Network Marketing Business - Why Get Rich Quick Doesn't Work In Mlm

November 9, 2008

Having a get rich quick mentality is a short cut to failure in network marketing. Unless you have an army of hungry prospects under your mind control who will sign up underneath you at your command then forget it. This is a long term growth business and that's the way it should be.

But that's not to say you cannot still build a business quickly. There was a time when 2-5 years was the suggested length it usually would take the average distributor to go from start up to reaching their first major level but the truth is, with the internet in play today, this time has been cut dramatically.

The reason internet network marketing is so powerful is because of it's ability to target prospects from all over the world and at all hours of the day. The internet is a 24/7 365 day a year broadcast channel and never stops and neither will your marketing efforts.

Network Marketing Failure Rate

In this article, we want to highlight the attrition rate within the industry but also a way to help you avoid being one of the statistics. First thing you need to do is develop the right mindset.

Long term mindset + consistent effort = success…

What the majority do when they join a network marketing business is become blinded by the enormous inc0me p0tential and yes, it’s definitely available to them. In fact, network marketing is still way and above the best way there is for the average person to create wealth from a standing start.

If you’ve been to an opportunity meeting then it’s only when the presenters start to spin the circles that the interest is really tweaked. That’s fine and will get a prospect interested but reality dictates that there must also be a balance.

In other words, the prospect needs to understand that sort of income level won’t happen overnight but it will happen if you use the equation we highlighted above…

Long term mindset + consistent effort = success…

So the first thing you must do is make a commitment to do more and pay more now. Do more being making that long term commitment and spending time in your business and pay more being investing not only in yourself but more importantly, your prospects.

When things appear like they are not happening early in proceedings don’t react by getting discouraged and doing less. Maintain your effort and even increase it because what you sow now will come back to pay you big time later down the track.

Trust me… Long term mindset + consistent effort = success… is so simple in it’s application that many lose sight of it. But when attacked with ferocity and commitment it’s one of the most powerful ways of creating long lasting wealth with your at home based business.