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raaron
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Joined: 24 Nov 2008
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#141 · Posted: 28 Nov 2008 05:45
I personally see the reason for failure by most people comes from the lack of knowledge and that they completely give up too easily. If people stayed consistent and had patience, then things would start to manifest and become very real.
Massive Action = Massive Results
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WARRANTIES4LESS
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Joined: 20 Feb 2008
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#142 · Posted: 28 Nov 2008 13:58
Agreed,
It always amazes me how many quit before they begin, and I suppose this why so many fail and why the percentages thrown about are so high. If people had to sign a contract to continue like they do with cell phone contracts for two year, I would bet the numbers of failures would drop dramatically.
Most people don't take MLM seriously, and as with any business, if you are not serious, then you shouldn't be in any business, including MLM. If every MLM mandated a 2 year commitment, I would be the industry would see better results. lol
Success to all, Mike
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fgarchinger
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#143 · Posted: 29 Nov 2008 16:07
Good that in Europe things runs different and it works perfect here. For sure you dont have 100% winners, as in normal life. But lot of people are successful and alot of people likes to make some extra money, especially in times of financial crises as we have now. Not everyone wants to be millionaire, some only wants to make their live.
I am looking forward how things turn out with a product, very successful in europe, starting the US market in 2009
Best regards from Austria
--
Franz Garchinger
PanterraPro
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BHp
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Joined: 10 Oct 2008
Posts: 46
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#144 · Posted: 1 Dec 2008 11:41
I see hype as an indicator of system health. Mlms, to be sucessful, largely depend on hype. Hype doesn't sell product, hype sells memberships. Quality sells product. Bottom line - mlms members are largely unsuccessful because of hype, not quality product and good commission on sales. I have been convinced that there are quality product mlms out there, but the mlm name brand has been largely tarnished by the bad majority, who use hype and emotion rather than a sound quality product.
Back to a previous point, college, while it does have a noticible drop-out rate, has a "quality product" - that is, a product that will serve you and the community well. Appreciate the input, all.
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WealthDelivered
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#145 · Posted: 8 Dec 2008 00:51 · Edited by: WealthDelivered
Great posts....
So true about Attraction Marketing. That is just the piece of the puzzle that so many are missing. Thank God I learned early on (well after several MLM failures) that Attraction Marketing was the difference between success and failure. It's not hard to do but it does require one to get out of their comfort zone. Do people want to do business with you becasuse of YOU or the product? Well, there is most likely a ton of people marketing that same product so prospects have to like you and see benefit to working with you.
I think a lot of people use the face and name of their mentors at first because they don't have their own success story. That could be a very costly mistake. Who do you think people will choose, you or the guy on your website making a $100,000 a month? Start learning Attraction Marketing techniques and you can teach them to your team. It makes a world of difference. If you look at my website theres nothing special about my videos but they are of myself just speaking from the heart. It's given me good results.
I know a great place to have a landing page built for cheap that you can personalize. Generic company websites in my opinion just don't work that effectively. Look at anyone making money online--they are not using the stock company website to promote themselves and their product.
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rossparker
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Joined: 13 Dec 2008
Posts: 1
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#146 · Posted: 13 Dec 2008 13:53
WARRANTIES4LESS: The lesson I learned was never to put all you eggs in one basket, so this was one of the most important lessons I learned with regards to MLM.
Yes! That is a major lesson to be learned. I have learned to have a few MLMs going because you never know what's going to happen to one of them. I was with ITV Ventures earlier this year and one year ago, if you would have asked me, I would have said it was the perfect Network Marketing company and that I would never need another. Actually, I was channeling all my time and energy into that business and doing well for a time. But Google the name if you don't know happened with them, but the short version is they completly collapsed. From that point on, I knew I would have to spread my time among 2 or 3. Right now I have 3 going and that's keeping me pretty busy. Of you people who have multiple MLMs going, how many do you have? How do you phase them?
