Improve Your Primerica Profits
Primerica business owners: It's time to learn what it REALLY takes to become a top 3% earner Are you committed to climbing to the top of your comp. plan?
If you want to become a top earner, you need a way to promote to thousands of people- not just to the small number of friends and family network marketers are taught to approach.
You MUST learn to market!
Read the rest of this article to learn several strategies top 2% earners are using to build large and lucrative businesses:
- Be An Attraction Marketer
Nearly all people promoting Primerica run out of leads. That's when they end up chasing people and they just seem to be desperate. The ideal solution to these issues is Attraction Marketing.
Attraction Marketing entails creating and promoting instructional content online that teaches network marketers how to grow their businesses. When you promote instructional content online, you establish yourself as an authority and leader. This is a very effective way to sponsor people into Primerica.
There's a few key factors in Attraction Marketing:
- On the Internet, people are NOT looking for your business opportunity. They are seeking a leader they can follow to help reach their goals.
- There's no shortage of people on the Internet trying to promote companies just like Primerica. There are very few true leaders out there.
- People are magnetically drawn to others that can alleviate their problems.
- People get turned off when they feel someone is just trying to close them on a sale.
- You are much more valuable in the marketplace when you focus on helping people improve their businesses.
- If you want to receive, you have to be a giver first. How much free content you put out, and how good the content is, will dictate the degree to which people see you as a leader.
When you practice attraction marketing effectively, prospects will approach you to request to join Primerica. With attraction marketing, there is zero chasing!
- Supplement Your Primerica Income
Make sure you have other income streams in addition to just your Primerica revenue. Banking solely on Primerica is very risky. You never know if your top people will leave your downline. Attrition might rise on your Primerica business. Primerica management team might change the comp. plan or add restrictions you don't like.
you lower your risk when you diversify your Primerica business income. Add new revenue sources but do not get distracted from your core Primerica business.
You can choose from three major ways to add new income sources:
Add affiliate offers to your marketing mix. Think of the courses, services and systems you use and your business. Pick the best ones to promote as an affiliate. Your reputation is at stake, so only promote affiliate products you feel good about. Typical affiliate commissions are 30%-50%.
You can also transform your content into products. Record the webinars you do and turn them into products. Gather a set of your videos and sell them as a course. Put your written content together into an e-book.
One-on-one coaching is another revenue stream you can add to your business. Select a price for your coaching so it's worth your time.
- Make More Money In The Short Term
Marketers in Primerica and similar companies spend way too much time and energy trying to build a long term residual income. And they focus too little on short term revenue. These networkers leave a lot of money on the table.
Long term, you need a big downline to create a large residual income. But only a tiny handful of network marketers ever create a large downline.
Retention is terrible in network marketing. Nearly everyone in your downline will quit in the first year. Focusing almost all your efforts on creating a large downline is NOT the most profitable business model.
Increasing the short term income is much more effective. Short term revenue is the commissions you earn in the first 90 days of acquiring a new customer or a new rep.
There's two basic places you earn income in the short term:
Market affiliate products such as training and systems to network marketers. Earn affiliate commissions on the sale pf these products. The vast majority of your prospects won't join Primerica, and you need to monetize the investment of time you spend with these people.
Selling a high ticket product line is another great strategy to increase your income in the short term. Network marketing opportunities such as Primerica usually pay $50-$100 each time you sponsor a rep.
You can make a ton more money by promoting an opportunity that pays you a $1,000 or more for each new rep. you sponsor. Sell a product line that's higher ticket. Your up-front revenue will increase dramatically.
If you want to become a top earner, you need a way to promote to thousands of people- not just to the small number of friends and family network marketers are taught to approach.
You MUST learn to market!
Read the rest of this article to learn several strategies top 2% earners are using to build large and lucrative businesses:
- Be An Attraction Marketer
Nearly all people promoting Primerica run out of leads. That's when they end up chasing people and they just seem to be desperate. The ideal solution to these issues is Attraction Marketing.
Attraction Marketing entails creating and promoting instructional content online that teaches network marketers how to grow their businesses. When you promote instructional content online, you establish yourself as an authority and leader. This is a very effective way to sponsor people into Primerica.
There's a few key factors in Attraction Marketing:
- On the Internet, people are NOT looking for your business opportunity. They are seeking a leader they can follow to help reach their goals.
- There's no shortage of people on the Internet trying to promote companies just like Primerica. There are very few true leaders out there.
- People are magnetically drawn to others that can alleviate their problems.
- People get turned off when they feel someone is just trying to close them on a sale.
- You are much more valuable in the marketplace when you focus on helping people improve their businesses.
- If you want to receive, you have to be a giver first. How much free content you put out, and how good the content is, will dictate the degree to which people see you as a leader.
When you practice attraction marketing effectively, prospects will approach you to request to join Primerica. With attraction marketing, there is zero chasing!
- Supplement Your Primerica Income
Make sure you have other income streams in addition to just your Primerica revenue. Banking solely on Primerica is very risky. You never know if your top people will leave your downline. Attrition might rise on your Primerica business. Primerica management team might change the comp. plan or add restrictions you don't like.
you lower your risk when you diversify your Primerica business income. Add new revenue sources but do not get distracted from your core Primerica business.
You can choose from three major ways to add new income sources:
Add affiliate offers to your marketing mix. Think of the courses, services and systems you use and your business. Pick the best ones to promote as an affiliate. Your reputation is at stake, so only promote affiliate products you feel good about. Typical affiliate commissions are 30%-50%.
You can also transform your content into products. Record the webinars you do and turn them into products. Gather a set of your videos and sell them as a course. Put your written content together into an e-book.
One-on-one coaching is another revenue stream you can add to your business. Select a price for your coaching so it's worth your time.
- Make More Money In The Short Term
Marketers in Primerica and similar companies spend way too much time and energy trying to build a long term residual income. And they focus too little on short term revenue. These networkers leave a lot of money on the table.
Long term, you need a big downline to create a large residual income. But only a tiny handful of network marketers ever create a large downline.
Retention is terrible in network marketing. Nearly everyone in your downline will quit in the first year. Focusing almost all your efforts on creating a large downline is NOT the most profitable business model.
Increasing the short term income is much more effective. Short term revenue is the commissions you earn in the first 90 days of acquiring a new customer or a new rep.
There's two basic places you earn income in the short term:
Market affiliate products such as training and systems to network marketers. Earn affiliate commissions on the sale pf these products. The vast majority of your prospects won't join Primerica, and you need to monetize the investment of time you spend with these people.
Selling a high ticket product line is another great strategy to increase your income in the short term. Network marketing opportunities such as Primerica usually pay $50-$100 each time you sponsor a rep.
You can make a ton more money by promoting an opportunity that pays you a $1,000 or more for each new rep. you sponsor. Sell a product line that's higher ticket. Your up-front revenue will increase dramatically.
About the Author:
Ricardo Interpemian has taught thousands of people how to grow businesses like Primerica.