An Overview: What is MLM?
MLM Network marketing is the one greatest opportunity in the history of mankind for the average person without a lot of money to invest to become financially free. Network Marketing is the distribution of products and services through a network of independent representatives. Each representative is responsible to consume a small number of products. And recruit others to do the same. Sales volume is generated through a lot of people each month buying and selling a small number of products.
Commissions are paid based on training new distributors and the consumption of the products and services within the network. A company offering a product or service can eliminate the need for expensive advertising campaigns. By deploying a network of distributors and also get paid for sharing products they love with others through word of mouth. Network Marketing is getting paid over and over for working one time. Passive income and royalty income that comes in month after month.
Here are some of the reasons why people quit MLM
1. Early Expectation
Most of the time, the expectations for new Network Marketers are not set before they start building an MLM Network Marketing business. If you are working with someone that is brand new and has never built an MLM Network Marketing business it can be challenging. As a sponsor, expectations need to be set so that the new person coming in knows that it’s a process and that there is a learning curve that is associated with building an MLM Network Marketing business.
2. Lack of Purpose
As a brand new MLM Network Marketer, you have to figure out why you are doing the business, to begin with. If you answered for the money, and that is not a good enough reason why to do the business. If you are coming in and approaching this that it is the only reason you will quit and you will eventually fail, just like 90% of people out there that are trying to make money in this industry.
3. Poor Mentorship
Most of the time, a sponsor will be fulfilled in acquiring a new member and later on, forget about retaining and maintaining the relationship he established and must further with the newcomer. Often than not, stability is the bloodline of his or her’s organization and will lead to failure. When you team up with a sponsor who has success and experience, that in itself will increase the odds of succeeding in this business.
4. Lack of daily activities and goal setting
Most new network Marketers need to understand that in order to build a business, there needs to be an activity that needs to be met. If you are not going out there and promoting and exposing your business, your business will have a short life and will die in a matter of weeks or months. It’s important to have a daily method of operation, that you have set for yourself.
5. Zero Productivity their MLM Business
The lack of fulfillment can be caused by zero productivity. Indeed, you are working to earn something from it. You are responsible for the things you do and you need to be driven to go out and work to be able to achieve your goals. Just remember that how you do anything is how you do everything. Start small and do small daily tasks every single day that will lead you to more production. Always begin with the end in mind when you are out in the trenches while building an MLM Network Marketing business.