Today, I want to teach you a different way to think about your network marketing business. I want to give you some secret advice that will give you realistic expectations for your business and also provide a strategy that is doable for just about anyone.
From this day forward, think of your network marketing business as a part-time, long-term project. Don’t think of it as a way to make immediate income. Don’t think about the big money or going full time right away. Don’t think about getting rich quick. Instead, keep your day job (or primary income source) and let your network marketing business be your part-time, long-term project, your Plan B.
Let’s break it down on what that means and how to do it.
First off, network marketing is designed to start part-time. No new business is designed to provide immediate income to live off. Most businesses take minimum of a few years of hard work to provide any type of solid income, and that’s assuming you are doing it full time! Since you are doing your MLM Business part-time, it might take even longer than that.
If you are getting into this industry because you need money NOW, you will starve. It takes time to build up a network and build up a residual income. It takes time to build ANY type of business. It won’t happen in a few months, and probably not in one or two years. It’s going to take a period of minimum three to seven years, if you are doing it part-time, and maybe even longer.
Everyone needs a primary income source while they are building their business (any type of business). This keeps the financial pressure off, so you can pay your bills and maintain your standard of living, all while you work on your Plan B, part-time.
Even if it takes you one or two decades to build a six figure residual income in your network marketing business, it’s worth it! Most people will not agree with this statement, because they cannot think long term. The truth is, life goes by quickly. At the end of the day, even if it takes you 10-20 years to build up a large business it’s worth it.
Assuming you buy into this mindset about your business (the part-time, long-term approach) here are the steps you should follow to make it happen.
# 1 Set aside 30 to 60 minutes per day for your business.
Yes, you can build a successful network marketing business over a period of time by working just 30 to 60 minutes per day. That’s what I do. Assuming you only do the money producing activities during those 30 to 60 minutes of work, you will be fine. That means you spend your business hours prospecting, inviting, showing the plan, following up and training your team. Just remember that you need to set aside time every day to work on your business, no excuses. Plan your work and work your plan. Never go to bed at night until you have done your 30 to 60 minutes of work on your business.
# 2 Work your business minimum five days a week.
At a bare bones minimum, work your business five days each week. Six is ideal, but five is the bare bones minimum. By all means take off Sunday to relax with your family and worship. If you work your business five days a week, 52 weeks a year, that would be 260 days. If you worked your business one hour each day, that would be 260 hours. Multiply that over a 10 year period and that would be 2600 hours. Just remember that you can never miss a day. Be disciplined and no excuses.
# 3 Stay consistent with one company at least ten years.
The last step is to stay with one company for the long haul. Don’t be a MLM Junkie and jump around from company to company. Find a good company and stick with it. That’s the only way this plan is going to work.
Putting It All Together
I know this plan doesn’t sound sexy, but it is realistic and doable. One of the reasons we have such a high turnover in our industry is because people have unrealistic expectations about what a part-time business can and can’t do.
I read in a book last week that said something like this. “Even if it takes you 10 years of building your business part-time to make a six figure residual income, it would be worth it.” I couldn’t agree more. Remember, Rome wasn’t built in a day. Good things take time. And besides, 10 years goes by pretty quickly anyway.
There you have it folks. Some of the best advice I can share with you is to think of your network marketing business as a part-time, long-term project. All you really need to do is pick a good company and stick with it, work your business 30 to 60 minutes a day at least five days a week, and be consistent over a period of years. Do that and you will succeed!
What are your thoughts about this plan? Leave a comment below to let me know what you think. I look forward to hearing from you.