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by David Feinstein

5.0

Category: Prospecting

Prospecting is the lifeblood of network marketing. Without talking to new people, your business will stagnate. In this post, I will share the mindset and techniques I use as an expert to expand my prospect list and fill my pipeline continually.

Before Prospecting

Developing the “Customer” Mindset

The first key is adopting the right mindset. I prospect with the genuine intention to offer value. My goal is to learn about someone’s needs and see if my business can help. If I don’t see them, I wouldn’t force or continue further. I approach prospecting as making new connections, not “hitting up” people. Having an abundance mentality reduces desperation. When prospecting feels hard, I remember my WHY to renew motivation. Prospecting becomes easier when you add value with no expectations.

Identifying Your Target Market

Trying to prospect everyone is inefficient. Instead, I identified my ideal prospect avatar early on. Their key demographics, interests, needs, and values. This clarity allowed me to customize my message and connect quickly. Try to join Facebook groups your prospects are in. Look for where your audience congregates offline too. Get referrals by asking satisfied customers who else would benefit. The more targeted your prospecting, the better your results will be.

During Prospecting

Pique Curiosity

The first step is crafting an introduction that piques curiosity and interest. Generic pitches go in one ear and out the other. I connect people by asking thought provoking questions or sharing fascinating facts related to their needs. Posing a teaser question related to the problems my business solves grabs attention. Painting an appealing vision of life after solving their struggles intrigues people to learn more.

Offer Extreme Value

I provide an insane amount of value upfront, for free if possible. By over-delivering value, people can experience how I can help them before committing. Free mini-courses, webinars, advice, and resources show my expertise. They get hooked on the value I provide. This builds trust and tops their list of solutions when they’re ready to make a change. They would feel stupid not to work with me after experiencing my immense value.

Use FOMO

FOMO, or fear of missing out, is a powerful motivator. I create a sense of scarcity and exclusivity with statements like “I’m only accepting 5 new clients this month” or “This discount on products ends tomorrow”. People hate the feeling of missing out on deals or opportunities. When they sense an expiry coming soon, they act faster. I ethically leverage FOMO by making my best offers for a limited time.

Make them “Raise their Hand.”

Instead of pitching people out of the blue, I use lead magnets to get them to “raise their hand”. For example, I’ll run free challenge groups or webinars where they enter their name and email to register their interest. Once someone expresses interest proactively, their warm leads are primed to say yes. People want what they ask for themselves, not what’s pushed on them.

Frame as an Exclusive Opportunity

I present my offer not as a sales pitch, but as an exclusive opportunity. “I don’t share this with everyone, but I think you’d be a great fit for my advanced coaching program.” Framing it as them being specially picked makes people feel important. I use language like “inviting you to apply”, not selling. Exclusivity triggers a desire to take advantage of the limited chance.

Share Transformation Stories

Social proof is highly persuasive. I share inspiring stories of previous customers who transformed their lives and businesses after working with me. People crave the same success and results. They imagine themselves achieving those breakthroughs. By showing my program works for everyday people just like them, it feels low risk to say yes. They’d be stupid not to if others succeeded.

Use Contrast

I amplify the value of my offer using contrast. “Most coaches charge $5,000 for a weekend retreat. But I’m offering the same life-changing experience for just $197.” Contrasting the big investment others make highlights what a steal my offer is. People hate overpaying. By contrasting value, my offer feels like a no-brainer they’d be stupid to decline.

Share What They’ll Miss Out On

If people are on the fence, I ask questions to reveal what they’ll miss out on if they don’t work with me. “What would it cost you financially to delay this decision by one year?” By quantifying the pain of missing out, saying no becomes unthinkable. I remind them that results require action. “Refusal means staying stuck in their problems longer. The cost of inaction is too great.”

Use Risk Reversal

I use risk reversal to crush objections. “I’m so confident this will work that if you follow through on the training and don’t see results within 30 days, I’ll refund your investment, no questions asked.” Removing risk eliminates reasons to say no. I also frame saying “yes” as the safer choice. Staying the same is riskier than trying my proven solution. Most of the time, educated, intelligent people prefer the least risky path.

Share Others’ Regret

When people are undecided, I share stories of others who regretted not signing up when they had the chance. Phrases like “I don’t want you to look back and regret not jumping on this.” make people reflect. Imagining the regret of missing out motivates action. I remind them of the pain of inaction. Smart people learn from others’ mistakes.

Close with a Great Deal

Finally, I present a deal so irresistible, they’d be stupid not to take it. I stack value by offering discounted pricing, free bonuses, payment plans, bonus services, my guarantee and more. I limit the extra value to create urgency. The more overflowing value I provide, the harder saying no becomes. Sweetening the offer past the tipping point closes more sales.

After Prospecting…

Inviting People to Learn More

Once trust is built, I invite prospects to learn more. Low pressure, no obligation invites defuse resistance. “I’ve really enjoyed our conversation! I’d love to share more about what I do. Would you be open to jumping on a quick call this week to discuss this further?” Make it easy for them to say yes. When someone shows hesitation, nurture more or redirect to a better offer. Free value helps overcome skepticism.

What If They Reject?

Rejection and objections are inevitable. I handle rejection with grace and positivity. “No problem at all! I know my opportunity isn’t for everyone. I appreciate you taking the time to chat.” I ask permission to follow up in a few months. Planting seeds for the future is valuable. I learn from objections and refine my presentation. Letting rejection roll off you is essential. Stay persistent and results will come.

Continual Improvement

Prospecting is a skill to continually improve. I rehearse my scripts until they flow naturally. Recording pitches allows me to improve. Tracking my numbers helps analyze what works. Reading books and courses expands my skills. Roleplaying with mentors reveals blind spots. Shadowing top performers shows new techniques. Split testing subject lines and ad copy refines conversion. The better you get at prospecting, the faster your business grows.

Author BIO

David Feinstein

Exposure to business at an early age along with the cultivation of artistic talent in writing is the background that David Feinstein brings to his business associates, prospective candidates and audiences alike. His experience throughout his career in sales and marketing and having owned and operated his own international accounting & financial management services company, is a key success factor in helping develop his international notoriety in the network marketing industry.

David and his wife, Ann have been significantly involved in direct marketing and direct sales for years, serving as a distributor (team member), speaker, trainer, Top Leader, and author in the industry on a worldwide basis. Working together, they coach, mentor, and train those seeking empowerment, greater self-esteem and branding image, and training people seeking financial success and personal life freedom.

David and Ann have grown their business that today spans over 40 countries with over 65,000 team members.

Above all else, Ann & David are focused on mentoring and leadership. Their combined expertise in recruiting, coaching, training, and international development has made Ann & David much sought-after direct sales business experts.

The Feinstein’s approach marries both classic MLM and the technology advances of the Internet and social media.

 

David Feinstein