Reasons why people fail to earn money from online businesses

Good morning, readers and followers.

I am going to highlight the various reasons why many people fail to earn money from internet marketing, MLM, affiliate marketing and any business for that matter. We have to understand that there is no risk-free business, and every opportunity has its unique challenges. We need to overcome these challenges to succeed in our businesses.

1.       Lack of focus: Many online marketers do not have focus. They set out to achieve one thing and along the line, because of the many opportunities that abound on the internet, try to do many things at the same time. This is surely a recipe for disaster. You have to do one thing, and stick with it; succeed in it before you move on to the next. That way, you devote all your time and effort to the thing that matters, and achieve good results.

2.       Wrong program: Some choose the wrong program. It is usually better to join an MLM opportunity which offers some residual income in the long run. Some people join affiliate programs which offers a one-time commission and after that, nothing else comes in. They get frustrated and fall out of the program.

3.       Expecting Instant riches: Many marketers join the business with high expectations of instant riches. They have a false expectation due to the overhyped advertisements they are gullible enough to believe. They expect to do no work, and as a result, get frustrated when they see the amount of work needed to achieve success, and subsequently give up.

4.       Failing to see projects through: Many people don’t have the required patience it takes to see projects through. They get impatient when they don’t see instant results.

5.       Lack of mentorship: People fail because they have no one to guide them through the rudiments of the business. Find a mentor if your sponsor is not doing his/her work.

6.       Failing to develop oneself: People come into online businesses knowing next to nothing about the business, and still expect to succeed. You need to educate and develop yourself in your line of business in order to succeed.

7.       Not having a definite plan: There’s a saying that says, “If you fail to plan, you plan to fail”. Some people only have a vague idea of what they want to do to succeed. They have no definite plan of action. And of course, they fail.

So, if you are a new network marketer, take a serious look at the above points and make sure you don’t repeat the mistakes of others. Persevere in your business, and success will be yours.

Is Multilevel Marketing a Scam?

    Many critics of the multilevel business model see it as a pyramid scam, where those who got in earlier are paid at the expense of the new entrants. They claim that no mathematical equation can support a pyramid, because it would mean that at a point, there would be no one left on earth to join if everyone were to join.

Other critics also claim there is a high failure rate for multilevel marketing and network marketing, sometimes as high as 97%, and majority lose more money than they make.

I am going to show readers why these arguments are flawed, and how they can overcome the limitations to their own advantage.

     To address the first question, I would use the words of Donald Trump, a world renowned entrepreneur and real estate guru, who said and I quote, “I am often asked if Network Marketing is a Pyramid Scheme. My reply is that corporations really are pyramid schemes. A corporation has only one person at the top, generally the CEO, and everyone else below.” MLM is really a small business franchise, where a larger company gives opportunity to individuals to do business and make profit, eliminating middle men. The advantages of network marketing are enormous:

·         You don’t have to quit your day job.

·         You spend less hours and work at your own pace

·         You leverage on the efforts of others.

·         You start with a relatively small capital compared with a traditional business.

·         You can earn as high as you want, depending on your own efforts.

·         It is a relationship business, where in order to succeed, you have to help others succeed.

      Of course, there are many scams out there, but at the same time, there’s so much information on the internet on how to locate the right opportunity. And Multilevel marketing is 100% legal.

         In answer to the second question, I would point out that it is on record that 95% of small business start-ups fail in the first year. Multilevel marketing is just like any other business, and the 2% failure rate greater than other traditional businesses is because most people do not realize it is actually a business they need to work at like any other business at the time if signing up. They are also deceived into thinking that riches come instantly. They get discouraged when they see it is not as easy as they thought and fail out. But MLM is actually easier to run than other business models and takes less of your time.

So, the solution to all these is the right education. Know what is involved to run a successful business and what is expected of you. Do your part, be consistent at it, help others, and watch success show up on your doorstep.

For more information on the right company to join, contact me on +2348035087631 or subscribe to our newsletters on this blog.

Offline marketing /advertising methods, especially for a novice network marketer

Hello readers and followers. So sorry I have not been able to update for some time now. I have been very busy but promise to be more regular from now on.

I want to talk a bit about offline marketing methods. These are generally all the methods used to attract prospects to your business without the use of the internet. As a novice, you’ll most probably start with these. These methods include:

·         Word of mouth: Generally involves talking to acquaintances, friends and family members about your business.

·         Distributing business cards: Print captivating business cards and hand out to people you meet every day, at your workplace, shopping mall, gym, salon etc. Usually works well with a smile, handshake and a few words about your opportunity. However, business cards tend to get lost easily.

