How to Set Goals in Your MLM Business

Today, I’d like to teach you how to set goals in your MLM Business.

Goal setting changed my life for the better. I learned goal setting during my time in Amway. What they taught me about setting goals has shaped many aspects of my life. My goal today is to share with you what I learned, so you can apply it in your own MLM Business (and personal life).How to Set Goals In Your MLM Business

What is a Goal?

A dream is something you want to do. It’s something you think about often. On the other hand, a goal is something you want to do, but is written down on paper and given a deadline of when you will achieve it by.

Everyone has dreams, but few people ever take the time to put their dreams on paper and transform them to goals by setting a deadline and coming up with a plan to achieve them.

What is Goal Setting?

Goal setting is when you sit down with a pen and paper and write down what you want to achieve in life. You are as specific as possible. Once you write down your goals, you determine when you want to achieve each goal by. Here is a simple example to put things in perspective.

Dream: I want to lose weight and look good naked.

Goal: I will lose 20 pounds in the next 90-days by consuming no more than 1,500 calories daily and exercising three times per week.

Can you notice the difference between these two statements? One is very generic and the other is very specific. In my own opinion, the person with the goal has a much higher likelihood of succeeding than the person with the dream.

Why Should You Do It?

Setting goals is very powerful. Seeing your goals on paper and having a deadline next to each goal gives you clarity and purpose. You can visualize your dreams coming true. I also believe it helps get your subconscious mind working in your favor.

I put all of my goals on a sheet of paper and take it with me everywhere I go. I look at it often. This reminds me of my goals and helps keep me focused. If my goals change, and they sometimes do, I update my goal sheet as needed."A goal is a dream with a deadline." ~ Popular Quote

How to Set Goals in Your MLM Business

I believe it’s vital to set goals for your MLM Business, if you want to succeed in a big way. You should have long-term, monthly, and daily goals. Think of your long-term goals as your final destination, whereas your daily and monthly goals are what you are going to do consistently to reach your long-term goals. Also, if you start with your long-term goals first, you can then plan backwards and determine what you need to do each step of the way.

Setting Your Long-Term Goals

It’s vital that you take some time and figure out WHY you are doing the business. Identify your why. This is what moves you and inspires you.

You want a why that will make you cry. Without a big why you will never overcome the struggles and setbacks you will experience while building your business.

When you set your long-term goals, be specific. Figure out what type of income you want to make, and then calculate what rank you need to achieve, how much volume you need and what sized team you need to achieve to reach your goal.

For example, let’s suppose your goal is to get to $10,000 per month in your business. You decide you will work really hard for the next 36-months to get to that level. Using this as an example, here are some example long-term goals.

My big goal is to be debt free and quit my job within 36-months from today so I can do the business full-time and be in control of my time and life. 

To do that, I must:

  1. Earn $10,000 per month by (36-months from today’s date)
  2. Personally enroll 144 people
  3. Reach the rank of Diamond
  4. Have a team of at least 7,500 people
  5. Generate 125,000 in monthly team volume
  6. Pay off $15,000 in credit card debt

In this example, you have clearly identified what you need to do to reach the $10,000 monthly income goal. If you are brand new, talk with your coach or sponsor to figure out what sized team you would need, what rank you would need, and how much volume you would need to achieve your goals."Failing to plan is planning to fail." ~ An old Army saying

Setting Your Monthly Goals

Once you know your “long-term” goals you can set your monthly goals. What I like to do is take my big goals and then divide it my the amount of time I have to reach the goal. That lets me know how much I need to do each month to reach my big goal in the respective amount of time.

Using the big goals I set above, and knowing I have 36-months to make it happen, I know that each month, I need to:

  1. Talk to 150 people
  2. Give 20 presentations
  3. Personally enroll 4 people
  4. Add 200 people to the team
  5. Rank advance to the next rank
  6. Pay off $500 in credit card debt

By having crystal clear monthly goals, you can develop a daily action plan that will get you to where you want to be.

Setting Your Daily Goals

The last step is to set your daily goals. Once you know your monthly goals, this is pretty easy to do. You just take each of your monthly goals and divide them by the number of days in the calendar month.

Using the example monthly goals above, this would be an example daily goal.

  1. Prospect 6 people daily (Mon-Fri)
  2. Give 1 presentation daily (Mon-Fri)
  3. Add 6-7 people to the team (daily)
  4. Put aside $15 to $20 to pay off credit card debt (daily)

Obviously, you can’t control if you rank advance or how many people join your team. This is one reason I let to set goals on things YOU can control. You can control how many people you prospect and how many presentations you give. However, you can’t control who gets it, who gets to work, or who stays!

When you set goals around things out of your control it often leads to disappointment. As you complete this exercise yourself, I HIGHLY encourage you set goals based on YOUR efforts. That is the best way to do it. If that’s the case, I would eliminate number three and just set the following goals.

  1. Prospect 6 people daily (Mon-Fri)
  2. Give 1 presentation daily (Mon-Fri)
  3. Put aside $15 to $20 to pay off credit card debt (daily)
Final Thoughts

In conclusion, these are my best tips on how to set goals in your MLM Business. Goal setting has changed my life for the better.

It’s a proven fact that people who set WRITTEN goals are more successful than people who don’t set written goals. I encourage you to make some time, go somewhere quiet, and write down everything you want to accomplish in your life and business. After you do that, follow the advice outlined in this article and prioritize your goals, give them a deadline and then come up with an action plan you can follow to propel yourself forward.

What are your thoughts on how to set goals in your MLM Business? Is this something you currently do or is this a foreign concept to you? Leave a comment below to let me know what you think. I look forward to hearing from you.

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