Mistakes in Network Marketing: Living Beyond your Means
One of the bigger mistakes in network marketing I made can also be argued as a positive. When I first got started in this business I set some pretty crazy goals. My cockiness and the goals together made me think that I was earning more than I was. It also made me believe that I was going to make this money very very soon. The first mistake started in Luxembourg when I was living with Marie in my father’s basement after moving back from Australia. In my first professional basketball negotiation, I could have easily have asked for free living and they would have given me an apartment. I did not need that as I was going to make tons of money with my business, is what I thought. Little did I realize that accommodation in Luxembourg is one of the most expensive things ever. We ended up living in a place that was way bigger than what we needed and it was located as centrally as possible. A typical case of living beyond your means... The stress of having to deal with living a life where expenses are higher than your incomings is never fun. This damaged my energy on a daily basis which also made it difficult to build a team. If you can find a way to always have a full time or a part-time job on the side until you are doing extremely well in your business then you will have the right energy. I keep seeing a lot of people go full time almost too early. Stay part time as you are often way more productive that way. A few years pass by and I am now in a position where my business is doing better and going in a good direction but I make the same mistake again. Now I am living in London and decide to rent a flat with my great business partner Dr. Terry in Holborn. It was out of my price range but I was so sure we would make tons of money so I could afford it. It was a run down disgusting place but it was also the headquarters of our business. It was also out of my budget. I was living beyond my means again.
I did have quite a lot of stress the following years as I kept having months where outgoings were greater than incomings. That stress definitely made me more desperate and focused on the wrong people to bring in to the business. If you have a choice to create a life where you are not so stressed you can then go after the big dogs and be able to grow your business in a much better way. I went on to get apartments or a house that was out of my budget three more times. Some idiots just do not learn. Yes, the ending to the story is a happy one. However, I do strongly believe if I would have had a part-time job and another source of income I would have been successful faster as I would have been focusing on the right activities instead. I never have regrets over anything but I do know you can learn from this story. We are all different. Some thrive under the pressure I put on myself but I did not. So find the right balance for you. Usually, that means to have a financial situation that does not cause too much stress on your life. A little yes, but not so you feel ill.
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AUTHOR: Daniel Norell
Daniel Norell teaches people how to make money with Instagram and Facebook. He teaches ways in which you can grow your following by 50-250 followers per day and then monetize your following. If you love to have fun and work with like-minded people, then talk to this chatbot: http://tinyurl.com/DanielBot or have a browse around the website: www.thenorells.com.