Tuesday, January 18, 2011

Network Marketing for Beginners - The 3 Rs

You may have heard about the 3 Rs of Education - Reading, 'Riting and 'Rithmetic.

There are 3 Rs in network marketing too, and this time, you don't need to mis-spell to make the mnemonic fit.

The 3 Rs are Reflect, Revise and Refocus.


This should be done at the beginning of every action plan, whether you plan out 7, 28 or 90 days of activity at a time. It should also be done if your tracking shows that you're in danger of missing your targets.

Is what I'm doing effective? - Am I getting in touch with enough prospects? Is my retail turnover sufficient to support my goals? Is my customer service excellent? How many hours am I spending to achieve my results? Are my family threatening to change the locks if I don't spend more time with them? Whose advice should I follow?

Could I be doing it better, or differently? - What can I do to improve the situation? Would more customers help? How can I generate more leads? Where are my constraints - money, time, or both? What can I set aside in my life to help with building my business?

What are my options? - List the options available for the situation you wish to reflect on. This is the time to brainstorm, regardless of whether you choose any of the options or not. Options can include time management techniques, asking for referrals from customers or prospects, rearranging your personal or business budget, etc.


Go over your existing plans, tracker sheets and targets. If you haven't got any, create them! Ask yourself the following questions to identify the changes you need to implement:

What do I need to change to improve my results?
How will I implement the changes?
Over what timescale?

Produce new plans, tracking and targets to enable you to take action.


Now that you've taken time out of your busy schedule to improve how you operate your business, ask yourself the following:

Why am I doing this?
What are my goals?
What are my targets?

Write the answers down and keep them somewhere where you can refer to them regularly. Better still, commit the answers to memory.

Once you've done this exercise, put it into practice straight away and track your new results. Never rest on your laurels - you should aim to improve with every iteration of your plan.

No comments: