Many people start network marketing businesses dreaming earn lot of money. Few thinks it’s a get quick rich scheme.
Few people join Network marketing just by seeing the wealthy leaders.But most of them fails. Only few succeed.It’s a fact that only 4 out of 10 network marketers will experience any significant income milestone in their business and only 1 out of 10,000 network marketers will earn at least a million dollars in the business.
There are many reasons why they fail in Network Marketing or Multi-level marketing and I’m going to point out exactly what people should look for, so that doesn’t happen to them.
1.They don’t take the Business Seriously:-
Many People Think this is short term. People think that to qualify in business you need a large capital. First you must take the business seriously, only then you will prosper.
2.Lack of learning:-
In every business, if you don’t have knowledge and experience, you’ll surely fail in it.
Most people fail because they don’t learn the basics of network marketing business. They just go out and start working directly. And when someone rejects them, they feel disappointed.
So before involving in Network Marketing learn basic of Network marketing. Every Network marketing company has a training program, start going to the training programs and learn how to do the business.Talk to your upline regularly and ask for help whenever needed.
3.They think it is a Get Rich Quick Scheme:-
This is get rich business, for sure. NOT a get rich quick scheme. If you want to succeed in this business, you have to think like a farmer. People fail in this business because they only want to ripen the fruits on the harvest, while they don’t intend to go through the efforts of ploughing the fields, planting the seeds, fertilizing the soil and watering the sprouts consistently.
Also Read:-BENEFITS OF JOINING NETWORK MARKETING
4.Lack of coordination with their team members:-
Most People once they made an initial sale they don’t bother to train the new team member.
Sometimes it happens that some of your friends or relatives bought the products on your recommendations or joined in the business with you, but if you don’t teach them how they can earn, then your income will stop as well.
If you want to success in Network Marketing then respect your upline and guide your downline. After you make an initial sale, teach your new members what you have learned and also encourage them to go to the company events and training programs.
5.NO WRITTEN GOALS:-
If you don’t write down your goals, you will soon forget them. With all the distractions in life, forgetting is easy. When you first joined your network marketing company, you must have had a goal. It could have been anything—to buy your own house, your dream car, or even to get fit! To help you remember these goals every day, you must have a dream board.
These are mainly 5 reason to fail people in Network marketing.
but there are many more reason to people fails in Network marketing like lack of hard-work,communication skill,have no basic knowledge of business.