Welcome to DAY 15 of 29 Days of the Young Living Business Series. Each day in February, I'll post a business tip to help you get started sharing these amazing products and growing your business.
DAY 15: GOALS & AVERAGE EARNINGS
I know the comp plan is a little confusing, so we may revisit it before the end of this series. But today we’re going to talk about GOALS and average rank earnings. You may be wondering what kind of income you can expect to earn from a network marketing career, so we're going to talk about it today.
My first question for you is this, “What would it cost you to pursue your life’s passion?” How much would you need to live where you want, to do what you love? Most people don’t even think about their life’s passion. They just think “If I get a job and make money now, I can do what I want later...” Often times, people never end up doing what they truly love, they just keep working that JOB.
BUILD YOUR DREAM NOW, then find the vehicle to get you there. So we all know our WHY right? Everyone’s is different. But it’s the driving force behind what we are doing RIGHT NOW. Are you doing everything you can to reach your dreams? And we’re talking BIG, LIFE-FULFILLING dreams.
Let’s take a look at what the average rank earns. This is from Young Living's 2013 Income Disclosure Statement, but if YL had an updated one I can guarantee averages would be HIGHER because YL has had EXPLOSIVE growth over the past few years:
A pretty easy PLAN/GOAL would be to achieve one RANK per year. That sounds extremely doable, considering a lot of people who have achieved the ranks of diamond+ have done so in less than 3 years. So let’s just say it takes 9 years for you to achieve the rank of diamond.
Now let me ask you this, “If you could make $100,000+ A MONTH, would you WORK HARD for 9 years?” Would you work hard for just 5 years to earn $6500+ a MONTH at the rank of GOLD? Yea… me too. Remember this is RESIDUAL INCOME. The income doesn’t stop coming when you stop working. You’ll STILL get paid if you want to take that month-long vacation with your family. Or if you want to take the summer off to road trip across the country or backpack through Europe – you’ll STILL get paid.
Now is the time to write down your GOALS. You should have a goal right now to AT LEAST achieve the rank of SILVER. Silver is a solid monthly income. Star and Senior Star will get your products paid for, Executive you’re starting to earn some extra cash (that you should put back into your biz), and Silver – you’re earning an income. Some of you could quit your day job if you want to.
There's a good quote from Jim Rohn "I'm working full-time on my job, and part-time on my fortune." Because most of us start out at this business part-time, less than 10 hours a week. But in the end - this business reaps the most rewards - it ends up being our FORTUNE.
The first few ranks are the HARDEST – DON’T GIVE UP. It will feel, at times, like you’re pushing a rock uphill. You put a lot of time and effort into your business and it grows slowly but surely. THAT’S OKAY – it’s normal. Eventually, with duplication, you’ll find that your team is starting to grow with you, your leaders are taking initiative and teaching their own classes, and you’re growing steadily with less effort. By the time you reach diamond, you’re coasting downhill… you could do nothing and your check will continue to climb. This is my goal. I want that $100K+ a month while I’m free to do whatever I want, anywhere in the world. That is time freedom, that is financial freedom – and we’re ALL working towards it together.
Write down your goals. What’s the NEXT rank you want to achieve? What do you need to do to get there?
25 year old entrepreneur, veggie, essential oil enthusiast, wellness stylist, graphic designer/marketing pro who is enthralled by adventure and opportunity.