1. You don’t need big money to get started in network marketing. In my case, I started with Rs. 400 to be a Modicare Consultant. Most people failed in network marketing or quit because they treated their business for what it costs, not for the opportunity it represents.
To me, my business is not a Rs. 400 venture. It’s my Rs. 1 crore business. That’s the opportunity it represents. It’s no different than investing in real estate or stock market. You invest because of the potential and the opportunity.
2. Unrealistic Expectation
You joined network marketing hoping you will be rich in no time. It’s true network marketing can be a vehicle for anyone to realize their financial dream. But the same applies to any other business. You invested 4 years of your time to get a college degree and inherited debt along the way. Why? Because you invested in yourself. With better education comes better opportunity. So why should it be any different with Network Marketing? Network marketing is not a miracle or a wonder business. It doesn’t make you rich simply by being a part of it.
3. Lack of Focus
You spent too much time doing unnecessary things like administrative works related to your business. When you want to build your network marketing business, you should be spending most of your time growing it. Any other works will only take time away from you building your business and get your closer to your goals.
4. Poor Execution
Just because you are doing it, doesn’t mean you are “DOING” it. You need to execute your strategy flawlessly. For example, house Meeting is a great way to promote the product and the opportunity. But don’t setup your meeting on a time where it’s difficult for people to attend it. Or don’t host a meeting in a house if you expect 30 people are going to show up.
5. Confusing Strategy
Network marketing is a business of duplication and replication. To do it successfully, you need a duplicatable strategy. If your distributors can’t replicate what you do, your business will be a one-person effort instead of a team effort. A lot of people are guilty of over-analyzing.
I tried to do something that might work better for me, but not necessarily for everyone else. I tried to reinvent the wheel. Bad idea. Think about it. A proven system that has worked for so many people vs my own unproven system. It seems like a no-brainer but hey, we all make mistakes. I am glad I caught it early.
6. Unwilling To Do the Uncomfortable
If you are not doing something uncomfortable, you are not doing it right. If calling someone is uncomfortable, that’s exactly what you should be doing. If talking to someone about your opportunity is uncomfortable, you should do it even more. People refuse to do the uncomfortable because it takes them out of their comfort zone. Comfort zone is over-rated. It kills one’s desire to grow and innovate.
7. Lack of Conviction
When you get into network marketing, you can’t do it half-heartedly. It doesn’t mean you have to do it full-time or spend all the free time you have on it. It means you can’t second-guess your decision whether it’s the right business for you. The second-guessing work should have been done beforehand. Once you decide to do it, you should put your heart and soul to it. Do it with passion.
Person who show a lack of conviction in doing what they do will crack the moment someone question them their motivation and objective of doing what it is they do.
The above information from http://www.joefiro.com/7-reasons-why-you-failed-in-network-marketing/
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