97% of network marketers fail! How often have you heard that?
Do NOT promote a company, a product or a compensation plan. Instead, promote YOU!!! How often have you heard that?
As network marketers we hear these things over and over again.
But here is a question that is not often addressed; how do you know which network marketing company is right for you? Let's face it there are millions of network marketers flooding the virtual marketplace. There are so many methods of making money online; newbies and novices alike are flooded with a myriad of choices. As we interact daily with others using social media we see that there is a smorgasbord of companies online. Some people are promoting gold and silver, others are promoting ways to get free groceries, you see ways to get discount health care and still others are promoting products to help people stay healthy; i.e. weight loss products and herbal tonics.
Which way should you go? How do you know which company is the right fit for YOU?
Think about what motivates you...
Is it money?
Do you enjoy helping others?
For some network marketing produces a vicious cycle. Because so many people are motivated by money and money alone they are easily enticed by companies that boast MASSIVE PAYOUTS with little to no effort required. This is WRONG, WRONG, WRONG! There is no such thing as easy money. I am sure you know of a person or two that has jumped from opportunity to opportunity not earning a dime in the process. They fail in every company they join and in their mind the companies are at fault for misleading them into believing they would become rich. After repeating this cycle a number of times they walk away battered and abused. They become bitter and develop a disdain for the field of network marketing. They join the ranks of the 97% of people who fail as network marketers.
Picking a network marketing company is not like selecting an outfit of out your closet in the morning. You have to be smart about it; it is important to do your due diligence. Educate yourself by researching all that you can about the company.
- What are the products and/or services being offered
- Familiarize yourself with the company's compensation plan
- Determine who would be the target market for the products or services
- Will you be marketing nationally or only locally
- Understand exactly how money is earned with the company
A person's reputation sets them apart from others. Jumping from company to company aimlessly can have dire consequences. Think about all the people you were able to attract to your many business ventures. Now think about the condition of your reputation if all of those business ventures tanked. The blind cannot lead the blind. Don't select a company to join simply based on the potential $$$$$ that can be made by YOU!!! Your prospects and customers will pick up on the fact that you are not genuine. Instead look for ways to create a win-win for your prospects, your customers and yourself.
As a marketer you are looking to fulfill a need which requires you to develop a service mindset. You mission is to assist others and that should become your biggest motivator.
Network marketing is a tough industry. Ensure from the onset that you don't align yourself with the 97% of marketers who fail. Put some time and effort in selecting the right network marketing company for you.
