marketers into your business you must be the best because professionals like working with the best people in the company.
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Till you hear from me again live consciously.
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MAC-FRANCIS EDEM IS A NETWORK MARKETING PROFESSIONAL WHO HAS ASSISTED ALOT OF NETWORK MARKETERS AND SMALL BUSINESS OWNERS BUILD A SUCCESSFUL BUSINESS. HE IS A DIRECTOR IN HIS PRIMARY NETWORK MARKETING BUSINESS AND A CAR AWARDEE. HE WAS ALSO RANKED BY GOOGLE AS THE BEST NETWORK MARKETING TRAINER IN NIGERIA 2018. IF YOU WILL LIKE TO LEARN MORE ABOUT HIS NETWORK MARKETING COMPANY KINDLY JOIN HIS WHATSAPP BUSINESS GROUP
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