How to Grow Your Network Marketing Business

At Trading-Secrets, one of the questions we hear most often from our industry is, “How can I grow my network marketing business?” Since network marketing businesses have virtually no ceiling for long-term success, it makes sense to want to know exactly how to grow your business. 

While there’s no one-size-fits-all strategy to growing your home-based business or MLM, there are tips and tricks that we’ve found to be almost universally applicable. Take a look at our three recommendations below to learn more about your opportunities for growth and expansion. We believe in you! 

Sell to Family and Friends
 

First, the obvious answer: If you haven’t fully explored the warm market that you already have at your disposal, this should be your first priority. Reach out to your network and make sure they know the products or services you have to offer and why they’re so great. 

It’s common to feel some fear or anxiety around putting your business out there with your peer group, but don’t let that stop you from succeeding! The worst they can say is no, and then you’ll be one step closer to finding your next customer. 

Explore Online Vendor Shows

Online vendor shows are a one-of-a-kind initiative we’ve launched here at Trading-Secrets, and if we do say so ourselves, we’re revolutionizing what it means to be a home-based business owner. 

One problem we often see in our industry is that there’s no easy place to turn after you’ve fully exhausted your own warm market. Once you’ve already pursued all the leads within your network, finding new people to pitch to is a whole new challenge.

Our online vendor shows solve this challenge by bringing multiple home-based businesses and MLMs together for a week-long virtual event. Each business owner brings in their own warm market (typically 25+ people each!) for the full group to meet and sell to. 

Your fellow business owners’ warm markets will be your cold market, and all of a sudden, you’ll have hundreds of new prospective customers ready to hear what you offer. We love how simple it makes the outreach process because you don’t have to go out on your own and find strangers to sell to. We’re leveraging the power of community, and it’s truly transformational for our event attendees. 

If you’d like to try one of our vendor shows for yourself, check out upcoming events here! 

Prioritize Training and Personal Development

Our third tip is to make sure you’re investing in your own training and personal development. When your business starts to take off, it’s tempting to assume you know what you’re doing and have nothing left to learn, but the reality is that this industry is constantly changing. 

The best practices you’ve picked up will evolve over time, and as new platforms and tools become available, it’ll be in your best interest to explore your options and learn what else is out there.

If you’ve never explored coursework or training to stay on top of the latest trends and selling techniques, we definitely recommend our VIP membership. It unlocks access to a variety of training modules tailored to the home-based business industry, giving you support in areas like overcoming procrastination, leveraging the latest social media opportunities, and more. Check it out and sign up here! 

Final Thoughts

As you well know, your network marketing business is a powerful avenue to unlock life-long success and financial stability. We truly hope you put these tips to the test to help you get there. We can’t wait to see what you accomplish!