“Why Network Marketers Fail in this Industry”
March 19, 2009 by admin
Filed under Featured Article
Would you agree that you “Joined ” your MLM business because of the energy that you received from the presenter? I know that I did!
Now, once you signed up with the company you lost that “Fire” after the 48 hours window where you should have made a “list” and call everyone on it. You lost your momentum because not everyone who you approached cares to get involve in a business. You are facing rejections and you cannot understand why in the world your friends and family not see the opportunity that you are offering. It can change their financial situation.
These are my reasons why 97% of Network Marketers Fail!
1. Unrealistic Expectations: Often time when people get involve in a network marketing business they have a misconception of becoming rich overnight. Now, when this does not happened they then decide that this is not for them. They see this as their financial destination but fail to understand that to be successful that it will take “Time” and “Education”. Your upline did not explain to new recruits the difficulties that they will face when trying to duplicate what they are doing to reach to their level. That is why the average person will not achieve MLM success and will only recruit 2.7% people and than quit.
2. Lack of Training & Support: Quite too often network marketers gets online promoting their business opportunity through a replicated website instead of promoting themselves. Remember, promoting your company’s replicated website will only attract the unqualified leads. Know this little known fact! People join you and not your business opportunity. This means people will only get involve with people who they trust, who have provided some form of value to improve their Journey to Success.
3. Confusing Strategy: Network marketing is a business of duplication and replication. In order to be successful at network marketing you will need to have a duplicable strategy. If your downline cannot duplicate what you do, then your business will become a one person business with no meaningful results. You will find yourself managing your downline, you do the presentations, you contact their list in addition to yours. This is not duplicable.
4. Sacrifice: Just like anything that we do in life, we must make sacrifices. If you want to be successful in this industry there will have to be sacrifices. Give up on old ways of doing things, step outside of your comfort zone, and try new things to improve yourself. Now, making these changes or sacrifices may cause you to loose a few hours of sleep, it may mean that you cannot party on Friday nights because you have training. But remember, these sacrifices will turn into rewards in the end. When majority of network marketers get started they figure that they can become successful with their old ways. This industry requires a 150% of You and that is when you will see MLM success.
5. Lack of Action: Now, being consistent with the real money making matter where you produce money on autopilot or while you are sleeping. When you are constantly on the run attending these regional events, weekly money making meetings, conference calls, please ask your self, are you really maximizing on time. There is purpose these meeting serve and is to break your bank account. These strategies are only setup to keep your momentum going. Let me give you an insider secret, having a website that you use to market yourself and to attract your “targets” and then converting them to qualified prospects is the way to make money while your asleep.
6. Daily To do List: To create Wealth! You must have a list (this is your work capital). This is your business and if you do not operate it like a business than you will fail in this industry. You need to have a daily list, and as you complete each task you check it off the list. For example, if your list is to complete an article, do a video, then make it your goal to complete your article and the video on that day. Do not stop until it is completed. If you practice pushing things off for the next day, then you are delaying your success each day.
~To Your Success~
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Great write up..finally someone who shares and explains the sometimes unrealistic expectations we have of ourselves and our business when we get involved in network marketing..I will be subscrbing..thanks Karen,,you tell it like it is