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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