Reasons People Fail in Network Marketing Building a business is not easy. It is generally known that over 90 percent of all businesses close their doors within the first five years. Network Marketing / Multilevel Marketing businesses are no different. However, Network Marketing businesses have unique qualities and therefore unique reasons why more people are not as successful as they could be. Reason Number 1. Price of entry is low. Yes, this is one of the major reasons a lot of people are unsuccessful in Network Marketing. Because the required investment is so low, a lot of people do not take the business seriously. It also makes it easy to walk away. You can stop working on a Network Marketing business where your total investment is $50 to $500 a lot easier than you can walk away from a franchise business where you have invested several hundred thousand dollars to over a million dollars. The irony here is that network marketing truly has the capacity to be more profitable to the owner than most franchises. Reason Number 2. Lack of consistent effort. Similar to the first reason, a lot of people begin Network Marketing and work at it only when it is convenient. The most successful people in Network Marketing have a plan and schedule and work that plan on a daily basis. Time you have to invest… Reason Number 3. No system or refusal to follow the system. If you do not have an up line with a proven system that works for everyone who works the system, building your business will be difficult. A significant percentage of people who get into Network Marketing do not follow the system their upline has developed and try to create their own. Unless you have years of experience in THIS industry, then you should follow the success of others who do have that experience. Reason Number 4. Failure to get taught. It is an unique feature of the network marketing business that a lot of people that start a Network Marketing business do not believe they need to be trained in how to do the business. This in spite of the truth that most professionals either require years of training or college, and additional years of experience, to be successful. Reason Number 5. Unrealistic expectations. Sometimes this is due to how people are recruited. Promises of easy money, an uncomplicated business, all you have to do is get three, etc., etc. do not do anyone justice. When the success does not come as quickly or easy as expected, the new distributor says this doesn’t work and stops. Reason Number 6. Failure to recognize normal business expenses. Some people get in Network Marketing thinking their only investment is the initial product order or the distributor entry fee. You must plan (like any other business) for phone expenses, travel, training, internet, etc. Many people are surprised with the required normal business expenses if not forewarned. To summarize, a significant number of individuals fail in network marketing, not because of the type of business Network Marketing is, but by not treating it like a business or not doing the necessary research before getting involved. Not having or following a roadmap, not taking the time to get trained, or not taking consistent action are the fastest ways to fail in Network Marketing, or any business. To your Success,
Posted on: Sun, 21 Jul 2013 13:36:08 +0000
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