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8-Reasons MLM Distributors FailThere dozens of reasons why any one individual might not be successful with his/her network marketing business... or any other business for that matter. Here are a few that I can think of right off the top of my head: NOT TREATING IT LIKE A BUSINESS... Network marketing or MLM is just another method of distribution of a product or service. It is a "business" in every sense of the word. Many new distributors do not realize that all the same skills and dedication to effort, that are required to be successful in any business, are needed in their MLM business. UNREALISTIC EXPECTATIONS... Unfortunately, this industry has the reputation of making it sound too easy. Distributors, in their eagerness to build "any" type of organization, paint too rosy a picture to convince a prospective distributor to come aboard. This is a disservice to the industry, the recruiting distributor, and to the prospect. Experienced and successful distributors do a lot of "sifting & sorting" to find the right prospects for their organization. They require that the prospect jump through a lot of qualifying hoops to become part of the team. NOT BEING TRAINABLE... If you cannot, or will not, take coaching and instruction then MLM is not for you. Surprisingly, those with strong professional selling skills are often the worst choice you can make for potential team member. They often think they must "re-invent the wheel" to conform with their selling experience. Your successful upline "knows" how to work your business. Follow their lead and duplicate the already successful system. POOR CHOICE OF UPLINE... Your choice of your upline sponsor is critical to your success. Most new distributors give little or no attention to this important detail. If you sponsor is not a good trainer, or is not willing to implement the systems necessary to support YOU... then you have the wrong sponsor. Your sponsor, in the truest sense of the phrase, is your "partner in success". A bad one can stifle your success... a good one can skyrocket your profits and greatly shorten our learning and selling cycle. If you have a sponsor who is not serving your needs then work upline until you find someone who will give you the support you need...and have every right to expect. POOR CHOICE OF COMPANY/PRODUCT... Always look at the product first. If you would Not "willingly" buy the product and enjoy it's benefits... why do you think anyone else would? Marry the product with your own interests and needs. If you are interested in wellness, health & fitness, etc. then select a company who has a leadership position in these product lines. Don't try to sell something you can't get enthusiastic about... and which does not fill a proven need in the marketplace. Never mistake the "comp plan" for the opportunity... the opportunity is in the product. The most lucrative pay plan in the world will not pay you a dime if you cannot sell the product... and the customers do not willingly re-order. NOT DEALING WITH CONSUMABLE PRODUCTS/SERVICES... Your success or failure with any MLM will be greatly determined by the "consumability" of the product. If the product is a "one-time" purchase the success of the MLM model is doubtful. Residual income depends on the consumability of the product. YOUR OWN LACK OF DISCIPLINE & PATIENCE... No business becomes successful instantly. MLM is no different. You should become involved with any MLM only if you are willing and able to commit a minimum of one year of hard work to the building process. YOUR UNWILLINGNESS TO COMMIT MONEY & TIME TO BUILDING YOUR BUSINESS... Building any business requires a certain commitment of time and money to succeed. You must make available a minimum number of hours per week to "work" the business... and you must be willing to invest the money necessary for advertising, supplies, lead generation, etc. MLM is NOT a get-rich scheme, despite the wild claims made by some. Network marketing IS a business that requires the same level of dedication that getting to the top of any Fortune 500 company takes. With MLM, however, YOU own the company and there is no arbitrary boss determining your worth. © Copyright 2005 Thom Reece All Rights Reserved About the author: Thom Reece is the CEO of On-Line Marketing Group, a direct response marketing agency with headquarters in Hawaii. He is the creator of the Online Marketing Resource Center [ http://www.e-comprofits.com] & the major portal for the network marketing industry- MaxxMLM.com [http://www.MaxxMLM.com ]. Thom can be reached by email at: thomATe-comprofits.com Circulated by Article Emporium Investment Property Part I: How Not to Become a Slumlord Welcome to the first part of a two part series about getting into the investment property business. After riding the ups and downs of the stock roller coaster for a while, an increasing number of investors are looking into property investment as a more stable alternative... 8-Reasons MLM Distributors Fail There dozens of reasons why any one individual might not be successful with his/her network marketing business... or any other business for that matter. Here are a few that I can think of right off the top of my head: NOT TREATING IT LIKE A BUSINESS... Stop Your Employee From Becoming Your Competitor You know the routine. You've hired an eager individual willing to come onboard and learn the business. You've taught them, trained them, worked hand in hand and side by side for 2 solid years. Then all of a sudden your employee quits for no apparent reason. To your disbel... Internet Scam Alert Save your money! Watch out for internet scams! There are a million scams lurking around on the internet. I sure hope you've never been the victim of one, but chances are you've probably noticed a least one scam. A lot of these scams can be luring and tempting and can easil... There's a Thief on Your Campus What would happen if your laptop computer were stolen? What would this cost you in time, money and frustration let alone loss of your confidential information such as you social security number, bank accounts, or passwords? Don't think it can't happen to you. It happens on campuses... Accounts Payable, How Does Your Business Get It Done? We all have to pay the bills, but there may be an easier way to get your accounts payable under control. Software is available to get your business on track and under control. But, what is available and what should you look for in a program for your business. With so many options a... The Business of Shopping and Shipping Gifts For the Holidays With Christmas coming in two month's time, people are already starting to plan their yuletide gift-giving strategy. This is especially true with people who are living far from their native lands or from their families. Often, these people have a hard time shopping for gifts because... It's Okay To Negotiate - REALLY! Sarah is a young woman who attended one of my sales negotiation training programs shortly after taking a new job. When I asked her how she did with her salary negotiation, she replied, "Well, I didn't negotiate. I was offered $44,000 and I took it. "Why didn't you negotiate?" I a... Protect Your Business by Performing a Background Check The success of a business endeavor involves a concerted efforts of financing, strategic planning, product design or service positioning, marketing, sales, and customer support. One of most important aspects of doing business is the people you deal with everyday - your employees, y... How To Boost Your Bottom Line With Just Two Little Words I hate to sound like one of those cheesy get-rich-quick commercials, but this week I am going to let you in on a little secret that is so powerful that it will immediately change the way you do business. In fact, this little secret is so powerful that you will be amazed at... Specialty Gases and Equipment The Scott Specialty Gases website is a valuable resource for technical and safety information including an online MSDS Library and comprehensive downloadable Design and Safety handbook. About the author: Scott Specialty Gases is an international ... No Pain, No Change No Pain, No Change Implementing changes, even when they're good for your business, can be tough. As the old adage goes, old habits die hard and it's just as true in business as it is in our personal lives. It's simply easier to take the path of no resistance and revert bac... Position Position Position – The secret to success online. When you saw this heading you possibly thought of real estate or search engine placement. While this is very applicable to these two systems I want to take you a little deeper into the concept of positioning yourself for success online. Position is really a life s... Renting a House Renting a house or a room in your home is a great business that millions of people take advantage of to make some extra cash. While many people rent houses each year, not all of them are successful. Renting a house can be profitable and rewarding if you manage it properly. <... Why eBay? Start Your Home Business Here If you have a desire to be home based, eBay really is the ultimate new-start opportunity. I know of no other business format where you can put something up for sale to millions of people without having to invest in a shop, advertising or a web site: and sell it and be pai...
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