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Countering the "I don't have any money to start" objection.

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mountainmom5
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Joined: 30 Aug 2007
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#21 · Posted: 4 May 2008 18:50


carrief:
NO ONE IS GOING TO GIVE YOU ANYTHING FOR FREE. They are LYING if the promise you this


You are absolutely right, carrief!

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opendomain
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#22 · Posted: 4 May 2008 19:58


I'm going to have to say that there are some people who do offer things for free.

Now WHAT you get for free varies from person to person. For instance. I give away a free guide, it is a sound guide that teaches people how to market. I don't give EVERYTHING away, but I do give free things away.

Believe it or not there are still a few of us "good" people out there that DO want to help.

I don't claim to have ALL the answers...BUT,
I have some of them...and I give those answers away for free.

mountainmom5
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#23 · Posted: 4 May 2008 20:05


opendomain:
Believe it or not there are still a few of us "good" people out there that DO want to help.


Oh, I agree and I do the same - but what I was agreeing to was the ones that promise you great wealth with no investment... there simply is no such thing!

In most cases, in order to make any kind of an income online, there is an investment of time and effort and in the end, it usually takes money to make more money...wouldn't you agree?

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freecashhappens
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#24 · Posted: 4 May 2008 20:35


It depends what program you get involved with. I have spent huge money in the past without any result. I have had good result with low cost or no cost options. From my experience you have to leverage your money and time into a high end program. That's what I did. It worked out really well. Get involved in a small/low cost venture and then move up into a higher ticket product.

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opendomain
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Posts: 535

#25 · Posted: 5 May 2008 03:17


mountainmom5:

In most cases, in order to make any kind of an income online, there is an investment of time and effort and in the end, it usually takes money to make more money...wouldn't you agree?

Oh yeah absolutely. I would agree with this.

I am still on a mission to make something from nothing...or very little. Right now my marketing budget is VERY low or I only use funds made from my online gigs.

I would like to say that this was by choice but my wife would have killed me upfront if I would have pored hundreds of dollars into marketing online. THough I must thank her for this as it allowed me to learn more than I ever could have.

I am now on a mission to make the "free thing" work.

Obviously it was a lot slower at first, but once things started picking up, well it just keeps getting easier and easier.

TIME however has been a HUGE factor for me and again upfront the time spent on getting things up and going was pretty hefty, but now it is loads easier.

Free is not just a clever marketing ploy...it CAN actually be done.

GavinStephenson
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Joined: 24 Apr 2008
Posts: 95

#26 · Posted: 7 May 2008 06:08


my advice is to promote your self in a way that you only attract certain people.

When i market I niche people. I say i only want serious entrupenuers that want success or want more success

I only attract leaders and people that are serious. I never get questions about money..

they want to get in and do the same as me. The other day one of my leads took up jogging because I said that i Jog in one of my videos

I had another lead contact me from Sweden that has his own dyslexia support business.

When you tell the market who your looking for, then you only get contacted by those people.

It eliminates wanabes .. If you want serious people market in that way. tell them you dont want time wasters.

Alot of people try to market to everyone.. Know your target audience . Listen to your market

Then give them the answer.

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carrief
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#27 · Posted: 7 May 2008 11:50


LOW COST is a good thing! I'm just saying, what clicked with me as a sound busines plan was LOW COST TO START + REACHABLE GOALS for the time I had set asdie to commit to my business + a great amount of support from my experienced business team = SOUND BUSINESS OPPORTUNITY.

It's maybe like investing in the stock market - there are high risk, low risk, and "middle of the road" investments because everyone plays the game differently. So I guess everyone has to make the best descision for themselves once reviewing all the info about their investment opportunity, wether a busniess, stock, or whatever.

I am not one of those people who plays the lottery very much, buys scratch tickets, gambles, or invests in the stock market (not that doing any of these things is "wrong", but they are not for me!) I like SOUND. High risk is not my game!

What worked for me ended up being very low cost to start, low cost to continue, and no i am not rich yet, but it grows every day, and I am OK with that.

Info should be free, so someone mentioned giving INFO for free and THAt si totally awesome! Then people can make an informed descision and those are the people any business wants to attract anyways, right?

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RayvinAndRob
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#28 · Posted: 7 May 2008 21:23 · Edited by: RayvinAndRob


That was a telling rant followed by some very enlightened and enlightening comments. We never run into the problem of people saying they think they should be able to get into our business for free. Why? Because we educate them.

We believe the number one reason this problem exists is because the majority of people who join MLMs are simply not educated properly about business in general and about the MLM industry specifically. Most people who join MLM start out not even knowing how to spell "MLM"!

It's no wonder they are so easily taken advantage of by the less ethical and more greedy of the network marketers (and internet marketers, affiliate marketers, etc.) out there. And that's very unfortunate but we're all responsible for our own decisions. If you're gullible, hopefully you become less so through your painful and embarassing experiences. Otherwise, it will all have been in vain and you are the most unfortunate of all if you don't learn from your mistakes.

