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The top 7 things NOT to do when joining and starting to do MLM


WHAT NOT TO DO:

SUMMARY: TWhen you're just getting involved in a network marketing business it's so easy to start making big mistakes. So a little research and preparation can go along way. Doing so will save you months of aggrivation and regrets later on. Here are: The top 7 things NOT to do when joining and starting to do MLM

STEP #1: JOIN THE WRONG MLM: The number one biggest mistake in doing MLM, that goes way beyond any mistake any network marketer could EVER MAKE is joining the wrong network marketing business. There's a few reasons for this. Mainly, you might work hard at it for months, if not years, and then if the company was to go bankrupt you'd lose your downline and you'd lose your commission check. (caveat: oh by the way, we're not here to recommend or push any company. That's not what we do. We help build downlines for whichever company you're currently doing, so you can see more on that by clicking here.)

But getting back to it, the MLM industry has a higher rate of companies going bankrupt than most others. So you have to be careful. Then there's various other factors as well, such as: how much inventory are you required to be buying to qualify for commissions, does there compensation plan actually pay out enough for you to get ahead, will you eventually be able to retire off your work, or are you forced to keep meeting different quotas and there is "no out" later down the road. Can you gift the business to your kids, or sell it? All kinds of factors fall into place that you need to carefully consider. The biggest one is how long the company has been around for. Over 5 years is better. Over 10 is even better still. Over 20 is excellent. So the number one thing is picking the wrong MLM to get involved with. You could end up wasting a lot of valuable time, money and energy, only to find out months or years later that it was a bad idea. So a little careful planning in the beginning can save you tons of frustrations later on.

STEP #2: FOCUSING ON YOUR FRIENDS AND FAMILY: The number one biggest problem that network marketers run into is being told by well meaning uplines that they should immediately go bugging their friends and family to buy products and to join. That's a very very bad idea in many cases. Here's what you do, if you know someone who lets say you don't get along with too well, and you're okay with losing them as a friend or family member, approach them. But bugging your friends and family is a bad idea in most cases. In some cases it has worked, don't get me wrong. But you have to tread lightly. So for example, lets say a friend says to you: "hey I heard you're doing a business, I want to know about how it works and get in?" So okay maybe you show them. But avoid pressuring family and friends to join. They're going to be with you years into the future, maybe even long after your new venture has perhaps come and gone. So don't damage your reputation in trying to get them to join just because you want to try and make more money. There's far easier ways to build your downline like this one. Because you'll either damage your reputation and or end up getting alienated because people hate your preaching your MLM business to them. They don't get it. And that's okay! Find people that get it, and that want to join you and get ahead. And then if anything bad was to happen like the company goes bankrupt, at least if you got strangers involved, it's not going to ruin your social life. But lets say you go friend and family in. Well if the company goes bankrupt, and they lose their shirts, well they'll blame you! Because you got them into it! So be careful. It took years to build those relationships up, why ruin them over a venture that you can so easily build with strangers, just as easy.

STEP #3: PERFECT PLANS: Your friend MLM might fail. So might your 2nd, 3rd, 4th, and 5th, before you finally hit on one that starts to really pay off. It's okay. So don't over analyse it to the point where you wind up in analysis paralysis. You just need a reasonable business. A reasonable plan and to start to take action on the plan. If you plan for too long it could backfire. I know various people in business that took too long in their planning and it completely backfired. In business "perfect" is the enemy of "getting it done". You can't be a perfectionist. You don't have time. You just have to find something and get on with trying it. And if it fails, so be it, move on and try another. But don't get bogged down in over planning.

