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wealthcreation
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Joined: 12 Apr 2009
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#161 · Posted: 12 Apr 2009 22:32
web20mentor: It's very simple. MLM'ers have not learned how to stop CHASING DOWN THEIR TARGET MARKET! For that matter, they don't even know how to assess who their target market really is! And even if someone does know how to define who their target market is, many will then go into that market with a big pile of business cards and their nice suit ready to put on a show:
I couldn't agree more, been there myself. Sad thing is that MLM companies bank on the unsuspecting to follow their outdated marketing systems. 
Most traditional MLM's ask you to call your circle of influence and post flyers around town. You can never succeed with these mthods of lead generation. These days it's all about the web.
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ouzo12
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#162 · Posted: 14 Apr 2009 10:21
Great article diannakelly!!!! I'll just add it to my favourites!!!
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profitweaver
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#163 · Posted: 20 Apr 2009 06:55
I think that choosing the right MLM opportunity in the first place is critical. Many that I have seen over the years have a short shelf life and all the energy you put into building these up for yourself is wasted.
Choose your business with care people!
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mrsforex
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#164 · Posted: 5 May 2009 16:25
I truly believe that affiliate marketing can work if you know how to do it. But honestly, I'm not a huge fan of it.. I do a little on the side of my main business and it does okay
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richfutureahead
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#165 · Posted: 12 May 2009 10:02
MLM can be a good opportunity for everyone. Unfortunately, only the top 10-20% succeed. I agree that people chase down their customers and don't really care of the needs of the customers but their own desire to succeed at others expense.
I joined one MLM company some years back but gave it up as I didn't like the way the uplines would "hound" and "stalk" you if you did not bring in new business.
Anyway, in my opinion, online business is better and more convenient. It give me the opportunity to spend more time with my family and now I have time to do what I really like.
Cheers!
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BHP
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#166 · Posted: 30 May 2009 23:25
You know what else is difficult? College. And yet 97% do not fail. This disproves the notion that 97% of people are lazy do-nothings. Sorry to bust everyone's bubble, but mlm is a faulty business model except for people who either start one, or have incredible manipulation skills. I would recommend getting a college education, and don't stop w/ just a B.A or B.S. Get a Masters of PhD. Your hard work will pay off, you will get paid for doing it, and you won't have to spend nights worrying about your downline.
Just my two cents. Any product that you will be required to purchase for being in mlm you can find on the open market for cheaper, and most products you will find that you don't need.
That's the part I have a hard time with - convincing people to get in on a 'business opp' when I know the product is worthless, and I KNOW 97% will fail (while I pocket the sign-up bonus).
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BHP
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#167 · Posted: 30 May 2009 23:32
Oh - and after you get a good job with your education (get a good degree - something in engineering or science), put $5000 or so of your income/year into mutual funds. You will build real wealth, and unlike mlm, which come and go, leaving their 'believers' stranded after 6 or so years, your mutual fund will stay. By retirement, you will have real savings.
You can make massive $ w/ mlm, but most dont. Treat your $ and time wisely.
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WARRANTIES4LESS
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#168 · Posted: 31 May 2009 13:44
BHP: You know what else is difficult? College. And yet 97% do not fail. This disproves the notion that 97% of people are lazy do-nothings. Sorry to bust everyone's bubble, but mlm is a faulty business model except for people who either start one, or have incredible manipulation skills. I would recommend getting a college education, and don't stop w/ just a B.A or B.S. Get a Masters of PhD. Your hard work will pay off, you will get paid for doing it, and you won't have to spend nights worrying about your downline. Just my two cents. Any product that you will be required to purchase for being in mlm you can find on the open market for cheaper, and most products you will find that you don't need. That's the part I have a hard time with - convincing people to get in on a 'business opp' when I know the product is worthless, and I KNOW 97% will fail (while I pocket the sign-up bonus).
Funny,
You want to compare college with starting a business and use the same old 97% failure rate, now that is brilliant, I can tell you have your PhD. lol
Like everything in life, if it is worth working for, it is worth having, and that applies to college or starting a new business, they both take hard work, dedication and sticktooitness. Would you like to tell us how many drop out of college before graduating? Quitters never win, and winners never quit, and this holds true with everything, not just MLM or any new home business.
Success to all,
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BHP
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#169 · Posted: 31 May 2009 14:48
I would love to tell you how many people drop out of college before graduating! - thanks for asking!
I've seen the drop out rate for college as high as 46% (54% who start end up w/ degree 6 years later). Shall we talk about return on investment?
Bachelor's degree - from $20,000 - around $80,000/ year, depending on you degree.
