DO YOU KNOW YOUR RECRUITING RATIO? HOW TO SCALE UP YOUR RECRUITING RATIO AND OTHER WAYS OF INCREASING YOUR NUMBER OF RECRUITS

 

DO YOU KNOW YOUR RECRUITING RATIO?

Recruiting ratio means the number of prospects contacted to the number of those recruited.

This is basically about the number of people you are likely to recruit if you contacted a specific number of persons.

Growing your mlm team ought to be Intentional and you can do this by understanding your ratio.

For example if you are new to this industry and you contacted 100 people, successfully presented the plan to 50 of them and ended up recruiting 2 out of the 50 that saw your compensation plan.

This means that to every 50 people you present to , 2 will join your team. 

If you intend to increase that number, you simply need to work on your ratio 2:50.

Lets assume you want to recruit four people, your ratio will be 100 presentations equal to 4 new members.

Once you know your recruiting ratio, you will be able to scale up number of recruits.

There are many factors that affect ones recruiting ratio.

Some persons can recruit 1 person out of 20 people they present their compensation plan to while others may result 2 out of 10.

The difference is based on different factors. 

When you are new to this industry, your ratio may not really be encouraging but as you grow in the industry it begins to improve. 

The reason is because you are likely to understand most of the factors responsible for  good recruiting ratio.

Below are some factors responsible for scaling up your recruiting ratio.

SCALING UP YOUR RECRUITING RATIO

#1) IMPROVE YOUR SKILLS: It's by no doubt that the person with the best refined networking skills will always recruit more people than the person who hasn't. One way to scale up your recruiting ratio is to keep on refining your skills. 

Identify the skill that you are lacking and work on refining it.

#2) GO AFTER QUALITY PROSPECTS: By default, we always think that our network marketing business is mostly for our broke friends. 

We automatically believe that since they don't have money they will be interested in the business but the reality is that those who need the business are mostly the ones that  ignore it while those that don't need it are always more interested.

Understand: poverty is a mental disease. If you go after  poor people whom you think need the business the most, they won't be able to see any opportunity in the business because they have a poverty mentality but if you go after people that are passionate, self motivated and already successful in their endeavours, they will be more open to accepting your business opportunity.

#3) TALK TO MORE PEOPLE: Just like the explanation I gave initially, the more presentations you make, the more recruits you will have. 

Once you know your ratio, you can always increase your number of presentations if you want to recruit more people.

Even if you are a new person, you can always make up in numbers what you lack in skill.

#4) BE A STUDENT OF THE INDUSTRY: This is another way of scaling up your recruiting ratio. Many people want to recruit more people yet they are not willing to learn anything about recruiting. 

They don't even want to understand how the network marketing industry works.

Irrespective of the industry you are, you must be willing to learn how things work. If you are not willing to learn how things work, then be willing to fail honourably.

Be a student of the industry. Read everything you can, study other successful recruiters, watch trainings and be willing to unlearn to relearn.

#5) KEEP TRACK OF YOUR RATIO: you can't scale up if you don't track it. There are some strategies you may adopt which may decrease your ratio but you won't know about this unless you track it. Socrates a great philosopher once said that " an unexamined life is not worth living" I can't agree less.

Tracking your ratio is necessary if you intend scaling it up your recruiting ratio.

OTHER WAYS OF INCREASING YOUR NUMBER OF RECRUITS IN YOUR NETWORK MARKETING BUSINESS

#1) DECIDE WITH ALL CONVICTION : Make the decision that you will build your team no matter what. It's true that while building your team, you will face some set backs it's at this point that many people usually run home. 

Don't be like such distributors. Persist until you succeed. 

There's a saying that goes "if you stick around long enough, you will get your pay". 

Let others complain about small hurts but not you, let others complain about how difficult it is to recruit but not you. Don't be like them , believe that you are already a super recruiter and you will.

#2) HAVE A RECRUITING MINDSET:

Recruiting should be your way of life. When I was new to network marketing, I was seeing recruiting to be an act, an act that I only put on when ever I needed to bring in a new team member. 

I didn't know that professional networkers saw prospecting and recruiting as a way of life. They didn't have special hours for prospecting and because of this, they weren't exhausted because it was their normal way of life. 

