Today I want to share some time management tips for network marketers. Everyone I talk to is busy. Everyone is in a rush. Everyone is go, go, go. Unfortunately, most of these people are busy getting nowhere fast.
Quite perhaps the biggest struggle that most network marketers deal with on a daily basis is managing their time effectively. Most network marketers have day jobs and a family life. By the time they get home from a long day at work, eat dinner with their family, help their kids with their homework and watch their favorite television show, there is no time left to build the business. Can you relate?
That’s how most people feel anyway. I don’t necessarily agree with that because people ALWAYS have time to do the things that are important to them. When people tell you they don’t have time for something, it’s because that activity is not truly important to them.
Some folks are definitely more disciplined with their time than others are. I’ve found that it’s the people who manage their time the best that do the best in our industry. Typically, the BUSIEST people are the ones who do well with the business. Busy people get things done! Show me someone with a lot of free time and I can show you a lazy, broke, or unsuccessful person.
Now, when it comes to building a large and successful MLM Business it doesn’t have to take over your life, if you know how to work smart. But, you do need to set aside some time (at least 60 to 90-minutes) every single day to build your business, no matter what.
The business won’t build itself on its own, and if you aren’t willing to commit to at least that amount of time to your business, you will never make it on a grand scale and create a full-time income.
Top 7 Time Management Tips for Network Marketers
When it comes to managing your time effectively, here are a few things you can do help yourself out. Keep in mind these tips are listed in no particular order.
# 1: Get a Day Planner
The first thing you need to do is get a day planner so you can schedule your time. Schedule in times for family, time for work, time for hobbies and time for your network marketing business.
Schedule your date night, your company events, time for your hobbies, time for your kids and spouse, etc. You will quickly discover how much easier it is to manage your time when you break it down into bite sized chunks.
I’ve found that when I can look at my entire day (or month) in a day planner, it gives me clarity and keeps me focused.
Make sure you buy a day planner that breaks each day down into hours, so you can write in your scheduled activities. I’ve found it’s best to plan out your day in 15 minute increments.
# 2: Have Set Business Hours
If you didn’t go to your job every day, you wouldn’t get paid. Most people understand that. Yet these same people spend ZERO time growing their network marketing business and wonder why they aren’t making money.
If you owned a restaurant, dry cleaner, gym or any other type of business, you would have SET BUSINESS HOURS.
Well, your MLM Business should also have set business hours, even if it is just 30 to 60-minutes per day. Set aside a good time every day where you can work on your business. Don’t ever, for any reason, let a day go by where you don’t have your business “open for business.”
Each Sunday night, plan out your upcoming week. Determine what days you will work your business, during what hours and what activities specifically you will do during that time. If you don’t plan it, it won’t happen!
# 3: Focus on the Money Producing Activities
Not all activities in your business are created equal. The money producing activities are prospecting, showing the plan, following up, training your team, and finding customers. Cleaning your office, organizing paperwork, sorting your files, listening to webinars, going to meetings, and surfing YouTube are not money producing activities. Make sure that 90% of your business hours are spent EXCLUSIVELY on money producing activities. Simply put, don’t confuse busy work with being productive.
Spend all of your time retailing and recruiting. We get paid to talk to people. That’s it. Talk to new prospects every single day, and watch your business grow.
# 4: Get Rid of Your Television
Most Americans watch AT LEAST three hours of television a day, if not more. My best advice is to donate your television to a local charity, or make a commitment not to watch television for a few years.
Sound harsh? To some folks it might be extreme, but when was the last time your television helped you improve your financial situation? Probably, never. If you find yourself watching television every night, but not building your network marketing business, you need to do something extreme to break the habit.
Another option is to plan your television time in your day planner. Determine which days you will watch television, at which time of the day. Schedule in time to watch television and relax AFTER you’ve done your money producing activities for the day.
# 5: Do Things in Batches
Another great time management tip for network marketers is to do things in batches. Do similar activities at the same time. Maybe you can make all of your follow up calls on Mondays. Maybe you can do your prospecting on Tuesdays. Maybe you can train your team on Wednesdays. Maybe you can show all your presentations on Saturdays. When you do things in batches you can work smart and free up a lot of your time.
# 6: The 45/10/5 Rule
I love the 45/10/5 Rule. It goes something like this. Work straight for 45 minutes with no interruptions. This means you shut down the internet, turn off your cell phone, close Facebook and focus on making calls or whatever money producing activities are scheduled. During this time you refuse to let ANYTHING interrupt you.
Once you’ve finished 45 minutes of work, take the next 10 minutes and relax and have fun. Check your email, go to the bathroom, get a drink, watch a funny video; whatever you feel like doing.
Finally, once those ten minutes are up, spend the next five minutes planning out your next hour. Write down exactly what you will do in the next 45-minutes of work. Break it down by the minute. Have a prioritized checklist.
Once complete, repeat this process over and over throughout your work day. I encourage you to try this in your job and your network marketing business. It’s a really easy way to be more productive.
# 7: Have a Daily To Do List
Every day, you should have a daily “to do” list. It should have everything written down you need to do that day. It should also be prioritized. When you start the day, start with the most important task first and don’t do anything else until it is complete. Once finished, scratch it off your list and move to the next task. Keep repeating this process throughout the day and watch your productivity go through the roof!
Bonus Tip: Remember the 20/80 Rule
My bonus tip is to remember the 20/80 rule which states that 20% of your activities and efforts will produce 80% of your results. Just make sure that you spend at least 80% of your time on those top 20% important activities. Not all tasks are created equal.
If I could share one final time management tip for network marketers, it would be this. How many new prospects did you talk to today about the products or business opportunity? That is the only question you really need to ask yourself each day to know if you are moving in the right direction with your business. If the answer to that question is anything less than 5 people, you need to make some changes in your business. After all, we get paid to talk to people.
The bottom line is that time is your most precious asset. You must learn how to manage your time effectively if you ever want to succeed in network marketing, especially if you are a part-timer with a family and job.
Fortunately for you, it doesn’t have to be all that difficult. All it really takes is a little bit of discipline and planning. Follow the time management tips for network marketers listed above and you should be well on your way.
What are your thoughts? How do you manage your time effectively? Leave a comment below to let me know what you think. I look forward to hearing from you. Have a great day.