How To Succeed With A Network Marketing Business

There are many reasons why people fail in network marketing.

However, instead of looking into each of these causes, the purpose of this article is to explain what people MUST know when they start their network marketing business so that they will have a better chance to succeed.

This is what you must know in order to succeed in your network marketing business:The Network Funnel

1) What is your “job” scope?

2) What is expected of you in your “job”?

3) What you should expect in your “job”?

Network marketing is a business and not a job! In fact, in the network marketing or MLM circle, the acronym J.O.B. stands for:

Just Obey Boss (Work on a job and take orders from the boss.)

Just Over Broke (Work on a job, get paid, and after you pay all your bills, you’ll be just over broke.)

Journey Of the Broke (Work on a job and you’ll likely end up broke after working their whole life!)

Jump Out of Bed (Hit the alarm clock and jump out of bed each morning to get yourself ready for another day’s work.)

So, what am I talking about?

What Is Your “Job” Scope?

Say, you check out a job on a classified ad.

You’ll be looking at the job title and then the job description.

Some ads are so small that you really wonder what’s involved.

So, you write that perfect job application letter, update your resume and secure your interview.

Besides the salary that you’d most interested in, you’d be finding out the duties and responsibilities of the job.

Bottom line: You know the scope of your job when you get one.

Now, when you start out in your network marketing business, do you know your “job” scope?

Robert recommends network marketing

As a Network Marketer, This Is Your “Job” Scope:

  • Understand your product and offerings
  • Learn about the products especially those that you want to focus on (if your company offers a wide range)
  • Find out the unique selling proposition of your products. In other words, what are the benefits of your products?
  • Be a product of your products to know their pros and cons and you’ll be able to share from first-hand experience.
  • Understand the company, its mission and vision
  • Find out when and how was the company started
  • Find out who owns it and who’s who in the management team
  • Find out where are the regional offices (if any) and visit some of them if possible
  • Know the company’s mission and its vision
  • Understand the compensation plan
  • Study the compensation plan and know how to explain to others clearly
  • Know the merits of your company’s compensation plan and how it compare with other compensation plans.
  • Understand the network marketing industry
  • Find out about the network marketing industry and how it started
  • Study the difference between legitimate network marketing and illegal pyramids
  • Build your network through duplication
  • Realize that network marketing is not sales but a “people” business
  • Build your network through your circle of influence and relationship, friendship, partnership and leadership
  • Provide training and support to duplicate your down line business partners
  • Multiply your efforts to grow your business exponentially through the power of LEVERAGE.

What Is Expected Of You In Your “Job”?

Once you got that job and started working, you are expected to learn and pick up your skills from your seniors and your peers and even from your subordinates.

It is in fact not much different in network marketing.

These are the things that are expected of you:

  • To get into a “business” mind set
  • Realize that since this is a business, you must take responsibility as a business owner
  • As you are your own boss, you owe it to no one except yourself whether you succeed or fail
  • A business takes time to grow, so be patient with yourself
  • Network marketing is a “get rich sure” and not a “get rich quick” business
  • To practice the “success” mind set
  • Set your goals and plan your strategy, then take action
  • When you do not get the results you want, don’t give up easily but adjust your strategy and take action again
  • Keep adjusting your strategy as necessary to achieve the results you want
  • In this business, you cannot fail if you practice the “success” mind set
  • To have the right attitudes
  • In network marketing, you can only succeed if you help others succeed
  • Use less of “I, me, myself” and think about how you can add value to your prospects and partners
  • Be prepared to walk the extra mile and get busy once your network starts to grow
  • How fast your network grows depends on you as you are the leader of your own network
  • Whatever you DO, not whatever you say, is duplicated by your network
  • To learn the “business” skills
  • It’s not money that makes you rich, it’s business skills
  • Learn the basic business skills that you need to make this business work
  • These are essentially inter-personal and communication skills encompassing prospecting, inviting, presenting, closing, following up, training and support
  • To share the business with others
  • If you had started a traditional business with $100,000, would you open your door to do business every day.
  • Yes, of course.
  • Network marketing is a word of mouth business.
  • Thus, to do business means you simply tell others about your products or services.
  • When you share your business everyday, you are in fact opening your door to do business every day.
  • Sharing your business is just making a referral.
  • Do not confuse it with selling.
  • A good example is to refer a friend to a restaurant because you thought the food was great.
  • However, you most likely won’t know how they cook or what ingredients the chefs use.
  • You just loved the taste of the food or perhaps the service there.

Jim Rohn Recommends Networking Marketing

What You Should Expect In Your “Job”?

Once you got that job and started working, you are expected to learn and pick up your skills as soon as possible but not instantly.

Unless of course you already have relevant experience in a previous similar job.

So, you actually go through a probation period of 3, 6, 12 or even 24 months.

Then, initially, there’s so much to learn and so exciting.

However, this wears out as time goes by.

It is in fact not much different in network marketing.

