Let’s face it, people fall off the Network Marketing bandwagon left and right. If they don’t see crazy success within the first few months, then they are quitting or slowing down. In fact the large number of people who drop off are the reason why everyone else thinks they can’t be successful in Network Marketing.
The reality is that there are quite a few reason why people fail in Network Marketing or jump from company to company. I want to share all of them with you in hopes to fuel your business success or encourage you to be more mindful before joining the wrong Network Marketing company.
So let’s get started on my “fail” list, if you will, in the realest way I can (because that’s how I roll).
They are quitters - A quitter, is a quitter, is a quitter. If giving up is your MO, then Network Marketing is not for you. Network Marketing takes a TON of perseverance.
Big promises - They were made big promises before or during signing up and haven’t seen the moola come in that they were promised. Side note: be weary of any one promising you something that sounds like a get rich quick scheme. If money came fast and easy, all of us would be rich.
Bad compensation plan - If you are working with a company that doesn’t have fair or sustainable compensation plans, your efforts will never be adequately compensated. Find a company that focuses on sustainable compensation of consumable goods.
Lack of support - I am only going to touch on this one because I believe your success is in your hands. However, I acknowledge the importance of support and training in this business. If you don’t have either of those things success is A LOT harder to achieve.
Not networking - The first part of Network Marketing is networking. You MUST find ways to get out there and meet people besides your current friends and family. If you don’t, you will find yourself having the same conversations over and over again with the same people and wonder why you’re not growing your business.
Not marketing - The second part of Network Marketing is marketing. You have to effectively learn how to market yourself and the products you are selling. The more effective you are at marketing, the more products you will sell, and the less salesy you will be. Trust me. Marketing is way better than selling.
Not treating the business like a business - Most people go into Network Marketing expecting miraculous results without putting in the time, energy, and finances that most people would on a brick and mortar business.
Fail to grow as your business grows - If you are not developing your mindset and skill set in order to keep up with the growth of your business and learn new things, you will find yourself plateauing and failing to continue moving forward.
I realize, I said “you” and “they” throughout these bullet points. Please don’t take it personally unless you are using this to be proactive in creating success in Network Marketing OR that specific bullet point applies to you. If that is the case you can use it as inspiration to make a change and ride it out until you see success in your business.