Home Based Business Leads – 3 Simple Ways To Get More Network Marketing Leads From Free Methods!

In any business that you are part of, having the ability to generate a steady flow of new customers is essential. Nowhere else is this more pivotal than in network marketing. If you are going to be successful in this type of business you have to be able to generate home based business leads from multiple sources. Below you will find my top three favorite ways of generating network marketing leads for free. Yes you can use pay methods, but when you are spending a dime and still getting a good amount of leads on autopilot, it’s a pretty nice situation.

One of the best ways to get business opportunity leads is through content generation. Usually this comes in the form of what is called article marketing. Third many different article directories that are more than happy to take your content and put it up on their website. The more places you have your articles the better chance you have of people seeing them. This strategy can be highly effective for building MLM leads if you are consistent with your writing.

Another good form of lead generation that won’t cost you a dime is called blog commenting. This is where you visit other peoples sites and read what they have to say. If you like what they had to say or think you can add to the conversation, you leave a comment on their blog that points back to your site. This is a great way to get traffic coming to your site because of all the different visitors to the blog receives.

Being active in related forms also can help you build up your business opportunity leads. Because people who are like-minded are also members of these forms, you stand a good chance at building some nice leads from those who are visiting the forum. Just make sure you are being as helpful as you can and people will find you.

Now these methods all work great for traffic and building up a small business leads, but if you don’t have a solid marketing plan to convert them, you’re just wasting valuable traffic. You have to have a way to get this traffic to convert into some form of money for you. This could be into your primary MLM opportunity or even better, it could be into something that allows you to make some nice commissions from as an affiliate.

The opportunities are endless once you have a good supply of leads.

Small Business Lead Generation – Pay-Per-Click Advertising

Small business lead generation using pay-per-click ads can be very challenging. In fact, paying for leads can either make you really rich or drive you out of business. Google makes a ton of money every year from pay-per-click ads. Most of the money that they make from these ads did not generate a single bit of additional revenue to the companies or entrepreneurs who purchased them. However, there are a few people out in the business world who pay a little bit of money to Google and generate millions of dollars in return. They don’t generate this type of income by accident. These entrepreneurs just have a better strategy than the ones who end up losing money on pay-per-click ads.

How to Lose Money in Pay-Per-Click Ads

The Uninformed Entrepreneur says, “I am not making money from my website because no one is coming to my website, so I will invest in pay-per-click ads and that will make me money.” No, that will cost you hundreds or thousands of dollars every week with very little, if any, return on your investment. Effective advertising leverages or magnifies the return that you are already getting from your current sales channels. If your website is not generating leads or business for you before you invest in advertising, then you will be magnifying a zero return. 300% of zero is still zero.

Most people use pay-per-click ads as the starting point, and when they do, they will almost always lose money. They are betting their business capital on an untested experiment. It would be like buying a thoroughbred and running down to the racetrack and betting a bunch of money on your horse’s first race. Yes, you would know your horse, but your horse is untested against other horses. However, if your horse wins his first three races, you might want to invest a little in his fourth one.

Your website is the same way. Develop your website to where you are generating leads and sales from those leads. Then, one you have a track record of success, invest in pay-per-click ads. Then you are betting on a sure thing.

How to Generate Lots of Revenue from Pay-Per-Click Advertising

The Informed Entrepreneur says, “I have finally got my business generating new leads from the internet, and now I want to leverage the success that I am currently getting.” Now you can make an informed budget for your pay-per-click advertising.

Here is a highly simplified example. If you are generating 10 leads per week from your website, and you are averaging closing one of those leads for $100 in revenue and $25 in profit, then you could only afford to pay $2.50 per lead to break even. Remember that just because someone clicks your pay-per-click link, does not mean that they will contact you and become a lead. If you have a fantastic website, you might be able to turn one out of every ten clicks into leads, so you could pay no more than $.25 per click to just break even. So pay-per-click won’t yet work for you yet. You would need to increase the revenue per customer, or the profit margin, or the closing ratio (or all three) to make pay-per-click more cost effective for you.

If you invest in an email follow up system and generate the same 10 leads per week, this time you might turn three of those leads into customers. Since you are now able to build a longer term relationship with your leads, you might be able to bundle a few of your products together and generate a higher revenue per sale and increase your average sale to $300. By doing all of this, your cost per lead goes down dramatically. Now for every sale you are generating $100 in profit. With three sales out of ten leads, you generate a total of $300 in profit. You can now afford to pay $30 per lead, so with the same ten clicks turning into one lead, you could afford to pay up to $3 for each click. If you can get quality clicks for just $1 each, you will triple your pay-per-click investment.

So forget the cold calls and spam, use your website to get more leads to call you, and then use pay-per-click to leverage your success, and you will generate great success through small business lead generation.

