For many people who are inherently entrepreneurial, starting a business is the ultimate dream.
Are you thinking about starting a network marketing business?
Perhaps, you are already a network marketing professional.
In today’s post, I want to tell you things no one tells you about running a network marketing business.
This training will be episode rail and we will stop at part 3 so let’s get started together from here.
There’s no doubt that starting a network marketing business has many perks.
You get to be your own boss.
You can work how and when you want.
You set your own fees, essentially earning what you’re worth.
Unfortunately, the idea of running your own business is often much different than the reality.
While you may have freedom, your new role as boss may come with a lot of junk you don’t want – things like longer hours, risk, and financial hardship.
This could be the reason why there’s lots of people who could start a business in a year and the next year many of these people who have quitted also.
But there are things no one tells you about running a network marketing business.
1. You’ll get less respect or be asked when you’re going to get a “real” job.
Although this is a little less than it was 10 years ago, for some reason, many people don’t view network marketing business as legitimate career choices.
Instead, it’s something people do on the side to make a few extra bucks, or until a real job comes along.
2. You focus on nurturing relationships instead of day-to-day grunt work.
When you first start out as a network marketer, your time and energy are focused on consuming information.
You talk to people, go to networking events, reach out to mentors and gobble up the best business books to help you on your path.
But at some point, you have to take a step back and focus on developing better relationships and connections in your business.
My first year of business, I spent too much time trying to be at every program, going to every conference and meeting everyone in my industry.
I ended up spreading myself — and my finances — too thin.
I realized that by trying to meet and greet anyone and everyone, I couldn’t dedicate enough time to truly cultivating the relationships that would make my business stronger.
Successful network marketers spend less time out and about and more time nurturing their business relationships, from meeting with team members to connecting with prospects.
3. People will think you have all the time in the world to do them a favor.
Because you work from home, you must have time to let the cable guy in for your neighbor, pick up your sister’s kids at school, and have lunch with your mother.
To avoid becoming the go-to on-call helper, have set work hours and be a stickler to others about respecting them.
4. It’s a lonely game
In the early days and months of running your business, there will be a lot of alone-time, working unsociable hours and putting everything you have into making your vision a reality.
Network marketers often struggle to find people who genuinely understand what they’re going through.
Partners and friends may not have interest in your business so they can’t really offer any personal advice.
Find a good network of people in the same boat and try to work out of shared space, you’ll soon find you’re not alone.
There’s no water cooler for gossip or feedback from a colleague.
Social media and online groups can also help with this, but it’s important to make an effort to connect with people in real life like I have said.
This can be done through live networking events, co-working facilities, or MeetUp groups.
5. You’ll face negativity
Genuine network marketers are often seen as “the crazy ones”.
Unfortunately, this will come hand in hand with scepticism about your dream.
Everyone you speak to will have an opinion on your plan and this is where the guts and determination of an entrepreneurial attitude comes into play.
I’ve seen businesses flounder when they didn’t take good advice, but there’s a reason why not everyone has their own business, so be careful how much naysaying you listen to.
6. You’ll find friends in other network marketers
Despite coming up against challenges daily and feeling as though you’re the only one in the fight, as a network marketer you have thousands of potential supporters to call on.
All network marketers are focused on survival and others won’t want to see you fail.
In my experience, they are nearly always happy to share experience, even if there is no benefit to their own business.
Find a network marketer you respect and ask them to be your mentor, seek advice and establish connections: you never know when they might come in useful.
Starting your own business may seem like the ultimate way to earn more money while also taking control of your life, but it can be difficult to make it work in the long run.
Starting your own business isn’t all puppies and cupcakes.
Being your own boss does have it perks, but you often pay for those perks with longer hours, more responsibility, and a whole lot of stress.
But, the spoils go to those who work hard and, most importantly, never give up.
So, if you want to start your own business, you should create a feasible business plan and stick with it no matter what.
I hope you got some value out of today’s training. If so, can you do me a quick favor? Like, share, and comment below. It’d be great if you’d give me some feedback!
P.S.: The Feedback on The Cold Market Prospecting Formula has been awesome click here to check it out.
I hope this is helpful to you?
Let me know what you think in the comments below. And, feel free to share this with your teammates.
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