You don’t have to look to hard to find out that the MLM failure statistics of the industry as whole are flat out staggering.
When the emotional element is removed, and people are allowed to make a sound decision, this will put your new distributors on a path toward actually achieving something great, rather than crashing and burning. There are many reasons why people fail in this industry just like any other industry and that is dependent on each person and how they approach the business.
There are some companies that do better than others, but what I have found throughout my now over 10 years in this industry is that removing the emotional fluff and hype that surrounds most opportunities will greatly increase the odds of success.
But the real truth of this entire industry is that a majority of opportunities are sold on hype, and pure emotion. This leads the majority of people right down the path of being an MLM failure and right from the beginning sets a bad expectation in the distributors mind.
What is the big reason for MLM Failure?
People typically sign up after a hotel presentation, or a DVD presentation, or some type of sales letter online and that plays to the natural emotion of people.
They get all jacked up emotionally, sign on the dotted line, throw their credit card down, and within 2 days the emotion surrounding their decision subsides and then they say “What did I get myself into” and bam, they quit.
While I am a big proponent of having a clear vision of where I want to go, and having a big dream or a big why to carry me through, I am completely and utterly opposed at getting people to make decisions based upon pure raw emotion. You can’t build and maintain a long-term business based upon raw emotion, it's a house of cards waiting to fall. Emotions go up and down like a roller coaster, and to base a business on this is not a smart move in my estimation.
There is an awesome video that Mr. Tim Sales did a few years back, that I think is very clear on why most failure happens in this industry. If you have not seen this before, I am sure you will like it. Take the time to watch it here.
[youtube]http://www.youtube.com/watch?v=FclI8hGQgb4[/youtube]
A true professional and leader in the network marketing or direct sales industry will treat their successes and failures the same, and will teach his or her downline to do the same. This is simply because of the abundance mindset that governs their thoughts. A true professional will teach others that when they fail it’s simply a stepping stone on the way to success. Most people take failure to personally because of the way our society views failure. Fear of failure is a real thing, but in all actuality failure is what leads to the prize.
[content_box_light_green width=”75%”]When you look at failure as learning, rather than a defeated state of being, you will have overcome what most in the MLM industry never will.
[/content_box_light_green]You treat your successes the same way because when you carry the abundance mentality you expect to reach those milestones of success. They are simply stepping-stones in the journey as well.
This journey of success will never end. This is something that new distributors do not know, and by whipping them up into an emotional frenzy, it has helped and assisted them to seal their eventual MLM failure by not giving them proper expectations from the beginning. We must begin to transform our industry from “short sighted”, “gotta have it now” type individuals to long-term business minded individuals that see this as their solution and vehicle to financial freedom.
Lets become the industry that looks to help people have a business that will succeed built on strong moral principles, strong training and systems that work toward building people.
Setting good expectations starts by giving good training, and providing real solutions to people. The one system I endorse and provides more value for the money is My Lead System Pro. If you want to learn how you can get more leads, and get the training you deserve, click here.
To your success,
Mark Harbert
PS: I have also found that one of the main reasons people struggle in this industry is not knowing how to sponsor people and the failure of how to do it correctly, check out this killer training on how to sponsor people, well worth your time and will help you tremendously. CLICK HERE TO ACCESS IT!
19 replies to "How To Help Yourself Overcome MLM Failure"
Just don’t give up!
Commitment, persistence, understanding and good leadership is what will keep you in the game. When you teach this to others it can change the outcome. Thanks, Mark!
You got that right Galen, great points here for sure. Thanks for your leadership buddy!
Mark
Hey Mark,
Great post, many marketers look at failure as an option if it is not going to work. Very wrong I would say deadly mindset. If you get into any kind of business Failure should not be an option in your head. It is all about how you perceive your future and future of your business.
Zaneta
Zaneta, you are so right on here! A deadly mindset is already setting people up for failure. It is said all the time, but mindset is so so so so critical to running a business and unfortunately most breeze by this point. You are a true leader my friend. 🙂
Mark
Yes most definitely, most people love doing donuts only a few figure how to straighten the wheel.
Robert, I just love your analogy my friend. Excellent point! 🙂
Mark
Awesome post Mark!
Thanks buddy!
Mark
Hi Mark!
Thanks for inviting me to your Blog…from the 100 Day BBCC
Skype group chat. 🙂
The negative side is always brought ‘front & center’ into the
spotlight…as a result, remains famous. While the positive
side is usually ‘blocked out’ & kept from our view…rarely
to be seen, maybe only for seconds.
*High5* fellow champion!!
Have a highly inspired day…your tribal friend Steven Suchar
Thanks for stopping by and saying hi my friend and yes you are so right on, there is just to much focus on the negative, and by our setting proper expectations from the beginning it can really help big time. You rock my friend!
Mark
Brain Love your Christian Prospective on avoiding mlm failure.
Justin,
Thanks buddy!
Mark
I love this post Mark. It gives a well balanced perspective on MLM.
Failure is part of success and to be successful, you cannot avoid failures.
Ruth, Thanks so much. Balanced is always good!
Mark
Great stuff Mark!
I think it’s important that our new members understand what’s expected of them! If they join because we whipped them up emotionally, they’ll think we’re going to do it for them. I really like your content here, thanks again.
Erin,
Thanks for stopping by and yes I totally agree. We can’t set the expectation that we will do it all for them, they have to walk on their own at some point. You Rock, great to see you here, love your blog and visit it often.
Mark
Love your honesty Mark! It’s so important to be upfront about the challenges that others will face in this industry and how to overcome them, instead of filling them with false promises that they’ll get rich quick and all the other hype out there. It takes time, persistence, dedication, action and a strong will to make it. Thanks for being you & for all the value you offer others! 🙂
Brian,
You rock my friend, thanks so much for the kind comments my friend. So glad to connect with you guys!
Mark