Today, I’m going to share the secret 1, 3, 5, 7 success formula by Eric Worre, the founder of NetworkMarketingPro.com and the author of Go Pro: How to Be a Network Marketing Professional.
Eric has been in the industry for approximately 30-years. He’s definitely an expert in network marketing and this estimated timeline for success is based upon his own experience, and from interviewing hundreds of successful people in the industry.
The 1, 3, 5, 7 Success Formula in MLM
In my own words, here is the formula he describes.
The 1, 3, 5, 7 Success Formula states that it will take you one year to master the basic skills and become proficient in network marketing. It will take you three years working part-time to earn a full-time income. It will take you five years to become a serious income earner and it will take you about 7-years to become a true network marketing professional and top earner.
Keep in mind, this assumes you are being persistent and consistent in your business, working with ONE company, and working the business part-time, around 1-2 hours per day.
As a quick disclaimer, some people might do it faster, some slower, and some folks might never hit these numbers. Individual results will vary.
One Year to Learn the Skills & Become Competent
First and foremost, it’s going to take you approximately one year to become competent, profitable and to master the basic skills of network marketing, which include inviting, follow-up and duplication.
Whenever you start a new job or a new profession, you’re going to have to develop a certain set of skills and this doesn’t happen overnight. You’re going to have to either go through formal schooling, some on-the-job training an apprenticeship program or mentoring to become good at the job that you’re doing.
A lot of people join our industry with ZERO MLM Skills, yet they expect to be successful right out the gate. In my opinion, that’s very unrealistic. It takes time to learn and develop the basic skills to be successful in any type of profession.
Three Years to Earn a Full-Time Income
Eric goes on to say that it will take you about three years of being consistent, to go from part-time to a full-time income in your network marketing business.
What does this mean? In my opinion, it means that if you’re making two to five exposures per day in your business, five to six days per week, over a period of approximately three years you should earn a full-time income with your business.
Some people might say that three years is way too long to create a full-time income. To that, I say BALONEY. What else can you do part-time for a few years that will create you a six figure residual income.
Sadly, most people don’t stick around three years in one company (or the industry) to become successful.
Five Years to Become a Serious Income Earner
Eric goes on to say that it’s going to take you about five years of consistent effort to become a serious income earner. This would be at least a six figure income earner.
Once again, some people complain and say five years is way too long to create a six figure income, but you are doing this on a part-time basis.
This applies to someone who is making 2 to 10 exposures every single day. They are ACTIVELY retailing and recruiting. They’re getting duplication in their team.
Five years of focused effort with one company is about what it should take you to become a six figure earner.
Seven Years to Become an Expert & Professional
Finally, it’s going to take you about seven years of being consistent and persistent with one company to become a world class network marketer.
If you do the math, this really breaks down the 10,000 hour rule. If you’re working in your business consistently for seven years, you’re going to put in about 10,000 hours of work.
That’s going to allow you to become the best of the best, just like a plumber goes through an apprenticeship and then becomes a journeyman and then becomes a master plumber. Eventually that happens over a prolonged period of time. It does not happen right out the gate.
Maybe 1 in 1,000 people who join our industry are this committed. It might even be 1 in 5,000 people. The reason most people are NOT committed is they have very little money invested in their business and they just don’t treat it seriously.
You could argue that this formula applies to any profession. Regardless of the occupation, very few people hit the PINNACLE of success and become the CEO or a million dollar producer. In addition, most professions take a few years to really learn the ropes and become great at what you do.
I think of my time in the Army as an example. Very few officers ever made General. And, most officers took many years to really master their craft.
The same applies to my wife’s human resources career. It took her around 10 years of hard work to become the H.R. Director. And, that does not factor in the time she went to college.
In review, this is Eric Worre’s 1, 3, 5, 7 Formula. None of this is rocket science. It really gives realistic expectations about the estimated timeline for success in network marketing.
What are your thoughts about the 1, 3, 5, 7 Formula? Do you agree or disagree? Leave a comment below to let me know what you think. I look forward to hearing from you.