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Making money with social networking sites
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work2bfree
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 Posted: Wed Feb 27th, 2008 02:34 am

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Major Networking sites are nothing new. Personal Profiles filled with information and gossip are rampant on the internet and in the life of many of today’s university and college students.

Larger corporations with lots of cash to spend on advertising can definitely take advantage of the large public obsession of these networking sites and can collaborate with the big guys to advertise directly on the website itself. Large social networking sites can take your companies name and make sure those who are most age and hobby appropriate for your company see that name.

Network Marketing is possible even if you don’t have piles of money to hand over. However, there is another aspect of networking which the media and general public has not latched onto as strongly- networking communities that are oriented around extremely targeted interest groups are popping up everywhere. Just a few that I found were a penguin group, a Vietnamese models group, and a society of Paul Bearers. What does this mean for you as an advertiser? It means you have a powerful marketing tool!

By joining specialized groups whom are your target market, you have access to the popular opinions, desires, and thoughts of your target audience to take the place of or at least to supplement your surveys and market research and, if not to advertise directly [depending on the network’s policies] than at least to bounce ideas off of and more thoroughly understand the target group’s mindsets.

Advertising does not always need to be point blank, either. As you delve into social networking sites which entertain the thoughts of your ideal network for marketing, you will develop relationships in which you can mention what you do for a living and what you can offer to your new friend. Engage, advertise, and socialize within an online social network that is passionate about what you have to offer, and you have an open market just waiting to buy.



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Lawren

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bellabuddy
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 Posted: Fri Feb 29th, 2008 08:56 pm

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Yes this is true. I love social networking. It is a great place to build relationships with people in your target market.



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Closed_lips_open_mind
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 Posted: Sun Mar 2nd, 2008 11:01 pm

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    I recently started marketing one of my services on myspace and I’ve gotten 30-40 hits A WEEK to my website through the redirect that I set up on my profile. The profile itself is growing like crazy, I started using it for my business almost two weeks ago and I already have over 3 hundred friends. Also it has gotten a little over five hundred hits, but for some reason I can’t get these people to follow the link to my website. The traffic that I’m getting is targeted, so I know that it relevant to the people viewing it.
 
So if anyone out there has any advice on how to remedy this problem please post.

P.S. The other methods I learned from a couple of online courses I took are working quite nicely but I feel that myspace is an untapped resource that could greatly increase my traffic.

Last edited on Sun Mar 2nd, 2008 11:05 pm by Closed_lips_open_mind



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work2bfree
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 Posted: Tue Mar 4th, 2008 02:22 am

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Yes, social networking sites are good places to connect with people.  You can do a google search on the top 100 social networking sites.  This list should keep many people busy.



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Lawren

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whoislouriley
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 Posted: Mon Mar 17th, 2008 01:22 pm

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Have you spoken to each of these 300 people, added value, built a rapport and converted them into sales?  Social Networking is an excellent means to building a relationship with real people.  It is very easy to focus on building a large friend list on sites like MySpace.  I was guilty of this myself.  I learned how to use MySpace to qualify people before I accepted their friend request.    As my grandmother used to say, "Son, everyone's not your friend." 

Closed_lips_open_mind wrote:     I recently started marketing one of my services on myspace and I’ve gotten 30-40 hits A WEEK to my website through the redirect that I set up on my profile. The profile itself is growing like crazy, I started using it for my business almost two weeks ago and I already have over 3 hundred friends. Also it has gotten a little over five hundred hits, but for some reason I can’t get these people to follow the link to my website. The traffic that I’m getting is targeted, so I know that it relevant to the people viewing it.
 
So if anyone out there has any advice on how to remedy this problem please post.

P.S. The other methods I learned from a couple of online courses I took are working quite nicely but I feel that myspace is an untapped resource that could greatly increase my traffic.



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work2bfree
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 Posted: Wed Mar 19th, 2008 02:31 am

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I don't participate in social networking sites just to build a database of friends.  Most of the times, what I do is share or help others in some way by offering them some useful suggestions or comments. 

This help I give to anybody who is interested.  This too is a good way of connecting with others.  Because I offer help, suggesions or comments, I have had people pm me asking for more help and even inquiring about my business.

Also, social networking sites are a good way to get you and your business out there. The personal information talks a little about the business but I also try to share some interesting personal facts about me, who I am.   I try to be more personable so that others are not offended by the "get them in the deal" that runs rampant in many forums and social networking sites. 

It seems to be working, but even when it doesn't I do get a lot of comments from others who have stated that what I posted or shared was very thought provoking.  Such comments make me realize how much I have grown because not too long ago I was a newbie on the internet and I was very intimidated by the arena.  Many people can be cruel and I have had to learn that one just has to develop a thick skin.



