Network marketing has produced many self-made millionaires over the years. If so, how is it that more people aren’t staying for the long haul? First we would look at some of the major reasons for failure and then some tips to help you escape these traps.
Human beings are complex creatures and so it is always [...]
In this article, we are going to discuss some of the pitfalls and traps in network marketing. By discussing these pitfalls, I hope that you can avoid them so as to increase your chance of success in network marketing.
Explaining the business over the phone
The purpose of a phone call is to INVITE the prospect. If [...]
In any business dealings there are always risks - Same in life. Drive out the door today and there are always risks of accidents. How to minimize your risks also depends on your own judgment.
Similarly, network marketing business carries with it some risks. The obvious risks are the risk of losing money.
Before joining a company, [...]
In network marketing, both newbies and non-newbies tend to make mistakes. But the mistakes that non-newbies make is different from those that newbies make. In this article, we are going to discuss some of the common mistakes that non-newbies make.
Passing negative to your downline
Under no circumstances should you pass negative to your downline. This is [...]
The network marketing industry has evolved since the 50s. But there are certain timeless principles that will never change in the network marketing industry. Principles such as:
- Providing value for your customers and prospects
- Uplines helping downlines (and sidelines helping one another)
- Working together with a solid management team
- Building your reputation and helping others…
These [...]
You probably have attended seminars by some network marketing gurus. How do you be one of them? In this article, I’m going to share with you how you can be one of these gurus.
1) Stay informed in what’s happening in the industry by subscribing to at least one professional Network Marketing journal.
There are many magazines [...]
Recurring Income is another term for residual income. In a nutshell, there are three (3) types of income streams that you may have coming into your business.
1. If you do a one-time job, sale or perform a contract, you get paid once and the income stops there.
2. If you do a normal 9 to 5 [...]
Why would you be choosing an MLM? Whatever your reasons may be, you can’t deny the fact that you have at least a slight intention of making more money out of it. Agree?
Making money is the fundamental reason why people join MLM. They are either looking for fast money, building a long term business with [...]
There are many MLM compensation plans and each of them has its advantage and disadvantage. But there is one compensation plan that I believe is bad and you should try to avoid such plan if possible. The plan is the breakaway plan.
The Breakaway
This plan has been said to have become somewhat unpopular in the industry, [...]
If you are new in your network marketing business and you sit down for days (some even take weeks before they make their first phone call) trying out the product, reading all the company brochures, understanding every single calculation about the compensation plan, memorizing all the names of the management in the company (I think [...]
