Disclaimer: The information in this blog applies equally to Network Marketing, Multi Level Marketing and Affiliate Marketing. We use Network Marketing as the primary because of search relevance.
Why Do So Many People Fail In Network Marketing?
The failure rate in the Network Marketing industry is slightly skewed for a couple of reasons. Number 1, many companies don’t differentiate between a customer and a distributor, and good companies have a lot of customers. So you will have percentage of people who never show a profit, because they are only a customer and never wanted to make money.
You also have a percentage of people who don’t join Network Marketing with a desire to make the “BIG” money. Many just want a part time supplemental income or enough to get free products. They have a full time job that pays their bills and are only looking for a little boost or play money. All of these people will be considered failures (even though they are getting exactly what they want), because they failed to make enough money to live off of in Network Marketing.
I am not at all suggesting that there are not people who fail in Network Marketing. There most certainly are, but the reason really isn’t a secret. In this video I go over the real reason people fail in Network Marketing.
Failure Rate in other industries
Real Estate Agents: According to Trulia.com 90 percent of Realtor that complete their school and get licensed choose to not renew that license the second year. In other words 90 percent of Realtor fail after just 1 year.
College Students: According to the National Center for Education only 59% of students enter a 4 year degree program have earned the degree after 6 years. No typo the study gave 6 years for a 4 year degree and 41% failed to achieve it.
Professional Athletes: According to the National Collegiate Athletic Association their are approx 400,000 college athletes in a give year and only .5% of those go on to become a professional athlete. Yes a 99.5% failure rate and that of those good enough to play college ball. It doesn’t even scratch the surface of all the high school athletes that had high hopes, but didn’t make a college team.
College Graduates: Of those college student that do get their degree only 40% of them find a job in their field of study (60% fail to do so) and 50% of graduates are working in jobs that don’t require a college degree. This is according to two seperate articles in Forbes magazine
New Small Businesses: According the Small Business Administration on 44% of new small businesses are still in business after 5 years.
These are just a few examples, we could of course list statistics for just about any industry. None of this was meant to de-motivate you, but only to show that failure exists in all industries and so does success. You can’t have one without the other.
Success to You,
“Helping You Achieve The Fit and Free Lifestyle”
PS: If you are not currently making what you worth and would like to find out how to create a part time supplementary income from home the click…Click Here To Work With Travis
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