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Residual Income

5 Reasons Why Influencers Don't Make Enough Money

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5 Reasons Why Influencers Don't Make Enough Money

Today begins my Interview Series with successful female entrepreneurs in the online space! And I’m so excited to introduce my friend and colleague, Cayla Daniels.

Cayla has been working in online business for more than a year and a half. She started as a fitness professional, then grew her business as a business coach + consultant, and now we’re partnered together as Influencers in Network Marketing.

Cayla is especially passionate about helping women find confidence by growing their leadership skills to build profitable, successful businesses.

Today we’re talking about a touchy subject, but we know you need to hear this - we know it needs to be said.

We're here to let you in on the secrets.

You might see people online with huge social media followings and think, "They must be ROLLIN' in it."

But the truth is: Sometimes they're just not. We've both seen this firsthand in the online business world.

Today we're giving you a different perspective so you can determine whether your business or partnership is actually worth your time and energy (and if there’s a better strategy!).

We’re sharing the reasons why people aren't making money with mlms and online business (plus we’ll give you some tips for how to change that!):

#1. You lack sales skills.

Your business will LIVE or DIE on sales.

You need to bring in revenue, because more revenue means more opportunities. More revenue means you have the resources to hire a support team or jump into a new course.

Especially for women, this topic can make us feel uncomfortable.

You probably started your business to help people, but without using your work time to provide an adequate income for your family, you’re probably just wasting your time. (YES, I just said that.)

It's important to invest in your sales education: You have to learn how to have successful sales calls on the phone, you have to learn how to write sales emails that convert readers to customers, and you have to learn how to post to social media in ways that attract and convert your ICA.

You have to learn how to properly communicate with your customers, to speak to their pain points and offer the best solutions, simply to stay in business.

And it's an art form: Sales is simply providing solutions + service.

Your audience wants to know "what's in it for me?" and your job is to explain that in ways that speak directly to your ICA.

TIP: Change your mindset - sales are not bad.

 

#2. You're in a partnership with a poor compensation plan (or you're not paying yourself well inside your own business).

If you're not being paid well to promote your product or service, it's harder to show up.

Even Big Names with huge social media followings sometimes struggle to monetize their popularity, because they're not being compensated well enough to make the sale.

REALITY CHECK: Are you being paid for the time and energy you put into your business or partnership?

Sometimes we get into relationships with network marketing companies only because we love the products. But does that matter if, at the end of the day, you're not being paid for your work?

You need both: You need to partner with a product you love AND you need to be compensated well.

You need to love your business and you need to earn your worth. This will change YOUR life and the lives of people on your TEAM.

If you're the "helping" type (as so many women are), you want to provide for your family and give back to your community - but you can't do that if you're not being paid for your work.

Think about the long-term: How will this business or partnership support you and your family down the road?

TIP: You want to partner with a company or build your own company that will pay you residual income (meaning, income every time someone buys your product, not just one time and not just when you book new clients).

 

#3. You're not in the right market at the right time.

With new mlms especially, the first 3-5 years are the ground-level/foundation phase, but then the company shoots into an acceleration phase for 7-10 years - before plateauing.

If you're with a company that's been around for 15-30 years, you're going to have a really hard time standing out among the pools of other sellers in the same industry.

That's wrong timing is the marketplace.

With my first network marketing partnership, I was in a pool of more than 400,000 other sellers, plus I had a small following. This time I'm partnered with a new company that currently has less than 120,000 people selling (with about 10,000 making $500+ per month), meaning I have the ability to be one of the first to succeed.

The potential for success right now is HUGE.

TIP: If you can be a leader or a founding member with an mlm, you can set yourself up for huge success.

 

#4. You're unwilling to invest in yourself or your business growth.

If you're not willing to invest a few hundred dollars into your own education and professional growth, it's unlikely that anyone else (future clients and customers) will be willing to invest in your products or services.

People aren't really buying your product or service, they're buying a certain experience with you.

They're not purchasing because you've listed all the product facts, they're purchasing because they feel a certain way when you talk about the product.

If YOU don't see yourself as an investment, how will THEY see you as an investment?

Find ways to invest in yourself: Join a monthly mastermind, purchase a business course, hire a business mentor, or jump into a network marketing team + community.

TIP: Believe that your investment will come back to you tenfold (don't fear spending money because you think you're not worth it).

 

“You can't run your business with a closed fist - you have to open your palm to both GIVE + RECEIVE.”

 

#5. You're afraid.

"What will people think? What if I fail?"

These thoughts can feel huge, and as soon as they come up, we look for reasons they're true (even though they rarely are).

You have ONE LIFE. The time you have today is PRECIOUS.

And you can choose to make a change in your life and the way you spend your time - but nothing will change unless you do something differently.

Change comes on the other side of fear.

And on the other side, you'll start to think, "What was I so afraid of anyway? Why did I care so much about what everyone else thought?"

You can't impact your community if you live inside the fear of what people think or whether you'll fail.

TIP: Your energy shifts when you move from FEAR to ACTION, and that's when big changes start to move your forward.

 

So, what to do next?

Here’s your Action Plan:

First, consider which change you need to make right now.

 

Do you need more sales training?

Do you need to find a partnership with a better compensation plan?

Do you need to completely pivot your business?

Do you need to invest in your biz growth?

Do you need to step outside your fear and take a different action?

 

If you're looking for all of these things in one place, JOIN US! Reach out to Cayla. She gets it, she's been there, and she can personally mentor you with a step-by-step blueprint for how to get ALL of these things, asap.

 

We have the product.

We have the training.

We have the Marketing Strategy.

We have the mentorship.

We have the community.

 

We have every step you need to take to get what you want. You can change your financial reality, in little or big ways, and you can do it RIGHT NOW.

And you can make a huge difference, for yourself, your family, your community.

So, TELL ME: What steps do you need to take to jump outside your fear and run toward your dreams?

 

xo

Jasmin Niemiec


P.S. I encourage you to reach out to Cayla Daniels if you’re wanting and needing more support (or if you’re ready to DIVE IN!). She’s an incredible mentor for women in business.

 

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