5 Costly Mistakes in Network Marketing and Internet Business Online MLM

1. Pitch to friends and family: You are asked to make a list of 100 of your closest friends and family, including your high school teachers, your doctor, and your co-workers. This outdated method no longer works and could have been a brilliant strategy during the 19th century. However, face the facts, we live in the 21st century with a fast-paced, ever-changing world powered by the Internet, where one billion people search online every day.

2. Door-to-door sales: Not only is it one of the most hated jobs, it’s also a time-consuming way to onboard people to your team. The new word across the planet is “leverage” and if you know the definition of that word; I pray to know how people are going to be taken advantage of from door to door. Make duplicate clones or ask your friends and family for help (yes, that one again 🙂 who usually don’t have the same passion as them.

3. Cold calling: It takes a lot of guts and sticks on your side of the phone. Calling strangers is not the most pleasant thing to experience; it can also bring someone down if you are not strong enough to handle the calls. Being an expert phone salesperson requires years of experience and even then the conversion stats are so low that it’s not worth pursuing for anyone who isn’t an expert at it.

4. Sell pills and potions – When network marketing and online MLM internet business first started, it was a hit with pills, potions and magic wands. Once again it is sad to say that these days are over. Any MLM business that has pills and potions as its products is just an excuse to offer something and then it turns into a ponzie scheme.

5. MARKETING! Most people have no idea how to market their product. And it is ONLY through marketing that brings new people through the door on a daily basis. The 95% will struggle with this as they have never marketed or run a successful business before. At the end of the day, whether you’re selling burgers or vitamins, you’re only selling through effective marketing and they’re all business. If you’re treating your “business” like a hobby, it’s no wonder you get paid like a hobby.

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