MLM Network Marketing - Why Failure Rate Is so High?

In recent years people are increasingly looking for extra source of income. They are prepared to utilize their spare hours and work at home to pursue their cherished dream of financial freedom. Many of them are attracted towards MLM network marketing for variety of reasons. There are thousands of multi level affiliate programs which promise tremendous business opportunity. Internet has made it possible to work from the comfort of your home.

But why failure rate of MLM network marketing programs is so high? Only 3-5 percent people make sufficient earnings to support themselves. Most of the people are not even able to recover their investment.

People join MLM marketing programs with lots of hope and expectations. But they are not adequately prepared for the pitfalls they have to deal with. These pitfalls are not difficult to identify. Let us see some of the important ones.

Lure of Quick Riches : This is probably biggest attraction for new home based business and small business owners. But get-rich-quick schemes rarely deliver what they appear to promise. They are also responsible in a big way for such a high rate of failure among work at home enthusiasts. My advice - stay away from such inducements. If you are tempted to try any such scheme, try to look at other features beyond the promise of quick gains. It is much safer to stick to reputed organizations which have been around for few years.

Lack of Experience : There are numerous instances where the same affiliate program or MLM network marketing program helps some people to earn substantially more than many others. If you look closely you will find that such successful people have been associated with internet marketing since quite some time. Any newbie will require training support and possibly mentoring to succeed in business promotion. Only those MLM network marketing programs should be selected which provide adequate training and promotional tools. Lack of experience should not be taken as a deterrent; it should be taken as a challenge. Experience is something which has to be earned. Unless you actually jump into water you cannot start swimming.

Setting Goals Which Are Too Short Term : When you join a top affiliate business opportunity, you should have a long term horizon. While promotional efforts should be done with some regularity, results generally come only after sustained efforts for few months. You should resolve to really follow the training lessons of the affiliate program and give it a fair trial.

Lack of Commitment : There is one major factor which decides between success and failure. That factor is YOU - your mindset and motivation level. Nothing else really matters as much. My idea is not to scare anyone. I am only trying to emphasize the point that your success is well within your reach - you only have to reach out.

Continuous promotion of business is a must for success. While there are inexpensive and free promotional methods, such as writing articles like this one, there is no substitute for your commitment. Whatever methods of promotion you choose, you should diligently follow them month after month and stay long enough to reap the benefit. Success in your MLM network marketing program is ascertained by these proven methods.

Sanjay Johari regularly contributes articles to several ezines. See his site for collection of excellent articles by various authors on starting and running home based small business, business opportunities, business tools and more.

http://sanjay-j.com

In The News:

Pyramid schemes  Lexology
Network Marketing : Good or bad?  The Sangai Express
Hey, Hun!  The Cut

Hey Dummy, Youre Asking The Wrong MLM Questions! ($$$$)

Talk about total dumbness. I wasted over $3,200 and maybe... Read More

Still Seeking Network Marketing Success?

Network marketing success does come to many people and to... Read More

Network Marketing Success - The Success Power Boost for Your MLM Business

There is something that I have been observing over the... Read More

50 Ways To Generate More Money In Network Marketing (Practicing The Obvious)

If the art of Network Marketing is your "pin-point" passion,... Read More

Why Your Network Marketing Efforts Are Failing

About once a week, I get someone struggling to build... Read More

If MLM Is So Great Why Is My Heart Over In The Corner?

It is sad many people look at previous mlm experiences... Read More

How To Choose The Best MLM Leads

What are the characteristics of the Best Mlm Leads? This... Read More

Networking Tips for Moms at Home

Plenty of moms today stay at home. After a year... Read More

Keys To Network Marketing

1. SimplicityThe network marketing opportunity must be simple in design... Read More

The Secret to Network Marketing Online

Many affiliates online give up as quickly as they join... Read More

MLM Success Training- Money in MLM - The Three Things It Magnifies

Money is a magnifier.That is an awesome thought! And so... Read More

MLM Success- The MLM Leadership Secret of Heart Touched Leadership

There are three Rules of Network Marketing Leadership for MLM... Read More

MLM Recruiting Success- The MLM Recruiting Myth in Network Marketing

There is a Myth, a Lie, a Bogus concept that... Read More

Ideas On Promoting Your Home Business Opportunity

Have you got yourself into a home business opportunity but... Read More

Network Marketing Internet Business Basics

A network marketing Internet business is what millions of ordinary... Read More

How to Get Rich with Network Marketing

Network marketing is a marketing strategy being increasingly put to... Read More

MLM Training - MLM Recruiter? MLM Sponsor? MLM Babysitter? MLM Mentor?

There are many Leadership factors involved in building an mlm... Read More

The MLM Revolving Door Syndrome

In the 15+ years I've been involved with network marketing,... Read More

How To Buy MLM Leads

You may wish to buy MLM leads from a reputable... Read More

Internet and Network Marketing Works

Internet and network marketing are inseparably related today. The phenomenal... Read More

MLM Newsletters- The Top 17 Network Marketing Training Ezines in MLM

A good MLM training newsletter is worth a million dollars... Read More

MLM Training - Creating an EXPLOSIVE Start with Your New MLM Distributor

Ok...you have a new distributor. What do you do with... Read More

Finding Your WHY!

"Finding these three letters: W. H. Y. will guarantee you... Read More

Making Money With Any MLM Program

Multi-level Marketing companies abound by the thousands. A great many... Read More

MLM Training - The TRUE COST of Your Lack of Action in Network Marketing

Expensive.VERY expensive.That is what LOA is in the network marketing... Read More