Connect with us

Business

What You Should Know About MLM – Network Marketing Tips & Constraints

Published

on

Spread the love

Introduction to multi level marketing (MLM)

Recently, there have been several business outlets with promises that you can make money either as full or part member. For most people, MLM seems to be the name that stuck most especially in the USA but actually, it is abbreviated.

MLM simply means Multi Level Marketing, otherwise known as Referral or network marketing. It is very difficult to get a legit one these days with the increase in getting rich quick syndrome in the world yet even in this midst of this doubt, we still have some companies in the USA who give in their time for a solid business platform.

What is Multi-Level Marketing (MLM)

Unlike what you have seen everyday on your street or in your environment, MLM is not the act of product-making by the manufacturer which is then passed to the distributor for effective discharge to the retailer. The consumers are always the final piece of the puzzle. MLM is quite different from this traditional method.

In layman language, Multi-Level Marketing is when a company use their present customers or distributors to sell their products with a promise to pay them a percentage.

It follows the pattern of a chain reaction as the new customer or distributor brought into the fold may become the next phase while keeping the others.

How does the Multi Level Marketing MLM scheme work?

Unlike what is obtainable in the traditional method of distribution, MLM involves you recommending products to friends and families. On purchase, you are entitled to 10% to 30% of the fee depending on the term set by the companies.

To be a force, you must be a great salesperson if you want to earn much on MLM, the power of oratory will go a long way in convincing potential buyers. It gets easier if you know how to use social media to your advantage.

Who will not want to buy products he or she is interested in after confirming from friends and families who use such production? It should be an opportunity for you to make money off the company by referring your friend to the company which in turn get you something.

It is better to have access to a great network of people if you really want to make a passive income. Social media is a great tool for that, Facebook currently has over a billion users, it is a place where you can connect with people easily either as a regular user or making use of facebook ad.Mlm nigeria

Other available platforms are Twitter, WhatsApp, LinkedIn, Instagram and many more. You just need to find the best angle that works, be it just normal post into your timeline or squeezing out the benefits of ad as marketing tools.

Don’t think of Multi Level Marketing (MLM) as a way to get rich quick. It is a process as it takes lots of efforts on your part to be at the centre of it all.

Steps to become successful in Multi Level Marketing (MLM)

  • Find the right company or a company that has what it takes to become a force.
  • Buy and use the company product.
  • Get a sponsor.
  • Attend training offered by the company or leader.
  • Make the internet your friend.
  • Ask for feedback from the buyers.
  • You need to realise patience is a virtue.

Find the right company or a company that has what it takes to become a force: finding the right company will be easy based on testimonies from others or one on the internet. The right company could mean a company who has already made a good name for itself.

For someone who is just starting, no one does better than a company which is yet to make a name. The incentive is always high plus other benefits you will enjoy. The downside is that it is not known already so convincing people could be hard but if you can manage, you can earn your way into making good cash before others start noticing. Why not be the first?

Before you choose the company, make sure that the company has a good project at hand and understand the business well. If you are not convinced about trying out the company, settle for the already established one.

Buy and use the product: How will you convince people to buy when you have no idea of how it works.

There must be lots of questions surrounding the products as one who is likely to put herself or himself of an as a referer for the company, getting familiar with it is the first step.

Let your friends and family have access to it if possible, no better way than to get undiluted information or review about the product. You don’t want to sound unconvincing when potential buyers ask you a question.

Get a sponsor: No matter how much information you have at hands or how much you know, you need someone as a roadmap. Someone who has been there and know what it takes to be a referer. Someone who has had long-term success and not just one in a blue moon.

It makes the job easier when you have someone who tells you what to do and how to it and not at the expense of not trying to for other new methods. Sieve the knowledge you got and use it to make a better judgment. Learn from someone mistakes and experience if you really want to go far in your business journey.

Attend training offered by the company or leader: No matter how much you know, the company or the leaders know more than you. Attend training or seminar arranged by the company, make an effort to learn from the experts. That gives you a big advantage and help you market your product easily.

It also gives you the opportunity to ask questions about what might have confused you and if you are lucky, you will get a good mentor there.

Make the internet your friend: Social media is the perfect outlet to make things happened. It is also the cheaper alternatives as you get to save time and money following up on potential buyers.

Get new people using Instagram, twitter, facebook and other social platforms. Write a review to convince them that the product is good. Answer questions quickly as potential buyers generally hate waiting for so long. Doing all these will further help you gain their trust quickly and in no time, you will convert your leads.

Ask for feedback from the buyers: People do undervalue the importance of collecting feedback from buyers or users.

If you study the everyday relationship long enough, you will understand that the key to keeping up with people close to your heart is by engaging with them. If you are into retail selling, do you care to notice the trend between those who ask and those you do not ask after sales?

You will never be able to give in your best to the customer until you start asking for feedback. It further enhances the relationship, which then results in gaining their trusts and confidences.

Their opinion is important for your own growth as you are now the channel to the company. If ever there is a wrong use of peradventure, something went wrong, it is your duty to take the feedback to the company. If it is a positive one, you get to enjoy an increase in the sale when you ask, that one customer can lead you getting more customers. More customers mean more commission and increase in your passive or residual income.

You need to realise patience is a virtue: Don’t beat yourself too much if you are not getting desired results quickly. Instead, use it as a catalyst to get what you want.

Just like most successful businesses out there, there is always a slow period especially when you are just hitting the market. Focus your energy in experimenting trends, learn from your mistake and be the best you can.

Put it at the back of your mind that the journey of a thousand miles begins with a step, you are just taking your first step so it might take a while to get to your goals. You might not be turning profit now but you will if you are able to turn every disadvantaged scenario as a lesson to be the better you.

Constraints to Multi Level Marketing (MLM)

Like all businesses, Multi Level Marketing otherwise called Network Marketing is not peculiar. It has its own problems and solving these challenges is the key to be a success in the referral marketing campaign.

Let’s take a look at some of the biggest challenges of Multi Level Marketing (MLM)

  • Persistently asking you to refer people you know.
  • Marketing difficulties.
  • Keeping in line with the changing world.
  • Keeping customers close is a challenge for most people

Persistently asking you to refer people you know: We understand that the key to a successful campaign is to grow your network and which is mostly done by interconnecting with your friends, acquaintances and family on a personal level.

While doing this may be a good thing but what happens when they are unsatisfied with the product or join the company as referent only to discover that it was all sham? This alone could end your relationship.

Marketing difficulties: Not many are disposed to try Network Marketing. For most people, it is just a sham which is intended to take from unsuspecting people.

There has been widespread news of companies that are bent on doing anything just to get people on board, mostly shady ways. Not helped either by bad dent as seen with several companies which have now been liquidated. The money, time and resources went with no way of getting it back.

The first impression does matter a lot. When people first experience is unpleasant, it is always difficult to regain trust. Companies and referrers must do enough if they want to gain public confidence.

Keeping in line with the changing world: What worked years ago may not work now. For example, before the advent of the internet and mobile phones, keeping in touch with people is very difficult. There is no way to get a quick response except through telex or landline which most people do not have.

There are now lots of tools to use, if you feel was previously obtainable no longer the trend, it is time to adjust to the new set of rules or at least create a better one. Search online for ideas, go seminar or training, skype chat your way if that is what it takes. There are lots of ways you can do it better than the other. You can’t be stagnant with the old rules and expect success.

Keeping customers close is a challenge to most people: If you think after sales of a product or when the referent joins the community, it is all over. You are on the wrong side.

You will have to check on them from time to time, answer questions and most importantly, feedback.

With the increase in technology, it is now easier to keep in touch using auroresponder or having a lists of messages in your doc to be sent to prospects or buyers. When they join, you will still need to train and equip them. The cost, time and resources could be a constraint to the success of network marketing.

Is Multi Level Marketing (MLM) worth it?Referrer marketing

Of course, it does. If you know your onions well, it wont be long before you start smiling to the bank. But first, self belief is the first step, so many fail because of lack of self belief. Why would anyone want to do business with you or join the rank if you are unconvincing.

You must also possess marketing skills, most especially be courteous in your approach with people. If you do not have that, becoming a force will be a problem.

Let me be honest with you, the failure rate supercedes the success rate. Only few get to make waves with MLM but the question is are you setting up yourself for success or failure?


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

MTN Nigeria Affiliate Program: How To Start Your Own

Published

on

Spread the love

MTN affiliate program is one of the several ways to make extra money. I know that for several people, this looks new to them but in our usual generosity, we will try to inform you about what you have been missing out.

Being at the center of it all has afforded MTN, the biggest network provider in Nigeria the chance of coming out with different kinds of products to help them make more sales.

Mtn Nigeria is under the MTN Group Limited. The group is formally called M-cell, a South African multinational company who operate in several countries with its head office in Johannesburg. They came into Nigeria officially on May 16, 2001 and started operation that same year in August.

MTN Nigeria is the first GSM Network in Nigeria, they have gone through a series of growth and has covered several grounds in the 36 states. They have more competitive package than the rest of the networks and also have more subscribers.

Mtn has continued to roll out several rewards-based program with Mtn affiliate program being one of them. Before we go deeply into mtn affiliate program works, let’s introduce you to affiliate program.Mtn *2018#

What is affiliate marketing?

Affiliate marketing is one of the quickest way to make money online anywhere in the world as it always comes with high commission.

Although there may be other ways spelled out by the companies who make use of agents to sell their products but the commission on referrals is always high like we have seen with NNU Income Program, Newpay Income Program, refer.ng income program & several others.

Therefore, affiliate marketing is that type pf marketing you carry on for a company by promoting their products and for your trouble you are given a commission.

Several people have been partnering with business in order to make commission by referring people to company’s products and services.

The amount to be paid for referrals depends on how much sales you made. Using NNU Income Program as example, you get NGN1000 for any person who registered and get approved. If you are able to get 100 people, you would have made NGN100,000 on NNU Income Program.
How much commision you earn on MTN Nigeria affiliate Program

It is very important that you know what you are getting into. MTN Nigeria is clear and straightforward about their program.
For successfully selling your product, you earn 2% of any amount.

What you need to get started with MTN Affiliate Program

  • Your mobile phone.
  • MTN Number.

How to get started with MTN Affiliate Program (Steps)

Registration: Registering an account is the first step and it is simple and fast.

To register your account, dial *2018# on your MTN number. Follow on-screen prompts to complete registration.

You will receive a confirmation message when you are done.

The next step on the list is funding of your *2018# wallet: Now that your registration has been confirmed. You are now licensed to sell airtime to mtn and airtel users and in return, a 2% commission.

Steps to fund your 2018 wallet

A GTbank account: you need a gtb account and if you do not have at the moment, you can have one opened for you either online or in their branch.

To get yours opened for you without visting the bank, dial *737#. Thereafter, fund your gtbank account.

Though there are still ongoing plans from MTN to make it bigger and add more banks to the fold but for now, GTbank it is.

Dial *737*50*amount*2018# from the same number you used to register for your MTN affiliate program.

MTN affiliate program rates *2018#

There are two ways to earn to earn commision on MTN affiliate program. One is when you buy airtime for yourself and the other is when you sell to another.

Selling to others earn you more commision than buying yourself.

2% commision when you sell to others: Selling to others other than you will give you 2% commission on each sale. Mobile phone is already like a way of life for several people, yet not complete without having data or airtime on your mobile phone.

People load for the purpose of making calls and buying data. Imagine having several people on your list who wants to load airtime or have it as one of your source of income in your kiosk or shop.

