Why Most Network Marketers Go Broke Trying To Build Their MLM Business...
So why do most network Go Broke Trying To
Build Their MLM Business? It’s simple really, they
spend more than they make. That’s it, there’s more
money going out then coming in. Let’s take a more
detailed look at that….
When starting an MLM business, most people don't
realize or aren't told, " network marketing is a
business of marketing and promotion
pursued by people who have no clue how to
market or promote! " Now that's not mine, if you
haven't read Magnetic Sponsoring by Mike Dillard
yet, I highly recommend it.
They probably don’t realize or haven’t been told, building
a profitable MLM business takes time.Time to develop the
skills necessary to effectively prospect, market and promote
their MLM business.Building an MLM business also cost money.
As with any business even traditional businesses there are
operating cost .When you start you MLM business,
there are Marketingand Advertising cost associated with it like,
your Company’s monthly product auto-ship Cost.
Important: If your advertising and marketing budget is
spent entirely on promoting your primary business and no
one joins, already your operating at a loss. For example,
you have a budget of $300 per month for advertising and
marketing, and your Company's monthly product auto-ship
is $200, that's a total budget of $500 per month.
Unless you're natural born confident sales leader,
and are very good at cold calling leads,
going into your network marketing career you'll
probably Struggle to sponsor enough
Reps to offset your monthly operating cost.
Don't get me wrong some people are very good
at cold calling leads, but most people aren't.
So what happens to most people after they've
spent Hundreds or even thousands of dollars on
leads, and marketing with very little success
after months of effort? You Guessed it, They run
out of money. They get burned out and then...
They Close Shop.
In Part 2 we cover How to Avoid Going While Building your MLM Business...
Here's to your success,
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