Date: 3 Feb 2010 Comments: 0

Network Marketing is a great industry.It can be even more rewarding if you are fortunate enought to find an excellent product line with a stable company.  Maximizing your financial rewards through the compensation plan can certainly be achieved if you take time to really understand your income opportunity - and especially the risidual benefits.

As with any serious business endeavor, you should take time to develop a concise business plan which includes your marketing strategy.You will no-doubt have some key insight into a few of the specific elements of your opportunity, because there was obviously something there that interested you enough to get involved.  The “hook” that brought you in, is probably a key interest for you - so you will likely utilize that interest in your own recruiting efforts.

Key Point: take the time to develop an effective business plan which includes your marketing strategy and perhaps your financial goals.

Unfortunately, most people who get involved with a Network Marketing opportunity do not really take their business seriously.They join mainly because they were given a slick pitch by their sponsor, or perhaps they just really like the product.  Many people get involved because they want (and perhaps need) to believe - this is the opportunity that will bring them financial freedom.

Certainly, there are great rewards in building a strong Network Marketing downline.  But it does take work, and it must be treated as a business - your business.

Too many good people have been hurt because they jumped-into an opportunity without assuming they had a role to play in the success.These honest people have been victimized by the over-hyped pitch that gives the illusion that nothing is required in order to build success.Many of the problems in the industry come from sponsors who recruit rookie networkers using hype and lies.

I have been a top income-earner as a distributor in the field, and have also been a Network Marketing Company Corporate Vice President.  In my years of leadership in the industry, I’ve seen some pretty disgusting sponsor tactics.I have also seen many dreams crushed, because people got involved with the wrong expectations.

The advice I would give anyone who is looking to join a Network Marketing opportunity is - do not depend on your sponsor for your success.  It is inevitable that your sponsor will fail you, or will go “AWOL” and never contact you again.  If you rely on them for your financial reward - you will be terribly disappointed.  

Bottom Line: You are in control of your own success

If you want to succeed in your Network Marketing opportunity, decide that you will succeed on your own - regardless of what your upline may do.Certainly, you may want to use the tools and systems they provide, but don’t allow their tools to thwart your own creative marketing ideas.Utilize as many resources and tools as you can - but never become solely dependent on any one system or tool to succeed.And above all, do not give up on your dreams when your sponsor goes AWOL… Just consider it part of the drill.