Sunday, May 22, 2011

MLM Networking - A personal development program with a pay plan built in!

The best definition of a network marketing business is that it is a personal development program with a built in pay plan!  Without the personal development,  most of us can keep a business prospering and growing much less build it in the first place.  If you don't grow into the responsible leader you need to be when success finds you, you will not keep it!

Think about it, when you were a kid, learning to ride a bike, you had to learn judgement as well as the mechanics of steering and balancing on the bike. You didn't just get on and ride first thing. And when you had that down your parents probably had rules, no riding in the street when you were really young, because your judgement was not up to your skills, you couldn't judge how to safely ride with the possible traffic that could come your way. They kept you on less busy streets at first, until they were sure you knew to look both ways before crossing and you were better at judging what kind of terrain you could handle without losing control. You didn't throw off  the training wheels and venture out onto a well traveled road!  Your pay plan then was the added Independence as you matured and learned how to handle the bike!


So don't forget the important homework:

  •   Read uplifting, self development books like Napoleon Hill's 'Think and Grow Rich",  "The strangest secret" by Earl Nightingale Conant, or "The 7 Habits of Highly Effective People"  by Stephen Covey (personal effectiveness).  
  •    Find a mastermind group to keep you focused.  The more time you spend around the people you want to become the better off you are.  
  •    Write down your goals and update them regularly.  Put pictures up to keep them foremost in your thoughts and keep your energy up.  
  •    Develop a self talk to teach your ego, your subconscious mind what you want it to work on.  The old saying 'garbage in, garbage out!'  If you want the good stuff, you have to feed good stuff to your brain. 
  •    Take your advice from experts, be a critical thinker and check out the people you are getting advice from.   If you are working on growing a business, you want to make sure the people that you are getting the advice from someone that has been there, not just someone that wants your money! Make sure the mentors you are listening to have done the same things you are about to do.  You want to use them as an example, so make sure they are someone you want to follow.
So enjoy the ride!  This adventure should be fun as well as profitable.  If you aren't having fun you are doing it wrong.  The person you become is just as valuable as the business you will grow.  You can reinvent yourself, the old saying 'this is the first day of the rest of your life" is really true! Past is gone and today you have a clean slate, network marketing is probably the only business model that allows you to reinvent yourself while you make money and learn to grow a business.  So work on yourself first and the business will grow right along with you!

Sunday, April 24, 2011

What do you need to do to be successful in an MLM?


Hundreds of people try to build a successful network marketing business, and fail.  Why do some make it and some not? Maybe we need to understand what the MLM business is BEFORE we go and sign up with some network marketing company.  You need to have a clear understanding of what you need to build a successful MLM from the beginning.

MLM, Multilevel marketing started with Mytinger’s and Casselberry’s new marketing plan for the Nutrilite company circa 1945. These guys developed a three-pronged approach... Use the products, share the products, and sponsor the folks who like the products.
A professional network marketer working an network marketing business understands that the components of a successful mlm business are:
 1.  A self-development program (with a pay plan attached)
 2.  It is a relationship not a selling business.
 3  There is a product referral program, a sponsoring program.
 4. You must participate in an auto ship program.
 5.  You use the products yourself.               
You need to be active in all five of these areas to be successful.  If you are struggling, find a mentor and be accountable for doing what is needed to get what you want from your mlm. If that isn't your sponsor then find someone else that will be.   A mentor can be your lifeline to being accountable and to making sure you stay on track.  They should not be charging, there are too many out there that will help you for free.  Mentors can be the one thing that makes the difference.