Great Benefits Young Living Distributors Get When Joining Forces
Joining forces with other network marketers can really boost your bottom line revenue and help you each grow your own network marketing businesses. I’ll show you here below.
Instead of being worried about someone “stealing” your downline away, you should be supporting and helping other network marketers build their business.
Things you can do to promote the beauty of network marketing for others include:
Purchasing from other network marketers – if you don’t join their opportunity, at least become a customer of theirs.
I have a friend who is a distributor of Discovery Toys. I personally have no interest in marketing or selling toys, but I definitely purchase from her on a regular basis to support her business, and because I believe that there is no such thing as lack in the world.
But let me show you how you each can benefit from cross-promoting each other’s products to your downline and your retail customer base!
If a Young Living Distributor hooks up with say… a Discovery Toys Distributor, and you each have a downline of say 50-60 people (not big, you guys are both getting started), how would you like to double the number of people you market to? Its simple, by offering to do a cross-promotion of your products to each other’s downline in a Joint Venture.
What Is A Joint Venture?
A joint venture is an agreement in which two or more marketers work on a joint project for mutual benefit.
Joint ventures can be long-term, like promoting a product together. Some can be short-term, like bartering (trading) products or offering to cross-promote each other’s products or services. Joint venture ideas are virtually endless.
The Benefits Of Joint Venture Marketing
- You can build long lasting business relationships with other network marketers. When they tire of their business opportunity, chances are they’ll think of you and your business first.
- You can increase your confidence and credibility by teaming up with other network marketers.
- You might get access to free products and services.
- You can construct most joint venture deals with little or no money.
- You can gain new leads and customers (often times double!)
- You might get discounts on products and services.
- You can gain referrals from other network marketers in their downline or across their customer base and you do the same for them.
- You can save valuable time in growing your downline.
- You can get free and low cost advertising by doing this multiple times.
- You can offer your customers new products and services beyond the scope of your own business by making a trusted recommendation of another network marketer’s products or services.
- You can save money by sharing advertising and marketing costs together.
- You can expand and grow your business quickly.
- You can gain valuable information or skills.
- You can increase and protect your cash flow.
- You can find new profit outlets.
- You can become rich and wealthy.
- You can start almost any business at little or no costs.
- You can get rid of your extra inventory.
- You can increase your opt-in or ezine subscribers for free.
- You might find hidden income streams.
- You can find and create new distribution channels for your products.
- You can eliminate employee hiring costs creating barter outsourcing deals.
- You can build your customer or opt-in list for free.
- You can build profitable alliances with other network marketers.
- You can learn insider information from other experts at no cost.
- You can out-sell other network marketers much easier.
- You can increase the number of network marketers that sign up to your program.
- You can get highly credible endorsements and testimonials from other network marketers when they promote your product to their downline or contact list.
- You can easily find new up sell and backend products to sell.
These are just a few of the ways you can grow your business quickly and easily. People can be distributors in multiple network marketing opportunities, developing a passive business in one organization, while actively building in another,
You want to be sure that the Joint Venture partner you choose however, is very reputable, will do business with you honorably and will cross-promote your products reliably. I recommend offering a kickback for anyone of her customers that may sign up under you as a thank you for her effort, and of course, vice versa.
Additionally, make certain your products are a good match for your partner’s customer list. If you are cross-promoting across retail channels for instance, you want to make certain you aren’t necessarily cross promoting essential oils to a list that buys legal services, for example.
Most people won’t feel comfortable cross-promoting to their active distributors for fear they’ll jump ship. However, by asking her to cross-promote only your retail products, but not necessarily the business opportunity often puts her at ease and enables a more trustworthy relationship to be established. People who buy from network marketers once are more apt to purchase from network marketers again, and in this manner you are earning her credibility (provided she’s been a credible business person to her list) to recommend your products.
Don’t let fear of someone “stealing” a customer away stop you from engaging in strategic and mutually beneficial cross-promotions. If you carefully select a great partner and you each honor the other with a carefully constructed cross-promotion with kick-backs and gifts to the other, you both will end up with a significantly larger customer base from which to grow!
To Your Success in Partnering with Others In Love and Prosperity!
Isis J. Truong