Professional Documents
Culture Documents
Tieu Luan Bao Hiem
Tieu Luan Bao Hiem
Various Compensation plans like unleveled plans, binary plans are used by firms
now-a-days for MLM. There are many firms which uses MLM to sell their product.
Some of them are Amway, Medicare, Angel etc. Most networking firms deal in
physical goods initially but due to its advantages it is now also used by, websites
services, educational courses etc. Max New York Life is one such firm which is using
MLM Model in insurance sector. Amway which has made MLM famous at least in
India is also now entering into Insurance sector by using MLM Model. MLM is also
used by websites particularly job sites. Reffster.com is a reference based
recruitment firm which offers cash for candidates successful recommendation.
Nhiu k hoch bi thng khc nhau nh k hoch khng bng phng, k hoch
nh phn c s dng bi cc cng ty ngy nay cho MLM. C nhiu cng ty trong
s dng MLM bn sn phm ca h. Mt s trong s l Amway, Medicare,
Angel vv. Hu ht cc cng ty mng kinh doanh hng ho vt cht ban u bi v li
th ca n cng s dng, dch v trang web, cc kha hc gio dc v..v. Max New
York Life l mt trong nhng cng ty nh vy c s dng MLM m hnh trong lnh
vc bo him. Amway lm MLM ni ting t nht n cng c ti bc vo
lnh vc bo him bng cch s dng MLM Model. MLM cng c s dng bi cc
trang web c bit l cc trang web vic lm. Reffster.com l mt tham kho da
trn vic tuyn dng s thng tin mt cho vic gii thiu thnh cng ng c vin.
MLM is particularly useful for small firms as it provides a cheaper and effective way
to promote and sell product. MLM also offers an easy way to sell product for
distributors, as it is easy to sell to whom one knows rather than selling to unknown.
MLM due to its huge potential is now commonly used. However image of MLM has
been tarnished by similar schemes such as pyramid scheme which is illegal. MLM is
also often as get rich overnight opportunity, which is not so as it requires a lot of
hard work. Also there is always a risk associated with MLM that it may destroy
presonal relationship.
Still the future of MLM is very good as MLM firms are growing and expanding in rural
areas also.
Parties Involved in MLM in insurance sector.
MLM company or corporate Agent or Direct Agent.
Those company carryout to sell the product of insurance companies is called as
multi-level Marketing company.
Agent
Agent is to sell the product of insurance companies to customer by the multi-level
Marketing company.
Customer/policyholder/insured
Customer is to buy the insurance policy under the chain of multi-level marketing.
MLM Companies involved in insurance sector
NR Insurance india Ltd in case of LIC (it is not now at present)
Team life care insurance india ltd in case of bajaj alliance insurance.
Role of MLM in insurance
multi-level Marketing (MLM) is embracing more and more arenas today. Insurance
business is just one among them. Selling insurance policies, traditionally, is
considered as a de-motivating and dragging job. Well, not until you discover the
power of MLM to boost policy sales. With the competition heating up in the
insurance sector, companies are looking for innovative methods to spread the
message and garner maximum business in shorter time. Many local MLM companies
like NR insurance India Ltd in case of LIC and team life care insurance india ltd in
case of bajaj alliance insurance having quite large spread in the market are joining
hands with leading insurance brands to promote their products along with and
assortment of their own products. Insurance sector makes available long term debt
for the economic development of the country. At the same time, the MLM route
provides employment opportunities to lakhs of people and enhances their social
status. The MLM members also get tremendous opportunity to develop themselves
personally. This multiple role of MLM companies can be looked at as a social
contribution and these companies or cooperatives are emerging as a development
oriented social movement. It is just be a policyholder, bring policyholders. MLM can
play an increasing role by creating jobs and mobilizing long term funds. MLM plays
vital role in insurance sector by making quality products and innovations,
employment generation, social contribution, product reachable etc. MLM was
introduced in insurance sector nearly 2004. After introducing it in MLM, LIC has
earned tremendous profit.
Youre excited. This is a great product, but even better yet, can you believe what
they pay? All I have to do is find three people who will run with this and Ill be rich.
Lets do it!
So begins the journey of the new Network Marketing recruit.
Your Warm List
This is Plan A. OK Bob (or Barbara), here is what I want you to do. Make a list of 100
people you know or have ever known. Check out your Christmas card list, your
personal phone directories, put down all your siblings and cousins, and dont forget
your co-workers.
When you come on board a new MLM company, you are generally asked to compile
a list of 100 people and then, with the help of your up-line, you call these people
and attempt to get them into your business. So, you contact them and ask them to
listen to a CD or watch a DVD or perhaps come to an opportunity meeting.
This is very similar to the way insurance companies work. They also ask their new
reps to compile a list of 100 names and make appointments in an attempt to sell
lifeinsurance. When a sale is made an effort is made to get another list from the
new client and continue the process. Generally this lasts about one year and by
then the newinsurance rep runs out of names and they find that they are no longer
making any sales. About this time the draw dries up and then the new agent is
called into the office and receives a lecture about how this may not be the right
business for you. Of course new insurance reps are being added all the time so the
100 name lists continue to be worked until those names are exhausted also. It then
becomes their time to hear the this may not be the right business for you lecture.
This is how insurance companies work. Its how all MLM companies work as well.
97% of all excited new insurance company and MLM company reps will exhaust
their lists and be out of the business in a year or two.
