How Network Marketing Works » business opportunity

The Number One Reasons Why People Fail in Network Marketing

Jaz Lai — Wed, 03 Sep 2008 10:17:55 +0000

Before we name the number one reason why people fail in network marketing, consider this example:

(Picture of runner)
A long distance runner trains for years in order to make it to the Olympic Games. He works for hours, every day of the week. He trains with the best trainers, he eats clean, he lifts weights and he disciplines himself in every area of his life. Finally, he reaches the final race. He begins running the marathon, representing his home country, his family, and all runners watching him on television internationally.

The sun is brutal and his body hurts from the strenuous conditions. He finally makes it to the final mile, muscles aching and body sore. He speeds up to cross the finish line, he leans forward to reach the end…

(Picture of runner fall down or giving up)
… and right before he reaches the final step, he gives up. Because it hurts. Even though he is just feet from the finish line.

So close, and yet, so far. What a shame.

This example reminds me of most new network marketing representatives. It’s very sad, but it’s true. Most people begin their training with high hopes, and they work to get closer and closer to experiencing what it means to be a success in this industry. They are just steps away from becoming a leader… but then they quit because it’s hard. They aren’t looking ahead to the final prize, and they quit before they can bring forth their successes.

If you really want to see results in your network marketing business, you need to be committed to it through thick and thin. You cannot become frustrated because you don’t see results immediately. No ancient oak tree started out as tall as a building.

Network marketing is all about exponential growth – albeit it might grow VERY SLOWLY at the start, nevertheless, it is still exponential growth.

Let me put it this way:

When someone makes the leap to become a representative, they have to go through network marketing training, and break through all of the negative baggage they have been collecting all of their lives. This can take up to an entire year. They have to work through their fear of success and their worries about the future. It’s almost as if they need to work extra hard just to break even. This is why people give up so quickly!

But just because you are having trouble looking ahead to your successes doesn’t mean that it isn’t possible to make it there. Your first success may be small, but once you break event, your successes will grow exponentially!

Even though one may seem small, when it doubles, it becomes two. Then two becomes four, and so on. Eventually, your small success grows to sixty-four, and so on. Once you hit that magical number of four, your growth will be evident. All you have to do is keep your eyes on the prize. Take this time to prepare yourself to enjoy your coming success. Hang in there, and you will see results.

Jaz Lai is an Online Network Marketing Prospecting Specialist. If you want to succeed in network marketing, download your free white paper and audio on how to use the internet to Double or Triple your organization within the next 30 days. Available for the next 24 hours only, click below for instant access : http://www.HowToNetworkMarketing.com

4 Guaranteed Ways to Fail in Network Marketing

Jaz Lai — Tue, 02 Sep 2008 10:17:48 +0000

The failure rate in network marketing is staggering – at least 97% of network marketing reps fail to make money or recover their investment in the first place.

Actually, the problem is NOT with the network marketing industry but rather with the failure mentality of people who get into the business. (If you fail in an examination, you can’t blame the teachers or the system because at the end of the day, the only person who can study hard and pass the exam is only YOU).

There are four roads to failure in network marketing. They all have to do with your mindset. Have these mindsets, and you are guaranteed to have roadblocks between you and your success.

(1) People looking for an easy path to wealth

Nothing is given to you for free. Some people think that network marketing is like a free win in Las Vegas, where you put in a few quarters and you get a jackpot in return. However, this is not how things work

(2) They believe that if you start high, you won’t have to work very hard

Some network marketing businesses allow you to purchase a higher status which lets you buy more products at a lower rate to sell to your customers, and therefore giving you larger commission checks. But starting a bit higher doesn’t mean that you skipped over having to work hard. Instead, you have more invested up front. Therefore, you need to work even harder to recover the investment you put into your business. You may have bought yourself a higher rank, but you have not bought your downline.

(3) Waiting for profit from your upline

Sitting and waiting for your upline to place downlines under your group is another way to fail. It’s easy to get caught in this mindset, especially under binary structured plans. By relying on others as a crutch, you will fail. Even if your upline creates downlines for you in your network, they are just a perk. You didn’t earn them; they are a gift. It’s not your upline’s job to build a team for you. If they do provide you with representatives, it’s a benefit for their network more than yours.

