I wanted to share something that has been on my mind for a while, and that’s the 5 biggest reason I see people fail in network marketing , MLM, direct, and every other home based business out there. Sure, there are tons of reasons, but these are the most glaring mistakes I see newbies (and not so newbies) make…
1) Thinking a company, product, or opportunity is the answer to their problems. In reality, none of those things by themselves can ‘replace the pain.’ The truth is, people need to grow as individuals AND as entrepreneurs BEFORE they should expect to see their businesses flourish.
What exactly does that mean? It means you MUST embrace the fact that there will be new skills to learn, and new ways of doing things. Nothing worth having comes without some sacrifice, so get ready to be consistently investing in your self and your skills!
2) People think ‘plug and play’ systems will solve all their problems. Too many good and well meaning people think that plugging into pre made sales and marketing systems will replace their need to work hard. To achieve anything worthwhile, you must accept the fact that while systems and tools can give you a substantial advantage when starting out a new business, you will still need to commit to that business and work it on a daily basis.
3) Buying leads and/or cold calling. Sadly, I used to subscribe to this madness, but in the end, all I did was end up broke, frustrated, and exhausted from the endless hours of calling people who had no clue how I got their phone number! Save yourself the utter misery and expense and do things the easy way. Learn what Attraction Marketing is all about and begin t draw people to YOU based on the value you offer THEM.
4) People have unrealistic expectations when it comes to income especially when first starting out online. Routinely, I see people think that they’re going to earn $50K a month just a few months from first starting a business. While it is possible to earn that kind of money within 6 months of starting, most believe they don’t need any start up capital (it’s unreasonable to think $100 start up money will suddenly make you $50K a month in 6 months!)
5) People thinking that personal branding is NOT required. This is one of the most crucial components to seeing real success online. Personal branding had helped me have HUGE back end conversions over the years. Unfortunately, for those who ignore this aspect of their business, usually don’t stay in business for very long, or make far less than they otherwise could have.
Building a business online is simple, straightforward, and a lot of fun! I GET to do this….Building my own business is not like work-it’s like play for me
The cool thing, is, this kind of play pays GIANT REWARDS!!
To Your Success,
Brian Magnosi
p.s. If you liked this post, share it on Twitter or Facebook on the links you see at the top of the post!
Point 5 doesn’t make sense?
Is personal branding required or not?
Joe,
Personal branding is fundamental to your long term success online. I encourage everyone to step up to the plate and develop their own personal leadership skills and to share them with their list of prospects etc. Hope that helps,
Brian
Brian,
LOVE the background!
The volume on both your video and my computer were maxed out. Still I had difficulty hearing you. Nope,I haven’t taken my Mucinex tab this morning so that could be part of the trouble, but still the volume was extremely soft.
I currently have two separate programs running concurrently. When they are completed I WILL positively sign up for your Mastery course, but I just don’t feel I can do three at one time any justice. Two is difficult enough for me.
TTL.
B
I wonder what responses would be like to the questions: