How to Produce Income in Network Marketing?

 Producing Income Requires Income Producing Activities

 

It requires a huge amount of personal discipline to avoid being sucked in to meaningless, time consuming, non-income producing activities. You can waste HOURS of time every day with electronic devices checking emails, surfing websites, watching videos, monitoring your website, or following Twitter discussions that will produce zero income for you now or in the future. Because of the infinite nature of the internet, it is just too easy to become an unproductive internet-aholic.

 

You need to consider your ROI (return on investment) for the time that you are putting into your business.

 

Create a List of What Produces Income

 

It is critical that your priority be income producing activities and that those activities are the center focus of your day and time. Make a list and a daily schedule of when you are going to make these things happen. The specifics of your activities might be different from mine, because you may be focused on different marketing tactics. Nonetheless, here are some of the most critical daily income producing activities for me:

 

1. Email my list with useful info or a value-add offer

2. Call new leads and get them signed

3. Take calls or do 3-way calls with my team members to help them with their recruiting

Here are other things on my typical daily to do list that I try to get to but have a lesser priority:

4. Watching training videos or listening to mp3s

5. Brainstorming new marketing ideas

6. Tweaking elements of my campaign

 

Prioritize Your Work Day Around Producing Income

 

The best way to keep your focus on income producing activities is to make sure that they are the first things that get done each day, within the time you have allotted yourself to work on your business. The most important issue being the fact that he needed to start talking to a lot more people, then if you have time work on some of the lower priorities.

 

Network Marketing Prospecting: What Activities Make You Money?

 

A lot of people get into network marketing and fail to have success. They are quick to play the �blame game.� They will blame the product, the compensation plan, lack of training, poor training, or an unsupportive sponsor on the fact that they failed to sponsor people into their business. Rarely do they acknowledge the simple truth that network marketing is a business and that they failed to invest their own time on the primary activities that earn them money: talking with people and presenting.

 

Network Marketing Prospecting: Be Accountable to Yourself

 

If you want to build your business and build it quickly, you need to start talking with a lot of people. The more people you talk to and the more �no�s� you get, the more �yes�s� you will get as well. I know a top leader who says it his goal with his network marketing prospecting to get at least 5 people to say �no� every day. Why would that be a goal? Because he knows that for every 4 �no�s� he is also likely to get 1 �yes!� Very simply, he has an accountability system to himself.

 

If you do not have a system of network marketing prospecting accountability in place, you need to develop one.

 

A good place to start is to keep a daily journal for your network marketing prospecting. Every day, at the end of the day, record in your journal how many brand NEW people you spoke to that day about your business and how many NEW people you exposed to your business. Then write down how many people joined your business. If you didn�t speak to anybody, write it down. Be honest! At the end of the

 

 

 Producing Income Requires Income Producing Activities

 

It requires a huge amount of personal discipline to avoid being sucked in to meaningless, time consuming, non-income producing activities. You can waste HOURS of time every day with electronic devices checking emails, surfing websites, watching videos, monitoring your website, or following Twitter discussions that will produce zero income for you now or in the future. Because of the infinite nature of the internet, it is just too easy to become an unproductive internet-aholic.

You need to consider your ROI (return on investment) for the time that you are putting into your business.

 

Create a List of What Produces Income

 

It is critical that your priority be income producing activities and that those activities are the center focus of your day and time. Make a list and a daily schedule of when you are going to make these things happen. The specifics of your activities might be different from mine, because you may be focused on different marketing tactics. Nonetheless, here are some of the most critical daily income producing activities for me:

 

1. Email my list with useful info or a value-add offer

2. Call new leads and get them signed

3. Take calls or do 3-way calls with my team members to help them with their recruiting

 

Here are other things on my typical daily to do list that I try to get to but have a lesser priority:

4. Watching training videos or listening to mp3s

5. Brainstorming new marketing ideas

6. Tweaking elements of my campaign

 

Prioritize Your Work Day Around Producing Income

 

The best way to keep your focus on income producing activities is to make sure that they are the first things that get done each day, within the time you have allotted yourself to work on your business. The most important issue being the fact that he needed to start talking to a lot more people, then if you have time work on some of the lower priorities.

 

Network Marketing Prospecting: What Activities Make You Money?

 

A lot of people get into network marketing and fail to have success. They are quick to play the �blame game.� They will blame the product, the compensation plan, lack of training, poor training, or an unsupportive sponsor on the fact that they failed to sponsor people into their business. Rarely do they acknowledge the simple truth that network marketing is a business and that they failed to invest their own time on the primary activities that earn them money: talking with people and presenting.

 

Network Marketing Prospecting: Be Accountable to Yourself

 

If you want to build your business and build it quickly, you need to start talking with a lot of people. The more people you talk to and the more �no�s� you get, the more �yes�s� you will get as well. I know a top leader who says it his goal with his network marketing prospecting to get at least 5 people to say �no� every day. Why would that be a goal? Because he knows that for every 4 �no�s� he is also likely to get 1 �yes!� Very simply, he has an accountability system to himself. If you do not have a system of network marketing prospecting accountability in place, you need to develop one.

A good place to start is to keep a daily journal for your network marketing prospecting. Every day, at the end of the day, record in your journal how many brand NEW people you spoke to that day about your business and how many NEW people you exposed to your business. Then write down how many people joined your business. If you didn�t speak to anybody, write it down. Be honest! At the end of the week, review your journal. What is it telling you? What were you able to produce for your business this week?

 

If you spoke to 100 people during the week and you got 100 rejections, you should be seeking feedback and coaching from a mentor on how to improve your approach and what you can do to be a more effective closer.

If you spoke to 3 people all week and got 3 rejections you just need to start speaking with a lot more people! Set a goal such as a commitment to making 5 phone calls a day. Be sure to make the calls at a time when you have a good chance of reaching someone. The more calls you make, the more comfortable you will become in making the calls. It is a self-perpetuating and self-improving funnel. With a disciplined approach you are likely to find yourself picking up your pace and getting more of the results you want.

 

I challenge you to get 4 �no�s� every day!

To your success,

Mireya Melendez

Your coach, mentor and motivator.

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