Network marketing is a growing industry, offering low startup costs and potential for supplemental income, particularly during economic downturns. However, it has a high failure rate due to common pitfalls, termed the '7 deadly sins,' which include misbranding, seeking approval, and quitting prematurely. Successful participants must focus on self-branding, develop essential skills, and maintain commitment to their chosen business for long-term success.

1. The 7 Deadly
Sins of Network
Marketing

2. Network Marketing and Direct Selling
is an exciting business endeavor for
anyone wanting supplemental income
and or to use top-notch health &
wellness products, along with other
products such as financial services.

3. With how the global economy
is heading, network
marketing is growing at a
solid 5% pace a year, and
performs even better during
recession.

4. Last year, Direct Selling hit
$135 Billion globally. This
number is growing every year
and outperforms some of
America’s largest industries,
like the NFL.

5. Another benefit of network
marketing is the low start-up
cost compared to a traditional
business. You can start a
home-based business for as
little as $75 a month.

6. The low-risk entails that if
you don’t want to continue
your home-based business,
you can simply cancel your
monthly autoship order.

7. There are no repercussions
like there would be if you
closed down a traditional
brick and mortar business.

8. Before joining a network
marketing company there’s
some caveats that would
benefit you in learning.

9. The failure rate is high in
network marketing because
to be honest people quit
things that take a little work.

10. Network marketing is a real
business and profession, and
if not prepared for the
setbacks that any
entrepreneur faces, then that
person will quit.

11. Here are the 7 Deadly
Sins of Network
Marketing, from the
least to worst sins:

12. 7. Google the name
of the Company

13. Newbies get excited about a network
marketing company they want to join
so naturally they Google the name.
What comes up in Google is usually the
company name followed with the
words SCAM or SCHEME and “Stay
Away!”

14. Little does the newbie know that there’
s tons of clever internet marketers
online that do this on purpose because
they know they can get people to read
their own business opportunities that
way.

15. They know people type
the word SCAM in
Google because it’s one
of the highest searched
words.

16. So, trust your gut and read a
little bit more until you get a
full picture, or trust the
person that exposed you to
the opportunity to begin
with.

17. 6. Doesn’t learn the
skills to prospect
effectively

18. The new network marketing
wants to tell the world the
new business they have just
begun but this is as dangerous
as handing the keys to a
Ferrari to a 14 year old.

19. They can’t drive yet and they
don’t know the power. Same
with network marketing, it’s
a powerful profession that
earns leaders in the industry
six figures a month.

20. So, it’s imperative to get proper
education on the industry from the
person who showed you the
opportunity and read what you can on
it and watch videos from network
marketing trainers, like Todd Falcone.

21. 5. Brands the
product, not
themselves

22. The new network marketer is so
behind the product and loves
everything about network marketing
and wants everyone in the world to
know they are in that company, so
they slap up the company’s logo
everywhere on their websites, blogs
and social media.

23. This not only looks amateurish to
professionals, but it gives away your
company name which means people
can google it and usually forget who
showed them the company to begin
with, which was YOU, so you are out of
luck of them signing up with you.

24. Someone who probably has a
better article on the business
and is ranked on the first
page of Google probably got
their business. So, brand
yourself.

25. List things you do outside of
the network marketing
company. Are you an
Author? What hobbies do
you love?

26. If you brand yourself, people
will join because of YOU, not
the company, which is a lot
safer, especially if you switch
companies or the company
goes bankrupt.

27. 4. Seeks acceptance

28. The excited network marketer rushes
to tell their friends and family about
the company and BAM, they laugh and
ridicule you and the business. Uncle
Tommy knows for sure it’s a Pyramid,
so he must be right!

29. For one, don’t listen to broke
people. Number two, all
successful leaders endured
ridicule and opposition.

30. Look at Oprah, she was told she would
never make it and she has haters also.
In fact, if you don’t have a hater or
two, you aren’t growing fast enough
and not taking any risks.

31. So, you can’t please
everyone, especially in
business. Stay focused,
endure the setbacks, ignore
the haters and persevere!

32. 3. Doing more than
one network
marketing company
at a time

33. It’s okay to expand and
develop your own personal
self-development courses and
lead generation tools, but
that helps the network
marketer.

34. If you do two or more network
marketing companies you are not only
cheating on one of the companies but
you’re diluting your focus and power
in building a solid business.

35. If you look at the top 150 leaders in
network marketing they are all
devoted to one. Even celebrities mix
up their endorsements with different
types of products, not the same type of
products.

36. So, stick with one you love
and give it all you got
consistently.

37. 2. Pouring poison
downline

38. This is a term for inside the business.
The rule of thumb is you state your
concerns to your upline (that’s your
sponsor, the person who you signed up
under) and only good news to your
downline. (These are people you signed
up and are under you on your team.)

39. You want to be the leader
that your team members
expect you to be and that is
through integrity, positivity,
and problem-solver.

40. You don’t want to spend too much time
solving problems or micro-managing
your team, but you want to be a positive
role-model that remains upbeat and
charismatic.

41. And the final sin is:

42. 1. Quitting

43. Too many people in network
marketing quit for a number of
reasons, but it boils down to
impatience, small profit in the
beginning and negative reactions from
people because of poor prospecting
skills and lack of confidence from the
new network marketer.

44. Another big issue is the new network
marketer was misled in the beginning
by unrealistic financial figures from an
overly aggressive marketer who
probably hasn’t made a dime yet and
feels the need to boast and brag to
make up for his losses.

45. Another issue is the shiny
object syndrome.

46. This is when a bright new opportunity
comes along and it sounds too good to
be true, but the newbie ignores the “too
good to be true” warning and jumps
ship, only to find a dead-end yet again
in the new new company.

47. These people are called
“jumpers” in the profession
and they never have long-
term success; stay focused
and stick with your company.

48. Network marketing takes a
long-term commitment of at
least two years and
sometimes can take 8-10 years
to fully take off and retire
you, but let me ask you this:

49. Isn’t that still way better than
20-40 more years at a job you
can’t stand with a boss that
you hate? It’s your choice. I
love you guys! Thanks for
reading…

50. For more information, go here:
www.erikchristianjohnson.com