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 seek to become a top earner, the way to do it is to implement a promotional plan that puts your message in front of thousands of people - not merely a handful of friends, family members and people you know.
You have to learn how to market- like a REAL business!
Here are 3 strategies 7-figure income earners use to build network marketing empires 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.
Diversifying lowers risk and increases income. Be careful to never get distracted from building your Legal Shield business when you diversify your revenue streams.
There are three main ways to diversify your 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.
It's also possible to convert your own content into paid products. Record your conference calls and webinars, then ell the recordings. Bundle your videos into an e-course. Gather your blog posts, edit them and create an e-book.
Finally, offer paid coaching to your best students. As your expertise grows, you can raise your coaching prices and be more selective about whom you coach.
- Invest Your Time Skillfully
Your time is the most critical resource you have as a Legal Shield business owner. An employee is going to get his paycheck regardless whether he is productive.
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.
Schedule your important tasks for the beginning of each work period. The activities that bring in the most revenue for your Legal Shield business are the things to do first. Clarify what each hour of time is worth to your business. Divide your target weekly earnings by the number of hours you want to work your business. This is the rate per hour you expect to earn as a business owner.
Your time might be worth $150 per hour. Can someone do your grocery shopping and other chores for less than this hourly rate? If so, then why are you doing them? You should not be spending time doing simple chores you can easily outsource.
- Market Like A Real Business
Like any established business, you must market to generate sales. Once you run out of friends and family to prospect, you are going to need to use real marketing to grow your business.
Purchasing leads and business cards, and setting up your company-provided replicated website seems like marketing. A lot of these tools are ineffective and a waste of time. There are a few parts to a marketing strategy:
Target The Right People: What type of person do you want in your Legal Shield business? People with business experience? Broke people who need to make money? I recommend you target other network marketers who are looking for a better way to build their business. Networkers understand the business to a degree and won't ask you if this is a pyramid. People in network marketing have signaled they are willing to put a monthly product purchase onto their credit card.
Adopt A Compelling Position: A lot of other people promote Legal Shield too. Why should anyone sign up with you? Define the value you bring to the table that's different form everyone else.
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 an automated email system, combined with live phone calls, to build rapport with and close sales.
If you seek to become a top earner, the way to do it is to implement a promotional plan that puts your message in front of thousands of people - not merely a handful of friends, family members and people you know.
You have to learn how to market- like a REAL business!
Here are 3 strategies 7-figure income earners use to build network marketing empires 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.
Diversifying lowers risk and increases income. Be careful to never get distracted from building your Legal Shield business when you diversify your revenue streams.
There are three main ways to diversify your 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.
It's also possible to convert your own content into paid products. Record your conference calls and webinars, then ell the recordings. Bundle your videos into an e-course. Gather your blog posts, edit them and create an e-book.
Finally, offer paid coaching to your best students. As your expertise grows, you can raise your coaching prices and be more selective about whom you coach.
- Invest Your Time Skillfully
Your time is the most critical resource you have as a Legal Shield business owner. An employee is going to get his paycheck regardless whether he is productive.
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.
Schedule your important tasks for the beginning of each work period. The activities that bring in the most revenue for your Legal Shield business are the things to do first. Clarify what each hour of time is worth to your business. Divide your target weekly earnings by the number of hours you want to work your business. This is the rate per hour you expect to earn as a business owner.
Your time might be worth $150 per hour. Can someone do your grocery shopping and other chores for less than this hourly rate? If so, then why are you doing them? You should not be spending time doing simple chores you can easily outsource.
- Market Like A Real Business
Like any established business, you must market to generate sales. Once you run out of friends and family to prospect, you are going to need to use real marketing to grow your business.
Purchasing leads and business cards, and setting up your company-provided replicated website seems like marketing. A lot of these tools are ineffective and a waste of time. There are a few parts to a marketing strategy:
Target The Right People: What type of person do you want in your Legal Shield business? People with business experience? Broke people who need to make money? I recommend you target other network marketers who are looking for a better way to build their business. Networkers understand the business to a degree and won't ask you if this is a pyramid. People in network marketing have signaled they are willing to put a monthly product purchase onto their credit card.
Adopt A Compelling Position: A lot of other people promote Legal Shield too. Why should anyone sign up with you? Define the value you bring to the table that's different form everyone else.
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 an automated email system, combined with live phone calls, to build rapport with and close sales.
About the Author:
Ricardo Interpemian has coached thousands of people how to build businesses such as Legal Shield.
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