How to Avoid the Top 5 Mistakes First-Time Network Marketers Make
01:24:00
There’s no doubt you’re prone to make a few mistakes as most
first-time marketers do, but the amazing thing about it all is you have the
power to learn from the mistakes of others so that history doesn’t repeat
itself. In network marketing, plan B is a must for when things don’t go as
planned.
1.
LACK OF DEVOTION:
Many first-time network marketers come into the field with a
traditional business market state of mind and a 9-5 mentality. In order
to fully succeed in network marketing, it’s all about the commitment, devotion,
organization and undivided attention you will need to provide for your business
to grow exponentially.
Although the upfront investment to purchase the product or
sample kit is extremely lower than the traditional business, but you will need
to put your business and marketing skills into play and pronto!
If you commit yourself to attend as many conference calls,
events, seminars and product demos to name a few, then you are on the right
track to success!
2.
LACK OF ORGANIZATIONAL SKILLS:
It is crucial that you make the time to be organized; here
I show you how to efficiently manage your time.
When it comes to organization, we are all born with our unique
DNA, and perhaps some of us inherit organization genes. Regardless of our
genetic inheritance, we all have the ability to acquire some level of
organizational skills. It is not necessary to go to extremes to keep yourself
organized, but being well prepared and then diligently following through will
help make each task easier and more efficient, which will result in better time
management. Remember time is money!
Like success, being organized comes over time. Your desired
result must be crystal clear before you can prepare for it.
3.
CHOOSING THE WRONG COMPANY:
Always make sure to be well informed with a thorough due
diligence.
To do so, start by researching the company profile to make sure
the company is financially stable. If possible, set up a meeting with the
management team to determine their integrity, management style and track
record.
Don’t disregard the compensation plan. Walk away from fast-money
making programs, better yet, run, run fast from these type of programs. Nine
out of ten times, these type of network marketing schemes will make a huge hole
in your pocket.
Now let’s talk about the products… now is the perfect time
to put that old saying into action: “preach what you teach! “You should always
feel comfortable using the product you are selling to friends, family and
acquaintances, and the product being offered should have real world value and
not be over-priced.
4.
A LACKLUSTER PROSPECT LIST:
Building positive relationships is key to your success in this
field. Not having a full prospect list is a huge failure due to the fact that
your new network marketing business is all about prospect sponsoring.
To begin, start populating a list with the obvious; friends and
family. Then gradually start adding the first 50 people that come up to mind
who might be interested in your business.
Believe me, soon enough the prospect list will be endless once
you start reaching out to friends and family because they have friends, family
and acquaintances as well.
Still in need of prospects? Join the gym, hit up your local
coffee shop or casually crash your next-door neighbor’s birthday party. If all
this fails, think of joining the next excursion to no-man’s land and adding one
to its next census count.
5.
FAILING TO BE PERSISTENT:
Persistence is having a vision of where you are and where you
want to go and having the willpower to fulfill your dreams. When it comes to
defining your vision and the life you dream of, you have two choices:
1. Accept
your circumstances as they are…
2. Take
ownership of your vision, and empower yourself with the willpower to draw a
line in the sand and move forward.
If you empower yourself with the second choice, the synergy of
vision and willpower will equal the persistence required to meet your goals. Learn
to embrace hardships and failures, and get up when getting knocked down without
blaming others or making excuses.
