Automatic Wealth Team Blog

Category ‘Time Management’

Time Efficiency in Network Marketing- Are You Spending Your Time or Investing?

July 28th, 2009 by Lainna Dobosz

No matter which way you slice it, there are only two things you can do with time.  You can spend it, or you can invest it.  If you spend your time on watching TV or playing video games, that time is lost forever.  But investing your time in income producing activities will prove to make you a fortune.

How much would you like to earn this year?  $60k?  $100k?  $250k?  Let’s assume you want to earn $250k in one year.  Figuring in a 2 week vacation, you have 50 weeks a year to make that happen.  By working a 40 hour week, your time is worth $125 an hour.  Think about this long and hard next time you spend your time on something that won’t pay you in the future.  Do you watch TV to unwind?  The average American watches 4 hours of TV each and every day!  That figure would go down significantly if people realized it was costing $500 per day.  Is this happening to you?  Are you investing your time or spending it?

The Network Marketing Hamster Wheel

Most network marketers have goals of quitting their day job and eventually working their business from home full time.  The promises of time freedom call to them and they work grueling hours to ensure one day they don’t have to report to a boss.  But when that day comes, there is a sad realization that their network marketing business has become a new ball and chain.  Training each team member, managing communication with the team, and travel to and from meetings quickly ad up to a full time gig.  So much for time freedom!

The majority of tasks occupying a network marketer is not income producing, at least initially.  Sure, it’s all part of building your team.  But marketing is really the foundation of building wealth.  It’s the only thing that will prove to put money into your pocket immediately.  

So next time you’re crunching numbers and setting goals, ask yourself how much your time would be worth if you were making the money you know you deserve.  Then get into the habit of behaving “as if”.  Do you really want to do this alone?  Or do you value your time enough to plug into a system so you can truly invest your time? 

How Our Team Helps

The Automatic Wealth Team frees you up to do those things that will make you money. Our weekly training calls, ongoing email communication, and online webinars eliminate your need to spend worthless hours spinning your wheels. We train you AND your team how to do the one thing that will build your business. Market. That’s it. We handle the rest.

 

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mindset and cutting edge marketing"