Mar 10
This nugget is called the Law of Ratios. The Law says that out of a set number of people you talk to about your business, a certain percentage of them will give you the time of day, and a smaller percentage will actually join your company/buy your product.
Now, I was fortunate when I first started, because the very first person I talked to about my business signed up, so my ratio was 1/1. After him, though, that percentage dropped drastically. Most people usually come to find that the general ratio, when talking to people face to face, is about 1/10, meaning that out of every 10 people you talk to, 1 will join. Now that you have a ratio to go off of, if your goal is to sponsor 5 individuals into your company per month, you must talk to at least 50 people every month to obtain your goal. Now, those ratios will improve over time, because you will get better at your presentation, but for now, you need to have a starting point.
The power of knowing your ratios comes into play, when you are trying to meet your monthly income goals. As a novice, it will also give you the edge you need to succeed. If you want to out preform a colleague, whose average is 8/10, then while he is out talking to 10 people, and signing up 8; you will be motivated to go speak to 90 people, giving you 9 sponsors.
When it comes to getting leads online, the calculations are much different. A lot of Industry Leaders will tell you that for every 100 people you get to your website (assuming you have a good site, and a good product/company), 10 might hang around to find out more, and 1 will end up joining you in your company. Now, at first glance, those numbers seem way too lofty to make your venture online worthwhile, but if you have a system that is providing you 50 leads per day, then you will get the needed 100 leads every two days to give you 1 sponsored distributor. If you sponsor 1 distributor into your business every two days, then you will have successfully sponsored 15 people into your business in a 30 day month! Now those are money making numbers! Think of the income you will make each month with 15 reps per month, not including any reps that your reps sponsor. I dont know about you, but in my company, if 16 people join your company in a calendar month, anywhere in your downline, your bonus money doubles! How would you like to double your income each month?! It is achievable when you understand and apply the law of ratios to your business!
The best part is, that your online ratios will increase over time as well. With a website and lead generation system working for you 24/7, just think about income you could have in a short period of time, when you apply this one law!
Are you ready to make some money?! Do you want to follow a proven leader with a unique company, and bright future? If your answer is yes, then I want to personally invite you to join my business! Click the MLM Training link below, and on my website, you will find a Work With Me Tab. Just follow the instructions, sign up, set up a time to talk with me, and lets get started!My name is Nate Roten and I am an online marketer, and I am here to help you grow your business. For access to this article and much more, go to [http://www.nateroten.com]http://www.nateroten.com. Article Source: [http://EzineArticles.com/?MLM-Training---The-Law-of-Ratios&id=3891920] MLM Training - The Law of Ratios
MLM Training - The Law of Ratios
When it comes to Network Marketing, whether it be online or offline, knowledge is your key to success. There is a immeasurable sea of information out there, and it indeed takes time to soak it all in, but there are some slices of wisdom that you need to understand from the start.This nugget is called the Law of Ratios. The Law says that out of a set number of people you talk to about your business, a certain percentage of them will give you the time of day, and a smaller percentage will actually join your company/buy your product.
Now, I was fortunate when I first started, because the very first person I talked to about my business signed up, so my ratio was 1/1. After him, though, that percentage dropped drastically. Most people usually come to find that the general ratio, when talking to people face to face, is about 1/10, meaning that out of every 10 people you talk to, 1 will join. Now that you have a ratio to go off of, if your goal is to sponsor 5 individuals into your company per month, you must talk to at least 50 people every month to obtain your goal. Now, those ratios will improve over time, because you will get better at your presentation, but for now, you need to have a starting point.
The power of knowing your ratios comes into play, when you are trying to meet your monthly income goals. As a novice, it will also give you the edge you need to succeed. If you want to out preform a colleague, whose average is 8/10, then while he is out talking to 10 people, and signing up 8; you will be motivated to go speak to 90 people, giving you 9 sponsors.
When it comes to getting leads online, the calculations are much different. A lot of Industry Leaders will tell you that for every 100 people you get to your website (assuming you have a good site, and a good product/company), 10 might hang around to find out more, and 1 will end up joining you in your company. Now, at first glance, those numbers seem way too lofty to make your venture online worthwhile, but if you have a system that is providing you 50 leads per day, then you will get the needed 100 leads every two days to give you 1 sponsored distributor. If you sponsor 1 distributor into your business every two days, then you will have successfully sponsored 15 people into your business in a 30 day month! Now those are money making numbers! Think of the income you will make each month with 15 reps per month, not including any reps that your reps sponsor. I dont know about you, but in my company, if 16 people join your company in a calendar month, anywhere in your downline, your bonus money doubles! How would you like to double your income each month?! It is achievable when you understand and apply the law of ratios to your business!
The best part is, that your online ratios will increase over time as well. With a website and lead generation system working for you 24/7, just think about income you could have in a short period of time, when you apply this one law!
Are you ready to make some money?! Do you want to follow a proven leader with a unique company, and bright future? If your answer is yes, then I want to personally invite you to join my business! Click the MLM Training link below, and on my website, you will find a Work With Me Tab. Just follow the instructions, sign up, set up a time to talk with me, and lets get started!My name is Nate Roten and I am an online marketer, and I am here to help you grow your business. For access to this article and much more, go to [http://www.nateroten.com]http://www.nateroten.com. Article Source: [http://EzineArticles.com/?MLM-Training---The-Law-of-Ratios&id=3891920] MLM Training - The Law of Ratios
