This is the official Warrior Forum Blog for Dr Ope Banwo, The Wealth Apostle.
On this blog, we will be sharing different ideas on how to make money in different niches particularly IM and Network Marketing
On this blog, we will be sharing different ideas on how to make money in different niches particularly IM and Network Marketing
The Realities Of Network Marketing Business - Ignore Them And DIE! - [Part 1 of 3]
Posted 23rd March 2013 at 08:02 AM by thewealthapostle
After being in the Network marketing business for so many years and eventually starting two MLMs of my own from scratch, I have come to understand and respect what I call the 7 Realities of Network Marketing Business. Ignore the realities and you are guaranteed to fail.
Though I have shared the FULL AND COMPLETE discussion of these realties as a section in one of my best selling books on Network Marketing, The Network marketing Miracle, I want to share a summary of a section of it for free with so that you can learn something even if you never bought the book
I am willing to bet that when you were checking the opportunity to become a Network Marketing, you probably watched a beautiful video and saw a mouth watering compensation plan. Depending on how you were recruited, you probably saw all those beautiful checks that other successful Distributors were getting. You were probably assured that you can make serous profits in this business within a short time.
Guess what? ALL THOSE THINGS ARE PROBABLY TRUE!
However before you can even smell any of the big money you saw on the movie or get any check close to what your Upline enroller showed you, you must understand, embrace and live some practical realities. Without embracing these TRUTHS, you may be doomed to a life of disappointment and you cannot blame your Distributor or the company.
Most times, with the exception of very few MLMs, there was no misrepresentation in the Compensation Plan presented by most MLM companies. It is the realities about how to get there without tears that you must learn, embrace and celebrate.
#1.NETWORK MARKETING IS A BUSINESS just like any other business!
It always amuses me how many people fail to understand THIS SIMPLE FACT. By signing up to be an independent Distributor of Network Marketing, you are actually starting a BUSINESS OF YOUR OWN with the Skinny Fiber as your raw material
Network Marketing distributorship is not a hobby you just picked up. It is a BUSINESS much like any other business.
Network Marketing is not a membership club where they pay you for just being a member. It is a BUSINESS.
Network Marketing is not a fun club where you gather together with other distributors on Facebook, Tweeter, Linkedin or wherever to exchange funny and encouraging texts and postings. That is well and good, but understand this: You are in BUSINESS with YOU as the CEO of YOUR BUSINESS.
Network Marketing is not an illegal pyramid scheme where you just get paid guaranteed money when it is your turn without providing any value.
Network Marketing is a business. The minute you understand this, you are already ahead of 95% of Network Marketers who never seem to get this.
Network Marketing is a business and just like any other business, it must have the elements of what makes every business successful:
• A Good Product
• A Business Plan
• A Distribution System
• A Billing And Payment Receipt System
• A Display & Selling Point
• A Budget To Execute The Plan
• Commitment Of Time And Energy Owner (You!),
• Belief In The Product Of Your Company (You!)
• Positive Attitude Of The Ceo (You!)
• A PROFIT AND LOSS (You must learn how to balance your books knowing how much you are spending on the business and how much you are making and what you need to do to get to break even position)
It is of the absolute importance to understand this if you are going to survive and win with Network Marketing.
When you really UNDERSTAND and embrace the reality that YOU ARE NOW A BUSINESS OWNER, several things become automatic for you and you will be unstoppable on your way to winning with Skinny:
• You will not need anybody to tell you that you must MAKE A SALE (sign somebody up or sell to preferred customers) to stay open as business or make any profits.
• You will not have a problem understanding why your business must be exposed to POTENTIAL CUSTOMERS EVERY DAY and very often.
• You will not have a problem knowing you MUST DO AUTOSHIP every month to have stock to sell in YOUR BUSINESS and stay in the game.
• You will not need any motivation to spend some time promoting your business EVERY DAY (just like you don’t need to be prompted to go to work everyday!. You know if you don’t go, you don’t get paid. MLM Business is no different).
• You will not have a problem going to opportunity meetings where you can get free training and assistance
• You will not have a problem inviting your prospects to come to opportunity meetings (whether online or offline) where the ‘SALE’ deals can be done for you by a more experienced fellow business person.
• You will understand that as the CEO of your company NOBODY CAN REALLY GUARANTEE SUCCESS BUT YOU. Since nobody is higher than you in your own company, all decisions and responsibility for success or failure is on you. Your upline can only help you as a consultant but you take the responsibility for how well you do.
• You will stop looking for scapegoats to blame for not having success since it is YOUR business. Someone might have introduced to the business, but the minute you signed up, you effectively started your very own business.
• You will stop whining about how your Sponsor is not helping you. Your Upline is simply a volunteer Coach who is consulting for you at no cost to you. YOU MUST STILL SCORE THE GOALS YOURSELF.
Failure to grasp this REALITY quickly and early enough is one of the major sources of failure for Network Marketers. Consider yourself properly WARNED!
