Network Marketing Tricks

I just released by free Online Business Blueprints report:

Grab yourself a free copy!  Just click on the report to access.

Have you ever tried promoting Clickbank products? Have you ever tried promoting any affiliate products using PPC? Would you like to have a system that allows you to produce a solid income online, with reliable results?

If you answered ‘yes’ to any of those questions, you need to head over to Online Business Logic and read my review of the Commission Blueprint system. It’s by two fairly unknown marketers who have made an absolute fortune online and are now sharing their secrets to using Clickbank.

You can also see a squidoo lens on The Commission Blueprint

I posted a review of a very powerful new release over at Online Business Logic a couple of days ago and it’s relevant to anyone reading this blog…

Recession Rescue System 3 is the new product from Harriss Fellman, Shawn Casey and Tellman Knudsen and it’s perfect for anyone just getting started online…

I won’t waste time talking about it here - if you want to give your business a kickstart head over to Online-Business-Logic and check it out!  You can also see another review of the Recession Rescue System here.
Bill

In an attempt to keep this blog purely about Network Marketing, I have started a new Online Business Blog which will cover Internet Marketing, Affiliate Marketing, creating information products, Search Engine Marketing, Pay Per Click, Outsourcing and much more… In fact, anything related to building and running and successful business over the Internet as opposed to just running a Network Marketing business.

Over time, the site will also include tutorials and articles covering everything from setting up your own blog to getting the most from a PPC campaign and I’m also porting some video tutorials from 1daywebmaster.com (a site that teaches web design) and including some of those on the site. There will also be reviews of Internet Marketing products and services and a tools section.

Be sure to check it out the new site and leave some feedback via the comments… It’s a resource for YOU so let me know what you want to see on the site!

Today is the first national Work from home day.  Up to five million people shunned their daily commute today in order to work from home.  In fact, working from home has become more and more popular in recent years with an increase of 600,000 full time home workers in the past decade.

It is estimated that around 3.5 million Brits currently work from home (around 12.5% of the working population), and many more are choosing to tele-work every week.   The Southwest is leading the country in this with over 15% working from home.

“The benefits of working from home, even occasionally, are now widely accepted,” said Phil Flaxton, chief executive of Work Wise UK.

“Not only does it reduce the amount of commuting people have to do, enhancing their work-life balance, but many are actually more productive.

“Although many organisations practise the age-old philosophy of ‘presenteeism’ they should open their eyes to the new work ethic spreading across the UK and try out home working. They may well be surprised.”

Of course, as a Kleeneze distributor I’m very used to working from home.  On the odd days when I do need to drive into town during rush hour it only serves to remind me of what’s so great about running a home based business - freedom!

For the first time in UK franchising history, the industry’s annual turnover has broken the £10 billion barrier, making franchising one of the most successful routes to own your own business. More importantly, according to a survey conducted between Natwest and the British Franchise Association, 92% of franchisees claim to be trading profitably – an increase from 88% in 2004.

Buying a franchise allows you to set up your own business without starting from scratch. You use a tried and tested formula, and benefit from the experience and support of the franchisor (the company offering the franchise). It also means you can enjoy all the benefits of self-employment with considerably less risk than if you started a business on your own.

Why Kleeneze?

The average investment for a franchise in the UK is £45,400, though this varies dependent on the sector. Around half of franchisees borrow money to set up – the average amount being £50,500. Kleeneze, on the other hand, costs between £75-£165 to set up and rather than wait six months to two years before you yield a profit, you can reap the cash rewards straight away with no overheads or employment or staff costs. In fact, you can be in profit with your new Kleeneze business within a couple of weeks! And of course, there are no restrictions on earnings – whether you’re looking to earn £50 a week or £400k a year, it’s entirely up to you.

FRANCHISOR INITIAL INVESTMENT TYPE OF BUSINESS

Kleeneze From £75
McDonald’s From £40,000
The Wheelie Bin Cleaning Co. From £9,975
Ovenclean £14,000
The Tanning Shop £25,000
Tumble Tots Ltd £6,000
Molly Maid UK £16,975

Considering most people wish to start their own business in order to have both financial and personal freedom, Kleeneze ticks all the boxes. As part of the Kleeneze network, one of the most important benefits of being a Distributor is the level of support you receive. Your team will help you to build and run your business successfully – the perfect fusion of being part of a growing Network while having the freedom to run a business that’s entirely your own.

Yesterday I attended Edward Ludbrook’s only UK date this year for his fantastic 100% coaching system.  The day was based around training us as 100% Success Coaches who can now implement the strategies which Ed has developed to increase retention and performance in many organisations around the world.

The 100% Success system is based on coaching key skills to a level of competence which inspires confidence in new distributors.  The workshop was a massive success with every attendee leaving with a wealth of knowledge and skills, and a confidence in coaching their teams.

I know that the system is going to have a dramatic impct on our business, and the successes of our future team members, and I can highly recommned the workshop to anyone serious about developing their business.

