I agree so much with this. I did different types of MLM, Primerica, door-to-door, business-to-business, cydcor, global health, etc.
I have made some money, but the move valuable thing that i took away is how to talk to people, sales skill, which i think are essential to everyday life.
mlm is a good opportunity, but you got to work hard to make it big
...most people are online for 1 reason and 1 reason only and that's to make money. As long as it's a legitimate business and everyone is working together to accomplish the goal why not do it? The problem is we don't want to be at the bottom where we don't get the support/paid. If there was a guarantee that we would get paid we would all do it. I know I would, but there is no assurance that someone else will be placed under you etc.. so, no one wants to be that person.
Valerie
Quality Traffic Site
It is always the high rate of failure that turns people off of MLM opportunities. In our experience, you have to find a company and product that you believe in and one that offers real value. We found that company to be IDA.
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Probably because a lot of people were made promises of wealth by these companies that weren't kept.
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People FAIL because of improper training and their own personal hang-ups.
Unfortunately, many of the network marketing companies out there provide little if any training. The people are sold on the idea of quick riches. And while you can achieve excellent income in 2 to 5 years, which in comparison to the 40 year "job plan" is relatively quick, it takes a consistent effort and the application of solid business techniques and skills.
Like most things in life, only a few are willing to learn what they need to in order to become successful. It's true for people who are trying to lose weight, learn how to play golf, invest in real estate, play a musical instrument, learn to swim, become a successful entrepreneur, etc...
Saying "don't get involved with MLM/Network Marketing because most people fail" is like saying to someone, "don't join a gym to lose weight, because most people don't lose any!" It just doesn't make sense.
There are many people who have become successful in Network Marketing / MLM. Just like there are many people who lose weight by going to a gym. But most don't. This is true. But this is true about all things in life, and to claim otherwise to this is to be ignorant to this truth.
People FAIL because they QUIT. I hate playing tennis and I refuse to play it ever again. It's not for me. That doesn't mean that I failed at tennis and most people will too, it means I quit tennis.
I think that almost everything in life that we can 'do,' MOST people will fail at it. And mainly because they quit it.
My advice is for someone to get the training to develop the skills they need to become successful at MLM and put these skills into action. But like getting in your car and dragging our fat asses to the gym, most won't.
My two cents anyway.
Cheers!
Simon Prentice
Rich GRADS Founder & Success Trainer
http://richgrads.com
"Discover How A Team Of Young Entrepreneurs Are Achieving Financial Freedom At Rich Grads.com!"
Some people think "stupid" as you put it Bakewell, some people view it as brilliant. Some people are open minded, some are closed up as tight as a drum. Which one do you think ends up more successful??![]()
Simon Prentice
Rich GRADS Founder & Success Trainer
http://richgrads.com
"Discover How A Team Of Young Entrepreneurs Are Achieving Financial Freedom At Rich Grads.com!"
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Are you calling PPL marketing strategy stupid?You do know this is a 36 year old company that is in profit mode. You do know that Harlan Stonechipher is at least a millionaire.
In saying that, there is some seeds of truth to what you are saying. The vast majority of MLM intensley focus on sponsorship. The more recruits they add to their business the more memberships they will sell. The greater possiblity they will find members who will sell multiple memberships.
Althought this idea can not be considered foolish, I would add that MLM companies should promote referral/word or mouth marketing as another means of generating income.
My friend, I think you need to do more research on MLM. I am not saying all MLM's are legitimate but your overgeneralizations are outrageous.
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[QUOTE=ijustdoit;264904 If there was a guarantee that we would get paid we would all do it. I know I would, but there is no assurance that someone else will be placed under you etc.. so, no one wants to be that person.
Valerie
Quality Traffic Site[/QUOTE]
Hi Valarie,
Perhaps I am misreading you but I really do not understand why you think you should recieve a wage if you fail to sell the company's services or products. Correct me if I am wrong, but do franchisees get paid if customers do not buy their products. For instance, if I am a franchisee
of a McDonald's store and my sales are less than my expenses, I am at a loss. McDonald's will not pay me for the time I invested. Why do people think it should be different for home based entrepruerships?
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People just hate it because they are not successful with it. But for those who earn a lot from MLM, of course they love it because that means their life. In any kind of business,either internet marketing or traditional business, hard work is important to become successful.
I agree. Unfortunately, too many network markerter's are not given the proper training on how to become successful. Many upline leaders are more concerned with getting a new recruit, but then fail to teach them the required skills they need to become successful. And an improperly trained recruit is usually one that falls out of the business in their first year and becomes another MLM statistic.
This is certainly not the case on our team. We go through a very thorough and comprehensive training with every recruit that joins our organization. It's proven to assist in the retention of new associates in our company and they in turn have a much better chance of succeeding when they know "HOW" to do this business.
I'd say that the three most common reasons for failure in this business that I've seen are:
- Lack of proper training
- The person's own limiting beliefs about becoming successful.
- Poor company choice
Number 2 is a biggy and one that I myself struggled with for a long time. We can be our own worst enemy when it comes to the limitations we set up in our own minds that reduce our chances of becoming successful.
I've got some great resources on my site that assist in the proper training required to become successful in this business. And if you are looking for a great program for eliminating your own self-limiting beliefs, I'd check out "The Missing Secret" by Dr. Joe Vitale. It is phenomenal. Probably the best audio program that I've listened to about correcting our thoughts that prevent us from achieving the success we desire.
To Your Success!
Simon Prentice
Rich GRADS Founder & Success Trainer
http://richgrads.com
"Discover How A Team Of Young Entrepreneurs Are Achieving Financial Freedom At Rich Grads.com!"
training is key... and knowing your business model (so where your business is going)... the buck stops with you !!
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HI Danny,
All I can say is that MLM is not for most people. It takes an entreprenuerial mindset and selling skills that are suited for its prospects. The vast majority of people lack these types of skills and view it as a hobby. There are only two ways to make it in MLM:
1. Follow the company's system in exact form.
2. Learn marketing/selling skills that are reflective of many successful marketing companies.
Unfortunately, the vast majority of people in MLM do not have the mindset to make it. BTW It amazes me who every year someone regardless of their economic and social backgrounds earns six to seven figures in this business. BTW also people at the top of any profession make the most money.
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