What Makes You Think You Have Even The Slightest Hope

Do you know enough MLM success strategy to begin building business successfully today? If you just started a home-based business would it be reasonable to expect that you should know everything about your business before you start making sales calls? If you’re not competent in reading your script does it make any sense to start making calls? If you haven’t read any books on marketing or taken any courses in sales is there much chance of you succeeding? With the majority of people quitting their network marketing business within 90 days, wouldn’t it be smarter to get prepared first before investing a bunch of money?

Also why should you get involved in a profession that has such a monstrous mortality rate?

Only The Top 5% Make Any Money

With only approximately 5% of the hundreds of thousands of people getting involved in a home-based business it would seem that the industry has a lot in common with Las Vegas. People go to Vegas saying things like I’m only going to take $1000 and when it’s gone I’m coming home. That kind of statement would suggest that the person knows in advance that he’s going to lose his $1000. Or how about the cliché "What goes to Vegas stays in Vegas." The odds run in favor of the house and with only 5% succeeding in a home-based business the top 5% would appear to share that same advantage.

NONSENSE – JUST LEARN TO AVOID THE PITFALLS!

Top 10 Reasons People Fail in Business:

No Concrete Goal – this group prefers to avoid the perceived pain of failure by creating non-specific goals such as: just make some extra money, I’ll give it a go and see how it works, I’ll try it and see how I do, I’ll do my best. A goal needs to be measurable and observable e.g. I will earn $1000 per month within four months of my starting date.

Unrealistic Expectations -they have a lotto mentality while most openly say they don’t want to get involved in a get rich quick scheme they are unprepared to commit to a five-year business plan as most brick and mortar entrepreneurs would do.

3. Unwilling to invest capital - they want to receive money but are unprepared to invest any savings into their business. Resistant to buying business cards, websites or leads to promote their business.

4. Focused on self – they want others to make them wealthy. They recruit several people and then want to become managers rather than help those new recruits have success.

See Part 2 on Wednesday

It really does not matter one bit how great you are at marketing or how much MLM Success Strategy is if you have no customers to present your business, products or services to. It also won’t matter how great your products, services or business is if you can’t afford the incubation time needed for it to produce a solid return. Without exception both these obstacles must be overcome.