I tip my hat to Eric Worre of NetworkingMarketingPro.com, for today's bold video calling for some serious change in the Network Marketing Industry, starting at company ownership level. Eric challenges the networking marketing community at large and the owners, product formulators and management teams of those companies specifically to work much harder than they are on their Product Value Proposition than they do at recruiting and maintaining corporate culture.
What IS Product Value Proposition?
Eric explains it very simply as a product's WOW FACTOR, the price of the product and it's ability to compete effectively in the marketplace. I can hear network marketers every where saying, "BUT Rose … my product IS the best out there … that's why it's priced the way it is … and NO other company is using that super duper magical pixie dust in THEIR products, so there is NO COMPETITION." And, as you are saying that, I want you to ponder this – "If you were no longer able to be a distributor for your company would you stay on autoship, continue to use the product and recommend the product to others ?"
BE HONEST with yourself. If your answer is no, it is time for some serious soul searching, because you are not adding any sort of real value to your own life and to anyone else's. Sure you maybe making money right now, but the question I have for you is, how much of that money is RESIDUAL INCOME versus fast start commissions? If most of your income is coming from fast start payouts, and you are replacing your BUSINESS BUILDERS every 90 days, there is a BIG PROBLEM with the way your business (if you can call it that) is being built.
Network Marketing is all about selling AMAZING products to people who are willing to pay a fair market price for the results that they get from those products. Those results are so positively life changing that they cannot imagine ever being without those products, so they order them like clockwork month after month, year after year and as a distributor you get paid month after month, year after year for those purchases. It really is not about making money, it is about making someone else's life better. When you do that by putting the other person's needs first, the money follows.
One of the most profound statements that Eric made in the video is that the days of $200+ a month autoships on "me too" products that really don't compete in the marketplace are coming to an end. The New Economy simply will not tolerate over priced, mediocre products EVEN if they have an income opportunity attached to them. The New Economy is pushing the entire world to a tipping point in how business is being done.
Building a network marketing business is proving to be a far better way to take back control. However, network marketing companies that do not do the right thing, i.e. produce truly amazing products that are competitively priced will have a really hard time staying in business. Just imagine what could happen if a network marketing company was totally over delivering to raving product users who can't wait to talk about their results with everyone they come in contact with! Product sales on steroids …??? True lifetime residual income for distributors …??? The PROMISE fulfilled?
No wonder so many network marketers are not seeing the results they want and so many have started asking "Where Did The Money Go?"
Seriously, how many different kinds of Super Juice are out in the market place? How many different kinds of Protein Shakes are out there? How about Discount Travel Programs? Discount Technology Programs? Healthy Coffee and Chocolate? Essential Oils, Cards and Coins? … You name it and it probably has a network marketing opportunity attached to it. The only thing that I can think of that doesn't is … burial plots 😉
What makes one product stand head shoulders above another in the marketplace and which company is producing it should be qualifying questions that everyone asks BEFORE they get involved with a network marketing business opportunity.
The bottom line, the New Economy has created new rules that most network marketing companies have never had to contend with. And, in order to meet the new demand being expressed by the marketplace, high-value, more price sensitive products need to be created. Some companies have already started doing this. Others are still playing by the old rules. Kudos to the companies that have stepped up to the plate already. Research and development is a lengthy process and these companies have positioned themselves and their distributors to win in the New Economy.
So, once again, I am going to ask you to seriously think about this question …
"Would you continue to purchase these products, at the price you are currently paying, every single month, even if you were NOT involved with the business opportunity?"
If your answer is yes, I encourage you to go out there and serve as many people as you can. If your answer is no, I encourage you to think long and hard about what your future looks like in network marketing if you continue to build something that is not truly aligned with your mission and values through serving others with honor and integrity.
Remember … sharing is caring …
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Rose Mis is the author of “Dead Blogs Don’t Lie ~ 7 Secrets To A Wildly Popular High Traffic Blog” and the editor and publisher of The Frugal Networker Newsletter. She is the creator and Executive Chef of the internet's only Award Winning Attraction Marketing Training Kitchen. Rose is one of the top MLM / Network Marketing bloggers online today and is a featured blogger at thatMLMbeat.com. You are invited to stop by the Kitchen anytime you have any questions about blogging, marketing or mindset. Rose is here to help you get the results you are looking for as quickly and cost effectively as possible.
Eric Worre – A Call For Serious Change In The Network Marketing Industry:
Why Some Network Marketing Companies… http://bit.ly/fFp3EN
Especially for Network Marketers … How well does your Product's Value Proposition stand up in the marketplace? http://ow.ly/4qwrL
Awesome post!!!
Very good questions indeed!
I find that in this economy it is important to have a replacement product as opposed to a add on product. Those are the first to go when people have to buckle down on their budget!
Loved the read!
So glad that you were able to stop by Roshanda !!
I totally agree with you !! People are willing to spend their money if it makes sense. Quality and value are paramount … if something can become a “me too” product sold off the shelves at walMart for less …. why SHOULD anyone purchase it from a direct sales company?
Blessings to you !!
Eric Worre – A Call For Serious Change In The Network Marketing Industry http://ow.ly/1bZAFE
Wow Rose – this is AWESOME! I agree with you 100%! Sandi really helped change my focus on joining ‘any ol’ company’ because I can make money, but instead finding companies to align with that I would use even if I didn’t make a red cent. You hit the ball out of the park with this one~ I hope MANY people read this post 🙂
Hey Thea …
Sandi peeled my eyes WIDE OPEN too !! Had to do ALOT of soul searching just to make sure that I was representing a product and a company that I would use REGARDLESS 🙂
That’s one of the reasons Dani’s trainings are so VITAL …. she really breaks this down to what makes everything work.
I could never introduce someone to a product or service that I wouldn’t use myself. I wouldn’t do it outside network marketing… why would I do it with network marketing?
GREAT Post Rose!!
Charlotte you have got so much integrity in everything you do!! It is an honor to know you.
Blessings always !!
I am confident that by following your recommendations, I will not be
disappointed. I sincerely thank your efforts for making us knowledgeable people.
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Affiliate Marketing Money
Wow Rose… I never thought of things in this way. You are always ahead of the curve in the Marketplace. This is just another example of how you do it and why you are in that position!
Keep the great stuff coming!
Wow Rose… I never thought of things in this way. You are always ahead of the curve in the Marketplace. This is just another example of how you do it and why you are in that position!
Keep the great stuff coming!
Hey Annie !! woooHOOO … so glad you were able to stop by 🙂 It really is all about product value and how that is communicated to exactly the right people !! And I KNOW that is something that you are totally committed to 🙂 Another woman of GREAT integrity !!
Blessings always !!
I have always suggested that someone evaluate a networking opportunity by asking if the product were not tied to a comp plan would it survive in the current marketplace- if no, don’t join the company!
interesting post. will be hard on some, but better get honest to yourself now than letter. well done with the post 🙂
I agree with you completely. I can definitely say that I will continue to use the products from the company I have been with for 26 years. We have clients that have been with us for almost that long as well. It is all about helping others have a better quality of life.