When I left Ford Motor Company and decided to start my own business, the first place that I looked was the network marketing industry. I had put in thirty five successful years at Ford, and now I wanted to put in successful years at my own business.
I had dabbled in network marketing many years ago and found it to be very interesting, but I have learned a great deal since then and I wanted to do this the right way and give me the greatest opportunity for success that I could.
I am going to give you the ten steps to success in network marketing, that I learned the hard way and by implementing these into your business, you can bypass some of my mistakes.
1. Commit and Follow Through
Your decision to start, build and grow your business is a very serious one. Consider the commitment you are making. Treat it as a business and it will pay you like a business. Treat it as a hobby and it will pay you like a hobby.
2. Look For The Right Company
Find a company that has the right product for the right market. Products that are high in demand and have solid value. A strong compensation plan with solid and supportive leadership that will assist and train you with a long term vision of growth.
Many people forget the first word in network marketing. Building a network of like minded people. Leveraging your products through your network is your business. Make sure your company has a system of duplication that you can plug your people into.
4. Surround Yourself With Success
Become a part of the company community. Success never travels alone. Hook into those people who are making it and become a sponge. Soak up what they are giving out. Listen and learn and watch what happens.
5. Keep Communication Lines Open
Stay in touch with the person who brought you in and keep in touch with those you bring in. Help them get started on the right foot. Building a solid infrastructure is going to be a huge key to your success.
Find a mentor or somebody that you will be held accountable too. Someone who is successful and that you can connect with.
7. Have Patience
So many people will jump into a network marketing business because a friend told them about it and they don’t give it any thought at all. Studies show that after 63 days they will quit. This is your business. No one builds a successful business in 63 days. Give yourself a window of between 2-5 years.
8. Chart Your Success
Set some goals and map out a plan to reach those goals. Have a balance of internet marketing and offline marketing. Try different strategies and watch which ones are working for you and which ones that aren’t.
9. Make Good Business Decisions
Your business decisions should always be based on facts and not on fear They should be thought through without all the emotional tags attached to them.
10. Seek Wise Counsel
Getting good advice comes from good resources. Rely on the wisdom of successful and experienced people in your industry, not your wife, family or friends. After all, you wouldn’t want to be seeking advice about the brain surgery you must have, from your eight year old son who likes playing with his doctor kit!
The network marketing industry is a 120 billion dollar a year industry. There are many successful stories to write about. Decide today that you are going to be the next one.
If you have a success story or are just starting out in the network marketing industry, please tell me about it. I would love to hear about you and your experience.