3 Reasons You Are Not Making Any Money In Your Network Marketing Business

November 16, 2016

Do you know that most people don’t make money with Network Marketing?

It’s sad, but true.

I don’t know of any specific study that comes up with a hard statistic, but I’ve heard that as much as 97% of Network Marketers fail in their businesses and never achieve the level of Network Marketing success they hoped to.

Now, that statistic may change dramatically if you filter out everyone who signed up just to get the wholesale discount and anyone else who really had no intention of building a serious business.

In any case, Network Marketing Business to achieve success is certainly not easy to come by.

Wanna Generate Multiple Streams of Income?

Of course you do… Right?

Every single person, whether in network marketing or in any other industry, wants to earn multiple streams of income to increase their financial portfolio.

So they can become financially free and to be able to provide for their loved ones.

Ok, so what do you need to do to make it happen?

There are 3 things that most online entrepreneurs struggle with.

It’s lack of traffic – people to talk to, no system and not having the right mentorship/guidance.

If you don’t have any of these things, you are bound to struggle at first and are likely to go out of business upon stumbling on your first “obstacle”, this is where most people quit in this industry.

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The Top 3 Reasons People Don’t Make Money in their Network Marketing Business

When you get right down to it, there are only really 3 reasons why people fail to achieve the Network Marketing success they desire and fail to make money with their Network Marketing businesses.

1) Failure To Take Action

The number one reason why people fail to achieve Network Marketing success is because they simply don’t do anything.

They get all excited, they buy the big start-up package, they think of a few people who would be interested and good at this sort of thing, and then they find a bunch of excuses to not do anything…

“I don’t have the time”

“The timing isn’t right”

“I don’t want to bother my family and friends”

“I don’t know what to say”

“I should know everything about the product first”

Most people quit their Network Marketing businesses before they ever sell a single product or sign-up a single rep. These kinds of excuses are deadly to the success of your business. If you find yourself thinking or saying these things, then you know your business is on life-support.

2) Taking Action On The Wrong Things

Then there are the people who take major action on everything they don’t need to do.

There are two types of “activities” in Network Marketing…Income Producing Activities (IPA), and non Income Producing Activities.

Both are essential to your Network Marketing business, but in order for you to achieve Network Marketing success, you need to focus 80% to 90% of your efforts on IPA.

Income Producing Activities are things that directly contribute to producing an income in your business; things like inviting your friends and family to see your presentation, actively prospecting people (either online or offline), showing your opportunity to people, following up with people who have already seen your presentation, etc.

Non Income Producing Activities are things that are essential to your business, but don’t directly result in an increase of income. The primary non-IPA’s that people distract themselves with is personal development and training.

Now, you do need to do personal development and training on a regular basis, but it should never take up more than 20% of your time.

But for a lot of people, it is an excuse to avoid the things they KNOW they should be doing…specifically, things like talking to people, networking, building relationships, and getting exposures for their business.

Focusing most of your time specifically on Income Producing Activities is essential to your Network Marketing success.

3) Not Doing Something Right

If you’re taking action and you’re taking action on Income Producing Activities, but you’re still aren’t having any Network Marketing success, then chances are that you just aren’t doing something right.

You’re inches away from a breakthrough – you likely just need to tweak a few things in your strategy to get there.

Sometimes, those things can be fixed by reading a blog post or watching a video, other times it requires an in-depth training program, and sometimes it really just requires some personal one-on-one coaching to make those breakthroughs happen.

I have been stuck in this situation a number of times, and getting the right advice at the right time was all we needed to make a huge leap in our success.

Investing in mentors and courses allowed me to increase my leads by 400%.

How To Succeed In Network Marketing Business

Most people will make significant progress simply by going through a process.

If you need an effective plan and step-by-step training, but aren’t ready to dish out hundreds of dollars for a paid training program yet, then we can talk.

If you’re ready for some personal attention, you can always fill out a contact form.

I offer one free coaching session to anyone who is curious about whether it might be the right thing for them.

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Gordon Attard’s Home Based Business Blog
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