Posts Tagged ‘Relationship Building’

Automation Vs Relationship Building and your Business

December 16th, 2009

Within the collective of online businesses, there are various schools of thought as to how you should go about building the most effective model for business.

Two of the most popular models for success online are automation and also relationship building.

The automation model simply suggests that by automating or having as many aspects of business running on auto-pilot, certain resources (namely you), are free to focus more so on other money generating activities.

The relationship building model is more of a psychological approach, which is built upon the notion that people tend to do business with individuals or companies that they like, trust, or are at least more familiar with.

Here there may be something of a debate. . .

Now, many will argue that hey, with this one VS the other. You can certainly do both. Right?

This is true, but I believe this is only true to a certain extent without sacrificing the value of one model for another.

Automation of those business activities that don’t deal directly with the customer is highly efficient.

However, once you begin to automate your methods of direct contact, such as customer support, pre-selling, even e-mailing your list, I would suggest that you are also sacrificing your relationship in favor of automation.

Here is an example…

One popular method for automation is undoubtedly the auto-responder. The auto-responder allows a business to send any number of pre written e-mails to a list of customers or prospects.

Although, this is tactic definitely conserves time, most automated e-mails have the look and feel of something that has been mass produced.

These e-mails don’t have much of a personalized touch which eliminates the opportunity for a customer to develop any sort of bond or personal relationship with that business.

E-mail marketing is an incredible method by which a business can build relationships with lists and customers.

The key element to this approach is consistency as well as a personal touch.

When people here from you on a regular basis, they become accustomed to that contact and begin to expect it.

As apposed to, “Oh! This guy again. He probably wants to sell me something and off the top of my head I can’t say I feel like spending any money. So, delete. ”

When a business automates the contact with customers they lose much of any personal quality and take on the image of some huge money hungry machine that frankly doesn’t have the time to send you a personal e-mail.

This is not relationship building by any stretch of the imagination. People like to do business with other people, not corporations, or franchises, or operations, but people.

Other highly effective methods for actually connecting with people online (and that is the power of the internet), include forum marketing,blogging, and viral marketing.

I won’t go into detail about these methods here, because each could easily warrant an entire piece on that topic alone.

I believe that closely associated with that initial query by potential customers, “What’s in it for me?” there is also an implied questions of,

“Why should I listen to you…Why should I trust you?”

This is the importance of relationship building and any business, but especially business online. People like to know that you are as real as they are.

Character may almost be called the most effective means of persuasion.

-Aristotle

The Four Truths of Network Marketing

December 14th, 2009

Master these four fundamental steps to network marketing and be all but guaranteed both incredible wealth and great success. Fail to understand the importance of but one, and condemn your business to flounder and ultimately follow the path of so many eager, yet unprepared network marketing hopefuls.

You may be thinking at this point, only four secrets to making millions and millions of dollars? Let’s hear it then. Actually, there is really only one. Time and time again, success story after success story; all have this one truth in common. So, this particular gem I’ll save for last.

If network marketing is all about networking and of course marketing, why do so many network marketers continue to struggle to realize the infinite networking and lead generating potential of the internet? Simply put, it’s being done all wrong. How’s that?

Network marketing (also known as “Multi-Level-Marketing” or MLM) depends most heavily on. . .

– recruiting / lead generation / relationship-building

– sales conversion

– ongoing consumption

– replicating yourself through down line motivation and training

If your network marketing business fails to recognize the importance and any one of these fundamental elements then quite simply, you won’t have much of a business at all.

Everything starts with recruiting and lead generation. No leads means no sales. No sales means no down line. No down line means. . . I’m sure you get the idea here. The entire process is built upon the foundation of recruiting and relationship-building with the express intent of maximizing product consumption and the success of your down line. Your bottom line is this. If you can’t replicate your success within your down line you ultimately fail to realize the true income generating potential of network marketing.

That being said, I’ll take this opportunity to summarize my own cautionary tale for those who are new to network marketing or who are just now thinking of taking the plunge. For those who have been around the block a time or two please bear with me. Much of my story may undoubtedly sound very much like your own.

When I first made the decision to start my network marketing business, I believed that with a great product and an effective marketing system, enough hard work would guarantee me success. I had the right attitude, but the wrong impression of what made this business tick. I expected to have a great deal to learn and I was eager to do so. I attended trainings, bought books, studied sales copy, purchased leads, ran ad campaigns, the whole routine.

I managed to generate a fair number of leads, and only a few conversions. For me that was fine. I assumed that if x amount of traffic equaled y amount of conversions, all I needed to do was. . . You guessed it, drive more traffic. So, here I am grinding like a mad man at driving traffic, and losing all but my shirt in the process. That’s when it dawned on me. Sure things are a bit slow going, but if my real return on my investment comes with creating a successful down line. . . How many members of my down line can I honestly say would be willing to put in this much time, effort, and yes money, for the same results. Not a single one. . .

I’ll say this once more just to be absolutely clear. If you can’t easily and effectively replicate a reasonable measure of success in your network marketing down line, then you are in effect spinning your wheels without going much of anywhere. If you assume that replicated content and replicated sites are the same thing as replicated success, you may want to think again.

Think of your business like a car and the content you provide your potential prospects as the wheels. If you expect to move your business you need the content you provide about your business to stand out. You need wheels that give your business traction. That traction comes in the form of having a unique voice and providing your prospects unique content about your business.

Well that about says it. . . Once you do your pre-selling and your marketing to generate your leads make sure you can provide good quality content to convert those leads into sales. Create an effective method to transfer some form of ownership to your down line so that they can achieve their own unique voice and replicate your success for themselves.

Oh and as for my million dollar secret. . . So, what is the secret that creates truly successful businesses, not to mention truly wealthy people? Here it is. . .

Do what you love. . . If you can find a way to turn your passion, your interest, even your favorite hobby into your business, then you will be in a much better position to achieve true success. Turning an opportunity to make money into something you love is infinitely more difficult that turning something you love into an opportunity to make money.

If this information helps even one person out there find a bit of the success that we all seem to be searching for, then I’d say that this article has served it’s purpose very well. For any questions or further information, feel free to contact me.