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Lawren

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chucks
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 Posted: Wed Apr 9th, 2008 12:28 am

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I have seen many roadblocks on this lately, it seems places for social sites do not want them used for business reasons. Can anyone verify this, I have been finding some say yes, some say no and can not get a definite answer anywhere.

work2bfree
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 Posted: Wed Apr 9th, 2008 03:25 am

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Yes, there are some that do not allow you to promote your business.  But, it is still a good way to build relationships.  What I do is establish a repport with people within a social networking site. Once this happens, trust and even friendships quickly develop. At this point, you can share with them your business opportunity, or they may even inquire all on their own. 

Building relationships is key to building a successful business.  It does not matter whether you are using the internet to build an online business or your are building a business offline.  You cannot accomplish success unless you somehow communicate with others and focus on building a relationship with them.



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Lawren

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PMHayes
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 Posted: Thu Apr 10th, 2008 05:35 pm

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Are you talking about news groups, here? Or are you talking about online communities such as myspace or facebook?



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work2bfree
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 Posted: Thu Apr 10th, 2008 08:11 pm

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I am referring to online communities PMHayes.  I am fairly new to the network marketing industry, so I am not yet familiar with all the various aspects of networking on the internet. Could you please tell me what a newsgroup is?



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PMHayes
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 Posted: Thu Apr 10th, 2008 09:08 pm

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They are online communities organized around a common interest, sharing news on those interests. So, you are new to MLM, or to Online marketing?



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work2bfree
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 Posted: Thu Apr 10th, 2008 10:51 pm

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New to online marketing. 

I was involved in an MLM for about almost 4 years, but then my upline left as well has his upline and so on and so forth.  Inevitably, my group fell apart. 



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PMHayes
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 Posted: Fri Apr 11th, 2008 01:47 am

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That kinda Sucks, Lawren. I have had a downline leg evaporate on me before, but that's not too hard to recover from. An upline disappearing, that would be tough. What business was that?



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work2bfree
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 Posted: Fri Apr 11th, 2008 01:59 am

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It was Herbalife.  I guess I could have gone further up the chain but at this point, I was frustrated with trying to market a health and wellness business that required people having to make changes in their lifestyle that took too much effort.  It just seemed that everything else that requires work on people's part, they did not want to do the work to get the results. 

I don't understand this kind of mentality, most times in life, if you want something to happen, like losing weight, a better paying job, or a successful business, you are going to have to make it happen.  Yes, often it means work and possibly a lot of it. 

Because so many people don't want to make things happen, this is probably why so many people fail at so many things.  I wanted to lose weight.  I weighed close to 200 pounds.  I am 5'8 1/2 inches tall.  I lost almost 50 pounds.  Did it require work? Yes, but I was tired of looking at what I considered a fatso everyday and whining about why I can't find a boyfriend.  This was eight almost nine years ago.  I still kept the weight off and my boyfriend and I have been together for about 5 years now. 

If you want something better in life, go get it.   Work hard and you will succeed and if you don't at least learn from the experience and do it again using what you learned so you don't make the same mistake. 

Success is inevitable for those who are willing to sacrifice, work hard, fail, make mistakes, and move forward.  Doing a little or doing nothing gets you just that, a little or nothing.  A better way of putting this is you reap what you sow. 



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PMHayes
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 Posted: Fri Apr 11th, 2008 04:58 am

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I must say i agree whole heartedly. My signature file says it all. Nothing of value, certainly nothing of lasting value ever happens by accident. One person put it another way, "the definition of insanity is to keep on doing the same things expecting a different result." I like the biz i am in now, because it is set up to work passively (just by investing in the company one can reap profit sharing rewards) or actively (recruiting, selling, etc.). I can offer that person who does not want to sell, recruit, talk to people, etc. a way to earn on the whole company, and i can offer that person (like me and it sounds like you, as well) who will do the things that have to be done to grow a profitable business, an even greater financial reward.

The thing that bugs me, is, how can an entire upline just evaporate? I suppose it must have happened from the bottom up, like someone above you bailed, then someone above them, and so on and so forth. Did the downline not just roll up to the next person above the one who quit? That's just too wierd. Herbalife had good products, i have used them in the past, a long time in the past, mind you. I never considered becoming a distributor, though i knew one or two. I don't know how good or not so good the compensation plan was. My friends make a little money, not a ton, but not bad, either. But they were in it primarily to use the products.

