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I got to thinking relating to this yesterday and thought I'd write a sudden post regarding my opinion of why I think the network marketing failure rate is so high...Why Do People Relinquish?
In my humble opinion, network marketing provides wonderful chance for wealth creation for the normal person. The entrance fee to start your online business is cheap and the benefit is great. The minimum entry fee is why a lot of people who do not have the entrepreneurial drive get included. They are marked in by claims by companies of making stalks of money while the marketer is either sleeping or on the beach.
To succeed online, it takes efforts. I realize...that's a word no one likes to hear! To give you an instance, I got 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 since she hadn't gotten any sign-ups in her 1 day of marketing! She was feeling that the program may be a trick! This, unluckily, is the mindset of nearly all of "network marketers" and contributes highly to the 97% failure percentage and high attrition rates that we all the time hear regarding. This failure rate is equivalent with people commencing off-line businesses too.
Several 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 high. I have no way of verifying this but the failure rate of people who actually apply themselves and have a thrive-oriented outlook is much lesser than 97%. Maybe less than 50%.
Another contributing factor is "The grass is forever greener on the other side". This statement is hardly ever right. I've learned this hard-way all through the years in my offline business life. The solution is to get a business chance, or a few, that you consider and that are legitimate, and work those programs. If you don't recognize how to market, learn. That's what I'm doing with MLM Lead System Pro. I have been in sales and marketing for my complete 20 plus year career. Online network marketing is active and we all have to learn as much as we can and apply what we learn in our marketing hard works. If you instruct yourself always, you will know more than 95% of your competition. Many people are either overwhelmed or very lazy (sorry) to apply themselves.
Then, it is the sponsor's job to relay this detail onto their members. I have been engrossed in a few business opportunities where I never hear from my sponsor. These people will never be thriving. No matter what your experience level, you must instruct, guide, and motivate your downline. At times this might be difficult because they are not receptive but you still have to do it. This will come back to you ten-fold since your message will reverberate with some.
Fundamentally, it is my opinion that the failure rate in network marketing is inflated by the people who shouldn't be in the business to begin with. With a negative mindset, there is no way to be successful. Without looking out and following a proven system there is no way to be thriving. For those who are giving real effort, and consistently educating themselves, I assure you that there is light at the end of the tunnel. Do not quit because this is an excellent business with heaps of room for everybody who wishes to succeed. And create the lifestyle that they've forever dreamed of.
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