Friday, July 18, 2008

List Building - Pillar 6 (part 1)

Which Marketing Method Works Best, Plan 'A' Or Plan 'B'?

All of The 5 Pillars for Success must be in place before you commit to joining any network marketing company. Once you have that established the next step toward building your network marketing career you must learn about The 6th Pillar for Success.

But first, let's look at some of the myths about network marketing.

Myth 1: It's about re-inventing the wheel and hoping others will come along wanting it."
Myth 2: "You have to sell to anyone with a pulse."

These are examples of “Plan B Marketing” (not network marketing). This method only works in the corporate world (direct sales). Network marketing and direct sales are two very different things. that is why "Plan B Marketing” fails in MLM big time.

So then what does work in network marketing?

The answer is "Plan A Marketing". What's that? Before I answer that question let's define what "network marketing" is by looking at each word on it's own.

Network: building of a customer base, building of business associates, & building of relationships.

This means network marketers deal with prospects, customers, & business associates.

Market: a. research intent upon determining the wants, needs, or desires of a specific group, b. providing a product or service that serves the wants, needs, or desires of a specific group.

So then marketing is about giving a starving, targeted market what they want.

Here’s a simple example of a "target market":

A stadium concessionaire's clientele is a target market. He doesn't need to "close" anyone or even have fancy, high quality products. All he needs to do is get what those ravenous sports fans want to eat and drink right next to their seats so they don't have to miss any of the game.

So the two marketing methods are:

==> “Plan A”: Find a ‘target market’ and satisfy their appetite for what they want. This method has a huge success rate.

==> “Plan B”: Re-invent the wheel by finding or creating a product, followed by creating a company, and then hoping someone comes along to sell to. If you choose this one you'd better pack a lunch as it has the highest failure rate.

If you're an entrepreneur with a goal of creating extra income, then you need a clear understanding of what network marketing really is. Playing to that strength by using "Plan A" will put your business light years ahead of everyone using "Plan B". You become the expert, the go-to person others want to find and do business with.

I appreciate you,

Bill Tessore

2 comments:

Gary McElwain said...

Hey Bill

I dont really have a lot of time to try and invent some new spinning widget 3000 marketing plan.

So I'll stick with plan A
Thanks for the insight.

Gary McElwain

Bill Tessore said...

Hi Gary,

Good idea. After all, even if you did manage to do all that, by the time you got done people would likely be screaming for the new spinning widget 4000
marketing plan.

It's just too much for one person to do.

I appreciate you,

Bill Tessore