Look out for the part 2 of this article series where I discuss some other realities of Network Marketing or you can get a complete copy of my hard-charging no-fluff 56-page book, NETWORK MARKETING MIRACLE, where I explained EVERYTHING you need to do to become a successful internet marketer
Though I have shared the FULL AND COMPLETE discussion of these realties as a section in one of my best selling books on Network Marketing, The Network marketing Miracle, I want to share a summary of a section of it for free with so that you can learn something even if you never bought the book
I am willing to bet that when you were checking the opportunity to become a Network Marketing, you probably watched a beautiful video and saw a mouth watering compensation plan. Depending on how you were recruited, you probably saw all those beautiful checks that other successful Distributors were getting. You were probably assured that you can make serous profits in this business within a short time.
Guess what? ALL THOSE THINGS ARE PROBABLY TRUE!
However before you can even smell any of the big money you saw on the movie or get any check close to what your Upline enroller showed you, you must understand, embrace and live some practical realities. Without embracing these TRUTHS, you may be doomed to a life of disappointment and you cannot blame your Distributor or the company.
Most times, with the exception of very few MLMs, there was no misrepresentation in the Compensation Plan presented by most MLM companies. It is the realities about how to get there without tears that you must learn, embrace and celebrate.
#1.NETWORK MARKETING IS A BUSINESS just like any other business!
It always amuses me how many people fail to understand THIS SIMPLE FACT. By signing up to be an independent Distributor of Network Marketing, you are actually starting a BUSINESS OF YOUR OWN with the Skinny Fiber as your raw material
Network Marketing distributorship is not a hobby you just picked up. It is a BUSINESS much like any other business.
Network Marketing is not a membership club where they pay you for just being a member. It is a BUSINESS.
Network Marketing is not a fun club where you gather together with other distributors on Facebook, Tweeter, Linkedin or wherever to exchange funny and encouraging texts and postings. That is well and good, but understand this: You are in BUSINESS with YOU as the CEO of YOUR BUSINESS.
Network Marketing is not an illegal pyramid scheme where you just get paid guaranteed money when it is your turn without providing any value.
Network Marketing is a business. The minute you understand this, you are already ahead of 95% of Network Marketers who never seem to get this.
Network Marketing is a business and just like any other business, it must have the elements of what makes every business successful:
• A Good Product
• A Business Plan
• A Distribution System
• A Billing And Payment Receipt System
• A Display & Selling Point
• A Budget To Execute The Plan
• Commitment Of Time And Energy Owner (You!),
• Belief In The Product Of Your Company (You!)
• Positive Attitude Of The Ceo (You!)
• A PROFIT AND LOSS (You must learn how to balance your books knowing how much you are spending on the business and how much you are making and what you need to do to get to break even position)
It is of the absolute importance to understand this if you are going to survive and win with Network Marketing.
When you really UNDERSTAND and embrace the reality that YOU ARE NOW A BUSINESS OWNER, several things become automatic for you and you will be unstoppable on your way to winning with Skinny:
• You will not need anybody to tell you that you must MAKE A SALE (sign somebody up or sell to preferred customers) to stay open as business or make any profits.
• You will not have a problem understanding why your business must be exposed to POTENTIAL CUSTOMERS EVERY DAY and very often.
• You will not have a problem knowing you MUST DO AUTOSHIP every month to have stock to sell in YOUR BUSINESS and stay in the game.
• You will not need any motivation to spend some time promoting your business EVERY DAY (just like you don’t need to be prompted to go to work everyday!. You know if you don’t go, you don’t get paid. MLM Business is no different).
• You will not have a problem going to opportunity meetings where you can get free training and assistance
• You will not have a problem inviting your prospects to come to opportunity meetings (whether online or offline) where the ‘SALE’ deals can be done for you by a more experienced fellow business person.
• You will understand that as the CEO of your company NOBODY CAN REALLY GUARANTEE SUCCESS BUT YOU. Since nobody is higher than you in your own company, all decisions and responsibility for success or failure is on you. Your upline can only help you as a consultant but you take the responsibility for how well you do.
• You will stop looking for scapegoats to blame for not having success since it is YOUR business. Someone might have introduced to the business, but the minute you signed up, you effectively started your very own business.
• You will stop whining about how your Sponsor is not helping you. Your Upline is simply a volunteer Coach who is consulting for you at no cost to you. YOU MUST STILL SCORE THE GOALS YOURSELF.
Failure to grasp this REALITY quickly and early enough is one of the major sources of failure for Network Marketers. Consider yourself properly WARNED!
Look out for the part 2 of this article series where I discuss some other realities of Network Marketing or you can get a complete copy of my hard-charging no-fluff 56-page book, NETWORK MARKETING MIRACLE, where I explained EVERYTHING you need to do to become a successful internet marketer
Total Comments 1
Comments
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Awesome piece for those who really want to succeed in Network Marketing business legitimately.Posted 23rd March 2013 at 08:30 AM by thewealthapostle
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