Even as phone merchant, sim card seller or one that operates a mobile money shop, you can still be earning proceeds from this channel.

I have seen a lot of mobile money operators in Nigeria who venture into this type of offering as another source. It does not have to be your only channel, make it what brings more money into your business. At the end of the day, you might find out that you have done really well for yourself.

1.5% commision when you buy for yourself: even as an affiliate agent of mtn, you can still cut yourself some deal when you buy for yourself.

Now that we have been able to exposed you to another way of smoothing ride yourself into financial freedom, please read our other articles on the business section. We promise to come again with another exciting business prospects.


Continue Reading

Business

How To Make Money In Nigeria With Glo Affiliate Program

Published

on

Spread the love

Glo Affiliate ProgramGlo affiliate program

Do you know you can make money off Glo by partnering with them through an affiliate program? Glo Nigeria is no doubt one of the biggest network providers in Nigeria and the acclaimed grandmaster of data.

The mobile operator has done reasonably well to establish themselves as the biggest merchant of data and with wide range of services offering.

For days, we have been taking you on different ways you can make money but today, we will be speaking at great length about Glo affiliate program.

Glo in their usual generosity is giving everyone the chance to become an agent and earning cash. Before we delve into the benefits of mobile money agents on glo, let introduce you to what is affiliate marketing is.

What really is affiliate marketing?

The word affiliate means officially connected with an organization. You are more like an intermediary between the organization and the public. You have important duties to the public and the company.

The organization is counting on your expertise to help make more sales and in return, you will be fairly compensated.

The public does hope you have every information they need about the products in the hope they would buy. It is very important to know a lot about products.
Not being able to answer properly to the customer’s question would cast doubt and could ruin the chances of converting leads.

For the purpose of this exposure, we will define affiliate marketing as a type of marketing whereby you promote organization products and in return, you are given a commission.

How affiliate program work?

One of the fastest ways to make money has always been through the affiliate program. It is evident with the way every agent takes up the role. The commission and incentives are always reasonable compared to the company other offerings.

As an affiliate agent, you only need to market the goods to the public with procurement and delivery being left to the organization.

It is also easy to calculate as it is based on an agreed percentage between the organization and its agents.

As an affiliate program, all you need to do is use a product or find everything you need to know about the product.

Promote the products to another and make sure it is your link or channel they use to purchase it.

For your efforts and time, the organization will pay you a commission. The more referrals, the more the cash your earn.

As the product owner, you only pay commission when sales is made which can be of advantage to you. It does not matter how much marketing tools the affiliate market employed, if he or she is not making sales, you are not paying commission either.

But properly train or give them the needed information to help them make sales, which can subsequently improve your business.

Benefits of Glo affiliate program

As an agent of the network provider, you have access to very reasonable commission. The company claims you can make as much as NGN50000, even more with glo referrals.

Another great advantage is that unlike most affiliates, setting up on glo is low. You don’t need to have much or borrow to kickstart it. The network provider really take it into consideration and afford everyone the chance.

You are not alone even when you are agent, you have the support and expertise of the company to help make things work as soon as possible. Be it marketing support or business support, you are totally covered.

You do not even necessarily need to get a physical place for the business. With your phone and glo sim, nothing is stopping you from becoming an affiliate.

What you need to become Glo affiliate marketer.

Becoming glo mobile money agent is quite easy and straightforward.

  • Your phone
  • Glo sim card
  • Email address
  • Names, state and local government area.

To get started, click on the link https://www.gloworld.com:443/ng/mobile-money/become-an-agent/ and provide correct information to the fields.

Be it known that this is just a pre-qualification form, the network provider will contact you in the coming days about the status of your application.


Continue Reading

Business

How To Set Up Bulk SMS Website In Nigeria Using Joomla CMS

Published

on

Spread the love

In the changing world, there exist so many profitable businesses in which bulk SMS business is one of them.

