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Reasons Why You Don't Make Much In Network Marketing Business


Have you ever tried any network marketing business and didn't make any good money or you felt you just wasted your time? There are tangible reasons why it turned out that way. Its not really because you ran out of luck like most people think! The reasons are simple! But first, let me tell you something about the power of the internet.
Looking at the speed of the internet and internet driven businesses against the traditional businesses, one can safely conclude that the internet recorded better successes faster than any other work of technology. The internet   in its first 5 years had over 50 million users, the television took 13 years to reach that stage and the radio took 38 years. Companies like Google, Facebook, Amazon, eBay, Paypal, Yahoo etc have all proved that the internet is indeed a gold mine. If you already know all these and tried to leverage on the power of the internet and network marketing, you can be the next internet millionaire sharing success stories!


Now let me show you the reasons why you failed in making much from your network marketing:

1. You didn't understand how the network works:
The same way a child doesn't know what to do with a car handed to him is the same way you would be clueless about internet marketing if you don't seek answers. Firstly you must understand the system and understand who the target audiences are. If you are marketing health products, you know that youll sell more in places where there more sick people willing to pay to get products that will improve their health. You should understand the weakness that the targeted people will be willing to fill once you tell them about the need to join your network program or buy what you are marketing. Here is the logic, generally unemployment is a general problem and even those employed are complaining of low earning or salary. The thing is that network marketing will thrive better in larger areas for both the employed and the unemployed because everyone needs to make more money. 


2: You weren't at the right location:
You really need to understand how powerful it is to choose the right location for any business. Location is everything and the best location is the place where people are willing and eager to join your moving train. For you to stand out, your location plays a very vital role and thats how its should be. You need to position yourself somewhere you are sure to get people buying your products or joining your network. For example, you cannot be promoting or selling a high sugar products, cholesterol or fatty food to people in the hospital, or those who are actually looking for ways to lose weight.

3: You were a bad marketer:
The general description of a bad marketer is someone who cannot talk; convince a potential customer into buying his or her product or convince people to join his network. In network marketing, a good spokesman is on top of the game. Try to understand what your potential customer need and then try to talk the person into giving your product a shot. Find problems your products were made to solve and look for people with such problems to market your products to. 


Be bold enough to convince people to join your network even if they give 101 reasons why they won't. Mind you; you have a very short time to do this. When you receive a "I will get back to you response", make sure you check back on them with more convictions.

4: You are the opposite of what you are marketing:
Have you ever wondered why upcoming artists dress like they have it all even before releasing their first track? Have you ever asked yourself why bank officials are always on suit even when they are not the richest or most professional? Now let me tell you one thing you may have been missing as a marketer; packaging the way you appear and the way you talk is one of the essential tools that must be taken into good consideration. Nobody would want to buy health products from someone whos looking sickly! Neither would anyone give a hungry person money to invest for him. Don't be the one receiving all the time, once in a while give and act like a boss. Package and appear like a boss before approaching someone for a business talk. One look at you and they would be the one asking all the necessary questions.

5: You don't have proof to back yourself up:
You may not be making much in network marketing because you may be missing one or all these proofs:
1). Established Reputation
2). Physical prove
3). Referrals


a) Established reputation: For you to have a reputation in any industry, you must have helped, grown, said or written down different results helping others which in turn makes you appear as an expert in that industry. For this, when you write or give any review and/or recommendation about a product or network, people tend to follow your advice because you have proven to be a reputable person.
2) Physical Proof: Here you already have something as an evidence to show to the people you're trying to convince to buy a particular product. It could be an improvement on your appearance or any other physical change you can boast of.
3) Referrals: People referring you to people can be the best form of any marketing. The best form of advertisement is Direct Communication. People tend to like or want to buy a product just by hearing good feedback from people who have used that product even though they might have watched same thing on an advert for over 50 times without liking or trying to buy that product. 

6: You had a bad communication skill:
There are different ways to approach people at different times and you should try to master the art. Read books on public management, customer relation and marketing etiquette and learn how to talk to people and pass a message across convincing them they need to buy from you or join you.


7: You are promoting the wrong product:
Make sure you try to find out what the people in your surrounding needs then get the best product to fill that problem. You can also get related products and try solution selling where you give them reasons why they need your product and convince them to buy from you.

If you still need more convincing, here are ome popular men in the world who have endorsed network marketing:

- Bill Clinton:
The former United States President, Bill Clinton in a video statement while in office said that Network Marketing and Direct Sales people have helped in keeping the American dream alive and that they not only strengthen the economy of the country but also strengthen part of the global movement that promotes enterprise and rewards individual initiatives.

- Robert Kiyosaki:
Robert Kiyosaki, an American investor, businessman, self-help author, motivational speaker, game inventor, financial literacy activist and occasional financial commentator is best known for his ‘Rich Dad Poor Dad’ series of motivational books and has written over 15 books which have combined sales of over 26 Million copies.

On Network Marketing, he said that Network Marketing is an asset, not a job. It is a B-quadrant business because it meets several criteria like Leverage, Control, Creativity, Expandability and Predictability which one looks for in a business or investment.

- Donald Trump:
An American real-estate mogul, television personality and author, currently the President of the United States and ranked No. 17 on the 2011 Forbes Celebrity 100 list. He is very much actively involved in network marketing as he is the owner of a newly launched Network Marketing Company called The Trump Network.

- Warren Buffet:
An American business magnate, investor and philanthropist, Buffet is widely regarded as the most successful investor in the world. Often introduced as the Legendary investor, Chairman and CEO of Berkshire Hathaway and was ranked the Worlds Wealthiest person in 2008 and in 2011, 2012 and 2015 the third wealthiest person in the world.
When referring to Network Marketing business, he said it is the best investment he has ever made.


BUT!!! 
Even with all these good things flying around about network marketing, you still need to be careful not to fall a victim of the wrong system. Make deep research about a network marketing system before diving into it. Ask questions and keep asking till you are convinced they are not after your money and not your progress! 
So, let's hear your network marketing stories! What has worked for you so far? What hasn't? or are you one of those who prefer not to go that way?

3 comments:

  1. Impressive... This is really amazing!

    ReplyDelete
  2. Thanks for your information, it was really very helpful: Multiple Streams of income

    ReplyDelete

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