Magnetic Sponsoring is a pretty common term in the world of network marketing. Most people have heard of it. As a network marketing system that was developed by Mike Dillard, Magnetic Sponsoring has gotten a lot of press over the years since its introduction to marketers everywhere. Let’s take a look at what this program is about, what it does and why it’s different.
Magnetic Sponsoring is a solution to a problem. The problem of recruiting. That’s probably the best thing I can tell you about it. The system shows you how to create the type of life you desire through multi-level marketing by finding and recruiting great people into your business.
Magnetic Sponsoring teaches you to develop your reputation as a trusted expert in your field. This means that instead of having to chase people for the sake of telling them about your opportunity and risking irritating and alienating them, you become attractive to them as a business associate. People come to you. This solves the common problem of prospecting. You become a farmer instead of a hunter.
Think about this for a moment. One of the biggest pains for most network marketers is chasing down prospects. And cold-calling? Forget about it! The number of people on the whole planet who actually enjoy cold-calling is… well, almost non-existent! Most of us can’t stand it. So why do it?!
The basic premise of Magnetic Sponsoring is this:
- lYou learn about attraction marketing, including how to effectively create an online presence that leads prospects and customers to you – you don’t have to do any chasing.
- lYou learn about the funded proposal system. Funded proposals let you earn money from the beginning. This helps you sustain growth in your business from the first moment and helps you keep the momentum going during critical growing stages.
- lYou learn how to use all the tools (there are a lot of them!) the Internet offers for creating your business and building your system.
- lYou learn how to continue to grow your downline and business with advanced techniques.
All these things are important. But my favorites to talk about are attraction marketing and funded proposals.
Attraction marketing is such a great concept, and it works. This is not some sort of mumbo-jumbo either, it’s a specific system that can be learned and put into action for getting people to notice you and your products and opportunity. Once you have that set up people will be asking you if they can join your business!
It’s so much better doing business this way because the people who come to you are primed and ready to get started!
The other thing that I really love is the idea of funded proposals. A funded proposal is this: You offer a great quality, but fairly inexpensive product to your target market. When a customer buys this product, a couple good things happen. First you’ve gained a pre-qualified prospect – they’ve shown a genuine interest in what you’re offering and will likely also be interested in your products and opportunity. Second, you’ve made a bit of money to help pay for advertising and continuing to grow your business. For these reasons, funded proposals are very, very effective!
Add in some killer knowledge about how to use the Internet and all it’s tools to your advantage, and how to keep growing your business, and you’ve got a winner of a system. That’s why Magnetic Sponsoring is different! And that’s why you should apply it to your business!
Sometimes one of the hardest things when trying to stay motivated in your home based business is being around people who are having huge success when you aren’t. You might end up asking yourself “Why not me?” and perhaps even doubting yourself and your skills completely.
The first thing to know is that when you’re working in any home based businesses it can be one big game of chance. Don’t get me wrong… EVERYONE can have success in a home based business… if they keep at it. However, some people, even people who are doing just as much if not less than you could very well be more successful than you at times.
Why? Because a large part of network marketing is a numbers game. One person can call 50 prospects and sign up 5 people and another person can call 50 prospects on the very same day and not sign up any… that’s just how it works. It’s not fair but its fact. But despair not! There is one surefire way to make sure that you have just as much success as everyone else… are you ready for it!
I can tell you with 100% certainty that if you are diligent and consistent in ANY home based business you WILL see success. The problem is that a lot of people give up on themselves and their businesses before they get a chance to see that success.
I will bet you that if you took all the highest earners from all the top network marketing companies in the country and found one common thread between them all it would be that they all worked on their business consistently. Day in and day out even when they didn’t feel like it, even when people were rude to them on the phone or told them they were crazy, consistency is KEY!
So what else sets those of us who aren’t having success apart from those who are? Mindset! There is no doubt about it this is a hard industry to be in. People WILL tell you you’re crazy or tell you just to go out and get a “real job” maybe even your closest friends or your own family!
It is your positive mindset that will keep you going even when all the nay-sayers are telling you to give up. Don’t ever let anyone tell you that you can’t achieve your dreams!
If you keep a positive mindset and work your business with consistency there will be absolutely no difference between you and the most successful people in any business. Never give in and never give up and you WILL find success in a home based business!