Everyone Is Not Your Prospect
We recently read this from our mentor who shares a story of a wonderful conversation he had with a woman names "Laura", a top earner in a fast-growing network marketing company.
Laura is part of a small elite group of top producers, who recently started working with Elite Marketing Pro to help take their business-building efforts online and supplement the incredible success they’ve had offline.
As I asked her questions about her background and on how she built her downline organisation—including her building philosophy, the type of people she recruits, how she trains new people as they come in, the timing of promotions she runs, etc., and to my surprise, I found myself silently nodding my head, saying “yes,” to everything she was doing in her business.
Okay, let me break this down to be sure you're with me…
A pure ONLINE recruiting advocate, myself, was excited and in total agreement with how a top income earner in network marketing built her business OFFLINE!
She also didn't like many of the things I despise about traditional network marketing!
I had found my offline soulmate. 🙂
She didn’t believe in making a list of 100 closest friends and family for the purposes of pitching an opportunity to.
She didn’t like being out at dinner with her family and feeling compelled to prospect the waiter or anyone else for that matter.
As she said, “If I’m out with my family, I want my full attention to be on my family.”
What prompted this conversation was that she had read a post online by a popular network marketing trainer that was titled, “Everyone IS your Prospect.”
She adamantly & angrily said…
“Everyone is NOT Your Prospect!”
Continuing the conversation she went on to say…
“I’m sorry, but being someone with a pulse whom I don't know is not qualification enough.”
I was like, “Right on… you’re preaching to the choir here!”
Understanding exactly what she was thinking, I then followed up with…
“That's why top recruiters are almost NEVER the top earners”
She responded, “Exactly!”
We were so telepathically in tune, to some reading this right now, this conversation might not make total sense for a few reasons.
First, it’s safe to say…
We BROKE commandments #1 & #2 of the “old school” bible.
- Make a list of 100 of your closest friends and family
- Prospect everyone that comes within 3-feet of you (i.e., the “3-foot rule”)
And in fact, I’m so contrarian with this regard, my family has NO IDEA what my business entails, what opportunity I’m involved with or what products I sell.
As far as they are concerned, I’m probably still in Amway, I'm making millions, and thankfully don’t bother them anymore.
(FYI, I’m not in Amway, but I do run a 7-figure business, and yet I don’t have to pitch it to a single person I know.)
And let's add our story here...
Our first network marketing opportunity was also Amway so we totally resonate with Ferny's story here and just like him our family have no idea what our business entails, what opportunity we're involved with our what products we sell
Lets carry on with Ferny's narration of his conversation with Laura...
However, the more nuanced part of the conversation above might have to do with the connection between the “everyone is NOT your prospect” and “top recruiters are almost never the top earners” realisations.
You see, it has been my experience that the biggest earners in the network marketing space were NOT necessarily the top recruiters of the company, primarily because…
A legitimate company doesn’t pay you to recruit people!
They pay you to produce volume (i.e. product sales) and teach others to do the same.
So what a TOP EARNER in a company has figured out is that they need to grow a big organisation in depth, NOT just in width…
And those reps in depth need to produce volume (i.e. be quality leaders).
The true secret to building a stable 6- and 7-figure business in network marketing (or any other business for that matter) is to actually have a greater emphasis on QUALITY over QUANTITY.
How to Make 7-Figures By Recruiting FEWER People
A friend of mine, “Lisa,” who's spoken at my events and earns 7-figures in her network marketing business, once told me she only sponsored 17 people into her current opportunity, yet has an international organisation of thousands which stretches across, Europe, Asia, and the Middle East.
And my client, Laura, who I was having the conversation with, built a fast-growing multiple 6-figure business in less than 2 years having only sponsored 15 people into her personal business.
TOP RECRUITERS, on the other hand, are SO GOOD at recruiting people,
- a.) they spend the majority of their time recruiting because that’s what they are good at,
- b.) most people they sponsor are not cut out to be sponsoring ‘monsters' so there’s no duplication, therefore no depth is created, and
- c.) there is usually little emphasis on product volume because there is so much emphasis on recruiting.