(4) They don’t want to build a strong network

This business is called network marketing for a reason. Building a network takes time and energy. A half-hearted effort brings half-hearted results. Corporate successes didn’t make it to the top by coming in late, leaving early and wearing flip-flops to the office. Network marketing representatives succeed by working hard and by selling their business.

Don’t let these four paths to failure become your paths. Work hard and put in the time, and you will succeed in your network marketing business.

Joining 3 Network Marketing Business Opportunity At The Same Time is Suicidal

Jaz Lai — Mon, 11 Aug 2008 06:26:37 +0000

Jumping from one MLM opportunity to another is very common among representatives today. Every time that someone learns about a new "ground floor" chance or the opportunity to join a brand new company as a founding representative, they drop everything and join that new company. Often, they even try to talk their networking into coming along for the ride!

There are pros and cons with switching companies regularly. However, there are usually more disadvantage associated with jumping ship. Here are some things the network marketing representative should consider before changing loyalties:

The frontier representative syndrome: People always want to have the fame and fortune of being the FIRST representative in a new company. The lure of being the first on the new frontier is so strong that they will leave everything else they are doing to be the first one in line. The problem? The frontier rep syndrome can easily spread to your down line. How would you feel if they joined another company every time a new frontier showed up?

Survival rates are low: Let’s keep things real. In life and in business, there are no guarantees. For years, corporate America thought that Enron was a powerful, lasting company. Today, it is in the midst of corporate scandal. You can’t even guarantee that you will be alive tomorrow! You shouldn’t assume that connecting with a new company will make you rich. Most new companies don’t even last five years in our competitive marketplace. Stick with the proven track record.

New companies mean newer untested support systems. Mature, solid companies have better systems for training and ongoing support. That’s why they have lasted over the years. As the first on the frontier of the new company, you have to build your systems yourself. The company is planning on learning from your mistakes, so you will be expected to work harder for your down lines and your company!

Moving down the ranks. Right now, you may be a high up name in your company as a proven leader. If you decide to switch companies, you won’t be a leader anymore. You will have to start from scratch again, leaving your current rank and income, leaving your financial future in the hands of another person who might not cut it.

If you are planning on jumping companies, here are some tips to consider that can help you be sure that changing companies is right for you.

You need to assess the management, the representative team’s average track record, the market potential for the business, determine whether there is demand for their product and, assess the demographic trends and your own network that is willing to follow you.

In addition, you must do all of your own homework. Be sure to keep in mind that both your family and your down lines are counting on you as their marketing representative leader. Don’t let them down! Don’t be swept away by false promises and excitement in something new. Take a look at the business landscape from a logical perspective, not from an emotional perspective. That way, you can make a fully informed decision.

Jaz Lai is an Online Network Marketing Specialist. If you want to succeed in network marketing , download your free white paper and audio on how to use the internet to Double or Triple your organization within the next 30 days. Available for the next 24 hours only, click below for instant access : http://www.HowToNetworkMarketing.com

Earning Fast Money Through Network Marketing

Jaz Lai — Sat, 09 Aug 2008 08:34:02 +0000

Trying to earn quick money in network marketing is considered to be the quickest way to fail in your network marketing business. A lot of people get into this industry with this flawed, get-rich-quick mindset, and they fail to realize that network marketing is really all about creating a slow, long-term, interconnected business.

If you are in network marketing with this get rich quick mindset, I strongly advise you to consider this fact: Would you rather burn yourself out making $1,000 a month for a few months, wearing yourself out, and then crashing and burning? Or, would you rather work steadily and build a strong, ever-increasing residual income of $50,000 per month or more for the rest of your life, even AFTER you’ve stopped doing network marketing?

The choice may seem really obvious, but greed often blinds our eyes to the rewards of being patient and waiting for delayed gratification

Here are a few of the reasons why earning quick money is actually one of the worst ways to build your network marketing business:

Quick money is short term

Network marketing is a business where people build a huge income over a period of time through the efforts of many people. Think of it this way: would you rather use 100% of your own strength, or 1% of the strengths of 100 people?

Network marketing doesn’t provide huge commissions unless you have a huge team.

