Herbalife Strategic Plan - Steps To Success

Published: 23rd December 2009
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Herbalife independent distributors are earning from product sales and added commissions through multi-level marketing scheme and compensation structure. However, in spite of the many benefits that Herbalife offers, most people who pursue this home-based business opportunity and chose to follow companies recommended 'old school' marketing techniques would struggle, suffer, and fail in their efforts to build significant wealth.

Herbalife distributors are allowed to employ their own marketing tactics and unique methods so they could recruit new down line distributors on their own. In this article we're going to take a look at Herbalife strategic plan which actually makes money and generates a return on investment.

Steps to building a successful Herbalife business:

1. Mindset
It is important that you first get your mindset right and make sure that you treat this business as the Owner, and not the Employee. This means that, as the Owner of your business, you have to have the idea of what exactly you want to achieve, get your goals set up and make no excuses to make that happen.

2. Prospecting/ Closing Skills
You absolutely MUST develop these skills first before you even move any further. Build your primary campaign by creating a prospecting and closing scripts (important!). Then build your confidence and telephone skill-set in the most effective, cheapest and fastest way by testing your campaign on a cold, TARGETED leads.

(You can purchase targeted leads of people interested in weight loss for less than $0.20 per lead, and with Herbalife compensation plan, this price allows most business builders to put themselves into profit quickly).

3. Developing a System
What that means is that you got to know how present your product and services, and have a tested to work campaign which will allow you to train your team and maximize the effectiveness of growth for your business using leverage.

4. Expanding your campaign to the Internet and Off-line Marketing campaigns
This involves creating a website and driving traffic to test your website copy, running advertising and increasing your flow of high-targeted prospects.

5. Building Winning Teams
By recruiting, training and managing a self-managing team you can achieve massive growth in your Herbalife business. Building a strong team of leaders involves knowing in ADVANCE what strategies you're going to teach them, and showing the goals they are going achieve if they chose to join you.

TIP: The first 30 days will determine your retention rate for new recruits - when your new person comes in, its important to have a plan to help them succeed.

6. Maximizing Your Compensation Plan
Make sure you understand your program rather than just accepting graphs and "projected" income. You need to be able to set realistic goals and objectives and know what's reasonable.

7. Tracking Data
Running a business is all about making informed decisions quickly, based on real and up-to-date data. For example: if your sales data is wrong then you will not be able to project your cash flow very accurately. Track your schedule, dials you make, people you invite to take a look at your product and services, people you recruit, finances.

8. Managing Your Time and Increasing Productivity
In order to manage time and increase you productivity successfully, having an awareness of what your goals are will assist you in prioritizing your activities. Developing and maintaining a personal, flexible schedule will also provide you with the opportunity to create a schedule that works for you, not for others. This personal attention gives you the flexibility to include the things that are most important to you.

9. Wealth Management
Once you progress in your business and start earning 6+ figure income you have to understand that in life it really doesn't matter how much money you make - it matters how much you keep. Wealth management can help you determine what's really important to you, then develop actionable strategies to help you realize your most cherished hopes and defend against the things that might undo them.

To Summarise:

Most people who get involved in Direct Selling do not approach their business by following the structure of system that would dramatically increase their odds of success. If you have been trying to grow your business following the 'old school' Herbalife strategic plan, then information found here can be a little daunting at first. But its well worth the efforts.

Study and implement necessary topics and you WILL succeed.

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