STEP #4: SPENDING MONEY: When you're just starting out, you need to be careful how much money you spend on your business and in what areas you spend it on. For example. If you're doing something that helps promote the business and gives a good return on investment, then that might be worth spending on. For example if you can find a good source of advertising that's bringing in new leads and prospects, that's working for you, then run with it. But on other things, like: business cards, getting an office, buying a new suit or breifcase, and doing things to try and feel important, are essencially a waste of money. Don't let your ego start running how you spend money. Don't use up your savings and especially don't take out a loan or rack up credit cards if you can avoid it. Try and do things for as cheap as possible at first. Then once you're making some money, then start to reinvest some of your profits back into building your business. So stop trying to figure out ways to spend money. You don't need to redecorate your office, buy a new laptop, buy this that and the other thing that isn't going to matter. Don't do that. You're goal is to make money, not spend it! Remember that! So go out and make it. That means you need warm bodies to sign on the dotted line! That's your #1 priority, is to build a downline and fast! Now we can help you to build a downline and or you can work on developing your own strategy. But focus on that and don't waste money. Because once your out of money, you're out of business in most cases.

STEP #5: TRYING TO DO IT ON YOUR OWN: Try and get all the help and support you possibly can. This will increase your chances of success greatly! Worth with your upline constantly. Network with others in the business and find out what they're doing. Start a weekly meetup group that will be your meeting to "recruit". Start a weekly training group, that will be the second meeting that you use to train people that are already in your downline. Because you'll get great ideas from others, and often the connections you need to get things done. Don't try and figure out everything by yourself. Ask others in your network how to do things. Ask, ask ask! For example, maybe one of your downline or upline has an extra office that they're not using on weekends that you could borrow for free to hold your weekly recruitment meetings in. Or maybe someone in your business is great with computers and can show you a new way of recruiting online. But the point is you have to really cultivate your network of people to have them help you to grow and build.

STEP #6: RECRUITMENT: You need a system. It can be any system. But you need some kind of a system to recruit people. Then you need to work the system diligently and consistantly. So for example one simple way is this. You go to: meetup.com and you start an "opportunity meetup" in your area. You don't announce what company it is that you're going to present. You just say that people who come out will have a chance to review a unique opportunity that could make them extra income from home. You offer donuts and coffee to help attract people to the meeting. It's amazing how many people will come out just for the free donuts and coffee. The donuts and the coffee are basically the prop that locks them into staying to hear your presentation. A small price to pay to keep them listening. Then at the end you'll get 1 of 2 things. Either A) you get new downline members signing up, or you get B) new leads (names and emails) to add to your prospects contact list, which you'll follow up on later on. And through enough follow ups you'll likely sign many of them up later on. But again, you need a system in place. Now we have a downline building system you can use, or you can find someone else's system. But you need something in place that's going to work to recruit new people.

STEP #7: GIVING UP: Now you joined a network marketing company. And they've painted this rosey picture about how great everything is going to be and how much money you're going to make overnight. So you're expectations are sky high. You think everyone and anyone would have to be a fool to not join your downline and get involved in this amazing new revolutionary company that's going to change the world. So then you go to present it to someone. And they flat out reject you. Then you're a bit shocked. But you keep trying, so you present again, and again, you get a smile a nod, and a NO! And you do this a handful of times and no one is joining you and so you start to give up, or you feel like giving up. You fail to keep doing the little things like advertising, setting up meetings, finding new prospects and making things happen. Then you get distracted by some other new company that has come around, or you get distracted by any number of things in life, and you quit. That's often what happens to 95% of network marketers who quit. But the fact is most businesses take a good 5 years to even get off the launch pad. If you're able to do it in 3 count yourself fortunate. And if you're making any money by the end of year 1, that's basically more often than not a flat out miricle. Of course there are some overnight success stories in business. Those are the ones that make the headlines. But that's not the norm. The norm is that it really does take a lot of time and consistant effort to get something going. So again, give it time. Don't give up too quickly. Give it at least a solid effort for a good year, and then re-evaluate. If by the end of year one it's just not working out well maybe then you start to refocus on what other options you have. But to give up in just 30, or 90 days or 180 days is often rather premature. Often all you need is one new recruiting method or some new strategy that can bring your MLM business back to life and get it working again. Now again as I mentioned, we have a strategy to help grow your MLM business, and since you're here you should at least take a look at it. To learn more about it click here now

 


 

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Also be sure to check out our free article on 101+ ways to promote your mlm business here

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