Many network marketing companies offer huge commission checks to the leader who builds the largest sales volume through their network – not from their PERSONAL sales. Most network marketing compensation plans also increase your payouts only after you’ve helped others to reach their goals as well. So don’t be selfish and focus only on yourself – help others succeed first, before you succeed.

Network marketing is more of a teaching industry rather than a sales industry.

Even though sales are certainly involved in network marketing, it is not the best seller who wins the day. Rather, it is the best TEACHER that succeeds. Remember, network marketing is all about duplication. It is not a one-man show. You can sell thousands and thousands of dollars every month, but you are still one seller and you seriously can’t do the same thing forever. Wouldn’t it be better to teach two people how to sell or consume a quality product and teach them how to teach others to do the same? Wouldn’t it be a lot simpler?

You might tempt other people into frontloading.

Most people should join network marketing companies at an entry level that they are comfortable in. You may earn more commissions by getting your new downlines to frontload. But if they are in financial trouble or if they lack the proper training, your downlines will drop out from your network like a flash, and you will have no one left in your team to lead. Your downlines are your golden goose, so please don’t cut them open, feed them and nurture them so they can lay more eggs, and they will all have golden geese of their own that will benefit you in the long run.

You have to get rid of the "get rich quick" mentality – not only is it totally destructive to your network, but you might even get a bad reputation if things go sour. Make sure you are prepared to commit the next two to five years to your network marketing business.

Why We Recommend Network Marketing Business opportunity

Jaz Lai — Thu, 07 Aug 2008 08:02:34 +0000

Network marketing opportunities abounds in the business world. There are millions participating in this excellent business opportunity, and there are no signs that numbers are going to slow. Now, these network marketing representatives are in every city across the world. But why do they participate in this business?

Are they driven by money? By fame? Or is there something more?

Most people who join network marketing because they have a dream. They want more than what they have right now. If you want to be a success in network marketing business, or if you are simply considering whether to take part in this opportunity, you need to have a strong dream in order to succeed in this very competitive business industry.

People who have dreams have given these examples for why they joined and succeeded in network marketing:

The need for ownership and job security - Even though some people have extra time and enough money, they don’t feel content. That is because they work for a boss, and they don’t actually own their own company. Therefore, they are not really in control of their own lives! Similarly, job security is non-existent today. A lot of people would rather just build their own wealth, instead of relying upon someone else to give it to them. That is much stronger than job security, and that is why people choose network marketing.

The need for more income – In America, we are in the midst of a recession. The sub-prime mortgage crisis, inflation of the price of services and rising costs of consumer goods are impacting the economy. This recession is not going away any time soon. The need for additional income is becoming more important for many people, because job security is not what it used to be.

The need for leisure time - Some very wealthy people have sacrificed all of their time to make money. They may have lots of cash in the bank, but they don’t have the chance to even enjoy it because they are working literally every minute that they are awake. A lot of business owners work over fourteen hours a day, seven days a week, because they will lose their wealth otherwise. Network marketing allows you to bring in residual income for your household. It’s a smart investment, even if you are already financially comfortable.

The need for excellent products - A lot of network marketing companies sell the products that the customer needs. It makes financial sense to become a representative, or a distributor, for the company. Most successful businessmen and women are in network marketing because they started out purchasing some health supplements or they wanted to purchase a skin care product from their friend in network marketing.

Socializing and assisting others - Network marketing brings you time, money, products and ownership. However, it also provides a great place for people to connect and to assist others in achieving their dreams. Your strongest, most lasting relationships will be created from your family and friends in your network marketing team.

You need to have one or more great reasons for why you are in network marketing. Can you make a list of your reasons?

Once you can list it down, you will be able to build your network marketing business with passion and determination.

For more resources on how to improve your network marketing business, check out the resource link below.

Increase Your Downlines – 5 MLM Tips On Expanding Your Recruiting Methods

Jaz Lai — Fri, 18 Jul 2008 14:42:36 +0000

Building your network marketing business is very dependent on your ability to build a successful downline for yourself. If you cannot recruit network marketers under you, then you will not be a network marketer. Your downline is the structure, the framework of your entire network. Without it you will have no network.

These are 5 MLM marketing tips that will help you to succeed with your network recruiting methods.

