Home Based Business Tips Archives

If you think back over the years, how many times have you given up on something because it was too hard, or you couldn’t be bothered or you just lost all motivation? People fail in life so many times and sometimes you probably think to yourself…What if? What if I had of finished that task? Would my life be different today if I didn’t quit?

Many people fail in Network Marketing and it’s not because of the products or the company or the people. Most people that fail in the Network Marketing industry are the first to point blame at everything and anything before they take accountability for their own actions and decisions. It all comes down to what you are willing to do and to sacrifice to be successful. Here are a few of the main reasons, in my opinion that people fail in their Network Marketing business.

What…It’s not a get rich quick thing??

So many people come into the Network Marketing industry thinking they are going to make money super fast! They think as soon as they join, they will be rolling in cash. A Network Marketing business….is a business and it requires work. You don’t go and buy a Subway franchise, not open the doors and expect to make money do you? A Network Marketing business is exactly the same. If you are brand new to this industry it does take a while to learn about what you are doing and if you aren’t marketing the opportunity and talking to lots of people, you aren’t going to make money. It surprises me how many people quit after only being in the business for a few weeks. They expect the money to come to them immediately and if it doesn’t they start blaming other factors for the lack of their own success.

They are not fully committed…

Having a business that you work from home can be quite challenging to stay focused and committed. Lots of people in Network Marketing think they are doing everything it takes to make it work, however they spend the majority of their day procrastinating and doing pointless ‘work’ on the computer. To be successful you have to be organised and focus on the most important activities, like prospecting and generating leads. If you don’t have anyone to talk to, you won’t make money!

Selling the product…

Many people come into Network Marketing thinking they have to sell, sell, sell! Selling is what puts a lot of people off. If you go into this thinking you have to sell the product or people won’t join, you’re handling it they wrong way. Firstly people are looking for a change. They want to be able to join a business they can operate and if you go in with the hard sell, they will most likely think…I can’t do that? I’m not a super sales person! The most important thing is to find out about the person and build relationships. Find out what they are looking for and why they want to make a change in their life.

The Blame game…

Another reason people fail in Network Marketing is because of their lack of accountability. If they aren’t having the results they expected they start the blame game. They say their up line isn’t helping them, or they don’t know what to do, their prospects don’t call them back, bla, bla, bla. The list could go on for ever. Instead of looking for reasons why they are not having success, they should be looking at what they need to do to create the results they expect.

Getting ready to get ready…

When many people get into a Network Marketing business for the first time they tend to become overwhelmed by everything. They spend so much time going through websites and training that their brains become overloaded and they don’t know where to begin. So instead of taking it right back and focusing on the most important part, they get trapped and confused. Lots of people fuss about, trying to know every single detail of the compensation plan and the company when really all of that isn’t even that important. Talking to people is number one and it is scary at first! Really scary! Some people give up on their Network Marketing business before they have even built up the courage to start calling people! They don’t give it a shot because they freak themselves out by all the procrastination they have done previously. Once you start though, you think to yourself…Why did I wait so long? It really isn’t difficult at all!

 

Like I said before, Network Marketing or any business requires hard work, dedication, motivation and discipline. If you aren’t willing to put in the hard yards at the beginning, don’t expect to reap the rewards later on! It’s always a choice and choosing to quit or fail is the easy option but definitely not the one that will get you closer to your goals. Stick to it, work hard and the results will come!

 

Burn the Boats.

If you haven’t yet heard of it, this story has a very powerful message and I thought I would share it today…

This story dates back to the 1500’s. Hernando Cortez was in command of hundreds of soldiers and he was about to send his army into the battlefield against a powerful foe, who’s men out numbered his own.When Cortez sailed into the enemy territory, he unloaded his men and the equipment and then gave the order to burn all of the ships that had carried them. He addressed his men and told them that they will not be able to leave the shores unless they win the battle. He announced “We win or we perish!” The army of men won the battle and sailed the enemies boats back home.

So many times in life we always have a back up plan or a way out if things get too tough. To be successful, we have to eliminate any back up plans or ways of retreat. If we know we HAVE to succeed in what we are doing, we will be more driven and more powerful.
There is a big difference in ‘wanting’ to win or achieve something than actually ‘having’ to. When Cortez burned the boats, his men went from wanting to win to having to win. Their lives depended on it so their determination was much stronger and they did whatever it took to be victorious.
This message relates to so many things in life, especially in business. We have to decide on how much we actually want something and go for it, eliminating all back up plans and cutting all sources of retreat. It also helps to be really clear on your ‘why’ or your reason to be doing what you have chosen. I am more successful now because I made the choice to be at home full time so my son doesn’t have to be put into day care when he is born. This ‘why’ and the fact that I no longer have a job to fall back on, keep me motivated more than anything.

So are there any boats holding you back in life?

When it comes to getting started in your own Network Marketing business, there are so many companies out there. So the question you might be asking yourself is “How do I choose the right one?” You might get confused because everyone speaks highly of the company they are in and unless you weigh up some pro’s and con’s and actually do your due diligence, you might find yourself signing up to a new opportunity that isn’t a fit for you.

Does it feel right?

So firstly it is very important to have a good feeling about the Network Marketing Company you have decided to join. You won’t be successful if you don’t love the company or the products, so do lots of research and get a good feel for the company you are joining.

Avoid the ‘Get Rich Quick’ schemes.

There are so many out there and if the opportunity sounds too good to be true, it normally is. Any business you get started in is going to take some effort to make money. You will have to talk to people, market the opportunity, learn the ropes and what the leaders are doing in your company and dedicate time and effort into growing a team.  

Check out the Management and background.

Just about every company has lots of information about them out there on the internet. It is so important to do your research and find out who is actually running the company and how successful they have been. It is also important to agree with their beliefs and what they stand for. Obviously you can’t help what decisions are made by the CEO or Management team but it helps to know that they are running the company with integrity and honesty. It doesn’t take much for a Network Marketing Company to make a few bad decisions to go down hill really quickly. I have personally witnessed this and it’s not pretty.

Is there Support and Training?

 When you get started in a Network Marketing Company, a lot of the time you are brand new to the industry and have no idea what you are doing. Make sure the company offers training and support after you join. A lot of the time, people just want to sign you up and take your money and then you are on your own. The company should offer continuous training and support so don’t be afraid to ask some questions about what is on offer before you get started.

Powerful Compensation plan.

The best comp plans are the ones that pay you! There are so many different types of compensation plans out there and the most important thing is to know you will get paid for you efforts directly and for assisting your team. Don’t get too confused by the compensation plan. Sometimes it can take a while to fully understand, so  just be sure to start with knowing how you are going to get paid for your efforts. Take some time and sit down and crunch some numbers. You will be able to work out the money you can make not only for the next few weeks, but for the next few years. Then it should get you really excited!

Love the product.

It is very difficult to succeed in a Network Marketing Company if you don’t love the product. I don’t know how you could expect people to join you if you are negative and flat about the product. You have to love it and more importantly know your product and the value it will give to others.

 

The most important thing when choosing a Network Marketing Company is to do your homework. Take your time to do your research and go with your gut feeling. Make sure you are happy with your final decision and then get to work!! Don’t jump from company to company. People that do that fail most of the time. Stay focused, committed and on track. More importantly be patient. It will take you a while to get in the swing of things and learn how to be successful. Don’t give up and don’t stop and start! Be consistent and most importantly believe in yourself. You can do it!!

 

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