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Network Marketing Doom – The #1 Mistake Made by 97% of All Network Marketers

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Alright, I believe the majority of us know what the benefits of having our own business are in terms of additional tax breaks, creating our own work schedule etc…

Plus I’m going to presume that you already know that Network Marketing is an extremely lucrative industry to be in. The barrier to enter a given marketplace is quite often financially low and the financial rewards can be quite high.

Starting and owning your own business is highly recommended by the majority of all the success gurus out there (Trump, Kyiosaki, Allen.)

Given all these wonderful benefits of owning your own business and participating in network marketing the following question needs to be asked?

Why do 97% of all network marketers (and internet marketers for that fact) continue to make what I believe is the #1 mistake in the industry?

Owning your own business and becoming an independent agent / distributor for a network marketing business is supposed to lead you the land of the free and wealthy, correct?

Being your own boss or entrepreneur is where all the benefits are, right?

Robert Kyiosaki explains it best in his book the Cash Flow Quadrant, that being an entrepreneur and leveraging others efforts will have dramatic results to your bottom line profits.

J Paul Getty, (at one time the richest man in the world) is quoted:

“I would rather have 1% of 1000 mens efforts then 100% of my own”

That being said, the question must be asked again: Why is the failure rate in network marketing such a dismal 97%.

Well I believe to answer this question you must first ask yourself the following question:

Can anyone make money in network marketing?

Contrary to popular belief, hyped up presentations of comp plans about getting three people who get three will make you a millionaire by next week…the answer is NO.

The reality is not everyone is ready and cut out for the network marketing industry or for that fact owning their own business.

The word to focus on here is business and what happens to a majority of businesses in the off line world?

They do not succeed.

Please understand that I’m not being negative or looking at the glass as being half empty, I’m just shedding a little light on what I believe are some obvious facts.

The majority of people who come into the network marketing industry are known as Opportunity Seekers. They’re looking for something to earn some extra cash, almost like a part time job they could do from home.

The lure for them is they become blinded by making, what in their mind is, extreme financial wealth. They view it as earning mass riches with very little effort.

When it doesn’t occur in their perceived time frame they abandon the industry or go from one opportunity to the other.

They look at the 3% of the top earners and wonder how can I get there and fast. They look at the top 3% and see the nice cars, the fancy suits and the exotic vacations and yet fail to realize what it took those 3%’ers to achieve such rewards.

The top earners will tell you it takes one major characteristic that is lacking in the 97% of network marketing wanna be’s:

MINDSET

The majority of people who enter the network marketing industry, it’s their first attempt at starting a business. To that end they must be congratulated for stepping up and wanting to do something to change their circumstance.

However starting something and seeing it through to completion are two different things. The majority of these new sponsors are not prepared mentally to develop and learn new skills to grow their business.

Skills such as:

greeting new people
qualifying them
inviting them to view a package or presentation
the call to action and follow up process

What if you’re doing Internet Network Marketing, do you know how to

how to set up a squeeze page
use an autoresponder
create a blog
traffic generation strategies
do online presentations
follow up phone calls

A Network Marketing Opportunity Is A Business

Remember the part of the presentation where it talks about “owning your own business” - it tells you right there what you’re entering into.

Any business you enter into, you must develop a new set of skills to prepare you for that business. This is where mindset comes into playing such an important part.

Learning and perfecting new skills takes time, with unexpected obstacles popping up that can frustrate the crap out of you.

A golfer who wants to break a hundred will invest in books, videos, coaching lessons to get to their goal. They’re discovering new skills, willing to practice them at the range and then take their game to the course to see the results.

Why should developing new skills in your business be any different?

Once you establish the correct mindset and know that you have to invest in yourself, your skills, your development you’re on your way.

You invest in yourself, you practice, implement, falter, practice, implement, invest, practice, implement and eventually little successes begin to occur.

These little successes begin creating bigger successes until the momentum you have created becomes almost unstoppable.

Sure you’ll make mistakes along the way, sometimes your resolve will be questioned…and you just keep moving forward.

What Separates The 3% From The 97%

Please understand this one important aspect between the 3% and the 97%…they’re no smarter then you or me, they don’t have super human intelligence or strength.

Where they differ is they’re willing to

work a little harder,
develop themselves a little more,
take action on what they learn
move forward regardless of the obstacles

They get up earlier and stay up later honing their skills to become better at building and succeeding in their business. They take the actions necessary to put themselves out there…they have the correct mindset.

And when they fail, (because they do) what do they do?

They don’t view failure in the traditional sense, like it’s something to be avoided and not talked about.

