Sponsoring vs. Recruiting in Your Network Marketing Business - PowerPoint PPT Presentation

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Sponsoring vs. Recruiting in Your Network Marketing Business

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In the network marketing industry, the words sponsoring and recruiting get thrown around a lot. I think it is of the utmost importance to differentiate the two, primarily because one will equip you for long term, residual income – where the other, will likely create a revolving door type of effect. So when we consisted Sponsoring vs. Recruiting there is one main difference that in turn, creates a ripple effect long term. – PowerPoint PPT presentation

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Title: Sponsoring vs. Recruiting in Your Network Marketing Business


1
Rick-billings
2
Sponsoring vs. Recruiting in Your Network
Marketing Business
  • In the network marketing industry, the words
    sponsoring and recruiting get thrown around a
    lot. I think it is of the utmost importance to
    differentiate the two, primarily because one will
    equip you for long term, residual income where
    the other, will likely create a revolving door
    type of effect. So when we consisted Sponsoring
    vs. Recruiting there is one main difference that
    in turn, creates a ripple effect long term.
  • With a clear definition, we will be able to a)
    tackle the differences, and b) adjust if need be.

3
Sponsoring vs. Recruiting
  • Sponsor (noun)
  • a person or organization that provides funds for
    a project or activity carried out by another, in
    particular
  • a person who introduces and supports
  •  
  • Recruit (verb)
  • enlist someone (used commonly in the military)
  • a person who enlists and is not fully trained
  • Chances are, if you are new to the network
    marketing space you would more than likely
    prefer to be sponsored versus recruited given the
    above definitions I would think? Our role in this
    industry, and what makes it such an amazing one
    is we are legitimately changing lives, every
    single day. And, we often hear others refer to it
    as one of the only careers that you can do the
    work once, and it will pay you over and over
    again.
  • http//rickbillings.com/rick-billings-entrepreneur
    /sponsoring

4
This is absolutely true if done the right way
  • What is meant by this is that, sure you may be an
    excellent recruiter but now what? Where do you
    funnel these people that you are enlisting in
    your business? Are they set up for success, are
    they shown training, or coached on launching
    their business?
  • The reality is, recruiters, in the true sense of
    the word, are not easily duplicable. Often times
    because people arent generally born with a gift
    to recruit. You find people generally working
    through their hot and warm markets and its
    probable that those people close to you do not
    want to made to feel like you were just another
    name on their list.
  • Think about recruiters that are in the corporate
    world. Recruiters try to find people to work at
    the company. However, once the person gets to the
    company, the new employee usually gets trained by
    someone else. You might want to reconsider what
    type of recruiter you are otherwise you will be
    bringing a lot of people in the business but no
    one will be getting trained properly, thus
    retention suffers.
  • http//rickbillings.com/rick-billings-entrepreneur
    /sponsoring

5
What is the Role of a Leader When Sponsoring?
  • A sponsor creates and develops a game plan to
    help distributors promote their business and
    start earning money immediately. A sponsors job
    is to ensure that people become successful team
    members.?- whether it be in network marketing or
    direct sales. 
  • A good sponsor also knows how to utilize the
    various skills of the distributors. Zone in on
    their strengths versus their weaknesses. One
    distributor may be good at cold calling leads,
    while another may be better at closing previously
    developed leads.
  • As an example .
  • Putting these two new distributors together, can
    maximize the income potential of a company or
    product line. Knowing the strengths and the
    weaknesses of your team members, which means
    being a tuned in leader, is an important part of
    being a good sponsor.
  • Sponsoring almost has a tone of lets do this
    together set you up with the basics you will
    need to get started and support them throughout
    the process.
  • http//rickbillings.com/rick-billings-entrepreneur
    /sponsoring

6
Three Tips to Ease Into Sponsoring Quality
People
  • Always have a plan.  Financial success and
    residual results do not happen by accident.
    Success usually is a product of a carefully
    crafted and properly executed plan. It helps to
    have both short-term and long-term plans. (SMART
    goals are a great example of this process)
  • Learn from those who came before you . Consider
    learning from experienced sponsors who have been
    there and tested what works and what doesnt
    through years of trial and error.
  • Have a blast.   It doesnt hurt to enjoy what
    youre working on. Your joy and pleasure will be
    evident to those with whom you are working and to
    those you are prospecting. If you enjoy your
    work, people will notice and thats where the
    bread and butter comes from people join people.
  • Bottom line, there are often some great recruiter
    bonuses tied into network marketing compensation
    plans, but imagine if you mastered the skill of
    sponsoring, what that would do long term for your
    business. There is nothing more frustrating in
    this industry than having to consistently
    replace distributors who have fallen off.
    Generally, where retention is low it is up to the
    sponsor, or leader to adjust.
  • People quit the industry and often before even
    giving it a viable efforts, because they have
    fallen through the cracks. They may not have
    receiving any support after signing on the dotted
    line, or the support diminished too soon.
  • Maybe, this is even you who is contemplating the
    industry given your experience thus far and if
    that is the case, rest assured that there are
    coaches, like me, who are out there to help you
    kick start your business and show you the
    infinite possibilities of this beautiful,
    rewarding industry.

7
Contact Details
  • Address Orlando, Florida, USA
  • Call Us 407-733-3502
  • Email ID Rick_at_RickBillings.com
  • Website http//rickbillings.com/rick-billings-ent
    repreneur/sponsoring
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