During the workshop we were introduced to Cecilia, a top leader in Scandinavia with FLP.  She has been using Edward’s system for the past year and has seen dramatic results, as have many others in businesses around the world.

As a certified 100% Success Coach, I am personally looking forward to implementing this strategy within Team Eclipse and taking this business to the next level - thanks Ed!

There’s nothing complicated about how a Network Marketing business works, but many people get confused by the idea.  With any Network Marketing business, you get paid for moving product (i.e. when a customer places an order) either with yourself, or with one of your team.  Here’s an example of how you can build a residual income with the Kleeneze opportunity:

Stage 1

If you deliver and collect back 250 catalogues per week, on average 1 in 10 catalogues will give you a £10 order, that’s £250 in orders a week, £1000 over a Kleeneze 4 week period, and earn £274 (£211 retail profit and £64 volume profit). It makes sense to grow your business by retailing and sponsoring (introducing other people).

Stage 2

If over a period of time your were to introduce 10 other people who did the same, that would earn you approximately £1,260. This means you are at GOLD DISTRIBUTOR STATUS.

Stage 3

Simply show 5 of your distributors how to do stage 2 and do stage 2 again yourself.
This means you are at SENIOR EXECUTIVE DISTRIBUTOR STATUS.
THIS IS AN ESTIMATED ANNUAL INCOME OF OTE £50,000
(Based on average earnings)

Building a team is not essential with Kleeneze, and many people earn very good incomes from personal retail alone (the top earner purely from placing catalogues last year earned over £35,000) but it’s the only way to build a residual income that keeps paying you on months when you don’t work, when you’re ill, on holiday or even after you retire!  Next time we’ll look at how to build to Gold Distributor and why you won’t have to do all the work yourself!

Unless you pay off your credit card balance in full every month, chances are you’re sliding further into debt.  Of course, with a Network Marketing business it’s easy to earn a few hundred pounds a month extra to more than pay for the repayments, but here are some tips on saving money and avoiding the debt in the first place.

1) The ‘most expensive debt first’ trap

Your credit card bill probably includes several different types of debt. Money and interest you owe for products you buy, cash withdrawals and for any balances you have transferred from another card. You probably think that as you are using the same card for each you will be paying one rate of interest. Not always the case!  To make matters worse, the card company will not use your repayments to reduce the most expensive type of debt on your card!

In fact, your monthly repayments are probably being used to may off your ‘interest free’ or reduced rate debt, while you rack up interest on newer purchases and more expensive credit.

To avoid this situation, try and keep balance transfers on a different card to the one you use for purchases.  Also try to avoid using your credit card for cash withdrawals unless it’s a real emergency as this will cost you the most, and you’ll have to pay a handling fee too!

2) The ‘direct debit’ trap

Setting up a direct debit for monthly credit card repayments is a great idea. While  late payment fees are now capped at £12, these can be easily avoided by setting up a direct debit payment that will clear in plenty of time. There is a down side to direct debit though. Most card issuers will set up your debit by default to only pay the minimum amount.  This increases the life of the debt, and the total repayable, often meaning a debt takes 20 - 30 years or more to clear!

When setting up your direct debit, enter in the fixed amount you can afford every month. If your card issuer won’t accept this, continue to pay the minimum by direct debit, and pay an additional amount off each month by cash or cheque.

3) The ‘minimum repayment’ trap

Many people only repay the minimum on your credit card bill each month. This might seem to cost you less in the short term, but you could still be paying it off in 40 years as the tiny payments barely reduce the interest you owe, creating a debt cycle.

In most cases, just paying a few pounds more a month can dramatically cut the overall time it will take to clear your debt and save money. For example, on an average balance of £2,950.82 a consumer would pay £2,200 less in interest if they repaid 3% rather than 2% each month, and they would repay the full debt almost 15 years earlier!

If you have debts on credit cards, try to pay off what you can afford each month.  Start with the card that has the highest interest rates first and take advantage of interest free balance transfers when available.

4) Earn more to reduce the debt

A few hours a week running a Kleeneze home business could easily earn you £200 - £500 or more each month.  Just using half of that extra income to pay off your credit cards will get you out of debt many years faster, while putting extra cash in your pocket at the same time.  To find out more request one of our free home business information packs.

The ‘Credit Crunch’ continues as a study has shown that retired borrowers in the UK owe four times what they did 10 years ago.

The survey, by Help the Aged and Barclays, found that a quarter of people approaching retirement age have outstanding consumer credit commitments.

It said there had been “considerable growth” in sums of money borrowed by credit users, including older people.

UK consumers owe more than £1 trillion in secured and unsecured borrowing.

The reason for this debt is a combination of factors but one thing is sure, if more people realised that a simple home based business could not only bring in a few hundred extra pounds each month, but even lead to substantial residual earnings even in retirement, these figures would be very different.

While Help the Aged head of policy, David Sinclair, warns of a “ticking timebomb”, our industry is seeing massive growth and a bright future.  We are in one of the very few truly recession proof industries, and have the answer to so many people’s problems - we just need to spread the word and educate the public about this fantastic opportunity.