No Powerful Why is One Reason Why People Fail in Network Marketing
February 22, 2012 9:15am CST
There are a lot of reasons why most people fail in network marketing. They are lured to a business where the products are not unique and sound. They think that it's so easy to do and they'll get rich quick but soon find out that it's a Ponzi/pyramid scheme or scam. But here's another reason why. They each don't have a powerful "why." You really must have a very strong reason why you're doing this business. It can't be all about money. Most people bomb their business venture simply because they are doing it for that dream trip to Walt Disney World they dream of affording or because their kids want to be the rich ones in the block. It doesn't work that way. I joined one business of the type (name not mentioned) not because I want a ton of money. I joined because I couldn't find work after completing college and receiving job training under vocational rehabilitation services. Job applications are increasingly Internet-based, and a growing number of them throw in personality tests with pointless answers. That's the hard part after interviews in applying for a job as an autistic. I don't want to be in that rut. I don't want to be in that high unemployment rate of autism any longer. I don't want to be accused of "being lazy" and to be told to "get a job," even with that statistic. That's the reason why I joined the business. Therefore, your "why" should be far beyond money. So what are some sound tips that would make people who joined their businesses find their powerful "whys?" Do those whys come to them naturally or do they just take time to find it? If you are in a network marketing business yourself, tell me your "why" in joining it. (Just don't mention your company name.)
• Chennai, India
22 Feb 12
There was one more reason for my failure in MLM. I had a team of 6500+ people and the company turned to be a scam. (We just finished our business today and went home. When we came to the office the next morning, we saw the MD in a hospital. We waited for a week and finally realized that the company has been closed and the MD didn't return.) At that point I was having nearly 350+ new signups everyday in my team.
• Chennai, India
23 Feb 12
I've been working in a Government organization for about 21 years and left it. It's boring and annoying to work under and with idiots. I've been doing some other online marketing too, so I just managed the sudden fall in the income. Looking for another one offline. (I'm owning a semi-online business too.)
6 Apr 12
I feel for you, venkataraman. That really is a sad story. It's not that easy to build such team, and when the company you have partner up with turned scam, that is really disappointing. I understand the feeling you're having right now, and as we have learned in our trainings in network marketing, people make decisions more by their emotions. Now that you're feeling disappointed, I won't encourage you to come back and rethink network marketing. But when you're ready, the door is always open for you. One bad apple in the network marketing industry should not affect your whole view of this big industry. But for now, let that sad emotion sink deep into you for a while.
22 Feb 12
I differ with you and would like to express my views. You mentioned that the products are not unique. Unique? How many unique products are available in the market? Yes,the company which has not any good quality product support will be ponzi or scam. But a good product based company is a good company and are running well since long. Some has passed 50 years. The beauty of Network marketing, i.e., direct marketing is residual income. In residual income your income will never fall or decrease. In normal business our income depends on our work hour. Could any of us claim that our income will continue if we stop our work. This system gives us true financial freedom. Of course if we succeed. For this business one should have a dream, determination and ability to spend few money for learning. I joined with a company to achieve financial freedom and time for my family.
• United States
22 Feb 12
Not all products are unique, but certain ones have to stand out and be sell-able and high quality. They have to have a good support for them. Those are few things that make a network marketing company legit as well as profitable. Sadly, some companies are scams because their products lack some of them. By the way, thanks for sharing your "why!"
• United States
23 Apr 12
i have joined to reach financial freedom , to be able to provide the best life and opportunity for me and my family , i kept my original job , I'm a dentist , and started with the right company that they call it the Ferrari of network marketing because of its fast growth and powerful system , it is binary SYSTEM . . I WAnt to RETIRE AT THE age of 45 or do limit my field to certain things ( specialize in certain areas in dentistry ) ,, i wish you the same happiness and success in reaching your goal ...you are on the right track