If you’ve been working your MLM business and decided to give yourself a review… Would you be getting a raise, or fired?
I’m going to rant and rave a little in today’s post because for the life of me, I cannot figure out why someone would spend their hard earned money to start a network marketing or MLM business, and then do next to nothing…
I do get it, I’ve been in the business long enough to know it’s a numbers game. Some will, some won’t, so what, as the saying goes.
What really prompted this post and completely baffles me about having a MLM business is…
Recently a new platform came on the scene which is free to become a member of. Sort of like Pinterest, Instagram or the others where you need to be invited to join.
I’m not going to get into details here, but it has tremendous potential just for sharing and introducing it to others.
People join and are asked to share it with 5 friends. Who join for FREE and are asked to do the same. The system is cool, hip, and the marketing is some of the best I’ve seen…
So why is it that only 2 people out of 30 will share it? Is it because it was Free to join?
The answer is a resounding NO!
It’s no different if people join a free system, or start up a MLM home business and pay $500 to $1000 to get started! It seems like only 1% of the people will actually get off their butts and do something.
So Free isn’t the answer.
Here are 5 Reasons Why People Start a MLM Business In The First Place!
1. They HATE their J.O.B.
2. They want to earn some additional income.
3. They Hate their J.O.B.
4. They want to spend more time with their family
5. They love a product or service so much because they had a great experience or results using it, they want to get paid for sharing it.
6. They want to be their own boss.
7. They were talked into it by a friend or relative.
8. They were told its easy money.
9. They Hate their J.O.B.
Okay, so I’m having trouble counting today. I could list several more reasons but these are some of the top reasons why people start a MLM business.
Yes, I listed they hate their J.O.B. three times because I hear that more often than not. People are sick of office politics, punching a clock, making a long daily commute, they are stuck in a dead end position with no room to advance, or are afraid of that pink slip so many companies are handing out these days.
So Why Don’t People Work Their MLM Business After They Join?
That’s the million dollar question! If you have some thoughts I would appreciate you leaving a comment in the box below. Here are some of the reasons I can share from my experience.
1. They Don’t Have an Entrepreneurial Mindset.
Most people go through life working a 9 to 5 J.O.B. There is nothing wrong with that, just remember, it doesn’t take much motivation to get up everyday and drive to an office to do the same thing, day in and day out. A lot of people are use to working 5 days a week, collecting a paycheck, and never having to take their work home with them. Make sure you browse around this site to understand how you can compare and save a lot of money for your business.
They have an employee mindset, not an business owner mindset. Again, there is nothing wrong with that mindset, it’s just more difficult to be successful in a MLM business with a employee mindset.
You must learn to create your own structure and realize having a MLM business is no different than running any other business. It will take a lot of hard work, regardless of what people may tell you.
2. No Direction or Training
This is my biggest pet peeve. If you are going to sponsor someone into your MLM company then it’s up to you to take them by the hand and do everything in your power to help them be successful. I just hate the fact that there are so many people who sponsor solely based on making that quick sign up bonus buck, and then leave them to figure everything out on their own.
I realize you can only help the willing! I’m not suggesting you babysit your entire downline or try and micromanage everything. Remember, your team will do what they see you do. In order to create duplication, you must provide leadership and guidance. You may seek for a UK small business risk assessment advice. If you do nothing, that’s exactly how you are teaching them to run their MLM business. Be proactive and communicate with your team several times a week. Your excitement and motivation will become contagious.
3. Motivational & Organizational Skills
Starting a MLM business requires a different set of motivational and organizational skills. In the standard workplace things are pretty well mapped out for you. But when you start your own MLM business there is no one looking over your shoulder making sure the work is getting done. Being your own boss means not having to answer to anyone but YOU. (maybe your upline if you’ve got a good one and they are engaged and dedicated to helping you succeed. But good luck with that!).
“Motivation is what gets you started. Habit is what keeps you going.” Jim Rohn
Starting a MLM business requires someone who is self-motivated and organized. Basically it comes down to the type of person you are prospecting. More on that in a moment.
4. Overcoming Objections
Working for yourself in a home business brings a whole new set of objections that must be overcome.
The number one objection to overcome is dealing with that familiar little two letter word, N.O. This one word is probably the most powerful motivational deal breaker in the English language. Humans by nature are not programed to accept hearing NO on a regular basis. If you are starting out in a MLM business then you must become immune to the word no! Click here to read my 5 biggest obstacles to overcome in your MLM business.
5. Prospecting the Wrong People
Believe it or not, and contrary to what most people are taught by their upline, prospecting your friends, uncle Bob, and everyone that comes within 5 feet of you is NOT going to build your MLM business. Prospecting “UP” is the best way to build a team. What I mean by that is to look for people who are business owners. They possess the qualities mentioned in the first 3 steps listed above. Realtors in my opinion are some of the best people to approach. Click the MLM link above to learn why.
Well where do you stand in your MLM business? Do you have an entrepreneurial mindset? Are you motivated, prospecting the right people, good at overcoming objections, and working closely with your teammates?
Okay, so after reading this post, will you be getting a raise, or fired?
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Don’t Forget to Leave a Comment Below, I would love to hear your thoughts on this subject!