They view it as feedback, of something that didn’t work. They scratch it off their list and move onto the next thing they believe will move them forward towards their goal.

Perhaps you’ve heard the story of Thomas Edison who attempted more than a thousand times to create the lightbulb before achieving success.

A thousand times!

How many people quit after one or two failures, throwing their hands up in disgust and claiming “this stuff is a scam or this doesn’t work”

Okay, I’ve ranted on enough about this and I just wanted you to really think about what you really need to begin moving yourself into the ranks of the top earners. Over the next several days, I’m going to post some additional content on what failure is and how to view it, embrace it and learn from it.

In the meantime take some time to really analyze where you may want to learn a new skill set when it comes to doing network marketing or personal development

How To Build Your Network Marketing Downline

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Are you still struggling with how to build your network marketing downline? What if you could discover a way to build your network marketing downline and build it rejection free? That’s right, build your network marketing downline rejection free and do it 24 hours a day, 7 days a week.

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Discover How To Build Your Network Marketing Downline Rejection Free
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Okay before I get into the process of how to build your network marketing downline, lets look at some of the reasons why people quit network marketing. There are two primary reasons why people quit and they are:

lack of money / revenue generated
rejection from family and friends

Now think about this for a moment and you can truly understand why people quit. They get rejected by their family and friends. They face rejection at meetings because nobody shows up or no signs up. They face rejection when doing cold calling, rejection when they buy generic business opportunity leads and they are hung up on or their calls are never returned.

These tired and traditional methods of how to build your network marketing downline are practically designed to lead you down the road of rejection. Now if you’re facing this kind or rejection and feeling de-motivated, how can you expect a person you do sponsor to follow suit? They won’t and they’ll quit leading you to wonder why you’re putting yourself through this torture.

What would happen if you discovered a way to build your network marketing downline and just totally avoid the rejection? Would you feel better? Would you have more enjoyment towards what you’re doing in your network marketing business and how you approach it?

After you discover how to build your network marketing downline, and you begin teaching it to your team, how are they going to feel? How is your network marketing downline going to feel when they begin to duplicate your efforts on how you build your network marketing downline? Well for one they are going to look to you as a leader because you have helped them solve their problem. In essence you have provided them their MLM Recruiting Solutions.

The Internet has provide home based networking marketing businesses (and you) a tremendous opportunity to build your network marketing downline without rejection. No more having to beg people to come to meeting, or watch a DVD. The Internet has made it possible for you to generate revenues to your business regardless of whether or not a prospect has joined your Network Marketing opportunity.

Your have a primary role when comes to how to build your network marketing downline, which is to provide valuable, informative and action oriented content on your website. Offer people the solutions to their current challenges and they will follow you, they will be attracted to you. Give your prospects what they need and they will gladly check out what you have to offer.

A Word Of Warning
You must be extremely hesitant to join organizations that claim they will build your network marketing downline for you. Watch out for advertisements that shout about having and mlm downline builder, mlm downline builders, mlm downline manager or mlm downline software. Really the old adage of “if it was this easy wouldn’t everyone be doing it” holds true here. There is no such thing as set it and forget it…you as a business owner must have your hands involved in your business if you are to reap the rewards.

If you are ready to accept the challenge to make your life better, to give yourself what you deserve and when you deserve it then consider building your business online. Now if you’re new to the internet have no fear because there are several excellent resources out there to help you build your network marketing downline fast. Add to that the multiple streams of income you can begin to generate by exposing your business to a world wide audience and becoming a 7 Figure Networker.

Check out this Review of Jonathan Budd and The 7 Figure Networker and see why it benefits you to stay ahead of the competition and lead the way to success. This is a fantastic network marketing resource to help you build your downline rejection free.

How To Get Rich Quick In Network Marketing

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Today I reveal the secret that most top earning network marketers do not want you to know. Once and for all the secret is revealed and most network marketers and top MLM earners will be angry at me for doing this.

The secret is:
There really is no secret to getting rich quick in network marketing.

It doesn’t exist. Don’t believe me…ask all the top earners out there if it does exist. Mike Dillard, Daegan Smith, Jonathan Budd, Tim Sales, Todd Falcone and countless others…they will tell you the same thing…it doesn’t exist.

The true secret to achieving success is it takes work and effort.

It takes what I call the 4 D’s.

You need to have Dreams and these dreams need to be big.
You need to have Desire and it has to burn within you to achieve your dreams
You need to have Drive…constantly working, constantly improving your yourself, your skills.
You need to have Determination…when you come across a challenge or an obstacle you need to be determined to bust through it.

