There are many articles that have been written letting us know how to succeed at MLM or network marketing. There are no articles that tell us how to fail at MLM or network marketing! There are four things that you can do to guarantee that you will fail in any MLM business! These 4 things are like puzzle pieces. If at least one of them is wrong, the puzzle won’t work!
The first thing that can lead to failure in your multi-level marketing business is choosing a company with the wrong product to promote. If your company has a product or products that can be easily purchased at the local grocery store or drug store then chances are the products are not unique enough to keep people coming back for more.
Another type of product that can help you fail in multi-level marketing is a “me-too” product. If there are more companies that have the same type of product then you become a “convincer” rather than an “inviter.” The more product competition that you have the greater the risk of failure in your business.
The 2nd piece of the puzzle is finding a multi-level marketing company that has a strong compensation plan. If the company does not have a strong comp plan then you have increased your chances to fail in business. May people get so excited about the great product in their new company that they forget to really analyze the compensation plan. That is a huge mistake. Don’t just assume that all compensation plans are the same!
The third thing that can lead to failure in your multi-level marketing career is choosing the wrong team. Once you have found a company that you feel has a great product and a lucrative comp plan you need to search for the right team to join. Many people join friends or family members in their business. That is only a good idea if your friend or family member is serious about building a multi-level marketing empire.
The final puzzle piece that has to be right is the lead generation system that you use. Most people begin and end their multi-level marketing career only talking to a few family members and friends. That is the extent of their lead generation. Believe it or not there are thousands of people who are looking for an opportunity every single day. These are the leads that you need to focus upon.
The four things that can lead to MLM failure are choosing the wrong product, choosing a company with a weak compensation plan, joining a team within the company that is not on fire and not using a good lead generation technique. Think of these four things as part of an MLM success puzzle. If any of the four puzzle pieces don’t fit then there is an increased chance of MLM failure!
Deanna Martin is a full-time network marketing professional dedicated to helping others achieve maximum success! You can Uk marriage visa watch Deanna’s videos on this subject and other subjects by visiting Uk marriage visa Deanna Martin’s Home Biz Site right away!