There are many crucial factors to thriving in Network Marketing, and no matter what the company you are involved in, the product that you are selling or the layout of the compensation plan, these 4 Core factors determines whether you sink or swim in this industry, and if you are going to ever achieve true success.
It\’s not unusual to hear stories about a lot of folk who have made several attempts at joining various companies but never made one sale or received a penny from their companies. These same people usually become bitter and disillusioned about the industry, while spreading the \”it doesn\’t work\” gospel, all because they didn\’t practice these 4 Key Elements.
If you\’re asking yourself why so many people struggle in this industry, while others breeze through like Kobe Bryant on the court, the answer is within these 4 Basic Principles.
Network Marketing might appear to be complex and mysterious, but it\’s in fact a basic set of principles that needs to be applied BEFORE you will see any success. Top Earners have embraced these principles for years, and now you will too!
#1) Identify what you want to achieve!
On your first day in the business, it\’s normal practice to have your sponsor coach you on the value of creating what is known as the \”What is your why\” speech. Whether you disregarded this essential step as just another cliche scripted speech, or you seriously considered \”why?\” you\’re in this industry, I encourage you to take the time out to truly think about what you want to accomplish and why?
The challenge with entrepreneurship is that everything sounds awesome in the beginning. With countless ideas going through your mind and the internal fireworks popping in your head around all the possibilities of success and possible financial growth that is waiting for you, it\’s very easy to get fired up \”at first\”.
Having said that, once the excitement fades and reality kicks in, it\’s just as easy to put things off and become discouraged, fatigued and burned out because your vision isn\’t manifesting fast enough.
Having a vision and realizing what you want to achieve is so important for this very reason. Through those moments when you do face resistance (which you will), and you run into difficulties, you need to have insight as to why you\’re doing what you\’re doing to begin with. By doing this, regardless what you face, you have the sense of purpose to press beyond the obstacles and get much closer to your goals.
Goals create purpose, purpose makes energy, energy translates into focus and focus supplies you the motivation and drive to do what it takes to succeed!
#2) Decide what you are prepared to give up to reach your goals!
This is Major!!! Far too many folks miscalculate their responsibility of \’giving up a few things\’ as a way to achieve success. The bottom line is that success isn\’t easy and nor does it take place by mistake. It\’s a very deliberate act that demands some level of compromise in the process.
For instance, you probably have your favorite television shows that you like to watch or a hobby that you like to practice in your free time. However, when you commit to developing your business, those shows might be missed and your hobby may well be placed on hold for the time being in place of you going to networking events and hosting business opportunity meetings.
If you determine what areas you\’re willing to compromise on the front end as a way to accomplish your goals on the back end, this step alone will disclose if you have what it takes to be a leader in this industry!
#3) Surround yourself with like minds!
Simply put, Your Network = Your Net Worth?
In this industry, you\’ll have the pleasure of being around Millionaires, positive thinkers and Dream Builders. Network Marketing is one profession that continually promotes the message that you MUST make the most of your life and commit to personal development everyday.
The easiest way to bring this message to life for yourself is to do whatever it takes to be around folks who are presently where you want to be. You will no longer want to be around mediocre folks who live their lives inside the box and without purpose.
Instead, you will want to live an intentional life by surrounding yourself with sharp people who challenge you to grow and reach beyond your comfort zone.
If you follow this wise council, you\’ll find yourself soaring with Eagles as opposed to gobbling with turkeys!
#4) Have A Strategy & Work It!
A strategic plan of action is particularly important in the process of building your Network Marketing Business. Retailing and Recruiting are definitely the ways to bring in income in this industry, but if you want to really leverage your business and the efforts of others, you must know the following things:
A. How much money you want to earn, and what it take to earn it? B. What systems are in place for the sales process of building your business? C. What are the Income Producing Things to do, and what should you be doing day-to-day to get closer and closer to your goals?
As soon as you\’ve mapped out the numbers, the system and the activities, you are destined to meet or exceed every goal you have \’IF\’ you focus on taking action!
These 4 factors are very major to the success of your business and if you focus on these fundamental elements at the start, you\’ll find yourself sailing to the top amongst the other three percenters and living the life that you both envisioned and planned!