Before the net came along, there were not that many network marketing businesses, then afterward there has been no end to them. The attrition rate in MLM, or network marketing, is incredibly high because most are not ready to do what is needed to make it work. The way people think about this is rarely on the fence and answers will be on one side or the other. The internet and all the garbage network marketing businesses that have come and gone have not helped the image of this business. If you want to get involved with a network marketing business, then you have to know what you're getting into.
If you want to really stack the odds in your favor, then find a mentor and learn from that person. Ideally, someone in your upline should serve that purpose, but that usually does not happen which is all right, you need to tell yourself, because you can still learn from someone who is successful. What has been happening is some mentors will make info products designed to show you how to be successful. As always, it's up to you to make sure you're dealing with someone who is not a fake.
Since most people don't stand a prayer of making it, get yourself successful and help them out. The obvious things are what so many have trouble with such as confidence, drive, motivation, and the ability to market. All the people you bring into your business will be looking to you to teach and guide them, so accept the responsibility and get it done. You have to possess something before you can ever teach it to someone else. It's true that few people have leadership qualities, and that is just one factor in the high dropout rate in this business.
Contrary to popular belief, network marketing is not a hobby. This really is a bona fide business and you must be 100% serious about it. When you create this type of business, stick to a budget, and always have a positive mindset all the time. Do not deviate from your plan of action once it is written out. Always stay within your budget matter what. Many people will actually charge money on their credit cards to keep going. Stay away from this if at all possible. You need to do training each and every month. Be realistic in how much time you need to spend. Attend your local meetings and only buy high quality training.
Some things have not changed with network marketing like the marketing principles it uses. Technology has revolutionized the way in which lead generation is done, so take advantage of it. See what your recruiter and upline have to offer in terms of using the web for your business.
I am a Online Marketing CEO that has worked in the niche for the past 32 years.
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