When you start a business, you start your business to make a profit, feed your family, and be independent.
However, a MLM network marketing business faces additional challenges not faced by a brick and mortar business.
Your MLM business has to sponsor reps, find distributors, and motivate your team for you to make a profit and grow your business.
That is only the tip of the iceberg on why your MLM business may fail.
Outrageous Expectations You have seen the ads, 'make $235,000 in 11 days' and you feel the envy factor kick in and the greed factor takes hold.
Can it be done? Yes, but usually by a person who has an established network of distributors they take from one company to the next.
If you are just starting to build your MLM business you have to find leads, turn them into prospects then interview them to see if they will be the right fit for you business.
Minding Your Business You have to treat your MLM business as a business.
MLM is another business model but the general public doesn't see it that way.
It takes the same skill set, dedication, effort, tenacity, resilience and perseverance to establish and run your MLM business as it does any other business model.
Not Researching Your Business When it comes to MLM business opportunity, we are inundated with the next best thing with ever e-mail, Google search, or friend calling us.
Research is only done after you MLM business fails or the money is not rolling in as promised or the DOJ is arresting people.
You have to check out the MLM business you are becoming involved with to make sure it is a sound organization, run by sound people and has strong financial backing.
Poor Upline What experience does your upline have with training, being in a MLM business, or business experience? Are they easy to get a hold of when you call with questions? Are they willing to talk to your prospects for you? Remember this is going to be your partner in your MLM business and help guide you to success.
If you cannot find them how can they guide you.
If you love the business, you have chosen and want to stick with it, then ask if you can transfer to another upline or find someone in your upline who is willing to support you and work with you.
Product Choice Would you buy what you are selling? Is it tangible or intangible? Do you have to become a member to buy it? These are all important decisions because if you would not buy it why would anyone else and if you have to have a membership or become a disturber it maybe a harder sell to get.
If the product has a onetime use then you are constantly finding new prospects to buy vs.
your customers are buying helping to build your residual income.
Bottom line, are you excited and enthusiastic about the product.
Your excitement can go a long way to sell the product and keep you interested in the business.
You Commitment and Willingness You have to be willing to be trained, learn the product, commit your time energy and resources to building your business.
In other words you have to work you MLM business for it to be a success and for you to be successful.
Lead generation, advertising, supplies, all take resources to build your business.
You also have to be willing to give your time to your business and your time to others to help them build their business.
To prevent MLM failure as so many others have experienced with their MLM business due to over hyped get rich quick schemes and exaggerated income expectations, keep in mind that it is a business first and you have to invest in your business.
However, a MLM network marketing business faces additional challenges not faced by a brick and mortar business.
Your MLM business has to sponsor reps, find distributors, and motivate your team for you to make a profit and grow your business.
That is only the tip of the iceberg on why your MLM business may fail.
Outrageous Expectations You have seen the ads, 'make $235,000 in 11 days' and you feel the envy factor kick in and the greed factor takes hold.
Can it be done? Yes, but usually by a person who has an established network of distributors they take from one company to the next.
If you are just starting to build your MLM business you have to find leads, turn them into prospects then interview them to see if they will be the right fit for you business.
Minding Your Business You have to treat your MLM business as a business.
MLM is another business model but the general public doesn't see it that way.
It takes the same skill set, dedication, effort, tenacity, resilience and perseverance to establish and run your MLM business as it does any other business model.
Not Researching Your Business When it comes to MLM business opportunity, we are inundated with the next best thing with ever e-mail, Google search, or friend calling us.
Research is only done after you MLM business fails or the money is not rolling in as promised or the DOJ is arresting people.
You have to check out the MLM business you are becoming involved with to make sure it is a sound organization, run by sound people and has strong financial backing.
Poor Upline What experience does your upline have with training, being in a MLM business, or business experience? Are they easy to get a hold of when you call with questions? Are they willing to talk to your prospects for you? Remember this is going to be your partner in your MLM business and help guide you to success.
If you cannot find them how can they guide you.
If you love the business, you have chosen and want to stick with it, then ask if you can transfer to another upline or find someone in your upline who is willing to support you and work with you.
Product Choice Would you buy what you are selling? Is it tangible or intangible? Do you have to become a member to buy it? These are all important decisions because if you would not buy it why would anyone else and if you have to have a membership or become a disturber it maybe a harder sell to get.
If the product has a onetime use then you are constantly finding new prospects to buy vs.
your customers are buying helping to build your residual income.
Bottom line, are you excited and enthusiastic about the product.
Your excitement can go a long way to sell the product and keep you interested in the business.
You Commitment and Willingness You have to be willing to be trained, learn the product, commit your time energy and resources to building your business.
In other words you have to work you MLM business for it to be a success and for you to be successful.
Lead generation, advertising, supplies, all take resources to build your business.
You also have to be willing to give your time to your business and your time to others to help them build their business.
To prevent MLM failure as so many others have experienced with their MLM business due to over hyped get rich quick schemes and exaggerated income expectations, keep in mind that it is a business first and you have to invest in your business.
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