Primerica business owners: It's time to learn what it REALLY takes to become a top earner Are you determined to climbing to the top of your comp. plan?
If you seek to become a top earner, you must go well beyond your circle of friends and family.
The single most important skill you could ever learn is marketing.
Read the rest of this article to learn several strategies top 2% earners are using to build large and lucrative businesses:
- Be An Attraction Marketer
Nearly all people promoting Primerica run out of leads. That's when they end up chasing people and they just seem to be desperate. The ideal solution to these issues is Attraction Marketing.
Attraction marketing entails creating and promoting content that educates network marketers how to improve their business results. This content positions you as an obvious expert and leader. This is a very effective way to sponsor people into Primerica.
A few principles govern Attraction Marketing:
- On the Internet, people are NOT looking for your business opportunity. Most people really want to find a leader who can show them the way.
- There's no shortage of people on the Internet trying to promote companies just like Primerica. There are very few true leaders out there.
- People are magnetically drawn to others that can alleviate their problems.
- People get turned off when they feel someone is just trying to close them on a sale.
- When you focus on assisting others to solve their pressing business problems, your value in the marketplace goes way up.
- If you want to receive, you have to be a giver first. The quality and extent of your valuable free content will influence the degree to which you are considered a leader.
When you practice attraction marketing effectively, prospects will approach you to request to join Primerica. attraction marketers NEVER have to chase people down.
- Supplement Your Primerica Income
Make sure you have other income streams in addition to just your Primerica revenue. Banking solely on Primerica is very risky. You never know if your top people will leave your downline. Attrition might rise on your Primerica business. Primerica management team might change the comp. plan or add restrictions you don't like.
you lower your risk when you diversify your Primerica business income. Add new revenue sources but do not get distracted from your core Primerica business.
There are three main ways to diversify your revenue:
Add affiliate offers to your marketing mix. Think of the courses, services and systems you use and your business. Pick the best ones to promote as an affiliate. Only promote the best products and services, not just the ones that pay high commissions. 20%-60% payouts are typical.
Another strategy is to take your content and make it into a product. Record your conference calls and webinars, then ell the recordings. Turn your free videos into a for-profit video course. Bundle your articles into an ebook.
One-on-one coaching is another revenue stream you can add to your business. Select a price for your coaching so it's worth your time.
- Make More Money In The Short Term
Marketers in Primerica and similar companies spend way too much time and energy trying to build a long term residual income. And they focus too little on short term revenue. These networkers leave a lot of money on the table.
In the long term, you need a very big downline to create a large residual check. But there's a miniscule number of people who ever create really large organizations.
Retention is terrible in network marketing. Nearly everyone in your downline will quit in the first year. Focusing almost all your efforts on creating a large downline is NOT the most profitable business model.
You can earn a lot more by increasing the money you make n the short term. Focus on the revenue you derive in the first three months of acquiring a new rep or a new customer.
There's two basic places you earn income in the short term:
Market affiliate products such as training and systems to network marketers. Earn affiliate commissions on the sale pf these products. The vast majority of your prospects won't join Primerica, and you need to monetize the investment of time you spend with these people.
Selling a high ticket product line is another great strategy to increase your income in the short term. Network marketing opportunities such as Primerica usually pay $50-$100 each time you sponsor a rep.
It's much more profitable to promote a high ticket opportunity that pays commissions of $1,000 or more per sign up. Add a high ticket opportunity to your business. The money you make in the short term can increase substantially.
If you seek to become a top earner, you must go well beyond your circle of friends and family.
The single most important skill you could ever learn is marketing.
Read the rest of this article to learn several strategies top 2% earners are using to build large and lucrative businesses:
- Be An Attraction Marketer
Nearly all people promoting Primerica run out of leads. That's when they end up chasing people and they just seem to be desperate. The ideal solution to these issues is Attraction Marketing.
Attraction marketing entails creating and promoting content that educates network marketers how to improve their business results. This content positions you as an obvious expert and leader. This is a very effective way to sponsor people into Primerica.
A few principles govern Attraction Marketing:
- On the Internet, people are NOT looking for your business opportunity. Most people really want to find a leader who can show them the way.
- There's no shortage of people on the Internet trying to promote companies just like Primerica. There are very few true leaders out there.
- People are magnetically drawn to others that can alleviate their problems.
- People get turned off when they feel someone is just trying to close them on a sale.
- When you focus on assisting others to solve their pressing business problems, your value in the marketplace goes way up.
- If you want to receive, you have to be a giver first. The quality and extent of your valuable free content will influence the degree to which you are considered a leader.
When you practice attraction marketing effectively, prospects will approach you to request to join Primerica. attraction marketers NEVER have to chase people down.
- Supplement Your Primerica Income
Make sure you have other income streams in addition to just your Primerica revenue. Banking solely on Primerica is very risky. You never know if your top people will leave your downline. Attrition might rise on your Primerica business. Primerica management team might change the comp. plan or add restrictions you don't like.
you lower your risk when you diversify your Primerica business income. Add new revenue sources but do not get distracted from your core Primerica business.
There are three main ways to diversify your revenue:
Add affiliate offers to your marketing mix. Think of the courses, services and systems you use and your business. Pick the best ones to promote as an affiliate. Only promote the best products and services, not just the ones that pay high commissions. 20%-60% payouts are typical.
Another strategy is to take your content and make it into a product. Record your conference calls and webinars, then ell the recordings. Turn your free videos into a for-profit video course. Bundle your articles into an ebook.
One-on-one coaching is another revenue stream you can add to your business. Select a price for your coaching so it's worth your time.
- Make More Money In The Short Term
Marketers in Primerica and similar companies spend way too much time and energy trying to build a long term residual income. And they focus too little on short term revenue. These networkers leave a lot of money on the table.
In the long term, you need a very big downline to create a large residual check. But there's a miniscule number of people who ever create really large organizations.
Retention is terrible in network marketing. Nearly everyone in your downline will quit in the first year. Focusing almost all your efforts on creating a large downline is NOT the most profitable business model.
You can earn a lot more by increasing the money you make n the short term. Focus on the revenue you derive in the first three months of acquiring a new rep or a new customer.
There's two basic places you earn income in the short term:
Market affiliate products such as training and systems to network marketers. Earn affiliate commissions on the sale pf these products. The vast majority of your prospects won't join Primerica, and you need to monetize the investment of time you spend with these people.
Selling a high ticket product line is another great strategy to increase your income in the short term. Network marketing opportunities such as Primerica usually pay $50-$100 each time you sponsor a rep.
It's much more profitable to promote a high ticket opportunity that pays commissions of $1,000 or more per sign up. Add a high ticket opportunity to your business. The money you make in the short term can increase substantially.
About the Author:
Ricardo Interpemian has educated thousands of business owners how to grow businesses like Primerica.
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