So, ensure that you have a recruiting mindset . No, I'm not saying that you should act like a hunter but I want you to always see how your Product can benefit anyone you come across.

Also, your aim is to find those who are looking for opportunity. Focus on identifying, self motivated, passionate, and self driven people. 

#3) MAKE NEW FRIENDS:   Our business begins and ends with people. You also have to understand that our business is numbers business at first then relationship business. 

The more genuine friends you can make, the more business partners you are likely to have besides this, not only will you have business partners but you will have some great friends in the process.

#4) DEVELOP POSITIVE DAILY HABITS: positive habits result to positive lifestyle and positive lifestyle attracts into your life positive prospects, and things. 

Analyze the areas in your life that you need to work on and commit to changing them.

#5) USE STORIES WHILE PROSPECTING. It's always said that fact tells but story sells. 

Using stories in your prospecting and recruiting process can help elevate your chances of recruit to 70%, here's why; from research, story telling stimulates mostly the area of the brain responsible for making positive decisions. 

Apart from that, stories help connect you and your prospects emotionally.

The story may be your personal story, your upline, or the company. The idea is to create a genuine human connection.

#6) USE ATTRACTION MARKETING:  This is a process of making prospects come to you instead of going to them. You can recruit alot of people when you understand attraction marketing. 

Your duty to position yourself as a professional and educate people about your products and Opportunity, those in your target market will certainly be attracted to you.

OTHER TRAININGS YOU SHOULD READ

#1) HOW TO ATTRACT PROSPECTS ON FACEBOOK WITH YOUR POST.

#2) ANOTHER GREAT WAY OF MOTIVATING YOUR MLM TEAM .

#3) HIGHER FACULTY IDEAS I GOT FROM BOB PROCTOR'S TRAINING ( YOU WERE BORN RICH).

#4) THINGS TO UNDERSTAND BEFORE PROSPECTING A PROFESSIONAL NETWORKER.

#5) YOUR COMPANY DOESN'T WANT YOU TO READ THIS.

#7) LISTEN AND ASK QUESTION OFTEN: During my early days in network marketing, I thought that the best talkers are always the best recruiters, I was so obsessed with overloading my prospects with everything I knew about my company, Products, founder, my upline, myself and the network marketing industry as a whole. 

Understand: prospects don't care how much you know until they know how much you care. 

They are only interested about themselves, they really want to know how your business can benefit them and you can only know their interests by listening to them. 

If you do all the talking without listening and asking questions, you will miss out.

#8) FOCUS ON EDUCATION AND UNDERSTANDING: Most networkers become angry and frustrated when a prospect doesn't join them. They become angry because they are always emotionally attached to the outcome, most of them go as far as pressuring the prospect by hyping, lying and exaggerating the business. 

Understand: your goal is education and Understanding. Your duty is to educate prospects about your products and opportunity then allow them make the decision if it's something they will like to do or not. When you do this, you will begin to recruit not just more prospects but quality ones too. 

#9) ENTHUSIASM:  It's by no doubt that enthusiasm is contagious. If someone does something enthusiastically, you are likely to do it too. 

When you build your business with enthusiasm, it sends out a positive vibration which affects those around you. An enthusiastic unprofessional networker will always outperform a non enthusiastic professional networker. 

#10) BE A LEADERS NOT JUST A RECRUITER: In every aspect of life, people follow leaders. Leaders attract people to themselves while unprofessional recruiters repel them.

unprofessional recruiters act like hunters they shoot at any prospect that crosses their path but leaders act like coaches or consultants.

You don't want to give your prospects the impression that they are helping you by joining the business rather you want to be interested in helping them move out of their situations.

#11) BE GENUINE AND ETHICAL: prospects will see through the facade if you try presenting yourself as someone else. 

This business is built with integrity, don't let temporary benefits make you ignore your values.

#12) DON'T TAKE REJECTION PERSONAL: In network marketing, rejection is part of the business. One way to get use to rejection is to have more of it. There's a book titled go for "NOs" . This is a process where your aim is to count the numbers of rejections you encounter. 

This will not only make you get used to rejections but you will succeed faster in your recruiting process.

I believe you've gotten some values from this training. Do you have any question or contribution to this topic, if yes kindly leave a comment below I'll like to hear from you.

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