How to turn a business into a well-oiled machine

Every entrepreneur plays the role of a business engineer, for whom the company is a mechanism that requires constant improvement. In a properly constructed device, each part works as intended on the drawing, and deviating from the standards increases the likelihood of failure. In network marketing, this engineer is the TOP leader of the company, who:

- creates instructions on the sales process and team development stages to show newcomers how to work in this field;

- determines the sales plan and develops metrics to assess the effectiveness of each component (in MLM, these are people) and the business as a whole;

- studies the psychology of consumption and the actions of trade agents to make cooperation with the company successful and productive.

The practical experience of our team of developers has allowed us to accumulate the necessary knowledge and share tips with you on how to turn a business into a well-oiled machine.

PLANNING

Planning defines the directions and ways to achieve goals by formulating a development strategy. Business plan- A strategic planning tool and a necessary document for conducting business negotiations. It is a common way to introduce potential investors and partners to your business. In simpler terms, a business plan allows understanding the general state of affairs in the enterprise, showing perspectives, - describing the transition plan from one stage of the company's life cycle to another.

The most important planning factor is financial accounting, namely:

- analysis of the real cash flow and its sources;

- control of corporate expenses;

- characterization of the financial situation of the company as a whole.

Calculation of bonuses and rewards - a key factor in the existence and development of an MLM company. The calculation rules depend on the unique marketing plan.

ANALYTICS

After setting goals, it is important to define the competitive advantages and benefits that the company can offer to customers. Monitor industry news, analyze direct and indirect competitors, identify their strengths and weaknesses.

It is necessary to demonstrate a deep understanding of the company's positions and trends in the niche in which the business must develop and compete.

 

 

It is very important to emphasize the uniqueness or distinctive features of the product or service. It is necessary to show that the product can compete in terms of quality, price, distribution, advertising, and other indicators.

Implementing an analytics system will be an excellent tool for monitoring the situation in the company.

TRAINING

Team members need to be motivated to follow the strategy and work on its improvement. This can be achieved through open discussions of successes and mistakes, giving them a sense of unity and group responsibility for finding effective solutions.

As a training tool, you can use online seminars and webinars. Introduce newcomers to the course, make introductory presentations of new features, share opinions, discuss cases, and promptly respond to questions in real-time.

Step-by-step training with closed access to the next stages will allow providing information in a measured and necessary order. Thus, the result will be better consolidated, and as a result, you will get the maximum benefit from duplication (the principle of "do as I do and teach others to do the same"). The sequence and simplicity of information delivery affect the number of partners who will be able to replicate the actions leading to the result.

It is important to monitor the progress of your partners. In this way, you will assess the effectiveness of training, as their results are an indicator of your work. By orienting distributors gradually increase their productivity and build their own business.

MARKETING PLAN AUDIT

Network marketing business plan (compensation plan) - rules that define the scheme for distributing bonuses to product distributors. It is the foundation and one of the key factors of a network company, the choice of which should be approached with all seriousness.

The MLM company's marketing plan is aimed at:

- Calculation of profit shares from turnover. Errors at this stage lead to disproportionate profit distribution.

- Motivating consumers and partners to make purchases. Wholesale prices, direct and cumulative discounts stimulate the personal consumption of an average person. Distributors receive rewards for increasing turnover and attracting people to the team. Mistakes at this stage make the project completely unviable.

 

 

Audit goal of the network marketing is to assess the reliability, sustainability, and competitiveness of the chosen strategy, identify the strongest positions, and strengthen them.

Experts with experience in network business will advise on how to adapt marketing to the product and niche, how to limit the number of development levels in the structure (to optimize the distribution of commission rewards), develop a plan taking into account the specifics of your company, and promotion to increase sales and network stability.

It is important to take a positive attitude towards the fact that your activities will be analyzed from the outside, as no one can objectively evaluate themselves. If you calmly go through this stage, a professional auditor will help optimize business processes by rethinking and reconstructing them (reengineering).

AUTOMATION

In the dynamic development conditions of MLM, management is one of the few ways to increase the company's competitiveness. Often, network business leaders are burdened with the routine of operational tasks instead of analyzing and optimizing development strategies. An automation system is one of the effective management tools.

Main steps of the company's customer journey:

- initial interaction stage through presentation of the company, its policies, and products;

- identification and attraction of potential partners, followed by their registration in the company;

- ordering products for subsequent resale;

- network business development strategy training;

- event planning and advertising campaign;

- collecting sales statistics and analytics.

By automating these points, you will build a sales funnel (user path) that a potential sales agent goes through from receiving the first information about the company to forming a partnership. A savvy marketer will be able to identify erroneous actions and correct flaws in the funnel's operation. An effective funnel will increase the number of conversions in relation to the number of visits and boost sales.

Automating the business mechanism and its management will improve the company's performance, and partners will become more productive due to quality training and feedback. If you are too absorbed in a multitude of individual tasks, you will inevitably get bogged down in the quagmire of minor matters.

Use your time and financial potential rationally - automate your business and its management.

By carefully planning each stage of business optimization and trusting experts in network marketing, you will save time and money. It is possible to carry out all necessary actions on your own or hire private IT developers, but in that case, there is a possibility that the cost of work will increase and deadlines will be significantly shifted. Experience in developing solutions for network marketing and understanding the specifics of MLM allows to quickly reengineer business processes, increase conversion rates, and enhance the company's competitiveness. Once properly configured, the system can free up your time, rid you of the routine of minor tasks, and multiply the growth rate of the structure.

Sincerely, the team at FlawlessMLM

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