What does it really take to be successful in network (multi-level) marketing ?
Firstly, we would not like to argue about the terminologies and bring you round the bush.
People say that we are 'actually' not in direct selling' business.
Well, of course that definition will depend on your country's regulation.
The reality is, in this MLM business, we need to recruit and encourage consumption of the products or generate sales, so to speak.
The next time when you attend any ground floor business opportunities or home based business previews, take a good look at the faces of the people who
attend the meetings. if you carefully analyze the crowd, you will notice that many jumped into the band wagon without knowing the harsh reality of the industry.
7 SECRET TIPS: FINDING SUCCESS IN NETWORK MARKETING (MLM) BUSINESS
Leaders' Knowledge
Our experts have been regularly asked about what are common issues network marketer (down line members) face in this kind of business.
Here are our survey and commonly agreed conclusions from seasoned (experienced) MLM veterans:-
- 1. Educate and remind yourself on the original objectives of MLM and how it is different and also how it is similar to traditional business.
- 2. Passionate about the business. Persistence and with a 'never-give-up' attitude.
- 3. You need inner spiritual strength for motivation. You need to develop a strong believe you can do it
- 4. Willingness and openess to learn the techiques to recruit (how to strike a conversation and stir interest), promote the products and business and preparedness to handle objections from setting appointment to sales. This topic at times falls under strategy.
- 5. Develop and sharpen your skills to multiply the spirit of 'True Business Ownership'. Ability to find, develop and expand leadership in your own down line (network) organization.
- 6. Setting up a good tradition, good success habits or leadership culture in your organization starts within (myself).
-
7. Understand the mathematical law of probability and also the attrition statistics.
While it is true that leadership skills and other factors are important for your success. This 7th point is crucial to your success and would not be complete without it. Once you realize this last point (based on your application of the other 6 points), you would know the exact lifestyle of a network marketer. Just like laying a string foundation for a house, you would need to lay strong foundation in your MLM business. Be prepared to learn the reality is that you can not lose more people than you sustain them. You must not lose people more than you recruit (or down line membership growth). Got the point? People used to say it is a number game. Yes, it is. We dont want to sugar coat this fact. However, the business, all in all, is still worth for investment and consideration as a pathway to financial freedom. Why we still say it is worth it, because it is due to the strong, unique benefits of owning a business that is low cost, comes with low risk and best opportunity to enjoy financial gains via global expansion (pioneering new market).
See you again in the near future.