What is the real reason why 98% of Network Marketers fail? After working in MLM Marketing and looking up statistics, I discovered that Network Marketing has several different components.
It’s not just about recruiting. An MLM business is exactly this; it’s a business. And in recent years it has produced more millionaires than any other business model on the planet. When you decide to grow your business; Do you have a choice of being in the 98% unsuccessful, or are you in the 2% successful?
Let’s take a good look at the business model. You have a website where you can send your prospects to learn more and join. You also have a web office. This is the place for accounting, tracking, and other tools needed to grow your business.
Their web office typically provides promotional content, such as sales announcement content and follow-up letters, as well as other training materials. It is highly unlikely that any web office will be able to offer you a “set it and forget it” strategy that will actually produce the monthly income you want.
MLM marketing is like any other business model. It involves a learning curve. The question is are you willing to take the dedication and persistence necessary to grow your bank account?
If becoming a millionaire through MLM Marketing is as easy as most advertisements claim, then everyone who joined would be a success.
Here are some steps to take before deciding if MLM Marketing is right for you;
-
You must believe in the product you sell.
-
Partner with a company that has integrity and supports the distribution network.
-
Write down your goals clearly and decisively on a notepad.
-
Create a time management action plan; write this clearly on your notepad.
-
Evaluate your skills and talents; use notepad. Make two lists. What are your best skills and in what areas do you need training?
-
Talk to your potential sponsor and team leader; Decide if you feel they are willing to take the time to train you.
-
Be proactive with learning; be teachable and find other relevant content online that can help you grow your business.
-
You need to stay focused on your business; there is no “try” you will or you will not.
-
You need to understand that growing an MLM business takes time to build strong relationships of trust.
-
A good way to build your business is to use social media to advertise, recruit, train, and run your business.
MLM business models need good management skills. Can you handle time and people? You can succeed if you really believe you can. Keep working and don’t give up.