5 is the friendliest number
One is the loneliest number that you’ll ever do
Two can be as bad as one
It’s the loneliest number since the number one
~ Thee Dog Night (1969)
There may have been a good reason for the classic rock band to have stopped at two back in the day, but likely not because they figured out what we now know today about the number five.
There are lots of ways to get the message out about your business. But its generally accepted that the best form of advertisement is word of mouth. There is something about the personal referral that really seems to hit home with people.
So how do you get people chatting about your business, and particularly in a favorable fashion?
A good product helps. But even great products have gone bad when service isn’t part of the equation. People like to feel special.
Lyoness, like a lot of other home based businesses, relies on people sharing it for those involved to be successful. But when hit with the initial though of sharing something like that, people tend to freeze.
I recently did a survey where I asked people to think about something in their life that they were at least somewhat passionate about. It could be a person, a project or a cause, but the important things was that they cared about it to some degree. And when asked to consider that, I asked them how effective they though they could be sharing it with others.
Of those that responded, just over 86% thought they could share that passion with others and recruit at least five people they know to help with that cause and be somewhat passionate about it as well. Another six percent thought they could share their passion with others, but not get five people.
I also asked if they thought they could accomplish the task in 30 days? 77% thought they could do that while 6% thought it would take them longer than that. Eight percent though that they could do it in less than that amount of time.
So in summary, about 4 out of 5 people thought they could recruit the five people and do so in 30 days.
“OK Allen, why all the stats? Are you gonna start talking about your days as a high school basketball player again or something?”
No, I only bore my wife and kids with that stuff.
But what those stats show is that roughly 80% of people in my survey thought they could share something they believed in.
So the question is: Do you believe in Lyoness?
Recently some seminars have shown that by just sharing the Lyoness cash back card program with five people, and helping them do the same thing, can have dramatic results.
Let’s say in a month you share Lyoness with five people, so there are six of you. And in the next month those five people share it with five more of their own. That means that your Direct and Indirect referrals now number 30. Not too shabby. And if you all spend $1,250 a month with Lyoness merchants on the things you already buy, you get a minimum of $12.50 in cash back and get $187.50 in Friendship Bonuses.
Not too shabby!
But let’s assume that you and your 30 friends all take your cash back rewards and route them into your back office. I mean, seriously, what are you going to do with $12.50 but blow it on lattes and scones, right?
The reason you’d put it into your back office is that it would give you a minimum of $25 a month in your Loyalty Account. That means that every three months like clock work you and your friends would create a Shopping Unit. More on that in a minute.
Back to you 25 Indirect Referrals for a moment. What if they kept up the trend and in 30 days referred five more of their friends into Lyoness. That would add 125 more people to you tree. And if that replication process continues every 30 days, with everyone spending $1,250 with Lyoness merchants, at the end of month four you have 625 more people in your tree. At the end of five months there are 3,125 new people and after six there are 15,625 more.
So what do all of these people mean? Well, remember that every three months they generate a Shopping Unit. And as they do the sheer number of units passing through your group of referrals will establish you in the Volume Commission and Volume Bonus sections of Lyoness. When those 3,125 people generate their units, they establish you at Level 5.
What it does do is qualify you for a $4,500 monthly payment and at least $1 for each of the 3,000-plus units that got you there. That’s a payout of at least $7,000.
And once you’re established as a Level 5, you’re good for six months. Hit the Level 5 qualifications again just once in that period, and the clock resets for another six months.
Those are just two of the 10 ways to get paid in Lyoness, and Level 5 is only halfway up the Volume Commission schedule. A little hard work and encouragement of your team could pay off big down the road.
All because you saw fit to share Lyoness with just five people.
So how much can you do?
If you’d like more information about Lyoness, send me an email or leave a comment below. You can also open your email program by clicking on the Lyoness link on the right of this blog. As always, the information and the membership are totally free.
Posted on October 3, 2013, in Business / Finance and tagged back, bonus, Business, card, cash, commission, employee, entrepreneur, friendship, home, loyalty, Lyoness, merchant, MLM, owner, Small, volume. Bookmark the permalink. Leave a comment.