Direct selling is a unique industry in that there are high quality products to market and sell and there is also a much larger business building opportunity available to those inspired to become entrepreneurs. The opportunity to build a business with as little as $1500.00 in investment funds is truly remarkable. Similar to every business within every industry, there are core functions which need to be executed and if done well, will increase the probability of your businesses viability.
Marketing, sales, administration, distribution and talent acquisition are the pillars of success in direct selling. Often we view our website, product collateral and lead lists as marketing. Sales are straight forward, as many direct sellers create revenue generating retail portals on the internet and retail their products through joint ventures with other businesses. Administration is simply the accounting and order processes which move our product through the distribution chain. Talent acquisition is the obvious cornerstone of course. Enrolling like minded entrepreneurs, who clearly understand the underlying potential of the business and, who buy into the income potential of multi level marketing.
New associates, through their introduction to the industry, have been asked to focus on their warm market with a stated goal of identifying 100-200 people whom they know well. Friends, family, professional associates and service providers become their initial targets. They are counseled to sell the opportunity first and if their prospect is disinterested, sell retail second.
Controversially, I would propose in many cases it is wise to retail to your warm market or sphere of influence first, while sharing the opportunity to earn income along the way. Your sphere of influence will recognize the benefits of your offering and witness the success of your retail business first hand, which strategically will aid you in creating your down line while at the same time nurturing your warm market. Your short term benefit will obviously be income. Recruiting and enrolling in the warm market has obviously been effective for many direct sellers. The challenge for most arises after their warm market has been saturated. Positioning your opportunity retail first will keep your warm market warm indefinitely.
Generate a list of potential leads. Your goal is to list over 150 names- Gather names and phone numbers plus email. Take time to consider multiple referral source leads. Multiple referral source leads are individuals who work each day in areas directly related to your product or offering. For instance, if your offering provides benefit in the healthcare niche, spend your time cultivating and nurturing relationships with nurses, practitioners, pharmacists, medical sales reps and physicians. People in the industry providing services are continually meeting new people who can benefit from your unique offering.
Below is an exercise to aide you in identifying your warm market. Commit to completing this exercise prior to continuing.
Family Contractor
Spouses family Garbage Person
Extended family Landlord
Your best friends Computer repair person
Spouses best friends Neighbor
Your very close friend’s Old colleagues
Spouses very close friends Current Colleagues
Veterinarian Friends from the Gym
Children’s friends and parents Printer
Accountant Travel Agent
Children’s coaches Your Realtor
Financial planner Family Doctor
Stock Broker Friend in MLM
Commodity Broker Sells you clothes
Children’s teachers Lawn person
Dentist Pest control
Orthodontist Your electronic sales person
Barber Arts and crafts
Hairdresser People at the pool
Bank Teller Teammates
Someone who owes you money Office building
Dry Cleaner Play cards with
Gas station Your web designer
Convenience store Butcher
Mechanic Grocer
Buy tires from Check out person at store
Pharmacist Local friendly police officer
College friends Jeweler
High School friends Florist
Childhood friends Home alarm representative
Car Dealer Shoe repair
Church Anyone currently trying to sell you anything
Scrapbooker Vendors from work
Furniture store Photographer
Pet Store Political associations
Favorite restaurant Trade organizations
Bartender Golf Pro
Plumber Sporting goods store
Ski partner Climbing Partner
Waiter/Waitress/Host Brother
Send cards to Sister
Club/Golf/Tennis/Spa Your electrician
Your mail person Your business coach
Fed Ex Pre School Teacher
UPS Yoga instructor
Landscaper Chiropractor
Carpenter
Go to Movies with
Lawyer
Insurance Agent
Auto Insurance Agent
HVAC repairman