This post is all about how to succeed in network marketing. The reason why many are scared of network marketing is because of misleading information being given out, that is just the fact.
Can anyone be successful in network marketing business?
The short answer is yes.
So long as you can avoid all the misleading information being spread by so many people who do not know a network marketing business, you can make rapid progress.
These are the important steps to suceed in network marketing
1. Choosing The Right Company
The first step is to make sure you get in with the right company. The problem is that there are many companies to choose from so how do you know which one is right for you? Here are some things to consider:
Your mentor I have devoted an entire section on this below as it is so important, however this one factor alone can determine your success with this business.
The compensation plan The compensation plan is basically, how you get paid (compensated) for working for the company. This is their pay structure.
The timing You don’t want to work for a start up company under 5 years old as it is not established and too risky. However, you also do not want to work for a 50 year old fully established company.
The product As the product is how the money is made it needs to be of the highest quality and one that actually benefits people and makes their life better in some way.
2. Choose The Right Business Mentor
Network marketing is a “Replication Business”. You are essentially cloning yourself. Your team is a direct reflection of you. If you are lazy, your business will be lazy. If you are a person who is constantly improving, then this is what you will replicate down in to your team. This is why it is so important to have the right mentor from the start so you can learn what works early on and duplicate.
Your first year in network marketing is going to be the most challenging. This is because you are leaning skills which are brand new to you. It is essential to have someone who will be there for you, guide you, mentor you, show you how to overcome road blocks and how to become successful.
3. Understand That it is not “a get rich quick”
A common mistake people fall in to is thinking that you will be making lots of money early on. Although this is possible. Network marketing is “a get rich quick”. It is normal for a business to take 1 year to get to “break even” and in to profitability. People generally underestimate what it takes in the short term, however, they also underestimate what can be built in the long term.
“The secret to success is getting a little bit better everyday and never give up.”
4. The Right Attitude
It’s all about attitude. We now know that it can take time to get momentum. This means you need to get in the habit of keeping the right attitude as the days, weeks and months go by. There will be times when you may want to give up, when you may want to quit. Remember this: It’s all about consistency.
By now you will have found the perfect company. You will have found a business mentor that is going to help you become successful. You will have the right expectations (mindset) and attitude. Now it is time to build your dream team.
The difference now between struggling and building a 10K monthly income for yourself lies in getting the right people into your team. This is all about marketing. This is so important that I have dedicated entire training on it. Just remember that not all people are equal. You are looking for a very specific type of person. You will know when you find one as they will explode your business and you will have so much fun in the process.
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