Anyone who has recruited more than a handful of people into their network marketing business and has experienced a lack of retention? While you are recruiting a new partner for your network marketing business 2 others are dropping out.
Obviously, this is frustrating… isn’t it? It is even more frustrating to see people leaving faster than you can recruit them. What can you do to build a network marketing downline that becomes more stable? I will share with you 5 Ways to Increase Retention in Your Network Marketing Business.
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5 Success Factors for Retention Rate & Growth in your Business
Too often we are so caught up in recruiting a new people in our downline that we forget about the downline we already have…. right? We focus all of our energies on the toughest part of building the business which is recruiting. Yet we forget to take action on the easiest part: Follow-up and build relationship.
While follow-up and building relationships may seem difficult to get to sometimes especially if you have a big team, it is extremely important for future growth and improving your retention rates. The number of people in the downline who drop out should not be dropping out like they are.
Your goal should be to improve the retention rate within your own team and to make your customer support to your downline a priority. It is far more difficult to recruit new people than it is to follow-up and follow-through with those you already have.
Below you are going to learn the Top 5 Ways to Increase Retention in Your Network Marketing Business:
1. Follow-up is following-through.
You must follow-up with your new downline within one week. Call them within one week of to see if they are using the products and if they have any questions you can answer.
2. Staying in contact shows you care.
Building a successful downline for your network marketing business is all about building relationships. Team Calls/Webinars/Meetup places will help.
3. Anticipate the needs of your downline.
By staying in contact, you can anticipate or stay ahead of your their needs. As someone who is successful yourself you know what they are going to through and will go through to build their business.
4. Work closely and be supportive.
No one is guaranteed success. However, you will be amazed at how high of a success rate you will have with those you personally sponsor when you work closely with them and are supportive of their efforts.
5. Create intimacy with your downline.
Show them you are not just in it to get their money. If you provide value through concern for them as a person, deliver quality customer service in every way possible and recognize them you will find your downline will be there for the long term.
Make follow-up and build relationship with your network marketing downline a priority. This is the key to higher retention and increased income for you and them in the future.
Watch this video where I cover more about this…
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