Legal Shield business owners: It's time to learn what it REALLY takes to become a top earner Are you dedicated to climbing to the top of your comp. plan?
If you want to become a top earner, it's vital you get way beyond merely talking to colleagues, associates, family and friends about your business..
You've got to learn to acquire customers and business partners the way nearly all legitimate businesses do: through marketing!
I've been groomed by 6 and 7-figure income earners who taught me the following strategies we quietly use to build large businesses:
- Supplement Your Legal Shield Income
Add other revenue sources to your Legal Shield business. It's risky to rely exclusively on a single revenue source in your business. You never know if your top people will leave your downline. Attrition might rise on your Legal Shield business. Legal Shield management could take the company in a direction you don't like.
Risk goes down when you diversify your income streams. Be careful to never get distracted from building your Legal Shield business when you diversify your revenue streams.
Multiple options exist to add new sources of revenue:
First, sell affiliate products. Sign up as an affiliate to promote the services, courses, and system you use in your business. Focus on the products that are so good, you would recommend them if you weren't paid to do so. Generally you get paid commissions of twenty to sixty percent.
It's also possible to convert your own content into paid products. Record your conference calls and webinars, then ell the recordings. Bundle your videos into an e-course. Gather your blog posts, edit them and create an e-book.
Finally, offer paid coaching to your best students. As your expertise grows, you can raise your coaching prices and be more selective about whom you coach.
- Invest Your Time Skillfully
As a Legal Shield business owner, your most valuable asset is time. People with jobs get paid even if they are not productive during that week.
In contrast, entrepreneurs only get paid for the results they create with their time and resources. Success in Legal Shield is going to depend a lot on how well you invest your time.
Schedule your days. Define when your Legal Shield business activities are going to get done. Decide in advance what you are going to do during that time.
Concentrate on tasks that will generate money. Closing, creating marketing pieces and generating leads are critical. Prevent getting interrupted or distracted. When you work, turn off your phone and close your door.
Schedule your important tasks for the beginning of each work period. When you work on your Legal Shield business, begin with the tasks that bring in the most money. Define your hourly rate. Divide your target weekly earnings by the number of hours you want to work your business. This is the rate per hour you expect to earn as a business owner.
It's probably $100 an hour or more. Is it possible to hire someone to do laundry and other simple tasks for less than this rate? If the answer is yes, then why not hire someone to do these tasks? Hire people to perform low level chores.
- Market Like A Real Business
Like any established business, you must market to generate sales. It's amazing how little network marketers in companies like Legal Shield are taught about real marketing.
DVDs that pitch your company, replicated websites and webinars are not a comprehensive marketing strategy. Running around with a bunch of silly brochures will NOT build you a large business. Real marketing has several ingredients:
Identify Your Target Market: Who is the ideal prospect for your Legal Shield business? People with business experience? People who are in dire need of money? I recommend you target other network marketers who are looking for a better way to build their business. Network marketers won't waste your time with stupid questions about whether this is a scam, a pyramid, etc. More importantly, network marketers have demonstrated they are willing to actually invest in a business, not just ask about it.
Position Yourself Properly: Thousands of people are promoting Legal Shield. What unique value do you provide? Decide what sets you apart and communicate that to the marketplace.
Promote: What's your strategy to attract leads after you run out of people you know to introduce to Legal Shield? Use a proven online marketing system that teaches strategies to generate leads online.
Follow-Up: After you generate a lead, what will you do to follow up? Use both live phone calls and automated emails to handle follow up.
If you want to become a top earner, it's vital you get way beyond merely talking to colleagues, associates, family and friends about your business..
You've got to learn to acquire customers and business partners the way nearly all legitimate businesses do: through marketing!
I've been groomed by 6 and 7-figure income earners who taught me the following strategies we quietly use to build large businesses:
- Supplement Your Legal Shield Income
Add other revenue sources to your Legal Shield business. It's risky to rely exclusively on a single revenue source in your business. You never know if your top people will leave your downline. Attrition might rise on your Legal Shield business. Legal Shield management could take the company in a direction you don't like.
Risk goes down when you diversify your income streams. Be careful to never get distracted from building your Legal Shield business when you diversify your revenue streams.
Multiple options exist to add new sources of revenue:
First, sell affiliate products. Sign up as an affiliate to promote the services, courses, and system you use in your business. Focus on the products that are so good, you would recommend them if you weren't paid to do so. Generally you get paid commissions of twenty to sixty percent.
It's also possible to convert your own content into paid products. Record your conference calls and webinars, then ell the recordings. Bundle your videos into an e-course. Gather your blog posts, edit them and create an e-book.
Finally, offer paid coaching to your best students. As your expertise grows, you can raise your coaching prices and be more selective about whom you coach.
- Invest Your Time Skillfully
As a Legal Shield business owner, your most valuable asset is time. People with jobs get paid even if they are not productive during that week.
In contrast, entrepreneurs only get paid for the results they create with their time and resources. Success in Legal Shield is going to depend a lot on how well you invest your time.
Schedule your days. Define when your Legal Shield business activities are going to get done. Decide in advance what you are going to do during that time.
Concentrate on tasks that will generate money. Closing, creating marketing pieces and generating leads are critical. Prevent getting interrupted or distracted. When you work, turn off your phone and close your door.
Schedule your important tasks for the beginning of each work period. When you work on your Legal Shield business, begin with the tasks that bring in the most money. Define your hourly rate. Divide your target weekly earnings by the number of hours you want to work your business. This is the rate per hour you expect to earn as a business owner.
It's probably $100 an hour or more. Is it possible to hire someone to do laundry and other simple tasks for less than this rate? If the answer is yes, then why not hire someone to do these tasks? Hire people to perform low level chores.
- Market Like A Real Business
Like any established business, you must market to generate sales. It's amazing how little network marketers in companies like Legal Shield are taught about real marketing.
DVDs that pitch your company, replicated websites and webinars are not a comprehensive marketing strategy. Running around with a bunch of silly brochures will NOT build you a large business. Real marketing has several ingredients:
Identify Your Target Market: Who is the ideal prospect for your Legal Shield business? People with business experience? People who are in dire need of money? I recommend you target other network marketers who are looking for a better way to build their business. Network marketers won't waste your time with stupid questions about whether this is a scam, a pyramid, etc. More importantly, network marketers have demonstrated they are willing to actually invest in a business, not just ask about it.
Position Yourself Properly: Thousands of people are promoting Legal Shield. What unique value do you provide? Decide what sets you apart and communicate that to the marketplace.
Promote: What's your strategy to attract leads after you run out of people you know to introduce to Legal Shield? Use a proven online marketing system that teaches strategies to generate leads online.
Follow-Up: After you generate a lead, what will you do to follow up? Use both live phone calls and automated emails to handle follow up.
About the Author:
Ricardo Interpemian has coached thousands of people how to build businesses such as Legal Shield.
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