Top Five Reasons Why Most People Fail at Network Marketing or MLM businesses and How You Can Avoid These Pitfalls to Achieve Financial Success

 We All Want the Same General Things

Like everything in life, people and things make us happy. Whether it is our family, friends, co-workers, a nice house, a nice car, vacationing etc. The People are free but having "things" cost money. And some things that we want in life are not within our reach because of the limited income that we may have. In today's economy relying on a corporate job for stability in contributing to our financial well being is a thing of the past. We have to look out for ourselves. One way to do that is to have a flow of low risk alternate forms of income. Most people do this through home based business opportunities.

Low Overhead, Be Your Own Boss

The great thing about network marketing companies is that you as a distributor get paid to share the company's products and services. You do not have to create or produce the products, you do not have to create the literature about the products and you certainly do not have to worry about overhead costs. Most network marketing companies offer commissions based on sales made and also offer multiple levels of income opportunities. This can mean the potential for a substancial amount of money being paid out to the company's distributors. The great thing is that it is your business and you can go at your own pace. You are truly your own boss and can do this business in your spare time and at your own pace.

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Is it Really That Easy?

The simple answer is Yes and No. The Key is having the right opportunity, the right team of people behind you for support and the right tools and resources to leverage your business. I will explain what I mean by this below.

So Why Do Most People Fail

1. People present their opportunity to the wrong audience. (sharing the opportunity with friends, family and the strangers you meet at the grocery store is not enough. You will be left with feelings of rejection and ridicule as one by one people keep saying no to your opportunity and stop returning your phone calls).

2. People think that word of mouth advertising is the best way to promote their business and are missing the boat on one of the most important resources available. (Tapping into the internet and social media has the potential to reach millions of people from all parts of the world. This is the best way to find people "who are looking" for your opportunity.)

3. People fail to recognize that people want solutions to their problems and not necessarily your opportunity. (You need to learn that your business is not about your wants and needs. You are here to show people how your opportunity will help solve their problems. You do this by putting the needs of your potential customers or prospects first and not your own. Ask them questions to find out how additional income may provide them with benefits to go on that dream vacation, pay for their children's college, retire early, buy that vacation home etc. The key is building trust and showing them that you are a person they can count on.)

4. People give up on the opportunity before they even get started. (Hearing people say no to your opportunity especially when it is coming from friends or family members, which are the people that you trust the most, can really leave you feeling empty inside and confused. The excitement that you had when you first got into your new business slowly drindles away and it is hard to get it back. But their is hope. If you are serious about earning extra income through your business then you need to make at least a 6-12 month committment.)

5. People treat their new business like a hobby. (You will fail at your business if you do not take it seriously and treat it like it is your own business. Set goals and do the activities that will help you achieve those goals. Hold yourself accountable. No one said it would be easy but the financial rewards of your hardwork can be great!

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Finding and Connecting With the Right Audience for Your Opportunity

As I mentioned above, the key to success is having the right people behind you and the proper tools and resources to guide you to financial success. The solution is leverage. And where can you get leverage is by marketing your opportunity on the internet. This is where you will find the right people "who are looking" for your opportunity. I have discovery a system that is automatically designed to find qualified individuals to take out the prospecting guesswork for you. Afterall, wouldn't you feel better if you were talking to someone on the phone who is actually open to the opportunity that you have to present to them. That is half the battle.

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