How long does it really take to succeed in network marketing? I’d like to start by responding with “what is your definition of success?” Everyone has different goals and objectives for their business, so what might be success for one person might not be success for another. Some people just want a discount on the products. Others want to get free products or just earn a few hundred dollars per month. And a select few want the big bucks.
For the rest of this article, I’m going to assume that your definition of success in network marketing is earning $100,00 per year in your business. For most people, that would allow them to quit their job and go full time in the industry.
Assuming $100k per year is the definition of success, I’m going to share below what you can reasonably expect.
I should start out with a quick disclaimer and tell you that individual results will vary. Even if you work your tail off, you still might fail. That is a risk associated with ANY type of business.
It’s also important to realize that everyone has a different attitude, skill-set and work ethic. Some people will build it quickly and others will take more time. The numbers below I’m going to share with you are assuming that you are working your network marketing business 20 hours per week and that you are showing AT LEAST 10-20 presentations per month.
From my experience, with what I’ve seen in the industry, you could potentially build a six figure income within two to five years of joining your company. This assumes you stick with ONE company that entire time AND that you are working your business every day and every week.
In most cases, it will take you six to twelve months to be profitable. It should take six to eighteen months to earn $1000 per month in profit. It should take eighteen months to thirty months to earn $3k to $5k per month and three to five years to earn a six figure income.
Once again, this is just my opinion, based upon what I have seen in the industry. However, I’ve met people who worked hard and never earned anything and I’ve met lots of people who built their business up to a six figure income within a year or two. Once again individual results will vary.
What I would like to say is to have realistic expectations based upon the amount of time and effort you are willing to work your business every week. Show me your calendar and I can give you a good idea as to how successful you will be.
You’re not going to build a six figure income within a few years if you are working your business one day a week or a couple days a month.
You have to sow before you can reap. And you can’t take out what you haven’t put in.
People in our industry have such unrealistic expecatitions about how quickly they will make money.
In the traditiaonl business world, people invest a HUGE start up cost to start a business and they don’t expect to make a profit for a few years! Yet, people in MLM give up and say they were scammed if they aren’t making big money within 90 days of joining.
I really don’t get that, but it’s a reality.
Your success really boils down to how bad do you want it and what are you willing to do to become successful.
Everyone has the potential to become a top earner, but few people will ever do it. It’s not much different than the real estate, sales, or insurance world either. Most of those folks fizzle out and don’t become top producers.
Obviously, you can become successful quicker if you are willing to take massive action and build your team quickly. It helps if you have certain skills, too. And if you are a part-timer who is dabbling with it, there’s a HIGH likelihood, you will never earn much more than $500 to $1000 per month.
You don’t build a six figure income doing anything if you are just dabbling with it.
At the end of the day, you must ensure your goals match your effort. Otherwise, you are only fooling yourself.
If you are a successful network marketer, I would love to hear from you. How long did it take you to become successful? What are your thoughts on the time frame I shared with you? Leave a comment below to let me know what you think.
Chuck HolmesWebmaster, OnlineMLMCommunity.com
Phone: (352) 503-4816
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