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Why Network Marketing has such a high failure rate

Posted by H L Hamby | Home Based Travel Agent, Network Marketing, home business | Sunday 31 May 2009 2:20 pm

Why do so many people who start network businesses fail in the first few months? A lot of people who start in network marketing get discouraged and quit after a couple of months and most people do not last a year. They get all fired up and excited about the opportunity and think that everyone they know or talk to will feel the same way, once they have an opportunity to tell them about it.

Then reality sets in when they start telling people about this wonderful business that they have found. Some might be slightly interested in starting a business of their own, but a great majority of people today have no desire to start and run their own business. Some of the ones that are interested in starting a business have heard all the negative things about network marketing. The first thing a lot of them say is “yes I know all about network marketing sometimes called Multi Level Marketing or MLM. It is just a pyramid scheme and no one but the top people ever make any money”.

After being turned down by most of the people that they talk to about the business, they get discouraged and decide to give up on trying to build a business. Then they become the next person to spread the word that network marketing is just a scam.

This is why I am setting up this blog and my web site to educate people about network marketing and how it really works. I am in the process, with the help of some people on my team, of writing an eBook that will explain network marketing in detail. This book will also explain why network marketing is not only a legal business model, but probably the best model for someone to get started for a small investment and build a business that suits their needs and comfort level. The business could gross anywhere from $50.00 a month to $50,000.00 a month. It is all up to the individual and how much effort and time that they wish to invest, and what it takes to make them a success in their own mind.

As much as I hate to say it, network marketing is not for everyone. Just like any business or occupation is not suited for everyone in the world. If that were the case we would be in bad shape, because everyone would want to be doing the sane thing and all other fields would be vacant. This is the big reason there is such a high failure rate. People who really do not want to do what is necessary to build a business get involved in a business and soon decide that they really are not interested and quit without ever making any money.




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Affiliate Marketing

Posted by H L Hamby | Network Marketing, home business | Saturday 2 May 2009 4:14 pm

I know that most of the information in this post are things that a lot of you already know. But, some people out there are not as up to speed on some things as others. I want to help bring some of those that are not as knowledgeable as you are up to speed.

Affiliate marketing is simply getting people to go to a business to buy merchandise, take advantage of a service, or become a dues paying member. When this happens the business pays the person that referred the customer a commission. This is not a new concept brought on by the Internet, the Internet just made it more popular and profitable.

In the old days, when I was young, people that engaged in affiliate marketing had to send proof or have the customer tell the employees of the business that they had sent them in too purchase something. Now all you have to do is sign up with the business as an affiliate, and they assign you an affiliate code that is included in the link from your web site, and a program keeps track of all of the sales that you referred to the company. Then at the end of the pay period if you have the minimum amount to qualify for a commission check the company mails you a check. It is one of the simplest ways to make money that is available.

To make money with this method, you should have a web site that you can get people to visit and click on the links you have to your affiliate sites. The other way is to build a large mailing list to send emails to the people on your list and suggest products and services for them to purchase. However, you have to be careful about sending emails to refer people to an affiliate company. If you do not have permission to send the person an email, then it is considered spam. SPAM is not legal or a good business practice. Most companies will terminate your affiliate privileges if you are reported for sending spam.




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Become a Travel Agent

Would you like to own you own Travel Business?

Become a Travel Agent

Please compare our prices for Your Travel and Vacations.

Hamby Travel On Line