Are you struggling in your Multi- Level Marketing business? If so you are not by yourself! 98% of MLMers struggle to succeed or achieve the results they are searching for. Why is that? I have found that it comes down to four areas that are critical for success. As you read every word of this article you will soon find out what they are.
1. Lack of Leads- One of the main reasons why individuals fail is because they don’t generate a constant flow of qualified leads. It doesn’t matter what type of business you may own, in order to be successful it is of great importance that you maintain a FUNNEL of prospects for you to present your product or services to.
Prospects are the lifeline of your business, without them your business will die a slow death.
2. Lack of Cash Flow – It is said that 90% of people in this industry make less than $15 a week! Most network marketers invest more than that in an attempt to build their business.
You’re obviously intelligent enough to know that you cannot continue to spend more money than you bring in without breaking your businesses bank.
THIS IS THE MAIN REASON WHY THE MAJORITY OF PEOPLE IN THIS INDUSTRY FAIL TO SUCCEED.
3. Marketing – Is this how your marketing your business? Making a list of family, friends and talking to them? Handing out flyers? Are you practicing the 3 foot rule? Have you or are you buying leads online?
Most individuals in our industry are taught to market like this. Marketing like this is a sure recipe for disaster.
It is an absolute must that you learn how to properly market your business and brand yourself. If you want to be successful in this industry please don’t overlook this.
4. Sponsor – One of the biggest problems our industry faces is the fact that there is bad information being taught, like the above mentioned mistakes. This is what most up-lines have been taught, so this is what they teach there down-lines
It’s not that these sponsor’s are bad people on the contrary they are fine men and woman, they just have bad information. You need a mentor; there is a big difference between a mentor and a sponsor. A mentor in this business is critical to your success.
It is important to have a mentor who can mentor you in these areas. You need to establish yourself as a mentor to the people you bring into your business and create value for the people who are under you.