7 Ways to Fail at Network Marketing

1. Not knowing who your prospects are.  

Just because someone has a pulse, it doesn’t make them a prospect for your . 

Tip: Your best prospects are current network marketers. 

2. Make a list of 100 people you know.  

If anyone recommends this as a marketing strategy nowadays, they should be shot. 

3. Cold calling “lead” lists.  

Cold calling sucks! I’d rather slit my wrists than cold call. Period. 

4. Cold calling mlm genealogy lists.  

If you’re doing this, frustrated, but want to keep plugging away at it, call me and I’ll come over and slit your wrists for you. 

5. Advertising your opportunity.  

Your best prospects are current network marketers. They are already involved in an opportunity. They need someone to help them avoid the above mistakes. 

6. Selling your opportunity.  

People don’t want to be sold. They want to be referred to an opportunity by someone they know and trust. Someone they perceive can help them. 

7. Paying for your marketing without a strategy to offset your costs.  

You need to attract to you by offering them tools to help them in their business.  

Some of these tools can be a report, teleseminar, or course that you charge a small fee for.  

The income from these small fees should significantly reduce your cost of acquiring leads. This is called a “funded proposal”. 

What you need to do.  

You need to look at a system that offers you the ability to provide tools for current network marketers and has a funded proposal. 

One such system is Mike Dillard’s Magnetic Sponsoring.

 

  

Oh, and another thing. If you are concerned about the fact that you are unknown so it will be difficult to gain trust people’s trust, don’t be. 

With Magnetic Sponsoring you can “piggyback” on Mike Dillard’s expertise and good reputation. 

More about this in a future post.