How to Avoid MLM Failure
The truth in the industry is that MLM failure is nothing new nor unusual to online marketers. In fact, it is really anticipated by most.
Think of this as a recorded interview of an MLM sales person revealing important factors that you need to know before getting into the MLM industry. These factors might have originated from previous "MLM failures" but, as they say, experience is the best teacher, so it is better to listen to someone who knows what failing in MLM feels like. So here are some factors you need to know about how to avoid MLM Failure
1. Make sure you know A LOT of people!
In MLM, you need to have many in your warm circle or if your circle of friends and acquaintances can only be counted with just one hand, then you can start looking for friends and potential leads. It is a big advantage if you do know many people, for you don't really have to exert much effort anymore in convincing them (it pays to be the life of the party). But it's never too late to go out and socialize. A good idea would be to host a party and invite everyone from the block and from the neighboring blocks. But please, do not do a sales presentation right in front of them: that scares them away. Just socialize and present yourself as a person who is in this business. Just be cool about it, it's a party.
2. Consider your competitions.
We are not talking about human beings here who do what you do. Rather, we are talking about your product's competition. They might have some slight advantages than what your product can initially offer. Being a cheaper product, for example. Just remember that if there is a positive feature, there is always negative feature. So present your product in a more positive and better way than other products. Keep in mind too that there will always be new products coming out everyday though and you will need to monitor this.
3. Never Miss a Single Company Meeting.
It can be dragging at times, but attending a company meeting is very crucial and can give you benefits. And, as I have said before, most online marketers fail because most likely they missed out on meetings. Company meeting is also a good time for you to invite your friends and families over, so that they will know what your product can do good to them, and can be explained much better by key speakers. This is a process of trying to leverage on your company and other better speakers that are around. But one issue that may arise is that some companys do not have easy access to these meetings so it boils down to whether you have the desire or monetary and time capability to attend these events
4. Give it all!
True, many online marketers fail miserably, so it is not an assurance that MLM is instant money (like some of the MLM companies that promises). One of the best suggestions that i could give would be to really give it your all. Put in a big amount of dedication, focus, time and effort and you might just see the results that you desire.
These four factors are just some of the essential things that i hightly recommend that you remember when you are going to invest on MLM. They might just be the keys that prevent you from eventually becoming an MLM Failure.
Unfortunately, even after achieving with great success in these areas, there still exist a rather large possibility that you are not going to get the freedom and lifestyle you dreamed of. Find out exactly why by checking my blog!Justin Yong is a full-time online entrepreneur who is loving his life and enjoys connecting with like minded individuals. I really enjoy travelling, exercising - sports and feeling free of financial worries!
To learn more about this topic or get some great tips on areas like social media marketing (Web2.0), search engine optimization (SEO), payperclick (PPC), network marketing and internet marketing, check out my blog for more info!
Have a question for Justin or want to leave a comment?