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E-Folder - Home Base Network Marketing Why Only the 5% Succeeded ?
There are typically two primary reasons why people fail in a network & affiliate marketing
business... These are of course, after you kick out the tire-kickers, looky-loos, lazy bums,
dreamers, excuse makers, whiners, and complainers. In other words, the quitters.
Network marketing is a busin
Network marketing is a busin
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
ess of business ownership, pursued by people who have never
been business owners!
It's a business of marketing and training pursued by people who have never marketed or trained!
So, back to our two reasons for the hard-working, dedicated brothers,sisters,father and mother of the wonderful in
It's a business of marketing and training pursued by people who have never marketed or trained!
So, back to our two reasons for the hard-working, dedicated brothers,sisters,father and mother of the wonderful in
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
dustry...
1: They start on a limited budget from the 'Jelly bean jar', and they run out of money before they have a chance to build an organization.
2: They make their list of 100 warm market contacts, run through those, and then they are out of people to talk to. (And out of money to advert
1: They start on a limited budget from the 'Jelly bean jar', and they run out of money before they have a chance to build an organization.
2: They make their list of 100 warm market contacts, run through those, and then they are out of people to talk to. (And out of money to advert
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
se).
Those are the 'biggies'.
But it don't have to be that way, IF, they simply used a complete business model.
Let me explain...
Take a look at McDonald's. They are a Billion Dollar franchise. The most successful and duplicated business model in the world. And one that happens to be run by
Those are the 'biggies'.
But it don't have to be that way, IF, they simply used a complete business model.
Let me explain...
Take a look at McDonald's. They are a Billion Dollar franchise. The most successful and duplicated business model in the world. And one that happens to be run by
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
teenagers
,college drop-outs and retirees!
How? Why?
The answer can be found in the system that makes up the foundation of the franchise.
Do you ever feel like you bought a business in a box, but that a few parts might be missing? You know... The pieces that actually turn your actions into
How? Why?
The answer can be found in the system that makes up the foundation of the franchise.
Do you ever feel like you bought a business in a box, but that a few parts might be missing? You know... The pieces that actually turn your actions into
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
"production".
Well, if you feel like that, it's because you're right.
Ray Kroc, the franchise master of McDonald's was a genius in more ways than one.
MLM & affiliate marketing has been compared to a McDonald's franchise in many ways, on many occasions. If you haven't come across these compa
Ray Kroc, the franchise master of McDonald's was a genius in more ways than one.
MLM & affiliate marketing has been compared to a McDonald's franchise in many ways, on many occasions. If you haven't come across these compa
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
risons before, I'm sure you can
quickly think of a few on your own.
Here is what you may not have realized about Ray, McDonald's, and your business... Ray's primary mission was to sell McDonald's franchises to franchise buyers
Pretty simple.
Our job as networkers is no different. We sell ou
Here is what you may not have realized about Ray, McDonald's, and your business... Ray's primary mission was to sell McDonald's franchises to franchise buyers
Pretty simple.
Our job as networkers is no different. We sell ou
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
r franchise opportunity to others, and
collectively market the product to the end consumer.McDonald's food sucks. It's about as far from
good, fresh, quality food that you can get.
Yet it's the largest and most successful franchise and fast food restaurant in the history of human kind. How i
Yet it's the largest and most successful franchise and fast food restaurant in the history of human kind. How i
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
the world is that possible!? How can you become #1, by selling an inferior product?!
It goes against everything we think we know about business.
Well, this is exactly where the genius of Ray Kroc becomes apparent.
Ray knew the product wasn't going to be the initial key to success for his fra
Well, this is exactly where the genius of Ray Kroc becomes apparent.
Ray knew the product wasn't going to be the initial key to success for his fra
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
nchise buyers,
just as your product is not the initial key to your success in your MLM or affiliate business.
Having a good product is important after the fact...Once you actually have customers. Then it's critical
to give them the best product possible.
The key to McDonald's success with bo
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
h franchise owners and customers, was their duplicatable system.
Ray sold them EXACTLY what they wanted,which wasn't a restaurant, but a machine that acquired customers, and turned them into cash.This is what all our friends or your prospect wants. Don't sell them the food,product or courses.
Ray sold them EXACTLY what they wanted,which wasn't a restaurant, but a machine that acquired customers, and turned them into cash.This is what all our friends or your prospect wants. Don't sell them the food,product or courses.
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
Introduce them a system that generate money like McDonald.
In fact the system was so fine-tuned, that you could take a team of unskilled, inexperienced high school kids, and have them run the show.All they did was train each other on how to flip the switches, that ran the machine, which did
In fact the system was so fine-tuned, that you could take a team of unskilled, inexperienced high school kids, and have them run the show.All they did was train each other on how to flip the switches, that ran the machine, which did
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
the majority of the work behind the scenes.
The competition didn't stand a chance. Ray's system was like a greased chute. You turn it on, and it churns out a predictable end result every time.
So, as a network marketer, selling a business franchise, what are you selling to your potential buyer
So, as a network marketer, selling a business franchise, what are you selling to your potential buyer
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
?
Unfortunately, you are probably trying to sell them on your company and your product. (A"mine-is-better-than yours-burger-with all the trimmings").
Am I right?
Be smart.
Do what Ray did. People get rich in this world by solving other people'sproblems, and when you sell someone your oppor
Am I right?
Be smart.
Do what Ray did. People get rich in this world by solving other people'sproblems, and when you sell someone your oppor
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
tunity, you are not solving a problem, you are giving them a BIGGER ONE!!!
"Yeah now you got yourself the hottest program in the industry! (Slap on the butt), Now go get'em tiger!"
Product and comp plans don't make you successful. Systems do. And when I say systems, I mean a COMPLETE system w
Product and comp plans don't make you successful. Systems do. And when I say systems, I mean a COMPLETE system w
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
ich includes the pieces that
bring in your customers (ads), sell them your product (marketing), and then train the new business owners, and develops the relationships within the them.
These machines (ads and marketing) should be doing the work for you. All you need to do is push the 'Go Butto
These machines (ads and marketing) should be doing the work for you. All you need to do is push the 'Go Butto
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
n' and become buddies (customer service,cashiers) with the folks who come through the system.
Not because you are unskilled or lazy, but because a system is duplicatable and you are not.
Your job is not to sell, but to BUILD RELATIONSHIPS,because THAT is they glue that binds this industry.
Ta
Your job is not to sell, but to BUILD RELATIONSHIPS,because THAT is they glue that binds this industry.
Ta
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ke this advice to heart:
A system that is not backed up and glued together by a heart, by people, by relationships, is a ticking
time-bomb.
Show them and sell them a system for attaining the results they want, be a mentor, friend, and a coach,
and they could care less about ORAC values, pri
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
e points, and competition.
Let me share with you I bring people every week into my business, and they have NEVER even seen a company/opportunity overview!
That happens because I don't sell them on the business. I sell them on me, our team, our system
first (because these are the ONLY things t
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
hat will bring results), and THEN, I sell them on the company...
(Or should I say that I allow them to sell themselves on the company).
Solve their problem with your system and with your leadership. Do these two things, and you will reap success beyond your wildest dreams. See you at the Top
Solve their problem with your system and with your leadership. Do these two things, and you will reap success beyond your wildest dreams. See you at the Top
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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