I’ll give you an example of this…Daegan Smith when he first started out on line would get up at 5am in the morning and do what ever he needed to do. Whether it was post to his site, submit articles, prepare an ad.

Then he would get ready and go to his job. That is an example of desire, drive and determination. How many of you are willing to do something different to achieve your goals?

Ask yourself this question: ”
What is the one thing that can knock me off track from achieving my goal?”

What is your answer?

Anything other then nothing should not and must not be acceptable to you.

Remember this, if you’re looking for the shortcut to success…you’ll be searching long and hard, because it does not exist.

The true path to success is a straight line.

Check out this great post from legendary marketer Seth Godin with his views on getting rich quick.

Get rich quick

As long as there have been people who want to get rich, there have been get rich quick schemes. The guys who sell mailing lists have a name for people who buy these schemes: “opportunity seekers.”

Raising ostriches, or timing the market or investing in tulips–there’s a long history here. The schemes tend to have a few things in common. They tend to have the same tone of voice (part breathless, part bad design, part ‘we’re just like you’) and most of all, they are too good to be true.

Being too good to be true is the key part, because if it’s too good to be true, maybe, just maybe, it is true. Maybe all those stuck in the mud types aren’t doing it because they’re skeptics, maybe I get a chance to invest in this video program/perpetual motion machine/envelope stuffing scheme precisely because it has scared away the conservative folks who never get anywhere.

Online, of course, like most things online, this has blossomed. You’ll see the long long web pages filled with ALL CAPS and bright colors and testimonials and “wait there’s more!” They look alike for a reason–it’s a signal to the opportunity seeker that this is one of those.

Do they convert watchers into buyers? Sure they do. Do a few people make money? Of course.

There’s a tribe here, and it’s always looking for a new leader. Someone who will sell them an exclusive $1249 course, or ongoing advice and consulting or some other insight that has escaped the market leaders. The more skeptics they generate, the better they do, because the skepticism itself is part of the story that needs to be told.

What’s being sold here? It’s not riches, because if the riches were automatic, the seller would just hire people, right? Why make 1,000 people into millionaires if you can just hire 1,000 people and be a billionaire? No, it’s the belief in riches, the thrill of finding just the right deal, the challenge of getting a relative to loan you money one more time. It’s the frisson of excitement from sending in the money, the rush of impatience that follows as you wait for the package, and then the scary moment when you open the package and come face to face with your dreams.

Of course, your dreams are rarely what you hoped (how could they be?) but soon, you’ll be back for more. It seems that being an opportunity seeker is about seeking, not finding.

Posted by Seth Godin on February 22, 2009 | Permalink

Secret Of Wealth Building

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What is the secret to wealth building?

How is it possible that someone can win a lottery, receive a check for 10 million dollars and be broke within two years?
How is it possible a woman can earn $2.80 per hour and later on in her life…she donated approximately 10 million dollars to charities? What secret of wealth building did the woman know that the lottery winner didn’t?

The secret of wealth building comes down to one thing, your values. When you actually have a value on something, things begin to happen for you. If attaining and maintaining wealth are high on your list of values then you begin to attract the necessary opportunities and people to help you attain your end goal.

This is why it is so very important that you align yourself with people who have similar values and beliefs that you do. To grow a down line that grows right along with you, do not just put in living breathing people. Be selective and attract people who are closely linked to your values and beliefs. When you really examine it, this is a pretty simple secret of wealth building in network marketing.

Discover for yourself where your value for wealth lines up. If your wealth value is near or at the top of your list, ask probing questions of potential recruits. See where they align to your values, this will give you a good indication of how well you will be as a partner to them and helping them achieve their success.

Check out this secret of wealth building video below about how important aligning your wealth values truly are.

Network Marketing’s Pyramid Objection

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Early in my career, as with any and all network marketer’s, you come across the dreaded network marketing pyramid objection. Most people, especially in the beginning have no clue on how to handle this particular objection.

Check out how Todd Falcone answers the, what some might call, the dreaded network marketing pyramid objection.

The most important thing, besides learning how to answer the objection, is notice Todd’s positioning. He is not weak or needy. He’s not coming from a position of weakness and more importantly what he thinks of people who ask this question.

Todd Falcone – The Secret To Success In MLM

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Today I thought you would really like to see this video from Todd Falcone and in it he talks about The Secret To Success in MLM.

Check it out.

How Not To Get Crushed In Network Marketing

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Isn’t it amazing how the majority of network marketing distributors feel. They come into the industry with all the hopes, dreams and enthusiasm to finally be free of the ball and chain known as a JOB. Then for whatever reason they feel dejected, scammed, lied to or just plain frustrated and quit the network marketing industry. A majority of them feel like they are getting steamrolled by there business.

