If you are serious about building a network marketing business you need to treat it as a big business from the start. This means you need to invest both time and money into making it successful.
How Much Should I Invest?
Many people treat MLM or network marketing as a small, part time business that I should not have to invest money into kind of thing. Not sure why that is, but it’s not the best way to build it.
In conventional businesses people will invest thousands of dollars into a building, signage, advertising, employees, inventory, insurance etc. before they have even opened their doors or made a single dollar.
Yet when they start their MLM business they seem to be reluctant to invest anything. It takes only two things to build a business of any kind: Time or Money and most times, both. If you have no money then you must invest your time and do so at a high level.
Expectations
You cannot expect to spend 40-50 hours per week for your employer and then spend 1 hour a week building you own business and expect the money to just flood in. Set time aside and be consistent in your daily business investment of time.
Additionally the MLM business does require some investment in the form of money. You will be using it for different things than a conventional business because we don’t need any of the traditional things. In network marketing you invest money into lead generation, advertising, and learning more about business meaning it’s an investment in your own education. Like with anything new, you need to invest time and effort.
If you already knew how to start and build a successful MLM you would have one already right? If you are looking to grow your MLM to the next level then invest again. So don’t be afraid of investing in your own business and in yourself. Ultimately it’s for you and your family.
Tax Deductible?
Remember that you are a real business owner and you are entitled to the real benefits available to you. Many of your business investments and expenses are tax deductible. Advertising, Lead Generating activities, meetings, educational expenses, meals and mile may all be deductible and reduce the amount of taxes you have to pay at during tax time. Check with your tax preparer to get the list of qualified item. You don’t get to write off your expense you incur while you are going back and forth to work do you?
So remember the money you invest pays you in more than one way now. It helps you grow your business and saves you money at tax time. Think about how great that is!
Small thinking versus big thinking
OK, here’s we we get personal a bit. Are you ready?
You are, where you are in life based on the way you think. It’s not the circumstances or your upbringing or someone else’s fault here. You need to change the way you think about how you are spending your time and money. If you want to be a millionaire listen to one and do what they did. Just follow their success pattern.
You don’t need to do what they do for a business to benefit from their methods and thinking. Watch Marcus Lemonis on the the TV show “The Profit”. It is a really great show that teaches you about a lot of excellent and valuable business principles and methods and shows the right and wrong way to think about business. It is also very fun an entertaining at the same time!
If you are really interested in building a six figure income in network marketing then you have to change the way you think about investing . Give your own business as much as you can. It pays off in the next 2-5 years in the business and the investment in your education is your for life. You will take that everywhere.
If you want to be making $10,000 per month or more you need to align your thinking with people who do.
Think Big. Earn Big.
Small investment versus a big investment
Remember you don’t need a big investment to start your REAL network marketing business. It costs anywhere from $29-$299 to start your business. That does not make it any less real or reduce the potential of making big money because you did not have to invest $100,000 or more. Don’t get hung up on not having a building everyone can see with your name on the sign. This is a Huge benefit!
In any case the name of the game is getting people to see and experience the products you offer and the opportunity they can benefit from. In any business that will take both time and money.
MLM investments
If you want to learn how to get the most out of your investment of time and money you can learn our teams lead generation techniques that can yield you the lowest possible cost leads.
Join my team and we will show you how to do it. Then you show, the team members who join you. It creates fast duplication and allows a sustainable pattern for success that anyone can follow.
If you are NOT on my team yet, please fill out this quick form HERE
Believe in yourself, believe in your business and invest in both. You are worth having the lifestyle you want, but you have to work for it and invest in it.
Discover a Simple Business that Pays a Full Time Income from HomeThanks for reading!
Mark Balderrama
