NetworkMarketing - Shayo Blooms

Over the last few years, human civilization has been transformed by the internet, which has brought about innovation, reinvention and redefining the business world. Today, it is almost difficult to find an aspect of our lives and businesses that is not impacted by the internet. Entrepreneurs around the globe are exploring opportunities on the internet daily. This article is focused on helping you see how the internet and social media are revolutionizing the business industry, and influencing changes.

One major change that has happened post the Covid-19 pandemic is that employees have had more flexibility with their schedules helping them to achieve a work-life balance. The 9-5 or 8-4 rule no longer really applies as the pandemic has shown us that most work can be done from anywhere. And, with work being remote, employees are in control of the hours that they put in to work as long as they are being productive.

Also, regardless of the positon you hold in the organization, you have to be able to think digitally. Whether you do it or not, your competitors are most likely thinking digitally already – getting digital tools that can be leveraged upon for maximum productivity and efficiency as they take advantage of the internet, etc. So, why shouldn’t you? Finding out what tools your business will benefit from the most and leveraging on them is a great way to join the revolution.

Social media also helps you to reach a larger audience across different platforms in less time. You can manage your business by yourself or hire a professional and track your activities and results to determine the wellbeing of your business on the go. With various automation options, you can focus on the things that matter the most to your business. Also, with just a single mention or repost your website can experience a massive surge of orders and sales, and, why not?

Another main change that the internet and social media have brought to the workplace is the riddance of physical locations for businesses. Depending on the service you offer, you can now grow your business without a physical office space. Also, employees don’t have to deal with the stress of commuting like traffic etc. as long as there is a strong and stable internet connection, jobs can be carried out and delivered without the need for a physical office space.

The opportunity to hire and work from anywhere in the world without having to bother about geographic location is another cool way that the internet has revolutionized remote work. In this case, the major challenges that could pose a threat are time zone and cultural differences. However, when properly managed, these diversities could make the organization an exciting place to work with and provide a much more exciting brand story that positions the business as a global brand.

Lastly, communication is the soul of any relationship and in business, whether it’s employee to management or customer to business, the internet and social media have provided a host of channels for communicating and dealing with issues faster than before.

If a client leaves a bad review, you can attend to it as fast as it drops and redeem your image with the help of the internet and social media.It’s been a long time coming and things are changing fast but the most important thing you should note is that the change is here to stay.

If you love the content you get from Shayo Blooms, recommend it using the social share buttons below. Want to get expert advice about Network Marketing and working from home? Then leave a comment below or contact me for speaking engagements. Don't forget to subscribe to my mailing list.

It is the year 2022, and everyone is looking for the best opportunity for financial freedom. Questions like:

What does the future of work hold?
Can my current job give me the financial security I desire?
What opportunities can improve my income?

If you have been asking any of these questions, you are on the right blog. Many opportunities exist today; however, I consider network marketing a great industry. I have worked as a network marketer for many years, helped others start their business, and believe network marketing is the future.

The network marketing industry generated $189 billion in sales in 2017, and there are countless success stories of network marketers. The direct selling and network marketing industry in the United Kingdom is worth £2bn. Considering the circumstances existing in the corporate sector in the UK, 57% of people want to work remotely. There is an increasing demand for remote jobs like network marketing.

Here’s why Network Marketing Is The Best Business Model For The Future

#1 Time Flexibility: You are your boss as a network marketer. Hence, the amount of time you choose to spend on your business daily is your choice. Although time flexibility is relative depending on your commitments and responsibilities.

#2 Proven System: Several people have explored the network marketing industry and built a solid financial structure over the years. People like Donald Trump, Robert Kiyosaki, and many others have invested in network marketing. Moreso, it is quite easy to start a business in MLM because of its teachable and easy system. The company programs include training and tools to help you develop an effective structure that will help you recruit team members and make sales.

