Understanding Residual Income & the Compounding Effect

    How to make money? Compounding in Network Marketing. How does MLM Work?

     

    Eric Worre

    Benefits of Network Marketing/ MLM

    Benefits of MLM/Network Marketing

    There are so many benefits to joining it, here are the top 10 benefits for you:

    1. You find more success in MLM than a “traditional” business

    Do you know that 50% of small businesses fail in the first year and 95% fail within the first five year? Imagine slogging for 5 years of 12 hour days only to find yourself in debt.

    The 80/20 rule applies to MLM, 20% of the people will be making 80% of the money. 80% of network marketers fail because they are unmotivated or do not have a neck for self employment. If you are someone who is disciplined, hard working, motivated and willing to learn, you have a higher chance of succeeding in MLM.

    1. Lesser cost to join a MLM company

    You can join a MLM company that comes with products using a couple of hundred dollars. Some companies need a monthly minimum order for you keep your active distributor status which may be as much as $100. Again, this is a much lesser overhead cost if you compare renting an office space, buying inventory or paying your employees.

    1. It is simpler to run

    Accountants, secretary, workers. These are the people you will need if you are going the “traditional” business way to keep track of all the red-tape, paperwork, receipts, bookkeeping etc. With an MLM company, the company will handle most of the paperwork, all you need to do is to handle your own financial records for income taxes and worrying about sales.

    1. Income potential

    How much do you want to earn? The sky is the limit in MLM, there is no cap. Unlike in the corporate sector, your income is dependent on the “market standard” for someone with similar skill set.

    1. Leverage

    The fundamental of how MLM works- The more successful people you have under you, the more you earn. You reap the rewards by leveraging on the effort of your team. This is a win-win situation.

    1. Get top business training

    Network marketing companies have one of the best training courses around. MLM companies often hire the best speakers and trainers to help their distributor because they really do want you to succeed. Courses from successful selling, attracting people to motivational training programs, they will do everything in their power to help you achieve that.

    1. Tax breaks

    You get a lot of tax deductions with a home based MLM business as compared to the “traditional” business.

    1. You set your own working hours

    Being self-employed gives you the freedom to set your working hours. Need to go to your son’s soccer game on Thursday? Sure, set that potential client’s appointment on a Friday instead. With MLM, you are in control of your time.

    1. Portability

    With a smartphone in your right hand and a laptop in your left, you can easily do business while on the road. Imagine trying to do that with a corporate job.

    • Easier to market and promote.

    If you are a “traditional” business owner, you are on your own when it comes to marketing and advertising. A MLM company has a proven marketing system and their own marketing materials ready for their distributors to make use of.

    How Much Can You Make in MLM?

    Network marketing is often associated with get-rich-quick schemes, you should always take that with a pinch of salt. There is no doubt you can make a lot in MLM but you need have the right motivation, connections and sales skills for that.

    The business model of MLM allows you to earn more for your time invested than any corporate job or “traditional” business around due to the leveraging of your network.

    With a good compensation plan in place, the successful ones can make unlimited income.

    Markets

    How to get started

    Choose a business name.
    When choosing a business name, think of something that is unique and original because then your business will be able to be found easily when searched.
    Distributors may NOT use a trademarked name (i.e. LipSense, SeneGence, etc.) to register for any Social Media. For example, you may NOT use these names as part of any user name, page name, group name, or web address (URL).
    For information about SeneGence Social Media Policies, please refer to the Distributor Social Media Policies & Procedures document in your Back Office under Business > Policies & Procedures.

    Start a group or a page on Facebook
    Facebook is a great resource when starting your SeneGence business. The popularity of social media is growing every day, and many SeneGence Distributors choose this as a platform to promote their business.
    Should I create a Facebook page or a Facebook group?
    Short answer – both! Why? Because each of these have different benefits and are both great for your business.

