Some Facts about Network Marketing:
Over 97% of people who join a network marketing company will fail. The reasons for failing in network marketing are many. Here are just some of the reasons why you may fail over and over.
- Selecting the wrong companies – network marketing companies are rising and falling fast and most Start-up companies, that do make it, will fail within 1 year due to no experience. Before you invest your time and money, make sure you selected a company that is financially strong, several years in business, well managed, has all the necessary infrastructure to handle momentum growth, and has a long-term plan that is beneficial to the distributors.
- Not defining the reasons for being in business – Many people do not define their “Why” I am in this business. If your “Why” is strong enough, the “how” is not as important.
- No written goals – you must determine your goals, write them on a piece of paper, develop a plan of action, and schedule daily activities that will take you to your goals.
- Selecting the wrong Upline – Your upline may not have any training or support in place. Make sure you are working with an upline group that has been successful, has the time to work with you personally, has proven training and marketing programs that you can use.
- Too focused on making money – money is important, that’s why people are in this business. But, your focus should be on helping others succeed. Zig Ziglar once said that “you can have everything you want, if you just help enough other people get what they want.” Go out, make friends, help them become successful and you will be successful.
- Treating your business as a hobby – this business takes time and effort and you must give your business consistent hours every day. It is essential that you don’t treat your internet business like a hobby. When you are in a direct sales business or any internet business commitment is a necessity. You cannot compromise on commitment and ignore putting in efforts. You need to constantly plan new goals and complete them within a specific time frame.
- Don’t contact enough people – your job is to be a messenger. Take the message about your company, product(s), and opportunity out to as many people as is possible each day. Don’t worry about those who say “no”. You are just sifting for those who are. If you were to contact just one new person every day (six days a week), you would make 312 new contacts per year. If you just sponsored 10% of those, you would have 31 new distributors each year. What if they just duplicated what you did.
Take some time and really think about these points before going on to reading Part II.
Network Marketing Made E-Z!
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