Today, I want to share a simple five year plan for anyone building a network marketing business. I think it’s really important to have a five year plan for your business. You have to understand that it takes TIME to build any type of successful business, especially when you are building it on a part-time basis.
It’s good to have short-term goals, too, but you need to have a long-term game plan for your business as well.
Here is my suggested five year plan for you.
- Get 2,610 prospects
- Show 600 business presentations
- 120 people personally sponsored
- 240 customers acquired
Now, I know this sounds like a lot, but trust me, it’s very manageable to do if you break it down into bite-sized chunks.
Here’s what you need to do each month to accomplish it.
- Meet 2 new prospects a day, Monday through Friday (add to rolodex)
- Show 10 business presentations a month
- Sponsor 2 people a month
- Get 2 new customers per month
- Send your mailed newsletter once a month
If you were to do this every month for five years, I know you could EASILY hit the five year goals I described above.
Now, I know that not all of the distributors you bring into the business (and customers) will stick around. Assuming the 20/80 rule, let’s assume that 96 of those 120 people you personally sponsored QUIT the business, leaving you with 24 serious people.
The same with your customers. Let’s assume 80% stopped being customers. That would leave you with 48 GOOD customers (192 quit).
Do you think you would have a SOLID business if you have 24 very serious people personally sponsored and 48 GOOD customers who kept ordering every month? I do.
And here’s where it really gets fun. What if you could teach everyone on your team to do the same thing? Or, what if you could teach even 10% of your team to do the same thing? How big would your business be?
Even better, you will have a newsletter subscriber list of 2,610 names. Many of these folks will join your business as a distributor or customer when the timing is right for them, as long as you keep in touch each month. Even though most of them told you NO in the beginning, it doesn’t mean NO forever.
You see, most folks really have a short-term mindset for their business. It’s as if they expect to get immediate results and start making boat loads of money right away. I’m sorry to break the news, but that’s just not the way BUSINESS works.
All businesses take time to build and nurture, especially if it is a part-time business.
Here’s what important to realize. Anyone can do the steps I mentioned above. It’s not hard to do. If you are talking with people you meet you will easily find prospects to share your products and business opportunity with. It’s inevitable.
Of course, you have to put a smile on your face, stick your hand out, and meet new people! But if you’re willing to do that, you will succeed.
My challenge for you is to commit to this five year plan for your MLM Business and never quit. The five years is going to go by anyway. So, why not spend the time building your future, in just 10-12 hours per week?
What are your thoughts about my five year plan for your MLM Business? Leave a comment below and let me know what you think.
Network Marketing Professional (since 2002)
Author, Blogger, & Entrepreneur
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