Do you know why most networking marketing (MLM) businesses fold in their first year? The answer may surprise you.
You probably know that most traditional, brick-and-mortar businesses (like a store or shop) fail in their first year because the expenses compared to revenues are just too great.
This is seldom the case with network marketing. There's very little investment required, you don't need to purchase large stocks of inventory, and there's very little if any overhead because you are working from home. In fact you get paid for the home space used in the form of a tax write off.
So what is the cause of failure in network marketing business start-ups? I can tell you in three words...
Lack of Commitment.
Most give up on their network marketing business in the first three months. They don't even give it time to grow!
Many people start out with a list of goals - reasons they want their own home-based business. For example...
o Time to enjoy life with my loved ones.
o Set my own work hours and conduct business wherever my phone or laptop will go.
o Lifetime financial security.
o Freedom to vacation when I want and where I want.
o Owning a sailboat with polished mahogany, cushy beds and a gourmet galley.
o Retiring in that home on the lake.
o Attending charity balls and auctions.
o Driving the car of my dreams.
o Owning a wardrobe that expresses who I am, not the bargain basement specials.
o Taking a cruise.
o Sleeping well at night, knowing my income is providing well for my family, and that as I sleep, my business is growing.
Dreams are important. Often when you ask someone why they want a home-based business, they will tell you right away what they don't want, what they want to escape - like the boring job, unappreciative boss, long hours, etc.
Knowing what you don't want is a start. But for true inspiration, consider what you do want. Take a few minutes and jot down a list of what you want from your business. We can help you achieve these things, but you have to be committed. You can't do it over night. You can enter the fast track to success if your desire is strong and you are committed.
Perhaps you've read the following quote. It's not written in modern day language; it's not hip, but it conveys an essential truth about success, one that can change your life.
"Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation), there is one elementary truth the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, providence moves too.
"A whole stream of events issues from the decision, raising in one's favor all manner of unforeseen incidents, meetings and material assistance, which no man could have dreamed would have come his way. I learned a deep respect for one of Goethe's couplets:
Whatever you can do or dream you can, begin it.
Boldness has genius, power and magic in it!'"
W.H. Murray
The Scottish Himalaya Expedition, 1951
Perhaps it was your decision to commit yourself to building your own online home-based business that has led you to seeking to make your dreams come true.
Are you ready to take that big step towards a prospering home business of your very own and the independence and lifestyle this can afford you, or are you "just thinking about it?" Give this some thought. If the answer is "YES!" then it's your time to get started.
Don't feel like you're being pushed or you will forever feel nagged, and nobody wants to drag you along. If you are looking to become a leader, then do it with commitment.
If you're just thinking about it, just weigh the pros and cons of continuing on your present day path or putting in a few extra hours a day to make your dreams come true.
David L. Feinstein, noted business coach and home business entrepreneur, is the author of various articles that help to empower individuals. To get the real innovative marketing knowledge and training, so you can be at the cutting edge of using technology to build your internet network marketing business correctly, visit: http://www.BuildingDynamicFutures.com
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