What? What Do You Mean Network Marketers Need an Advertising Budget?



Read More: Advertising  |  Marketing

It never ceases to amaze me the number of network marketers who think so small that they don't need to spend money to make money.

It's okay if you want to build your network marketing business on a budget. There are a lot of great ways to do it. You can use craigslist, traffic exchanges, blogs, social networking... but the free methods will only get you so far.

If you want to get serious results in your business and generate a hundred leads or more per week, sooner or later you're going to have spend some money.

Let me tell you, I spend $500 per month (sometimes more) on advertising, marketing, buying products... to double my money. If you know what you're doing, spending $500 to make $1,000 (clearing $500 profit) is a pretty good return on investment if you ask me.

If you ask anyone that runs a traditional business if they have 100% or more ROI every month they probably say no way, "I wish!" Here in lies the problem with MLM, it's too cheap and most newbies are so afraid to lose money on a bad marketing campaign, they quake in their boots about spending money on the product itself, much less advertising and marketing it. This is why it pays to work with experienced marketers who know how to advertise.

Here is the other side of the coin to think about. This is the power and the reason of why network marketing is pure business genius.

Imagine you have 25 to 30 others in your downline (building YOUR business) who are also big thinkers and spend $500 to $1,000 on their marketing. This grows their business and yours. How many traditional business owners do you know that can say they have other people paying to advertise for their business...? My guess is NONE!

This is why I simply won't waste time with whiners who worry about spending a few bucks on marketing because they "can't afford it". Instead of using that as an excuse, use it as reason. My reason for spending money on growing my business was because I couldn't afford the lifestyle that I wanted. The words "I can't" got buried in my back yard.

Start saying I can, I can, I can... your subconscious mind doesn't know the difference between the truth and a lie.

If you know that every time you invest money in yourself and in growing your business, you're investing in growing your income. Not to mention the kind of freedom and lifestyle that a successful business can provide you.

Now if you're just getting started in network marketing then you may not realize it IS a BUSINESS and it does take money to make money, unless you can talk to a lot of people in your warm market.  The sacrifice there is that it takes a lot more time, gumption, and energy to work your warm market successfully. This is why I do both warm marketing and internet lead generation.

When building your business becomes your lifestyle then you simply don't sweat the small stuff anymore.

If you're really struggling financially I understand. Feeding your family comes first, but what would you be willing to do for success? Are you willing to invest a lot of time and energy talking to people in your warm market to start making money without spending any? If so, then be like nike and "just do it".

If you'd rather sacrifice money to save time and energy so you can focus on attracting more quality prospects, then spend the money. Be sure to track what ads work and which ads don't, so you don't waste money on a bad ad campaign more than once. It will happen, but when you track what works you can just rinse and repeat.

The next time you think you can't afford it, ask yourself... "when will I EVER be able to afford it?"

The answer to this is simple, when you know how much your willing to sacrifice, be it money or time, to get your business going. Be very clear on why you want to have a successful business in the first place.

What kind of freedom and lifestyle will your business bring you and your family?

Imagine very clearly the image of what that looks like in your mind. Think about that night and day with such a burning desire, that the sacrifices you make to get there don't seem like sacrifices at all.

To your success.

Tim Welch

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About the Author: Tim Welch

Member Since: 10/08/2007

Industry: Business Opportunities

Primary Web Site: http://moneymakingsystemguy.com

Comments



Ad money

Different strokes for different folks. I find the amount of work I put into generating business leads to be less painful than spending out of pocket. I don’t think I got a better lead than the ones I get at Better Networker for free.

 

Learn more about generating leads in my free e-book download.

 

 

A “Pearl of wisdom for you;

It is not because things are difficult

that we do not dare.

It is because we do not dare

 that they are difficult.

 

 

Your Servant

Elwood

“Mentoring For Free”

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Elwood Crane — Thu, 08/28/2008 - 6:50pm

Absolutely

Thanks for commenting Elwood, you DO find great people here at better networker!

Tim Welch — Thu, 08/28/2008 - 7:06pm

Time and Money

I like the way you put that time or money...excellent insight.

 

 

Simone Hardy — Fri, 08/29/2008 - 11:00am