It’s nearly impossible to be on social media these days and not have at least one friend who’s constantly sharing their multi-level marketing success stories. The big question is: is it actually possible to make money working as a multi-level marketing representative? The answer is yes, with some strategic planning and lots of hard work, you can turn a multi-level marketing opportunity into a lucrative career.
Here are 7 tips to help you build a successful business in multi-level marketing and make more money than you ever thought possible.
1. Find the Right Company
The first step to finding success in multi-level marketing is to find a company that offers a product you believe in. Successful companies offering exciting products include Tupperware, ASEA: Science Based Medicine, Scentsy, and many more. Sharing your own personal experience with the company and the products you sell plays a key role in finding success in this type of business. If you can’t convey to friends and family how integral this product has become in your life, how can you expect to convince them that they should give it a try?
2. Participate in Trainings and Attend Conferences
Get involved. Attend conferences, participate in conference calls, and read everything the company puts out about the product you’re selling, as well as any tips they have for marketing and selling the product. The company you sell for wants you to be successful, too, so take advantage of any help they offer and you’re guaranteed to pick up a few tips and tricks to help you grow your business.
3. Use Your Upline
When you sign on as a representative with a multi-level marketing company, you’ll be placed on a team. Whether you know the people in your upline personally or not, reach out to them. Ask them questions and listen to their advice—they have found some level of success with the company and can help you set goals and stay on track to find your own success.
4. Be a Leader
In multi-level marketing companies, you earn a commission on every sale made by the people below you on your team, which makes building your team so important. Just as your upline has a vested interest in your success, you should do everything you can to help the people in your downline. Be a strong leader and help your team—their success translates into your success, so it’s beneficial for everyone to get involved and help them succeed. Whether you are selling products for ASEA health or scented candles, you can find ways to lead those on your team.
5. Set Goals
If you’re not setting goals, you’ll eventually discover that you’re not moving forward. Take the time to sit down and think about your ultimate goal, then break down that goal into smaller goals that will ultimately lead you to achieve the big one. Celebrating small victories will help keep you motivated to work hard, and focusing on the next goal you want to achieve will keep you on the path to reach the big prize.
6. Consider This Your Job
Even if you intend to stay at your current job until your multi-level marketing business takes off, you need to adopt an “all in” attitude and consider this new position to be a real job. Create a designated space in your house to work on your business and give yourself a set amount of time each day to focus on that job. Your new business is what you make it—if you put everything you have into it and treat it as something important, your hard work will pay off.
7. Never Stop Networking
The most important part of your job in a multi-level marketing company is networking—this is the way you’ll expand your circle and meet new potential customers. You can’t expect to grow a successful business and make a lot of money if you don’t stretch beyond yourself and continue meeting new people. Talk to everyone you meet about the products you sell, pass out business cards every chance you get, and share your personal experiences on social media—you never know who could be your next customer or team member.
Find Your Success
The main thing to remember is to find a product you believe in, and to always believe in yourself. You are capable of great things, and there’s no reason that you cannot achieve the great success that those around you have attained. With hard work and dedication, you have the potential to find limitless success in multi-level marketing.