    A Facebook page is great for the following reasons;
    Increased Exposure to Potential Customers
    Gather More Leads
    Lower Your Marketing Expenses – Starting a Facebook business page costs you nothing. If you do want to reach more people you can to boost.
    Reach a Targeted Audience – You can target a particular audience when you boost your posts or create ads.
    Use Facebook Insights
    Build Brand Loyalty – If you consistently provide valuable and entertaining content, your followers will stay loyal.
    Increase Your Web Traffic
    Boost SEO
    A Facebook group is great for the following reasons:
    Increased intereaction
    More intimate
    Lower Your Marketing Expenses
    Build your brand by showing more of your personality

    How do I create a Facebook group?
    • Log in to Facebook.
    • On the left hand side you will see groups.
    • Click groups, create new.
    • Enter your business name
    • Choose a cover photo
    • Put in a description of what LipSense is. Here is an example. Make sure that you change it to suit your personality.
    “LipSense is the premier product of SeneGence, with over 36 lip colours to choose from. Just by layering different shades there are 1000’s of colour possibilities, meaning you can mix and match depending on your mood or the occasion.
    LipSense is Waterproof, Kiss-Proof, Smear-Proof colour that won’t dry out your lips and won’t come off until you take it off.
    Put your pout to the test and kiss away! Create your own custom colour recipe by combining shades that are rich and solid, sheer and shimmering, vibrant, shiny or frosty.
    NO WAX • NO LEAD • NO ANIMAL TESTING • GLUTEN-FREE
    If you are looking for lip colour that lasts, then look no further.
    Contact me to place an order or request more information. Feel free to contact me anyway you would like!
    Message me on Facebook
    Call/Text:
    Email:
    www.facebook.com/__________
    (For maximum staying power, 3 layers of lip colour is applied and topped with one of our Nourishing LipSense Lip Glosses)”
    • Create an album and include photos of all the LipSense colours in there. Photos of all the colours available on this website under marketing your business. (can we include a link for them here that will take them straight to the photo album? We also need to make sure that the images are downloadable.
    • Add everyone you know on Facebook that would love LipSense – even women who you may not think would – you never know.
    • Create posts including:
    Introducing yourself and why you started your SeneGence business
    EXAMPLE:
    (I need to put examples in here)
    Start sharing your new business and Facebook page.
    Ask your friends and family to share for you too.
    Think about ways to promote your business & products.

    Create business cards and advertising

    There are many different websites you can use to create websites, although most use vista print. Vista print often has great deals and discounts, they ship very fast and are great quality. Ideas of what you could order to start with include;
    • Business cards
    • Application instructions
    • Flyer with all the LipSense colours including your contact details.

    Order products and start using them
    If you have funds to outlay this will ensure a great start. To understand more about how to order and get the best discounts look at the section Placing your first 300pv order.
    It is also important to order other things that you will need for your business. Please see a list below and links where you can source the products for a great price:
    • Disposable gloss applicators
    • Padded envelopes
    • Bulk stamps – available from Australia Post
    • Registered post stickers – available from Australia Post
    • Organza bags or other bags that you would like to package your orders in – Ebay have a great variety or even discount and $2 shops.

    Learn about the products and SeneGence
    Browse through the Facebook groups, get familiar with back office, search on YouTube, reach out to your upline and ask questions.

    Payment options and recording orders
    Work out your business payment options. You may decide that you would like to set up a new bank account or a paypal account. There are also other programs that you can use such a square.
    – Square:

    WELCOME TO SENEGENCE

    Congratulations on taking the first step in your journey to a successful SeneGence business!!
    This page is here to assist you in building your business, and has information about paving your way to Princess!

    Information on this site has been independently made by your team leaders.

    We could also include the new distributor folder in there as images to look through, and also a file they can download and send around.

    Marketing Images

    Path to Princess

    Welcome to this website! It has been created to provide effective training to SeneGence distributors who have started their journey on their Path to Princess!

    The content on this website is courtesy of Vanessa Sette, Belinda Davidson and Louise Puli, all Princesses with SeneGence International.

    These are training materials for members to support you to launch your business and get it off to an amazing start. These materials have been developed by us, and not by SeneGence International.

    We have a fabulous system in place and all you need to do to be successful is to stick to the system and never quit! We believe that it is simple, successful and easy to duplicate. If you make a commitment to work consistently at your business a little bit every day, and give it a few months, and years, then anything you wish to create through this incredible business is more than possible.

    Ask your sponsor about registering today!

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