Chief's Wednesday Message 071

Summary

In this motivational video, the speaker addresses network marketers, emphasizing the importance of reducing attrition and building a successful, exciting organization. They highlight the need for strong systems, continuous recruitment, and visible success to retain and inspire members. The speaker stresses that unrealistic expectations and a lack of support are major causes of attrition and provides strategies to prevent it. With a focus on achieving success quickly and showcasing results, the video encourages marketers to remain active, attract success, and participate in incentive programs like the $250,000 bonus pool to motivate their teams.

Takeaways

• 😀 Attrition is a normal part of network marketing, and some people will inevitably drop out, but this can be managed with the right strategies.
• 😀 People often drop out because their initial expectations are too high, and they expect instant results in network marketing.
• 😀 The organization’s culture plays a critical role in retention; it should be exciting and vibrant to keep people motivated.
• 😀 Successful network marketers are highly committed and focused on their goals, and they know exactly what to do to succeed.
• 😀 A strong and clear system is essential for training new sign-ups and ensuring they know exactly what to do next.
• 😀 When the system doesn't provide enough support, or when new recruits are left alone, attrition increases.
• 😀 People stay in organizations that demonstrate visible success, including leaders who are successful and lead by example.
• 😀 The key to reducing attrition is making sure the organization is constantly demonstrating success and providing visible results.
• 😀 Leaders in network marketing should focus on continuous networking, consistently bringing in direct referrals to build momentum.
• 😀 You must have a duplicable system in place so that new recruits can follow the path to success easily and quickly.
• 😀 Offering incentives, such as bonus pools, can motivate individuals to stay engaged and work toward the goals of the organization.

Q & A

What is attrition in network marketing?

Attrition refers to the phenomenon where people sign up in an organization but eventually drop out. It is a common challenge in network marketing.

Why do people drop out of a network marketing organization?

People drop out for various reasons, such as having unrealistic expectations, lack of support, not seeing success, or finding the organization unexciting or unattractive.

How can a network marketing leader reduce attrition?

To reduce attrition, a leader should ensure the organization is exciting, have a strong system that supports new recruits, and make success visible through active leadership and successful role models.

What role does a working system play in reducing attrition?

A working system helps new recruits understand what they should do from day one. It provides guidance, training, and support, ensuring they stay engaged and don't feel abandoned.

What are some common characteristics of people who succeed in network marketing?

Successful individuals, referred to as 'max-out Kings' and 'max-out Queens,' are highly focused on their goals, have a clear vision, and work consistently toward their objectives without being slowed down by challenges.

What does it mean for an organization to be 'exciting'?

An exciting organization attracts and motivates people with its energy, success, and clear purpose. This includes having passionate, driven individuals, a positive atmosphere, and a visible commitment to success.

Why is visible success important in network marketing?

Visible success motivates new recruits by showing them that success is achievable. When they see others earning, driving good cars, and living successful lives, they feel inspired to stay and work toward their goals.

What can a leader do to make their network marketing organization more attractive?

Leaders should focus on building a positive culture, ensuring new recruits have a strong system in place, and visibly demonstrating success. Additionally, leaders should actively network and continually bring in new referrals to maintain momentum.

What does Chief Bartman Senati Raja mean by 'Maxing out' in network marketing?

'Maxing out' refers to achieving the highest level of success possible in network marketing, including reaching top earnings and becoming a leader within the organization.

How does continuous networking contribute to success in network marketing?

Continuous networking ensures that the organization keeps growing by bringing in new people. It's important to never stop recruiting new direct referrals, as this helps maintain momentum and keeps the business expanding.