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vibrations
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Joined: 14 Dec 2008
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#147 · Posted: 14 Dec 2008 04:17 · Edited by: vibrations
hey danny! is 3% top working for you at all?
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Chapatoni
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Joined: 20 Dec 2008
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#148 · Posted: 20 Dec 2008 12:17
Sounds Like good advice. I think also you need to ensure you have good upline - make a strong connection with someone above you who has achieved some real income and with their help duplicate their actions. This means you need to do your due diligence, not only in the company but the people you will be working with and the methods they use.
Networking is fun when you find a company, product and partners that you are comfortable with. Then go for it and remember it is the "long game" you are in. It is not a quick fix but it is a fix!
To your abundant success
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amytaxs
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Joined: 5 Oct 2008
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#149 · Posted: 13 Jan 2009 10:18 · Edited by: amytaxs
Ya Chapman I agree You need to have a good upline someone you can see is making it work I'm curios have any of you heard of the Berry Tree I haven't seen any mention of it here
That's an interesting comment rossparker about having more than one MLM going at a time did you start one, get it going , then move on to the next
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Cash Gifting
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#150 · Posted: 20 Jan 2009 17:04
Yes, the MLM Industry's own statistics put their failure rate at almost 99%! I feel this sorry stat will improve as folks learn that chasing doesn't work but having them chase you does.
Adding value is very important. I give prospects tons of free marketing advice, no fluff...just useful, pertinent tips and stategies that work. Initially I don't even mention my main work at home opportunity in my marketing materials or emails.
I want them to get comfortable with me as I fill their minds with one beneficial marketing technique after another. I hope they feel that I truly care about their success because that is my intention. I'm always open, honest and helpful.
This along with daily marketing plan discipline has grown my list. Of course the money is in the list but it's vitally important that your list be populated with folks who trust you, your advice and recommendations. You gain that trust by being yourself, offering great content to help your list succeed while always educating yourself so you will honestly offer the very best to those looking to succeed in a work at home activity.
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brandon123
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Joined: 28 Jan 2009
Posts: 18
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#151 · Posted: 28 Jan 2009 22:45
web20mentor: But why? (If you have failed at MLM, you don't get to answer here...we know you hate it and you want to make sure that everyone knows that your failure had nothing to do with your inability to gain enough mental leverage on yourself to do what was necessary to figure out an effective sales and recruiting approach...we have heard it 1,000,000 times already...we got it) Regardless of how I feel about people's sudden lack of personal responsibility when it comes to failing at things, the sad fact remains that 97% are failing. So while I am not one to buy into people's excuse-making, I also know that the basic business model is pretty messed up if your getting results like that.
I feel the exact same way. People always want to blame the program for their lack of ambition and determination. The truth is that anyone can make as much money as they want to within any business venture. They just have to decide whether they are going to put the time and effort into in.
Brandon
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Zacman
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Posts: 4
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#152 · Posted: 30 Jan 2009 22:04
brandon123: I feel the exact same way. People always want to blame the program for their lack of ambition and determination. The truth is that anyone can make as much money as they want to within any business venture . They just have to decide whether they are going to put the time and effort into in. Brandon
Any business Brandon?
Come on, the vast majority are scams. The only value to 99% of network marketing opportunities is that they will teach you what not to do online. LOL
Check out almost any sales, squeeze, or capture page and for crying out loud they all look the same.
Make x amount in x amount of days, weeks, months etc.
I made x amount and you can too. etc.
Is your MLM not working for you? etc.
Are you tired of working for the man? etc.
Any of this sounding familiar?
OK,
Now there is more,
Sites that tell you that 97% of network marketers fail because they follow the old methods of offline marketing.
Duh,
I'll give you my opinion, as I'm not one to put on aires.
Most companies suck, their products need a scientist to explain, and they won't let you make any claims about their products because it is against the law!
OK, I want to get involved with a company like that. NOT!
Some even won't let you join multiple MLMs to diversify your income streams.
Others are so blatantly pro company they promote marketing crap like over priced business cards, brochures, upgrades, co-op ppc you name it!
