Why Network Marketers (MLM) Failure Rate is high as 96% and Why Do People Quit?
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Network or Multi Level Marketers has a failure rate of as high as 96%. This is because:
- Most people never really get started because they don't know what to do. There is no real support or a step-by-step training provided or a good system to follow. As a result, they don't make any money because they are unable to sponsor enough people to become profitable.
- In order to fulfill the promise of "getting rich", Multi Level Marketing (MLM) products or services are marked up so that "heavy hitters" can earn large override commissions. The result for the average participant? It is difficult, if not impossible to have any retail customers to earn commissions from.
- Most Multi Level marketers join the company with the thought of making money rather than really using the products. There are many more products which are better but are not Multi level marketing (MLM) products of which the common people could get these products cheaper elsewhere.
- Because Multi Level or MLM products and services cost too much, the participants aren't really saving any money either. They only purchase the products to maintain their monthly requirement to be entitled commissions.
- Once they are out of their warm list of friends, relatives, etc, which they can sell to, they are practically out of prospects list and growth for that matter. They do not know where to find new prospects!
- The warm list of friends, relatives who bought these highly marked up products initially but has no interest in the business opportunity, will begin to shun away from this distributor, to prevent buying the highly marked up products further.
- It's too much of a hassle being involved in MLM, for the little money that they may be making.
Any of the above, plus the fact that they are actually losing more money each month with money spent on product quotas, marketing materials, motivational tapes, rallies, seminars and long distance functions requiring travel, meal, lodging and ticket costs, etc. This makes it so they eventually lose hope that they can ever make money as a result of developing a big network.
What are the causes of these problems and failures? Can they be eliminated? Is it possible that the leverage created by Network Marketing or MLM could benefit everyone and not just a few? Yes, You Can enjoy the leverage power of Network marketing and be the Successful 4% Network or Multi-Level Marketers .
HOW TO EARN A SUBSTANTIAL MONTHLY RESIDUAL INCOME THAT THE SUCCESSFUL 4% NETWORK or MULTI LEVEL MARKETERS ENJOY and Be Financially Free?
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Last Updated ( Saturday, 18 March 2006 )
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