#3 Low Risk: Often, lack of funds is a major limitation for people looking to start a business. When I started my business, I didn’t break the bank. I leveraged my relationships with people around me. Just this month, I have made a lot of money from my business. Unlike other businesses, you stand a chance to be indebted because of the capital that it demands. This is why I always tell people that network marketing is a no-risk business. There are no financial limitations, and it is a low-risk business. If you’re are a conservative individual, network marketing could be the best business plan for you. You have just got to invest your time and enjoy the benefits for a lifetime.

#4 Demand for quality products: Millions of people seek sustainable, organic, and quality products to enhance a healthy and wealthy lifestyle. Considering how powerful social media is, you can enjoy several recommendations from your consumers. Network marketing boosts confidence in the mind of the consumers, so they trust you. Moreover, studies have shown that consumers appreciate honesty and transparency and promote transparency with your products. Finally, a network marketing business is built on the model of people helping people. Put, the more you help others, the more income you will achieve.

Ready For A Game Changer?

There is no better time to invest in network marketing. Here is an opportunity to empower yourself and improve your financial power. Embrace the golden opportunity network marketing offers and create your future.

Are you interested in starting a network marketing business? Please feel free to ask me questions in the comments or email me.

Growth is a prerequisite for the long-term survival of every business. However, growth is determined by several factors such as customer retention, quality services, and marketing strategies. Considering the competition in the marketplace, there is a need for effective customer retention strategies. Increased customer engagement can increase your profits by 25-95%.

Here are my best strategies to keep existing customers

Offer Value: There are two sellers in the marketplace. The individual offers value throughout the year, and the other focuses on quantity instead of quality. The first seller will retent more customers than the latter. In the same vein, offering value to your customers consistently improves your revenue.

Moreover, there is a need to set up a great structure that helps you solve your customers' needs. Making your customers' problems disappear with little or no hassle is the best way to value your customers. As a result, you can retain them. Doing this leaves them with an experience they cannot find elsewhere, even when you are not the only one vying for their attention.

Great Customer Service: One way to achieve this is to know what your current customers think of your business and the products/services you offer. An excellent place to start would be getting feedback from as many existing customers as possible.

First, choose a survey method that works best for your business but ensure that it is not cumbersome or complicated. When you have received sufficient feedback, proceed to review and analyze the information based on common trends and behaviors displayed in customer feedback. With this, you can determine how to and what to improve to offer great customer service that keeps your customers coming back.

Customer Loyalty Program: Customer retention can also be achieved by making customers happy, but how do you make them happy? One way to accomplish this is by offering Customer Loyalty Programs; these programs are usually applied the more customers patronize and interact with your business. Interaction do not only increase the engagement level of your customers, but they also create an experience that extends beyond buying and using your products/services by rewarding customers for being a part of your community, therefore, keeping them committed to your business.

In conclusion, customers retention is a process and a lifelong commitment. So, take your time, build a strategy that allows you solve customer's problems. You will definitely experience a steady increase in customer retention if you practice the above in your business.

Entrepreneurship helps you discover opportunities in the marketplace. There are chances that you will find a new passion, problem, or potential as you embark on entrepreneurship. Over the years, I have watched many people transition into different fields. For some, they switch to a niche within their primary industry. While some switch into a completely different industry. For example, a wellness network marketer becomes a fashion stylist. This article is focused on helping you transition better to a new niche

Here are three easy transition steps for you

#1 Find the niche

Caleb had always been enthusiastic about the SDGs. His enthusiasm fueled his attention to launch a new company that helps business owners connect their goals with any SDGs. Before Caleb's transition, he worked as a distributor for a clothing company. Like you, Caleb also encountered a few challenges before a successful transition. He had many questions, but he was smart enough to understand his new niche.

The first step to transitioning is to find out about the niche. Whether fashion, retailing, health, or fitness. You might need to hire the service of a business consultant or do personal research.

#2 Create tailored marketing Campaigns

If you have found your niche, you know where to find your target audience. At this point, creating a marketing campaign is essential. Remember that you are getting into a new niche, and your customers will no longer be your customer. Thus, you need to recruit new customers. This is why you need to get into the marketplace and build a reputation. That could be a great advantage if you get into a new niche in your primary industry. For example, a multimillionaire entrepreneur switching into network marketing. Creating a marketing campaign might not be a challenge in such a case.

