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Biyernes, Hunyo 3, 2011

Idiot Misconceptions about Network Marketing

These are the idiot misconceptions nay-sayers often reason out about network marketing and how I respond to them.

1. It’s a pyramiding scam

Pyramids are very easy to detect
Pyramiding is an illegal get-rich-quick scheme. The permits are fake, the products are fake and the people are fake. I’ll talk about how to determine a pyramid scam from a Network Marketing business in another topic. In fact due to the advent of the internet pyramid scams are already scarce.
It is true that many MLM businesses are using the Binary System which is why many people often mistake it as a pyramid scam. Solution: Don’t use a pyramid when explaining!

2. It doesn’t work

If it doesn't work for you then
try working here

If it doesn’t work, then I wouldn’t be writing stuff about it. There would be no companies and Multilevel Marketing or Network Marketing would have never evolved. MLM Companies would not be worth Millions, Hundred Millions or Billions of dollars if it doesn’t work. – as simple as that.




3. You sell your friends and family

Do not Recruit your family!
You DO NOT sell your friends or family. In fact I am against inviting them to your business. The reason is that there should be a line between personal life and business. Your friends and your family are a part of your personal life. 


They are not to be a part of your business unless of course they volunteered.






4. You sell products door-to-door

Only employees go door2door
I have never sold products door-to-door. I never saw someone sell products this way. This is not how the business is done.

When I started I did make money selling products but not door-to-door but rather store-by-store. The income is big in selling products in stores since they buy in BULK.



5. You are required to attend meetings, functions, buy CD/DVDs, books

As what everyone says about this industry- YOU ARE THE BOSS. A boss is not required to do all those things. Do it only if you are serious in making money. Be careful in purchasing training materials though as most of them are overpriced and the company just be trying to squeeze the money out of you.




6. It will be saturated

Saturation never happens
This is the statement I hate. I just tell the dimwit saying this to me “It’s not saturated, you still haven’t joined”.

Most MLM companies have a system that will guarantee its stability even if it’s members reach to tens of thousands. A great example is the Unilevel point bonus which varies per company.





7. It is about numbers, numbers, numbers

It ain't quantity but QUALITY
Anyone who is in network marketing and putting emphasis on ‘quantity’ of downlines is guaranteed to FAIL. Networking is neither about numbers nor money. It is a relationship-driven business.

Why do MOST people FAIL in Network Marketing?

There are two most common Idiot reasons for failing in Network Marketing
Never aim to fail

Do you know what’s so good in this kind of industry? YOU HAVE NO BOSS. That means you can do whatever you want, there is no one to tell you to recruit, to attend meetings and trainings, to read books, to hear audios and watch tapes..




Do you know the bad thing in this industry?  Many people fail because of that SAME REASON stated above. That is the number one reason of your failure.

The second reason is due to Greed, and this one involves the representatives. I see this all the time and I see people fail all the time because of this. For amateur networkers, they think of themselves as bosses whenever they sponsor someone. It’s a good thing provided they be the boss in order for their downline to succeed. Otherwise, they lose the trust given to them by their downlines and the result would be a stagnant network.

Having a boss has its goods and bads
In every kind of business (and this includes Network Marketing), you cannot be successful if you do not work your ass off. Many people fail because they think Networking is a get-rich-quick scheme mistaking it for a pyramid scam (which is actually a get-rich-quick scheme). This is a legitimate business and just like any other legitimate businesses, there is no shortcut in achieving success.

How to recruit without LOSING FRIENDS and FAMILY in the process

Congratulations you sponsored 100 downlines! But with that comes hundreds of more people who are avoiding you and hiding whenever they see you in the corridors. Most of them are your friends and in worse cases, your family.

            In your prospect’s mind: There is nothing worse than knowing your friendship will be tainted if you would not join your friend in his business.

            Whenever an upline tells you to ‘recruit your family member first’ realize that is a grave MISTAKE. Why? It is your family who would be the first ones to discourage you in joining! painful… huh?

There is a line that separates personal life from business


            Well the thing is, over 90% fail in network marketing and that includes you and you're family and friends. If that happens, WHO are they going to blame?

            Another mistake done by amateur networkers is that they take their business personally. In fact they take it too personally that they bear a grudge to those who do not join them; this includes their friends and family.

            There must be a line separating your personal life from your business life. Your attitude when dealing with friends and family should be: “Hey, I’m not trying to get you in this business because we’re friends but I just want you to check it out just in case you would also want the opportunity it presents”.

            If a family member joins you, it must be voluntary. Ironically they should be the ones who are joining later because they are yet to see the result of your network before they join. My dad used to laugh at me and my networking business and even questioned the legality of what I am doing until I gave him a lot of money which finally kept him mum. 

Idiot's Guide to Network Marketing Success

It's not about the money, money, money...
This idiot’s guide will teach you how to become successful in this Network Marketing. It doesn’t matter what company you are in whether in the Philippines or overseas. The skills, techniques and ideas learned here is applicable worldwide.

            There is no more important thing to do than establish your ‘WHY’ on doing this business. Of course you would think about MONEY but in this industry you should understand that money is just a part of the process.

            Your real WHY is never money, it’s about who you really are. There is a deep reason you want to establish this business.


So the first thing I’m going to say to you is:


DO NOT RECRUIT YOUR FRIENDS AND FAMILY into NETWORKING. They will be a liability in your business, unless of course if they volunteered.