The Three Foot Rule
But dont worry, we have Plan B. This rule goes like this: if there is a person within
three feet of you and they are breathing, then they are a prospect and should be
approached in some way. One major problem here is the difficulty of motivating a
stranger to take action. It rarely works. But you can always talk to the waitress or
waiter at your favorite restaurant. Very often, however, there is often a good reason
they are a waitress or bus boy or whateverif you follow my drift. They are simply
not the best prospects for business ownership.
Social Butterflies
But all is not lost; there is Plan C. This is the Social Butterfly plan. Social butterflies
are the people that never meet a stranger. They go to a restaurant and before they
get out the door, three or four friends come by and say hi. They are wonderful
friendly people and the world could use a few million more like them. They recruit a
lot of people. The only problem ismost of their recruits are not social butterflies
and their businesses stall.
The Common Denominator
There is a common denominator in these three plans. Those that make it in
building their own MLM business using these plans have one thing in common; they
all have an unlimited supply of new leads they can work. Here are some examples
of big time MLM successes.
Physicians
Chiropractors
Physical Therapists
Massage Therapists
Dentists
Veterinarians
Optometrists
Counselors
Beauticians
Barbers
Lets expand on this a bit. What do these and similar people all have in common?
They all have a continual flow of trafficleadsinto their office. The basic criterion
for success isan ongoing and unlimited supply of leadscoming to you! If you
dont fit one of the categories above, then what do you do? Are you going to be a
part of the 97% that just dont make it?
According to industry statistics, 97% of MLMers not only fail to reach their dream of
achieving financial independence, they become so discouraged by the hardships of
recruiting others they quit.
The Conclusion
The ability to recruit people easily and early is THE key factor to retention, building
a massive downline and, ultimate, financial success.
It's the determining difference between a healthy, thriving and growing Network
Marketing business and one that diminishes, sputters and finally quits.
So, how are you going to proceed to make it in your new MLM business? You want to
be a part of the 3% not the 97%.
There appear to be an unlimited amount of business opportunities on the Internet
today. No doubt many of them are legitimate and a few potentially rather profitable.
You and a Spoon
Let me explain what that means to you. Again, imagine yourself standing with a
spoon in your hand on a plot of ground that you know for a fact has millions of
dollars of gold in it, somewhere, deep down. What you have here is a business
opportunity but not much in the way of tools to exploit that opportunity. How much
are you likely to make with this opportunity? I would think little or nothing. The
problem here is not the opportunity, its the tools.
The right tools can turn even a moderate gold mine into a million dollar business.
And poor tools can turn a bonanza into nothing. Its all about tools.
It helps to get a good picture of this in order to bring business business
opportunity into perspective.
Whats Needed for Success?
Let me suggest Plan D. Plan D is the creative use of the Internet to produce an
unlimited supply of leads coming to youdaily.
I dont know how to do that. You dont need to. What you need is to partner with
someone who does know how to do that. You see, in the MLM business, the person
that recruits you into his Network Marking business cant make a dime unless he
makes a success out of youhence, the need for a Coach. And in the MLM business,
the coach works for free! .
Partner up with a team that knows how to recruit using the Internet and they will be
thrilled to help you do the same. Remember, one of the really fascinating things
about this business is this: if you dont make money, neither will your coach.
Y s nhn khoa
Nhn vin t vn
Lm p
Th ct tc
Hy m rng mt cht. Lm nhng g v nhng ngi tng t nh tt c u c
im chung? H tt c u c mt dng chy lin tc ca giao thng-dn-vo vn
phng ca h. Cc tiu ch c bn cho s thnh cng l mt ngun cung cp lin
tc, v khng gii hn cc dn-n vi bn! Nu bn khng "ph hp vi mt trong
cc loi trn, sau bn s lm g? Bn s l mt phn trong s 97% m ch cn
khng lm cho n?
Theo thng k ca ngnh cng nghip, 97% ca MLM'ers khng ch tht bi trong
vic t c c m ca h t c s c lp v ti chnh, h tr nn qu
chn nn vi nhng kh khn trong vic tuyn dng nhng ngi khc h b thuc
l.
Kt lun
Kh nng tuyn dng ngi dn d dng v sm l yu t quan trng THE
duy tr, xy dng mt tuyn di ln v, cui cng, thnh cng ti chnh.
l s khc bit gia vic xc nh lnh mnh, thnh vng v pht trin kinh
doanh Network Marketing v mt trong gim i, sputters v cui cng l tha.
V vy, lm th no th bn s tin hnh lm cho n trong kinh doanh MLM mi
ca bn? Bn mun tr thnh mt phn ca 3% khng phi l 97%.
C l c mt s lng khng gii hn ca kinh doanh "c hi" trn Internet hin nay.
Khng nghi ng g nhiu trong s h l hp php v mt vi kh nng thay c li
nhun.
Bn v mt Spoon
Hy ti gii thch iu c ngha l bn. Mt ln na, hy tng tng mnh
ang ng vi mt mung trong tay ca bn trn mt l t m bn bit mt thc
t c hng triu la ca vng trong , mt ni no , su xung. Nhng g bn
c y mt "c hi kinh doanh", nhng khng nhiu trong cch cc cng c
khai thc c hi l. Bao nhiu l bn c th thc hin vi c hi ny? Ti s ngh
t hoc khng c g. Vn y khng phi l c hi, l cc cng c.
Cc cng c bn phi c th bin ngay c mt m vng va phi vo mt doanh
nghip triu la. V cc cng c ngho c th bin mt mnh t mu m thnh
khng c g. l tt c v cc cng c.
N gip c c mt hnh nh tt v iu ny mang li kinh doanh "c hi
kinh doanh" vo quan im.
C g cn thit thnh cng?