Sometimes I get questions like this one…
How many hours a week would I need to invest to make 100k a year within a year?
I understand you want to make 100k a year in MLM and you want to make it happen within 12 months.
I’m going to answer your question by first exposing to you the factors that influence how fast you can make 100k a year; next I’ll explain how YOU can make 100k a year and will conclude with how we can put it all together and make it happen.
First of all, you know that Network Marketing is not like a job. In a job your employer decides on how much you make. But Network Marketing is a business, and any business is based on performance. And performance is based on knowledge and training. Of course there’s other things that influence your performance like mindset, discipline and resources. All of which are factors that influence what you will make. This is why it’s almost impossible to know how much anyone is going to make because everyone comes to the industry equiped differently in those areas.
Take resources for example…
I divide resources in three categories that I call the ” 3 C”s: Contacts, Credibility and Cash. They are factors that can speed up your results.
You could join the business and bring an organization you built somewhere else. Or you could be the mayor of the city, a very well respected professional or a successful business person. This can certainly influence how fast you build a team by the number of people who follow you.
In my company for example, those who reached $3,000 a week in income, did it in 23 weeks on average. But because our company is relatively new, we attract a lot of people who already have experience in M.L.M.. This certainly influences positively in the beginning the average income chart.
But let’s consider you start from scratch and you have no extraordinary influence. What could determine how fast you make money?
I mentioned Mindset, Skills and Discipline.
The Mindset To Make 100k a Year
You’ve seen them. They are very talented individuals but they focus on the bug. They question everything, they make excuses, they drive you nuts. If you had their skills, you’d make a fortune.
And then there’s the other group of individuals… they are much more successful than you are and you wonder how this could ever happen. They are not as talented or brilliant as you are but they manage to be more successful. How can this happen?
What do they know that you don’t?
Well sometimes they don’t know more. But the little they know, they apply without questioning.
And if you try to convince that it won’t work, they will deny and be so strong on their position that they will convert you to their belief.
“Boldness has genius, power and magic in it!” ― Johann Wolfgang von Goethe
The Skills To Make 100k a Year
No one comes into network marketing fully knowing how to do each part of it. There are things they must learn. The learning curve can be more steep for some than others. So spend some time daily learning the right way to build your business. You need to train yourself on company, products/services, M.L.M industry and how to communicate effectively with people.
This again, can influence how fast you will make 10ok a year.
The Discipline To Make 100k a Year
I often see people who are extremely skilled but they just sabotage their own success because they don’t have the discipline to take consistent action. They just hang in there. Or they take action but too small actions.
“You can’t be a little bit pregnant” – Unknown.
If you do things half way, you don’t create enough momentum to really produce any results.
So… Can I tell you how much you will make and how fast?
It depends on who you are, what you bring to the table and how fast you will invest in yourself to improve.
What I can do though is I can show you in the compensation plan what’s required for you to make 100k a year in our business. We can make a plan to do it and I can teach you what to do and how to do it.
And as far as how much time to invest per week. Most people who reach a full time income within 12-36 months have invested 10-15 hours a week into the business.
I’ve got to warn you about big goals…
Very often, people come to network marketing with big ambitions to make millions of dollars. In your case 100k a year. If you’ve never made that before, it can be a big goal. That’s why I like to set a big goal and then break it down into smaller ones, 30 to 90 day goals and focus on tasks you control. By focusing on the tasks and adjusting each week, getting you back on track quickly if needs be, you can reach the big goal. Small signs of success is what keeps you in the game.
Making 100k a year within 12 months has certainly been done before. If you know where you are, you know more than I do the answer to your question. I’m proposing to go through the basic training and then create a custom plan for you. With it, you will be more equiped than 99% of Network Marketers.
And if you don’t do this, what else?
You can still chase the next “guru” that will promise you will make $10k per month within 12 months.
Or you can take what you have, invest in yourself and build yourself into a 100k a year income earner. Then take those skills and set another goal and reach it.