Legal Shield distributors: Are you committed to creating a gigantic business? If that's the case, dig into this article now.
If you want to become a top earner, it's vital you get way beyond merely talking to colleagues, associates, family and friends about your business..
You've got to learn to acquire customers and business partners the way nearly all legitimate businesses do: through marketing!
I've been groomed by 6 and 7-figure income earners who taught me the following strategies we quietly use to build large businesses:
- Diversify Your Income Streams
Add other revenue sources to your Legal Shield business. It's risky to rely exclusively on a single revenue source in your business. Your downline leaders could quit. The duplication rate in your Legal Shield downline might decline. The management team at Legal Shield might make changes you don't like.
Adding diversity to your revenue lowers risk. Add new revenue sources but do not get distracted from your core Legal Shield business.
Select one or more of the following ways to add new revenue lines:
First, sell affiliate products. Sign up as an affiliate to promote the services, courses, and system you use in your business. Only promote the best products and services, not just the ones that pay high commissions. Generally you get paid commissions of twenty to sixty percent.
It's also possible to convert your own content into paid products. Record your conference calls and webinars, then ell the recordings. Gather a set of your videos and sell them as a course. Make an ebook out of your written blog posts.
Third, you can provide one-on-one coaching to your students that are the most serious. As your expertise grows, you can raise your coaching prices and be more selective about whom you coach.
- Invest Your Time Skillfully
As a Legal Shield business owner, your most valuable asset is time. An employee is going to get his paycheck regardless whether he is productive.
Entrepreneurs earn income to the degree they productively invest time, energy and resources to create results. It's important to use your time productively if you want to succeed in Legal Shield.
Schedule your days. Define when your Legal Shield business activities are going to get done. Decide in advance what you are going to do during that time.
Concentrate on tasks that will generate money. Closing, creating marketing pieces and generating leads are critical. Prevent getting interrupted or distracted. When you work, turn off your phone and close your door.
Schedule your important tasks for the beginning of each work period. When you work on your Legal Shield business, begin with the tasks that bring in the most money. Define your hourly rate. Divide your target weekly earnings by the number of hours you want to work your business. This is the rate per hour you expect to earn as a business owner.
It's probably $100 an hour or more. Is it possible to hire someone to do laundry and other simple tasks for less than this rate? If the answer is yes, then why not hire someone to do these tasks? Hire people to perform low level chores.
- Market Effectively
Like any established business, you must market to generate sales. It's amazing how little network marketers in companies like Legal Shield are taught about real marketing.
DVDs that pitch your company, replicated websites and webinars are not a comprehensive marketing strategy. Running around with a bunch of silly brochures will NOT build you a large business. Real marketing has several ingredients:
Identify Your Target Market: Who is the ideal prospect for your Legal Shield business? People with business experience? People who are in dire need of money? I recommend you target other network marketers who are looking for a better way to build their business. Network marketers won't waste your time with stupid questions about whether this is a scam, a pyramid, etc. More importantly, network marketers have demonstrated they are willing to actually invest in a business, not just ask about it.
Position Yourself Properly: There's a ton of people who promote Legal Shield just like you do. What do you have to offer that's different from everyone else? Clarify your unique selling proposition. (U.S.P.)
Promotion: What's your strategy to attract leads after you run out of people you know to introduce to Legal Shield? Use a proven online marketing system that teaches strategies to generate leads online.
Following Up: Once you generate a lead, how will you follow up? To follow up, call your leads, and add them to an automated email follow up system.
If you want to become a top earner, it's vital you get way beyond merely talking to colleagues, associates, family and friends about your business..
You've got to learn to acquire customers and business partners the way nearly all legitimate businesses do: through marketing!
I've been groomed by 6 and 7-figure income earners who taught me the following strategies we quietly use to build large businesses:
- Diversify Your Income Streams
Add other revenue sources to your Legal Shield business. It's risky to rely exclusively on a single revenue source in your business. Your downline leaders could quit. The duplication rate in your Legal Shield downline might decline. The management team at Legal Shield might make changes you don't like.
Adding diversity to your revenue lowers risk. Add new revenue sources but do not get distracted from your core Legal Shield business.
Select one or more of the following ways to add new revenue lines:
First, sell affiliate products. Sign up as an affiliate to promote the services, courses, and system you use in your business. Only promote the best products and services, not just the ones that pay high commissions. Generally you get paid commissions of twenty to sixty percent.
It's also possible to convert your own content into paid products. Record your conference calls and webinars, then ell the recordings. Gather a set of your videos and sell them as a course. Make an ebook out of your written blog posts.
Third, you can provide one-on-one coaching to your students that are the most serious. As your expertise grows, you can raise your coaching prices and be more selective about whom you coach.
- Invest Your Time Skillfully
As a Legal Shield business owner, your most valuable asset is time. An employee is going to get his paycheck regardless whether he is productive.
Entrepreneurs earn income to the degree they productively invest time, energy and resources to create results. It's important to use your time productively if you want to succeed in Legal Shield.
Schedule your days. Define when your Legal Shield business activities are going to get done. Decide in advance what you are going to do during that time.
Concentrate on tasks that will generate money. Closing, creating marketing pieces and generating leads are critical. Prevent getting interrupted or distracted. When you work, turn off your phone and close your door.
Schedule your important tasks for the beginning of each work period. When you work on your Legal Shield business, begin with the tasks that bring in the most money. Define your hourly rate. Divide your target weekly earnings by the number of hours you want to work your business. This is the rate per hour you expect to earn as a business owner.
It's probably $100 an hour or more. Is it possible to hire someone to do laundry and other simple tasks for less than this rate? If the answer is yes, then why not hire someone to do these tasks? Hire people to perform low level chores.
- Market Effectively
Like any established business, you must market to generate sales. It's amazing how little network marketers in companies like Legal Shield are taught about real marketing.
DVDs that pitch your company, replicated websites and webinars are not a comprehensive marketing strategy. Running around with a bunch of silly brochures will NOT build you a large business. Real marketing has several ingredients:
Identify Your Target Market: Who is the ideal prospect for your Legal Shield business? People with business experience? People who are in dire need of money? I recommend you target other network marketers who are looking for a better way to build their business. Network marketers won't waste your time with stupid questions about whether this is a scam, a pyramid, etc. More importantly, network marketers have demonstrated they are willing to actually invest in a business, not just ask about it.
Position Yourself Properly: There's a ton of people who promote Legal Shield just like you do. What do you have to offer that's different from everyone else? Clarify your unique selling proposition. (U.S.P.)
Promotion: What's your strategy to attract leads after you run out of people you know to introduce to Legal Shield? Use a proven online marketing system that teaches strategies to generate leads online.
Following Up: Once you generate a lead, how will you follow up? To follow up, call your leads, and add them to an automated email follow up system.
About the Author:
Ricardo Interpemian has coached thousands of people how to build businesses such as Legal Shield.
