Dear Network Marketer:
I hope you are happy, healthy and well. Here is this week’s edition of Chuck’s MLM Weekly Wisdom. Enjoy the training.
# 1 Wisdom from a MLM Millionaire
“Referral marketing is a numbers game. A marathon. A stamina competition. 50% give up in the first year. 40% love the products. 10% do the business. 2% do 90% of the work. Keep an eye out for winners and be one yourself and the winners of the future will also find you.” ~ Gabi Steiner
My Take: Realize that not everyone will be serious. Realize this is a business of attrition. Accept that most of your team will do little to nothing. Love on everyone. Be nice to everyone. Appreciate everyone. Meet people where they are at. Never pressure anyone to do more than they want to. But spend your time looking for and helping the 10% and the 2%. That is the best use of your time.
# 2 Book of the Week
My book of the week this week is “Multiple Streams of Income” by Robert G. Allen. This is one of the first business books I ever read after I got involved in network marketing, back in 2002. It talks about creating multiple streams of income in your life and offers many great ideas, one of them which is network marketing. The information is still relevant today. Order a copy on Amazon.
# 3 Featured Videos
Here are a few YouTube videos I thought you might enjoy.
- How to Protect Prospects and Distributors from Negativity
- Overcoming Obstacles!
- How to Launch Your Network Marketing Business
# 4 Interesting Stats
I listened to a great podcast yesterday. Here were the woman’s stats for her business:
- 5 years with one company, 66 months
- Personally sponsored 187 people, averaged about 3 per month
- Of those 187 people three were dynamic big time leaders, with another fourth up and coming leader
- Those four leaders accounted for most of her income
- Her team was approximately 30,000 people
- Her monthly volume was around $2 million
- Her income was seven figures per year
These numbers look huge to most people in our industry, but the most important stat on this sheet is that she consistently sponsored 3 people each and every month over a long period of time. She stayed consistent!
If you can do that, you will also build a big business. I’m not saying you will have the same level of success that she did, but your success will be substantial. The only questions are will you stick with it and will you be consistent?
# 5 Quote of the Week
“When you have five serious people, you should be spending 95 percent of your time working with them, 2.5 percent of your time servicing the customers you have from your friends, and 2.5 percent of your time planting seeds.” ~ Don Failla
Don is my upline mentor in my company. He has a team of nearly one million people.
# 6 Advice from a $30 million + earner
“Nobody is really a legendary dynamo singularly responsible for building a huge group. It’s a team effort and those of us who work really hard will eventually blunder into one or two other people who work really hard and so on. Nobody ever really duplicates anyone else. Each of us brings our own unique personality, competence, ethics, and work habits to the table.” ~ Mark Yarnell
My Take: Mark (now deceased) was one of my most trusted mentors. When you look at the top earners in any company you will quickly discover that most of them sponsored 100 to 200 people personally and typically three to five of those people went on to build it big. Most people do nothing. Some do a little. A select few are consistent. And 1-2% will be responsible for 90% or more of your income!
# 7 Featured Podcasts
Here are a few recent podcasts you might enjoy.
- Being Busy vs. Being Productive in Your MLM Business
- Dealing with Temporary Failure in Your MLM Business
- Having an Accountability Partner in Your MLM Business
# 8 One of My Worst Mistakes
One of my worst mistakes in this industry is that for nearly a DECADE I jumped around from company to company. I worked with approximately 10 companies during that time. I wasn’t looking to get rich quick. I simply couldn’t find a company I could get behind, nor did I buckle down and do the work.
I can’t even imagine what I would have accomplished had I just picked one company and stuck with it. Don’t make the same mistake I did! Pick a company, a good mentor, and buckle down for the long haul. You will be glad that you did.
# 9 This Week’s Special Offer
I’m looking for new customers to serve. Our company offers great nutritional and weight loss products. I’m not asking you to join me as a business partner, just as a customer (everyone pays the same price for the products). If you become a customer of mine, I will mail you a free copy of my MLM Blogging Profits Course. This course sells for $60 plus shipping, features 10 audio CDs, and gets sent in the mail. Give me a call at (352) 503-4816 or email me at firstname.lastname@example.org to learn the details of this offer. Keep in mind our company does business in about 60 countries. *** Restrictions apply.
# 10 Must Read Blog Posts
Here are a few popular posts on my blog that I think you will enjoy.
Thanks for reading this week’s edition of Chuck’s MLM Weekly Wisdom. If you have questions or need help with anything feel free to give me a call or reply to this email.
Articles You Might Enjoy
Chuck HolmesWebmaster, OnlineMLMCommunity.com
Phone: (352) 503-4816
Here's what you should do right now:
# 1 Sign Up for My FREE 7-Day MLM Bootcamp
# 2 Check Out These Awesome Tools and Resources
# 3 Join My Free Facebook MLM Mastermind Team