Ever wonder why so many people fail at Network Marketing?
In this blog post, I’m going share what I think are the three key reasons the MLM success rate sucks so bad.
Are You Ready For Success Online?
If you just started building your network marketing business, there is a good chance you were told to make a list of your family, friends, co-workers, basically anyone you know that is breathing. While I highly suggest that you do this, there are a few key things you need to keep in mind.
The list of people you know is going to run out at some point, most of the time sooner than later. So what are you going to do once you get to the end of that list?
Well, I was in that exact position when I came online a few short years ago looking for ways to build my business using the internet. What I found was a way to position my products and services in front of people who are already sold on network marketing. All of this is done using a little secret that all top earners online use.
The secret is attraction marketing, you can learn about it by going here.
Here Are Some Network Marketing Facts And Figures
I grabbed these numbers from the direct selling association website. While these numbers are from 2016 you can still get an idea of how big of an industry network marketing has become and it’s going to get even bigger.
- Over 20.5 Million people were involved in network marketing.
- Of those 20.5 million people 74% were women and 26% were men.
- 35.4 billion in total sales.
- Health and wellness having the most sales of any product group. Over 12 billion dollars.
What MLM Is Not
Network marketing is not a get rich scheme. Anyone who presents it to you like that is giving network marketing a bad name, that and the fact that most network marketing companies hardly teach any marketing at all.
Network marketing is a simple business, all you do is find out if someone is open, show them a presentation and collect a decision. If you can do those three steps consistently you will have success in this industry.
The one downside I will say about network marketing is it does take time to build up your residual income. So if you are using the internet to build your business, which you should be, I highly suggest you add in affiliate marketing.
Affiliate marketing helps you earn now money while your mlm business is growing.
One of the things that I like about mlm is the fact, it does not discriminate. Network marketing does not care about race, religion, your education level, gender nothing. It is a level playing field for everyone.
So when you see someone in your company crushing it, just know you have access to the exact same tools and resources as that person.
What Is The Best MLM To Make Money In
When choosing what network marketing company join, there are a couple of key things you need to look for.
You should never choose a company based on the compensation plan. There is no such thing as the best compensation plan. To me, the best compensation plan is the one that pays me on time every time.
Now that we have that out of the way, let me share with you the key things you need to look for when choosing your network marketing company.
- Do you believe in the product? Has it made an impact on your life? Would you feel comfortable giving the product to your parents?
- The leadership. Check out the owner’s track record. Do they have a history of running successful companies? If so you can feel pretty good about the company you are choosing to be around for the long haul.
- Community. How is the community an culture? You want to be apart of an encouraging and positive environment.
- Training. What is the company training like? Do they even have any? You want to make sure you have these resources available to you. You want to be able to point your new people to training material so they can get off to the best start as possible.
And lastly go with your gut. If you get a bad vibe or something just does not feel right, then don’t join. It’s as simple as that.
So I just gave you the key things I think you should look out for when choosing a company. With all that being said, the only thing that can guarantee your success is YOU. You are the one constant no matter where you go. Work on yourself more than anything else and you can build ANY business you want.
[clickToTweet tweet=”The only thing that can guarantee your success is YOU!” quote=”The only thing that can guarantee your success is YOU!”]
Check out the short video below and learn the three things I think you should know about to increase your mlm success rate!
Video: How To Avoid Being Part Of The Failure Rate In MLM
Do the three things I talked about in the video and you can’t fail. Six, seven or even more figure success in network marketing is right at your fingertips. If this training helped you let me know in the comments below and feel free to share this around with any you think could get some benefit from this training.
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PS: Need a Step-By-Step Blueprint For Online Marketing Success, You Might Want To Take A Peek At This (Unless You Already Have Too Many Leads) – Click Here For Instant Access
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