Start Thinking Long Term with Your MLM Business

Most people who get involved with network marketing have never owned a business before, As a result, many of these folks are SHORT-TERM thinkers.

They’re accustomed to looking toward ‘the next payday’ or the ‘first of the month.’

In addition, they’re used to trading hours for dollars.

When it comes to building a successful business of any type, you need to think long-term.

Yes, you need to take daily action to build your business every day, but you have to realize that Rome wasn’t built in a day.

I’ve personally known, studied and interviewed hundreds of successful entrepreneurs (in a variety of industries) and most of them told me it took them a FEW YEARS to build a profitable and successful, SUSTAINABLE business.

Some made a profit in their first year.

Most didn’t.

Yet, none of these entrepreneurs gave up after 60 or 90 days!

They kept pressing forward, following their vision.

That’s exactly what you need to do.

If you want to succeed in MLM, you need to think long-term with your MLM Business.

What do I mean by that?

First and foremost, you should commit to your business for a minimum of TWO YEARS before you ever second guess yourself or question what you are doing.

Two years is the minimum and five years is much better.

If you quit before that, you never even gave yourself a fair chance.

take the long term viewAfter you make that commitment, you need to set some clear, attainable goals and write them down on paper.

It’s good to share these goals with your spouse, mentor or sponsor.

Once you have goals you need to create an action plan that shows you what you need to do each day to reach your goals.

This is where you business mentor or successful upline can really help you out.

From there you must have the DISCIPLINE and PERSEVERANCE to follow through.

This is hands down where most network marketers struggle.

Finally, you must have realistic expectations.  Your first year should be committed to learning the ropes about sales, marketing, leadership, your company’s products and the MLM Industry.

Yes, you should have a mentor and take some courses (and read some books) on these subjects, but hands down the best way to learn is to roll up your sleeves and get out in the trenches!

You will learn more by doing that than you ever will by studying!

It’s also important to realize that your initial enthusiasm will fade.

Just like dating, most business owners start out with lots of excitement, but eventually it wears off.

It’s what you do AFTER the excitement fades that really matters.

If you’re like most people, you will chase the next shiny object.

But if you are serious, you will keep pressing forward with your current company.

As time progresses, an amazing thing will happen (assuming you stick with it).  You will start sponsoring people. Your team will grow.  Your bonus check will increase.  You will gain new skills.  You will become a leader.  And you will ultimately become a success story.

But none of this will happen for you if you don’t think long-term.

If you’re expecting to make $100, $500 or even $1000 profit in your first few months, get ready to eat a big lunch.

In most cases, it will take time to build up some momentum and growth in your new business (just like ANY other business).

But as the momentum grows, good things will start to happen.

Other Posts You Might Enjoy:

  1. How to Develop a Long-Term Income with Your Business
  2. Dealing with Attrition
  3. How to Achieve MLM Success
  4. Managing Your Money and Cash Flow
  5. Time Management Tips for Network Marketers

Final Thoughts

The bottom line is to get rid of your short-term thinking and do what the successful network marketers do.

They work their business daily, but they think long-term!

What are your thoughts?  Leave a comment below and let us know.

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Chuck Holmes

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4 thoughts on “Start Thinking Long Term with Your MLM Business

  1. Diamond Grant

    Great post. Long term goals are necessary in order to succeed in MLM. You need solidified goals and a very detailed plan in order to reach any level of success. Goals help you to understand where you want to be and a plan gives you a guide as to how to get there. You definitely have to be truly committed in order to keep pressing forward when circumstances get tough, because they definitely will. However, it is that determination that will carry you far in MLM for sure.

    Reply
  2. Faye

    I love that you point out, over and over again, in your blog that MLM is a marathon. You simply NEED to think long-term. It is difficult for most paycheck (bi-monthly or every other week) people to make that transition. The benefits are there: they just are not immediate, no matter what your recruiter might tell you. Anyone who is considering the transition to an MLM lifestyle (because it is more than just a business) should be an avid reader of your blog, before deciding to make the change.

    Reply
    1. chuckholmes Post author

      I think I could argue that ALL businesses are long-term. Yes, most businesses can provide SOME immediate income, but the full-time income or big bucks normally takes several years, if not longer. Patience is a virtue. One of the reasons so many people fail in business is they give up so easily. They expect to trade hours for dollars and if they don’t make any money right away, they quit. I like to think of building a business as something similar to building a home. You have to build the foundation first, before you can build the home. And if you don’t build the foundation right, everything will crumble.

      What’s great about MLM is that is is part-time. You can keep your day job (and should) while you build your business! I think that’s a win-win situation.

      Reply

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