Saturday, March 5, 2011

MLM Work From Home - Avoid the pitfalls to be a success at MLM network marketing

You have a business opportunity and boy are you excited!  You dream of all the great things that will happen when you are successful with your MLM work from home opportunity and you are up and positive and eager to get going.  So you start talking to people.

Pitfall #1      Your sponsor tells you to make a list of everyone you have ever known, family, friends, the mailman, your pastor, and anyone else you know by name.  You are excited and think all these people, including your closest friends will want to be in it with you. You are doing them a favor by inviting them in to this mlm opportunity with you.   After all you are going to be rich and you want to take your family and best friends with you.  But somehow they all one by one aren't interested, and some are actually offended you even asked!  What happened?  They have no interest in network marketing MLM.  Some even laugh, to some it is a pyramid scheme, some just don't want to work, and many don't want their own business!  DON'T BOTHER FAMILY AND FRIENDS WITH THIS NEW BUSINESS, WAIT TILL YOU ARE SUCCESSFUL, THEN LET THEM ASK YOU WHAT YOU ARE DOING.  Now you have a receptive audience to talk to.  Don't try to sell apples to someone that hates them and prefers oranges.  Don't take it personally, they just don't get it yet, and may never get it.  Don't get stuck on them.

Pitfall #2      You've used your friends and family up, no one left to talk to, but you are still all excited. You need leads!  You are going to be just like that person they told you about that replaced their income in 3 months and quit the job and took off for an island vacation in the Caribean for a couple of months.  Your sponsor or your company has leads for sale, the better they are the more expensive they are, some are opportunity seekers that inquired about your company, these are gold!  For the company and your sponsor that is.  What you don't know is they are making more money from the sale of leads than from network marketing.  If the leads are so great, why don't they use them themselves?  You are your best lead source.   There are many  free or nearly free sources for leads that are optimized and targeted for a MLM work at home business.  You need a lead generation system that you control and can use to find and keep track of people that want to talk to you about MLM.  DON'T BUY LEADS!  They do not work.

Ptfall #3      So now what.  You aren't quite as excited, you have been told no many times, and yes very few sometimes not at all. How do you keep that enthusiasum going?  This is where alot of people quit before they even get started.  Get hooked up with a mastermind group.  What is that?  It is a group of like minded people, not necessarily in your company, but interested and successful in the MLM work from home industry.  Find a mentor, someone that has your best interests at heart, ABOVE THEIRS!  Getting hooked up with a group like this will hold you up through the difficult times when things just aren't going the way you want them to.  You can't build a MLM business all by yourself. DON'T TRY TO DO THIS BUSINESS ON YOUR OWN.  Take advantage of others experience and learn from thier mistakes!  Become a student of the industry  Take the time to build it strong, and build it once, build it right. Build it for your children and your children's children.  It is a great business, and you can do it with the right tools and encouragement.

Pitfall #4     Your company has the greatest products, they are going to cure the world of disease, or replace the utility company at a fraction of the cost, ect...   Every company has great products or they don't stay in business.  You are looking for a way to make money, if you love the product, great!  You can always buy it when you have your business up and growing.  Take a look at the comp plan and the policies and procedures, and know what you have to do to make money.  DON'T  JUMP IN UNTIL YOU KNOW WHAT THE OPPORTUNITY IS.  How many people do you need to make 10,000 a month from residual income?  Does the company have a non renewal clause, that is can they cancel your contract and in effect 'fire you' if they want to down the road?  You don't want to build something that can be taken away once you have that walk away income.  Listen to this audio if you want to safegaurd yourself against this ever happening to you.

With the birth of the internet, we have instant information, but we have to pay attention to where the information we find is coming from. There are so many promises made in the name of MLM that it can be hard to seperate the truth from the hype.  Become a student of the industry and find out what you need to know to protect yourself and make the correct decisions to safegaurd your business and future.  If you were buying any other kind of business, you would take the time to investigate the industry, You would talk to people that were successful in what ever you are going into to see just what they had to do to get there. Do the same with your search for and MLM work from home opportuinity.  I found Mentoring for Free. They do just that, mentor for free with no agenda. You need to find a group like this to learn from and lean on.  It takes a mastermind group to be successful with network marketing.  Find your group of like minded people and find what inspires you to keep you going when the going gets tough, learn about the business you are or have entered to avoid the pitfalls and you will succeed in network marketing.

3 comments:

  1. If you want an source for inpirtion or want it for some one else, check out this website: simpletruths.com

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  2. Indeed so - it takes a lot of knowledge and information to have a good basis online! Good summary of pitfalls!
    Thanks for sharing
    Frieke Karlovits

    ReplyDelete
  3. Hi , I Fould your link in bing.com ,Nice Blogs You write I have Bookmarked itwork from home

    ReplyDelete