When a group of like minded business-people work together to pool their knowledge and intuit, they reveal and contemplate new possible business opportunities or strategies in which great gains can be expected from all. The synergy of knowledge from business networking linking multiple fields of expertise reveals solutions that may not be readily apparent to someone trained in the single field.
Use your upline to learn from. They have been exactly where you are and they are there to help you just like you will help your downstream. Use them to learn tips for network marketing in general and for specific tips on your product line. You can then pass that knowledge on down the line.
When prospecting, stop focusing on making the sale and focus on whether there is even a sale to be made. If you focus on making the sale, you will end up wasting your time on prospects that will never turn. Learn to listen to those cues that let you know you are barking up the wrong tree, so you can move on to more likely prospects.
Once you have been involved in network marketing for some time, you will notice that an increasing amount of time will start going to answering questions from prospects and your producers in the network. A simple solution to this is to take the most common questions asked and create a webpage FAQ that is accessible to everyone. Spending time compiling a FAQ page early on will drastically cut down on the time you will later spend answering questions.
Many people approach network marketing with the misconception that there is a minimal amount of investment involved. While this can be true and you can be successful with only the minimum required investment, in order to truly be successful, you have to reinvest significant parts of your income. For example, you will have to invest in maintaining relationships with network leaders and mentors through social functions like dinners. It is also important to continue learning and keeping up to date with the newest strategies by attending paid events and seminars. You must be prepared and willing to reinvest.
Some people will refuse your product as you’re pitching it to them and some of them can be outright rude. It is important that you keep your composure at all times. Never sink to their level and be rude with them. If they refuse you with attitude, politely concede your pitch, and move on to another possible customer.
Do not try to overwhelm people with information when meeting them. You should be just starting a conversation and giving them nuggets of info about the product. If they seem interested and request to learn more, then go ahead with additional information. Overwhelming someone is a quick way to get a “thanks, but no thanks.”
The gathering together of multiple fields in business networking provides an environment for new and unconventional ideas to emerge. Additional people devoted to a task will allow its quicker completion. People from multiple fields can approach the same problem and come to an innovative solution more easily than someone trained in a single field.