A Change In Marketing Terms



Marketing Terms

Marketing Terms

Are you hurting your business by using marketing terms too frequently?

In the Internet/Network Marketing industry there are a lot of marketing terms that get used quite a bit. In an industry that is supposedly meant for the little guy, the average Joe, to be able to start up their own business, we need to be aware of who we are talking to. The person just getting involved in our industry won’t understand a lot of these marketing terms we use. And it could very well turn them off. They have enough of a learning curve up front as it is.

With that in mind I thought I would list a few ways to say the same thing as some of the marketing terms say, but in a way that will make it easy for everybody especially the novice to understand.

Let’s talk about comp plans. We talk about binaries, a matrix, forced matrix, unilevel, and so on. Really, who cares?!? I mean to the novice, all they really want to know is are they going to get paid when they do something. They will learn the marketing terms as they grow in the industry. A lot of people try to explain a comp plan in too much detail using a lot of marketing terms. Just let them know how many ways they can be paid, and for doing what, in your comp plan and company and teach them the rest as the questions about it arise.

Inside the industry people talk about sponsoring, up lines, down lines, etc. Instead of using marketing terms like these, how about talking about your organization, or your new members organization? Maybe instead of using the term sponsoring, talk about how they can get other people involved in their business.

How about prospecting? Here’s one of those marketing terms that has alway bothered me. When people get a new rep or team member, the first thing that comes up is getting prospects. This is important, but the way we talk about it could have a very positive effect in that team members business. How about not calling them prospects. They are people, human beings. And people don’t like to be sold to. And by using the term prospect, we condition our minds to be in a selling mode. Everyone you talk to really is a potential prospect. But instead of thinking of them in marketing terms such as a prospect, think of them as a human being. Listen to what they are saying and learn about them. From that information you will be able to find out if you have something that will answer a question or solve a problem for them and then be able to help them.

There are more marketing terms that we use everyday within our industry. But to the person who has never been in this industry these terms seem like a foreign language. If we talk to people in everyday terms, not only will the novice understand what you are trying to say, but so will the seasoned marketer.

Once people are involved in the industry for a while they will come to understand the marketing terms that we use and become more and more familiar with them. Don’t use so many marketing terms when talking to people and they will better relate to you and you to them.

 

 

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MLMS – Good or Bad



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mlms

So, are MLMS good or bad? There are a lot of people who say they are bad because MLMS are pyramid schemes and they are only out for your money. Then there are others who say that they are a great way to be able to start your own business.

Is it a pyramid scheme? When you look at the structure of a lot of MLM companies, yes they do look like a pyramid. Does that make mlms illegal or un-ethical? That all depends on the owners and leadership of the companies or MLMs. Let’s look at a traditional company. You have the CEO, President, VP, Department heads, etc. When you put it down on paper it looks like a pyramid layout to me.

If you’re working in a traditional corporation, take a look at the structure. How about government? President, VP, Congress, Senate & House, and so on. Again looks like a pyramid to me.

At any rate, if you look around you’ll see pyramids everywhere. That doesn’t make them bad.

Yes there are bad and un-ethical MLMS out there. And the same can be said for traditional businesses as well. The key in finding good MLMs or companies is to look at the owners. Find out who they are and what they believe in. Look at the leadership. Who are they? What are their beliefs?

What makes good companies and MLMs is the leadership. Not just at the top either. Every company has many leadership levels. MLMs included.

So when looking for a good company, and they are out there, there are some things to look for. First and foremost is the leadership. Then you have to look at their financing. How long have they been in business and are they dept free? What product or service are they involved with?

I’ve said this before but it bears repeating. Even if you’re looking at MLMs, if the product or service they offer is not in alignment with what you believe in, then its not for you. No matter how much money they claim you can make. That’s another thing. Most people who get involved with MLMs get in for the wrong reasons. And yes when I first started I did as well. They get in it for the money or the promise of making a lot of money, or because somebody else claims they are making a lot of money with it.

I’ve come to find out that those types of MLMs that make those promises of mass fortunes up front usually don’t last long. Or the turnover rate is so high that the only people making any significant money are those already at the top.

There are many MLMs that offer a product or service truly designed to help people. That’s what you want to look for. Something you can believe in and get excited about.

I honestly believe that that’s why so many go from business to business looking for that pipe dream. They keep seeing the next shiny thing and think the grass has got to be greener on the other side of the fence. What I say is that if you are passionate about a product or service and it has value for other people in the world, then you can become successful with it because of its value. Groom the grass on your side of the fence. Plant the seeds. Nourish them. And watch them grow.

Success in anything doesn’t happen overnight contrary to what the HYPE tells you. Look at a traditional brick and mortar corporation. When you first get hired, do you expect to get a promotion the very next day? I don’t think so. You have to prove yourself. It’s the same with MLMs. The difference is in who you have to prove yourself to. If you work in the corporate world, its your boss. If you work for yourself, well, it’s still your boss, but the boss is you.

Only you can determine whether or not you are successful. And it matters not what it is you want to be successful in. Whether it be in MLMs or in everyday life. You hold all of the cards.

Bill

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