7 Dreadful Pitfalls Of Failure In MLM (Multi-Level Marketing)
With thousands of individuals starting a MLM business every single week these are the top 7 problems that newbies all face when they get started in multi-level marketing. Knowing these problems upfront will prepare you for what you need to focus on and resolve so you can achieve the type of success you are driving towards.
January 29th, 2013 Published by: mrmomentum 7 Dreadful Pitfalls Of Failure In MLM (Multi- Level Marketing) MLM (Multi-Level Marketing) 7 Pitfalls Of Failure You Need To 1. No Upline Support. Know Once a person joins a new MLM marketing program, he or she is vulnerable and needs a lot of help from something or someone. If someone has never done MLM before it is like a new baby trying to learn how to walk for the first time. You have to have some type of support to help you grow and teach the basic fundamentals from Day 1. With thousands of individuals starting a MLM business every In many cases, the uplines are not actively helping them. This single week these are the top 7 problems that newbies all happens a lot when the uplines are simply sponsoring as many face when they get started in multi-level marketing. Knowing people as they can with no regard to what happens to them these problems upfront will prepare you for what you need to after they get sponsored. focus on and resolve so you can achieve the type of success you In most MLM programs, it is important that the new person are driving towards. What you need to know is that MLM does gets immediate assistance from a local person, or tools that work if worked correctly. you have. Otherwise their chances for survival are very slim. More than ever before people from all over the world are joining multi-level marketing programs unleashing that inner 2. New MLM Marketers Cannot Sell. entrepreneur that is in each and every one of us. More millionaires have been created thru the MLM industry than This is probably the major reason most people do not any other industry on the planet. make it their MLM business. Many have never dealt with selling anything nor have never dealt with understanding the Read two of my other blog posts after this one on “Why You psychology of peoples hot buttons. No matter what type of Should Start a Home Based Business” & “Tax Advantages product you are marketing with your MLM company you must Of a Home Based Business” so you can discover why the learn the art of dealing with people and conquering the fear of entrepreneurial spirit is thriving right now & why you should rejection. be a part of this movement. Many know this term as the “Rejection Rocket” and needs to taught to a new person from the beginning. The emotional Below Are The Top 7 Pitfalls That roller coaster effects everyone involved with MLM. You start off excited and you think of people to approach and when you Some New People Have Starting start talking to people about joining or becoming a customer Their MLM Business: of your MLM company and you don’t haven’t been taught the right techniques to ensure your success, then as soon as someone you thought was going to support you and says “NO” then your excitement dwindles and most often many get knocked out the box. 3. MLM’er Cannot Generate Good Prospects. Next to the selling problem, this has to be the next biggest reason most people fail in MLM marketing. 1 January 29th, 2013 Published by: mrmomentum Here is a picture of what normally happens. The new person success with your team. This is extremely crucial, training is has just signed up in an exciting MLM program. He is taught everything no matter what type of product or service you are by the manuals, meetings and so forth, how he should “share” marketing. Training is the heartbeat to any successful MLM his product with his friends, neighbors and relatives. business. Normally, most are not comfortable with this, and if they are typical, they will have many sleepless, tossing and turning 7. Many Quit To Soon. nights. Most just don’t want to “impose” on his friends! He would feel a lot more comfortable just presenting his Starting any company takes time, and this is true with a MLM opportunity to strangers. business program as well. So often many quit right before they are getting ready to win. Often times more than 50% of the people who start their MLM 4. No True Duplicative System. business quit in their first 30-60 days. That is not long enough If the MLM marketing company must be promoted through for any type of business to succeed. Most business’ don’t even expensive methods, this is not feasible for the masses. break even until 2-5 years. Treat your business like a business not a hobby. Hobbies cost you money! Very, Very Key! Duplication of your MLM business is your main objective in order to have success. If your MLM business isn’t It will take some time before you can expect results to happen duplicating correctly then you will be building on quicksand in your MLM business. You should set in your mind that and eventually fade away. You don’t need to be the one in you are going to stick with this for at least sometime. That front of the room doing the training and presentations for your just makes good business sense. Commit for at least 12-24 MLM company as long as you find people who will do those months. With the right support system and training you things and you just override the production. should be able to know right away after 1 year if your business is growing or dyeing. Multi-level marketing is also more than You don’t have to be a player to get paid like a player, you can just what you are marketing which is developing the right find the player and then still get paid like a player. leadership skills and having a success mindset. A powerful book to help get you on the right track is “Think & 5. Selling By Using Standard MLM Techniques. Grow Rich” by Napoleon Hill. Also 2 other powerful books for Traditional way marketing MLM is to spend on spare time to the Multi-level marketing industry AKA “Network Marketing” call around and travel around to get prospects. A lot of people are “Business of the 21st Century” by Robert Kiyosaki and already have a full time job, it is hard to find extra time to “Your First Year In Network Marketing” by Mark Yarnell. travel and make phone calls. This is why these MLM marketers cannot keep their business going. With the internet today there are more and more solutions A Simple Solution To A Complicated to help assist with this problem. It is just taking the time to MLM Multi-Level Marketing World & Avoid explore and find the right programs to help you have the kind These 7 Dreadful Pitfalls… of success you are searching for. Although these methods of spending the time to drive around to friends & families still work, there are even new ways to have tons of individuals driving towards you without the traditional ways of multi-level marketing. But still implement whatever you can to help you get results. Do not deviate from traditional techniques but understand Today there are many strategies & techniques to attract the that with the internet today there are so many other ways to right type of prospect for your MLM business throughout the accelerate your growth within your MLM business. internet making these 7 dreadful pitfalls a thing of the past. Discover a simple system to help you achieve the results that you have been looking for to attract endless leads to your 6. The Newbie is not sure about the MLM Ccompany or MLM business and at the same time a chance to earn 100% Service. commissions. Click on the link to get access. Often times a person will sign up in a MLM marketing program in a“fit of excitement.” After the dust clears, he comes down to earth and reality slowly sets in. Best Regards, Pick an established and financially sound MLM business with - Nicholas Guzman unquestionable products or services. That way, you can feel Web: www.ResidualTreasureChest.com good about the company and products that you are promoting. There is nothing quite like being able to “tell the complete truth” to your prospective customers. Make sure that whatever MLM business you partner with also has a solid training and support system to help accelerate your 2 January 29th, 2013 Published by: mrmomentum 3