The big one here is b.), because let’s face it — most people suck at being entrepreneurs and no matter how much you try to motivate, train or love on them, 90% of people won’t ever do crap in their business
(Sorry it's the truth and a decade of experience tells us this too).
Now, can top recruiters also be top earners?
Sure but you'll find that top earners tend to focus more on training & building leaders.
That’s the reason why Laura didn’t bother making the big list of 100 to pitch her opportunity to or recruit everyone she meets because she knows the majority of them won’t make good builders!
So here’s what she does instead — she’s very selective, qualifies people rather than recruits them and if she TRULY believes they are winners in life, she will invite them to look at her business.
Otherwise, most people can and will make great customers! In fact, she actually does make a list of 100, but the majority is for customers and very few qualify to be business builders unless they go through a qualification process.
And frankly, that’s how I promote as well, except instead of doing 1-on-1 conversations to qualify folks, my qualification process is actually automated online using something called ‘attraction marketing.’
How To Automatically Get a Steady Stream of HIGHLY Qualified ‘Entrepreneur Minded’ Prospects
Now before I explain how this works, I just want to share with you what ‘attraction marketing’ isn't.
Attraction marketing is not spamming people on social media with private messages and posting your sign up link on people’s News Feed. I really hate that crap and if you’re currently doing that, please STOP!
Just yesterday we had someone do that and it just makes us cringe but we always try to be positive and point them in the direction of our training so that they can have a better chance of success if they are open to learning...
Back to Ferny...
I can't tell you how many folks in network marketing think they are doing ‘attraction marketing' or Internet marketing, by sending dozens or hundreds of private messages to strangers per day.
In fact, ‘attraction marketing’ is a completely passive activity (i.e. you aren’t messaging anyone) where people actually send YOU their contact information so they can learn more about your product or opportunity.
In some cases, it’s your opportunity and in other cases, it’s a product.
But here’s the deal, just because someone shows an interest in your business, doesn’t mean you’re going to sponsor them or want to sponsor them.
It means that they need to demonstrate that they are a good fit your business and this is done using something we call in the online world a ‘funnel.’
A ‘funnel’ consists of a series of short steps, which is designed to replace the 1-on-1 interaction my client, Laura, would normally have with a prospect to qualify them.
The problem with doing it offline is that, if you are ‘qualifying’ people, you better be a person who can command a certain level of respect.
If you are my client, Laura, who is confident, well-spoken and successful in life, you’re off to a great start and will likely have good success.
If You are Broke, Shy & Scared… You’re Pretty Much Screwed Building Offline!
And that's precisely why we gave up after our Amway experience because we didn't know a better way and no one was teaching this back in the early days of the internet remember...
And as online marketers for over a decade now we know how powerful this is
Online, it’s a whole different situation because when a prospect requests information from you about a product or opportunity, you already have posture.
They came to you and have already told you they are interested in what you have.
Heck, they are probably super impressed by the fact that they found you online and probably want to know how you did it too!
I generate hundreds of prospects every day for my business, yet only a fraction of them qualify to be leaders in my business.
The majority actually become my customers, which is awesome, because they pay for my ad costs and overhead.
Now, if you're ready for a complete breakdown of how you can set up your own ‘attraction marketing funnel,’ I put together a free 10-day Attraction Marketing Bootcamp, which you can access right here.
More and more top earners are taking advantage of ‘attraction marketing.’
Many top networkers already have a massive online presence...
(But many of them don't actually want you to know that or their company don't permit it except for their top leaders and that's the biggest disappointment of an industry we love)
But you know how the saying goes…
“If you want something, find someone who has what you want, do what they do and you’ll get what they got”
That's what we did and we hope now that you've read this you'll realise you've found the right people who will help you to do that
With thanks to Ferny Ceballos Chief Marketing Officer of Elite Marketing Pro, our mentor and friend for sharing this story