Are you thinking about quitting your network marketing business?
There are many reasons why you may feel like giving up.Should you quit network marketing?
If you’ve been at it for a while and not making money with network marketing, you may be discouraged and want to just quit NETWORK MARKETING BUSINESS
It’s been said that 97% of network marketers don’t ever break even.
That’s a very dismal statistic – if it were true!
That number doesn’t break out the percentage of distributors who were actually working the business
from those who just want the wholesale discount.
This article will help you understand why people quit NETWORK MARKETING and how you can avoid being one of them.
What is Network Marketing?
Network marketing is a business model where networks of people serve as marketers of products and services, and recruit others to build their own sales force team. NETWORK MARKETING home businesses feature a low startup investment and low monthly overhead, making it appealing to anyone who wants to own a business.
Some popular examples of NETWORK MARKETING home businesses include Tupperware, Avon, Amway and Shaklee.Each distributor of the company can earn income in a number of ways, including:
- Product sales commissions
- Percentage of sales volume of people on your team
- Bonuses based on team performance
Each NETWORK company has their own compensation plan for how to earn and what type of payouts you can expect.
Does NETWORK MARKETING Really Work?
In the U.S., someone starts a new home business every 10 seconds!
With an average work from home income of $59,250 per year in the U.S., I would say that NETWORK MARKETING really works!
Couple that with the fact that most network marketing companies provide you with comprehensive training, tools to help you succeed, and cool rewards like trips!
Some distributors make millions of dollars a year. They don’t quit NETWORK MARKETING! If people are making lots of money, that means that NETWORK MARKETING really works!
When you join a network marketing business, it’s up to as to whether you make it work or not. The people at the top are working extremely hard to make NETWORK MARKETING work for them.
The people who are not make money in network marketing are either doing it wrong, not putting in the effort, or mostly got in for the wholesale products.
Should You Leave Your NETWORK MARKETING Business?
Before deciding to quit NETWORK MARKETING, dig deep into your reasoning why you should either stay or go. What I love about network marketing is that it is always up to YOU! Not an employer or anyone else. Just YOU.
You get to be in control of your life and future.
Eric Worre said, “But if your dream is strong enough, there will always be a reason to stay.”
These 5 reasons will help you decide if you really should quit network marketing.
Reason 1 to Quit NETWORK MARKETING – Fear of What Other People Will Say
When you join an NETWORK MARKETING, other people may not approve. Especially your family!
In that situation, if you try to talk to them about your business, you probably get a dry mouth and sweaty palms worried about what they might say.
Your self-confidence dwindles and you suddenly start asking yourself why you are in network marketing to begin with!
What to do instead: Many times, fearing what others think has to do with your own belief system. If it’s not strong, your self-confidence can wither away.
First, recognize this and then give yourself a high five! Taking your career into your own hands is a huge accomplishment for anyone. You deserve some credit for making the best decision of your life.
Next, work on your personal development. We are not born with success skills. That’s something we have to develop. Spend at least 15 minutes a day listening to or reading self-development materials.
Now, I don’t mean self-help for goodness sakes!
It is about developing your capability and potential, and boosting your self-confidence to overcome your fears.
If you spend any amount of time in your car, use audio CDs to turn that time into personal development.
Reason 2 to Quit NETWORK MARKETING – You Don’t Know what to Do
Maybe your sponsor didn’t help you and you feel overwhelmed. You feel that since they recruited you into the company, they should be spending all their time training you.
Because of that, you are pissed off, have a negative attitude and don’t know what to do.
What to do instead. Think of your network marketing business as your own small company. Why? Because that’s what it is.
Your sponsor is not actually responsible for you. YOU ARE.
In fact, Eric Worre advises to say goodbye to your upline! Makes total sense.
You don’t work for an employer who will tell you what to do. Remember, you started your own business.There are plenty of resources available from your company that train you on:
- Products
- Services
- Business opportunity
- How to conduct business
And much more.
Dig into those resources and start training yourself on how to be successful in your business. You would be surprised at how many network marketing rockstars had sponsors that were not the least bit helpful.
BUT…they still make it to the top! Because they were unstoppable and resourceful.
Reason 3 to Quit MLM – You Don’t Believe in the Products
Do you feel uncomfortable sharing that health shake with people because you don’t even like it? Maybe you just want the money and don’t even believe the products work!
I’ve met people like that!
Have you met that guy who sells skincare products but doesn’t use any? Why would I buy from him?
I get that you are in network marketing to make money but you also have to believe in the NETWORK MARKETING products you are selling.
What to do instead. If you don’t like the products of your company, perhaps that is reason enough to quit your NETWORK MARKETING company and find one that you do like.
There are plenty of network marketing companies that sell a wide variety of products. Start researching one that you can believe in and stand behind.
Quitting NETWORK MARKETING is a good idea if you lack belief and passion, but it may be a matter of finding another company whose products you do believe in.
Reason 4 to Quit MLM – You Expected to Make a Ton of Money Right Away
You may feel disappointed that you didn’t make INR10,00000 in your first 3 months of your business. Maybe you had this enormous expectation and feel so let down, all you can think of is quitting.
Did you have solid information on what you should be making in such a short amount of time or was it wishful thinking?
Perhaps you feel like since you are not making nearly what you thought you would, you need just quit and stop wasting your time.
What to do instead. Change your expectation to something more realistic. No one in network marketing makes INR1000,000 in their first couple of months.
Network marketing is a long-term strategy.
I like to think of it as a 3 to 7 year plan. It takes time to build your team, keep your team, and develop a sustainable business that pays you for a long time.
Be realistic about what you can earn going forward. Network marketing is an amazing business model that has produced more millionaires than other industries. If you want to be one of them, don’t quit NETWORK MARKETING!
Reason 5 to NETWORK MARKETING – Your Monthly Autoship is Too Expensive
Autoship in network marketing is one of the key residual income streams. It’s also how distributors use the products on a regular basis so they can make recommendations about it.
If you aren’t making money right now in NETWORK MARKETING, you may feel like the autoship each month cost too much money and you want to stop it.
If you do, you may as well not be in business. How can you tell someone to use a product that you aren’t even using?
What to do instead. There is no network marketing without investment. That applies to every aspect of your business including your autoship. Every business has some type of investment and in NETWORK MARKETING , It’s a small one.
If I invest in something, I am work very hard to make sure I make back my investment and then some!
You should too!
Conclusion
Deciding to leave your NETWORK MARKETING business is a tough decision. But only you can make it.
Don’t quit before you give network marketing a chance by learning the skills you need, working on your personal development, and setting realistic expectation.
First of all network marketing has become a world wide industry doing over $100 Billion dollars in business annually. This is a huge number and when you realize that as much as 50% of all revenues are paid back to the distributors it makes you set back and think. This is working for someone, why not me!
One night a few years ago Donald trump was on the tonight show. Jay Leno asked his if he was to lose everything and had to start over what would he do. He replied "I would start a network marketing business." He obviously knows that multi level marketing works and for even a rich and powerful person like himself it is not a business to look down on.
One final reason why multi marketing is working today is you can do it part time and still quickly earn a profit. In the old days of mlm you had to go to business meetings. Product had to be shipped to you and then delivered to your customers or even you downline distributors. Not so today. Everything can be direct shipped. Personal websites make selling and recruiting quicker as well. By being in a profit mode sooner the drop out rate has decreased which makes building your own distributor force easier as well.
