I was having dinner with a good friend of mine who has been working his networking marketing business over the past year. He, like many, was at a sticking point after he had talked to all of his friends and family and needed some guidance. Very quickly I could see he was stuck in one of the three main problem areas with network marketers.
Let me ask you, do you struggle to grow your network marketing business?
We’ve coached hundreds of network marketing professionals to increase their income by thousands of dollars in months. The key is getting through the 3 most common struggles which hold people back. Master these, and you will take the lid off of your income.
What are the 3 most common struggles?
- People know what they need to do, however don’t do it. – This is a surefire way to know someone has an internal roadblock: Fear of failure, Self-sabotage, fear of success. These fears can run from mild to debilitating phobias.
- Lack of accountability. – This is pretty self-explanatory, however somewhat difficult to put into practice. Accountability is not simply telling someone what you did that day. You need to have effective feedback to continue to grow your business.
- Deficient skill-sets in prospecting. – The lifeblood of building a network marketing business (and most other businesses) depends on getting quality leads. Developing the skill-set to prospect effectively (cold calling, networking events, etc) takes time and consistent practice. The lack of discipline keeps network marketers from even getting started.
Now, we wouldn’t write a blog post without having a few ideas to help you, right? Here are some great tips to get things rolling in the right direction and start turning your time into cash in your bank account:
Create a personal vision statement and affirmations.
This is the foundation to starting a career, building a business or changing course. Our words are very powerful and research has shown the top 1% of performers make 96% of the money in the US. These performers have a vision statement and say affirmations as part of their development plan.
Create clear objectives and accountability.
Clear objectives provide motivation for the team. If a person knows if they will spend 5 hours calling for every sale and that translates into X dollars per hour, that provides clarity. Now, the big A word: you have to volunteer for accountability. It takes someone in a growth mindset to listen to feedback and make the necessary changes. It’s not an easy task, especially for someone who is used to working with a fixed mindset.
Most network marketing companies are great at teaching hard skills-sets, however training individuals through their internal roadblocks usually takes coaching, especially if the fear is deeply rooted. When individuals get through these internal roadblocks, they are able to make drastic increases in their income.
Obviously we would love to imply our coaching is the best solutions to these problems, however if you aren’t ready to take the plunge yet here are some great resources:
1. Check out “Mindset: The New Psychology of Success” by Carol Dweck.
This is one of the best books I’ve ever read about changing our mindset and mastering how to learn new skills and getting through fears.
2. Get an accountability partner who will challenge you to become great.
A good accountability partner will give you constructive feedback (not simply cheer lead) which is key to mastering new skills. If you didn’t need feedback and to learn, you wouldn’t be reading this blog, right? Break down feedback into specific areas with clear objectives.
Now that you have an idea of the three most common struggles, take a look at which one is limiting your business the most and develop an action plan to get through it. The key is to get an accurate accounting of where you are at, so you can know where you want to go. Follow these principles, and your wealth will change dramatically.
I want to hear from you! What is your experience with the above struggles in network marketing?
Also, if you have any specific questions or topics you would like us to cover in future blogs you can email me at firstname.lastname@example.org or comment in the box below.
By: Bryan Rider!