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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

Quiz: Are you a Network Marketing Pro?

Quiz: Are you a Network Marketing Pro?

Are you a Pro

Are you a Network Marketing Pro? A Pro or a professional in this sense of the word is someone that engages in a chosen profession. Someone that decided to follow a calling that requires specialized knowledge and many times intensive training. According to Websters it can even take the form of someone that is participating for gain or livelihood in an activity or field of endeavor often engaged in by amateurs.

Most people in the network marketing industry are amateurs, hobbyist that believe and delude themselves into thinking they are in business. Don’t get me wrong I am not putting anyone down, it just that 97% of the people in our profession are failing. The reason they are failing is not because the industry is not a viable industry. The industry is flourishing more now than ever.

Over the last couple of years I have been trying to figure out what makers those that succeed and those that fail in network marketing different. Mainly because I was one of those that was struggling. Why do some people make it and others don’t? The main thing that I discovered is that it comes down to some simple basics. They decided to become network marketing pros. How professional are you in your network marketing business?

 

Rate each one: 0- Never do it 1- Seldom do it 2- Occasionally do 3-Do Often but not consistently

4- Do all the time/ have mastered it.

 

  1. _____Treat your business like a business- How many professionals do you know that do their profession as a hobby? Most Networkers that struggle treat their business as a hobby. Have you learned you companies business plan in and out? Do you know the language of communication in the industry? Not the company jargon that your prospects don’t understand, but the communication skills you need to relate to your prospects.
  2. _____Be Proud of what you do- professionals are clear in why they do what they do. A pro took an oath to a calling. If you don’t like the Network Marketing Business get out.
  3. _____Find your teachers- Unlike a profession like Lawyers or Doctors. There are no set colleges or university to teach you Network Marketing. There are no official internships. It is up to you to educate yourself. You don’t have an official guidance counselor. The best way to get your education is to go to live events. Find someone that is doing and living the way you would like and follow their lead. That might even be your sponsor it can definitely be someone in your up line. Do you have a mentor or a coach that can lead you to where you want to go?
  4. ______Continuing education and re-licensing are required.- As a professional you are never done learning you are always studying. Do you go to live events on a regular basis?
  5. ______Find your way to connect- Everyone can figure out a way to connect. Your way to connect should fit with your personality. It should fit with who you are. If you don’t want to approach your friends and family- don’t. Find another source of leads. But know that without leads you don’t have a business.
  6. ______Grow your business to full time- full time income I should say. Because the whole point of network marketing is to have better control of your time and money. That is the main attraction to Network Marketing- the lifestyle.
  7. ______Take responsibility- As a professional you are dedicating yourself to be the best in what ever you chose. As a Network Marketing pro not only have you committed to responsibility in yourself but to those that bought into you. To your team. You must succeed so that others can succeed. Don’t accept mediocrity because of your fears and hangups.

1-14- This is your chance to go from amateur to professional, use what you have learned to go to the next level. 14-20- Step it up, take your business more seriously. 21-27 – You are doing great just focus on consistency.

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