Branding Your Business
Why You Fail at MLM's
The Top Reasons Why People Fail at their MLM Business:
Lack of solid marketing/sales skills - once an MLM distributor runs out of friends and family to talk to, they have a hard time reaching out to strangers to sell products or prospect for new recruits
Lacking passion in the products - if you don't have the passion for what you're selling, it's very hard to convince others why they should buy your wares
Failure to develop interpersonal skills - your success in network marketing is heavily dependent on forming good relationships with people. MLM requires charisma and leadership skills to truly succeed
Failure to leverage the internet for lead generation - there are so many eyeballs looking at social media sites that it's almost criminal not to advertise on these sites. Capture the attention of potential buyers any way you can!
The brand gets over-saturated when too many recruits sing up in the firm - this is the reason most successful MLM distributors always say time your entry right. It's best to join an MLM company right when it's taking off because once it blows up, it's tougher to build a team as others have beaten you to the same customers
Negative press about the company - there's been some major cases over the years of huge companies getting shut down by the Federal Trade Commission (FTC) for resembling a pyramid scheme which is illegal, causing all their distributors to lose their income overnight
Lack of solid marketing/sales skills - once an MLM distributor runs out of friends and family to talk to, they have a hard time reaching out to strangers to sell products or prospect for new recruits
Lacking passion in the products - if you don't have the passion for what you're selling, it's very hard to convince others why they should buy your wares
Failure to develop interpersonal skills - your success in network marketing is heavily dependent on forming good relationships with people. MLM requires charisma and leadership skills to truly succeed
Failure to leverage the internet for lead generation - there are so many eyeballs looking at social media sites that it's almost criminal not to advertise on these sites. Capture the attention of potential buyers any way you can!
The brand gets over-saturated when too many recruits sing up in the firm - this is the reason most successful MLM distributors always say time your entry right. It's best to join an MLM company right when it's taking off because once it blows up, it's tougher to build a team as others have beaten you to the same customers
Negative press about the company - there's been some major cases over the years of huge companies getting shut down by the Federal Trade Commission (FTC) for resembling a pyramid scheme which is illegal, causing all their distributors to lose their income overnight