The Correlation Between Proper Mentorship and MLM Success: An Introduction To Multi-Level Marketing And Tips For Beginners
You may have probably heard some people share some of their MLM success stories, and although the business plan sounds really promising, you’d see some other people share their experience which is completely the opposite of success. Can one really generate a good amount of income through MLM? Why do others become successful and why is it that a larger percentage coming from this group of individuals fails?
Today, we’ll break down the different factors causing MLM success and find out the common problems many people encounter to hinder them from achieving success.
Mentorship Plays An Important Role
Given that you’ve joined a multi-level marketing program that has great products, excellent business plan, and promising results, it is also essential that you join a group that provides a solid mentorship foundation. Having a great mentor is one of the secrets towards people’s success in MLM, and without someone to guide you all the way, your chances of reaching your potential earnings are slim to none.
First of all, it’s time to stop that common misconception that you’d earn money without doing anything in multi-level marketing. If you’re working your way from the bottom, you have to understand that a lot of time and effort has to be exerted. You need to have an approach that will attract other potential investors and at the same time, be strong-willed to accept rejections.
All of these things, when done on your own may not yield good results, especially if you’re just starting out in the industry. You need someone who has the experience and knowledge to guide you throughout your journey. A good coach should be there to help you how to strike your prospects and how to handle rejections. They may even share some excellent strategies of their own to help you close that deal with a prospect.
Practice What Your Mentors Taught You
Regardless of how excellent your coach may be, if you don’t practice their teachings, you won’t see results. You have to understand that you need to exert effort to earn money, and by doing nothing, don’t expect that you’ll get something in return. This is one of the problems many people joining MLM encounter. They expect to become successful just like what they’ve heard from various MLM success stories, but they don’t do anything – yet, end up thinking that the company they’ve joined is a scam.
Everything that you’ll earn needs an action from you. If you decide not to do anything, don’t expect that you’ll gain anything, bear that in mind.
Socialize And Connect With People
Today, when someone says “socialize” and “connect” with others, people have the common understanding that this can be done through Facebook and other social media sharing platforms. Although social media sites are excellent mediums that you can use in attracting prospects, it doesn’t necessarily mean that you have to stick with the virtual world.
Go out and meet other people. Engage in a meaningful conversation with your family and friends. Show them that you care and that you’re willing to help them out. While telling them that they can easily earn money by joining the program sounds enticing, it is important that you become truthful when inviting other people to join.
While there’s nothing wrong with motivating other people, you need to explicitly set their expectations, because lying to them and tricking them into joining with false income figures won’t do any good. In the end, you might just lose their trust. Respect their decision in case they wouldn’t want to join you yet – as soon as they’ve seen your success, they might just seek for your help, and you’ll find the right time to help them out.
Take advantage of group gatherings, parties, and other events to find potential investors and people who are willing to join your team. Remember when we said that good mentorship plays an essential role? Now that you’re accustomed to the business plan and experienced as well, it’s time to get that leadership going and give your downlines the kind of coaching that you’ve received, to help them achieve success.
Consider This As Your Very Own Business
Joining an MLM program isn’t an employment. This is your very own business, and make sure that you treat it as one. You can probably hear this from other people sharing their own MLM success stories, and you should consider it one as well. Remember, you’ve invested money on this, and because you are your own boss, you handle your time and you control how everything runs, it is your business.
When starting up, you might be tempted to leave your daytime job as soon as you’ve received your earnings from your MLM business. Although this is the most ideal way to concentrate on your business, don’t do it just yet. You need a backup plan in case something doesn’t work out – it’s not like you’re being pessimistic, but it is always best that you stay on the safer side, especially with the given economic circumstances.
Find A Motivation
Sooner or later, you’ll receive rejections and would think that this business isn’t for you. This is wrong. Everyone is entitled to have financial freedom, and when you’re on the verge of giving up, don’t. Look for inspiration. Find something to motivate you. Start thinking of the things that will make you feel motivated again. What urged you to start your MLM business? What came to your mind at that moment?
Give your time to think about these things and eventually, you’ll understand that rejection is a big part of the business. There are no MLM success stories that do not involve rejections – everyone who are now big and have been earning large profits from this started out small, and they had faced a large number of rejections as well.
There are different MLM business models, and choosing one and carefully finding your mentor plays a significant role. Are these promises true? Can you really achieve financial freedom? Yes – with the right model and with the right amount of motivation and inspiration.