Empowering Lifestyle

Everybody knows that a great deal of small businesses fail. Regardless of what industry they are in. It makes since that the same applies in the network marketing industry. The numbers show that 97% of the individuals who start a network marketing business fail. Some of that failure could be linked to the fact that, unlike most business, it doesn’t cost thousands of dollars to get started, so virtually anyone can start their own business. With not a lot invested people are more likely to give up at the first sign of struggle. Everybody knows that it is far easier to walk away from a $500 deal than it is a $5000 deal.

Another reason why people fail in network marketing could be linked to the fact that people don’t totally research what they are getting themselves involved in. Most people do not bother to read their policies and procedures. I did this myself. I joined more than one company without taking the time to read the policies and procedures. I did this because I was not looking at what I was doing as a REALLY BIG investment. I had the mindset that it was kind of  like buying a lottery ticket. Maybe it worked, maybe it didn’t. It not, no big deal.

When I think back about that, it is no wonder I failed in the beginning. What my network marketing education journey has taught me is how extremely important it is to understand how to analyze a company. Most people don’t understand that as a network marketer you are a subcontractor in business for yourself. As the independent contractor, your role is to look for a company that has the mindset of win, win. A win for the company, so they can stay around and pay you and a win for you the independent so that you can get paid well for you efforts.

Here are five tips that I’d like to pass on to you that I’ve learned during my network marketing education:

1. Check out the companies integrity and their managements experience. How can you figure out if the companies’ Management has experience? Do a Google search. Find out who the owners are and what they’ve done in the past. Have they ever had the experience of building their own downline? And, were they successful doing it? Or, are they Corporate Fortune 500 Executives that have had no prior experience building a successful downline in Network Marketing.
2. Stop and think about the timing & the industry. Remember most business fail in the first 5 years.
3. Are the products a good value for the price. Not your price as a distributor, but the customers price. Everybody knows that if there is no product, then it is not a legal network marketing business.
4. Analyze and understand the compensation plan. Understand how many people you are going to have to have on your team ordering each month in order to break even. Know what hoops you are going to have to jump through to get paid at higher levels. Look for the words Terminate, Termination, Involuntary Termination, Does it have a yearly renewal clause. Also look for the words Ongoing, Ongoing Sponsoring, Recruiting, or Retail Sales. This means you can never truly retire from this company.
5. Does your company and more specifically, the individual that is signing you up have a system for training you that is easy to duplicate. A system that will allow the full-time worker to earn while they learn how to build their network marketing business part-time. Are all the training calls recorded? Are you taught what to say and what to do online and offline?

The TRUTH is: Network Marketing Companies are nothing without YOU, the distributor.

Thirty-year MLMer Michael Dlouhy talked about these ideas and a lot more in his ebook, “Success In 10 Steps.” You’ll find ideas in this book that really make you sit up and take notice.

Everybody knows that skim milk does not come from skinny cows. Network Marketing education and success does not come from hoping you will figure it out. I encourage you to take action on something you read here today. Your power lies in taking action.

Expect Success – Debi Talbert