The great misconception about network marketing

stationary exercise equipment

What makes a great network marketer different from a poor network marketer?

Network marketing can be one of the single, most effective ways to grow your business.  Personally, my membership in the local builders association and a local chapter of BNI was directly responsible for 50% of the new business development for my company in 2007.

Joining a Chamber of Commerce, a Chapter of Business Networking International, a local civic organization (Lions Club, Jaycee's) or a local builders association are just some examples of ways to start network marketing.  There are plenty of opportunities where ever you live.  If you are not using network marketing as part of your overall marketing plan, you need to start.

For some, network marketing works great.  For others...when it comes time to renew their membership, they don't renew.  Their main reason:  It didn't get me any business.

What poor network marketers often fail to understand is that a roster spot on a membership list MEANS NOTHING.  It simply comes down to what Dr. Ivan Misner from BNI calls Givers Gain.  You gain back in direct proportion to what you give.

How an exercise machine is a lot like networking 

I had an extended phone conference with Janet Kruger from Lights On, who was voted the Associate of the Year for the Minnesota River Builders Association.  Visit my blog to read Kruger's analogy of how an exercise machine is a lot like networking, and THREE SPECIFIC WAYS to maximize your membership to any networking group. 

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Chris Mitchell is the President and Founder of 25-8 Marketing, Inc, a full service advertising agency in Elk River, Minnesota. He plans and implements marketing programs for small to medium-sized businesses. Mitchell is a consultant, speaker and author and has worked with hundreds of companies. He has over 20 years of real-world advertising experience, and understands the marketing challenges of the small business owner.

 

 
Post is included in group: The Art Of Marketing You
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5 Comments on The great misconception about network marketing

It's just like all the people who join Active Rain because they think it is going to give them leads and position, so they put up a profile, get 600pts and never get a lead or visit AR again.  Go Figure!

 Chris, Are you aware of The Referral Network ?  Its free and a really awesome concept!  Check it out.

04/10/2008 09:44 PM by Sara Homan (Coldwell Banker Ellison Realty Inc)


Bingo Sara.  You are spot on.  Thanks for your comment.

04/10/2008 09:46 PM by Chris Mitchell (25-8 Marketing)


My broker joined the home builder's association... but I don't think he made any events.  Maybe I need to run with it while he isn't looking. 

04/10/2008 09:46 PM by Lane Bailey - The REALTOR for Car People (Diamond Dwellings Realty)


Lane -- a good point.  Get involved with the local builders association.  In mine, there is a serious absence of real estate agents.  There is big opportunity there to meet builders and associates in a related industry.  You definitly need to check it out.  Thanks for the comment.

04/10/2008 09:51 PM by Chris Mitchell (25-8 Marketing)


Good comparison. If you don't use it/work it...it does not work...alot of people don't get the referrals because they don't work the network.

04/11/2008 09:45 AM by Chuck Carstensen (Re/max Associates Plus inc)


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Real Estate Media: Chris Mitchell (25-8 Marketing)
Chris Mitchell
Elk River, MN
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25-8 Marketing

Office Phone: (763) 241-1258
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Chris Mitchell is the President and Founder of 25-8 Marketing, a full service advertising agency that plans and implements marketing programs for small to medium-sized businesses. He is a consultant, speaker and author and has worked with hundreds of companies. He has 20+ years of real-world advertising experience, and understands the marketing challenges of the small business owner.

Chris works with real estate professionals, home builders, and many other clients to help them build their business.

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