Did you know that it is not uncommon for companies to make more money off their members/distributors than from selling their actual product?
Yes it's true!
Do you know what the answer to all of this is?
Get a good company that appeals to the majority of the population.
Don't buy add on promotional material that is over priced.
Get involved with a team of people who know what they are doing and not only will help build your downline, but will help mentor your signups and teach them how to succeed.
OK,
Rambled enough,
BTW,
Nice to meet everyone.
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moopsi
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Joined: 30 Jan 2009
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#153 · Posted: 1 Feb 2009 16:11
the real problem is simple, it's laziness. most think you can jump into it and have money flow instantly and when it doesn't, they give up.
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mr127500
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Joined: 13 Jan 2009
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#154 · Posted: 5 Feb 2009 21:55
Finally, some people speaking with conviction, I love it. Of course people fail in mlm, for the same reasons that only x amount of people move up in organization and only x amount of people become ceo's. BEcause its not easy, its a tough job and unless you have the fortidutde to treat it as such(a job) and not a get rich quick, you have failed already. Great posts folks. Thank you!
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MoneysLikeWater
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Joined: 20 Feb 2009
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#155 · Posted: 21 Feb 2009 00:14
Nice post!
I agree 100%!
You notice how the people with an advanced skillset make it while the others just hop to the next opportunity.
The reason in my opinion is because people don't understand that you need to improve in the things that it takes to be successful in "NETWORK MARKETING"
Selling skills, marketing, public speaking, marketing, leadership.
Notice I said marketing twice. But most people get into network marketing hoping it will solve their money problems and then they don't become the type of person, leader that it takes (with that advanced skillset) to make it.
Knowing your market is so huge too i agree.
Going up to people in the supermarket, gas station is like going door-to-door selling dictionaries.
That's it for my rant.
But yeah, knowing your market and learning how to market to them is big.
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websmarts
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Joined: 21 Jan 2009
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#156 · Posted: 21 Feb 2009 08:09 · Edited by: websmarts
This is a great post because it gets right to the point.
Everyone works on on a different motivation level.
What we need to do more of is finding out what our clients big WHY is. When we do this we start to show them what they have to work for.
I think we need to treat everyone this way initially because we never truly know who will be our diamond in the rough.
I continue to work with all my prospects this way, and I know that when they give up they are not giving up on me, but on their WHY and I can't change that
Keep up the great posts
Mike Weiler
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gregfleming7
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#157 · Posted: 22 Feb 2009 15:42
I think the biggest problem with network marketing / mlm is that there are tons of great products out there with sucky pay plans (or just too difficult to understand and share) or there may be really awesome compensation plans but when you boil it all down you're selling a "program" and not a "product". Very few companies have put together a product that appeals to the masses and a payplan that can make an average person a substantial income. Find a product program with those two combined and you'll easily make your six figure income. Whenever I look at a product/program, I always ask myself, "okay Greg, if no one EVER buys this from you, are you better off USING the product than you were before you started?" The answer should always be YES.
To everyone's success!
Greg Fleming
ProxyCommPros Team
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kitsune
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#158 · Posted: 26 Feb 2009 01:29
web20mentor: What is the definition of insanity? nobody wants to use the "attraction" marketing model. They choose to use the "chasing" model.
Heh, I think you've answered your own question.
I think the failure rate in MLM speaks exactly to what you've said. It seems to me that often the businesses/companies using MLM to promote themselves are the ones perpetuating the stone-age marketing ideas that get people into that land of frustration that you hear about all too often. And to me, that perpetuates, to a certain extent, industry-wide, that you don't have to do any work. Why they want to do the work for the "chasing" model (as you correctly named it) over the attraction model is out of my intellectual reach.
Be well.
Christopher
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PaulM
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#159 · Posted: 25 Mar 2009 10:35
Danny, You have hit the nail on the head. Like I've heard before, most of us are bad at this when we first start, but we don't have to stay there. If we want to become better, we MUST develope ourselves and work hard to learn what we need to do to become very successful. Many of us were not entrepreneures when we started but have a chance to become one by learning from those who are.
