They say you can't win if you quit while you're ahead. Those words that encourage plenty of people to, well, not throw in the towel. When someone doesn't like their job, they're more or less considering quitting. They don't have to quit, though.
MLM Network Marketing: feasible or not?
Multi-level marketing is perhaps one of the fastest growing industries within the last few years due to the economy. People are losing jobs left and right, with no other alternative. Many are looking at Network Marketing as a median of generating an income to support their families.
The MLM business model allows the average person with no prior or specialized training and experience, to come in and leverage a system and have immediate success.
Now, let's get into why people quit the business. The fact of the matter is that 4 out of 5 businesses fail within their first year. While 3 out of 5 fail within the first 3 years. It's pretty easy to see why a lot of people quit. Just like any other business, MLM is no different.
People who are involved in MLM Network Marketing for the first time should not quit. Especially when they have already invested time and money into their MLM business. If they quit now, they may potentially cost themselves millions.
Anyone that comes into the MLM Network Marketing arena has the potential to make 6 or 7 figures within a few years. Not everyone is cut out for this type of business. Some will harbor and persevere and take their MLM business all the way to the top.
Most home based business owners, however, don't tap into that potential. As part of the MLM Network Marketing business model, part of what it takes to succeed is to recruit and share the products. At the same time, leverage their efforts off of the people in their organization.
They say that within the first year of growing a large organization, at least 50 percent of the reps will drop-out. Within five years, around 90 percent will have potentially left the company or quit the MLM business all together. By the ten year mark, less than five percent of the people are sticking around and earning it out. In case you didn't catch it, it is a numbers game.
Without the combined efforts between you and your organization, true time freedom will not be an option. That is why it's important to work together as a team.
Promoting a sense of solidarity between yourself and your team will have the potential to take your MLM business to the next level. So, don't quit, don't be afraid, just go out there and have fun!
Now it's your turn, have you experienced people that have come into your MLM business and quit before they have reached their potential? I would love to hear your comments and I look forward to reading them!
To your Success,