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Chuck Holmes
Member Since: 9/12/2018

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Chuck Holmes   My Press Releases

3 Reasons Why Most Network Marketers Fail

Published on 9/13/2018
For additional information  Click Here

Today, I want to share three reasons most network marketers fail.  This is just my thoughts based on 16+ years in this great industry.

# 1 Wrong Mindset

Without a doubt, the number one reason most network marekters fail is because most people joining our industry are not entrepreneurs.  Most new reps think like employees and expect instant gratification in their business.  Most MLM Reps dabble with their business, rather than treat it seriously. Most reps take the short-term view, rather than the long-term view. 

In the real world, entrepreneurs invest tens of thousands of dollars in a business before they even get started. They work night and day to make it successful.  They have the "do whatever it takes" mindset.

# 2 No Skills

Let's face it, network marketing is just like any other profession.  It takes a certain skill-set to suceed.  Very few people entering our industry have the right sales, leadership, management and communication skills.  And most people who do join our industry will not invest the time and money to develop these skills. 

In the real world, entrepreneurs are extremely committed to developing the right skills.  They attend industry events, listen to tapes, read books, subscribe to industry publications, belong to mastermind groups, etc. Smart enterepreneurs invest in their business education.

# 3 No Leads

Network marketing is a selling business.  MLM is a numbers game.  You need and endless flow of leads. You have to go through a TON of propsects to sponsor a lot of distributors to find a few key leaders, probably 10x more people than you think you need to talk to.  Most reps in our industry don't know what to do after they finish contacting their warm market.  They have no marketing plan.

In the real business world, entrepreneurs have a written business and marketing plan.  They have a marketing budget. They invest money getting their business name out to people in their target market.

Putting It All Together

If you want to succeed in the great MLM Industry, you must transition from employee thinking to entrepreneur thinking.  You must master these three things, put in the work, and stay consistent.  I hope that helps.

What are your thoughts?  Leave a comment below to let me know what you think. 

Member Note: To comment on this PR, simply click reply on the owners main post below.
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