I think another thing that causes businesses to evaporate is saturation.  Once you reach a certain point, there are so many of you around, the market share begins to diminish rather significantly. Case in point - Amway. In it's day, that was one heck of a good opportunty. I know people who became very wealthy with Amway. But as it became more and more a household name, fewer and fewer people were making the really big money. My stock broker friend says, "the time to be on the corner is when very few people are there, and the time to get off is when it becomes crowded!" He's right. Every company, MLM, Corporate America, whatever goes through a growth curve. The trick is to find the one that is just about to or is just in the very beginning stages of hitting it's accelerated upward curve. I think, for once, after trying several times, i have finally accomplished that. We'll see.

 I think i have gotten "off point" as my old Philosophy professor used to say. The point was, if i can even remember it now, upline evaporation. Sounds like some kind of meteorological term, doesn't it? Today the high will be in the low 60's and dry because of massive upline evaporation, LOL. Oh well, i better stop before this degenerates into what my wife calls a bunch of nonsense, or what my dear old philosophy professor would call unitelligible psychobabble.



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work2bfree
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 Posted: Sat Apr 12th, 2008 03:36 am

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I am not sure what happened.  No one would talk about it much to many people in the downline.  All I know is that I had a sponsor I would regulary talk to and the next thing I knew, he disappeared and I have no clue what happened. 

His upline jumped and went to another company.  I forget the name of it, but it is a popular one.

The top of our upline, who is a chairman, was diagnosed with breast cancer and had gone into semi-retirement.  I don't know who was in our upline.  I know one person, who was below the chairperson, was supposed be getting things rolling, but I have no clue where that went. 

It just got too confusing and I was tired of the lack of support or direction.  I was also not ready to take the lead.  I still had not developed any leadership skills, too shy and introverted.  I am just now starting to blossom and become more outgoing.

PMHayes, you sound like someone who has a lot of experience in the field of marketing and owning your own business.  Have you achieved success yet or are you still working on this?



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Lawren

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PMHayes
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 Posted: Sun Apr 13th, 2008 03:24 am

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I am very successful, not only monetarily, but personally. I think this business does a lot to help one grow as a person, as well as financially. I have failed miserably in the past, and have learned from those failures. Some reasons for failure are beyond ones control, such as poor upline support, lack of training, product cost, etc. Most people fail in MLM due to poor upline support, and insufficient training. I make it my aim to do both well for my downline. The things we can control are our own actions, getting out there and talking to people, following up with prospects, downline, etc., personal development, education and product knowledge, and so forth. You have to talk to a lot of people about your product and your opportunity. You have to be willing to hear the word no. You have to be able to handle objections. You have to know how to "invite" (see Tim Sales' Become a Professional Inviter). You have to have a thick skin. It takes time patience and making a lot of mistakes to get to where you are good at all of the above. Most people who fail never make it through that gauntlet. If they had better support and better training, more of them would.



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Philip Mitchell Hayes
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PMHayes
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 Posted: Sun Apr 13th, 2008 03:29 am

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One last comment. MLM is very simple. It's NOT easy, but it is very simple. It's a numbers game. Get the opportunity in front of enough people to find that handful of individuals who will duplicate what you are doing. MLM works. I get sick of all the internet  articles and blogs that say MLM is dying, it won't work. Wilbur and Orville wright must have gotten sick of all the people who poo poo'd on their dream. Or how about Thomas Jefferson, he must have had numerous nay sayers. I'm glad he didn't listen, or i would not be typing these words into a couputor. I would be scribbling on a piece of parchment in candle light, and, well, you get the picture.



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Philip Mitchell Hayes
Nothing of lasting value in life happens by accident. Chart your own course!
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learntosucceed
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 Posted: Mon Apr 14th, 2008 01:40 pm

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To closed lips- "Also it has gotten a little over five hundred hits, but for some reason I can’t get these people to follow the link to my website. The traffic that I’m getting is targeted, so I know that it relevant to the people viewing it.
 
So if anyone out there has any advice on how to remedy this problem please post."

Have you stopped to communicate with any of these 'friends'?  People collect 'friends' on social networks for several reasons.  Unfortunately sometimes the biggest reason is 'status' in how many friends they can have.

If you believe you are getting targeted traffic, but they are not going through to your link, then maybe it is time to consider building a relationship with some of them.   Send a message back thanking them for their friendship and asking them what drew them to your page?

Was it your picture, was it the message, what was it?  If we simply request and accept friends and then expect our business to grow on that basis, we are setting ourselves up for a fall.   I've heard network marketing termed as a 'relationship business', a 'contact sport',  a 'meeting of like minds', etc..... key here is relationships - contact-like minds. (my opinion).

Bottom line - If you want to know why you're not getting visits to your website, then you're gonna have to ask and the best ones to ask are those 300+ friends.





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 Posted: Thu Apr 17th, 2008 02:26 pm

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I think Social marketing is very hit or miss. I think it really depends on the subject matter.



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