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How Much Money does the typical Network Marketing Pro Make?

How Much Money does the typical Network Marketing Pro Make?A very legitimate question but one that you won’t be able to get a straight answer to. Why? Because it is a business. It is your own business. The success of any independent distributor will depend upon the amount of hard work, talent, and dedication which you devote to building your business.

More than 90% of the people that register their business with a network marketing company go on to do nothing. They mere action of registering their business is sufficient for them to feel that they done something to build their financial future. I heard Anthony Robbins one day say that only about 10% of people that buy a self help book actually read past the first chapter. I suspect this is the same phenomenon in network marketing. Registering their business is like reading the first chapter of a self help book. So there is no simple answer. As you read the rest of the article I will help you figure out how you can find out for the company that you are interested in.

It is somewhat unfair to lump all the typical distributors with those that are pros at their business. Most companies never separate the two so they give you typical numbers that are not very useful. A better system for the average company would be to set requirements that need to be meet in order to show that you are actually building your business. These requirements would have to be income independent activities that show that you are actually working. If you measure the average distributor in the mlm industry by how much they work you it would be like trying to see how many widgets a factory worker can make by not coming to work.

Another issue when looking at overall industry averages is that the average netwroker works their business on a part time basis. It is a business that is done on their off hours.We also can’t overlook that it is based on the opportunity itself. How is the opportunity set up? How does the compensation plan work? Can anyone start making income immediately? Do they pay for registrations or just for volume produced?

Unfortunately I can not give you a clear answer. What I do know is that in every company there are people that make money. I was blessed when I took a look at the company that I work with, they have a program where they separate the people that are actively building the business from those that are just registered. The average weighted annual earnings of those that do the requirements to show that they are actively building the business was 53,000 dollars per year when I was initially introduced to the company. Ranging from approximately 31,000 at the low end to 231,000+ at the high end. Again this only accounted for approximately 10% of all distributors. Because only about 10% of distributor actually bothered being professionals.

If you do not have access to this information I suggest that you do a little research of your own . Ask current distributor that are earning what you would like to earn these few questions.

  • In your opinion what are the income producing activities for me to make money in this company?
  • On average how many distributors have you sponsored personally into the company?
  • On average how many people have you been personally involved in sponsoring?
  • On average how many hours did you actively put in into the company when you got serious about building?
  • Approximately how much money you are making and how long it took you to make that money?

With the answers to these questions in hand now you can go to the average distributor in the company and ask them these questions.

  • How many hours do you spend doing income producing activities?- It does not matter how much time they spend doing the business. I know people that attend every meeting and business presentation they can but unless you have guest and new distributors that you are introducing to the business you are not doing income producing activities.
  • How consistent are you at these income producing activities?- Consistency is key. If they have been an independent distributor for 5 years but have the tendency of working hard for one month and stopping for two they are not doing the business. I know I have personal experience at this.
  • Approximately how much money are you making?

If you can ask these questions you will have a better picture of how the particular company that you are looking at works. And I suspect that you will find out that it depends on if you are a hobbyist or a pro. You will also realize that the success of any independent distributor will depend upon the amount of hard work, talent, and dedication which they devote to building their business. So now when some one asks you How much money do you make? You can answer with- That is a typical beginners question. The simplest answer is that the success of your business is dependent upon the amount of hard work, talent, and dedication which you devote to building your business

The Network Marketing Pros and Cons

The Network Marketing Pros and ConsEvery business has it’s pros and cons and network marketing is not any different. So let get right to it.

1. It can be started fairly inexpensively- your network marketing business can be started fairly inexpensively. Which means that you can break even fairly inexpensively as well.

The con to this is that because it can be started very inexpensively it attracts many people that are dreamers hopping that they can get rich quick. This is something that the critics of network marketing use to prove that it does not work. In reality this has nothing to do with Network marketing or how network marketing is represented. It has to do with people taking responsibility over their own actions. People need to stop blaming others for their inability to make decisions.

2. Can be home based business- with everything that is going on in the world more and more people want to stay home with their families. Not only can you save on gas, you can have tons of tax deductions.

The cons to being at home are that you have to be self motivated. Many people can’t even due a workout tape at home. So expecting the average employee to run a business after they come home from work is unreasonable.

3. The next network marketing pro is that it is usually an exponential business. If you ever studied the  power of compounding you understand how powerful the potential of network marketing is. Have you ever heard of the old compounding adage of the penny doubling for 30 fays. As in any of these they are usually a two edge sword.  The point is that at the beginning of the process it seems like you are doing lots of work for very little pay. As time goes and you continue your efforts there is apoint where you are doing very little work for lots of pay. There is a little challenge here that if you start the boulder running and then let it fall back you need to start all over again. We want to see immediate results and the faint promise of future reward for hard work today does not work for 97% of the population.

4. One of the greatest pros in network marketing is that you can run it as a small business-In network marketing you do not have to hire anyone. So there is no workman comp insurance no social security to pay, no employes to deal with. So you are essentially self employed. The challenge with most self employed businesses is that they can not be automated. Usually to automate a business you need to hire employees that can give life to your corporation when you are not around. But in network marketing this is not so. You can have an automated business that works with or with out you making you residual money even when you are not around. This requires diligence. You can have a network marketing business where it is all dependent on you and that you are tied to it.

The con to this that you are prospecting you have to go through allot of coal to reach and help polish the diamonds. Lets take this metaphor a little further. Some diamonds are bigger than others but your goal is to just place diamonds in your organization. Over the last couple of years my perspective has changed from just building my netwroking business to creating a funded proposal that is paying me. My automated machine sifts thru possible diamonds and spits them out for my inspection. Then I transfer them to the next machine which polishes and sifts through and helps me check them for final inspection.

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