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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

Network Marketing Curriculum for the Pro

Network Marketing Curriculum for the ProThis article is for those people that really want to make money at Network Marketing. Don’t fool yourself! To make any real money at network marketing, you need to become a pro. To become a pro at network marketing, you need a certain basic skill set. The good thing is that it is a learned skill set. So lets see what your curriculum should look like. A note of caution: Don’t use this as an excuse to spend all your time learning and organizing and not building your business. All these skills are “hands on” skills. They are best learned by doing- not by reading, listening or philosophizing. So get out there and do it! I will try to put the list in order of importance. Just keep in mind that the skills are like juggling. Each skill is not isolated by itself. They all work together.

 

1. Motivation- The first skill you need to learn is self motivation. Without this skill, your business will not even get started! Re-programing your subconscious is the number one skill in this subject. NLP has done a great job of detailing what you can do to change your subconscious mindset. Some great textbooks for this subject are: Awaken the Giant Within, and Unlimited Power  by Tony Robbins, and The Greatest Salesman in the World and Success University by Og Mandino

2. Marketing and Lead Generation- this is the next skill even before basic business skills like accounting and office management. Because with out possibilities there will be no business. As you start in your studies you realize that the very successful in Network Marketing usually excel at just one maybe two marketing methods. Maybe it is Internets based like pay per click, article marketing , social media or blogging. Maybe it is person to person like cold calling, warm market or just meeting people at the mall. The important thing is to realize that you just need to pick one or maybe two. Start using it to generate leads. When you get to 10 to 50 leads a week depending on the method then you can specialize in the next lead generation method. When I first started in my lead generation specialty I found myself overwhelmed trying to accomplish everything. It is impossible.

A must have textbook for this is Mike Dillard’s Magnetic Sponsoring. A 30 dollar book that could change the course of your business, it has changed mine. It also has created a whole movement within the Network Marketing Industry. With Magnetic Sponsoring in your possession the next program you should check out is My Lead System Pro. They have a Wednesday weekly hour class that is all about generating leads for your business. Check out the next free class here.

3. Lead Conversion-Just because you generate leads it does not mean that you can convert those leads into distributors. Your next step after learning how to generate leads is to learn how to turn those prospects into distributors. This can be automated, but the final process is going to include interpersonal skills and relationship building. David Wood’s Perpetual Funnel System is the text book class for this. I am just going trough this course and it is awesome.

4. Presentation- Presentation skills is part of your lead conversion but it deserves a whole section on it’s own. We have a saying in network marketing – the person that holds the marker makes the money. You need to become a professional presenter. I don’t mean that you need to be the best presenter in the world knowing all the advance technique. This is more of an internship skill. You watch people doing it, then you jump in and do it yourself. These days it is wise to learn how to do webinars which are just seminars done over the internet. Learn your plan, ask your up line for a script. Scripted or outline is the first step then you will take the next step and make it your own the important thing is that you get out there and do it you will never be a professional unless you get out there. Mark Hoverson’s Irresistible Blueprint.

4. Basic business skills-  Surprisingly this could be very simple but you need to implement some basic systems for accounting. This is such a basic skill for any business that they are regular college classes for this. I don’t believe you need to go through that but asking your accountant for some advise I think would suffice.

5. Team management- Team work makes the dream work. Team management is the skill that will liberate you and make you the residual income. This is a skill that does not need to be learned immediately because initially your team will be just you. It’s hard to build a team with just one person. You need to develop leads convert them. Once you do that and begin to build a team then you want to manage that team. Many people make the mistake of either micro managing their team or try to control their distributors. Neither of these approaches will lead to ultimate time freedom. You need to learn this very important skill in order to automate your business and truly get a residual income. I know people that are making very good money as network marketing pros but they are tied to there business because they have not learned how to effectively manage their team. Mark Hoverson’s Irresistible Blue Print is a great program for this purpose.

Check me out on Facebook  and look for My Lead Generation for Beginners Program coming soon!

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