Let me tell you the truth about MLM (Multi Level Marketing) and network marketing– most people who get involved in the business fail at it. The common figures tossed about on the Internet these days say that 95% of the people involved in MLM fail. I will argue that figure later, but for now, lets just say maybe 9 out of every 10 people in network marketing will fail.
There are many reasons people fail in MLM. They may have gotten involved in a bad company with a poor compensation plan. The products may not be top quality or anything special, so there is no demand for them. They may have received little training, poor training, or even no training at all. They might have been abandoned by their sponsor. They may have had the wrong expectations– thinking that the money will come pouring in without any effort on their part. But the biggest reason for MLM and network marketing failure is giving up!
On the other hand, compare this to traditional entrepreneurship, which has its problems, too. I am a college business professor, and Ive had traditional businesses of my own, so I know the odd of success in starting up a traditional business are that 9 out of 10...
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