How to Become a Leader in Network Marketing: Retention Strategy and Keep People from Quitting
Recruitment and Retention strategy for Network Marketing
Most people neglect the relationship side to recruitment and retention. Adding this key factor can be a great retention strategy. When new people join your team do you find out about them and their family? What about their hobbies, interests, goals? One way how to become a leader in network marketing is by establishing relationships with new team members, and that doesn’t just mean personal recruits. People don’t care how much you know until they know how much you care. If you neglect the relationship side with your team they will have a far lower chance to listen to you when you do try and coach them. When dealing with recruitment and retention it will be much harder for people to leave, or to have people join you in the first place when you build a solid relationship first. People do business with and keep doing business with people they know like and trust, keep that in the back of your head when team building. Another way how to be a leader in network marketing is by teaching your team to become low maintenance. Let them know you are there to help and call you if they need anything or have questions. This is also a great retention strategy because new team members will know you have their back and are willing to help them and that you are open to taking their calls.
I would realistically look at building a successful network marketing business as a 3-5 year project to build a successful 10k a month income. Sure, some will get there faster, but the majority of people will take at least 3 years to be able to make that happen. This means you will need to do “COLD MARKET RECRUITING” in addition to Warm Market Recruiting, AND you will need a high volume lead generating system or you won’t make it very far. Network Marketing is a numbers game, and without the Numbers and Leads you have no business. If you don’t already have a High Volume Lead Generating System for Your Business….
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