4 Network marketing Lies that are Hurting your Business

I want to Thank Mike Martinez, who posted this very Pointed and
Truthful article on MLM Insider Newsletter.

The 4 Network Marketing Lies that are Hurting Your Business

For millions around the globe Network Marketing represents a
glimmer of hope. After all, a good Network Marketing business
brings along wealth, success and freedom unimaginable to most
business owners.

For the most part, NWM is a sound business model that can create
dramatic lifestyle changes. So then, if the above statement is
true, why is it that so many people fail? The answer to that
question can be found in the four NWM lies. But in order to get a
clearer understanding, lets first talk about the concept of
attrition.

Attrition is a word borrowed by the NWM industry to describe people
who join a company and then quickly fall out. Quick attrition can
be anywhere from the first day to the first year. However,
attrition dramatically lessens for those who have battled it out
and made it through their first year.

Now what does attrition have to do with the 4 NWM lies? Everything.
The fact of the matter is that many people recruit others using one
or more of these 4 lies. These falsehoods turn out to be the
triggering device for most early-on attrition.

Lets now take a look at these dreaded communication mistakes and
see how they can be effecting your success, and most importantly,
how we can eliminate them and reach success all the more sooner.

NWM lie 1: False income expectations: False income expectations are
probably the most used lie in NWM. It is often accompanied by it's
first cousin, the unrealistic time frame lie. Verbalized it sounds
something like this, " In 2 months I was making $5,000 a month," or
"In 6 months I reached the position of "Master of the Universe" and
was making $10,000 a month."

Now that all may have been true... for you. You may have very well
done that. But that communication will now plant the seed in your
prospect that will create a very unrealistic income and time frame.

Because you were able to achieve such an amazing result does not
mean that the next person can. Whenever these words are spoken it
almost always comes back to bite you.

The better approach is to give a low figure to begin with. A good
habit to get into is to simply say; "I can show you a specific plan
so that you can make $500 a month part-time. Once we reach that
goal, together we will work on your first $1000 a month."

That is a huge difference in communication. It inspires trust and
most importantly, it is doable. Don't think for second that people
won't be interested in making an extra $500 a month part-time. $500
a month part-time can be a very attractive proposition, especially
when you offer to show them how to double that into $1000 a month.

Bankruptcy statistics prove conclusively that an additional $200 a
month would have avoided over 90% of U.S. bankruptcies in 2005. In
addition, by setting the bar at an easy mark like $500 a month,
when you do come across a heavy hitter, one of those 3% of people
who takes off running, and this person does make that big check his
first month, you now look like a hero.

You could stop reading right now and if you begin formulating your
communication in this way and your time would be well spent. But
lets go on...

NWM lie 2: Exaggerated product claims: The second big lie is hyping
your product to a point where people expect miracles. For the most
part NWM companies have superior products. But with that said,
avoid promising more than the product can deliver.

If your product is a weight loss product, don't promise 30lbs in 30
days even if there is overwhelming evidence. Let the customer or
recruit experience the results themselves. That way they are coming
back to you raving about the product. This type of excitement
brings about customers that can't stop talking great things about
your products to everyone. This is Network Marketing the way it is
supposed to be.

As opposed to giving a prospect a hyped up expectation and then
having them not meet what you drilled in them. What do you think
they will be telling their friends and family about you and your
product? The exact opposite of what you want. It seems these days
that over zealous companies and representatives are out to prove
their superiority. It's great to have pride in your company and
products. Just watch what you say.

If your product has shown to be beneficial to a particular
condition, by all means point that out. But also make sure to
communicate the fact that everybody is different. And at no time
make any statement that your product can treat or cure a disease.
That can get you and your company in a lot of trouble quickly.

The way to get around this second obstacle is to use curiosity.
Master the question, "Why don't you try it and see the results for
yourself?" Educating your customers and reps with the benefits of
your product, and following up with that question not only creates
sales; it also implants a mental suggestion that gets the person
alert to the benefits. This subtle approach creates a long term
belief in you and your product.

NWM lie 3: This is the world's easiest marketing plan. This is
another big one. You see them on magazines, emails and TV
infomercials. You've heard it before, "All you need to do is get
two people who go out and get two people and before you know it you
have hundreds in your sixth level."

Yes, theoretically it is true. You can sit down and sketch it out
on paper. It may even sound totally logical. But the facts are that
it rarely happens as easy as we would all like.

The reality is that you have to go through a lot of people to find
those first two serious business builders. You have to go through a
lot of rocks to find that one diamond. When you plant lie 3 in a
prospect's mind you set the stage for massive frustration.

A much better approach is to lay the cards down accurately and then
challenge your prospect. A NWM business brings with it total
time freedom, huge financial rewards and unlimited opportunities
for growth. Your job as a master recruiter is to plant those
benefits with such beauty and appeal that the challenge to find the
right people is greatly outweighed by the rewards.

A simple way to accomplish this is by painting an irresistible
picture of what will be achieved by a successful NWM business
and then ask, "Would you be willing to ask 1000 people to take a
look at your business if you could achieve all the success we just
talked about?"

If you get an answer other than an enthusiastic "Yes," you either
have a poor prospect, or you haven't painted a vivid and compelling
enough picture of the benefits. Either way, this method of sorting
guides you to who is serious up front. In addition, this give the
prospect a long term perspective, minimizing attrition.

NWM lie 4: "It only cost xxxx dollars a month." If you are seeking
serious players it is of utmost importance that you be upfront
about the realities of this business.

The product consumption is only one part of the true expenses
incurred in this type of business. You have business cards,
marketing materials, training materials, websites, leads and more.
The danger of quoting your monthly consumption as your only expense
is that you position the prospect as a customer, instead of a
business builder.

Customers are important, but business builders lead to rapid
wealth. Serious business builders are a significant level above
customers. If your intent is to recruit a business builder,
demonstrate the tax benefits associated in the cost of running your
business.

For many the tax benefits alone are a very attractive draw for
joining your opportunity. The key point to get across is that this
is a true business. That being the case, there are some expenses in
order to effectively run a profitable business.

To summarize, the four NWM lies are devastating illusions that will
destroy your credibility and your business. The key to building a
strong team of true business builders is to use truth and help
prospects see the benefits inherent in this business. Your
recruiting numbers may dip a bit, but your retention and the
quality of your team will rise beyond your expectations.

As Mike pointed oput the Tax Advantages alone are worth joining a legitimate MLM HBB. The average Tax Savings for an Employed MLM part-timer is $4,000 to $8,000 a year.

Send me an E-Mail to

squeezeprofit@gmail.com

with the Subject line FREE TAX BOOK Please and I will send you a great PDF,
also click on the Link on the right and get your Tax Deduction Software
or just click here
Tax Saving Software

Chuck Bartok
www.chuckbartok.com