This may seem like an outlandish statement, but it is no the top end of what the top producers in the network marketing industry are doing. This is just a number based on what many of you aspiring top producers would like to do in order to feel very successful with your MLM business and feel comfortable about your future.
Last night I was lucky enough to meet Mr. Mark Yarnell, a legendary figure in network marketing. He revealed to me how to make $ 100,000 per year in his first year in MLM, and within that conversation, the “10 landmines to avoid” that will destroy his chances of doing so. Today we are going to cover what you need to do, or “How to make $ 100,000 a month in your first year” in your MLM home business.
Mark Yarnell, the source of these incredible MLM success secrets, has made over $ 30 MILLION in this industry, so he has at least a leg or two to stand on. Think of a more contemporary top producer like Mr. Jeffery Combs, who has done unique months in network marketing over $ 400,000. It is absolutely doable.
Mark made an interesting comparison regarding income or performance statements. Let’s say you went to play for a professional team as a new player and went through a sort of orientation process. Does the coach tell you, hey, do you see that player on the bench? He never played a single game, but he gets paid $ 200,000 per year. If you practice really hard, maybe you can be as good as him one day.
Absolutely not! He’s going to say, do you see that player there? That’s Michael Jordan. He starts every game, scores X points and earns $ 18 million a year. If you commit to practicing really hard, maybe you can be better than him and earn more money than him, one day.
However, in our industry, regulators don’t want us to mention what is possible to do. Isn’t it crazy that the FTC regulators want us to only talk to you about the 97% of the people who never make more than $ 10 a week from their MLM business? What a sad thing to aspire to. I don’t know about you, but I was looking to top producers to determine what was possible for me, when I set my personal goals for my MLM home business.
I am focusing on MLM home business success, not failure. You should be too.
So what do you need to do? As always, when I meet the true professionals in this industry, they reduce it to simple steps that require some work and constant action.
I. Ask yourself, “Would I recruit my mother into this company?”
- Your core values should match the company you are joining.
- You need to believe in your opportunity 100%.
- If your core values don’t align with your vehicle, you will sabotage yourself before you hit the big bucks and hit the jackpot. It can’t just be about the money.
II. You must analyze the size and potential of the market sector in which your company and its products are located.
- Are the products something that a large percentage of people use regularly or only a small percentage of people use them? Is it a small niche or a mass market?
- Your best potential lies in products that have a huge and growing market, products that you would buy regardless of whether you are involved in the business opportunity.
III. You should spend two hours a day building professional relationships, every day, 5 days a week. This is the lifeblood of your MLM business.
- In the MLM business, you get paid to do just two things. Recruit team members and retail products.
- Professionals get paid, amateurs don’t. You should treat network marketing like a business, not a hobby.
IV. Decide to get to $ 100,000 per month. Decide how long it will take to arrive: one, two or three years.
- Based on 20 days per month, you must present to 30 qualified prospects per day, to get $ 100,000 per month in one year.
- Based on 20 days per month, you must present to 20 qualified prospects per day, to reach $ 100,000 per month in two years.
- Based on 20 days per month, you must present 10 qualified prospects per day, to get $ 100,000 per month in three years.
- With fewer than 10 people per day, you reach a point of diminishing returns. Decide on one, two, or three years to get to $ 100,000 per month.
If you want to get there in a year, as we discussed in the title of this post, you must present your presentation in front of 30 qualified prospects per day.
What is so powerful about this is that it is a simple enough step-by-step process for anyone to run. There are no barriers to entry. It doesn’t matter your education, your family status, your financial situation. Anyone can follow these steps.
It takes hard work and commitment. The reason 97% of network marketers never reach this level is because they don’t execute. This is why most people never achieve this income, even with these MLM success secrets delivered.
