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In this post I’ll be covering an extremely important topic. One that almost doomed my business to fail as I was getting my start in the industry.
This pertains to setting goals and concentrating your efforts on “high yield” activities to grow your business Now and for the long-term.
High Yield? Yeah, activities that yield the highest return on the time it takes to complete the task at hand.
When I was first getting started in marketing online I found that I wasted a lot of time. And when I say a lot, I mean A TON of time!
Checking emails, staying on the phone for hours on end, and doing research (without applying it) leads to low productivity and minimal results for your business.
You’ll have time for everything above, but it is important to set High Yield goals for the day, and… Do Them First.
Then, distribute the content to your list, facebook, twitter or other networks.
Many of the tasks above will bring you immediate results, such as clicks to your offer, establishing a relationship with your readers, gaining new subscribers etc, where others will play a part in getting you one step closer to your desired outcome… making more money.
You’ll notice that all the tasks above don’t come with time schedules or certain deadlines for completion. It is up to you to choose 1 High Yield Task for the day, and complete that first. Then, take a break, set the timer for 15 minutes and check your facebook or email (whatever floats your boat). When that 15 minutes passes… STOP! Then, move on to another high yield activity.
All too often we spend the majority of our time on low yield activities that are sometimes productive short term, but yield minimal results for the long term.
“Oh, I’ll just call back these few people THEN work on content for my site”. What I’ve all too often found is that those few calls leads to several dozen, and then… why not check your email why you’re at it? Before you know it, the day has past and nothing has been accomplished.
These low yield tasks can be deceiving at times as well. Oh, they’re sneaky! They can sure make you feel like you’re accomplishing something important while you’re getting back to all those emails, or while your researching a new marketing technique. But in the end… you still haven’t REALLY done anything to BUILD and GROW your business. You haven’t taken action on anything that will lead to: you earning a long-term income, new subscribers, or solidify yourself in the market place.
This is a whole lot easier than it sounds : )
Simply pick out 1 or 2 High Yield Activities and DO THEM FIRST.
I like to write out a few things that I want to accomplish for the next day just as I finish up work for the evening. I’ve found that this also, subconsciously, let’s me marinate on how the task will be completed and in doing so, the task gets accomplished much quicker.
Today, my list included:
Now that I’ve completed these tasks, I can do a few Low Yield activities to complete the day.
Once you get good at accomplishing those all-important 1 or 2 High Yield activities, you can stack another High Yield activity on to your list. You’ll find that with practice, completing 1 or 2 important tasks will lead to more productivity in your business and it will come easier as you move along. What took you an hour to complete 1 task before, may only take 15 minutes to complete as you get better.
Just be sure not to overdo yourself. Take short breaks when you need them, or in-between tasks. And never create huge “To-Do Lists” for the day… especially if they are unrealistic.
To start … Make a list of 1.
Accomplish that, and move on from there.
You’ll find that getting more important work done, leads to more important work. You see, important work recharges us and gives us a feeling of great self-accomplishment. And that’s rewarding!
Leave me your thoughts in the comments, and let’s fill the world with POWER.
Over the past couple years I have been traveling and attending some pretty inspiring events… to say the least.
It’s always absolutely amazing to see all the incredible success stories displayed on the big screens, and feel the energy in the room from the events attendees. Soon after the events come to a close, I realize that I was in a room of true Entrepreneurs who just flat out “Get It”.
You know, there’s this crazy little saying that 95% of people in this industry will fail. In actuality, this could not be further from the truth.
You see, it’s silly to compare someone who is looking at Network Marketing as a hobby, and with the mindset of, “I’ll give it a try and see what happens”. These are often people who jump into a program without skill, knowledge and experience and (sorry to be blunt here, but) will more than likely quit on themselves at the first sign of discomfort.
Now in contrast, let’s take a look at a professional. These people “Develop” and Maintain unwavering beliefs that They CAN and WILL succeed if they simply don’t quit. They devote themselves to personal and professional growth and development. They soak up knowledge, and training like a sponge and implement it into their business without question. They do this because they KNOW what the outcome will be when they simply educate themselves, and apply what they learn.
If we were to look at this statistic and apply it only to those who “Stuck With It”, The True Network Marketing Success Rate would then be closer to 95%, as opposed to 5%.
“The Only Way To Fail Is To Quit”
Most successful network marketers who reach the top of their pay plan (in a good network marketing company) will average with time, around $100,000 monthly… no joke.
So I have to ask, what other career opportunity do you know of that will reward their reps (the ones who are committed to working hard, and staying the course) with an unlimited income potential? Literally … No cap, whatsoever.
It is not uncommon to earn a six-figure income in less than 2 to 3 years and a multiple six-figure income in 5 to 10.
Heck, I’m proof of the above statement and work with other industry leaders who have gone on to earn tens of millions before they’ve reached their 30′s.
This path to Network Marketing Success will require you to stay head strong and focused on your goals by maintaining the belief that you will get there with effort, and consistency.
With that being said, I wanted to pass long this inspiring video that a teammate recently shared with me. I feel that it displays the struggles that some will go thru on their path to victory, yet with effort, eventually reach their goal.
What are your thoughts on the success rate of the industry? Can you relate to the video above? Leave your comment below and share your story.
Ethan, The Marketing Pro. 