So you started your own business. That’s great!
There is interest in moving to quitting your full-time job and making this business your full-time gig. That’s great as well!
But there is a catch. Part-time network marketing companies are not for everybody. There is no ‘get rich quick’ scheme in this business, but there is a perception of it.
It is important to ask yourself the following questions before making this decision:
- Why did I start my own business in the first place?
- What are my monthly expenses?
- Does my business currently cover all of my expenses?
- Where do I see myself in 5 years?
The reason why these questions are so important to understand sooner rather than later is that many people switch to full-time out of necessity rather than for fun. This can be because they are currently unemployed, are having a difficult time finding a job they love or need money as soon as possible.
If you do not know the answers to all of these questions right now, that is okay. Keep reading nonetheless!
To get a good grasp of what may be right for you, here are 5 benefits to staying part-time, and 5 benefits to transitioning into full-time.
Benefits of Staying Part-Time
Part-time network marketing is classified as between 5 to 20 hours a week. If this is the amount of time you have currently set aside for your small business, then you are classified as a part-time worker.
1. Steadily Grow the Business
Many network marketing companies grow at a rapid speed and then have a very hard time keeping up with the demand. This can lead to unsatisfied consultants and consumers.
Don’t be one of the consultants that neglect to satisfy his/her downline. It is best to sponsor new consumers at a pace that you can manage respectfully.
This is one of the most common reasons people who transition to full-time end up cutting back. They miss the connections they get to make with those they sponsor because they have grown so much.
It is best to be consistent with your business and sponsor as many as you can manage each month. As you know, new sponsors are overwhelmed at first and it is important to give them the one on one time they need to feel comfortable with the business.
2. Healthy Work and Family Balance
When work gets so stressful that you cannot find time for your own family, there is a problem. Of course, this can happen in any job, not just an own-your-own-business kind of job.
With the flexibility of a part-time network marketing job, you can successfully maintain the business you need to pay your bills as well as spend time with your lovely family.
Your business is a priority. No matter how much you work this will always be the case. But to be successful you do not have to make it your number 1 priority.
3. Avoid Getting Burn Out
Getting burnt out makes finding new leads extremely difficult. Especially when you have to host events and be cheery all hours while working.
Your business should be fun! It should express you and what you love.
Don’t go from part-time network marketing to full-time if you are not enjoying the business. You will end up viewing it more as a burden.
Success is very hard to achieve when you are not having fun. There have been a lot of people who start out really strong for six months and then all of a sudden realize what their life has been so focused on and they get burnt out.
You shouldn’t expect 100% perfection at all times, but you want to be giving your all as much as you can. If that is working part-time, then do it!
4. Keep Learning
Are you in this industry to continue developing your people skills? Part-time network marketing has allowed hundreds of individuals the freedom to work at their own pace so that they can learn at a level best suited for them
It has also made it so that the people who do not have well-crafted business skills to work up to it. Without these skills, inviting, training, growing the team, and gaining customers will be very difficult.
Once you can master these skills, the business becomes a lot easier to maintain and grow.
5. Have Enough Money to Pay the Bills
If you are a part-time network marketing professional just to pay your bills, then part-time is absolutely the track for you.
This industry is rough at first, but once you get the hang of it, you can easily maintain what you need to support your bills and then have a life outside of the industry.
If you want to increase the amount of money you receive but do not have time to grow more customers, then you can switch to full-time as long as you know what you are in for.
Full-Time Network Marketing
If you have already mastered the game and believe you are ready to move from part-time network marketing to being a full-time network marketer, continue reading. Here are 5 benefits of working the business full-time.
1. Your Income is Up to You
Don’t you wish your income was really up to you? If you could decide how much you got paid for working your current full-time job (which you probably work 60+ hours at) then you would likely not be reading this article in the first place.
That is one of the beauties of this industry. You are told exactly what you need to do in order to be successful. All you need to do is follow your leaders.
The safety net that a lot of people like to have in their savings account before they start is about 12 months of expenses. This is essential to cover you if you have a rough start or need to use some of your personal money to get the ground moving
Neglecting to have a save before you start is a big mistake, especially if you want to stick to full-time.
2. The Connections You Will Make
Especially for stay-at-home moms who have a hard time making friends outside of the mommy and me groups, the business is all about making connections. What do you have in common with other women?
Moving your business to full-time allows you to give all of the people in your downline the one on one attention that you both need to succeed as well as the resources to become the best of friends.
Sticking to being a part-time network marketing professional may not give you enough time to truly get to know your consultants and work with their strengths to help them succeed in the industry.
3. Company Perks
If you are lucky enough to be with a company that has monthly incentives and company perks, then becoming full-time is a benefit to you.
Working your tail off one-month pushing hours and hours more than you ever could have worked full-time can earn you a new car, dream vacation, new investment opportunity, expensive hobby, and more!
Yet, many people work so hard that they forget to take some time for themselves. This can quickly lead to depression, anxiety, heart problems, you name it.
Having the ability to be given rewards for a job well done can be great for your home life and for your health.
4. You Can Replace Your Old Job
One of the most common reasons people reach out to network marketers in the first place is to get away from the job they are in currently. Whether it is the boss you work for, the company you work for, or the day to day tasks themselves, it can be tiring having to stick to the same job.
Replacing your old job with a full-time network marketing gig can be the difference between a happy home and a difficult life.
You don’t have to pass a test, send a resume, or prove you are worth the investment from an marketer. You have total control over your own success.
Is this something that you have been wanting for a while? If that is the case, full-time is definitely for you.
5. Consider Your Resources
Yes, having the extra money to be flexible can be viewed as a resource that is important to have when starting out.
But do you have the knowledge, skill, and experience level to move to full-time? If you already have all of this knowledge, then you will be successful transitioning to full-time.
A benefit to moving from part-time network marketing to full-time is that you are then in control of your job. Make sure you have the resources need to continue learning, growing, and helping your team be as successful as possible.
What’s Best For you?
As you analyze the positive features of both full-time and part-time, remember that your family life and overall happiness is far more important than the job you have. Do what will bring you the happiness you need
So, what have you decided? Are you going to be a part-time network marketing professional, or a full-time network marketing professional?
If you are interested in learning more about marketing strategies proved to be effective, check out this article.