8 Reasons MLM Distributors Fail
By Thom Reece
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...
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 2004-05 Thom Reece All Rights Reserved
Thom Reece is the CEO of On-Line Marketing Group, a direct response
marketing creative agency in Hawaii. His primary websites, the On-Line
Marketing Resource Center (http://www.e-comprofits.com)
and MaxxMLM.com (http://www.maxxmlm.com),
and Opportunity Universe (http://www.OpportunityUniverse.com)
are visited daily by thousands of entrepreneurs seeking answers to marketing
challenges. Thom can be reached by email at: [email protected]
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