1. You must be able to convey to people that the business and product line has great value. This will be the first thing on anyone’s mind. You must be able to show the prospects how valuable the products are above any others. Why the products are of high quality and what they offer to the market. Why the products create loyal customers and why the company is the best darn network marketing company that is in the industry.

The prospects will all be interested in the opportunity and compensation plans that company has to offer them, but above all, they want to know if the products the company markets are good. When you paint a picture of the the products being the best available and has a growing market, then you are doing your job.

2. Once you have sold the prospect on the product and company, you need to let them know that they have commitment and support from the company with regards to training.

No one wants to join a company only to find themselves left on their own. The new recruits need training in order to become solid network marketers. Many of the prospects you will be dealing with do not know the first thing about marketing and will be looking to you for starting things off on the right foot. It will be up to you as their sponsor, to ensure that you will be there for everyone you sign up. This is about being responsible and being a good sponsor.

3. Showing all of your recruits the different options of network marketing techniques that are available on the Internet and off the Internet.

There are many different options to network market with. It will be up to you to show the recruits what methods are available for them to choose from. Everyone is different. What works well for you might not be something that someone else is interested in duplicating. If you are open and honest, leaving the different options up to your downline, they will respect you for this. If you are not very familiar with a particular method of network marketing that a new recruit wants to investigate, let them know and find out how to do it.

4. Be confident with your prospects. As a sponsor, your downline will be looking to you for the emotional support they need. The best sponsors will always lead with instilling confidence in their downlines ability to do the best they can. Lead by example and the pack will follow you anywhere. When you are confident that your downline can succeed, then they will probably surprise you and be a success. If you are open and honest with everyone, they will return the favour.

5. Wet your downline’s appetite from time to time. Whether it is a new sales contest or a company retreat or convention. When you find out about something on the horizon, teasing your downline with some anticipation for something great is invaluable. It will always create an air of excitement and motivate everyone for more sales.

These five tips will certainly help you get and keep a downline. Being a sponsor is wearing a few different hats sometimes, but will always pay off for you if you are honest and respectful to everyone around you that is depending on your lead.

Jaz Lai is a network marketing online expert. Download your free white paper and audio on how to use the internet to Double or Triple your organization within the next 30 days. Available for the next 24 hours only, click below for instant access : http://www.HowToNetworkMarketing.com

What To Look Out For In A Network Marketing Company

Jaz Lai — Sat, 28 Jun 2008 07:31:27 +0000

Whether you are looking to branch out a little bit and to add a little bit of extra income to your household, or you are looking for something that will change the way that you work and do business, there is a good chance that you are wondering what will the best network marketing company. The fact is, with so many network marketing companies out there, and with so many stories about companies that will take your time, effort and money and give you nothing in return, you’ll find that it can be a little nerve-wracking when you are trying to figure out what the best opportunities are.

The first thing that you should remember is that there is no direct profile of what a great network marketing company looks like. They all sell different goods, they all have different modes of operation, and frequently, they will have different compensation plans. You’ll find though, that they all do pay, that the best ones will be upfront about the fact that you need to work to get it. You’ll find that any company that makes you promises about not having to work at all are probably lying to you or at least stretching the truth. Especially at the beginning, when you are getting your platform set up, you will need to do some work; it’s only after everything is set up that things get easier.

When you are considering whether or not you want to join a certain network marketing company, do your research. A simple Google search on the name will get you started, and chances are, you’ll find plenty of people who are willing to review and talk about their experiences with it. This is a good way to find out if the opportunity is a genuine one, or if it is a scam. When you are doing your search, remember to take the reviews with a grain of salt. Don’t let one powerful bad review overshadow a number of good ones; you’ll find that there are many different points of view, so take them all into account when you are making a decision.

Remember that a good company will also invest a lot into good training and sponsorship. If your sponsor is going to be making money off your sales as you are part of their downline, you’ll find that you definitely want to make sure that they are in a position to earn it. Take some time to really consider what you are going to be learning. How much time your company spend teaching you about the product and learning to sell it well. Think about the level of instruction that you will need to feel comfortable with a product, and remember that you need to think about the fact that your needs might be different from that of other people.

To really make a good decision about a company, remember that there are many things to keep in mind. Look for downsides as well as advantages, and make sure that you know exactly what it is that you are getting in to.