Today, I’d like to talk to you about MLM Business Goals.
I am a big believe in having written goals for your personal life and business. Setting goals has changed my life and business for the better.
In fact, every successful person I personally know has written goals. They know exactly what they want to achieve, and they have a simple game-plan to follow.
What is a Goal?
There are dreams and goals. Just about everyone has dreams, but very few people have specific goals.
Here’s an example. When you ask a team member what their goals are, you’ll probably here something like this.
- To be financially free
- To fire my boss
- To earn a full-time income
These folks do not understand goal setting, or they would have a different response. On the other hand, when you ask a serious distributor who understands goal setting what their goals are, they might respond with something like this.
- I will earn $100,000 in the next 12-months with my business, so I can bring my wife home from her job.
- I will personally sponsor 100 people in the next 12 months.
- I will prospect 10 people per day, every day, for the next 90-days.
A dream is something you want; something in your mind. It’s something you hope for, but it’s not something you have written down and developed a plan to attain.
A goal is something specific. It’s written down on paper and it’s given a deadline of WHEN you want to accomplish it. It also includes a PLAN of WHAT you will do to achieve it.
Goals are specific, articulated, and focused. Dreams are in your head. Big difference.
Example MLM Business Goals
Here are some example MLM Business Goals:
- I will sponsor 2 people this month.
- I will hit the rank of Ruby this month.
- I will add 200 people to my team this month.
- I will sell $500 in products this month.
- I will earn $1,000 in commissions this month.
- I will prospect 200 people this month.
Personally, I only like one of these goals. Which one do you think is the best, most realistic goal?
The Best MLM Goals
The best MLM Goals are goals you can control. You see, you can’t control what others do. I wish you could, but you can’t.
Out of the example goals I listed above, the only realistic goal on that list is the last one.
I will prospect 200 people this month.
The other goals are dictated by what other people say and do, which you have zero control over.
If you are determined to set goals, the ONLY types of goals you should choose is something you can control. Otherwise, you will end up frustrated and disappointed.
A Common Mistake
When it comes to goal setting, network marketers make a lot of mistakes. The biggest mistake is setting one year, two-year, five year and ten-year goals. The best types of goals are daily, weekly, and monthly goals.
If you do have a big goal in mind, something for the long range, the best thing you can do is break it down and determine what you must do each day, week, and month to hit that goal. And then focus on THOSE goals. By doing that, assuming you stay persistent and consistent, you will reach your long-term goals.
How to Set MLM Business Goals
There are few simple steps you should follow if you want to set MLM Business Goals.
First and foremost, you go somewhere quiet, without interruptions. This will help clear your mind and help you think.
Next, take out a pen and a piece of paper to brainstorm ideas. Spend an hour or two and write down everything that comes to mind.
Once you’ve done that, prioritize your goals. Which goals are MOST important to you? Ultimately you want to whittle your list down to 3-5 goals.
After that step is complete, the next step is to determine what you must do each day, week, and month to hit those goals. Basically, this will help you come up with a daily checklist you can follow.
Finally, share you results with your successful, plugged in upline and seek their input.
Now that you have your goals written down, you should review them daily, and NEVER let a day go by where you don’t do everything on your daily checklist.
Do that and there is a HIGH likelihood you will hit your goals!
What Others Are Saying?
Many people feel as if they are drifting around in the world. They work hard, they are always busy but they don’t seem to get anywhere. One of the main reasons why they feel this way is that they haven’t spent time thinking about what they really want out of their life. Unfortunately the same is true for a network marketing business.
When you don’t know where you are going, it is really hard to get anywhere. Unconsciously many people set themselves up for failure because they have either no goals or very unclear and vague goals. “I want to lose weight” sounds like a great plan but if there is no number and timeframe in place, the people who set this kind of goal will never reach it. Do you want to lose 2 kg or 8 kg? How long will it take to achieve it? Will it take 4 weeks or 4 months?
Goals are what take us forward in life. They are the first steps on every journey. It’s very important that you realize the importance of goal setting and apply this knowledge in life and in business.
Peter makes some great points here. If your goal is not specific and does not have a deadline, it is a dream, not a goal. Take the time and decide what you want to achieve with your business. Set milestones, dates, earnings goals, ranks you want to hit and when, team size, etc. This will give you some specific to aim for.
The first step is obvious choose a goal that will help you grow your network marketing business. Make the first goal an easy one to achieve, as this will build confidence and help attain your more difficult goals. Choose a goal that you can control. An example of this would be…I want to sponsor 3 consultants this month. We can’t control when and if people will join us. However, we can control the goal of talking to 20 prospects this month. This is where we make it a challenge to “GO for NO” and see how many people we can talk to each month. Ultimately, each no brings us that much closer to the YES we are looking for.
Second, we suggest picking a penalty that is emotional. Reward motivation is nice, but we feel having to pay a penalty for not achieving our goal is a little more motivational. Sometimes the risk of loosing is greater than the desire to gain.
Last and certainly not least, share your goals with someone that will help hold you accountable. We could easily keep our goals to ourselves, just incase we decided they were too hard. Then, no one would know that we quit and gave up on our goals.
I love this advice from Julie. Only set goals you can control. Ultimately, you can’t control how many people join, what rank you hit, or how much money you earn in the business. But you can control the number of prospects you approach each day about your products and business. Set goals designed around that and you can’t go wrong.
Write your goal down and keep it in areas where you will see it often: bathroom mirror, computer lock screen, on your phone, in your wallet or purse, in your car, etc.
You’ll be surprised at how powerful this is. Goals become so much more real if you write them down and look at them often.
It’s also important to track your progress along the way. There WILL be ups and downs, but tracking your actions and results is critical to having fast success in network marketing.
Visualizing your goals is essential. This is where a good vision board will come in handy. Create several vision boards. Post these vision boards in different rooms in your home or where you work. Refer to it often.
Also, when it comes to tracking your stats, this is something smart business owners do. If you don’t track it you can’t improve it. Track everything you do. Once a month, review the numbers and determine areas you can improve upon. Repeat this process monthly and never stop.
In conclusion, these are my thoughts on MLM Business Goals. What do you think? Do you agree or disagree with me? Leave a comment below to share your thoughts. I look forward to hearing from you.