Writing Pay-Per-Click Ads that Lead to Sales

Once you have a great site and follow up system set up, now you can in some ads. Remember that the goal is NOT to get people to click your ad. The goal is to get people who will buy something from you to click your ad. For instance, if I put “One out of every 100 who click this link will get $1000,” I’d get a LOT of clicks. However, none of them would buy anything from me, so I’d just lose a lot of money. Or, if I am a local dentist in Frisco, Texas, and I place an ad that says, “Free Teeth Whitening Tips,” I’ll also get a lot of clicks, but very few sales. Most of the people who click will just want the free tips, and very few of them will be in my local neighborhood. A better ad would say something like, “Frisco, TX Dentist – Free teeth cleaning with your first whitening treatment.” If you don’t want to go to a dentist in Frisco, TX, you are less likely to click that link. People who do click the link are probably pretty good prospects for you.

You will always have numb-skulls who click your links even though they don’t need or want anything that you are promoting, but you’ll have fewer people click your paid-for links who are looking for something different than what you are offering.

So if you want to generate small business leads using pay-per-click, make your website and follow up system solid first, then use effective ads to target the specific market who will buy your services.

Small Business Lead Generation: How It Works?

The process of small business lead generation essentially operates on a cyclical basis, wherein new leads are generated, contacted and converted to sales. Some of these clients are retained for the upcoming period of time after their contract expires, while others leave. Hence, it’s important that the lead generation activities need to happen continuously, so that the leads keep coming in and these fluctuations don’t have much of a detrimental effect on business.

Essentially, it has been observed that effective small business lead generation has the potential to shorten the cycle and also lead to better quality of leads. The most important aspect of ensuring this is to understand that the first contact is not sufficient to ensure sales. Hence, one needs to continuously keep at it. However, this depends on whether the lead in question is hot or cold. Quite obviously, one needs to pursue hot leads more fervently, and filter out cold leads completely from the system. This can either be executed by experienced professionals, or by maintaining a log of the feedback received from the different kinds of prospects, which can then be monitored either by an experienced team leader, or by the team together.

One more aspect that organizations are particularly wary of in terms of small business lead generation is that getting quality leads is often an expensive proposition, whether one tries to procure the same from an external party or pushes the sales team to accomplish the objective. Compared to getting a cold or warm lead, finding a hot lead is a lot more time and resource-consuming. However, it’s absolutely worth the effort, when one sees it purely from the perspective of return on investment, since it shortens the span of time it takes from the initial contact to sale. Hence, one needs to ensure that all these points are taken care of in every lead generation campaign, for phenomenal results.

The next criterion is the place mix, which talks about the location at which the product is being introduced. This is equally important as the rest of the lot, since the place at which the product is introduced is of paramount importance. One can’t hope to sell raincoats in a desert, or half sleeved T-shirts in a snowy province! Lastly, the promotion mix in small business lead generation refers to the kind of promotional tactics are used to sell the product.

The appropriate combination of all these would virtually guarantee success for any product or service.

Small Business Lead Generation and Why It Works So Well

Small business lead generation is one of those things every small business owner talks about but doesn’t really know how to do properly. This is a shame, because using lead generation for a small business is one of the easiest ways to increase revenue and make more profits. It does take some work, but the concepts are so simple any business can start the process right now and begin to see more sales in a matter of months.

Effective Small Business Lead Generation

Here is why using the lead generation approach is such a powerful strategy and why every small business should use it.

1. It sets your business apart from all the others in the same market. Being different to your competitors is essential if you want to be a success, and concentrating on the lead-generation approach will do just that. Most business don’t actually concentrate on getting leads, even if they say they do. They actually concentrate on making sales, which means trying to sell to a prospect immediately. Effective lead-generation means getting a lead, and then building a relationship with that prospect over time. This could be weeks or months, but it almost always leads to more sales in the long term.

2. To follow on from the point above, this strategy of looking at the long term is one of the best things you can do, because your prospects often don’t want to buy from you just yet, and when you try to make the sale immediately, they tend to walk away. Building a relationship means your prospects don’t buy from you when you want then to, but when they want to, and that makes the whole process smoother and more pleasant for everyone.

3. You have more chances to close the sale. This is something most small business owners never understand, but by concentrating on building a relationship you actually get many more chances of actually selling something.

So how do you start to build a relationship with your prospects? You simply give away something for free (a free report with good information, or perhaps an entry to a competition) in return for the prospect’s contact details. These should include email, postal address, phone and even fax. Email is the best of these, because it’s so quick and personal.

Be The Expert

In most cases the free report is the best way of collecting prospect’s details, because it has the added advantage of making you appear the expert in your market as well as starting to build the relationship. Once you have the contact details, you simply keep in touch with your prospects, giving them more information and sometimes telling them about the stuff you have for sale. Essentially it’s a numbers game, and a large percentage of people will buy from you when they’re ready. The great thing about this method of making sales is that most small businesses won’t try it, and that puts you right at the front when it comes to making more sales in the long term.

As I said, it does take a bit of work to put into practice, but the rewards are huge.