Your first year in network marketing can be exhilarating. It can also be frightening if you aren’t one hundred percent prepared for the task of running your own business. Facing the challenges can overwhelm you if you aren’t careful. Stick with it, though, and you have a chance at a career where the income continues to grow annually.
Businesses that fail will usually fail within the first year and many fail for the same reasons. With a little help, your business doesn’t have to become a statistic. Your first year in network marketing can set the stage for all the years to come. Start out on the right foot. Expect challenges – they come to all businesses, but know how to rise above them.
Know the reasons why you want your own company. Prestige? Money? Being your own boss? Those are all valid reasons, but knowing why you want your own business and knowing how to run your own business are on opposite ends of the spectrum. Excitement and desire can’t compensate for a lack of knowledge.
Expect to be overwhelmed at times. Are you bad at managing? Do you know anything about basic business skills? If you can’t manage your daily life and business skills aren’t something you possess, you need to get busy educating yourself.
It might take you more effort, but you can still be successful in your marketing business. If you’re not the most organized person by nature, learn how to overcome that – even if you have to hire help. Misplacing your keys won’t have the same impact as misplacing a potential customer’s information.
Expect the competition to be fierce. Dig in your heels and be determined to end up as a success story. The great thing about network marketing is that it’s not a closed field. There’s always room for one more, provided that you know how to work the business.
Expect to be discouraged at times. This is caused by unmet expectations. Maybe some of your downline left. Maybe your upline isn’t as helpful as you need them to be. Whatever discouragement heads your way, if you get knocked down, don’t pitch a tent there. Get back up. The only marketers who succeed are the ones who stick with it long-term.
Expect growth. The potential to earn a great income and gather a large downline through network marketing exists, but sometimes a business fails because they didn’t know what to do with the growth.
Whatever happens in your first year of network marketing, you can bet it won’t be boring. You’re embarking on a trip that can take you farther than you ever dreamed was possible. So hang in there and enjoy the ride!