The Sales Cycle and Network Marketing

The sales cycle is a lot different with network marketing. 

What you are looking for are people who want to get involved in your business and/or use your product. This is the process of how someone becomes an associate, customer, or both.

Let’s look at the steps someone needs to go through in order to become one of your customers or associates:

First step of the sales cycle: Attraction

Attraction is the first step in the sales cycle. It's your first impression, your first contact with someone, your first meeting and introduction.

When you are meeting someone new it’s important to clearly define what attraction means to you. What do they need to see or hear before they feel attracted? It could be anything from “the product is amazing” to “you look great today!” Whatever it is for you - get clear on that so that when someone does give this signal, you are ready for them! Hint: In our Online Vendor Show's creating engaging posts that are easy for our guests to interact with is a great way to start the attraction process. Easy games such as counting games, this or that, and asking questions are all great post idea's to get many comments.

<Read More About Engaging Content and Algorithms Here>

Second step of the sales cycle: Gaining trust

You have to earn the trust of your potential customers. This is a fundamental part of any business, but it's especially true with network marketing.

 Why?

Because you're selling a product that they haven't yet tried or seen. They don't know if they'll like it or not, so they need to be convinced by someone who has already used the product and had success with it.

In other words: You have to build trust before you can sell anything!

How do you do this? 

By building relationships with your prospects. The more time you spend engaging in meaningful conversations about their problems, needs and goals for the future—and how your company can help them achieve those goals—the more likely they will be to buy from you when the time comes (which should also give them plenty of incentive).

You can build relationships on social media platforms like Facebook groups where members ask questions about products or services relevant to your niche industry; by creating content on blogs or articles on websites like trading-secrets.ca where readers can get helpful tips related to topics related specifically towards whatever solution/product/service that's being offered; or even through meeting them face-to-face at networking events like conferences hosted by other companies within similar industries such as yours own business itself would provide opportunities for interactions between two parties interested in finding ways for each other's mutual benefit--such as forming partnerships perhaps between businesses owned independently from one another (e., both parties agreeing beforehand that each party's respective company would mutually benefit from working together).

You can also leverage Trading-Secrets Online Vendor Shows where you gain access to many new people to network with, within a structured online vendor show. Building trust within our events is HUGE. By networking and asking your new potential to join your online VIP groups you will be able to bring that person closer to your warm market and you will start to build the trust. Quick sales do happen but we would recommend a long-term connection over a quick sale any day!

Third step of the sales cycle: Making a connection

The third step of the sales cycle is making a connection with the person. This can be done in many ways. You can share information about yourself, ask them about themselves and their interests, or simply ask them about their family or work. This part of the sales cycle is all about getting to know your prospect on a personal level so that you can better understand how to help them solve their problem. 

Within our events having more than three-word sentences for replies to posts is great. Ask questions on your post to boost then engagement then private message that person thanking them for commenting! This opens the door to open up to further conversation to build a stronger connection.

Fourth step of the sales cycle: Building community

A community is just a group of people with shared interests and beliefs.

 In the world of network marketing, this is especially true because you're creating a brand and selling to other people who are interested in your products.

Your job as a network marketer isn't just to sell your product—it's also to build relationships with potential customers that can last for years. 

The most important part of building relationships is trust, which comes from showing others that you genuinely care about them. To build trust, it's essential that you do two things: give value first (in other words, share helpful content), then ask questions so that you can understand their needs better (and hopefully help them solve their problems). This is where your VIP groups come in handy! We recommend posting a few times a day and using engaging posts not only about your products but about your life as well! 

Trading-Secrets VIP Membership is a great place to start if your looking for engaging content. We offer Social Media Posts & Images! They are fill in the blank and can be used for any industry. This is a great place to grab ideas for your very own community!

<Learn More About Our VIP Membership Here>

Fifth step of the sales cycle: Referring and endorsing

Referring and endorsing are the two final steps that you can take to make sales in network marketing. This can be done by asking friend, potential client, or any other person you know who wants to help you out, if they know of anyone else that might want to join your business opportunity, or benefit from your products. You can also ask them if they would be willing to introduce people from their own personal networks with yours.

Remember:

• Referrals are one of the best way to make sales

• Referrals are the best way for someone else's personal network and business opportunity grow

Something to keep in mind is within our Trading-Secrets community you can earn yourself free Online Vendor Shows with Event Specialist of your choice just by purchasing events and by referring your very own friends! It only takes referring six friends to earn a free Online Vendor Show!

It's important to build long-term relationships with clients.

It's important to build long-term relationships with clients. This is a long-term process, and you need to be able to build trust, create a relationship, and help people become part of your community. You'll need referrals, endorsements (if you're selling products), or both if the business is online. By collecting reviews on your Trading-Secrets profile you can help close client's faster! When they can read reviews from real people it speeds the trust process up.

<Set Up Your Trading-Secrets Profile Here>

Takeaway

Learning how this process works will be key for you as you build your network marketing business. The faster you can teach others how to replicate this process, the faster you will grow your business and start seeing results!