subject: MLM Keys To Success - Avoid These Top "Business Killing" Mistakes [print this page] MLM Keys To Success - Avoid These Top "Business Killing" Mistakes
Do you know what causes approximately 97% of network marketers to fail? Among the MLM keys to success are knowing to avoid the biggest pitfalls that causes most network marketers to fail. In this article, I will outline those "business-killing mistakes" for you so you can avoid them in your business.
1. Spending Money On The Wrong Stuff: One of the biggest MLM keys to success is knowing what investments of your money build your business, and what investments of money are not effective in helping you build your business. One of the biggest business killers that get network marketers is people who spend all of their marketing budget on promoting their company, instead of promoting themselves. Think about it -- did you buy a ton of product samples, brochures, DVDs, mousepads, coffee mugs, business cards, car stickers and other company paraphernalia because you were told to hand that stuff out to everyone you can find? This is not the place to spend your money. You need to promote yourself as an expert who has an answer to a problem people have. Positioning yourself the right way is a major MLM key to success, and spending your money on all this stuff isn't serving this objective.
2. Spending Too Much Too Fast: One of the less talked about MLM keys to success is investing your marketing budget incrementally. Meaning, until your skill set grows -- you learn to master different forms of advertising and traffic -- you don't want to spend too much money on certain things. For instance, if you are going to buy opportunity leads, start out buying leads that are a week old or so (as opposed to real time MLM leads), because your cost per lead will be substantially less and you won't spend all of your money during your learning curve. Same thing goes for paid advertising. Think about doing some banner ads or solo ads before you necessarily go headlong into PPC advertising. What kills more businesses than anything else is spending yourself out of business. Don't risk everything on something you don't know enough about yet. As you get better, start to invest more and invest in "bigger" sources of traffic. This MLM key to success is what will put you in that top 3% who succeed.
3. Spreading Yourself Too Thin: So many network marketers are so anxious to build their business that they make one of the big cardinal mistakes that can end their business quickly. They try to do everything at once. One of the best tips and MLM keys to success I can give you for how to build you business is to master ONE form of traffic at a time. So instead of trying PPC, Facebook advertising, banner advertising, article marketing and video marketing all at the same time, pick one source of traffic and focus on that. Get really good at it and just work on that until you have it working -- until you see results. This is a huge MLM key to success. Then you can add another form of traffic. If you've ever heard the saying "a jack of all trades, a master of none," it is 100% true about network marketing businesses. Having a lot of stuff out there, but none of it working well, is a recipe for your business failing fast.
4. Failing To Invest In Yourself: Another of the most important MLM keys to success is to keep your eye on the bigger picture, and that in part means that you need to commit to re-investing into your business. Too many people complain about having too small of a marketing budget, but then when they make their first dollar in the business they put it in their pocket instead of adding it to their marketing budget. If you want your business to grow, then you need to invest everything you make back into your business until you have enough profits to be able to have an adequate marketing budget. Then you can start paying yourself. That little bit of restraint in the beginning will mean much bigger dollars in your bank account later on. This is an MLM key to success we all need to follow.
Discover All The MLM Keys To Success That Your Upline Has Known And Has Been Doing All Along. Learn the 7 Top Secret Strategies They Used To Build Their Huge Downlines And Huge Incomes! Grab My FREE REPORT Titled: "How To Create YOUR First 6-Figure Month In Network Marketing" by clicking on the link above.
