Today, I’d like to share five reasons not to quit your MLM company.
Many people think the grass is greener somewhere else. They are exposed to other MLM Companies and business opportunities every single day and think that if they join another company, or pursue a different type of business altogether, success will be easier and quicker.
As a result, they quit their MLM Company and move on to the next shiny object. They become MLM Junkies. Unfortunately, most people who follow this approach end up failing again and again. Eventually, they leave the industry thinking it is a scam.
I’ve been guilty of doing this myself in the past, so I can relate. I’d join a different company, be excited for a few months, not get the results I expected, and then move on to the next shiny object. I repeated this process for nearly a decade in our industry.
I am not proud to admit this to you, but it’s the truth. Fortunately, I had an epiphany and got my head out of my butt. I eventually learned that the grass is greener where you water it!
Rather than thinking the business you join is the answer to all of your troubles, you must realize that YOU are the solution to your troubles. Until you learn the necessary skills and develop the right mindset, you will struggle with EVERY network marketing company that you join.
Put some focused time, effort and money into any enterprise and there is a good probability you will at some point succeed. Success in ANY type of business requires hard work, commitment, patience and perseverance.
Rome was not built in a day and there is NO legitimate business opportunity out there that is fast, free or easy. Trust me, I’ve looked. The sooner you realize that the better off you will be.
Top 5 Reasons Not to Quit Your MLM Company
In the paragraphs below, I will share the five reasons not to quit your MLM Company. These are simple reasons why sticking with your current company is the best option.
# 1: You Owe It to Your Team to Stick Around
If you’ve sponsored even one person into your business opportunity, you OWE it to them to stick around and support them. When you brought them into the business, you promised them that you would help them succeed and achieve their goals. Additionally, when you signed up new customers you promised to provide them good customer support and service. You can’t do either of these things if you quit the business.
I should also chime in and tell you about the countless stories of people who only sponsored one or two people and then quit the business. In some cases, the people they sponsored went on to build HUGE businesses. Had the person simply stuck around, they could have earned a very nice monthly residual from that one person alone. Food for thought.
# 2: Good Things Take Time
Good things take time. Rome wasn’t built in a day. I’ve said that at least 100 times on this website.
Most businesses (in any industry) take two to three years just to make a profit, and five to ten years to become a stable company. In other words, no business is fast or easy money. I know this isn’t what you want to hear, but it’s the truth!
You must pay your dues and develop the right mind-set and skill-set, before you will achieve success in network marketing. Every time you switch companies you have to start over. This kills your momentum and hurts your credibility.
We live in a society where most people expect instant gratification. If people don’t get big results in a few months, they move on to something else. This short-term thinking is the kiss of death in a new business.
You must have realistic expectations if you want to succeed in your business. Think about it this way for a moment. Take your current salary at your day job and determine how many years you’ve been in the work force.
For example, let’s assume you make $50,000 per year and you’ve been working full-time at different jobs for the past 23-years. If that’s the case, why would you expect your network marketing business to give you the same income in a year or two working part-time?
It’s just not realistic to think this way, but so many people do. Think of your business as a five to ten-year plan if you are building it part-time and a two to five-year plan if you are working your business more than 20-hours per week.
They say that within the first year of growing a large organization, at least 50 percent of the reps will drop-out. Within five years, around 90 percent will have potentially left the company or quit the MLM business altogether. By the ten year mark, less than five percent of the people are sticking around and earning it out. In case you didn’t catch it, it is a numbers game. ~ Nate Leung
Other posts you may enjoy:
- What to Do When a Distributor Quits Your MLM Team
- Top 40 Excuses People Make for Quitting Network Marketing and MLM
- The # 1 Reason People Quit Network Marketing
# 3: You Will Lose Credibility with People You Know
Do you remember when you first got involved with your current network marketing company? Do you remember everyone who laughed at you and told you that you would never make it?
If you quit, you will prove that all of these people were right. You will prove to them that you are a quitter and that you don’t have what it takes to succeed in the business. I don’t know about you, but that would be pretty good motivation for me to stick around and continue to build my business.
What you will quickly discover is that your friends and family are watching you, waiting to see if you stick with it. In fact, most of your friends and family expect you to quit. They hope you will quit.
If you stick with it and build it big, you will gain respect and credibility with the people you know. In a few years from now, many of your friends and family who initially told you NO will join your team as a customer or distributor (if you stick with it).
# 4: You Lose Momentum
Momentum is a powerful thing. It’s hard to create and easy to lose. I define momentum as having new people join your team each month. This includes personally sponsored people and those sponsored by other distributors in your team.
Momentum happens when you are sponsoring new people each month and your team members are doing the same thing. It starts out really slow and builds up over a period of time.
In the beginning of your business, it’s just you doing the work. You don’t have any leverage. As you start to grow your team, 5-10 people join your team each month. As time goes on, that number increases to 50, 100, even 200 or more people per month. Before you know it, your team grows without your effort.
