The Money Producing Activities in Network Marketing

Today, I want to teach you about the money producing activities in network marketing.

This information could be life changing if you actually learn it and APPLY it in your business.

I learned a long time ago that not all activities are created equal.

Some activities grow your network marketing business while other activities completely waste your time.

You have to understand that there is a huge difference between being productive and being busy.

Everyone is busy, yet few people are really productive.

You can do busy work with your job and not get fired.

But, if you are an entrepreneur you will NEVER get paid for busy work.  Instead, you have to focus on income producing activities.

I.P.A. baby.

Just like the Root Beer.

Since you are more than likely building your network marketing business part-time, you have to learn how to work smart.

There is only so much time in a day and you want to make sure you are doing things that will actually make you money and move your business forward.

Let me start by telling you what is NOT a money producing activity:

  • Talking with your upline
  • Talking with your cross-line
  • Watching YouTube videos
  • Searching the internet for information
  • Cleaning your office
  • Getting ready to get ready
  • Calling the same person 20 times
  • Sorting your files or leads
  • Sitting at your desk staring at the phone
  • THINKING about your business
  • Attending an event

money producing activities in mlm memeThese are just a few examples of activities that do NOTHING to actually grow your business.

I’m not saying these activities aren’t important.  I’m not saying you should never do any of these things.

Just realize you should only do these “non income producing activities” AFTER you focus on the money producing activities.

They should be done during your non-productive time, ignored, or outsourced.

WHAT ARE THE MONEY PRODUCING ACTIVITIES?

So what are the money producing activities in MLM?  Here they are as I see it.

  • Prospecting
  • Inviting
  • Showing the Plan
  • Following Up
  • Training Your Team
  • Getting Customers

I will cover each topic in greater detail below.

# 1 Prospecting

This includes any activity where you are meeting NEW people to share your products or business opportunity with.

You could do this at events, online, on Facebook, by cold calling, or in person.

It does not include calling your Aunt Nelly for the 40th time to see if she is finally ready to sign up.  Learn more about prospecting.

# 2 Inviting

This is one of the most important activities you can focus on if you want to build a big and profitable network marketing business.

This is when you invite someone to attend a presentation, watch a webinar, join a conference call, etc.

Show me someone who can master this one skill and I can show you someone who will be very successful in their business.  Learn more about inviting.

# 3 Showing the Plan

This is a very important step in the process.

This is where you EXPOSE people to the products and business opportunity so they can make an informed decision as to whether or not it is a good fit for them.

You can do this in person, have your upline help you, or use an audio or video to show the plan.

I highly suggest you use a third party tool for all presentations.

Remove yourself from the equation so you can be the messenger, not the message.  Learn more about showing the plan.

# 4 Following Up

The money really is in the follow up.

You’ve probably heard that before.

The truth of the matter is you will probably have to follow up with your prospects 5-20 times before they join or buy.

Every time you follow up with someone, they are one step closer to buying or joining.

Whatever you do, don’t expect people to sign up on the spot.

Most won’t.

Learn more about how to follow up the right way.

# 5 Training Your Team

Training is a very important step if you want to build a big team.

Most people need to be told EXACTLY what to do.

Most distributors will require a tremendous amount of hand holding, encouragement, babysitting, and support.

Make sure every new rep gets their initial training.

Do a weekly call.

Get people attending events.

Train your team in a group setting whenever possible.

Save your one-on-one time for your producers.

Learn more about how to train your team.

# 6 Getting Customers

This is definitely a money producing activity.

You need lots of customers, at least five to twenty personal customers.

After all, what would your team look like if every distributor had ten customers?

Getting customers will make you profitable and it will also duplicate in your team.

If you don’t have customers, you don’t have a business (just my thoughts).

By all means, focus on recruiting others, but realize that you only get paid when products are moved.

I believe every rep should be required to find five to ten customers before they sponsor any distributor.

Learn more about getting customers.

ARTICLES YOU WOULD BE FOOLISH NOT TO CHECK OUT:

  1. The money is in the list
  2. How to make money even when people don’t join your team
  3. Is MLM easy money?
  4. How long does it take to make money in MLM?

network marketers fool themselves memeMANAGING YOUR TIME

What I think you should do is spend at least 90% of the time you work your business on money producing activities.

For instance, if you are working your business 10 hours per week, you should spend nine hours of that time on money producing activities and the remaining hour on other things.

The more time you can spend on the money producing activities the better off you will be.

And the more money you will make.

Do the most important things first and then do the remaining tasks that aren’t as important.

A lot of network marketers really fool themselves.

They spend all of their time THINKING about their business, or doing low priority tasks, and then they wonder why their business isn’t growing.

Don’t make the same mistake.

Focus your time, money and effort on tasks that actually grow your business.

FINAL THOUGHTS

What are your thoughts?  What do you think are the money producing activities in network marketing?  Leave a comment below to let me know what you think.  I look forward to hearing from you.  Have a super awesome day.

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Chuck Holmes

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12 thoughts on “The Money Producing Activities in Network Marketing

  1. Jason Ruth

    This is where it’s at! All too often people spend more time preparing and getting ready to start those money producing activities, but Never actually implement them.

    Reply
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  3. Diamond Grant

    People may think that training is not a money making activity, but it really is. The more time you spend investing in your team the more they learn. They are then able to take what they’ve learned through training and apply it in a way that makes the business money. Granted, you have to ensure that you are training people who have the dedication and interest otherwise you’ll be costing yourself by investing time and even money in training materials on people who have no real desire to do anything.

    Reply
      1. Greg Boudonck

        You hit a nail directly on the head with that statement Chuck. I have been involved in sales for a good part of my life. I have watched sales people get over trained and they are in worse shape than the ones who were under trained. In the home improvement company I worked for, sales people went through a short training. They then went with an experienced person for 2 demos, and they were then on their own. It worked great. Along comes this “hot shot” manager who wanted a longer training. It was a failure. Sales plummeted and sales people quit, all because there was too much training.

        Reply
  4. Greg Boudonck

    This is something that everyone, not just network marketers need to realize. I often find myself doing things that are not money makers. I have learned to use time management strategies and use my time wisely. I believe one of the first priorities in network marketing should be getting customers. When people use the products or services, it makes it easier to get them to want to be distributors.

    These were some great reminders. As business people, we always need to be aware if we are doing things that will make us money.

    Reply
      1. Greg Boudonck

        There are many things that need to be done that are not money making activities. I highly recommend outsourcing as many as possible so we can stay focused on the projects that are actually creating profits. Some things such as blog posts, tweets, cleaning the office, and other things can be outsourced. Yes, they cost money, but if you are spending more time on money making activities, it will be worth spending that money. If you figure out your worth per hour, and the hours you spend doing non-essential things, I believe you would agree.

        Reply
    1. Diamond Grant

      Customers are what really make the business so they should be a priority. A good solid group of customers can make you more money than many distributors in some instances. Some people try so hard to get as many distributors as they can that they neglect the customers, and what good is a bunch of people willing to sell the products if you have no one to sell the products to?

      Reply
      1. chuckholmes Post author

        I agree that everyone rep needs customers, and should have lots of them. It’s great to recruit as well, but most companies place no emphasis on customer acquisition. If there are no customers it isn’t a real business.

        Reply

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