In this article , I will show you how to Avoid the 7 Sins Of Network Marketing.
If you plan to enter into the lucrative business of Network Marketing or MLM (Multi-level Marketing), you need a few network marketing tips to help you gain secure footing to reach the top.
There is no denying the network-marketing field is tough to grow and failure rate can be high, but the rewards can also be incredibly sweet once you gain momentum. A friend once mention that a steam engine takes a lot of work just to get the wheels to roll, but once it starts rolling the momentum keeps it going with just a little work. And that’s the way Network Marketing or MLM works.
I outlined 7 Deadly Sins of Network Marketing and How To Avoid being a victim and position you as a leader.
7 Sins Of Network Marketing
My Thoughts
There are a lot of people that’s looking for the right Network Marketing Tips For Guaranteed Success; unfortunately many of them come across information that doesn’t work. The fact remains; there is NO Network Marketing Success Tips to Guaranteed your success. The word there is “Guaranteed”. Success can be achieved by avoiding the most common mistakes and listening to experts who will Mentor You. More on that later.
In this article my mission is to give you the necessary knowledge that will empower you to take action and build a successful enterprise by avoiding The 7 Sins Of Network Marketing.
Please read these carefully as they will help you if you are a beginner or struggling in network marketing, but I must warn you that this article is for the person who really wants success, if you are not looking for success or willing to “work”, then this article is not for you… Let’s begin.
Sin # 1 Not Using Time Management
This first tip for success is also one of the most difficult to master.
Sin #1 Time Management may sound like a simple thing, but that’s far from the truth.
Ask yourself,” how do I spend my average day?” How many hours do you spend working, sleeping, eating, traveling between places, etc.? There are only so many hours in a day. If you work 8 hours and get 8 hours of sleep, you only have 8 more left to do everything else.
The point I hope to make here is that your time is extremely valuable. The average American watches 4 or more hours of television a day. That 4 hours a day, equals a 28 hours a week that could be spent building your success. Calculate what you’re worth. You want a $100,000 business? That means your hourly rate is $69.50 per hour. Which means for every hour you waste it has cost you almost $70.00.
To avoid this deadly sin, you need to create a schedule and stick to it. Post this schedule where you can see it. Monday is for study, Tuesday is for recruiting, Wednesday is for follow-up, etc. Schedule time to develop your business, schedule time to develop leads, schedule time to make that important phone call to sponsor your prospect. And most important, schedule time with your family and friends outside of your business.
Sin #2 Not Developing Leadership
Stepping into the network marketing industry is a great feeling at first but not many people know how much work they have to put in before they can be successful. If you are going to succeed with your MLM Company, you first need to know the key to success is leadership.
Leadership is an important skill to master. You may think that your not a leader, but believe me, it is a skill you can MASTER. All it take is belief and dedication.
People will join your business because they love your leadership not the product, not the compensation plan but your leadership. When you strive to become a better leader only then will you explode your business.
Most MLM companies never speak on leadership, but instead tell you sell the products, recruit friends and family. You may have the best product in the world but if your leadership is not there no one will join you. To avoid Sin #2 develop your leadership skills. It really is not that hard to master.
Attraction Marketing is one of the skills you can master on your way to Leadership.
Sin #3 Not Targeting The Right People
Want to make your MLM journey easier? Understand, your friends and family… are not your target.
In my early years of MLM, if you could walk and have a pulse, you were my market. How wrong I was. I now target people who are serious and willing to work with me and develop a powerful MLM business.
As an example, I once recruited a person in to my MLM business. After a couple of weeks working with this person, I had a very important meeting for us to go to. He declined because he wanted to go to a mud-wrestling event. The next schedule meeting, he also declined because had to go to a demolition derby.
He was not willing to work at his business. That’s okay. Not everyone is cut out to be in a business or Network Marketing. You are the BOSS…hire only the best people. Spend time with the ones who are willing to WORK and stay in touch with the others.
It sounds tough, but I only work with successful people. Until someone shows me the willingness to work instead of play, I will spend more of my time with them.
Leaders will work with other leaders. You are a leader…your job is to grow leaders.
Use Attraction for the skills to become a powerful Leader.
Get into the heads of your prospects. Understand who they are, what solutions they need and how you can help them. Your opportunity should be the solution that solves their problem and helps them achieve their goals.