Whenever you quit a network marketing company you have to start over at zero again, without any momentum. This is emotionally draining and forces you to work really hard to regain it.
# 5: No Company or Business is Easy to Build
Here’s something you might not have realized yet. No network marketing company is easy to build. No business is easy to build!
Just ask any entrepreneur. They’ll all tell you the same thing. Success is never easy or fast. Trust me, I’ve looked for shortcuts. Starting and growing a business of any type requires money, time and TONS of hard work. If you’re going to be a successful entrepreneur, you have to work like an old, worn out dog and stick with something minimum three to five years, and probably much longer than that.
In the beginning of any new business, you will put in more work than you are paid for and you’ll probably earn less than minimum wage. That is normal. As time goes on, and you build a successful business, you can work less, and still make a great income. That’s the beauty of passive income.
You may feel disappointed that you didn’t make $10,000 in your first 3 months of your business. Maybe you had this enormous expectation and feel so let down, all you can think of is quitting.
Did you have solid information on what you should be making in such a short amount of time or was it wishful thinking?
Perhaps you feel like since you are not making nearly what you thought you would, you need just quit and stop wasting your time.
What to do instead. Change your expectation to something more realistic. No one in network marketing makes $10,000 in their first couple of months.
Network marketing is a long-term strategy.
I like to think of it as a 3 to 7 year plan. It takes time to build your team, keep your team, and develop a sustainable business that pays you for a long time.
Be realistic about what you can earn going forward. Network marketing is an amazing business model that has produced more millionaires than other industries. If you want to be one of them, don’t quit MLM! ~ Wealth Mission Possible
Final Thoughts
Rather than quit your current MLM Company, I suggest you do something different.
Pick a different approach to building your network marketing business! If you’re struggling to succeed, or aren’t making the income you desire, why not stay with the same company, but choose a different strategy? Tweak how you do things and make small, continuous improvements. Do that over a period of time and you can see drastic improvements.
To me, that would make much more sense than quitting your MLM Company. Besides, if you quit your MLM Company and switch to another company, you will get the same results you are getting right now, unless you do something different. Remember, insanity is doing the same thing over and over and expecting something different to happen.
Once again, your company is not the solution to your problems. You are the solution. Take some time, figure out what isn’t working, determine why it isn’t working, and come up with a different game-plan. You’ll be glad you did.
What are your thoughts about my five reasons not to quit your MLM company? Leave a comment below to let me know what you think. I look forward to hearing from you.
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Network Marketing Professional (21+ years)
Top Recruiter & Top Rep
mrchuckholmes@gmail.com
Anything of value takes time to build. If you do your research in MLM you’ll find that all major MLM companies or all people who have obtained major success in MLM were in the industry for years before they reached such large levels of achievement. In doing your research you can also learn how these individuals reached success and use it as a template for achieving success of your own. Then not only will you have the tools you need but you’ll also have a realistic timeline so you know what to expect and won’t be disappointed when things don’t work out as quickly as you’d like.
Ain’t that the truth. I’ve never met a successful entrepreneur in any industry who built a successful business in just a couple years. It takes time, patience and a lot of hard work. There are no shortcuts to success.
Number 3 is a good motivator for me! I hate it when people say “I told you so”. 🙂 I also love how you said “You are the problem. And you are the solution. So work on you!” I am determined to go to my next team meeting, and start working!
Good for you, Jessica. Keep moving forward. There is no such thing as neutral in life.
Jessica,
I liked that too. We have far more power over situations than we think we do. We so often try to blame others or our circumstances rather than taking responsibility and doing the things we can do to make the situation better. If we work on making ourselves more knowledgeable and better people then we would probably find that a lot of our issues resolved themselves shortly after.
If you aren’t making money in your business, there’s no reason to stay! Even with the tax breaks and “opportunity” to earn residual income, PROFIT talks! It makes no sense to keep doing a business that constantly loses money.
I agree with you some what. Most businesses do lose money their first year or two. At least 9 out of 10 entrepreneurs I know, in a variety of industries, lost money their first year or two in business before they eventually succeed. Yes, profit does talk. But it takes time to build up a profit in any business.
If you’ve ever sponsored even one person onto your MLM team, you should never quit. I’ve read hundreds of stories of people who sponsored a couple people and then quit, only to have a couple people become top earners in the company. Had they stuck around they would have earned a very nice residual check.
Good points, Richy.
Remembering why you got into the business in the first place is important as well. You owe it to the team, but you also owe it to yourself to make the business really yours and to experience success. Allow the investment that you have made to pay off. Quitting before you’ve run the course in probably one of the biggest failures you could deal yourself, and that will stick with you for a long time.
Never forget why you got started. If you have a big enough WHY, nothing else matters.
I have learned alot and I will not quit mlm I have started, I will push and fight for success.