Biggest Mistakes made by Network Marketing Amateurs



Read More: Discipline  |  Personal Development

1. Hoping for a free ride. Too often people think that by signing up
one or two “key” people they will be all but done and enjoy a big bonus
check forever. The other free ride lie is when you are told by your
upline that you will inherit a huge organization or downline from them.
While the comp plan may allow your upline to build underneath you that
won’t make it free money. It is going to take work and time to build a
profitable organization and any thought that you can get around that is
nothing more than a lie.

2. Ashamed to be a Network Marketer. In order to have Huge Break
through income in this business you must make it a part of your life
and who you are. All too often people see the earning potential and
decide to get involved but they are never truly committed, only
interested. The products, and the business need to become a part of
your lifestyle if you want to have the BIG residual income. That
doesn’t mean this has to be the only thing you do for 40 hours a week,
but it must become a part of your lifestyle.

3. Forgetting this is your own business. Unlike a 401K or Mutual fund
your Network Marketing business requires attention. You would not buy a
fast food franchise and expect it to send you a paycheck if you hadn’t
done any work. Your Network Marketing business is a business and like
all other business ventures it requires: 1. An initial investment. 2.
Ongoing Overhead 3. Training by Experts 4. Time & Energy (equal
to the rate of growth you desire) 5. Branding & Advertising. If
you aren’t willing to treat it like a business don’t expect to be
successful.

4. Not Patient Enough. Getting out of the business in less than 6
months is always a mistake. There are four phases to this business and
the first is the investment stage. Just like any other business venture
in the first 6 months are so you will invest more time, money, and
energy into your business than you will get out. That is normal and to
be expected. If you are in the right company and working the system
correctly after 6 months you should enter the Momentum stage and begin
to get paid well for what you are doing.

5. Looking for people who need your business. A big mistake that many
people make is to look for the people who need your business/product
and forget to look for the people who your business needs. A CEO of a
mouthwash company would not recruit employees based on the criteria of
having bad breath. It would be important to tell all people with bad
breath about your product but as the CEO of your own Network Marketing
business you need to look for the people who will help your business
grow. The people with the international contacts, existing network,
business sense, track record of success, etc.

6. Massive Pro-Activity without Massive Training. In this business you
need a strong concentrated but balanced dosage of both Pro-Activity and
Effectiveness. Pro-Activity only takes committment and can be done by
anyone. Being effective on the other hand requires going through the
trianing material and finding a coach/mentor within the business to
hold your hand. One without the other will prove your doom. Both
together will make you un-stopable.

Jacob S. Paulsen

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About the Author: Jacob Paulsen

Member Since: 02/17/2009

Industry: No Industry Selected

Primary Web Site: No Website Entered

Comments

Hit the mark

I think you nailed it right on the mark. Very good information with no sugar coating. Way too many people think if I could only get one or two big fish signed up it would be easy street. As with any business, it has to be in you and fore front. Thanks for your insight

James Potter — Thu, 02/19/2009 - 8:01am

Thanks!

Appreciate the comment!

Jacob Paulsen — Thu, 02/19/2009 - 11:27am
 

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