List Categories | List All Articles | List Articles By Title
7 MLM Business Opportunity Mistakes - Which of These are You Making?
You've done it. You've signed up with a network marketing company. You're ready to get started with your teams advertising system. You're ready, set, go. All the ads hit, you're excited. Like a kid who can't wait to go to Disney World, you wait for the responses to pour in.
After 2-3 days... Nothing.
Why didn't anyone respond?
Don't worry. You're not alone. Matter of fact, this is a common scenario in MLM. People get jazzed, sign up with their uplines co-op, fire off a few hundred emails, get the postcards, and nothing comes of it.
Marketing experts they are not. You, of course, are smarter than that, which is why you're reading this special report right now. You want to know the top 7 mistakes people make in MLM, and you want to know the solutions to them.
Here they are:
1.) ** Using "Institutional Advertising" **
Institutional advertising is advertising that does not focus on your prospects. Rather on you, your company, your pay plan, your products, your bonus pool, your packaging, or the sales people at the home office.
Anything that does not focus solely on your prospect is institutional advertising. Think of Coke-A-Cola. That's institutional advertising. Their sole purpose is brand their name into your mind. That way when you get thirsty and want a soda, you buy a Coke.
You must focus on your prospects ego and their desires. What they want takes priority over what you or the MLM company you're with wants. Tell them what's in it for them.
Solution: Create prospect focused advertising and drop your ego and appeal to the prospects ego.
2.) ** Fell Into Management Mode **
This one is a biggy. In order to make money in network marketing (or in direct selling) the life blood is new business. For the first 2-3 years new business is what drives your income.
If you spend all of your time managing people and none of it actually acquiring new business you'll fall into a mode where your income levels off or just drops. This is management mode and it will stop you dead in your tracks from making long term income from MLM.
Solution: Always be moving forward, building your group. Leading by example. By building.
3.) ** Making MLM Your Business **
One of the most sobering and completely real facts of MLM is that you do not own your own MLM business. At any moment in time the network marketing company you're with could shut it's doors, change it's policies, cut the popular products (not likely, but happens) or any number of things that would instantly stop your income or cut it by 50%.
Making MLM your business limits you. Stops you from seeing all of the possibilities outside the MLM industry. Instantly turning your income into something that is in reality, not yours. Make MLM a part of your business. Not the sole reason it exists.
Solution: Expand your business into other areas. Not just MLM.
4.) ** Not Being Personal **
MLM takes time, money, more time and more money to develop. As does any profitable business. However, in the day of emails, fax machines, web sites, online video, and super technology, it is easier than ever to forget you are working with real live people with real live problems and worries.
Adding a personal touch to the process will build your credibility, and build trust with those you plan on working with.
Solution: Add a personal touch and build trust
5.) ** Not Being Realistic **
Technology makes it easier for you to contact more and more people at an ever growing rate. Which leads some people to hype up their claims. Hyped up claims are not always so outrageous they instantly appear full of hype.
Some of them are subtle, like, "No direct selling." Which seems like a benefit, because people hate to sell. In truth, direct selling is network marketing. You are not as aggressive about it. But you will, and always be selling something to someone.
Solution: Be Realistic and understand network marketing is a selling business.
6.) ** Losing Focus **
Losing focus is easy. Thousands of ways to advertise and reach your market exist. Pick 1 or 2 or 3 of them. Not all of them. Focus on what works, and drop what doesn't. If you know it's not working after a few weeks, don't do it anymore.
Truly effective advertising works in just a short time. Not 3 years. Save yourself time and money and find an alternate way to reach your market once the way you're using proves itself to be ineffective.
Solution: Focus only on one, two or three advertising strategies at time. And focus on them until they prove to be ineffective.
7.) ** Becoming a Computer Jockey **
A Computer Jockey? What's that? Computer Jockey's are people who sit there in front of their computer and try to work their MLM business completely online. 24 hours per day, 7 days per week.
This is just insanity. While the world wide web does offer more affordable ways to reach your market. It isn't the only game in town and placing print ads and sending sales letters to people offline is not only effective, but sometimes more effective.
Solution: Try advertising offline as well to expand your reach.
Joe has authored 32 audiotapes, eight manuals, booklets, featured on the cover of Upline Magazine and Six Figure Income Magazine. Find out who Joe recommends for generic training and leads by visiting http://www.BeAMLMHeavyHitter.com
"Have a web site or newsletter? Feel free to use this article to add valuable content for your business. I only ask the author BYLINE stay intact and unchanged."
The 5 Critical Elements of A Successful MLM System
Take it or leave it but all big MLM earners follow a marketing system. They find a system that works and stick to it.
MLM or Pyramid scheme - What is the difference?
Many people question the ethics of MLM. They claim that the people on the top get all the benefit from the people working below them, while the people below don't get much if anything at all.
7 Different MLM Compensation Types Explained
As the Number of Network Marketing Programs proliferate the Number of Network Marketing Payment Types increase as well. This Article will explore 7 types of Payments that a Network Marketer can receive.
50 Ways To Generate More Money In Network Marketing (Practicing The Obvious)
If the art of Network Marketing is your "pin-point" passion, you may certainly want to take note and put into play these 50 "best practice" marketing techniques.Here we go!1.
Fundamentals of MLM Business
MLM or Multi-Level Marketing is a home-based business. It involves the sale of a consumer product or service, person-to-person, away from a fixed retail location.
MLM - Sure Thing or Scam?
Be your own boss! Set your own schedule. Retire Early! Who doesn't want that, right? Multi-level Marketing has been praised for allowing financial freedom; and it's been criticized for being a big scam.
MLM Success: The 2 MLM Basics You MUST Master in Network Marketing
Here is truly a MILLION Dollar Question:What is a Basic?It is the simple and most fundamental action you can engage in network marketing.And engaging a basic will always be what a distributor needs to do to succeed.
The Lurking Affiliate and MLM Junkies
Ever since the introduction of money making programs became available. Mis-guiding experts decided to become more of a nuisance than provide realistic help to the newcomers on the net.
The Single Greatest Reason People Fail At Network Marketing
How many times have you found yourself in one or more of the following situations:1. After giving a complete network marketing presentation to a prospect, you discover that he/she was never qualified to begin with.
Tips for Success in Network Marketing
Network marketing has a fantastic range of business opportunities. First find the best business for you.
Finding The Right Business For You: Low Admin Is Essential
Simply put, in network marketing as in many more traditional businesses, the only activities which will make you money are selling and recruiting. If you're not doing one or other of those then you're not making money and you're involved in administration.
Network Marketing Success- The Top 3 Secrets of Network Marketing Success
What stops most people in MLM and Network Marketing? After studying this industry for over 20 years, and talking to thousands of folks, you learn a thing or two.Many people enter this industry of Network Marketing, and find themselves out of it within a year or less.
Network Marketing is Nothing but a Scheme!
When you say network marketing immediately the main stream public thinks negative things, but truly network marketing is a neutral entity. It's not good or bad it's just a business model.
Network Marketing and its Future
Internet marketing has had phenomenal growth and this trend will continue with no signs of abatement in foreseeable future. Individual entrepreneurs and small business organizations will increasingly look for fresh avenues on the Internet.
How to Attract and Excite Your Prospects
The Power of MarketingWhen you hear the word "marketing" what comes to mind? More business or wasted money? If your experience with marketing or advertising has been less than positive your cynicism may be well founded. Yet, have you ever noticed a competitor with a mediocre product and a healthy business? The difference is often marketing.
Network Marketing Training- An MLM Success WildFire Starts with a Single Spark
You don't have to have a lot of people to start succeeding in your Network Marketing business.YOU just have to be totally, radically, absolutely SPARKED UP! This is simply catching FIRE from a conversation with a prospect and spreading the SuccessFire to others! A downline onFIRE will need half the numbers of a regular downline to create massive Success.
Network Marketing Training - The FAST Start New Distributor MLM Success Formula
That is how most people want to go in this business, and rightly so.But you have to have a system or process to get there.
Discover the Incredible Power of Ethics in Online Network Marketing
?build trust and watch the cash roll in!As you are reading this article, the tide of the world is changing rapidly. More and more people are taking charge of their own lives, taking responsibility of their own future and taking control of their destiny.
No Romance, No MLM Downline
NO ROMANCENo DownlineNo Downline, why bother?If you were romancing a fine lady, would you walk up to her and say, "Hey babe, lets do dinner?"I wouldn`t. That would not work.
Select Network Marketing and Select Good MLM company to Work For
Here are the good criteria and checkpoints to select network marketing, select good MLM company, and what kind of good MLM company to work for in order you succeed in network marketing. It seems that just about everybody is jumping on the Network Marketing Band Wagon due to the success of some major players like Amway, Mary Kay Cosmetics, Herbalife, Fuller Brush, Watkins and scores of lesser known companies.
home | site map
All articles are copyright to their owners.
Note: this website lists articles, We do not Write Articles !