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2009 September

  • The Home Business Success Academy
    • 2009
      • September
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  • September 1, 2009

    How You Should Prospect

    Author
    admin

    One of the most common questions we get is:

    “How do I find more people to talk to?”

    And having people to talk to is all about prospecting.

    You see, prospecting is the fuel that feeds a business. Turn off the prospecting, and you kill the lifeblood of your business.  Prospecting is what keeps your cash-flow steady and consistent, and it’s an absolute MUST if you hope to build a strong, stable business.

    But how do you prospect?

    What are you looking for when you prospect?

    And what the heck is a “Prospecting system”?

    Good questions.

    A prospecting system is simply the components of your prospecting campaign.  It can be broken down into three individual parts:


    1.  How do you find people?

    2.  Once you find them, how do you qualify them?

    3.  Once they are qualified, how do you present your product

    and opportunity to them?


    One of the most important keys you can understand is step # 2 – qualifying your prospect.


    A lot of people in network marketing think they have to beg and convince everyone that their product is fantastic, that they opportunity is amazing, and that they need to “sell” people on what it can do for them.


    NOTHING could be further from the truth.

    And here’s a hint –

    If anyone suggests that you need to beg, convince, or cajole your prospects, you would do yourself and your business a tremendous favor by simply…

    RUNNING AWAY!

    Because they obviously don’t know anything aboutgood recruiting and great prospecting.

    Great, effective prospecting starts with leadingwith the benefits of your product FIRST, your opportunity SECOND.

    This might seem very different than what you’ve been “taught”, but the reason that I do this (and that many other successful leaders do this) are many.


    The biggest reasons are:


    1.  CREDIBILITY
    You can’t separate yourself in the marketplace based on greed.  Everyone in the home business industry has an opportunity, and in this day and age of hype and greed, the average high-school graduate has been hit over the head with so many “make zillions today!”opportunities that it all starts to sound the same.

    The problem is, because of all the hype, you start to blend in when you lead with your opportunity.  In order to sound halfway credible, you need to lead with the benefits of your product or service FIRST, opportunity SECOND.


    2.  RETENTION
    Retention rates go through the roof when you lead with your product or service.  This is really critical for residual income (which is what network marketing is all about).  Residual income means you get paid tomorrow on the work you do today.

    So if you are building a residual income business, and you sign up a new distributor based on them making tons and tons of money in a residual income program, what is going to happen in 45 days when they aren’t making a zillion bucks?

    Chances, they’re not going to keep using the product, because it was never about the product in the first place.  The only reason they got involved was to make money.  If they don’t make a lot of money quick, they will quit and move on to the next “big thing”.

    If you are serious about building a solid foundation and a strong, long-lasting organization, you have to have business builders and product users that will use your product for the long term.  And that means, they have to be using the product for more than just a way of getting a paycheck.

    3.  INTEGRITY

    Look, there’s a lot of “noise” in the home business arena.  There’s some great people and great businesses, but there also some lousy businesses with some people that have “questionable” ethics.

    If you are just starting out in your business, and you are trying to recruit a prospect based on your opportunity, what is the first question they will ask you?

    I can guarantee it will be “So, how much money are YOU making?”

    And if you’re just starting out, it won’t be much.

    Ouch.

    Instantly, you lose credibility, and (right or wrong) your prospect will question your integrity.

    This is NOT what we want to happen.  But no matter how new or old you are in promoting your business, you can absolutely endorse a product experience, and you can certainly learn how to become knowledgeable of that product in just a few days.

    That’s powerful.  AND credible.

    So if you are leading with your product or service, who are you looking for?

    When you prospect, you are looking for 2 key things to determine if they would be a good fit for your program:

    1.  Pain

    Your prospect needs to already be aware of a need for something else.  For example, if you are marketing a health and wellness product, you need to target people who already care about their health, and are willing to spend money on that interest.  If you are marketing telecom, you want to prospect people who already want a way to get their telecom service for free (or even get paid to use their phone).

    In other words, there needs to be a pre-disposition tousing your type of product or service.  Otherwise, you’re just spending your time convincing, when really, you should be sorting and qualifying.

    2.  Desire

    Your prospect needs to already have the desire to fix their pain.

    I’ve met some people in my life (and I’m sure you have too) that actually seem to like being miserable.

    It’s not that they don’t know what to do…

    It’s that they just won’t do it!

    Well, if someone has that attitude, they are NOT  your prospect.  You want to prospect problem solvers, people that see the need for what you have, and already have the desire to take action.  Thing is, if your prospect has pain, and they have the desire to fix that pain, then all you need to do is show them how to get that done.

    So…

    If you have a business, then go find some people to help!

    We live in a world that is chock-full of pain.  If your product has benefits (and it almost certainly does) then go find the people that are in need of those benefits, and help them out.

    Ease their pain.

    Help the world be a better place.

    And make some money at the same time.

    That’s a win/win situation, right?  That’s all for now.

    Talk soon,
    – Josh

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  • HBSA Stand-Down

    Author
    admin

    Twice a year, HBSA staff takes a break to clear the air of projects, re-focus priorities, and plan for the next big push.  We will resume all live classes and normal support starting the week of September 14th.

    If you have any questions inthe mean-time, shoot us a quick email and we’ll get back to you as soon as we can.

    Cheers to you.

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