Targeting the wrong group will get you nowhere fast, so make certain you do your homework. Avoid Sin #3 by solving a problem. If they are not the right person, move on. Your time is too valuable to waste.
Sin #4 Not Leveraging The Internet
Thanks to the Internet, the way in which we build a MLM businesses has changed. With no geographic limitations and a much wider reach, you can target far more people online than you ever could in the offline arena.
With a well thought-out online marketing strategy, you can amplify your MLM Lead Generation efforts and bring in a consistent stream of targeted and qualified leads.
The bottom line: if you are not network marketing online, you are missing a huge chunk of your market.
Sin #5 Not Working With A Mentor
To avoid frustration and mistakes find a mentor to help you with your marketing. It is so important to
Find a Mentor who has the same goals.
pinpoint experienced network marketers who are creating the results you want.
A mentor can provide you with the advice and tools you need to achieve similar results. Your sponsor may be your mentor or in many cases may not. A mentor is not hard to find. Look in your up-line.
For myself I found a mentor by simply listening to a Webinar or a series of Webinars. I contacted this person and found he was willing to help me develop a great marketing plan.
His name was Ferny and the developer and author of Attraction Marketing and the 10-Day Bootcamp.
Since then Ferny has become a friend. As a mentor no one could be any better.
Get Ferny’s Attraction Marketing Formula and the 10-Day Online Bootcamp.
Avoid Sin #5 by finding a mentor who is creating success similar to your goals.
Sin #6 Not Using A Proven Marketing System
A simple way to get ahead is to leverage a proven MLM Marketing System. A proven system provides you with a blueprint for profit generation. It gives you successful strategies you can implement to produce duplication within your downline and ultimately explodes your profits.
If you prefer to develop your company’s MLM system, make certain it produces the results you desire, or you could be wasting valuable time and energy on something that does not work.
Start with Attraction Marketing Formula. Once you understand the concepts you can alter to suite your own style. However, my advice…don’t change a proven concept.
Sin # 7 Giving Up
The truth is many people find it to easy to Give Up. They believe network marketing offers an easy solution to financial freedom and that once they have a system set up the cash will roll in. The reality is this type of mindset could kill your venture before you even begin.
The problem is that many would-be marketers throw in the towel as soon as they perceive an obstacle to be insurmountable. They surrender in defeat and jump onto the next opportunity that comes their way.
They fail to treat their network marketing business as a business.
As a network marketer, you have to set specific goals for both long-term and short-term success. You have to focus on true income generating activities, such as obtaining and closing leads.
You have to develop your skills and knowledge through training and education. You have to concentrate on one opportunity at a time.
You have to put as much work, passion and energy into your business as you do the rest of your life. Suddenly, you will discover there is no reason to surrender in defeat and that those terrifying obstacles are easier to overcome.
You have to understand that in Network Marketing as well as any other type of personal business, you will come across obstacles. You will get a lot of NO’s. You will be frustrated and you will think of quitting.
Leasers have also experienced these modes. The difference is a leader faces the obstacles, finds a way around and learns. A leader will never show his or her difficulties but only shows a positive attitude and a friend smile.
You are a Leader.
Finally
This tip is one that keeps on giving. Be sure to spend time and money toward continuing education with your chosen industry niche. Think of this as an investment that will undoubtedly give you a serious return provided you stick to it.
One Sin many people make and the reason why so many people fail is because of not investing in their career. Leaders learn everyday and spend many dollars in learning about their career.
Get Attraction Marketing Formula and invest in your career.
There are possibly dozens of helpful hints to be lain at your feet in hopes that the right combination will guarantee success for you and your business. However, if you can properly manage your time and your money as well as maintain the focus to continually increase your business knowledge you will have a guarantee already in hand.
Successfully avoiding these 7 Sins Of Network Marketing will require focus, discipline and dedication. These are characteristics a great majority of successful individuals share. Work hard to develop them within yourself and you will surely succeed.
Here’s to your success,
PS: To get the training you need I highly suggest you subscribe to Elite Marketing Pro and Attraction Marketing Formula. If you are looking for the mentor to help you I suggest you subscribe to Elite Marketing Pro and Attraction Marketing Formula.
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