Friends call you asking if you'd like to join them for dinner.
Sound familiar?
Flashy Youtube video might have shown a man riding in his new car, talking about how he earns more money in a month than most people make in a year. He just needs to get people to sign up and buy his products.
It's so easy, right?
It is amazing how you can get people to purchase products they already have.
Only 4/10 people can make enough money from networking to be able to work full-time or have financial freedom.
6 out 10 Network Marketing entrants fail.
First, we'll cover the Top 5 Reasons Network Marketing Fails. Then, we'll show you a Business Model with far greater profit potential than Network Marketing.
Let's get right in...
False Expectations and a False Company
Network Marketing's success or failure will depend on the products you sell and the company that you join. It is estimated to be worth close to $200 billion annually. It is possible to work with almost 10,000 )... businesses, but the question remains: "Which company should you join?" "
This is your $64k question.
Do your research, read reviews, and talk to people who have made a lot of money joining the company.
It doesn't matter if you join a Pyramid Scheme, which is based upon flashy cars and large multi-story houses.
Network Marketing is a popular way to make a living. Or, at the very least, within 30 days. They feel discouraged when things don’t go their way.
Success takes time.
Wealth is easier than any other avenues such as starting a business, becoming a lawyer, doctor or lawyer. It takes time to master the product and learn new skills.
Prospecting to Friends and Family
Network Marketing can be tempting to limit your focus on your immediate network of family and friends when you first begin. It will be difficult to find new clients to help you build your business.
This approach has its advantages, especially if there is a relative in your target market or if you have many college friends. However, the truth is that you will eventually run out friends or worse, become annoying.
It is important to think beyond the immediate circle of people you know in order to avoid being seen as a salesman.
Network Marketing is all about prospecting. It is difficult to build a company that will make you the amount of money you want if you don't know what prospecting is.
There are No Obligations
Would you be willing to make the franchise a success for $100,000?
Yes.
You don't want to waste it.
A business opportunity that costs only a few hundred bucks should not be considered inferior.
To make a commitment, you only need to spend a little money.
Let me explain...
Your initial investment is to get you in the front door. Many network marketers don't invest enough time or money to grow their businesses.
A CEO must give their business all the attention it requires to grow exponentially. Network marketers call it a day when they aren't getting the results or making the money that they want.
Truth is...
They were all 100% In?
They were able to spend the time needed?
Did they get the right coaching?
I've already said that coaching is key to any network marketer's success. Too many new recruits are brought in from sponsors who just joined the company.
A sponsor might not be able to help the new recruit. A recruit could become discouraged and give-up.
Encouragement and Frustration
My son, now 6 years old, was taught how to ride a bike by me. It was as simple as giving him a push and getting him moving.
He falls within the first 10 feet.
Did he give up and decide that riding was not for him?
Hell No!
He had spent a lot on the bike and wanted to learn how to ride it. This was his favorite bike and he longed to be a big boy.
He got on the bike again and crashed.
Again...and again.
What's the deal?
After about the fourth or fifth time, he found his balance.
Network marketing is no different. It's not easy.
Everyone has to experience the same failures and successes.
Are You Sure Grant Cardone Was Successful in His First Venture into Property?
Think about all the musicians who had to take gigs in order to start their careers. They weren't complaining, but they didn't give up.
Elvis Presley drove a truck to make a living, until Sam Phillips recorded him singing "That's All Right Mama" and the rest is history.
This is not to discourage you from following your dreams. You'll never know the extent of success.
The Scary Little Word, "NO!" "
How many times were you told "No" by your parents as a child?
If your experience is anything like mine, you've probably heard "No" many times. You may have even thought it was your last name.
Billy: You can't have another cookie!
Tommy: You can't paint on the walls with crayons!
Cindy, no! Stop using mommy’s make-up!
No surprise, "No" can bring up the worst feelings. Even though we are adults, it is still a horrible thing to hear "No ".
Have you ever heard the phrase "No" getting us closer to "Yes?"?
It's important to remember that when someone says "No", they're not saying it directly to you but are saying "No" to the business opportunity. If they feel the opportunity is right for their life and at the right time, they'll sign up.
Sometimes, people say "No" to indicate that they don't think the time is right.
Remember this:
Some will...
Some won't...
So what...
Next Who?
Conclusion
These are 5 Top Reasons Network Marketers Fail.
We weren't trying to ruin anyone's day. We didn't mean to make things worse.
It was not even mentioned how wet the blanket was.
Network Marketing was the focus of COVID-19.
That one will be saved, however.
Your question is probably:
What's this online business model?
Digital Real Estate
It sounds exactly as it does. You can make money with digital real estate
How it works
Imagine you could have 10 houses!
Units could be rented for between $750-1000 per month
Passive income ranges from $7,500 to $10,000 per monthly.
What happens if you have 100 rental units?
You don't have to spend $Millions building homes and apartment blocks. Instead, you can only spend a few hundred dollars creating websites.
These websites are then ranked in search engines for specific home-based services customers want.
Next, search for local businesses looking for customers willing to pay for information.
Then...
BAM!
Digital Real Estate is an innovative way to earn passive income. It is possible to easily make 4-5 figures per year without speaking with anyone.
Network marketing allows you to compete with thousands, if not millions of people selling the SAME product to the SAME customers.
Digital Real Estate offers a competitive advantage and a profit margin of 85-90%.
I could continue but I'm sure you have questions about building Digital Real Estate assets and building your digital empire.