The
Top 10 Mistakes Most Network Marketers Make and How to Avoid the Disaster That Follows
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Biggest Mistake #10
Loving
Your Product
Almost
all network marketing companies have great products. But the first thing you must ask
yourself is, “Can I make money with this product?” Is your product priced so
people will buy it? Is it a product people will call you to buy? Is it a product which
appeals to most people? Mistake number 10 is joining a company because you fell in love
with the product. Ask yourself, “Is this a product I can use, recommend, sell and
make me a profit?”
Biggest Mistake #9
Dumping
On Prospects
Many
folks pull up to a prospect and dump a ton of info on them at one time. Everything they
know about the company, compensation plan, and products. God blessed us with 2 ears and
one mouth for a reason. We need to spend twice as much time listening than we do talking.
Your prospects will tell you everything you need to know if you will only LISTEN to what
they have to say. Your prospects will tell you everything you need to know to become their
sponsor in your company. They will tell you what’s missing and what changes they want
in their lives. When you’re talking, you cannot hear your prospect. Remember we have
two ears for a reason.
Biggest Mistake #8
Not
Having A 99.9% Why
In
order to be successful in network marketing you need to know exactly what your motivation
is. I always ask the people I mentor: “What is your why?” Is it big enough to
keep you going when the going gets tough? It has to be. What is your driving force? Your
“why” is not about money. It is never the money that keeps someone going. It is
what you would do with the money. If money wasn’t an issue where would you live? What
would you drive? Where would you vacation and how often? You must know why you are here on
this planet. If you have not written your why, stop right now. Close your eyes and picture
what your perfect day would be. Then write those thoughts down and read them everyday.
Biggest Mistake #7
Making
a List Of
Family
& Friends
How
many times have you heard: “The first thing you need to do is make a list of everyone
you know and let’s go get them in.” There is no doubt in my mind that the
Hatfield and McCoy feud started from one of them signing the other up in their home based
moon-shine business. Your friends and family love you and want to save you from this
terrible thing called MLM (multi-level marketing). I believe in only working with people
who seek me out. Which brings up the next biggest mistake.
Biggest
Mistake #6
Not
Having a Proven System
Making
a list of or recruiting everyone within three feet of you is not a proven system. To have
massive success in this industry you must have a system that anyone can use. This system
has to provide you with a steady flow of targeted prospects. What is the difference
between a targeted prospect and everyone else you know or meet? Targeted prospects have
the same desires you do. These are prospects that already made the decision to create
extra income. They have raised their hand and said, “I want to know more.” Do
not join a company that cannot show you a proven system of generating leads that line up
to join you.
Biggest
Mistake #5
Convincing
Instead of Attracting
Have
you ever told anyone, “I know you would be good at this” or “Hey, why not
join me? You’re already doing it everyday anyway!” Do you find yourself looking
for people who need what you have? At one time or another we’re all guilty. The
problem with this is there’s a universal law attached. It goes something like this:
if I convince you to join today, then I’ll have to convince you to join again next
month and the next month and the next. If you constantly have to re-sell your business,
how will you ever automate your income? The answer is: You won’t. Not only will you
not have time to enjoy life, you won’t even have time to find new prospects because
you’ll be spending all your time re-recruiting the current ones. This is why I make
it a rule to only sponsor people into my business who ask to join me. Aside from the logic
behind it, it’s fun when you have people calling you and asking to join you!
Biggest
Mistake #4
Failing
to Understand the
Compensation
Plan
Most
networkers start their network marketing business with dreams of making the big bucks. Do
you have any idea how many people it takes on your team to meet your income goals? Now,
we’re not talking about a one time recruiting bonus. No way. We’re talking
monthly recurring income. If asked today, “Can you tell me how many people you need
to make $5,000 or $10,000 a month with your company?” Could you answer? You
wouldn’t accept a job offer if you didn’t know what the pay was, would you?
Remember: network marketing is a real career, just like any other. Yes, you have more
freedom and a greater potential for profit, but it’s still a real business and you
need to know what you stand to gain financially from it. You must know those numbers.
Biggest
Mistake #3
Never
Reading the Contract
99.9%
of everyone who joins a network marketing company does so to create a walk- away or
retirement income. Isn’t that the dream? You want to work a few hours a day for the
next few years so that you can retire and live your perfect day everyday, right? It’s
great to have a dream, but don’t get so caught up in it that you’ll sign up for
anything that promises to deliver. It is unbelievable how many people join a company and
never read the Policies & Procedures. This is your legal, binding-in-a-court of law
contract. When you read your contract, look for these clauses: on-going sales, continuing
sales and termination without cause; just to name a few. These clauses in a contract
will keep you from ever retiring from your company. Would you join a company knowing from
the beginning that you could never be able to hang up the six shooters and enjoy life?
Biggest
Mistake #2
Study
Products Instead Of People
Many
years ago salespeople needed to know everything about their product. Selling such products
was simply a matter of convincing your prospect of the product’s value after
explaining all of its benefits. However, we now live in the people age. Network Marketing
is about people. Sure, there have to be great products. And there usually are. Sure, they
need to enhance the quality of life for those purchasing them. And they usually do. But
there's more: Network Marketing is about people gaining control of their lives, following
their dreams, living their values and supporting other people to do the same. That's why
so many distributors never really make it. Their focus is in the wrong place; either on
product itself or on making themselves a lot of money--both of which are relatively
unimportant to everyone else in the world. Network Marketing is about relationships.
And Now the Biggest Mistake
Networkers Make
Trying
to Be a Heavy Hitter
Most
Heavy Hitters are red slamming jamming salespeople and there is no way you too can
duplicate what they do unless you are a red slamming jamming salesperson yourself. These
are the type of recruiters that deceive and take advantage of folks. They are a cancer to
this great industry. The Heavy Hitter has one focus: to TAKE and do whatever it takes to
recruit you; including unethical things and practices. Why? It’s all about the dollar
for them. They provide no training for their team. It’s sink or swim. They don’t
care if you make it or not. A Heavy Hitter is like a snake slithering around on the ground
looking for a new victim to prey on to replace one that just died. To be successful
in this business you must be a Mentor and Coach to your team. You must help them avoid the
Top 10 biggest mistakes and the many small ones that your experience can help them to
avoid.
Conclusion
I
hope this report will help you in some way reach all of your goals and dreams. Have you
ever wondered why some people have success and others don’t? Do you know the three
infamous techniques that most companies teach but you must avoid to have massive success?
Would you like to know how to spot the companies that will steal your paycheck? Learn the
single most important thing you must do for massive network marketing
success……yet no one does it. How about learning how to never hear NO
again? If you are ready to find the skills necessary to win in the network marketing
business contact the person that gave you this free report to set your free one-on-one
coaching visit.
(This
free report was prepared by our good friend and personal mentor.)
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on how to be successful in your
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