How to Make Money with Network Marketing Companies
In a recent interview about network marketing, I realized just how far I have come in this industry and how grateful I am for all of the experiences! I discussed my early beginnings with Simon Chang of MLM nation and how I have built my business over the past 9 plus years with attraction marketing. From starting with zero contacts, to managing a team of well over 10,000, I share with you everything I know that has made me a Diamond, not once, but TWICE. If you are just getting started with one of the many network marketing companies, this interview is the ultimate overview of how to make money and succeed.
My Transition from the Corporate World to Network Marketing Companies
I had great experiences working in the corporate world, but realized I wanted to be an entrepreneur. I then became a real estate agent and did well at that. It was a good way to make a living, but it still wasn’t satisfying. I was still at the beck and call of of my clients and what I really wanted was time freedom. When the real estate market turn a turn for the worst, I started looking for other things I could do. I didn’t plan on being a network marketer. I got a phone call in 2006 and I am very grateful I did!
We are always going to have ups and downs. The first few months with my mlm company were pretty rough, but by keeping my vision and just keeping my eye on what’s ahead, I was able to pull out ahead. Stay focused on activities not results. If you keep developing these skills, you will succeed.
Pro tip: Don’t compare yourself to other people! You can do this, just stay consistent. This is actually true with anything and everything.
Don’t Give Up – Give Your Business Enough Time!
I have probably gotten about 300 no’s in my past 9 years with both companies. I have figured it out that each NO paid me about $20,000 each. So was it worth it to actually get so many no’s! Absolutely! All of these NO’s led to the YES’s that I need. It only takes a few great YES’s to really do very very well in our business. The trick is finding those people you can run with. I am grateful for the NO’s because they led to the YES’s! Another great thing I found, is that if you make a list of these no’s, and check back in with them, sometimes people change their minds over time. People are absolutely watching you to see if this is something you are really serious about and that you stay with it. They often come around when they see you are still committed and excited about it over time.
Time efficiency is very important in this profession. We end up spending time with the people who we think need it, however, we should be giving the time to the people who deserve it. Real estate gave me the business owner mentality. Being an employee is a different mindset – often you are waiting for someone to tell you what to do. You own your own business in network marketing so make sure you are thinking like an owner!
Building a network marketing business is just like building your own business. It’s up to us! It’s here for the asking, it’s here for the taking – the rest is up to you! There will be those days you want to quit, but if you keep doing those activities, it will be rewarding when you see how mlm can change your life and other people’s lives.
Network Marketing Companies Thrive Online!
The internet and social media has helped people see the value of network marketing in their lives. I have fully embraced all the technology available today to build this business. I spend a lot of time and effort building my social network. There are so many more ways to build this business besides home parties and meeting in coffee shops. If your company has a global platform, you truly can build your business all over the world.
I suggest using attraction marketing. Attraction marketing is creating an online presence where people find you. How you do that is if you provide value and content on a regular basis, then they will naturally want be around you. Often times what happens is people go online and start posting images of their products all the time, it starts to look like spam. Post things that are valuable to people and the leads will come to you.
In this business, the company does all the hard stuff. They create the product, the run the warehouse, they handle the invoicing. We do the fun part. We get to do the telling about it part. We get to share great products and a business opportunity. We share hope and in the world we live in today – do you know anyone that needs some hope and a better way?
The best piece of advice I ever got…”You will know who the builders are by the questions they ask!” It takes away that pressure, we aren’t trying to force people to join. I don’t try to convince anyone of anything. You are looking for the people that want this and are just praying that someone tells them about something just like this. They may not know the answer is going to come in the form of a network marketing company but they realize it when they hear it that this is the answer they were looking for. We don’t need to chase or hunt people down. Along the way, look for people who are OPEN and ask the builder-type questions.
If I had to start all over from scratch, the first thing I would do is make a list of all of the motivated, ambitious self-starter types of people I know. If someone sits at home all night watching TV, they probably won’t have enough motivation to do this. Talk to business owners, join networking events, join some mastermind groups. I would want to be around people who were motivated and looking for more in life. I would start blogging. I would post on social media. If I didn’t have an online presence, I would create one.
My last piece of advice…is to give this enough time! It takes sacrifice and looking at what you are currently doing and ….Do it consistently. People often underestimate how much time it will take. My first two years in the business weren’t easy at all. There was lots to learn and lots to figure out but I can’t imagine my life today had I not given this business model the time it deserves. Over time you can and will be amazed with what you can create.
“Consistent action over time creates extraordinary results.” – Zig Ziglar. Actions have to be consistent, give it time and the results will amaze you. MLM is a chance for people to become leaders, to create financial freedom and schedule flexibility. I feel incredibly blessed for my life, my success and the incredible team of people I get to work with! And travel with all over the world!
Thank you Kathleen, I loved this post, it is so genuine and transparent.
Thank you Farah!
Thank you for your inspiring stories.
It helps to boost up my confidence in this industry that i am just about to embark on.
Thank you Eric and good luck to you as you build your business 😀