Today, I’d like to share 8 simple ways to get out of an MLM Slump. A slump is when you feel stuck. It’s as if nothing in your business is working. You aren’t getting the results you expect, and you are frustrated. You might even be thinking about quitting the business!
Everyone in our industry gets in a slump at some point. It’s quite normal, although it can be avoided!
How to Get Out of Your MLM Slump
None of these tips are rocket science, but they do work. If you’re currently in a MLM Slump, I hope you will evaluate yourself in each one of these areas.
# 1: Re-Examine Your Why & Purpose
This business can be mentally exhausting. In fact, it will be an emotional roller coaster filled with constant ups and downs. If you don’t know your why, the odds are you will quit when things get tough or don’t go exactly as planned.
What is your why? It’s your reason for doing the business. It’s what you would do with the time freedom and financial freedom your business provided.
Could you tell me your why in one or two sentences? Does your why excite you? Do you think about it 24/7? If not, you should reassess and dig deep.
Go somewhere quiet for a few hours and think about your why, your vision, and your future. Take out a pen and a piece of paper and write down everything that comes to mind.
You need a big why that sets your world on fire and will keep you motivated, even when you face obstacles and setbacks.
Every successful rep I’ve met could tell me their why. Hopefully, you can too!
# 2: Assess Your Activity Level
If you’re in a MLM Slump, it’s important to be honest with yourself and assess your business activity levels during the past 90 to 180 days.
Over the past six months, how many people have you prospected DAILY? How many presentations have you given? How many customers and distributors have you personally enrolled? Honestly?
Your CURRENT paycheck in the business is a direct reflection of the work you did 90 to 180 days ago. If you want your income to grow in the next three to six months, you must increase your current activity levels.
The ONLY reason your business is in a slump is you did not CONSISTENTLY talk to enough people about your products and business. New customers and distributors solve ALL business problems. In fact, new people are the lifeblood of your business.
# 3: Back to the Basics
If you’re in a MLM Slump, you must get back to the basics. Think about what you were doing when your business was growing, and you were succeeding.
Get out of management mode. Stay focused on the income producing activities, rather than busy work.
Approach new prospects daily and focus on the fundamentals: prospecting, recruiting, retailing, and team building.
Spend 90% of your work hours on retailing, recruiting, and team building. Make MOST of your focus on personal recruiting UNTIL you have 20-50 personally enrolled people ordering each month AND/OR you have five serious people you can work with. Once you’ve done that focus MOST of your time on helping your team succeed.
# 4: Get Plugged In
Get plugged in with your coach. Find a mentor you admire and respect and humble yourself enough to get guidance from them and DO WHAT they teach you.
Get plugged in with your team’s events. Attend their weekly webinars and conference calls. Join your team’s Facebook group and check in daily.
Get plugged in to the corporate events and Facebook group, so you are in tune with announcements and updates.
Whatever you do, don’t be a lone wolf. This business is a team sport. Immerse yourself into your team, mentor, and the business. That’s what successful entrepreneurs do.
# 5: Assess & Evaluate Your Daily Routine
If you are in a MLM Slump right now, it probably has something to do with your daily routine. Good habits produce good results and bad habits produce bad results.
Show me your calendar and I can tell you the size of your commission check. Why? Our activity level determines our income!
You must evaluate, and possibly re-evaluate, your current day-to-day activities in your business. Do less busy work and more income producing activities.
If your current routine is not working for you, CHANGE IT. Identify three to five things you can do each day to keep your prospect pipeline full and grow your business. Never, EVER let a day go by where you don’t do everything on your daily “to do” list.
# 6: Assess & Improve Your Skills
Everyone has strengths and weaknesses. Evaluate your skill level and be honest when you do it. Figure out what you are good at and what you suck at (in the business).
Identify potential things you can do to grow your network marketing business that LEVERAGES YOUR STRENGTHS. Talk with your coach, upline, and people you respect and trust. Ask them what they think you could improve. Do not let their advice offend you. Be a sponge and learn from it.
Read daily. Watch videos and listen to podcasts. Talk with your coach daily, stay plugged in, and attend all events. Set aside 20 to 30-minutes daily for personal development.
Finally, get into activity mode an learn by doing. You will learn more by doing something for one hour than you will by studying it 100 hours.
# 7: Increase Your Activity
Of all the tips on this list, the fastest way to get out of an MLM Slump is to talk to more people. If you are currently approaching one or two people per day, start approaching 10 to 20 people per day. This increased activity will lead to more exposures, more signups, and more customers. It’s true, what you lack in skills you can make up for in numbers!
If you’re wondering where to find these prospects, start with your social media. Most people have 500+ Facebook friends. Plus, if each of those people know 500 people, that is 250,000 potential prospects on Facebook alone.
Another thing you can do is pick one or two lead generation strategies. Learn everything you can about those chosen strategies. Take all out massive action so you keep your pipeline full.
Finally, pick a number between FIVE and TWENTY. Whatever number you pick, make sure you approach that many NEW prospects per day, every day, six days a week.
# 8: Do a 90-Day Blitz
The best thing you can do to get out of a MLM Slump quickly is to do a 90-Day Blitz. Talk to any top earner, and I can almost 100% guarantee they will credit much of their success to doing a 90-Day Blitz at the beginning of their business.
This is when you take all out massive action. You do more in 90-days than you would normally do in several years. You 10x or 20x your efforts and enroll a lot of new customers and reps in a short period of time.
This creates rapid growth, excitement, and momentum in your business. After the 90-days are finished, you can resort to your regular pace.
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Final Thoughts
In conclusion, these are eight simple things you can do to get out of your MLM Slump. None of this is rocket science, but all of these things will help you move your business forward.
What are your thoughts? Do you agree or disagree with me? Do you have any additional tips or insights to get out of a MLM Slump? Leave a comment below and let me know what you think. I look forward to hearing from you.
Suggested Reading
- How to Get Leads from Safelists
- How to Get Free Website Traffic
- How to Build Your MLM Business on YouTube
- Retail to Recruit Strategy
- How to Get Organized in Your MLM Business
Sincerely,
Chuck Holmes
Network Marketing Professional (21+ years)
Top Recruiter & Top Rep
mrchuckholmes@gmail.com