Thanks for all the good comments!!
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diannakelly04
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#160 · Posted: 7 Apr 2009 16:21
This is such an amazing thread that I put together a summary to share with my team. I thought it would be helpful to post this summary here - it's easy to miss some of this important information (forgive me if I missed anything in my summary):
The traditional MLM strategy is to teach inexperienced distributers to chase down their target market. These distributers are not trained to identify their target market because they are told that anyone is a potential customer. They are then trained to "sell" the business to other distributers by focusing more on the potential income than the product.
MLM distributers are attracted to MLM because of the low cost of entry. This lack of investment can lead to a lack of commitment. When they find out that it is actual work to run the business it is easy for them to walk away from their investment.
You don't have to 'do MLM' the way it has always been done. You don't have to hound your family, friends, and everyone you come in contact with to try to build your own income.
The solution to the traditional MLM strategy is to treat your business as a business. Identify your target market, then "add massive use value to your market." Adding massive use value is about finding your passion and having as much fun doing it as you can. When you teach others how to improve their lives, they become fans and fans want to do what you are doing.
Adding massive use value is different for everyone. Everyone has something that makes them unique. They should use this uniqueness to add value in their target market.
Some ideas for adding value:
� Give away free samples.
� Teach � anything!
� Train people to succeed before they pay you any money.
� Do testimonials for people you want to meet or network with.
� Do a weekly Q & A on something you love talking about
"It doesn't matter how many people you know. What matters is how many people know you." Once you have added value to your market, people will come looking for you (attraction marketing).
The NEW definition of marketing is the process of adding more in use value than cash value received with the intent to inspire, empower and build long term relationships based on the needs, wants and desires of others and not our own. Have fun, follow your passion and serve others without any connection to what they can do for you.
Network Marketing is about creditability. If you give your customers expertise and advice in addition to your product you will be far more successful. To do this though, you need to be an expert. You must increase your self-value by educating yourself with useful information. Focus on selling skills, marketing, public speaking, and leadership.
Do not try to be like your upline. People cannot be replicated, only the process can be duplicated. Think of who you'd most like to work with and then become that person Work more on improving yourself than your business, then consistently work the system. Once you have branded yourself you will have positioned yourself as a leader in the field.
It is our duty as mentors - people who have been there, done that - to be available, to act with integrity and to share our tips and tricks of the trade freely with anybody who asks us for help and to warn them of any challenges they might have to face ahead. Understand the "why" of the client/downline so you understand what they are working for. If they give up, they are not giving up on you but on their "why."
It is impossible to be successful as a new entrepreneur without some hard knocks and set backs to learn from, however most people let their fear of failure overcome their desire to succeed. If you commit to a person before they buy into the program, you are adding value for that person and they will be more committed to the business.
A good MLM opportunity should meet the following:
1. The company's management team must be composed of currently successful leaders who have the highest level of personal integrity and who have proven themselves in the field.
2. The company must be strategically positioned and poised in front of the trends currently developing in the global market.
3. The line of products must be remarkable enough to grab customer attention. They must do what they are designed to do. And they should be products that people would buy even if there was no business opportunity attached.
4. The company must have a compensation plan that pays the part timers well enough to make it all worth their while and the full timers well enough to achieve their dreams.
5. The company must have a simple, repeatable system in place that trains new distributors. It must attract prospects and convert them into customers and distributors.
The number 1 reason people quit MLM in the first 30 days is that they don't see the money coming in as fast as they had expected. To avoid this, your downline must be trained in marketing and what it takes to run a business. They must understand that they have to deal with rejection and that they must build credibility before they make significant money.
For additional security, don't invest solely in 1 MLM � you have no direct control over the overall success and failure of their company.
Finally, create your own definition of success. If you spend the rest of your life believing in your dream but never actually have millions of dollars...have you failed?
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