#3 Find new clients

The downside of transitioning has to recruit new clients. It is almost similar to starting your business from scratch. On the other hand, switching to a new niche offers you the opportunity to expand your business and make money income. To achieve this, you need new clients.

Contrary to popular opinions, transitioning doesn't always mean you have to grow a new clients base. Your previous clients can help you with your publicity if you offer services similar to their needs. For example, suppose you are an emotional intelligence coach looking to transition into beauty and skincare. In that case, there are chances that your former clients can become your new clients.

While you are expected to find new clients, targeting people in your former niche is safe and effective if you offer complementary services. Hence, you must understand your target audience, industry, and offers.

As you pursue your passion and set your goals, take time to understand essential details. Being passionate is excellent, but you should have an effective plan to help you become a successful entrepreneur. So, before transitioning, seek advice from successful people. Take the risk, trust yourself, and always remember - You've got what it takes to succeed.

Leadership often entails building and training others. As a successful network marketing leader, I have successfully built different teams with unique systems and structures. As a seasoned speaker, I empower network marketers and educate them on how to become excellent trainers.

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Here are five effective training techniques I employ

The power of duplication: One element that proves excellent leadership is how well your team member can represent your values. That phenomenon is known as duplication. As a leader, your strength, progress, and profitability are dependent on your team members. Your team’s weakness or inability is detrimental to your business growth. Thus, you need to empower your team members to be able to do well in the places you are needed.
Goals for Motivation: Training your team is never easy. However, it can be an easy journey when you have a goal-driven team. A goal-driven team is a consistently motivated one and with easy access to resources, they can make growth to become exponential. A goal-driven team also drives its team members to embrace new challenges and face their fears.
The Self-development Culture: Self-development is critical to your team's growth. Successful companies today thrive on their team members ability to evolve. Regardless of the level of competence your team members have, leaders need to educate and empower their teams as a matter of principle. One of the ways to educate is to offer opportunities for self-development. Introduce team members to events, webinars, and fellowships that will improve them. Always share resources that will enhance their growth, and expand their view about network marketing.

4. Create consistent workshops: I have created different kinds of workshops and webinars for other network marketers over the years. I have since discovered that teaching people fosters collaboration and increases communication.

There are few rules to consider before creating a workshop:

Will the workshop be physical or online?
Is there a fee attached to the workshop?
Will there be a guest?
What will be the main focus of the training?
Will the training be consistent or one-time training?

Knowing the answers to these questions will help you design the best team-building opportunity.

In conclusion, there are many ways to train your team members effectively. You can also discover and create your technique based on your kind of team. Whatever your dreams are as a leader, be willing to help others achieve theirs while you pursue yours.

Teamwork is the glue that holds businesses together. As entrepreneurs, teamwork fosters collaboration, improves communication, and enhances the growth of both the members of the team and the company. However, teamwork will be impossible without a healthy team culture. Based on my experience as a business owner, I have firsthand experience working in a dynamic and multicultural setting, which has shaped my team's culture and philosophy.

Here Are Some Steps For Building A Strong Team Culture

Define your company’s mission and vision: Your mission and vision are vital to building a thriving team culture. Define your mission and write them. Ask yourself these questions:

What are your most important personal values?
What would you never tolerate in your company?
Do you look for some specific qualities in the people you hire?
How do these qualities affect your business growth and success?

2. Define your team culture: What are the goals of your business? Your vision and mission should shape your company's culture. Therefore, gather your team, and explain how your goals shaped your culture. This is crucial because it fosters a strong team synergy and creates a work environment that maximizes success and minimizes conflict.

3. Identify the Strength and Weaknesses of your team members: Your company’s culture reflects the kind of individuals in your team and the kind of business you manage. Beyond creating a culture based on your industry alone, take regular personality surveys of your team members. What are their interests? Is your team multinational or multicultural? How do your team members' actions and attitudes affect your business? These are tangible questions you must ask.

