Top 6 Reason Why 97% are Still failing Internet Network marketing.

Most of you are familiar with the common TV advertisement or clip where people come with the so called testimonials saying ” I made $15,000 in 3 weeks with just a push of a button”, or I just followed the “system” and made $12,000 dollars on autopilot . Have you seen those TV ads?
Yes, that is exactly why many people get into internet Network marketing without considering that this is a real business  and not some kind of hobby.

So if all the above claims are true, Why is it  that  only 3-5 % are succeeding in Internet Network Marketing? I believe if you know some of the reason for failure , then you can do the opposite , so you can succeed. There are many reasons but the Top 6  in my opinion include:

1. Easy and Cheap Way to Start a Business:

You see if you were to start a traditional franchise business and had to pay $150,000 to start.I bet you will do whatever it takes to make that business work.You will read all the books , attend all the courses and learn all the skills you need to make it work.Why ? Because you borrowed the money from the bank and therefore you want to pay  off your loan quickly so you can be in profit.
Now the problem with Internet Network marketing is that it cost anywhere from $10-$2000 in monthly overhead and so people are just not serious and treat it as hobby and that is why they fail.

2.Unrealistic Goals and Expectations:

Most people joining an internet network marketing business usually do not have any clue as to what it takes to really make money.They expect to make money in 1 month and if they don’t they quit, thinking the business was not right. They don’t realize their failure is due to their lack of knowledge in operating the business.Network marketing like any other business requires knowledge, time, money and investment to make it work.
Set Realistic goals otherwise you will be disappointed.There is no magic purple pill.Your success depends entirely on you.

3.Lack of Skills and Education-How to generate Traffic

Success =Skills x Action. You see in any profession, people go to college for at least 4 years to acquire knowledge .However most people joining Internet Network Marketing do not think any skills are needed to operate their business.The biggest skills most people lack and therefore  leading to failure  is the ability to generate traffic into their website, then turning those visitors to leads and therefore making sales.This is the most important component of the whole puzzle. One internet “Guru”, said “He who knows how to generate traffic has the keys to the kingdom”.

Spend time to learn these skills .Some of them are very challenging but if you make up your mind that you will learn it no matter what it takes and  have the attitude of never quiting , you will succeed.

You also  need to be known as an expert if you really want people to follow you. Also don’t be afraid of technology.When I started online I knew nothing about google adwords, Pay Per click, article marketing, blogging, SEO etc.But over the years I have taken the time ,and effort to learn these things because one cannot be successful without them.Some will cost you money , but these are skills nobody can take from you once you learn them.

4 Lack of proper training and mentoring

While everyone can join a network marketing opportunity, very few people have the skills right off the bat to succeed.  This is especially true when we start discussing how to use Web 2.0 techniques to market you and your opportunity. Additionally, you need several people you can talk to (mentors) who can guide you in the right direction and provide valuable feedback. Too many people join an opportunity and use their marketing system improperly and do not even realize it. Make sure you join a successful team with people who are willing to help you.

5. Instant Gratification and Being very Desperate

A lot of people join a Internet Network Marketing  or direct sales business looking for easy, instant money. It’s not going to happen and anything that promises you otherwise is either a scam or not being truthful to you.  True residual income comes from YOUR effort.   Any successful venture you undertake will require YOU to put in some work.

Most people join MLM because they are very desperate in need of money.So they will harasse and beg people to join their team.Remember People join people and not companies.Don’t pressure people to join you.I know from the old school you are taught the “3 foot rule”.My friend that does not apply anymore and doing that will just drive your friends and families away from you. Remember Not everyone is going to say yes, so you might as well get used to it now.

6.Going out of your Comfort Zone

You must be willing to do things that the masses are afraid to do.For example getting on the telephone and calling people who have requested information.After all this is a Network Business and therefore must be willing to talk to people. I am not talking about cold calling people.

Now it is time to start building your internet Network business.

This day in history...


Powered By WPHistory

Related posts:

1. Top 4 Internet Lead Generation Tips – Every Network Marketer’s Dream
2. Top 3 List Builders-Hear From The Horses’ Own Mouth
3. TBA 5 Percent Club-How To Be in The Top 1% To Succeed