·         Distributing flyers: You can hand out flyers to much the same way you distribute business cards. You can put some on car windscreens in a parking lot, or stand in a busy corner of a street to hand them out.

·         Mailing flyers or business letters: You can mail flyers or business letters to people in your neighbourhood using the local mail service. Find a way of getting local mailing lists from your post office. This method has been proven to work well.

·         Posters: Put up posters in conspicuous places and areas with much foot traffic.

·         Seminars and home parties: You can organize the traditional home parties where you invite people to your home, have someone talk to them about your business or play a movie about your business. Of course, you must have lunch or dinner for them. Seminars can be held in small halls, libraries, eateries, churches etc.

·         Telephone calls: Of course, I can’t forget the good old telephone. You can call up contacts on your phone, or ping them if you have a blackberry or any mobile app that allows pinging.

You need to be creative as well in these offline methods of marketing. Do things in an unusual way and people will notice you. Remember, whatever you do, do not create the impression that you’re desperate. Present yourself well, and your business prospects will come looking for you.

Keys to Building a Successful Downline in an MLM / Network Marketing Company

Are you considering joining an MLM opportunity? Or have you joined one already but you are struggling to succeed in the network marketing opportunity? Are you a novice in the multilevel marketing industry? Are you struggling to succeed or maintain success in the mlm industry? Are you planning to quit your business?

If any of the above questions describe your present state, then this article is for you. Apply the following tips to your business and you will not regret doing so. Happy reading!!!

·         Real products you are proud of: Choose a company that produces real and verifiable products which you believe in. Don’t involve yourself with scam companies. Make sure you love the products, and you are proud of them.

·         Stay motivated: It’s easy to be motivated at the beginning when signing up, but staying motivated when the challenges have reared up their heads is a different ball game. To stay motivated, think about the reasons you signed up for the network marketing opportunity in the first place. Also set goals for yourself, for example tell yourself you will sign up 2 persons per month in your downline.

·         Keep in constant touch with your downliners: Give them books, tapes and promotional materials, call them often, encourage them and sometimes set goals for them.

·         Find a mentor: In the network marketing industry, you need a mentor, someone more experienced than you to hold you by the hand and lead you through the hoops. If your sponsor cannot do that for you, find another person who may be in your company or not. The most important thing is to find someone interested enough in your success to go the extra mile to help.

·         Online marketing: You can purchase leads or build your own list if you have a website with an email auto responder. That way, you can have a constant stream of leads, and your downline will keep on multiplying.

·         Explore new methods: Don’t be afraid to try new methods of improving your business. Improve yourself and constantly research for the latest trends in your business.

·         Stay focused: Stay focused on your primary mlm opportunity and do not dabble into other ones until your business has started yielding significant income. Dabbling into other opportunities will make you lose focus and you will be more likely to fail.

If you apply these few points to your business, you will surely and steadily succeed in your business.

Call 2348035087631 for more information.

Leadership; The Most Important Attribute Of MLM and Network Marketers.

    Being a novice network marketer is a huge challenge. A novice, who had no previous training or skills in selling, suddenly finds himself or herself thrust with selling not only products and business opportunities, but with selling himself or herself to people. Now make no mistake about this: people are the raw material in this business. MLM and network marketing is people –oriented. You have to deal with people all the time, and no procedure or degree of automation can replace contact with people.

    To be an MLM or network marketer, possession of leadership attributes is essential. By leadership, I mean being courageous, taking risks, not being afraid to approach people, intelligence, diligence, empathy towards others, self-motivated, and most importantly, giving value to others. A leader does not necessarily need to be loud, but wherever there is a leader in the midst of people, it usually becomes clear in a short while. Call it charisma, carriage or whatever you like, but it usually shines through all the same.

    I am not here to advocate certain personality types as leaders over others. Rather, I believe each of us has it within us to be leaders. It depends on how well we express it. Some express these qualities better than others and become leaders of the pack. However, when situations warrant it, leadership traits are exhibited by others who previously were not viewed as leaders. Many of us excel in our various fields of endeavour, but we still do not view ourselves as leaders. We don’t have to be loud to be leaders, but we can cultivate the habit, and with time, others will come to view us as leaders.

    So how do we acquire leadership qualities? How do we become that man or woman who everyone wants to associate with?

·         We need to tell ourselves repeatedly that we are leaders.

·         We need to start acting the part of leaders.

