Financial Independence for Single Parents: Network Marketing FAQs Answered - Episode #33

how can i get customers and distributors how much money can i really make most common questions what skills do i need to have May 11, 2023

How To Achieve Financial Independence Through Network Marketing for Single Parents: 10 Common questions asked and answered

10 common questions that get asked when learning how to start a network marketing business. 

  1.  How can I balance the demands of my family and my network marketing business?
  2.  What skills do I need to develop to succeed in network marketing?
  3.  How can I build a strong network of customers and distributors?
  4.  What products or services should I focus on selling?
  5.  How much time should I dedicate to my network marketing business each week?
  6.  What are the most effective marketing strategies for network marketing?
  7.  How can I avoid scams and choose a reputable network marketing company?
  8.  How much money can I realistically expect to earn from my network marketing business?
  9.  What are the common pitfalls and challenges faced by single parents in network marketing?
  10.  How can I stay motivated and overcome obstacles in my network marketing journey?

 

 

  1.  How can I balance the demands of my family and my network marketing business?

Balancing the demands of family and business can be challenging, but it's important to establish a schedule that works for you and your family. This may involve setting aside specific times of the day for work, prioritizing tasks based on importance, and outsourcing tasks when possible. For example, you could set aside two hours each day to focus on your network marketing business while your children are at school, and then spend the rest of the day with your family.

  1.  What skills do I need to develop to succeed in network marketing?

To succeed in network marketing, it's important to develop skills such as effective communication, sales, and leadership. The great thing about Network Marketing, is you will Earn while you Learn. You will be learning everyday from your support team. If they are successful, then all you have to do, is copy what they are doing and you will be successful too.

Get to know the tools that you have access to. Rely on the tools versus you’re knowledge about the products, compensation plan, company, etc. Keep everything you do, duplicatable.

  1.  How can I build a strong network of customers and distributors?

Building a strong network of customers and distributors involves developing relationships with others and providing them with value. This may involve reaching out to your personal network, attending events, and leveraging social media platforms. For example, you could start by reaching out to friends and family members and ask them if they are open to taking a look at your new product / service you. The worse case scenario, they say no 🤷🏻‍♀️. Our job as distributors is, expose, expose, expose. Our job is NOT convince, convince, convince.

Stay consistent with asking “are you open to taking a look…” everyday!

  1.  What products or services should I focus on selling?

The products or services you choose to focus on selling will depend on your interests and the needs of your target market. It's important to choose products or services that you believe in and that offer value to your customers. For example, if you're passionate about health and wellness, you could focus on selling products related to nutrition and fitness.

When you’re passionate about the products or services, it will make building your business a lot more fun and it will build faster, because people will be able to feel your passion.

  1.  How much time should I dedicate to my network marketing business each week?

The amount of time you dedicate to your network marketing business will depend on your goals and availability. It's important to set realistic expectations and to prioritize your time effectively. For example, you could aim to spend 10-15 hours per week on your business while still dedicating time to your family and other commitments.

Get together with your upline support team. Tell them what your financial goals are and by when. They will then be able to give you an estimate as to how much time you should dedicate to your business.

As an example: if you’d like to earn $10,000 per month and you want to reach that amount within your first 90 days, you are not going to get there if you can only work 2 hours per week.

  1.  What are the most effective marketing strategies for network marketing?

Effective marketing strategies for network marketing may include social media marketing, content marketing, email marketing, texting, dm’s, calling or zooms, events, word of mouth marketing and warm marketing. It's important to choose strategies that are cost-effective and that reach your target market. For example, you could create content such as blog posts or videos that highlight the benefits of your products or services and share them on social media platforms.

NOTE: Do NOT share the name of the product or company in your videos or posts. You can share people’s results as well as your own, but the idea is to create curiosity so someone reading your content will want to reach out to you to find out what it is you’re marketing.

  1.  How can I avoid scams and choose a reputable network marketing company?

To avoid scams and choose a reputable network marketing company, it's important to do your research and ask questions. Look for companies that have a proven track record and that are transparent about their business practices. For example, you could ask for references from other distributors or research the company's history and financial stability.

For a more in-depth list of questions and items to look for, listen to my podcast, Single Parent SuperPower episode #1. It’s the very first episode I ever did, because this is where we have to start - we have to choose the right company for us.

  1.  How much money can I realistically expect to earn from my network marketing business?

The amount of money you can earn from your network marketing business will depend on your efforts and the compensation plan of your company. It's important to set realistic expectations and to focus on building a sustainable business over time. For example, you could aim to earn an extra $500 per month to start and then gradually increase your earnings over time. 

This is a business where there isn’t a ceiling on your income. The sky really is the limit, but it is based upon your efforts. This is not a get rich quick deal, this is a get rich eventually (way better than never). The key is consistency!

  1.  What are the common pitfalls and challenges faced by single parents in network marketing?

Common challenges faced by single parents in network marketing may include managing time effectively, dealing with rejection, and balancing work and family responsibilities. It's important to have a support system in place to help you overcome these challenges. For example, you could join a network marketing group for single parents or seek the advice of a mentor who has experience balancing network marketing and parenting.

Rely on your support team for guidance. Leverage them as well are the tools.

You are not a one man band. Set your schedule every Sunday night for the upcoming week and stick to that schedule (with the exception of unexpected things that pop up - sick child, etc)

  1.  How can I stay motivated and overcome obstacles in my network marketing journey?

To stay motivated and overcome obstacles in your network marketing journey, it's important to focus on your goals and the benefits of your products or services. It can also be helpful to track your progress and celebrate small wins along the way. For example, you could set a goal to enroll a certain number of new distributors and new customers each month. Track your progress. Celebrate each new distributor and each new customer as a small win and use that momentum to motivate yourself to continue working towards your larger goals.

 

Always keep in mind why you’re doing this. Not everyday is going to be easy. You have to keep your driving force in the forefront of your mind. That will help propel you when you have those days where nothing seems to go right and your biggest leader just quit.

Those things happen, and that’s okay.

Just keep moving forward and don’t compare yourself to others…EVER!

If you are a Single Parent, who wants to build a Network Marketing Business, but you're feeling overwhelmed, confused and frustrated? Then the SPSP Community is for you! You will become clear, focused and successful! Ready to be Supported, Encouraged, and Empowered?

Check out My SPSP Community

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