Different Reasons For The High Failure Proportion In The Network Marketing Industry
I got to thinking about this yesterday and thought I'd write a sudden post regarding my belief of why I think the network marketing failure rate is so high...Why Do People Quit?
In my humble opinion, network marketing gives wonderful chance for wealth creation for the normal person. The admission fee to begin your online business is cheap and the advantage is great. The low entry fee is why many people who do not have the entrepreneurial drive get involved. They are suckered in by claims by companies of making stalks of money while the marketer is either sleeping or on the beach.
To thrive online, it takes efforts. I understand...that's a word no one likes to hear! To give you an illustration, I got an email from one of my downline members recently who had received an email from his downline member. His downline member was doubting if the program she had joined was actually going to work because she hadn't gotten any registrations in her 1 day of marketing! She was feeling that the program could be a scam! This, unfortunately, is the outlook of the majority of "network marketers" and adds very much to the 97% failure percentage and high abrasion rates that we always hear about. This failure rate is equivalent with people commencing off-line businesses as well.
Many individual are only not outline to run their own business. It's not in their make-up and that's OK. But, this makes the failure rate randomly high. I have no way of proving this but the failure rate of people who really apply themselves and have a success-oriented mindset is much lesser than 97%. Maybe lower than 50%.
Another contributing factor is "The grass is always greener on the other side". This statement is rarely right. I've learned this hard-way all through the years in my offline business life. The key is to find a business opportunity, or a few, that you consider and that are rightful, and work those programs. If you don't understand how to market, learn. That's what I'm doing with MLM Lead System Pro. I have been in sales and marketing for my entire 20 plus year career. Online network marketing is dynamic and we all have to study as much as we could and apply what we learn in our marketing hard works. If you teach yourself constantly, you will understand more than 95% of your rivalry. Many people are either besieged or too lethargic (sorry) to apply themselves.
Then, it is the sponsor's work to relay this information onto their members. I have been engaged in some business opportunities where I never hear from my sponsor. These people will never be flourishing. Regardless of what your experience level, you must instruct, guide, and motivate your downline. At times this could be difficult since they are not receptive but you still need to do it. This will come back to you ten-fold as your message will reverberate with some.
Fundamentally, it is my view that the failure rate in network marketing is increased by the people who shouldn't be in the business to begin with. With a pessimistic outlook, there is no way to be successful. Without seeking out and following a verified system there is no way to be thriving. For those who are providing true effort, and consistently educating themselves, I assure you that there is light at the end of the tunnel. Do not give up as this is a great business with plenty of room for everyone who wishes to thrive. And create the lifestyle that they've forever dreamed of.
