There are many MLM—Multi-Level Marketing businesses to choose from, but not all of them are equal. Often the people at the top are earning the big bucks, while the small guy gets stuck at the bottom. There can be many choices to make when you wish to start your own business, and no one wants to get stuck making the wrong one.
Working from home, or from your own leased office, can be fun and rewarding, so you don’t want to make a mistake that will send you back to that graveyard shift working for someone else.
Here are the reasons why you’ll fail at your MLM network marketing business, including the Pareto Principle, and, the best solution at the end. There are better alternatives out there that you just need to find. But fortunately, we do all the work for you.
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Learn About the Pareto Principle
Many people in this profession have failed for a couple of decades until they learned how to make MLM businesses work for them. This begins with a solid understanding of why business ventures fail. In MLM business, there is something called the Pareto Principle that has some significance. This is perhaps the number one reason why you’ll fail in your new business enterprise.
Often the number one mistake everyone makes is due to the 80% to 20% rule. (80 to 20 rule). About 80% of the effects come from 20% of the causes. But, what does this mean? You can build a business from 80% of people who are not salespeople, and they will fail, as they don’t know how to sell.
Failure means that they either don’t get the sales, or they toss in the towel. Sometimes it doesn’t even mean it’s due to failure, it may just be because they’ve found something else to focus their time on. They just quit because they’ve forgotten about it.
Surprisingly, the Pareto Principle is applicable to EVERYTHING in life. It’s not just starting a new MLM marketing business venture, it’s also applicable to starting a new exercise program, or going back to school, starting a new diet, or even reading a new book. Can you believe that 80% of people will fail at even the simplest of ventures?
This is more than a business statistic, it’s actually a human statistic! The Pareto Principle may also have some other names, including the law of the vital few, and the principle of factor sparsity.
This can also be noted in terms of land ownership. About 80% of the land in a city is owned by 20% of the population. Or, that 20% of the garden will contain 80% of the produce. And in business, 80% of your sales will come from 20% of your clients.
It’s a weird mathematical principle influenced by natural laws, and best understood by economists. This rule can actually be applied to pretty much anything.
How Does the Pareto Principle Relate to MLM Businesses?
It’s worse than you think. It’s more than 80% of people who will fail, it’s actually around 90% or more. For example, if you have a team of 1000 people, about 950 of them are going to fail. After a few months, 950 aren’t going to be making any money.
If there is an auto-subscription plan for the MLM business, these regular everyday business people wannabes are on the hook for $180 per month for a product that they don’t fully believe in. Their stock accumulates in their garage until they say that’s enough, and quit.
The business may be messing up their budget. They may have been excited by the recruiter, but now the boxes are stacking up, and the credit card bills are going up, and they want to quit. In this business example, about 750 people are gone in the first few months. This leaves you a business of 150 people.
Yes, it’s hard building a business. You’re bringing people in, and then watching them go out the back door after a few months. If you’re familiar with network marketing, you’ll understand what we’re talking about it.
Some people have been doing this for years and have no residual income, because, it’s a revolving door. Even for people who are succeeding, they find that the checks slowly dwindle over time.
Then what happens after that? You must ask this big question. After all of this, what do the consumers think? They’re spending money and consuming the product, or not. It’s going to cost you everything and make you lose your business, and make you fail.
What’s the Good News?
The good news is that it’s 20% of your sales or 20% of your clients that are going to really matter. Before taking on any new venture, you need to look at the numbers and see if this amount is going to be of benefit to you. This also means that you need to be on the side of the equation that is the successful 20%.
Is Being a Quitter a Bad Thing?
Being a quitter is a derogatory term, no matter the type of industry. However, it’s not necessarily a bad thing. You may currently be involved in an MLM business venture that you’re not pleased about. It may be a good thing for you to quit right now!
Many MLM businesses claim that they have the best products, the best team, and the best business model, on top of a great compensation pay structure. But that may not necessarily mean that they’re the right MLM business for you.
What You Need to Know Before Commitment
Yes, it’s true. Most people fail in network MLM—Multi-Level Marketing.
Take a look at your group. Will your consumers keep on consuming your products over time? Do they love it, and will they keep on buying it forever?
