This document was meant to be for my own team only, but I have decided to add this to my blog publicly. People may use all or some of the ideas here to grow their own Lyconet business.
The reason I use this method for myself and my team is that my business was growing very slowly and the activity of my down line was low to zero growth. For this business to grow all members need to be active and stay active and work their business. If the business is not growing it is dying.
This method will insure your business keeps on growing every month and also make the Lyconet business better and grow bigger. The stronger the Lyoness business grows the more businesses will join the network and the easier it will become to earn cash back, get discounts and earn Shopping Points.
The first step is to join Lyoness and then Lyconet. Both programs are for free, but you need to join Lyoness first. While you are logged in to Lyoness open lyconet.com in new tab on your browser. Click on the link that says something like ‘Register for Lyconet with Lyoness user data’. This will allow Lyconet to take your Lyoness data and create account for you. Accept the t’s and c’s and click order and the accounts will be linked. Let me know if you need help. Here is a link to my contact details.
Get the Business Lounge
The next goal or step is to buy the Success Pack (R2100) or Business Lounge (R1380). The Success Pack is the Starter Pack plus the Business Lounge. The Starter pack gives your 50 registration flyers, stationary, 90 day business plan and much more. The minimum to buy is the Business Lounge and is really all you need to get started as Lyconet Marketer. After buying the business lounge you will see the Business Academy open on your account when you login to Lyoness website.
Complete the Business Academy
You then need to do the 3 videos and 2 tests. Watch the video ‘All About Lyconet’ and do the 35 point test. I recommend watching the video twice and you will pass. Then you watch the ‘Lyconet Compensation Plan’ video twice and do the 15 point test. Then lastly watch the last video namely ‘Lyconet Marketing Program’. There is no test to do, but when you are finished watching the last video you will have completed the Business Academy and you will be able to buy Shopping Points in Lyoness. PS. You may do the test over and over until you pass. Again let me know if you need help with tests.
Balance Program
Now that you have completed the training, you will be able to buy Shopping Points to convert to Units for your Balance Program. The biggest compensation comes from the Balance Program and the Career Program. In the beginning we will be focussing on the Balance Program.
The next step is to make partial payments towards future shopping by buy as many Units as you can afford. I started with 3 Units (this was R1500), but you will be able to buy Premium Membership for R20000.00. With Premium membership you have 7 units in Category 1 (R500 each), 3 units in Category 2 (R1500 each) and 3 Units in Category 3 (R4000 each). That is R20000.00 in total. If you cannot afford to do it, you can buy units monthly until you are Premium. But you don’t have to stop there. I am going to keep on buying new units every month. I did not buy the Premium Membership. I opted to make partial payments or buy units every month instead of 13 units in one go. This helps my cash flow so that I have more money now for marketing. Marketing is one of the most important elements of network marketing, so keep money aside for your marketing efforts.
Compensation Eligible
While you are focussing on getting the business lounge and your first units you need to find people to do the same as you. Your first goal is to find 5 people that want to be marketers like you. Some people will only join Lyoness, which is fine, but to build your Lyconet business you need Lyconet marketers. You will still earn Shopping Points form the Lyoness members.
You need minimum 5 marketers directly below you that have earned or made partial payments for future shopping of 150 Shopping points to get yourself ‘’Compensation Eligible’’. This is your next goal. You need to get to Compensation Eligibility. If you don’t get this first you will not get the benefits from the Balance Program. Don’t worry to get 5 new members immediately. Start with 1 and move to the next.
The pay out from the Balance Program will give you proof that the programs work and motivate you and your team to do more for your business. The Balance Program pays you on a weekly basis.
At this stage you will use all payouts to fund your marketing efforts. Or that is what I am doing. That includes cash back, friendship bonus and pay outs from Balance Program and Career Program. I am focusing on building the business in the beginning and delaying gratification. I will use any money earned on marketing and making partial payments towards future shopping.
I am not stopping at 5 direct marketers. My mission is to help and support my marketers first of all, but then also to add even more Lyconet marketers and Lyoness members to my downline.
So in summary, here are my Goals for building a successful Lyconet business:
1. Join Lyoness and Lyconet
2. Buy the Business Lounge or Success Pack
3. Watch the videos and do the tests in the Business Academy
4. Buy your first Shopping Points and convert to Units.
5. Shop every month minimum R500 as Lyoness merchants and buy 1 unit per month (50 SP).
6. Find 5 marketers to do the same.
7. Get your 5 marketers to 150 SP or 3 units asap.
8. Become Compensation Eligible.
9. Recruit even more Lyoness and Lyconet members with earnings.
10. Support and help down line and continue recruiting new members.
There is some cost in building your Lyconet business, but there will always be some cost building any other business too. Lyoness and Lyconet is no different. I have another source of income to help me with marketing and buying units. I will share that with you in another post. This will also give you another income stream in your business.
After buying the business lounge you only need to buy 1 unit (R500) per month and also your down line and your business will grow super fast every month. If you have 5 members in your down line that is 5 units every month. Soon those 5 will have 5 members too and then your balance program will grow by 25 units every month!
I will constantly improve this method of mine and share my success and failures with you. So stay tuned by adding your details to my mailing list on this page.
Email me or call me on 072 838 6854 (South African Cellphone) if you want to talk business.
To your success.
Colin Brazendale
Tel: 072 868 6854
Nice read! Hows your Lyconet business coming along?