5 Crucial Mistakes To Avoid In Network Marketing
- Date: 2010-01-28 - Word Count: 545
Share This!
The Network Marketing Industry is the most exciting, gratifying, and profitable industry in existence and offers people the opportunity to build a large, residual monthly income with very little start-up funds. The only barriers to success are receiving the appropriate training and working hard.
However, there are 5 crucial mistakes that you must avoid in your business if you hope to have lasting success in the MLM industry.
1. Promoting your company first. This is absolutely the "cardinal sin" for any network marketer and generally reveals an industry novice who has not been properly trained. Consider this, when you go to a party and meet an attractive single woman, do you immediately ask her to marry you? As absurd as that sounds, it is equally ridiculous to start selling your company to someone you don't know and try to convince them to join your business. You must learn to establish rapport and build trust with your leads before you ever promote your company. You must position yourself as a leader, provide them with a funded proposal, and establish in their mind that you offer tremendous value. Leave it up to them to decide that they want to join your company.
2. Not using your product. It is essential that you become an expert in your business and you must use the products or services that you are promoting, not merely talk about them. Get to know the benefits they offer and share your own success story of how they have improved your life. A personal testimonial is a persuasive sales method, do not waste this opportunity. After all, if you don't use the product then why would anyone else?
3. Procrastination. There are a myriad of tasks that you must complete each day in your business from marketing, to training, to speaking with your prospects. This is your business and you are only accountable to yourself. There is no boss looking over your shoulder to make sure you are working. You must learn personal accountability, take consistent action each day, and start with tackling the biggest challenges first.
4. Losing Focus. It is all too common for network marketers to jump from one business opportunity to another. The grass is not greener on the other side of the fence. Yes, you must select the right company to promote, but once that selection is made you need to focus on building your team. It takes about 6 months for most network marketers to hit their stride and really see growth in their business. If you are switching companies every year, how can you expect to create a large residual income and have people truly view you as a leader?
5. Failing to set goals. If you aim at nothing, you will hit it every time. Establishing both short and long term goals and them putting them in writing is critical to your success. An unwritten goal is merely a wish or a fantasy. Once you have established your goals, write out your plan on how to achieve them - be specific. Finally, set a date by which you want to accomplish the goal. Now you have completed something that only the top 3% of earners in this industry regularly do and you are on the path to success.
However, there are 5 crucial mistakes that you must avoid in your business if you hope to have lasting success in the MLM industry.
1. Promoting your company first. This is absolutely the "cardinal sin" for any network marketer and generally reveals an industry novice who has not been properly trained. Consider this, when you go to a party and meet an attractive single woman, do you immediately ask her to marry you? As absurd as that sounds, it is equally ridiculous to start selling your company to someone you don't know and try to convince them to join your business. You must learn to establish rapport and build trust with your leads before you ever promote your company. You must position yourself as a leader, provide them with a funded proposal, and establish in their mind that you offer tremendous value. Leave it up to them to decide that they want to join your company.
2. Not using your product. It is essential that you become an expert in your business and you must use the products or services that you are promoting, not merely talk about them. Get to know the benefits they offer and share your own success story of how they have improved your life. A personal testimonial is a persuasive sales method, do not waste this opportunity. After all, if you don't use the product then why would anyone else?
3. Procrastination. There are a myriad of tasks that you must complete each day in your business from marketing, to training, to speaking with your prospects. This is your business and you are only accountable to yourself. There is no boss looking over your shoulder to make sure you are working. You must learn personal accountability, take consistent action each day, and start with tackling the biggest challenges first.
4. Losing Focus. It is all too common for network marketers to jump from one business opportunity to another. The grass is not greener on the other side of the fence. Yes, you must select the right company to promote, but once that selection is made you need to focus on building your team. It takes about 6 months for most network marketers to hit their stride and really see growth in their business. If you are switching companies every year, how can you expect to create a large residual income and have people truly view you as a leader?
5. Failing to set goals. If you aim at nothing, you will hit it every time. Establishing both short and long term goals and them putting them in writing is critical to your success. An unwritten goal is merely a wish or a fantasy. Once you have established your goals, write out your plan on how to achieve them - be specific. Finally, set a date by which you want to accomplish the goal. Now you have completed something that only the top 3% of earners in this industry regularly do and you are on the path to success.
Related Tags: mlm, network marketing, mlm success, mlm opportunity, mlm tips, mlm help, mlm secrets
Your Article Search Directory : Find in Articles
Recent articles in this category:
- Advantages Of A Grind And Brew Coffee Maker
Should you really invest in a Grind and Brew Espresso maker? The answer is yes, having a Grind and B - Monitium. A Paradigm Shift In Network Marketing
As you may have heard, Monitium is representing a huge paradigm shift in Network Marketing. It is in - 55+ And Scared. The First In A Series On Making A Second Income
You've worked all these years looking forward to the day when you could retire. Now you are able to - Considering Starting A Home Based Business On The Internet?
I'm someone who has trouble working for someone else. I really hate long periods of routine and I ha - Is Herbalife Network Marketing Business A Scam?
You are on this site because you are thinking if Herbalife is a scam or not. Well you have come to t - So Why Are People Calling Herbalife Mlm Venture A Gimmick?
The people calling Herbalife a scam are usually the folks that were involve in the business before b - Mlm Training - Free Mlm Training Courses
We'll begin by dealing with the old saying "You get what you pay for". This implies that free things - Mlm Training - What Mlm Training Do You Really Need?
MLM and Network Marketing can be a very confusing business. That's mostly because there are low entr - The Top Mlm Recruiting Strategy: Mlm Recruiting For Top Earners - Mlm Recruiting Success
When it comes to MLM recruiting, there's a right way and a wrong way. But, most people only know the - Adzzoo Review - How Could This Improve The Page Rank Of Small Entrepreneurs?
There are so many network marketing companies online and let us see about one of them and their prod
Most viewed articles in this category:
- Work at Home Mom - How to Find Time for Your Business
Any work-at-home-mom will confess that owing her own business is as challenging as it gets. While th - Is A Home Daycare The Answer For You?
In America today, it takes two incomes in most cases to live a regular middle class lifestyle. This - MLM Online Tips and Tricks on the Internet MLM Trade
Copyright © Jagraj Gill http://www.payitforward4profits.com/jaggiegill There are two main th - How Do You Win At Home-Based Business? Hit The Floor Running
Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion... or - MySpace Just for Fun
There are many who take advantage of the MySpace community for business purposes such as advertising - Gone Phishing and your the fish!
Believe it or not, there are rascals inhabiting this very planet, their consequence emanates from un - Is A Home Business Right For You?
You should have motivation if you want to succeed as an entrepreneur. Motivation comes naturally to - How to Promote your Network Marketing Home Based Business
Copyright © Jagraj Gill http://www.payitforward4profits.com/jaggiegill The key to any networ - The Tax Grind
As an owner of a home based business, a person is also responsible for keeping track of everything t - Meeting People on MySpace
The process of meeting people on MySpace is extremely easy. MySpace is an online community which enc