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29
Jan

This is the $$Million$$ dollar question

How many times have you received this question? It is a good question but there are several factors involved in the outcome.

A persons’ financial outcome depends such things as:

  • How hard they work
  • How effectively they work
  • How many hours they work
  • Who they know
  • If they have a center of influence
  • Do they have an outgoing personality
  • Their experience and background
  • many more…..

Now in my specific company the average associate earns $200. You might be asking, why would I make that statement. It is simple. We have to be truthful with people. We have to let them know that some people get involved and make nothing and some people get involved and make a full-time career out of it. Let’s take a moment and look at the different groups of people involved in the Network Marketing industry and what it means to their income.

Group 1
This group will join a Network Marketing company to simply save money on their personal purchases. The ability to buy at wholesale versus retail makes sense. Continuing to pay retail will not make your rich. For this simple reason alone, everyone should be involved in Network Marketing. Why aren’t they? They don’t know about it and it has never been explained in a simplified way. People are always leading with the compensation plan and scaring people from this simple fact.

Group 2
Most people whether they admit it or not are looking for a little more out of life. The problem is by the time you factor in the hours you sleep, commute, work and complete your daily tasks, most people only have an hour or so to do what they would like to do. Than the problem is most people do not have the money to do what they want. This is the classic group 2 person.

Group 2 people will get started on a part-time basis with their Network Marketing business. So on a realistic basis, how much can you make part-time? You may be looking for $500, $1500 or even $5000 a month. Your success depends on how much time you are willing to invest and your skill level at the time. When you talk time, a lot of people will make the statement that they don’t have time to do something like this. That is simply not true. We all have the same 24 hours in our day. The key is how we allocate our time.

Take a moment and jot down your time schedule. You will be amazed by simply making a few little changes, you will have more than enough time to start your part-time business. Time is one-half of your success formula for your new business. The more time you put into your business, the more money you will make. You are probably wondering what is the second half of the equation.

The other half of your formula is your skill level. Before you decide not to get started because you don’t think you have the skill, relax. The skills for success can be learned.
Remember this very important fact. If we succumb to the illusion and the comfort of a paycheck, we then neglect to build up self-reliant skills and merely postpone the day of reckoning when we are forced to fend for ourselves.

When you join a Network Marketing business you will have several mentors who will help you develop the skill set necessary to succeed. You need to have a burning desire and be teachable. Many times you have to purge your mind of all the bad habits you may have or have been taught at your job. Check your ego at the door and listen to successful people in your company who are leading by example.

A quick little fact that I learned a long time ago is, that the most important check a person receives is the first one. It doesn’t matter if it is for $10 or $500. It is the first check and let’s the person know this is a real business. Focus on getting your new person a check as soon as possible.

Group 3
You can turn your Network Marketing business into a full-time career. This will take time and a serious commitment on your part. Some people are striving for this and some people will stay at a part-time basis because they love their career and what they do. However, many people jump at the chance to leverage their Network Marketing incomes even higher by going full-time. At this point you have choices. True success is about being able to spend time with your family, giving more to your church, enjoying a few hobbies and basically having time for what ever you wish. Many people define success as: Being able to do what you want, when you want without worrying about paying for it.

So how much can you make in Network Marketing?

It’s entirely up to you!

Let us know what success means to you. Post a comment about your experience or what your business has done for you and your family. I look forward to reading your posts.

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Category : Network Marketing | Blog