You’ll get emotional as you’re on the roller coaster. You’ll appreciate knowing this information and sharing this information with your team. Whatever business you think of doing, ask for proof first. Ask for a business report. What’s the retention like, and what’s the reorder rate? Look at the numbers over a sample size, for example, 10,000 or 20,000 orders, or more.
Is this a reality you want to embrace?
You also should know that if you wish to be in the top 20%, that you must never quit. You have to keep on going, no matter what. But, what if there was a way to help you to benefit from the successful 20%, rather than just leaving it to a mathematical formula and chance?
What Do You Want Out of Your Home-Based Business?
Most people can agree that working from home is the ideal situation, with the ability to earn a good income and to have an adaptable schedule. The trouble with many of these MLM businesses is that their business practices may not involve any of your top three goals. They take you in a different direction than expected.
Most MLM opportunities tell you that you can work from home. However, you’ll soon learn you need to go out prospecting to get people to join your business. You may need to attend networking events, or even bring products to people’s home for a demonstration. You may have to do it on their own time, so there go your evenings and weekends. You may be working from your home, but you’re not working at your home.
Many MLMs offer some great incentives, but they don’t pay the bills. And, you don’t have any time freedom, as you must work whenever your team or your clients are available. If they have 9 to 5 jobs, then there goes your evenings and weekends too.
Most people also make the mistake of thinking that once they set up their business that they can just sit back and think the money will come in. That’s a false assumption. You must keep on working in order to bring in more income. And if you want to earn more income, then you must work around the clock. That can lead to a lot of misery.
The Truths of Small Business
Have you ever heard the phrase, “selling the dream but living the nightmare”? There’s a whole lot of truth to that phrase when you’re running your own small business. You could end up spending a lot of time prospecting, recruiting, and selling, and training and coaching new people.
This involves emails, telephone calls, networking at conferences and events. And don’t ever forget about the backend of running your business, keeping the books, and filing. You could do all this stuff, then see your team players quit. Remember what we said above. The majority of people will quit.
So, if you decide to quit whatever MLM you are running right now, you may be a quitter, but it may not be a bad thing. You’ll still have your dream of creating that freedom lifestyle that you really desire. You can hit on all of your top three goals with the right business opportunity.
Yes, you may need to course-correct in order to find the best solution for you.
So, What’s a Better Solution? Allow me to give you my recommendation
There is a better solution to the usual MLM business, you just have to find it. Our solution for you to get involved with is Enagic, which is a better alternative than anything you have seen before.
Here are 4 reasons why you need to stop and take a hard look at Enagic. This company is designed to help you avoid some of the common pitfalls that can make you fail.
1. No auto ships.
Many MLM companies require you to pay for a monthly subscription. This keeps your membership active, as well as providing you a steady supply of products. But the downfall is that over time, many people simply can’t afford to pay $50 to $400 plus per month for fees. If you sign up for Enagic, there are no monthly membership fees. You’ll also not have to worry about products quickly filling up your garage.
2. Samples are free.
You need samples to help you sell the Kangen water ionizer system. You will also be provided with an unlimited supply of fresh Kangen water. Imagine never having to pay for samples ever again!
3. Never lose your rank.
You don’t lose your rank in the Enagic program. Once you achieve a rank, you are there for a lifetime. There are no caveats at having to sell a certain number of products or recruit a certain number of people every month. Losing a rank can be a frustrating process with other MLM opportunities, but something you never have to worry about at Enagic.
4. No money? We have solutions!
One problem that can hold back many people from succeeding in business is that they don’t have any money to start. Enagic has solutions for people who need help at startup. This is also the perfect solution for those who don’t wish to be out of pocket either. Enagic has financial solutions to help you out.
Are You Ready for the Support to Succeed in Your Own ‘Work from home’ business?
If you made it this far, it tells me that you are looking to join Enagic.
As can see from my blog posts, you can tell that I’m very passionate about Enagic.
I’m also very passionate about the industry and I love helping people.
If you found this information helpful and valuable, I invite you to take a deeper look at the Enagic opportunity.
This opportunity has served me very well and it has not only changed my finances but it has kept me healthy.
If I can serve and support you in any way, you may contact me here.
Aside from that, click here to learn more about the Enagic opportunity.
You will not regret it! 😊