Showing posts with label Business Training. Show all posts
Showing posts with label Business Training. Show all posts

Thursday, December 22, 2011

10x Networkers


I'm a geek and proud of it. It gives me a unique perspective on life. To make things even more interesting I'm a left-handed engineer, which means I'm constantly using both the logical and creative sides of my brain to solve problems. Simple tests suggest my right brain is slightly dominant, which is not surprising for a southpaw:


Right Brain/ Left Brain Quiz
The higher of these two numbers below indicates which side of your brain has dominance in your life. Realising your right brain/left brain tendency will help you interact with and to understand others.
Left Brain Dominance: 10(10)
Right Brain Dominance: 11(11)
Right Brain/ Left Brain Quiz

What can I say? I'm unique!

All this self-aggrandisation is fine, and does wonders for my ego, but what on earth does it have to do with 10x Networkers?

I keep up-to-date with technology management and I'm fascinated by the challenges posed by the need to manage teams of open source developers. I see those challenges as directly relevant to those faced by many team leaders in network marketing. For example, how do you motivate people when you can't see their hour-by-hour performance and working practices? How do you have effective meetings that move the entire team forward when people can make excuses not to plug into the webinar or conference call? How do you build the team spirit that means people will go the extra mile, not for themselves, but for their team-mates?

There's a lot of discussion in the open source community at the moment about a concept called "The 10x Developer". These are the superstars who work agilely, stick to To-Do lists, focus on the essentials, don't reinvent the wheel, constantly self-educate, and spend money on the tools when the investment pays off in time saved.

We need to be recruiting and training "The 10x Networker":

1. Communicate first, then do only what needs to be done, choosing the simplest solution that solves the problem. Don't leap off at a tangent or waste time on work that will not push you closer to your goals.

2. Don't reinvent the wheel. Your company has provided you with systems that work; trust them and use them. I know people who have spent thousands of pounds on building their 'own' systems, websites, etc. They could have spend that money on building a team and a customer base.

3. Learn constantly. Identify what skills and/or qualities you lack, then get yourself some training.

4. Buy tools that save you time. Cost out how much time, paper and ink it would cost you to print off 4000 lead generation leaflets, for example. Now go find a printer who will under-cut that price. It won't be difficult.

5. Focus. Divide your day into productive sections and avoid email, social networking sites and incoming calls during that time.

6. Plan your activity in detail.


7. Review regularly and often. Kill your precious plan if it's not working; but first, try some radical surgery.

8. Talk to people. Networking only pays off if you work on it.

9. Give yourself permission to step away from your work. If you spend 100% of your time on your business, you'll end up with nothing, long-term. Taking a break, spending time with friends and family, will allow you to re-invigorate your focus.

10. Get on with it! Start small, but just do something every day to move yourself and your business forward.

If we live our lives according to these guidelines, then our teams will copy us. If we don't, then our teams will copy us...

Monday, July 04, 2011

The Success Meme

Ever had one of those days where the same thing crops up over and over again? You keep seeing "For Sale" signs, or blue Saabs, or pink pushchairs.

It's a sign that you're focused on a particular goal, to the extent that you are more aware of evidence of that goal. So, if you've decided you want a new Zafira, you'll be more aware of the Zafiras that already exist in your area.

Today, I keep finding references to the word, Success. Blog posts, audio training, work-related emails, and a nice 3 minute movie from Simple Truths that I enjoyed so much, I just wanted to share it. Take a look at The Best of Success and you'll see what I mean.

If the definition of meme is "a cultural item that is transmitted by repetition analogous to the biological tranmission of genes", then network marketing success is a meme.

I really like the idea of a success meme. It suggests that, the more people are successful, the more will become successful in their wake. That resonates with me, which is probably why I'm seeing this word everywhere at the moment.

Here's to your Success.

