I cringe when I hear the phrase that “network marketing is for everyone”.
Although I strongly believe that the industry is a great option for individuals and that the opportunity can greatly enhance their life and their families, the truth is that NOT everyone is right for network marketing.
This statement is commonly overused by a newbie desperate to “sell” you on their new business venture and is one of network marketing’s most enticing selling points… it sets up the industry as simple and easy that a
caveman anyone can do it.
For example, college students looking to pay off student loan debt or work at a flexible job other than a coffee shop or retail are able to put their tech skills to use and make a huge impact as CEO-millennials. Stay-at-home parents that are looking to use their professional skills and make money from home to help with finances or to just have an itch to work without compromising their one-on-one time with their kiddos make a smooth transition. Baby boomers are either faced with the stress of being unable to retire or have already retired and are looking for simple, flexible ways to supplement their income.
Whichever category you fall in, network marketing really can fit into your lifestyle and background no matter how diverse.
Want to know if you can make the cut? Read below to find out the 6 reasons you should not going a network marketing company.
1. You don’t like meeting new people
If talking to people or working to help others is not your jam, that is perfectly fine. But this career is not for you.
Networking is the backbone of this industry and you have to either be open to learning how to talk to others (in case you’re shy) or like being around people!
Attending events, meeting new people, putting yourself out there is all part of the process. Not only does this help you grow your business, contacts, and network… but it will help you with personal development.
2. You are afraid of commitment
If commitment scares the bejesus out of you, then network marketing is. Not. For. You.
One of the first tasks you should complete when you first get started is to create an “I-story” or a quick 60-second snippet of why you chose to pursue this career in the first place. Your reason should be both compelling and inspiring. What I find to be more impactful is to start with creating a vision statement to build your “I-story” on.
A vision statement is more than just why you got started, it is the foundation of what and where you see yourself in the future. It is the goal and the outcomes you would like to attain along this journey.
This is such a crucial step because there are times that you will want to quit. You will want to throw in the towel and say, “Forget it!”
Networking marketing is not for the faint-hearted and you will want to quit.
Another, essential reason you need to be committed is because the work never ends.
If someone tells you this industry is an easy way to make money or you hear the words “Get rich quick”… RUN. I mean really, run for the hills. That person either doesn’t know any better or is shady.
This industry can be brutal. You will face your fears, insecurities, and a WHOLE LOT of REJECTION!
Those are just a few reasons why commitment is essential. 🙂
You still in?
3. You don’t want to be a leader
In order to make an impact and become successful in network marketing, you really should build a team/organization. AKA recruit or sponsor others.
Why? There just isn’t any other way to reach the top income levels without having a team. You can only do so many presentations or make a certain # of sales by yourself.
However, sponsoring others is not about sitting back and making money off of their labor. Building a team requires you to be a leader and step out of your comfort zone to continuously grow yourself and help build others.
This industry rewards you when you help others become successful. The best way to win is to teach and show others how to personally grow and focus on reaching their goals. This will automatically impact your success.
It’s perfectly fine if you don’t want to lead. You can either move on from this career option or you can be open to learning HOW to lead.
Totally up to you.
4. You don’t want to spend money
Have you ever heard that it takes money to make money?
Personally, I used to think this was bogus BUT I have definitely had a change of heart since then.
I have found that investing in your business will not only give you essential tools to learn your industry, but it truly DOES set you up for success. Most companies have recommended Starter packages…. my company did not mandate I purchase
Most companies have recommended Starter Packages …. my company did not mandate I purchase any product but its challenging to open up for business without anything to demo or sample…
Be careful of companies that ask you to invest thousands of $$$ .
Other expenses to consider and budget…
- Marketing materials, website, promotional material, samples, handouts, etc.
- Events- training, conventions, and conferences (tickets can range $50-$400)
- Travel expenses- presentations, meetings, etc
- Office expenses- setting up a business phone line, internet service, printing material, etc.
Track your expenses with this cheat sheet reference guide
5. You don’t want to make the time.
We all have the same amount of hours in a day… what we do with those hours is entirely up to us!
Owning your own network marketing business takes time! A lot of it. Especially when you are first getting started… Ironically, you will be extremely underpaid when you first start but you can also be greatly rewarded for less effort after building a solid business.
Ironically, you will be extremely underpaid when you first start but you can also be greatly rewarded for less effort after building a solid business.
Prioritizing your income-producing activities around your family and existing obligations is key!
Since you work for yourself, you won’t have anyone telling you what you should be doing throughout your day…
You will need to be disciplined and committed to somewhat of a schedule or at least a task list… The best part is YOU are in control! This is where the flexible schedule benefit comes into play.
If you don’t want to be in charge of your own schedule… maybe this isn’t the job for you… but if you just need help or guidance with how to structure a productive day… check out the planner I use to organize my tasks. Click on the image and you will be directed to checkout.
Some affiliate links are used and I may receive a commission if you click or sign up for certain offers. The chance of compensation has in no way affected my opinion of any products, services or companies featured on this website. I only share products, services and promotes companies that I believe will benefit herself and/or her readers and that meet a high standard.
6. You don’t like feedback
This last reason is equally essential to determining your success in the network marketing world.
Accepting feedback from your upline, sidelines, and even clients not only humbles but shows that you are open to growing.
“You only know what you don’t know” It’s ok to not know everything, but often times, we are limited by our experiences and perspective. By allowing others to give you feedback and being open to what others say is a great way of measuring how you are serving your clients and your team.
If you said YES to any of the above points, then network marketing is not for you. That’s OK 🙂
There are plenty of viable careers out there! Check out Mompreneuronfire.com for some inspirational success stories of women in different industries.
If you feel that you have what it takes, then let’s get this party started!
- Be open to meeting new people
- Create a personal vision statement
- Focus on growing others
- Invest in yourself and then your business
- Prioritize your day
- Be open to feedback
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