Legal Shield business owners: It's time to learn what it REALLY takes to become a top earner Are you dedicated to climbing to the top of your comp. plan?
If you want to become a top earner, it's vital you get way beyond merely talking to colleagues, associates, family and friends about your business..
You've got to learn to acquire customers and business partners the way nearly all legitimate businesses do: through marketing!
Here are 3 ways top earners dominate today:
- Diversify Your Income Streams
Add other revenue sources to your Legal Shield business. It's risky to rely exclusively on a single revenue source in your business. You never know if your top people will leave your downline. Attrition might rise on your Legal Shield business. Legal Shield management could take the company in a direction you don't like.
Risk goes down when you diversify your income streams. Be careful to never get distracted from building your Legal Shield business when you diversify your revenue streams.
Multiple options exist to add new sources of revenue:
First, sell affiliate products. Sign up as an affiliate to promote the services, courses, and system you use in your business. Focus on the products that are so good, you would recommend them if you weren't paid to do so. Generally you get paid commissions of twenty to sixty percent.
Another strategy is to take your content and make it into a product. Record your conference calls and webinars, then ell the recordings. Bundle your videos into an e-course. Bundle your articles into an ebook.
One-on-one coaching is another revenue stream you can add to your business. Price your offer so it's worth your time.
- Invest Your Time Skillfully
As a Legal Shield business owner, your most valuable asset is time. People with jobs get paid even if they are not productive during that week.
In contrast, entrepreneurs only get paid for the results they create with their time and resources. Success in Legal Shield is going to depend a lot on how well you invest your time.
Schedule your days. Define when your Legal Shield business activities are going to get done. Decide in advance what you are going to do during that time.
Focus on revenue generating activities. These are things like connecting with qualified prospects and generating leads. Limit diversions. If you're working, don't check email, and stay off Facebook.
begin your work time with the most critical tasks. Tasks that create the most income for your Legal Shield business are the things to do first. Clarify what each hour of time is worth to your business. Plan how much you intend to earn in a year, then divide it by the number of hours you intend to work each year. This is how much your time is worth.
It's probably $100 an hour or more. Is it possible to hire someone to do laundry and other simple tasks for less than this rate? If the answer is yes, then why not hire someone to do these tasks? Hire people to perform low level chores.
- Market Like A Real Business
Like any established business, you must market to generate sales. It's amazing how little network marketers in companies like Legal Shield are taught about real marketing.
DVDs that pitch your company, replicated websites and webinars are not a comprehensive marketing strategy. Running around with a bunch of silly brochures will NOT build you a large business. Real marketing has several ingredients:
Identify Your Target Market: Who is the ideal prospect for your Legal Shield business? Existing business owners? Broke people who need to make money? Network marketers are a really attractive target market. Networkers understand the business to a degree and won't ask you if this is a pyramid. Networkers have shown they are willing and able to make a monthly autoship purchase.
Position Yourself Properly: There's a ton of people who promote Legal Shield just like you do. What do you have to offer that's different from everyone else? Clarify your unique selling proposition. (U.S.P.)
Promote: What's your strategy to attract leads after you run out of people you know to introduce to Legal Shield? Use a proven online marketing system that teaches strategies to generate leads online.
Follow-Up: After you generate a lead, what will you do to follow up? Use both live phone calls and automated emails to handle follow up.
If you want to become a top earner, it's vital you get way beyond merely talking to colleagues, associates, family and friends about your business..
You've got to learn to acquire customers and business partners the way nearly all legitimate businesses do: through marketing!
Here are 3 ways top earners dominate today:
- Diversify Your Income Streams
Add other revenue sources to your Legal Shield business. It's risky to rely exclusively on a single revenue source in your business. You never know if your top people will leave your downline. Attrition might rise on your Legal Shield business. Legal Shield management could take the company in a direction you don't like.
Risk goes down when you diversify your income streams. Be careful to never get distracted from building your Legal Shield business when you diversify your revenue streams.
Multiple options exist to add new sources of revenue:
First, sell affiliate products. Sign up as an affiliate to promote the services, courses, and system you use in your business. Focus on the products that are so good, you would recommend them if you weren't paid to do so. Generally you get paid commissions of twenty to sixty percent.
Another strategy is to take your content and make it into a product. Record your conference calls and webinars, then ell the recordings. Bundle your videos into an e-course. Bundle your articles into an ebook.
One-on-one coaching is another revenue stream you can add to your business. Price your offer so it's worth your time.
- Invest Your Time Skillfully
As a Legal Shield business owner, your most valuable asset is time. People with jobs get paid even if they are not productive during that week.
In contrast, entrepreneurs only get paid for the results they create with their time and resources. Success in Legal Shield is going to depend a lot on how well you invest your time.
Schedule your days. Define when your Legal Shield business activities are going to get done. Decide in advance what you are going to do during that time.
Focus on revenue generating activities. These are things like connecting with qualified prospects and generating leads. Limit diversions. If you're working, don't check email, and stay off Facebook.
begin your work time with the most critical tasks. Tasks that create the most income for your Legal Shield business are the things to do first. Clarify what each hour of time is worth to your business. Plan how much you intend to earn in a year, then divide it by the number of hours you intend to work each year. This is how much your time is worth.
It's probably $100 an hour or more. Is it possible to hire someone to do laundry and other simple tasks for less than this rate? If the answer is yes, then why not hire someone to do these tasks? Hire people to perform low level chores.
- Market Like A Real Business
Like any established business, you must market to generate sales. It's amazing how little network marketers in companies like Legal Shield are taught about real marketing.
DVDs that pitch your company, replicated websites and webinars are not a comprehensive marketing strategy. Running around with a bunch of silly brochures will NOT build you a large business. Real marketing has several ingredients:
Identify Your Target Market: Who is the ideal prospect for your Legal Shield business? Existing business owners? Broke people who need to make money? Network marketers are a really attractive target market. Networkers understand the business to a degree and won't ask you if this is a pyramid. Networkers have shown they are willing and able to make a monthly autoship purchase.
Position Yourself Properly: There's a ton of people who promote Legal Shield just like you do. What do you have to offer that's different from everyone else? Clarify your unique selling proposition. (U.S.P.)
Promote: What's your strategy to attract leads after you run out of people you know to introduce to Legal Shield? Use a proven online marketing system that teaches strategies to generate leads online.
Follow-Up: After you generate a lead, what will you do to follow up? Use both live phone calls and automated emails to handle follow up.
About the Author:
Ricardo Interpemian has taught thousands of people how to grow businesses like Legal Shield.
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