Tuesday, January 18, 2011

Network Marketing for Beginners - The 3 Rs

You may have heard about the 3 Rs of Education - Reading, 'Riting and 'Rithmetic.

There are 3 Rs in network marketing too, and this time, you don't need to mis-spell to make the mnemonic fit.

The 3 Rs are Reflect, Revise and Refocus.

Reflect

This should be done at the beginning of every action plan, whether you plan out 7, 28 or 90 days of activity at a time. It should also be done if your tracking shows that you're in danger of missing your targets.

Is what I'm doing effective? - Am I getting in touch with enough prospects? Is my retail turnover sufficient to support my goals? Is my customer service excellent? How many hours am I spending to achieve my results? Are my family threatening to change the locks if I don't spend more time with them? Whose advice should I follow?

Could I be doing it better, or differently? - What can I do to improve the situation? Would more customers help? How can I generate more leads? Where are my constraints - money, time, or both? What can I set aside in my life to help with building my business?

What are my options? - List the options available for the situation you wish to reflect on. This is the time to brainstorm, regardless of whether you choose any of the options or not. Options can include time management techniques, asking for referrals from customers or prospects, rearranging your personal or business budget, etc.

Revise

Go over your existing plans, tracker sheets and targets. If you haven't got any, create them! Ask yourself the following questions to identify the changes you need to implement:

What do I need to change to improve my results?
How will I implement the changes?
Over what timescale?

Produce new plans, tracking and targets to enable you to take action.

Refocus

Now that you've taken time out of your busy schedule to improve how you operate your business, ask yourself the following:

Why am I doing this?
What are my goals?
What are my targets?

Write the answers down and keep them somewhere where you can refer to them regularly. Better still, commit the answers to memory.

Once you've done this exercise, put it into practice straight away and track your new results. Never rest on your laurels - you should aim to improve with every iteration of your plan.

Wednesday, December 08, 2010

Network Marketing - 3 Simple Steps to Help Beginners Succeed

I've just had my first article approved on Ezine Articles - 3 Simple Steps to Help Beginners Succeed. More will follow. I have a firm belief that business building should be based on simple, but solid, foundations. Why not have a read and let me know what you think?

Saturday, November 06, 2010

Reasons for Business Failure - Part 1: Planning

So, why do businesses fail? Why are a third of businesses gone in the first two years, and why do half not survive the first five years? What goes wrong between the initial enthusiasm and the final desperation? How can we stop that happening to us? How is this relevant to network marketing in general, and Kleeneze in particular?

Let's take the main reasons first:

Poor Planning

I don't know about you, but if I hear "Failure to Plan is Planning to Fail" one more time, I'll hit something. Anybody attending a network marketing training session will be told that, as though it's a failsafe mantra. Anybody who works at a relatively experienced level in any business or industrial sector will have heard a version of it.

Yes, some people fail to plan, but most people who are serious about building a business do plan. They are told to provide business plans to banks, or to plan their workload, so they sit down, try to work out what they want to happen over a given time frame and write it all down.

The trouble starts with what happens next.

Some create plans that look good on paper but which are wildly optimistic and are based on everything in life, including the global economy, being absolutely perfect. 

Failure to plan for adverse situations is planning to fail.

Some assume that, once the plan has been created, that's it. By some mystical universal force, everybody and everything will telepathically understand what's required and align with the plan, without further input from the creator. 

Failing to work according to your plan is planning to fail.

Some write the plan, allow for real life to intervene and work the plan but they don't amend the plan to allow them to grow their business. They are stuck in a mindset that tells them that as long as they do the minimum level required, they'll be fine.

Failure to review your plan and reset targets upwards is planning to fail.

I've planned to fail in the past based on those three criteria and it's painful. It's also OK. Planning to fail is a learning exercise that all new entrepreneurs will go through in one form or another and it should not be used as either an excuse for failure or a reason for others not to try the same path.

So you're overoptimistic at times? You haven't accepted how much work is involved in building your own business? You think you're heading for the stars when really you're coasting in neutral? 

