Why 80 Fail In MLM Online Business
Below is a MRR and PLR article in category Internet Business -> subcategory Web Hosting.
Why 80% Fail in MLM Online Business
Introduction
In the world of online business, particularly Multi-Level Marketing (MLM), 80% of participants fail primarily because they quit. This article aims to change that by encouraging those with the potential to succeed to stay committed and not give up.
Understanding the Problem
It's common to see leaders in MLM eagerly start their journey, only to abandon it shortly after. They often begin with statements like, "I'll never quit," but within months, weeks, or even days, they exit the business.
As motivational speaker Jim Rohn suggests, "Isn't that interesting?" The focus should not be on chasing those who leave but on empowering those with genuine skills to persevere.
The Importance of Staying Committed
For those with sales, communication, or leadership skills, it's crucial not to leave before witnessing the potential rewards. Visualize your dream, whether it's a luxury ocean-view penthouse or a sleek sports car, and pursue it relentlessly. As motivational speaker Johnny Wimbrey advises, make it your "Must."
The Myth of Get-Rich-Quick
Many enter MLM expecting quick wealth, only to become disillusioned. The truth is, those at the top of scams do get rich quickly, while others lose hope after investing. This cycle needs to be broken.
Evaluating Your MLM
Should you stick with your MLM? If the company's legitimacy is a concern, consider leaving. However, if you believe in your company, the message is clear: Don't quit!
The Reality of Work
Success in MLM requires dedication. As Greg Ankeny, a leader in health company MLMs, puts it, "I went to work." The unwillingness to work hard is why most people fail. Yes, you’ll need to engage with people and diligently follow marketing plans.
Even though online marketing is more accessible than ever, with options like cheap ads, forums, and pay-per-click, only a small percentage of MLM participants actively promote their business. That needs to change.
Steps to Success
Here's a simple plan for thriving in MLM:
1. Never Quit: Persevere even when challenges arise.
2. Find What You Love: Choose an online business you are passionate about.
3. Recall Your Achievements: Reflect on past accomplishments to boost your confidence and resolve.
Thinking of previous successes, whether academic or professional, can inspire you to seize the MLM opportunity.
Conclusion
The hope is that someone considering leaving their MLM reads this and decides to persevere. By staying committed and following your mentors’ guidance, you might achieve financial freedom and secure a prosperous future for your family.
Consider the story of Joel Buchfeller from Excel Telecommunications. He enrolled one person who made him financially secure for life. Remember, your next step could lead to similar success.
Never forget: "With men this is impossible, but with God, all things are possible" (Matthew 19:26). If you truly believe in your MLM venture, stay the course. You could be the next online business millionaire, sharing your journey and inspiring others. Never quit.
You can find the original non-AI version of this article here: Why 80 Fail In MLM Online Business .
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