Why do I say this? Well how else do you interpret an industry where the attrition, drop out rate is 95%.

First off why did you and all the people in mlm get involved. You may say it was for the money, but I am going
to guess it was for a deeper reason. It’s probably more for the freedom aspect, be it time freedom or financial freedom.

Why did you feel this way? A variety of reasons I presume such as:

Working ten hour days and only being paid for seven and a half
Being told you can’t stay home and tend to your sick child
Having to work on the weekend when you should be with your family
Watching others be laid off or let go and you having to pick up the extra work load all in the name of productivity

I could go on but what’s the point you already know what I’m talking about.

Yet there is a solution to this problem and you can have the solution and get what you want out of life only if you choose to do so.

Network marketing and direct sales is absolutely fantastic industry to be a part of. A person can enter into the network marketing industry, starting their own business quite inexpensively, and potentially earn more then the person who sponsored them.

Can that happen in the corporate world?
NO
Can you earn more then your boss or the CEO of the company you work for?
NO

Okay so its so great why the high attrition rate? Lets look at one reason here today, the training.

The training taught does not work for the majority of people. Speak to your friends and family. Post signs,
wear “Ask Me About” buttons, put flyer’s on car windows and hand business cards out every where you go.

Question: How do you feel when you go to buy furniture from a furniture store and your descended upon by three salesmen all wanting your business because they can make their commission? Hassled? Bugged? Well how do you think your friends and family feel about you hounding them to get into a business where they can make millions? I’ll let you answer that because you probably already know how it feels.

What about some of the advertising methods they depict as being useful. Remember every piece of paper, every business card, every button you purchase is costing you money. These things are all business related material that are an investment to your business.

The reality is that there is very little or no return on that investment which therefore makes it more of a wasteful expense.

What about the biggest wasteful expense?

Buying generic biz opp leads.

Leads that have been sold numerous times over. Then cold calling those people, having them throw up
objection after objection then finally rejecting you. (or wasting your time, hanging up on you etc…)

The approach being taught is “its in the numbers”. Speak to as many people as you can, sooner or later someone will
say yes to you.

What a waste of time, effort and money. (Lets not forget the rejection in all of this)

Who wants to duplicate this method???

Its a shotgun approach when what you really need is a sniper rifle to target people who want to be involved in your business.

Meaning you can look at the overall population and find within that a group people who are willing to speak and hear
from you. Otherwise known as a target market.

Position yourself in front of these people, with a message of helping them achieve what they want and you will have them coming to you. Willing, ready and able to work with you.

How do you do this you ask?

By giving these people what they want. Information, training and support to help them reach their goals.
They find you, you build a know, like and relationship with them through by being the leader that you are. If you signed up to my FREE Network Marketing Success Course…you already know about how valuable having leadership skills is to your business.
(If you haven’t signed up…fill in your name and email address in the box on the right and I’ll send you your FREE Network Marketing Success Course immediately)

Giving them full value so they look at you and say “Yeah, I want to align myself with him or her”.

Do this and you are magnetic, attracting like minded people all moving towards a collective goal. Help others achieve what they want and you will achieve everything you want.

This my friend is attraction marketing at its finest. This is how you do not get crushed by your network marketing business.

Within the next week you will find the opportunity to begin building your network marketing business the way you dreamed about when you first got into this business. And it is easier then you think.

Again if you haven’t signed up…fill in your name and email address in the box on the right and I’ll send you your FREE Network Marketing Success Course immediately

MLM – Most People Fail – or Do They?

Filed Under Network Marketing 101 | 3 Comments

Check out this excellent video from Tim Sales.
This video will provide you a tremendous amount of feedback on how to handle a prospects objection about MLM

Enjoy and please as always leave your comments.

Eben Pagan Told Me The Keys To Success In Business

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Here is how you discover how to attract stars and foster an environment for them to flourish and grow.
The best tip is how to spot and attract star talent to your organization and more importantly how to retain them.

When you are sponsoring people, are you doing it with the intention of making your prospects life better.
Are you interested in teaching, coaching and more importantly fostering an environment of growth.

Watch this video and if you have a chance over the next several days review these videos and adopt the recommendations into your business.

As always enjoy this video and leave your comments.

A Key To Success – Look For People Who Want What You’re Offering

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Today’s video discusses how to focus on the things that produce more life time value for ourselves. Eben has some incredible insight into on what can really derail you during the day and limit your productivity.

Please enjoy the video