Top 3 MLM Principles for Network Marketing Success
Today, let’s talk about the three main MLM principles that you’ll need for growing a large successful Network Marketing business.
I had someone reach out to me the other day and they said they wanted to make $2,000/week in their Network Marketing business, quit their job, and make enough residual income so they can travel and relax on the beach all day. Great goals!
Keep in mind… this person has never made $2,000/week in their current job and they’ve never built a business before (not even in Network Marketing). I’m not saying it can’t be done and they shouldn’t dream big. What I’m saying is that FIRST we need to lay down the main principles and practice the fundamentals for growing a large organization and successful Network Marketing business.
Top 3 MLM Principles of Network Marketing Success
I love using analogies and stories to prove points and to help people understand my arguments so in this scenario, we’re going to talk about the game of basketball.
In basketball, how do you start practice?
- First, you begin with dribbling and then you go onto layups.
- After that, you might start practicing your free throws at the foul line.
- Maybe after 10-15 minutes of practicing your foul shots, you move onto different plays to use during the game to strategize points on offense.
You get the point.
You don’t just go into practice working on three pointers and dunking the ball! You practice the fundamentals of the game every day and you become better and better throughout the years.
That’s the same scenario with Network Marketing. If you want to make $2,000/week in residual income in MLM, travel the world and relax on beaches instead of going to your cubicle job every day, you must be willing to practice with perfection on the basic principles that will get you there.
MLM Principles #1: Prospecting
What is MLM Prospecting? Prospecting is simply the art of finding people to talk to about your Network Marketing business or product.
It doesn’t matter to me whether prospects come from cold market/hot market or online/offline. What matters is that there’s an abundance of people out there in the world that are looking for ways to make an extra income from home so they can have financial freedom, travel, and not be tied down to a 9-5 cubicle job.
What’s great is you can connect and network with people from all over the world using social media (Facebook, Instagram, LinkedIn, SnapChat, etc) and you’re not limited to people within 50 miles of your zip code.
This is basically like dribbling in basketball. That’s it.
So there’s your first principles when it comes to having success in Network Marketing – expanding your network and growing relationships with people that you meet.
MLM Principles #2: Inviting
This IS the core fundamental of growing a successful business in Network Marketing, and this is where a lot of people tend to fail or give up because they’re not willing to tweak/finesse their communication to see if prospects are open to a side business in MLM.
In terms of basketball, this is your layup shot.
However, too many people are trying to skip over the main principle of layups and go right towards DUNKING the ball!!
Inviting people to look at your MLM business opportunity takes practice and not just practice, but PERFECT PRACTICE!
This takes hours and hours and hours of work to get really good at talking to people, following the steps, and becoming better in the Network Marketing industry.
If you ask any big recruiter in Network Marketing what it is that they do, I guarantee you that what they say will surprise you NOT because it’s something phenomenal that you’ve never heard before BUT BECAUSE it’s something you’ve probably heard over and over and over again…but you never mastered the art of inviting!
But before you dunk the ball, you need to practice the core principles such as running and jumping first. Too many people fail because they want the easy way out like copy/pasting a long script and inserting their link for people to sign up…and that’s why your prospects are ignoring you.
By the way, if you ever want to see/use the scripts I follow for inviting people to my Network Marketing business, go to my free training here.
MLM Principles #3: Follow Up
I don’t know about you, but I use to hate free throws. You know when you get fouled in basketball, the ref blows the whistle to stop the clock, and you go to the foul line to shoot two free throw shots while everyone is watching you. Yeah, I hated that!
Free throws are like your follow ups in Network Marketing, and this is where you win the game! Every great game in basketball with a close score always comes down to who can make their foul shots. That’s the fortune!
You may have heard this before that, “the fortune is in the follow up” which is entirely true, but most people forget to follow up with the MLM prospects or they are too scared to ask for the sale! How do you plan to make any money in a business if you don’t ask for the sale??
If you’re looking for a great way to follow up with people, be sure to check out this blog that I wrote yesterday about how I prospect people, invite them to take a look at the business, and then follow up with them.
These three basic MLM principles are what you need for growing a successful Network Marketing business. I would highly success that you practice these three core fundamentals daily and practice them with perfection on your kids, your wife, your mom, your dog, your turtle, etc until you’re consistently doing them habitually like muscle memory.
Just like Jim Rohn said, “Don’t wish for it to be easier, wish you were better.”
Don't wish it were easier. Wish you were better. - Jim Rohn Click To Tweet
I hope this blog and video training has helped you with understanding the basic MLM principles in Network Marketing and if it has, please comment below with your feedback. I’d truly appreciate hearing from you.
Cheers to all of your success!
P.S. If you ever considered working with me personally and you’re interested in creating more time, wealth, and freedom in your life through network marketing as well… reach out to me here and we’ll see if our opportunity is a right fit for you.
“PEOPLE THOUGHT I WAS CRAZY FOR LEAVING MY 9-5 JOB TO CREATE A LIFE OF COMPLETE FREEDOM.
NOW I TEACH OTHERS HOW TO DO THE SAME.”