network marketing industry
MLM/Network Marketing??? Why do so few make a profit in this industry?
Is it effort or design?
All pay plans require a substantial amount of recruits/customers to make a significant amount of income.
Occasionally some new recruits are so talented and aggressive they do build a modest downline network below them. They are anomalies because mathematics require that the system can only support a small number of financial winners. If a thousand downliners are needed for a distributor to earn a respectable profit from this system, those thousand will need one million more to similarly support them and that one million will, accordingly, need one billion!
So many participants justify the failures as lack of effort. Mathematics show that if “efforts” were maximized the business would collapse through exponential growth.
Does this not show failure by design?
The one thing you’re not taking into account is the marketing system. I know if I had to do things the old way like many MLM’s do, doing door to door sales, in home demo parties, cold calls, carrying inventory,etc etc I would not thrive. Gas prices are too high, packaging changes and then my inventory is not worth as much, people hate door to door salesmen and telephone solicitors….no thanks. If you have a great marketing system, you have a great chance at success.
The second thing, equally important, is the training and “on going support”. Most provide training but not many provide ongoing support! There’s nothing worse than being trained and then thrown to the wolves.
Lastly, if you don’t have a great “team” that helps each other instead of trying to cut each others throat, you’re doomed for the 3rd time over.
All of these thing are only some of the major reasons why people fail at MLM’s. There’s lots more but I know more about what makes a goo MLM work and that’s in my profile if you’re interested.
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