10 Causes of Failure in Network Marketing
Why People Fails in Network Marketing
When getting started with Network Marketing, we get very excited not knowing that there are a lot of factors to consider in order to succeed in MLM business. Below are some factors that can lead into your failure in Network Marketing Career
1. Can lead to lies and excuses
Many people doing network marketing at some point lies about the product and earning potential just to earn money and recruit people
2. Over promising
People will promise of how quick you will make money in network marketing, without telling you all that is required to succeed in network marketing
3. Uncertainty of achieving success
Network marketing industry is very challenging without a lot of potential, but success in network marketing is not guaranteed as any other business outside there. Failure is always daring you on the face.
4. High expectation that might be fault expectation
Many join network marketing with high expectation from their sponsors which sometimes ends up being lies
5. Very time demanding
Network marketing is very demanding and most people doing this business on a wrong note will tell people that all you have to do is get two people and that is all.
6. Requires a lot of effort and persistence
Success in network marketing also depends on your persistence to follow people and do as many presentations as possible. Those doing network marketing on a wrong note will not tell you about this.
7. Chances of failure is 90%
Failure in network marketing is the most guaranteed outcome if you came solely to make money from your partners while you do not give them a lot of support
8. You will loose most of your friends at the expense of creating new ones
Be prepared to loose most of your friends as they will not understand why on earth you can decide to get into sell industry which some would considered as the last refuge for failures
9. No laid down procedures to regulate the industry
In some countries there are no laid down procedures to govern the operation of network marketing companies and might disappears after a short while
10. Many are attempted to promote it as a get rich quick scheme
Since human nature requires something for nothing, will always want to make money at all expenses and would promote network marketing as a get rich quick scheme.
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