·         We need to believe that we are leaders.

It is only when we have done this that we can develop the confidence to sponsor other people, be their coach and mentor, and help them succeed in their businesses.

For more information call 2348035087631. 

How to Drive Traffic to your Website in Internet Marketing

Hello, readers and followers. How are you all doing?

As business men/women, entrepreneurs, network marketers, internet marketers etc, we all need to advertise our businesses in one form or the other. It is not enough to own a website. People need to visit your website in order to see what you are marketing, and may become your customers in the process. If you own a beautiful website but the number of people visiting your site is small, it is almost equivalent to locating a large supermarket in a sparsely populated town: you’ll have few customers, few sales, and little income. But if you locate the same supermarket in a busy place with much foot traffic, you’ll have lots of customers.

Internet marketing is the combination of all the processes which you carry out to make internet users and potential clients visit your website. Of the visitors, a number may decide that your website is valuable to them and continue visiting. These are called followers. The process of creating followers is called lead generation. Some also end up buying your product. Internet marketing is a science as well as an art that needs to be studied.

Methods of driving traffic to your website include:

1.       Free methods

2.       Paid methods

Free methods include the following:

1)      Search Engine Optimization (SEO): This method involves the processes by which a website is made visible to different search engines. If the website is optimized, its position will be closer to front page of search results, and will attract more visitors. Factors that determine search engine results include the following: presence of keyword in the website address (URL), keywords in the title of website, Keywords in the headings of articles, keyword density in body of texts, presence and number of back links to quality websites, regular updating of articles, etc. In fact, the whole process of internet marketing all aim to achieve search engine optimization.

2)      Article marketing: You write articles and post to ezines (internet magazines) with back links to your website.

3)      Forum marketing: Joining web forums in your niche area and making regular contributions also drive traffic to your website. Some forums allow you create a signature which may contain a link containing your web address.

4)      Video marketing: You can post videos on YouTube and attach links to your website. Also very effective.

5)      Social media marketing: You can use face book, Google+, twitter, LinkedIn, MySpace, Reddit, and other social media to promote your site. Write small pieces introducing the article and attach a link to your website.

6)      Email marketing: You can send regular marketing emails to followers and leads.

Paid methods of driving traffic include:

1.       Pay per Click Ads: These are advertisements placed by Google, yahoo and other sites such as facebook, etc. These ads usually target a specific niche, and are very effective. But for a beginner, it would be very expensive.

2.       Telephone marketing: This is usually very expensive but can still be used.

These methods are not exhaustive, but are very good for a start. Beginners should start with one method and master it before moving to the next. It is also important not to spend too much money on advertisements until you have started generating enough income to cover the cost of advertising.

Thanks for reading.

Fear is Good

Are you afraid to start an MLM business? Are you afraid that your business will fail without you recovering your initial costs? Do you shake within you at the thought of going out to prospect? Do you fear about what people will think about you?

       Well, the good news is that fear is good. When you are afraid, go to work. Seeing results help you overcome your fear. Fear will spur you on to continue working until you succeed. And you will become the better for it.

     Do not give in to your fear. Successful people are not necessarily fearless, but they are people who go out in spite of their fear. Courage has been defined as ability to take action in spite of fear. The fear of failure can make you work harder than normal. It can make you go the extra mile to succeed. The fear of poverty can drive you to heights you never imagined. The fear of not being able to provide enough for your children can be the greatest motivating factor ever.

     The great leaders of the world today were able to conquer their fears of failure. You have to overcome fear to be great. If you don’t take up challenges, if you don’t do extraordinary things, how would you know the power that God has put in you? How would you realize your full potentials?

     Most people will never have a family vacation abroad, most will never drive their dream cars, most will never visit that exotic place they dream of, most will never live in their dream house, most will never live a healthy life, most will never be able to afford quality medical care, and most will never have their dream jobs, because they refuse to leave their comfort zones due to fear.

      Don’t be a mediocre, doing the things everyone else is doing, going through school, marrying and settling down to a 9-5 job for 35 years, only to retire into poverty. Take up the challenge to be wealthy, and take steps to work towards it. Live your dreams. Enjoy your life.

      So, when next you feel fear grip your heart and you wonder if you will be able to succeed, know that the only person who can stop you is yourself. Go out, do what you have to do, and conquer that fear.

Join FLP today. Call 2348035087631 for more information.

For a free 7-day video training course on how to attract endless leads to yourself in your MLM business, visit http://greatwoman.magneticsponsoringonline.com/

Have a lovely day.