Network
Marketing Start Up Plan
Any network marketing start up plan needs to be
founded on solid preparation in order to be successful. As basic as this
sounds, this is the step that most MLM marketers ignore. That's
probably why most of them drop out within three months.
So let me re-phrase this:
|
Plan = Success
No Planning = No
Success |
It means that rushing to The Meeting that is being
held ONLY THIS SATURDAY is a losing proposition.
It means that any company that even wants you to
rush into joining them is probably a loser.
Stop. Do your homework.
(1) Plan for Many Revenue
Streams
Working for one MLM company just doesn't cut it.
Any number of things can happen with that one company. It can go
out of business. It can be bought out. It can change its
policies, or its payment structure.
Always, always, have additional
streams of income in your pocket. It
gives you a sense of freedom that is unbelievable.
(2) Plan for Your Income
Goals
OK. Let's be realistic here. How much
do you honestly think you can earn in a network marketing start
up?
| In 1998, Amway reported that the average
commission of active distributors was only $88 a
month. |
Scary, isn't it.
In planning your income targets, look only at two
levels of commission: yours and the level immediately below
you. Those are the only two levels that you have any control over
whatsoever. MLM companies that tout a TEN TIER PAYOUT scheme are
frauds. Only count the chickens that you can see yourself.
All else is imaginary.
Other sources of income are hard to tie down.
A very unscientific survey in my online group showed that we earned from
$0.02 to $0.10 per visitor from our AdSense ads (the ad group that you
see at the top of this page and along the right hand column). That
doesn't sound like much. But when you grow your business to 1,000
or more visitors a day, it becomes real money.
Affiliate sales from other companies is very
flexible. Some websites just seem to hit the right niche.
Some miss it. It may take some experimentation until you find the
right mix for your site.
(3) Plan Your
Expenses
Every business has expenses of some sort.
In the old MLM start up model, there are expenses
- for study manuals,
- for product that you must purchase every month,
- for training sessions that you must attend,
- for websites that you must purchase from the
affiliate company,
- for brochures that you must purchase, etc.
etc.
These costs can indeed run to several hundred
dollars a month. Detail them out to be sure.
In the New Network Marketing start up model, your
start up costs are much more modest. Include:
| Web site |
$299/year |
| Internet phone (Skype) |
$49/year |
I
assume you already have a computer. And most people have a high
speed internet connection, which is very helpful.
Other than that, it is BAM (Brains and Motivation)
that will drive your new start up business.
And it is a real business. It may be a part
time business. It may be a work at home style business. But
it is a business.
Your Odds of Having a
Successful Network Marketing Start Up Business
When approached as a real business, your odds of
success are much greater.
Those who devote lots of time to the new business
will likely become successful faster than those who have limited
time.
Those who take the time to plan their business will
likely be more successful than those who don't.
Starting a New Network Marketing business is not
easy. Few of us can learn it from our parents. It's new
territory, a new learning curve, new lingo, new everything.
But it is very, very do-able. Thousands and
thousands of people do have very successful Network Marketing
businesses, and you can too.
