Are You Throwing Your Money and Time Out the Window?
Posted by admin in Uncategorized, network marketing, success tips on 03-02-2009
In the network marketing industry, actually the whole internet marketing industry, you can get overwhelmed by the sheer number of information products for sale. Products to help you in SEO, copywriting, making money online, developing a marketing system- you name it you can find it.
And while it is certain that there is a lot of information that can be gathered for free, eventually you are going to have to break out the wallet to purchase a more in depth guide to what you are looking for. Most smart marketers are going to give you just enough free information to show you that 1) they know what they are talking about and 2) that you are missing out by not having their information.
But are you throwing your money and time out the window?
PotPieGirl wrote a really interesting post today titled Make Money Doing Nothing in which she talked about the 80/20 rule (or what she says is the 95/5 rule in internet marketing) and how she is not afraid to sell her secrets because she know that for every 100 people that buy her course only 20 will take action and of those 20 only 4 will really make a success out of it.
Kind of sad isn’t it?
Lets say for every product you buy you spend an average of $40 dollars. You then take the next 4 hours to go through the information, and then 10 hours trying to put it into action before giving up. In doing so you spend another $10 on either hosting, domain names etc. You buy at least one of these products a month.
Over the course of a year that is $600 that you are spending and 168 hours (about a month of work at a typical job). Only to end up at the same place you started at.
So what can you do to change this?
1)Don’t fall for the hype.
There is always going to be the next best thing, the magic “pill” that people are looking for that is going to earn you millions by tomorrow. Yeah, right. If it sounds too good to be true it, it is. Nothing is going to turn you into an overnight success story except hard work, becoming knowledgeable about your subject, and perseverance.
Whenever you hear of the network marketing big wigs that came to a company and made $20,000 thier first month, 9 times out of 10 they have already learned the ropes and figured out the way the game is played in another network marketing company. Every once in a while you have an exception to the rule but for the most part it takes some time and a whole lot of effort.
So if you see a product that you think you really need and that will assist you greatly- bookmark it. If you are still thinking about it a week later then buy it.
2) Read, Review, and then Read again.
Really learn what you purchase. The first time you listen to something or read something you are going to retain about 7% percent of the information. That is miniscule when you take a look at the whole picture. Out of 100 words- only 7. So imagine if you only went through the information once. You would lose 93% of what is being taught to you.
Read the information. If you have a hard copy then highlight, write in the margins, underline- anything you need to do to make sure the important things are front and center. Then go back and look at the stuff you thought was important and review it. Then read again. You will be amazed at the stuff you missed.
If you want to really get fun put yourself to a test. Read and take notes on a separate paper. Then go back a week later and do the same thing. Compare the notes- they will not be the same.
3) Make an Action Plan.
Now that you have learned a whole new set of skills it is time make a plan of how you are going to implement them in your network marketing business. This is where most people start throwing away their money. They have learned so much and they think that things will magically start to implement themselves in their business- and all at one time.
Imagine beginning a blog on day one and thinking that you are going to set up the blog, add your theme, plugins and widgets, write ten posts, build inbound, outgoing and interlinks, market, generate traffic, monetize, and advertise all in one day. You would get overwhelmed and most likely throw your hands up and walk away.
The secret is to slowly introduce each new point into your business over a period of time. In your action plan rank the skills that you learned in order of importance. Then after they are ranked figure out the best way to implement and change from what you are currently doing to what you want to do. Once you have each skill mastered then move on to the next. But remember, it is not about perfection but about knowing you are completely comfortable with that skill.
4) Don’t give up.
Probably the most important step. Remember things don’t happen overnight. While you definitely don’t want to beat a dead horse if something isn’t working, you have to make sure to give it the time it needs to work. 90 days seems to be a good middle ground as it gives you time to set something up, get comfortable with it, and see if it is working without letting it go too far.
This is what is going to separate you from the rest of the pack. Do you have what it takes to push forward or are you going to throw the towel in the second the going gets tough?
In a nutshell.
Overall, you have to really sit down and examine what you are doing with the products that you buy.
Are you using them to the fullest that you can? If not why? Why do you continue to buy them, continue to waste your money and your time? Continue to wonder why your network marketing business has not progressed the way that you want it to?
Make this month the month you are going to:
- buy a product for the product and not for the hype
- read it, review it and read it
- make an action plan
- not give up.
It will be your best month ever.