4. Make great decisions and make them clear: It is critical to explain to your team why you expect them to be 100% productive and efficient. For example, I expect certain competencies from my team members. In the same vein, I expect that every one of my team members promotes the company's core values. Certain values like honesty, effective communication, loyalty, personal accountability, and self-development, form a healthy company.

5. Appreciation: Employees, volunteers, and teammates are more productive when not placed under emotional duress. Pressure from work, toxic work culture, and narcissistic team members limit profitability and affect mental health. Hence, appreciating team members achieves a whole lot of good. Rather than nag, give constructive feedback. Encourage your team members, motivate them and provide resources for their growth.

Creating a strong team culture is a function of great leadership and teamwork. Do they support your dreams and visions? Do your work together with your team, and you must discover the best ways to build a great team.

One of the greatest assets of any business is your target audience. The extent to which your business will grow and expand depends on how you leverage strategies to reach your target audience. Your target audience refers to the specific group of consumers who may want to buy your service or product.

This set of people are expected to see your ad campaigns when you target them right. You can select audiences based on gender, income, location or a myriad of other factors. The buying process for your service impacts your customers. Hence, you must create targeted and personalized experiences for people if you want to win them over. Having a comprehensive understanding of your target audience is critical to your growth.

Let’s take a look at your target audience or the steps to find yours:

Analyze Your Customer Base: You can determine your target audience based on your current customer base. Look at the people who are already buying your products and services. How old are they? Where do they live? What are their interests? To analyze your customer base, you can create customer surveys and interview your customers.
Identify Industry Trends: Industry trends are crucial to your business growth. You can identify industry trends by looking at market research in your industry. Research the trends for similar products in your industry to create unique value for your products and understand your target audience's interest.
Create Your Customer Personas: Creating a persona is a great way to build specifications that make up your target audience. This is very helpful for network marketers whose products appeal to a large consumer base. Personas allow you to determine your target audience's general personality, demographics, needs, and identity. Personas are created based on your digital engagements, data, surveys, and other information that can shape your ideal buyer.
Define who is not your target audience: It is quite possible to have individuals who are somewhat close to your target demographic but will not act on messages. Try to be as specific about determining your audience aas you are about determining who isn't in that audience. Is your audience made up of all female entrepreneurs or those between 25 and 50?
Use Google Analytics: Google Analytics is a tool that offers extensive information about users visiting your website. This information can be leveraged to determine your target audience. This will make sure you are creating content that attracts them.

Lead generation is the process of attracting and converting strangers and prospects into your downline or customer. The network marketing industry is saturated and highly competitive, making it difficult to find new prospects for your business. For many newbie network marketers, lead generation may be difficult; hence they need help. However, I have successfully built my business and income level from a newbie network marketer to a global network marketing trainer.

Here are five lead generation strategies:

Maximize Warm Market: I often advise network marketers to maximize their warm leads. As a newbie marketer, leveraging your warm market is a great way to build your business. Your warm market will encourage you, believe in your dream, and support you. The best way to develop your warm market leads is to avoid assumptions and learn about each person’s desires and hopes. For example, a colleague at work has told you about their retirement plan; you can start your prospecting with “Hi, remember when you mentioned your retirement plan? Well, I have an opportunity for you.”
Attend Physical Events: Despite the global pandemic and restrictions at physical events, you can still utilize small physical events such as hangouts, meetings, and seminars. Physical events such as seminars or parties provide opportunities to meet strangers. When you meet people at events or physical places, make friendly connections, exchange contacts so that you can follow them up the next day.
Warm Market Referrals: Many opportunities abound in building a stable relationship with your warm market. Although some of your friends and families may not find your business enticing enough, they may refer you to their friends. For example, you can tell your friend, ‘I understand that you do not find this opportunity interesting. Do you know anyone who might be interested in this?’
Social media platform: According to Statista, the United Kingdom was home to 53 million active social media users as of January 2021. You have about 53 million leads to convert as a network marketer. To start, capture the attention of your followers and friends with quality content about your opportunity. Your content should be able to persuade, educate and entertain your friend your business. Never forget to use a call to action.
Product Trials: Product sales is one of the crucial elements of the network marketing business model. Providing products trials to your leads is an excellent way of converting your prospect to a lead. Moreover, once a prospect uses your product, you can use other products or benefits to entice them to become a distributor or team member in your company.

