Starting a Young Living Business the Right Way
Obinna asked: How does one get started in a Young Living Network Marketing Business the Right Way?
Isis: If you are thinking of starting a network marketing business, especially in something like Young Living, you will need a business plan. This is just like any other type of business if you hope to be successful. It takes a lot more effort than the pied piper dream of an easy, three part strategy of starting in network marketing, sharing it with 5-6 people, get rich, retire early and lazy. While that may happen one in 100,000 times, you will have to be extremely lucky to see it happen to you.
To begin to create a marketing strategy, you will need to decide on the type of approach you hope to market as well as the target market (also known as a niche market) you hope to attract. Knowing Young Living’s product line is a great first step in establishing yourself as a knowledgeable expert on your way to success.
Write out your plan (we teach a strategy around aligning your business plan with your dreams at Start-up to Success) and what level in the company you want to find yourself in one year and in five years, as well as how you plan to reach those goals. Since your sales and marketing efforts involve direct sales and networking with others you will need to learn how to best leverage yourself as a leader in the market. You will also want to draft up your ideal perfect business builder, your ideal customer, and your ideal preferred customer. These are the people who will help you achieve success.
Plan to grow your business slowly and avoid the allure of quick profits and fast growth. Chances are they will not materialize and you’ll be stuck spinning a lot of wheels. Growing carefully, strategically and slowly also reduces the chance of failure. As your Young Living Business grows, mark off the goals you set as you reach them and when you see yourself growing faster than planned, adjust your goals to a level that will have you reaching higher than you initially thought was possible.
Get involved a great lead generation program or better yet, learn how to create your own sales funnel and business opportunity funnel to set yourself apart from the crowd. You want to make certain you also have a great training program in place, like the training programs here at EOSU. By telling your downline to enroll and sharing EOSU with your affiliate link, you will help ensure your downline’s success as well as increasing your future income from their efforts as well as your own. This helps you further your plan to recruit others into your Young Living business. When they have been well trained and are working successfully, work with them to recruit additional people to help them earn more money and grow through the ranks.
You can also use your proven network marketing strategy to create additional streams of income to better diversify your income in case something should happen to the first. You will never be without an income source as long as you maintain diversity in your business. I recommend once you have your Young Living business firmly growing, you should start looking into diversification techniques to grow your income in other ways.
Some of the amazing benefits in Network marketing: you have no large capital investment, no quotas on production and you are not limited to a certain country. There are also huge tax advantages to a home based business, not to mention the additional income that everyone can find useful.