Masters - higher.
PhD - much higher.
There is no valid comparison.
Though drop-out rate of 46% is high, it does not compare with the 97% drop-out rate of mlm.
You have some money. Please don't fall for putting it into mlm! Even if you do get a big downline, your company will likely fail (go bankrupt), leaving a huge pile of people at the bottom who have put their $ on a sinking ship.
I am all for being positive and upbeat. But more than being positive and upbeat, I am all for being smart with your money.
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homebiz18
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#170 · Posted: 8 Jun 2009 01:07
i think you are right. 97 per cent failure rate is true. But how to find 3 per cent genuine people.
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AxelG
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#171 · Posted: 9 Jun 2009 04:08
What an amazing thread.
@Dianna Kelly, I really love your post, as it's just about what I teach in my free mentoring sessions.
Many people here put the blame on people to fail in MLM.
Well fact is 98% fail with MLM. But failure with MLM is not their fault! I can prove it to you.
If you join a company where the compansation plan is only rewarding the heavy hitters, gues how big your chance is to make money with that company. If a company has a retail and a wholesale price for products, guess why this is - to recruit people into the business instead of selling products to customers.
If you have to pay for training material, who's making money from that - the company or some heavy hitters!
If you come across a company and first thing they teach you is to make a list of friends and family, do yourself a favour, run away from them.
There is just a simple test you can do on your opportunity to find out if this is working for you.
Ask your sponsor or some one else in the upline this simple question: "How many people do I need on my team to make $10,000 residual income per month?" - The answer should be just a number! There are companies where you only need about 300 people to achieve that goal and companies where you need 2,000 or 4,000 or even 10,000 people to make that money. So I'm asking you, which company has the better compansation plan.
Failure in network marketing is not your fault! You are perfect just the way you are! 98% of the people fail in network marketing as they just don't have any chance to succeed with their company!
There are quite a lot of opportunities out there and most of them are scams, are pyramid schemes, are illegal.
So before you start a business think twice about the company and the products you like to sell. Would you buy this product if there would not be an income possibility included?
Take a look at these ebook scams! Is there any author at Amazon telling you: "if you buy my book you can copy it as many times as you like and sell it and keep all the money?" - of course not, no one would expect that. But why do you expect that this is working with an ebook unless the ebook is rubish, 10 years old and no one would read or buy this ebook anyway. So, how to make money with rubish? Just that simple, tell people it's worth a fortune and they can sell it for what ever price and keep all the money.
WOW that sounds great, doesn't it? Can you see the opportunity to sell your rubish to people.
I never met any guy who made enough money for a living from affiliate programs, selling leads, selling ebook licences, etc. - So why people think they can do it?
Indead network marketing is the only opportunity to earn unlimited income. You only need 4 things for that:
1. the right company
2. the right product
3. a proven duplicatable working system
4. you need to know, that building a business may take at least 12 - 36 months until you can become financially independent.
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executiveleads
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#172 · Posted: 10 Jun 2009 03:23
Mlm is bound to fail within' 4-6 months. I know this because I have been in several MLM programs. I make my money and pull out. That is what the guys on top do, so I try to follow their lead.
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BHP
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#173 · Posted: 10 Jun 2009 21:45
AxelG - well said.
executive leads - your post is why mlm is bad. you and your ilk leave all the people you RECRUIT RECRUIT RECRUIT stranded. shame on you.
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GlennELee
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#174 · Posted: 29 Jun 2009 23:50
I find one of the main reasons so many people drop out of programs these days is largely due to them waiting on or wanting someone else to make their business flourish for them. They fail to stop and look at the truth regarding any business in general. Businesses always take time and effort, otherwise it's not a business.
This is especially apparent in forced matrix programs. It's scary how many people will pay their way into a company with a forced matrix built in and then sit there collecting dust, not working at all. I've known people in a program called Revolutionary Matrix in which people will sign up and check everything out, then pay for a few months. After a while, after being personally contacted by system administrators, these people say, "Oh yeah, I haven't logged in for a month or so so I don't know how it's going."
I don't understand why people try to get into an online home based business but yet they don't log in often enough nor work it enough in order for it to be a business. The main reason I see failures happening in MLM is largely due to laziness, not just the lack of support from the upline.
Heck, sometimes the upline doesn't know what's needed in order to draw in the masses and these people that get underneath someone seem to think that this person they sign up underneath is supposed to be some sort of god when it comes to network marketing and even worse so when it's a forced matrix still.