Do you want to convert your prospects to customers? These resources will be a game changer for you.

The network marketing coaching industry is exponentially growing. The estimated market size of the general coaching industry was $15 billion in 2019, and the market value is expected to reach $20 billion by 2022. According to PwC, the coaching industry is the second-fastest-growing sector globally.

Network marketing coaching includes team building, professional development training, recruitment training, and product selling. Moreover, becoming a network marketing coach is a great way to increase your cash flow. Over the years, I have successfully coached network marketers from newbies to global leaders. This blog post will give you a simple and effective guide to becoming a network marketing coach.

Here is a Guide:

Have an understanding of network marketing: Network marketing is a business model that requires you to build a network of business partners or sales representatives to assist with closing sales and lead generation. There are different types of network marketing, and it is crucial that you understand how each of these types works.
Choose your niche: There are hundreds of network marketing companies globally, with each of these companies selling different products. There are also different aspects of network marketing business, including product distribution and lead generation. It is important that you choose your specific niche. If you want to be focused on lead generation, keep yourself abreast with the notable challenges network marketers face when prospecting people.
Brand yourself: There are hundreds of network marketing trainers in the world today, and it is essential that you brand yourself. What is your unique selling point? Why is your offer different from your competitors? Seth Godin defined a brand as a set of expectations, stories, and relationships that account for a consumer’s decision to choose your product and services over another. Your brand determines your style, content, and every other element of business.
Create an online course: Skill development and virtual learning have become a norm in today’s world. Coaches are transitioning from physical classes, seminars to online courses and webinars. Interestingly, you can create your online course from the comfort of your home. Depending on your desires, you can create a course that is always readily available for people or a live course where you get to meet your students frequently. Each type has downsides; however, having a ready-made course is ideal if you intend to use this coaching business as a part-time job.

If you are considering having another stream of income, then this is for you. If you need any help, contact me to get started.

Competition in business is essential because it gives customers choice and forces businesses to provide better services. Both the big giant and startups in your industry are competing to be the only choice of their target market. This is a pointer that the marketplace is also a battlefield, and only smart businesses remain in the spotlight and are your target audience’s choice. Network marketing is a highly competitive market, and understanding your marketplace and target audience is important.

Company rivalry is overwhelming, but it pushes entrepreneurs to innovate and serve their customers better. Despite the driving force, many entrepreneurs are yet to figure out ways to win the market wars.

This article will reveal 4-strategies to deal with your competition:

Understand your competition: The business world is quite complicated, and it is pivotal for business owners to understand their business. Many entrepreneurs view competition with a myopic lens and pay attention to their immediate competitor. Every business in your specialized field is your competitor, whether they are established brands or startups. Underestimating the number of competitions is a risk every entrepreneur must avoid. Take a critical look at the brands in your industry and analyze their products and services. Through competitive analysis, you will discover innovative ways to lead your business in the marketplace.
Think Long-term: Competition is a constant factor in the marketplace, and it is sometimes a misplaced priority to react each time your competitors make a new move. Your target audience and problems are constant factors, rather than being too quick to be in the spotlight, think strategically. Understand your customers' needs and offer innovative solutions.
Target new markets: As your business expands, you may experience growth limitations of your original target market. Expanding your business to a new market is a great way to handle competition in your industry. Perhaps, your original target audience is women between ages 20-45; explore other age groups. New markets can lead to better growth and expansion if they are properly examined.
Keep Innovating: Entrepreneurs must iterate their products and services. Today’s marketplace has transitioned into the digital world, and innovation is crucial to business expansion. Innovation and rebranding keep older customers interested in your company while it attracts new customers. Older companies are often great examples to learn innovation and rebranding in business. Older companies are established, and they have managed to survived different financial times and seasons.

As an entrepreneur, leverage different competitive analysis tools to help you understand your competition and market. Finally, beating your competition is a process. Take it slowly, understand your market, your competition, and improve your products and services.