Get over it, get a new plan written and commit to it. Work it; review it at weekly, 4 weekly and 13 weekly (90 days, remember) intervals; change it and improve it as necessary. Then get back to working the plan. Repeat until it's a part of you.

Because where your future's concerned, it's not an attitude, it's a way of life.

Friday, November 05, 2010

The Get Rich Quick Mentality Sucks!

It came as no surprise to me to find that if you type the word Kleeneze into Google, the second suggested option in their drop-down list is Kleeneze scam.

Why?

Because, as my first business lecturer told us, a satisfied customer will tell a couple of people, a dissatisfied customer will tell a dozen. Upgrade that to the Internet version and it's closer to a satisfied customer will tell their social network, a dissastified customer will tell their social network and then go on to conduct flame wars on every forum and review site that dares to mention the product.

The amount of hatred and bile directed at Kleeneze, Avon etc. is truly disheartening; you'd think people were nicer than their internet personae indicate.

But note:

This bile isn't spewing from dissatisfied Kleeneze customers. The pyroclastic flow ready to engulf the wary new distributor erupts from ex-distributors, many of whom appear to have distinctly distorted views of how to run their own business. There are complaints about fees needing to be paid to use various services, shipping costs needing to be paid if orders are under a certain amount, admin charges being applied in some cases. All of which, it has to be said, are covered in the manuals you get in your starter pack as well as online on the distributor site. Do these people not read any small print?

Part of the reason for the "bitter ex-distributor syndrome" has to be due to poorly-trained apprentice distributors not winnowing out applicants who are either tyre-kickers, lazy or who really just want an employer prepared to pay them better than minimum wage for no real effort. Those applicants would not make it in their own business; heck, they couldn't cope with fixed-price leaflet delivery work either.

In my previous network marketing company, my sponsor was a lovely lady who should never have been recruited into the industry. She would spend a fortune to avoid going out and talking to others about her own business opportunity, and then complained when she wasn't getting value for money for the few leads that came her way. All she really wanted was a work-from-home job from a "real" employer, who paid her PAYE.

Kleeneze is a business first and foremost. A Kleeneze distributorship is also a business, first and foremost. Sure, it's an opportunity. But opportunities are not treasure troves waiting for the taking. First you mine the gold ore, then you refine it, then you wear it or sell it on. Treasure troves only exist in fairy tales.

Let's face reality. According to US statistics, 30% of small businesses fail in the first 2 years; by the 5th year only 50% have survived. According to UK reports at least 33% of startups fail within 2 years; one BBC report had it closer to 80% since the credit crunch hit.

The most common reasons for business failure include poor planning, lack of customers, poor market research, rising fixed costs (overheads, employee costs, fuel, etc.) and failure to obtain sufficient financing to grow the business.

The initial startup costs for a business should not be underestimated either. As well as whatever is required in the way of business setup costs (IT, tools, vehicles, office/workshop rental), a new startup owner needs to consider how they are going to cover their own basic costs (food, clothing, bills, personal expenditure etc.) until the business makes a profit. When I attended a business startup course, the advice was to pare down my personal outgoings to a bare minimum, and then calculate the costs for 3 years to see how much I needed in reserve before I started my own full-time enterprise. As a single parent with a mortgage and no other financial support, I needed a minimum of £60,000! Couples need to ensure that they can survive on one income for 3 years before both work in the business full-time.

Take a look at the available opportunities out there. Be sceptical, do your due diligence and do your own calculations regarding projected income and expenditure. Then make a decision. But don't whinge if you don't make that million in the first few years.

Saturday, July 31, 2010

90 Day Plan Preparation

A 90 day plan has to be one of the simplest concepts in running your business. It's also one of the hardest to get right.

At first sight, there's no problem. You decide you want to run your own business. You start investigating options. You choose your preferred route to success. You attend some pre-business start up training, followed by some business training. And that's when the trouble starts.


