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Wednesday, May 30, 2012

Like the Girl Scout Motto, "Be Prepared"


Major millionaire and billionaire celebrities, such as Robert Kiyosaki, best-selling author of “Rich Dad Poor Dad,” and Donald Trump highly recommend Network Marketing.  And yet, there is a negative reputation that still hangs over the industry.  While over the years, more and more people are joining, and succeeding in network marketing, there is still a stigma attached to the term.

Let’s review why the “scam” reputation still lingers around the edges of the industry. Anyone considering starting their own Network Marketing business needs to perform a reality check.  If you enter the business believing you’ll earn income from day one, it very likely will NOT happen.  In addition, just like every “real” business, your income is likely to vary from week to week or month to month.  Particularly at the beginning, you may go weeks without earning any money at all!

Just like a store or restaurant owner or a computer repair company, when the business owner started out, they were not in profit mode until they built a clientele.  As a Network Marketing business owner, you must be prepared for this by having some type of income to tide you over until your business “takes off.” 
Network Marketing offers a long-term financial solution.  If you expect to be earning thousands of dollars within your first few months, you likely will be disappointed, and you’ll want to steer clear of anyone who is “guaranteeing” or “promising” that you will.  While it is possible to earn very good money in Network Marketing in a short period of time, it takes the vast majority of people much more time.   
I do not want to discourage you from entering the Network Marketing industry, because it truly is the most affordable and simplest way to achieve financial freedom.  It is very important, however, that you be educated and thoroughly understand that Network Marketing offers a LONG TERM financial solution.  So begin your business by making a long term commitment to achieve great results.  Your patience and perseverance will pay off.  In the years to come, the efforts you put forth and the sacrifices you make today will pay off.
Once you have accepted the long term commitment, remember that you most likely will be spending money with none coming in early in your business.  Like traditional business owners, when you first start your own business, expect it to cost you for the first couple of months. With traditional businesses, they are often “in the red” for years before they are earning a profit.   The good news for Network Marketers is that, if you actively working your new business, it should be only a matter of weeks or months to reach profit mode.
The great advantage of a Network Marketing business model over other businesses is that your costs are probably very low.  You have no rent or franchise fee, and you need not pay any employees that those in traditional businesses must.
It is important to keep “the big picture” in mind.  Over time, you could build your business to enable you to earn unlimited income!  Most people in the Network Marketing business quit, because they expect success to “happen,” while in reality, it is those who “make it happen” who are successful.  Those who quit either were not totally committed or they simply were not willing to persevere.  The difference between Network Marketing business owners who succeed and those who do not is based on commitment, dedication, patience and persistence toward reaching their goals.
When you start your Network Marketing business, make a commitment for at least your first year, and work your business, put in the required effort to become established.  When you recruit new team members, ask them to make that same commitment and put forth that same effort.  In that way, your entire organization will be rewarded.  When prospecting, you want to find people who are willing to commit and work their business, not just join your team.
As we work toward achieving that amazing income, remember that perseverance is not one long, continuous effort.  Rather, it is many small efforts performed one after another.  Set and write down your long term goals.  Also set smaller goals along the way to give you a sense of achievement, which in turn motivates you to strive for the next goal.  Over time, you will see your income begin and continue to grow, limited only by your own efforts and dreams. 
As long as you enter the Network Marketing industry knowing what to expect and you are willing to do whatever it takes to reach your goals, you will become one of the success stories we all read about.

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