How to Start Your Network Marketing Business the Right Way

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So you’re ready to start network marketing, or earning extra income part time, but aren’t exactly sure where to begin. I feel that taking the time to start your business the right way is one of the most important things you can do and will lead to success.

When you start your business the right way, you are laying a foundation for success. Setting goals, creating systems and having a plan are all vital components of starting a network marketing business. Here’s how to get started.

Know Your “Why”

Before you do anything else, know what your “why” is. What I mean by this is that you need to know what motivates you, why you want to earn residual income and what makes you tick. When you know this, you can play to your strengths, creating a business and strategy that will excel.

Chances are that one of the reasons you want to start network marketing is to earn passive income or earn extra money on the side. But, dig a little deeper and discover other motivating factors. For example, maybe you want to make money while you travel, have more time to spend with family or live your dream lifestyle. 

Choose Something You are Passionate About

You’ve heard the common piece of advice that you should “do what you love,” and it’s absolutely true. Doing what you love means that you will be more driven, more motivated and more successful. There are all kinds of ways to turn your passion into a business, and the key is finding the path that will make it happen for you.

Network marketing is a great option for people who are good communicators, able to work on teams and are goal-oriented. But, take things a step further and find a network marketing opportunity that allows you to work in a field that interests you.

I love real estate, and have successfully turned that into a passive income stream. You can do the same with your interests, whether they are real estate, fashion, sales or business.

Create a Plan and then Follow Through

The most successful businesses are guided by strategic plans. If you start network marketing without having a plan in place, you will flounder around, trying different approaches, and never really find true success.

But, when you start with a plan that is designed to make your business grow, help you find opportunities and create residual income, you will be successful. Creating a business plan is a matter of laying out exactly what you need to do to make your business work.

As a business coach in Ottawa, I help businesses do just that. I work with people to help them find ways to turn their passions into businesses that start earning money right away. I find that the businesses that have sound plans from day one are much more stable and lucrative.

Set Realistic Goals that will Lead to Success

Another thing you need to do before you start a network marketing business is set realistic goals. But, don’t just set arbitrary goals; set goals that will lead to success. For example, if you know you need to earn a set amount of income each month, your goals should outline the steps you need to take to make, and even exceed, that income.

When you set goals, you know exactly what you are striving for. You know what needs to be accomplished for your business to thrive, which will increase the likelihood that you will succeed.

Goals can also be very motivating. When you drift along without anything to work toward, your productivity and enthusiasm will decrease, meaning you won’t reach your fullest potential as a network marketer.

Taking the time to make sure you are starting your network marketing business the right way is absolutely essential if you want to be successful. Businesses that have a clear vision and that are started on a strong foundation are more likely to do well and bring a bigger profit.

If you would like to participate in personal coaching sessions that will help you start your network marketing business, contact me.

What about you? What steps did you take to start your network marketing business?

About the author 

Deborah MacDonald

After almost 25 years as an entrepreneur, I continue to grow my business, my passive income streams and my wealth. And now I mentor others on their wealth journeys by teaching them how to fund their own freedom lifestyle.

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