These are the things that you should expect:

There Is a Learning Curve:

  1. No matter how simple your product or compensation plan seems, there is simply a learning curve
  2. If you are starting network marketing from scratch, you need time to learn and develop the “business” and “success” mind sets as well as your “business” skills.
  3. Your initial excitement will not last long.
  4. Your initial excitement when you join a network marketing company can only last for 1 to 2 months.
  5. So, you need to maintain your enthusiasm by building your belief and commitment by attending meetings, training, reading or listening to audio, etc.
  6. Replenishment is necessary.
  7. People come and people will go whether in jobs or in network marketing.
  8. As this is inevitable, you need to constantly replenish your network by sponsoring new people till you reach a critical mass whereby the growth in your network exceeds the attrition rate.
  9. There will always be rejection.
  10. No one has a 100% record in sponsoring no matter how good they are.
  11. Realize that rejection is part of the “job” and that they are rejecting the opportunity, not you.
  12. Dismiss the rejection by chanting, “Some will, some won’t, so what, someone else is waiting”.
  13. There are many reasons why people reject your business opportunity. It could be due to money, time, family or personal problems, fear of rejection, fear of failure, etc.
  14. There is a ratio like 1 in 10 will join you after you share your business with them.
  15. So, the key is to share with as many people as possible. And the good news is that your ratio will increase.

 

Marketing Tasks

In Closing:

To recap, this is what you must know in order to succeed in your network marketing business:

1) What is your “job” scope?

2) What is expected of you in your “job”?

3) What you should expect in your “job”?

In summary, your job is to share your business through word of mouth with your family and friends.

So, learn to share as much as you can and you will get better each time.

However, the decision to join you or not lies with them, not you

Would love to hear your thoughts about this post or this site in general.

I will answer all the comments on my website personally so drop me a line below if you have any affiliate marketing questions or comments.

I’m happy to help any way that I can.copywright

Kind Regards Shane.

Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.

12 thoughts on “How To Succeed With A Network Marketing Business”

  1. Thank you for the thorough explanation.  I do some work with online marketing and it can be a challenge to always think of network marketing as your job.  It wasn’t until I got into that mindset that I started actually making money online.  I especially like the part where you discuss the thought and planning that goes into building a successful network marketing business.  How do you keep it all organized and do you have any recommendations on programs to help support the research to make your marketing a success? 

    Reply
    • Hello George, 

      Appreciate the comments and question. 

      Still in the early stages of online marketing. 

      Never give up would be my recommendation. 

      Regards Shane, 

      Reply
  2. Such an interesting acronyms job. You laid out nicely the network marketer job scope, without it you will be in caldesec and you won’t make any money or your business won’t grow. Thanks for such an informative post, it will really help many people to cultivate their skills before starting this journey. 

    Reply
  3. What an excellent overview of a network marketing business. I can relate to what you’re talking about, being in the job market for a short time and working several jobs. 

    In the last couple of years, I’m used to job-hopping and trying out new things. I’m not someone who wants to work for a company and move up the corporate ladder for 3-4 decades. The things you mentioned about network marketing are crucial for anyone to be successful in their careers. I’m taking some steps to achieve that, and continuously increase my skillset. 

    I knew about this information before, but now I have a much better understanding of my “job” scope than ever. Is this information useful for anyone? Whether they work for somebody else, or should it be aimed more towards entrepreneurs? Either way, I found it useful for my previous work experience.

    Thanks so much for sharing! I enjoyed reading this review.

    Reply
    • Hello Eric, 

      Appreciate the time you took to read my post. 

      Glad to hear you were able to get some relevant information from my article. 

      Regards Shane.

      Reply
  4. Excellent information in your article.  I think everyone should give MLM a go at least once.  It will really reveal to yourself what is inside of you, and it will challenge you to decide what your true desires are.  I have had at least (4) different network marketing experiences.  I will also state that I am still considered an active independent with an MLM, but I have not been pursuing that as my plan of action.  Here is my totally serious opinion about MLM.  When I was looking to make big changes in my life, MLM presented an opportunity to go after a bigger vision than myself, and offered a pathway that could provide the financial freedom I desired.  What I received from those experiences was a better understanding of myself, and a desire to continue on the journey of personal and spiritual development.  I would not have arrived where I am today without having experienced the unseen benefits of becoming part of an MLM organization.  I have no regrets for having joined an MLM, and I still believe that with the right mindset, and the right desires, there really is a way to reach the goals you set for yourself in an MLM.  I have been close to people who have done it successfully, and still doing it, so I know it works.  For me, right now, I am continuing to pursue a way to create a passive residual income, and that focus is with affiliate marketing.  Thank you for sharing.  Whatever you decide to do… do it with passion and a desire to help others.  Like Jim Rohn said – “You can get everything you want in life, if you will help enough people get everything they want out of life.”  That is the simplest way to describing MLM.

    Reply
  5. MLM is one of the best business models ever created. In the beginning it appeared to cut off expenses and deliver a greater quality product on a fraction of the cost. With time it has evolved to something less noble yet profitable. There’s not any secret behind it, the question here is: Do you have the right personality to develop it?

    As shown whiting the infographic you’ve shared, it just comes down to the numbers. Once you become good at it, 1 out of 4 will follow you on implementing any type of MLM business. To talk to 1,200 people you most likely already are or will be looking to become a real “People’s Person”. 

    Do what makes you happy. If talking to strangers makes you feel miserable this wouldn’t be for you. If you don’t care repeating yourself, and you find excitement on accessing other people’s reactions to do letter adjustment on your speech to get better results, then welcome to a world of great opportunities!

    Thank you for delivering us this very educative post!

    Reply
  6. Hey, I enjoyed a lot while reading your article on Succeed With A Network Marketing Business. I found it is very useful for everyone like me. Your step by step guide gives me motivation to become successful in network marketing. I tried earlier but don’t get enough success. Now while reading your guide I understand that I am moving towards success but results were not as good as I want. Now I feel very confident and soon achieve my dreams with the help of your guide.

    Reply

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