Top 3 Mistakes People Make When Starting A Network Marketing Business

Top 3 Mistakes People Make When Starting A Network Marketing Business

Here is my Top 3 Mistakes people make when starting a network marketing business.

1. Not Making An Effort To Understand The Industry

Most people come into network marketing with little understanding about the industry, and some never bother to make an effort to learn about it. They just don’t treat this like a real business.

This mindset will guarantee failure. Think about it…do you start any business not knowing what you are getting into? Probably not.

If you know how this industry works, it’ll expand your view on the concept of leverage. It’ll also let you intelligently answer questions like…”is this a pyramid?” or “isn’t this illegal?” These questions usually trip people up, and most lose prospects because they can’t give a good answer.

There are tons of information about network marketing on the internet. Do some research.

2. Not Making Commitments

I see many people join this business and treat it like a hobby. They have the “I’ll see how this goes” or “I’ll give it a try” attitude. If you want to win…DO, don’t try. If you don’t you’re just wasting your time.

Without some commitments it’ll be hard for you to get any momentum in your business, and success in this business is built on momentum, and consistent momentum builds big business. So, your commitments need to be consistent as well.

If you haven’t done so, think about what you are willing “to do” or “give up” to achieve success. Here are some commitments you need:

  • Attend weekly meetings
  • Attend major events
  • Learn about the industry
  • Spend some time everyday to read
  • Give up some TV time
  • Commit to self-development

3. Not Learning How To Present

For most people this is the hardest of the three. People will tell you they rather die than doing a presentation.

But the truth is, if you want to make the big money, this is a must. Just look at the top producers. Do they do presentations? Of course, and lots of it. Your success depends on it, and the more presentation you do, the more money you’ll make.

Presentations doesn’t have to be hard. Most of the fear is caused by what is inside our head, and that, my friend, can be changed. We put too much emphasis on what we perceive what people think of us.

“You are not what you think you are. You are not what people think you are. You are what you think people think you are.”

So, changing your perception is the first step to overcome fear of presenting. Being prepared and know what your are talking about will also help.

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To Your Success,

Ed Tong

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