JamaLife Helpers Global: The 3 ‘Ms’ of Network Marketing

The 3 ‘Ms’ of Network Marketing

The 3 ‘Ms’ of Network Marketing

M - Motivation

M - Mentorship

M - Money

These 'three' are the key factors that positively influence network marketing.

To succeed in network marketing, you must have a combination of these 3 factors.

Motivation is the experience of desire or aversion (you want something, or want to avoid or escape something). As such, motivation has both an objective aspect (a goal or thing you aspire to) – and an internal or subjective aspect (it is you that wants the thing or want it to go away).

There are three types of motivation based on rewards and reinforcers. Now, let’s take a look at the basic (important two-types)

1.) Extrinsic

We are motivated by money, praise, awards, recognition, and benefits.

2.) Intrinsic

This type of motivation relies on a person's internal values and the reward of feeling good to achieve a positive reaction.

3.) Addiction

Here are a few steps to motivate people in your team or group:

· Tell people exactly what you want them to do.

· Limit the amount of time or effort that you're asking for.

· Share in the sacrifice.

· Appeal to their emotions.

· Give people multiple reasons for doing what you want them to do.

· Be the change you want to inspire.

· Tell a story.

Mentorship is a relationship in which a more experienced or more knowledgeable person helps to guide a less experienced or less knowledgeable person.

Mentorship and sponsorship are key drivers of success.

Be the best mentor/mentee you can be, and remember, like all good relationships, mentorship is a two-way street.

What is the purpose of mentorship?

A mentor may share with a mentee (or protege) information about his or her own career path, as well as provide guidance, motivation, emotional support, and role modeling. A mentor may help with exploring careers, setting goals, developing contacts, and identifying resources.

Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy.

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular sovereign country, state or region.

Money is something generally accepted as a medium of exchange, a measure of value, or a means of payment.

Money is coin or bank note that you use to buy things, or the sum that you have in your wallet or purse.

What are the 4 types of money?

The four most relevant types of money are commodity money, fiat money, fiduciary money, and commercial bank money.

We all know what money is… economists, however, have a language of their own when it comes to money. They define it as something that serves as a medium of exchange, a unit of accounting, and a store of value.

Money is a medium of exchange in the sense that we all agree to accept it in making transactions.

Now, you know the three 'Ms’ of network marketing!