We feel strongly about teaching people how things REALLY work whether they call us or not for the greater good of the industry as a whole. What helps the industry also helps us. So we do our part, as many of you do, by providing free information that they can learn from on their own without threat of being bombarded with a sales pitch by us.

We refuse to tell them anything about our network marketing company until we are absolutely certain they are skilled enough to evaluate it. We hope the information we give them teaches them HOW to think. It never tells them WHAT to think. They get enogh of that from other sources.

When they call us we teach them those skills, one-on-one, in more depth, for free, because it's part of the investment we are willing to make in our business. By investing in their education we are building solid people who are willing to put in their time and effort to build a solid organization of their own, both for us AND for themselves.

They need to be teachable and coachable before we'll take them under our wings. And we can quickly and easily establish that with just a few pertinent questions.

While going through the mentoring process with them we emphasize the need for them to consider dropping alot of what they've learned from others, to wipe the slate clean, starting over from scratch, and the ethical importance of keeping our agreements. We agree to fulfill our responsibility to teach them and they agree to fulfill theirs by doing the homework assignments we give them.

We have high expectations of our students because we are firm believers in their abilities to achieve whatever they put their minds to. We believe in them until they can believe in themselves.

Only IF they "graduate" from our free mentoring program and only IF they ask us what we're into and only IF we feel the student is a match for our business do we ever share our money-making opportunity with them.

We don't tell them the name of our network marketing company if they ask us before their training is complete. We tell them that's irrelevant and unimportant at this point. Some people don't agree with our approach because they feel we're being mysterious about our business but we don't care about any criticisms. It works for us. Only the serious survive! We're getting almost 100% retention.

(Rayvin just corrected me: I'm NOT mathematically inclined. I should say instead: we retain MOST of our people. To me that means "almost 100%" but apparently I'm not making any sense. LOL!)

The point is our people are rock solid and our peoples' people are also rock solid! And that's what you need in this business.

So who cares about the money it takes to get into network marketing. EDUCATE people and they will understand why they need to invest and how much is a reasonable amount.

Rob Nyte

twnuck
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#29 · Posted: 26 May 2008 23:22


I used to try and convince them how great the business will be, etc.

But, finally I got smart and my response simply is "this is a business and it has risk. Obviously you aren't ready to take risk OR invest in yourself. This opportunity is NOT for you"

In the early days I focused on them and finally I realized that my time was important too. In the end I'm not looking for EVERYONE, just the few who want to truly work for themselves!

Todd

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Freedom
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#30 · Posted: 27 May 2008 03:26


There is a difference between an objection and a condition. An objection could be overcome. Not having any money is a condition and you might as well move on to the next lead.

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Escalade
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#31 · Posted: 20 Jun 2008 00:50 · Edited by: Escalade


Here's the thing... in the home based business industry, what we're really selling is a dream, not a product. Don't get me wrong, products do matter too but it is mainly the idea of achieving financial freedom that really gets your prospects' attention. However, the fact that there are so many business programs out there that are just overpriced and require hundreds or even thousands of dollars to get started. They certainly worsen the objection of "not wanting to pay start-up cost" As long as your business presents that dream and the price is right, these prospects will certainly jump right in.

biggles
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#32 · Posted: 20 Jun 2008 06:45


I know people are wary of spending money on 'work at home' solutions but it really can be money well spent. For instance, I spent $49.95 back in 2004 for an ebook all about affiliate marketing using adwords and it has literally been responsible for earning me tens of thousands of dollars since. It's just knowing what is legit and what is genuine that's the problem.

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cebarber2
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#33 · Posted: 31 Jul 2008 13:07


I consult with clients all the time that list money as their top objection. It's like an automatic barrier or shield they put in place in the beginning. However, once I determine (and offer them) the opportunity that is their "dream business", all of a sudden, the money obstacle goes away.

When you are introduced to the business that you are completely passionate about, you'll find a way.

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dmitch31
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#34 · Posted: 12 Aug 2008 00:38


Some initial cash betwen $50 and $100 would be best to get started. You'll have to buy some training of some sort and set up a web prsence. Or, you could try your luck perusing some of the free resources online. In that case, however, your path to succss will be slower because you ill have to reason everythng out for yourselves as you go along.

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marperrr
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#35 · Posted: 12 Aug 2008 01:06


Rock on PMHAYES
On the other hand, you wouldnt believe how many people have joined my business, invested thousands, and didnt even make it through the first week of training...(they did save face by telling everyone they got scammed)
So I guess its just a mindset among all of those who want to "make it" but are not willing to do what it takes to do so.

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unselfishguy
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#36 · Posted: 12 Aug 2008 18:53


I would normally reply back "That is the main reason why you will need this program"

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