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As we start a new month, I see nothing more important than to prepare your MLM business plan.
There are 2 kinds of people in MLM: The MLM professionals that have a plan, and the MLM Dreamers. Everybody knows that MLM professionals are making big checks, so will it be Ok if I show you how to write a professional MLM Business plan?
Why you need a MLM Business plan?
Bottom line is that a good plan will definitively give you better chances of success and improve your performance, because:
- You will have your goals clear in your mind, so you know what should be your results at the end of the month.
- It will improve your time management by keeping you focused on your most important task.
- You can keep track of your progress by comparing your activities to your plan.
Start your MLM business Plan with your vision for the next month
What do you want to accomplish in the next month? Don’t be afraid to dream. You usually can do more than what you imagine.
When building your vision it is important that you take in mind other areas of your life, not only your business. for example, you can say “this month I want to spent more time with the kids“ or “I want to lose weight“.
Decide whether you will be doing online marketing, offline marketing or both (I do both like most of the top income earners that I know).
Visualize yourself doing it, and see how it feels. Does it feel good?
You should feel really empowered by your vision. If no, just go back and create a new vision. Maybe your upline tells you to do something that doesn’t align if your feelings… well, remember that he is not your boss; He may have some more experience and/or success than you but …..
Next step is to set your goals.
Setting goals on your MLM Business Plan.
Here is where you start to define exactly what you going to achieve.
Use the S.M.A.R.T model to define your goals (keeping them Specific, Measurable, Attainable, Relevant, Time sensitive).
A few examples can be (actually these are some of my goals :<))) :
- Generate XX leads till the end of the month
- Sponsor XX new reps this week
- Achieve Alexa rank of 400K in the next 2 weeks and so on ……
Like I said, it is important that your monthly plan include also goals for other important areas of your life:
- Pray and meditate 1 hour every week (spiritual goal)
- Run 4.5 Km or more, 5 times a week (physical goals)
- Watch all the NES2 DVDs and learn new techniques (personal development)
How to build your MLM Business Plan?
The first aspect to consider when building your plan is the amount of hours that you can really commit to it.
I know some full-time people that say they do MLM all the time and are getting no results… Well, calling 10 time the same prospect or spent 6 hours on Facebook is not the way to do this business full time.
10-15 hours of focused work should produce a great result
Second you need to define your marketing strategies: Are you going to be doing online or offline marketing?How you gonna generate your leaders ?
If you don’t know how to generate 20-30 leads a day, check this training
Now that you know your time schedule & your marketing strategies, it is time for you to fill the blanks. Start with your most important tasks; Most of your working time should be invested in rain making activities, e.g. prospecting, prospecting and prospecting.
After you finished making it, it is time for your MLM business Plan review
Your MLM Business Plan reviews
There is one last step before you start. Find a good mentor (maybe your upline) and make a MLM Business Plan review. A good experienced mentor can find some flaws that you can’t see.
In many cases, some changes can generate amazing results.
You will be working with your mentor and reviewing your plan during the month, but know you are ready to rock. Like on the Nike commercial: JUST DO IT!
And before you go , don’t forget to share this post with your team/friends cause everybody wants to know how to prepare a good MLM Business Plan. So don’t be selfish, just click the share buttons below..
To your Success!
PS: I really want to know your ideas on how to prepare a good MLM business plan, so please share then on the comments below
Hello Hezi, People are well advised to take your advice. Make a business plan and stick to it until the end of the month. Next month, refine and fix. You’re exactly correct that a plan will separate the professionals from dreamers. Perfect timing for your post!
I agree with what you saying Hezi, it’s even more important for network marketers involved in home business to also put a business plan together. Much of the traditional type businesses have to make one before submitting their business to their state or county but for us home business owners it’s even more important to have a plan in place to know what we are marketing and how we are going to market it to the public. How much income residual is coming into the business as well as advertising and marketing budget.
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