Network Marketing Noob

The month is halfway done and the commentating leader has only 4 comments. I guess my fellow blogger vonmer is going to take the prize.

There’s still time left, all you have to do is leave a comment!

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I am currently promoting several online opportunities with the hopes that a few of them will be successful.

Univera Monthly Cost = $300 Last Check = $0 This is my wife’s MLM venture. She does NOT actively promote Univera. We do not spend any money on advertising. We simply “Gift” products to a few people every once in a while.

Xango/MyJetStream Monthly Cost = $269.47 Last Check = $78 ($28 commission + $50 Sold a couple Bottles of Xango Locally) This is my main business. I have spent hundreds of dollars promoting MyJetStream/Xango and have only received one sign-up so far. MyJetStreamHawaii ads are currently on this site and a few traffic exchanges. I decided to stop buying into the advertising coop as I haven’t had a really good return on investment.

EyeEarn/SFI Monthly Cost = $29.95 Last Check = $8.98 I have not spent any money advertising this program, but this opportunity has the highest rate of return so far. The ad for EyeEarn appears on this site and a few traffic exchanges.

MyWorldPlus Monthly Cost = $19.95 Last Check = $2.80 I have not spent any money advertising this program. In fact, the only link I have on the Internet for this program appears on this site. The $2.80 is strictly from “Vertical Acceleration” or a single downline leg. Not one person in my downline was personally sponsored by me (Not yet at least). The cool thing about this opportunity is the discount card. I just received my card yesterday and will be seeing if the card works this weekend.

Success University Monthly Cost = $57.90 Last Check = $0 I spent $100 to place a banner on CWAHM.com. I received 5 leads but no sign-ups yet.

As you can see, some of the business opportunities I am trying require very little work and very little advertising. I would suggest starting with one of these smaller programs before stepping into something more costly such as Univera or Xango/MyJetStream.

I will be running ads on my site shortly to recoup my advertising efforts, and I may dabble in some affiliate marketing.

Today’s Lesson: If you are looking at a MLM / Network Marketing opportunity, try a low cost opportunity first to get your feet wet, then step up to more costly opportunities.

A couple of weeks ago I received an offer via email for “pre-release” access to Magnetic Sponsoring’s Pay Per Click (PPC) Domination.

I had tried PPC a few months ago. I spent about $80 and received 6 leads, so I gave up and vowed never to try PPC again.

All I can say is, “Never say Never”.

Only 250 copies of PPC Domination were sold in the pre-release for $197, and I got one.

The course consists of a few PDFs and 14 videos. I have watched five videos so far, and I have to say I am thoroughly impressed and happy that I made the purchase.

After only 2 days with live ads, I have 4 leads and only spent $14. I am already doing better than what I did on my own.

The Videos I’ve Watched So Far:

Foreword (15:06) - “Who’s Jim Yaghi and why is he qualified to show you the ropes with PPC?”
Jim is the #1 Affiliate for Mike Dillard’s Magnetic Sponsoring

Video 1 (13:37) - “Introduction: The Sales Funnel”
Prospecting is illustrated as a funnel in which a large amount is introduced at the top, and then gets smaller toward the bottom as prospects become qualified.
Intro to terms:
Lead Generation Page = Grab Attention, offer something in return for their name and email address.
Autoresponder = Automates the sending of emails to prospects.
Funded Proposal = Low Cost Product to Recover Cost of Advertising.

Video 2 (12:39) - “The Perfect Prospect”
There are three types of prospects:
1. People looking for information to solve a problem.
2. People who buy a similar product.
3. People looking for a product by name.

In MLM / Network Marketing terms:
1. People looking to solve a money problem.
2. People in a competing MLM. People looking for a mentor.
3. People looking for a specific opportunity.

Video 3 (19:18) - “Domain Names: Getting Your Internet Street Address”
Mistakes to avoid when buying a domain name. Brainstorming domain names.

Video 4 (25:20) - “Landing Pages: How to Create a Welcome Mat that Turns Visitors into Friends”
Learn the different parts of a landing page, and how to forward your generic URL to your new domain.

I’m borrowing this idea from ColinKlinkert.com. I’m a few days late, but it’s my site!

The Top Commentator for the month of November is going to win $50. It’s not that much, but it’s CASH!

All you have to do is post good relevant comments or questions. You can use this post if you have a general comment/question about my site. PLEASE, NO SPAM! I will delete comments/questions that I believe are SPAM!

Comments I consider as SPAM:
Good Post!
Yeah, I agree.
Check out my site www.?????.com.

How can you turn the above comments into good comments?
If it’s a “Good Post”, tell me why?
If you agree with me, tell me what point you agree with.
If you want others to visit your site, list the relevance of your site. How does it relate to my post, and how can they benefit. I don’t mean place an ad as a comment.

Top commentators will have their name and link displayed in the sidebar, and the top commentator for the month of November will win $50.

I received great tips and comments when I commented on Colin’s site.
I want more advice, and I NEED MORE TRAFFIC!

Need ideas?
What do you think of my site?
Is my site too busy?
Should my posts be shorter or longer?
Have you tried any of the items on this site?

The winner will be notified via email, and payment will be made via PayPal.

Here is a quick update on my advertising efforts, as of 11/3/08 07:30 PM HST.

Total Contacts - 103
True Wealth Magazine - $150 - 23 Contacts (6 New)
Shoemoney Ad - $350 - 13 Contacts (2 New)
BizOpZine.com - $29 - 0 Contacts
FreeTrafficBar.com - $19 - 1 Contact
TrafficSwarm.com - $0 - 2 Contacts (1 New)
AdMinder.com - $89 - 7 Contacts
MLMLeadGenie - $79 - 25 Contacts
HBC Ad - $250 - 27 Contact (23 New)
Unknown - ??? - 4 Contacts (3 Deleted)
Blogpost - $0 - 1 Contact

Unsubscribed from the Email - 25
True Wealth Magazine - $150 - 5 Contacts
Shoemoney Ad - $350 - 6 Contacts
BizOpZine.com - $29 - 0 Contacts
FreeTrafficBar.com - $19 - 0 Contacts
TrafficSwarm.com - $0 - 1 Contact
AdMinder.com - $89 - 1 Contact
MLMLeadGenie - $79 - 5 Contacts
HBC Ad - $250 - 6 Contacts
Unknown - ??? - 1 Contacts

Unconfirmed Leads - 11 (Signed up, but did not login)
True Wealth Magazine - $150 - 3 Contacts
Shoemoney Ad - $350 - 0 Contacts
BizOpZine.com - $29 - 0 Contacts
FreeTrafficBar.com - $19 - 0 Contacts
TrafficSwarm.com - $0 - 0 Contacts
AdMinder.com - $89 - 0 Contacts
MLMLeadGenie - $79 - 7 Contacts
HBC Ad - $250 - 0 Contacts
Unknown - ??? - 1 Contact

I received one sign-up via the HBC Ad.

The biggest waste of money was the Shoemoney ad. The ad brought in many contacts, but most were just curious to see the information.

The next biggest waste was the Adminder ad. Most of the prospects via the Adminder ad left a phony telephone number, which already tipped me off that the people responding were not really interested. On a side note, I tried using Adminder for other opportunities (Success University one month and EyeEarn.com for another month), both received only 1 or 2 leads. DO NOT use Adminder!

The next waste of money was the purchased leads. I thought it would be different because MyJetStream recommended the company, but I should have listened to almost every other site that said, “don’t buy leads!”

Today’s Lesson: Don’t reinvent the wheel! Advertising is not cheap! Test your advertisements before trying more expensive advertising methods.