MLM Network Marketing- Knowing Your Numbers Leads To Success In MLM Network Marketing
Monday, May 3, 2010 at 09:01PM Hi,
There are numbers that you must know to help you be successful in network marketing. Many people just get caught up in the hype and never stop to take a look at the numbers that are required for you to be success in any mlm network marketing business. Here are a few numbers to think about.
1) CTR numbers of your affiliate website. CTR is the click through rate of your capture page or your company affiliate website. Some people claim that they get a 20% CTR; that means for every 100 targeted visitors to your website 20 people will click-thru to take a peek at your mlm deal or affiliate product. If 10 % would signup for your program, that would give you 2 signups. It has been estimated that to make a full time income online, you need at least 20-50 signups daily.
2) Only 1 out of 9 people that you signup in your MLM Nework marketing business will actually work the business. The retention rate in a multi-level marketing business in brutal. 3 out of 9 people will ever work the business while only one will stick it out. You really have to have an mlm team working together for the benefit of all or be a "mlm recruiting machine". People are quitting after 3 or 4 weeks and your downline dies if you ever stop. Filling a matrix by yourself is impossible.
3}The average mlm network marketer can only sponsor 1.7-2 people. Now all those mlm programs that tell you that if you get 3, it's free... or just 5 referrals you get paid might as well be 100 referrals. If you paid $50 to join the mlm opportunity and it takes 3 to qualify for matrix bonus, you are just left with a "fast start bonus" to try and break even with the $50 you've already put out. If the fast start bonus was 20% which paid you $10, you need 5 to break even but the most people you can sponsor is 2. That's $20 which leaves you $30 in the hole.
Now, i know your mlm deal is the best on the planet but if you want to really have a chance at making money in a mlm,feel free to check out a PayItForward, profit sharing marketing system where everyone wins and no one is left behind, viisit www.simplemlmsuccess.com
James B Byrd