Do you currently have a job and wondering if you should do network marketing?
In this training blog post, I’m going to share the questions you need to ask yourself before you decide if you should do it or not.
If you’ve been on the fence if you should do network marketing or not because you have a job, my answer to that would be yes you should do network marketing if you have a job. Network marketing can provide an additional stream of income, so you’re not totally dependant on your job and or you’re looking to start a business with low start-up cost and low risk. Network marketing provides all of that and then some which we will dive into.
What Is Network Marketing And How Does It Work
Network marketing aka MLM is where products are sold directly to people without any type of traditional advertising such as TV or ADS. It’s primarily marketed through word of mouth.
When you join a network marketing company you’re considered a Representative. And every time you make acquire a customer or sign up a new person as a business builder, as a representative you earn a commission.
When you as a representative recruit people, they become part of your team or business. You earn a percentage off of the efforts of your team. So the bigger your team the more you can earn.
I remember the first time I was introduced to network marketing, I thought it was the greatest thing since sliced bread.
What I didn’t realize at the time was the amount of work it was going to take to build a business as they pitch to you during the presentation.
How To Decide If Network Marketing Is Right For You
Network marketing is a great option if you have a full-time job. In fact, most people who do network marketing start part-time.
That’s what I do now. I work a full-time job while building my network marketing business and running this blog.
Here are some things to consider to help you decide if network marketing is right for you, If you answer yes to any of these questions,
- You see the benefit of earning a residual income. Residual income is money that comes in whether you show up or not.
- You want more time freedom. In my opinion, time is more expensive than any dollar amount. You can always make more money but you can’t make more time.
- You don’t like your job. Hey, let’s face it not everyone likes their job. Network marketing has retired a ton of people from corporate America.
For me, the main reason I got involved with network marketing is to have a plan B, I had experienced layoffs from previous jobs I had. I was laid off twice by the same company.
At one point I had been laid off from work for so long, I got a letter in the mail telling me I had exhausted all of my unemployment benefits. And let me tell you that’s a letter you don’t want to get.
Thank goodness at the time I was still living at home with my parents, but still, not knowing where your next paycheck was going to come from was pretty scary. It was a feeling I never wanted to experience again.
I could only imagine how I would have been feeling if I had a family to take care of at the time.
That’s why I think multiple streams of income or so important these days.
Should You Make A Career Out Of It?
If living life on your own terms and having no ceiling to the amount of money you can make interest you at all, making a career out of network marketing is a great idea.
I don’t suggest you immediately go full-time if you already have a job. Learning the skills required to do this business right will take some time.
Instead, use your job to help pay for additional training, tools, coaches, and your auto ship.
Now you might be thinking when is the best time to quit your job. A general rule of thumb I’ve learned is to have at least a years worth of your monthly bills in the bank and six months of steady income coming in from your network marketing company.
You can speed this up if you add in some affiliate marketing but that’s not what this blog post is about. I did a beginners guide to affiliate marketing that you might want to consider checking out.
What To Do If You Want Fast Results
First, don’t wait until your back is up against the wall to start your business.
Next, I would suggest you go out and prospect your butt off. This is called active marketing. Active marketing is the fastest way to make money. This is where you physically reach out to someone and see if they are willing to take a look at your opportunity.
Talk to your friends and family first. Let them know what you are doing and ask for their support. If they say no no big deal.
Most of your friends and family won’t support you and that’s ok. Don’t ever be addicted to any outcome whether you’re prospecting someone you know or someone you don’t know.
You don’t need any one person to build your business. Tell them you’re going to build a big business with our without them but you would love to do it with them.
If they say no, tell them no problem and move on to the next person.
I also suggest while you’re out here doing active marketing, you learn some passive marketing skills too. Passive marketing is where you put out a piece of content and you hope someone responds to it and reaches out to you. Passive marketing takes time to build up.
How Much Time Should You Invest
You can start off very part-time with just a few hours per day working on your business. If you have a job now you’re in a great position to open up an additional stream of income to your bank account.
Don’t wait until your back is up against the wall from a job layoff or a major repair comes up to start your business.
What happens here is you’ll usually come off as desperate because you need to make money fast. People will pick up on that.
Imagine if you were interviewing for a job and you didn’t have a job, you would be nervous and anxious because you need that job.
Now imagine if you already had a job but you went and interviewed for a job, you would be more relaxed because you’re not as desperate for that job.
Apply this to building a network marketing business, while yea everyone would love to just sign up everyone we meet and they go and sign up people, but unfortunately, it doesn’t happen that fast.
[Video] Network Marketing Success Tips
Network marketing is a great business to start off building part-time, just about everyone does. It has a low cost of entry and low risk to go with it. If you already have a job use that to help start your new business.
Get out there and do some active marketing and prospect your butt off if you want those fast results. Don’t’ forget to learn some passive marketing strategies while you’re at it. That way you can make active marketing optional once you have leads flowing in.
If you’re looking to get rich quick, don’t like talking to people or you’re not coachable, then I suggest you DONT do network marketing.
If you like the idea of residual income, time freedom and maybe being your own business, I highly suggest you give network marketing a hard look.
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