The Power of Measurement in Network Marketing #28Feb 16, 2023
The Power of Measurement in Network Marketing #28
Introduction: As the old saying goes, “What gets measured, gets accomplished.” When it comes to building your network marketing business, this rings truer than ever. It’s not enough to have a vision for your business—you have to break that vision down into achievable goals and track your progress along the way. To stay motivated and on track, I like to break my goals down into bite-size chunks: 30 days, 60 days, 90 days, 6 months, 1 year, 2 years, 3 years, 4 years, 5 years… and then keep tracking my progress! This episode will walk you through how to do the same.
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Measure Your Progress Every Step of the Way
Let’s start with day one. When you start your journey as a network marketer, you should be asking yourself questions such as “How many people can I reach out to today?” or “How many times can I follow up with someone?” These are all measurable activities that will help build your business over time. As you begin to build relationships with customers, make sure you are reaching out regularly and helping them use your products and services correctly. This is an important part of measuring success—you have to ensure that customers are actually using the products or services correctly for the best results.
Set Goals for Every Stage of Your Journey
Breaking down your long-term goals into smaller chunks will help you stay motivated and on track as you work towards achieving success in network marketing. Start by focusing on short-term goals—what do you want to accomplish within the first 30 days? How about 60 days? 90 days? Then look at mid-term goals like 6 months or 1 year; finally think about what success looks like after 2-5 years in business. Writing these goals down helps visualize them—and seeing them written down makes it easier to envision what success looks like!
I’ve been listening to Bob Proctors latest book, Change Your Paradigm, Change Your Life. It’s a great book by the way. Anyway, he said, that even to this day, every morning, he writes down what it is that he wants for his business 5 times in a row, speaks it out loud 5 times and records himself saying it. He then sends that recording to his business partner, who is also his accountability partner and she does the same.
This is a great habit to get into. Pick an accountability partner. That, will help you stick to this new habit.
Be specific with what you want and write it down. Don’t write down “I want to make a lot of money with my network marketing business”. This maybe what you do actually want, but break it down, bit by bit and make a measurable amount of progress in a reasonable amount of time.
Breaking down specifically what it is that you want, will help you achieve your ultimate goal quicker.
Ask yourself the following questions for each of the time frames
30 days, 60 days, 90 days, 6 months, year 1, year 2, year 3, year 4, year 5 -
What rank would you like to achieve? -By the way… Once you have decided what that is, find out how many customers and team members it will take to get to each of those ranks. If you don’t know, no problem, most people who are just getting started don’t know. That is what your upline support team is for. Ask them to help you treat it down.
This will then help you identify how many people to reach out to on a daily, weekly basis to reach you goals.
How much money would you like to earn per month?
How much money would you like to save and/or invest?
How much debt will you be paying down?
What vacations will you be taking and to where?
Feel free to add in additional questions that fit the needs of your family, but answer them for the same timeline, even if the answer is 0. Chances are, you’re not going to go on a holiday at each of these time intervals, as an example.
Reward Yourself Along the Way
Building a successful network marketing business takes hard work and dedication—so don’t forget to reward yourself along the way! Set milestones throughout your journey and give yourself a pat on the back when you hit them. Celebrate small wins like signing up a new customer or getting positive feedback from an existing customer; these little wins add up over time! Plus rewarding yourself for meeting milestones gives you something extra to strive for as you continue working towards long-term success in network marketing, it also helps train your brain to want to do the right actives everyday.
Keep track of your daily and weekly activity along the way. This will not only allow you to keep on track and pin point what is working really well, but it will also help you identify what isn’t working, or what you’re having a difficult time with. You can then take that information to your upline support team for a fix and refine session to help ensure you stay on track and on target.
Building a successful network marketing business requires hard work and dedication—but it doesn’t have to be overwhelming or daunting! By breaking down long-term goals into smaller ones and tracking your progress along the way (measuring what gets accomplished), achieving success becomes much more manageable—and even enjoyable! So go ahead - set those short and long term goals, measure your progress every step of the way and reward yourself along the way - because after all is said and done - What Gets Measured Gets Accomplished! Good Luck!!