Being successful comes with having the right information with you, in such light we will be providing you with vital details of what you need to know about SMS business.

There is no point in keeping that money in the bank while they get rich off you. Even as a full or part-time workers, you can still get to keep the SMS business growing that is if you plan it strategically.

Sms business is no doubt one of the best online business out there and less stressful. At just about 140 typed words, you can get the message sent to over a million people depending on the numbers agreed between you and your client.
Sms plays a big role in the world today, individual, religious centre and companies are always in need of the service rendered by bulk SMS companies. It is a business that is not going out of vogue soon.

Reasons why people use SMS

  • Sms can be used to reach out to potential customers.
  • To pass vital information passed across to people irrespective of where they are.
  • Religious centres also use it to inform people of programmes, change in program and other information that may be of importance.

How to set up a bulk SMS business with Joomla cms

What you need

  • Domain name or URL.
  • Web hosting.
  • Components or modules of bulk SMS.
  • Control Panel.

Set up

  • Joomla Installation & setting up SMS components.
  • Joomla Configuration.
  • Installation of bulk SMS components and modules

To get up your business rolling, the first thing you need is cash. Cash or fund as you may call it is the foundation of which all is business is built on.

As much as I make it sound as if you need a lot of cash to start up SMS business, I am happy to inform you that you only need a little cash to make it work. You dont need to even get a loan, with your little savings or help from family and friends, you can be on your way to building up your own empire.

Now that we have been able to allay your fears, let’s go to how you can start your bulk SMS business in Nigeria.

Domain name or URL: this is your unique identity, it is your link to customers and potential customers. People will visit the domain name when they need to make use of your services or make inquiries about your service.

Think of it as your office where people come in to make demands or ask for service and in return, you are fairly compensated for the services offered.

Web hosting: the speed, space, and uptime of your website depend on the quality of the web hosting companies you choose plus the way you optimize it. See web hosting as the land where you build your domain(structure).
there have been lots of web hosting companies, I have used good numbers of them which have served me well. Namecheap is always my favourite when we talk about more value for money. It is cheaper compared to other foreign ones and their customers support is superb. In Nigeria, domainking has always been my favourite, added to it is qservers. I can vouch for them if you need one from your locality.

Components or modules of bulk SMS: SMS bulk components allows you to convert your website into bulk SMS portal. It allows you to set up SMS HTTP API, thereafter you can now be sending and receiving the message.

Control Panel: the control panel is where you do most of the work. It is more like your own personal workshop where you can set up or configure the way your site looks and serves people.

Joomla Installation & setting up SMS components:
On your panel, locate sofatculous. In case you are having difficulties in finding it, go to software services section. You do not need any technical knowledge to set up Joomla installation and your SMS components.

  • Click on software services and then select softaculous.
  • You will be directed to a new page bearing auto installer.
  • Look at your left side on the platform, under the categories menu, select portal/SMS and then click on it open the list of options available on it.
  • There is quite a list of CMS apps you can choose from, click on Joomla icon.
  • Joomla installation page will open, it is important to install a newer version of the software to avert issues in the nearest future.
  • You will be directed to a new page where you can have access to information regarding the software and other benefits you stand to enjoy.
  • Click on install to have it ready.

Joomla Configuration: when done with the installation, the next step is to configure your newly released Joomla. Like I said before, it must be the newer update to avert possible damages in the future.

On the Joomla application, you are to provide information to the blank fields. Some of the fields have already been automatically filled during installation.

Despite that being said, it is important to go through it and provide information as it does fit.

On the application, you will see the following fields. The fields include site name, site description, admin username, email and password, and real name.

When you are done configuring Joomla as you want, click on install button which is available at the end of the page.

Once you are able to configure properly, you will see a confirmation message showing, “successfully installed” with another login platforms called, “frontend and backend”

The frontend of a site is the section that users or people visiting your site make use of. It is that part of the site that you can see and interact with. The place where your clients or visitors visit to accesss their account.

