Primerica business owners: It's time to learn what it REALLY takes to become a top earner Are you determined to climbing to the top of your comp. plan?
If you seek to become a top earner, you must go well beyond your circle of friends and family.
The single most important skill you could ever learn is marketing.
Read the rest of this article to learn several strategies top 2% earners are using to build large and lucrative businesses:
- Use Attraction Marketing
Virtually everyone in opportunities such as Primerica run out of people to talk to at some point. That's when they end up chasing people and they just seem to be desperate. Attraction Marketing solves the desperation and lead poverty challenges.
Attraction marketing entails creating and promoting content that educates network marketers how to improve their business results. This content positions you as an obvious expert and leader. This is a very effective way to sponsor people into Primerica.
A few principles govern Attraction Marketing:
- On the Internet, people are NOT looking for your business opportunity. Most people really want to find a leader who can show them the way.
- There's no shortage of people on the Internet trying to promote companies just like Primerica. There are very few true leaders out there.
- By nature people are drawn towards others than can help fix their problems.
- People don't want to be approached by people who simply want to promote things to them.
- When you focus on assisting others to solve their pressing business problems, your value in the marketplace goes way up.
- If you want to receive, you have to be a giver first. The quality and extent of your valuable free content will influence the degree to which you are considered a leader.
When you practice attraction marketing effectively, prospects will approach you to request to join Primerica. attraction marketers NEVER have to chase people down.
- Supplement Your Primerica Income
Rather than depend solely on your Primerica business for revenue, introduce multiple revenue streams. Depending your business solely on Primerica is risky. Your best people could quit your business. Your Primerica retention could decline. Primerica management team might change the comp. plan or add restrictions you don't like.
you lower your risk when you diversify your Primerica business income. You must keep focus on not let adding new lines of income distract from your Primerica venture.
There are three main ways to diversify your revenue:
Add affiliate offers to your marketing mix. Think of the courses, services and systems you use and your business. Pick the best ones to promote as an affiliate. Only promote the best products and services, not just the ones that pay high commissions. 20%-60% payouts are typical.
Another strategy is to take your content and make it into a product. Record your conference calls and webinars, then ell the recordings. Turn your free videos into a for-profit video course. Bundle your articles into an ebook.
One-on-one coaching is another revenue stream you can add to your business. Select a price for your coaching so it's worth your time.
- Capitalize On Revenue In the First 90 Days
People promoting opportunities like Primerica dedicate much too much time to creating income that won't pay off for years to come. And they focus too little on short term revenue. As a result they earn far less than they could.
In the long term, you need a very big downline to create a large residual check. But there's a miniscule number of people who ever create really large organizations.
Retention is terrible in network marketing. Nearly everyone in your downline will quit in the first year. Focusing almost all your efforts on creating a large downline is NOT the most profitable business model.
You can earn a lot more by increasing the money you make n the short term. Focus on the revenue you derive in the first three months of acquiring a new rep or a new customer.
There's two basic places you earn income in the short term:
Promote affiliate products such as training tools and systems. 95% of people are not going to join your Primerica business, and you should profit from selling to these people.
Promoting a high ticket product line is the second way to maximize your up-front income. A lot of opportunities like Primerica only pay out fifty to a hundred dollars for every person you enroll.
It's much more profitable to promote a high ticket opportunity that pays commissions of $1,000 or more per sign up. Add a high ticket opportunity to your business. The money you make in the short term can increase substantially.
If you seek to become a top earner, you must go well beyond your circle of friends and family.
The single most important skill you could ever learn is marketing.
Read the rest of this article to learn several strategies top 2% earners are using to build large and lucrative businesses:
- Use Attraction Marketing
Virtually everyone in opportunities such as Primerica run out of people to talk to at some point. That's when they end up chasing people and they just seem to be desperate. Attraction Marketing solves the desperation and lead poverty challenges.
Attraction marketing entails creating and promoting content that educates network marketers how to improve their business results. This content positions you as an obvious expert and leader. This is a very effective way to sponsor people into Primerica.
A few principles govern Attraction Marketing:
- On the Internet, people are NOT looking for your business opportunity. Most people really want to find a leader who can show them the way.
- There's no shortage of people on the Internet trying to promote companies just like Primerica. There are very few true leaders out there.
- By nature people are drawn towards others than can help fix their problems.
- People don't want to be approached by people who simply want to promote things to them.
- When you focus on assisting others to solve their pressing business problems, your value in the marketplace goes way up.
- If you want to receive, you have to be a giver first. The quality and extent of your valuable free content will influence the degree to which you are considered a leader.
When you practice attraction marketing effectively, prospects will approach you to request to join Primerica. attraction marketers NEVER have to chase people down.
- Supplement Your Primerica Income
Rather than depend solely on your Primerica business for revenue, introduce multiple revenue streams. Depending your business solely on Primerica is risky. Your best people could quit your business. Your Primerica retention could decline. Primerica management team might change the comp. plan or add restrictions you don't like.
you lower your risk when you diversify your Primerica business income. You must keep focus on not let adding new lines of income distract from your Primerica venture.
There are three main ways to diversify your revenue:
Add affiliate offers to your marketing mix. Think of the courses, services and systems you use and your business. Pick the best ones to promote as an affiliate. Only promote the best products and services, not just the ones that pay high commissions. 20%-60% payouts are typical.
Another strategy is to take your content and make it into a product. Record your conference calls and webinars, then ell the recordings. Turn your free videos into a for-profit video course. Bundle your articles into an ebook.
One-on-one coaching is another revenue stream you can add to your business. Select a price for your coaching so it's worth your time.
- Capitalize On Revenue In the First 90 Days
People promoting opportunities like Primerica dedicate much too much time to creating income that won't pay off for years to come. And they focus too little on short term revenue. As a result they earn far less than they could.
In the long term, you need a very big downline to create a large residual check. But there's a miniscule number of people who ever create really large organizations.
Retention is terrible in network marketing. Nearly everyone in your downline will quit in the first year. Focusing almost all your efforts on creating a large downline is NOT the most profitable business model.
You can earn a lot more by increasing the money you make n the short term. Focus on the revenue you derive in the first three months of acquiring a new rep or a new customer.
There's two basic places you earn income in the short term:
Promote affiliate products such as training tools and systems. 95% of people are not going to join your Primerica business, and you should profit from selling to these people.
Promoting a high ticket product line is the second way to maximize your up-front income. A lot of opportunities like Primerica only pay out fifty to a hundred dollars for every person you enroll.
It's much more profitable to promote a high ticket opportunity that pays commissions of $1,000 or more per sign up. Add a high ticket opportunity to your business. The money you make in the short term can increase substantially.
About the Author:
Ricardo Interpemian has coached thousands of people how to build businesses such as Primerica.
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