There are some that also say, "Well, I haven't done anything because I don't know what to do in order to market." There are tons of people promoting completely free training sites open to the entire public with great information and they seem to overlook these resources quite often. Other times they get into said training sites and look at one thing, read a couple paragraphs then throw it out and judge the whole site by one single marketing plan or article amongst hundreds of articles.
My general experience though is laziness. Most people expect their business to be built for them or to be told this wonderful secret in MLM entirely that is such a best kept secret.
Here's the best kept secret the big hitters don't want you to know (according to everyone else). MLM and any business takes work, time and effort. That's the secret.
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edwinb
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#175 · Posted: 7 Sep 2009 21:27
Lots of great replies on this post. Just joined the forum today and found this post and felt obliged to add my 2 cents.
Let me start out by saying I am in MLM and am a believer!!!
What I see as one of the biggest issues with people failing is their upline making promises of instant success and massive amounts of money along with "I'll be there every step of the way to support you" and then disappearing because that's what they learned from their upline. Too many people come in not knowing anything about running a business and the potential tax breaks they can get even while they are not profitable. In fact, they can actually take home more money every month (given they have a job) by utilizing the many tax breaks they get from claiming their expenses.
Also, many of the successful upline folks actually make much of their money selling tools to their downline and not teaching them anything about how to stop marketing to friends and family and start marketing on line. They are left in the dark and keep hearing about all the "other" successful people so they get frustrated and quit. I don't blame them, often times they have been sold a bill of goods.
However, with that said, I think MLM is still one of the best vehicles for financial independence and freedom to choose how you live your life. You will work your tail off, so get real, if it were that easy everyone would be doing it and everyone would be successful.
The key is to find a good product with great support and stick to it until you figure it out and start to have success. Nothing motivates like a little bit of success. There is a lot of great free info out there to help you. Look for it and use it.
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BHP
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#176 · Posted: 15 Sep 2009 08:55
Haha - I think ol' Danny web20mentor has given up and gotten an honest job! Cracks me up - haven't heard from him in ages, except to start a topic looking for leads. Poor guy - must've grown a concience!
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mountainmom5
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#177 · Posted: 15 Sep 2009 09:29
BHP: Haha - I think ol' Danny web20mentor has given up and gotten an honest job!
Come to think of it - I haven't seen him either, but then it happens a lot... people pop on and stay awhile and then move on...
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cthen
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#178 · Posted: 15 Sep 2009 18:45
Danny-
I think that was some of the best advice I've seen.
All the best,
Connie
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just23
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#179 · Posted: 21 Oct 2009 13:20
different motivation results different achivement...
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shaun
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#180 · Posted: 24 Oct 2009 01:24
Why is there such a large dropout rate in Networking, direct Sales
Because, there are 2 different types of folk when it comes to network marketing and business in general.
The 2 types are
The Opportunist and the Strategist!
The opportunist conastantly is on the lookout for an "opportunity" that will "explode" and make them lots of money...quickly. If they dont get a satisfactory level of "istant gratification" then they are on the lookout for the next opportunity.
A perfect example of opportunists are the hordes on Twitter heralding the greatest thing the MLM world has ever seen.....ie: The Trump Network! This is not to say there is a problem with The Trump Network, just, what were these hordes heralding before the Trump Network!
The opportunist is saying to themselves can i make money from this? They dive head on into their NEW chosen opportunity until they see another "opportunity" that they think will quickly make them money.
In other words they are motivated by the easiest way to make money. You can easily identify opportunists becasue they'll tell you how they have been in this MLM and that and sold this and sold that.
Now, A Strategist exhibites none of these behaviours. A strategist has a vision of what they want to become and where they are going. A Strategist chooses a business that aligns with their vision and has clear well defined strategies to achieve this vision or goal if you like. They maximise their chance of success by studying their competition and the marketplace they are entering. The actual "opportunity" is almost secondary. This is the important factor. Strategist's have parameters, criteria and a vision....does the "opportunity " match my vision ? That is the question they will ask of themselves. Whereas, stated earlier, the opportunist asks "Can I make money?"
So ask yourself and your potential business partners - Are you a strategist or an opportunist? Do you or your potential prospects understand what it takes to achieve your goal or are you just looking to make a quick buck by hoping onto a system that "does all the work"
Sadly , most people are opportunists and this is no different on the internet. Just look at Yuwie as an example...its filled with opportunists!
Inevitably its the 'opportunists" that drop out and become the 95% you speak of Palma. So dont be an opportunist and dont sponsor one and you should be ok !!
One of the most profound changes I went through was to identify my own "opportunistic" behaviours and make amends. Hence Im still here !!
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