The backend of a site is the area where the admin control, set up, add texts and edit as he wants. It is more like a workshop from him or her to control how the site will look. The backend consists of a database, serve, and application.

When you buy stuffs from jumia or other related merchants. You open the jumia application and interact with the frontend. Your interactions with the frontend usually consist the numbers of items you want, phone numbers, names and the address

you want your packages to be delivered.
Once you are done with that,the application saves it in the database and enter into the server.

Now that you have Joomla installed and configured, you will be directed to a new page where you can login and create your Joomla site.

Add a simple and well-optimized template and login into the backend of the site, otherwise called the admin area.

To log into your admin area, enter www.domainName.com/administrator
Select extentions to open up a list of options and then click on extension manager.

Through the extention manager, you can install modules, components, theme, plugins and languages.

There are three (3) options available on this section, they are:

  • Install from directory.
  • Install from url.
  • Upload package file.

If you manage to install with no error from your side, you will receive a confirmation message stating, “installing template was successful”

Installation of bulk SMS components and modules

Installation of components

  • The next step is to go to your control panel, click on manage and install.
  • Navigate below to view upload file section.
    Click to get the component from your computer files or anywhere you saved them.
  • Click on install.

Note: search online to find where to buy your bulk SMS component. Some companies sell as low as 50kb per unit. Some can even go cheaper but the most important thing is to get it from trusted agents.

  • After installation, locate the component on the menu bar to view the file for confirmation. Notwithstanding, you will receive a confirmation message after installation.

Installation of modules

The module provides a platform for the admin and users to help them manage and control ongoing activities on their SMS section.

  • Go to control panel, select manage and click install.
  • Locate the module section and activate atleast 2 installed modules.
  • And now to the models section. To get to the models section, use the menu bar on your admin area.
  • Select the ratio button and then click on activate.
  • Now your site is now ready.

How to improve your bulk sms business.How to gain more customers

Marketing has always be the heartbeart of any business.
As a business owner, you must adopt a good marketing strategies to help grow your business the way you want it.
There are several ways of bringing potential customers to your door.

The strategies adopt for other businesses is no different from the ones that will be used for bulk SMS business.

Be rest assured that all these are proven and result oriented. All you need is to be consistent in the approach and also find ways to add to these methods.

How to get more customers for your bulk SMS business

Social media: social platform has proven to be more than arena where friends and families connect. It is one of the cheapest alternatives and can be very reliable if you have a good number of followers. Even if not, you can always ask help from friends and families to help you spread the message.

There is also a paid service by facebook, twitter, and others which help you get your products to your targeted audience. For the facebook and or twitter, you do not need to spend much to get them to your audience, with as little as $5, you can get your products spread across the country.

One on one marketing: This is otherwise called direct marketing. Direct marketing is a type of marketing whereby individuals and organizations directly inform the public about their products without making use of agents.

The channels are text messages, one on one awareness, website, emails, fliers and many others. Even when you are able to get your message passed to your potential customers. Engaging with me will further help you solidify your relationship with your customers.

Blog: One of the advantages of having a blog is that you can use it to advertise your products or services to the world. It is better if you have a large following, and that will give you an edge over others.
Engaging with your followers is one way to gain their confidence and another is asking for feedback. More interactions mean you can easily introduce your products to them and having gained their confidence will help you sell your products.

Online forum: quora remains the best online forum site in the world. We have everyknows and asknaij which are not that different from Quora.

In Nigeria, nairaland has seen off competitions and at the moment, no online forum site stands a chance to compete with them.

Online forum is a discussion site where people can deliberate on a matter arising in the form of posted messages.

Offer incentives: giving discounts and commissions is one of the many ways you can get more customers for your online businesses.

Customers do love their cherry on top, and there is no better way to keep them coming than to offer them what they won’t get elsewhere. The customers you have will definitely sing your praises to another and thereby building up your customers base in the process.


Continue Reading

Trending