Network marketing provides the benefits of leveraging time to create residual income. We are all born with only so many hours in a day. Those that can manage to multiply the output of their hours enjoy freedom. It's not necessarily about working longer or harder,it's about working smarter.
One of the most common objections is people are so busy they can't add anymore to their schedule. If you took a few minutes to analyze where your day goes it will amaze you.
When you break it all down we have 365 days in a year 24 hours in a day 1,440 minutes in day & 86,400 seconds in a day. If we can learn how to leverage our time better,in other words produce more with our time we will have more freedom to do things we want.
The easiest way to understand this is to relate it to cause and effect. What this means is cause is what you create through your efforts and the benefits are the effect. The benefits are greatly enhanced in network marketing.
As an entrepreneur, networking is a key activity that is not only stimulating, but essential to your personal growth and business development.
Small business is all about networking, building relationships and taking action.
Building a successful business takes a lot of time and drive, so it’s good to have a network of friends and associates to draw energy from and keep you going. By surrounding yourself with people who share a similar drive and ambition, you are more likely to move forward as a group.
But that’s not the only benefit of networking. In fact that’s only the beginning.
1. Shared Knowledge
Networking is great for sharing ideas and knowledge. Whether it’s asking for feedback or discussing your point of view, it will help you expand your knowledge and allow you to see things from another perspective.
It is also likely that within a group there will be those who have already been where you are today. This provides you with an opportunity to learn and avoid some of the common pitfalls they experienced.
It’s natural that networking will result in opportunities. The thing you will not know is when or how they will materialize.Don't force it though on a new contact. It will make you look desperate and make them feel uncomfortable. It is best for the opportunity to happen organically. When you are networking, there is already an inference that you are all there to get business.
Remember you are not just gaining exposure to the people in the room, you are building connections with their network too. If someone they know has a need that matches your business, if you have made an impression, you will likely get a referral.
And remember it’s not just a one-way street. If someone in your network matches a business you encounter at an event, don’t hesitate to share their details. It will only strengthen your relationship.
4. Increased confidence
By regularly networking, and pushing yourself to talk to people you don’t know, it will help increase your self esteem. This is an important attribute as a business owner, because your business growth is dependent on talking to people and making connections.
5. Raising your profile
Being visible and getting noticed is a big benefit of networking. By regularly attending business and social events, people will begin to recognize you. This can you help to build your reputation as a knowledgeable, reliable and supportive person by offering useful information or tips to people who need it. You are also more likely to get more leads and referrals as you will be the one that pops into their head when they need what you offer.
When you are in business for yourself, your motivation has to come from within. if you are not a self starter then you will probably fail. Networking increase your sphere of influence. These are contacts you have met in person,which is invaluable. Anytime someone can match a name to a face it enhances that business relationship.
Referrals are the best leads you can receive. Someone who has been recommended by someone you both know, is worth its weight in gold.
Therefore if you procrastinate about not having the time to network. You need to ask yourself, How can I afford not to?