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NickLogan.TV > Intel > Why is it good news that so many Network Marketers Fail?

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Why is it good news that so many Network Marketers Fail?

What are the top reasons why most people fail in MLM or Network Marketing, and what is the cure?
-Your Friends and Family know you! They love you, but may think you are a little crazy if you think you have stumbled upon the next microsoft. It is hard for them to see you as anybody other than the person you used to be. This business along with any other business takes a tremendous amount of personal growth, to get rid of the old thinking patterns of scarcity and limits. Some of that Scarcity Mind Set has come from hanging with your friends and family in the first place. They say your income is determined by the average of your five closest friends.
-Timing. Your Friends and Family might need a plan B more than anyone else. You can see it, they know it, but the timing just isn't right. The tragedy is, they may never do anything about it, even though you are handing them the golden brick of opportunity. Worse yet, they join somebody else's program. YUCK!! Doesn't that make you want to puke? Just know that it is not personal.
- Budget. In my opinion this is the single most common reason why most people fail in MLM. Once you figure out that most of your friends are not looking for your opportunity, you have to figure out creative ways to market to the world. It is a very common mistake to join a company because they have a cool website and of course everyone will be impressed by that. (Sarcasm) I made that mistake. Guess what? The single most important skill in your business is marketing. You have to MARKET to get people to that website.
Why are 99% of the companies teaching 1970's MLM tactics? Because that is all they know. They have not changed with the times. There are so many FREE and immensely powerful marketing tools out there on the internet. There is nothing more exciting than watching a prospect chase you down, vs. calling them and having to chase them.

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Contributed by NickLogan.TV on March 14, 2008, at 2:19 PM UTC.

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