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What Is Affecting The Network Marketing Industry ?
I got to thinking relating to this yesterday and thought I'd write a quick post about my view of why I feel the network marketing failure rate is so high...Why Do People Give Up?
In my humble opinion, network marketing provides tremendous opportunity for wealth creation for the average person. The entrance fee to start your online business is cheap and the advantage is superb. The minimum entry fee is why many people who do not have the entrepreneurial drive get involved. They are marked in by claims by companies of making gobs of money while the marketer is either sleeping or on the beach.
To succeed online, it takes efforts. I understand...that's a word no one likes to hear! To give you an example, I received an email from one of my downline members recently who had received an email from his downline member. His downline member was doubting if the program she had joined was truly going to work because she hadn't received any registrations in her 1 day of marketing! She was feeling that the program may be a scam! This, unfortunately, is the mindset of nearly all of "network marketers" and contributes greatly to the 97% failure percentage and more abrasion rates that we all the time hear about. This failure rate is the same with people starting off-line businesses also.
Many people are only not outline to run their own business. It's not in their make-up and that's OK. But, this makes the failure rate randomly more. I have no way of proving this but the failure rate of people who actually apply themselves and have a thrive-oriented outlook is much lower than 97%. Possibly less than 50%.
An additional contributing cause is "The grass is always greener on the other side". This statement is rarely true. I've studied this hard-way throughout the years in my offline business life. The key is to get a business chance, or some, that you consider and that are legitimate, and work those programs. If you don't know how to market, learn. That's what I'm doing with MLM Lead System Pro. I have been in sales and marketing for my whole 20 plus year career. Online network marketing is lively and we all need to study as much as we could and apply what we study in our marketing hard works. If you educate yourself consistently, you will know above 95% of your competition. Most people are either besieged or very lethargic (sorry) to apply themselves.
Then, it is the sponsor's work to relay this information onto their members. I have been involved in some business opportunities where I never hear from my sponsor. These people will never be thriving. No matter what your experience level, you have to teach, guide, and stimulate your downline. Sometimes this can be difficult since they are not receptive but you still need to do it. This will come back to you ten-fold because your message will reverberate with some.
Mostly, it is my view that the failure rate in network marketing is raised by the people who shouldn't be in the business to begin with. With a negative mindset, there is no way to be flourishing. Without looking out and following a proven system there is no way to be thriving. For those who are providing true effort, and constantly educating themselves, I assure you that there is light at the end of the tunnel. Do not give up because this is a best business with plenty of room for everyone who wishes to thrive. And make the lifestyle that they've forever dreamed of.
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