As part of that business training, you get told that there are several key factors to your future success:

  1. You need to be passionate. That's OK, I wouldn't be investing time and money in seed money and training if I wasn't passionate, you say.
  2. You need to be organised. Not a problem, you assure yourself. It won't take long to tidy up a corner of the dining room/bedroom/attic. I've got my stapler, I've got my binders, I have a phone - how difficult can this be?
  3. You need to have a plan. I've got a plan, you say, smiling to yourself. I'm going to do this business brilliantly, I'm going to make loads of money and I'm going to be a great success.

At that point, you've just joined Walter Mitty in WonderfulMe Land and killed off any chance of succeeding.

Let's face it, if achieving financial freedom was that easy, there would be no poverty in this world.

Success = commitment + focus + persistent action

You need all three parts to build a solid foundation. Focus gets you zeroed in on your target. Commitment binds you to a course of action that will enable you to achieve your goals. But without the persistent action, there will be no long-term achievement.

So, you need that plan, it needs to be simple, and you need to stick with it.

All too often, we come away from training meetings with our ears ringing with MLM mantra. The one I personally feel does the most damage is this classic:

Massive Action = Massive Results

Poorly applied (because nobody's thought to tell the poor noob how to do so), that mantra is responsible for more failed businesses than I care to think.

Let's break it down, shall we? Action = Results. We all know that. But who defines "Massive"? You? Your upline? Your family?

So the new distributor/representative/sacrificial lamb listens to the various speakers at the training meeting and decides they need to:
  1. Buy into the business at the highest level possible, regardless of personal cost.
  2. Buy huge amounts of lead generation material OR spend a fortune on leads.
  3. Scattergun leaflets around the neighbourhood, spam their friends and family and fill up the garage with unsold products.

This leap into action usually means that on day 1, they do whatever they've been advised to do - say, deliver 500 leaflets, phone 10 relatives/friends, place 5 adverts in various papers.

By day 7, they're down to putting out 200 leaflets per night, there's no relatives left who'll answer the phone and the 5 adverts were obviously a waste of time because nobody called.

By day 14, they're not putting out leaflets any more, their friends are avoiding them at social events and they are scared they'll never shift that stock.

By day 28, it's meeting time again and they get encouraged to stick at it for another 4 weeks.

I know of people who've spent more than £15,000 trying to build their business like this. They all gave up, or the money gave out. Either way, it means the dream died.

So why on earth am I giving this whole Network Marketing concept another go? I must be mad, right?  

Wrong.

Just because there's a wrong way of following instructions, doesn't mean that those instructions don't have meaning and value. Just because some uplines seem more concerned with their own profits than helping you build a solid foundation for your business, does not mean all sponsors are corrupt, money-grabbing villains.

Each of us bears responsibility for our own actions. That includes the responsibility for performing a sanity check on what you've just planned for your business, buoyed as you are by the adrenalin rush of attending a really good business training. Your upline is not responsible for your business. You are.

Network Marketing is a People Business. As such, you are an ambassador for both your retail business and your team building. If you waste huge amounts of money on poorly targeted lead generation, don't follow up, don't build rapport with your customers by regularly calling/delivering catalogues/providing product - then that is what your team will copy, regardless of how many passionate members of their upline try to coach them differently.

To succeed in this sort of business, we all need to listen, learn, apply. We need to set SMART goals, not dreams. We need to plan and then stick to that plan. And we need to have an underlying mission statement for our business growth.

My business growth mantra is:

To build a Kleeneze team that is completely self-financing from retail sales.

In other words, after my initial investment of £171 for 200 catalogues, my distributor kit and a large Kleeneze-badged catapuller, all business growth will be funded by my retail profits.

Any lead-generation activity will be financed on that basis. I will start off with low-cost or no-cost promotions and move forward from there. I'll let you all know how it goes.