For every 100 people who enter Multi-Level Marketing (MLM) 97 fail!
There are many reasons but the most common causes lie within the people who fail. If this message puts you off, good. I don’t want you to fail; it’s not a pleasant experience. If you don’t believe you can be one of the 3% who succeed you will fail.
OK, now the odds have improved because some of you have already dropped out. Those of you that have stayed in the room have SELF BELIEF, one of the key ingredients for success.
What else do you need?
PATIENCE: Whatever you may have heard MLM is not a get rich quick scheme. You can make a lot of money but you won’t be a millionaire within a year. With consistent effort you may replace the income from your day job within 2 to 3 years and, if you want it and work for it, be earning a six figure sum within, say, 7 to 10 years. This is not a promise; it’s still mostly down to you.
I guess the room seems a little emptier now, but those still here have two things in common, patience and an even better chance of success.
WILLINGNESS TO WORK: My dear old Dad, God rest his soul, often used to repeat the old saying, “Success in life is 5% inspiration and 95% perspiration”. If you’re looking for easy money, buy a lottery ticket!
The good news is your efforts enrich you, not your boss, and the harder you work, providing you’re doing the right things, the more money you’ll make.
ABILITY TO LEARN: You can’t know the right things to do, you have to be taught. If good training is available take advantage of it, it’s essential.
STICKABILITY: If you’re the type of person who gives up at the 1st hurdle, or the 101st, leave now, you’ll never make it.
A CARING AND RESPONSIBLE ATTITUDE: This applies equally to your customers and to those whom you recruit into the business.
A key concept of MLM is superior customer service. Treat ‘em right and keep ‘em happy!
While customers provide a small part of your income, your bread and butter is the people you sponsor into your business. Train them, coach them, support them…one might even say love them. They are not just your main source of income; they are your responsibility and your duty. They can also be a great source of support for you.
SOUND ORGANISATIONAL SKILLS: If you’re forever losing things, and tying knots in your handkerchief, you’ll struggle. Buy a small filing cabinet and use a diary! Don’t panic about this. If you can organise your daily life and family budget you have most of the skills you need.
Are you still here? Not many left, I’m sure, but that’s good. I bet you think I’ve been trying to put you off? Well, you’re dead right. If I was recruiting distributors I would be wasting time with those who have left the room, both theirs and mine. It is irresponsible, unethical and pointless to sponsor people who are not suited to, or not yet ready for, this type of business. If you’re still here, I can’t guarantee your success. I do know, however, that you have a far better chance now than when the room was full.
What you don’t need
On a more positive note, I’ve told you, pretty much, what you need. In case you’re wondering, it doesn’t make a jot of difference how old you are (as long as you’re over 18), what sex, race, colour or religion you are, or what job, if any, you do. You don’t even need to be good looking, which is lucky for me!
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