Thinking about quitting your network marketing business?
We’ve all been there before.
I know I have anyway.
Some people will argue that quitters never win and winners never quit.
My immediate response to that is BULL SHIT.
Knowing when to quit is important!
There’s no sense beating a dead horse (sorry horses).
Sometimes quitting is your best option.
Wasting months or years in a business that will NEVER work for YOU is a bad decision, no matter how you justify it.
Not all business endeavors turn out successful.
Most businesses fail, in just about every industry.
In addition, a business model that is a good fit for one person might just be a HORRIBLE fit for someone else.
We are all unique and different and need to find a business opportunity that will work for us.
For many people this means leaving the entrepreneurial world and just staying an employee. After all, not everyone is cut out to be a business owner. Most people aren’t.
Furthermore, most successful entrepreneurs I’ve ever talked to have struggled or failed in several business endeavors before becoming successful.
Failure is an important part of success.
You don’t succeed your way to success.
Instead, you fail your way to success.
Building a successful network marketing business, on a grand scale, is a VERY difficult task.
No one might have ever told you that before, but it is the truth.
Reaching the top one to three percent in ANY endeavor means you have to do better than the other 97 to 99 percent of your competition.
That’s no small task.
It’s called the “top” for a reason.
So, if you’re one of those folks thinking about quitting their network marketing business for good, here are five things you should do (or at least think about) before you make that decision.
# 1 Did You Really Give it Your Best? Really?
So, did you really give it your best? Did you really give it your 100% all?
I doubt it.
I’ve never even given my business my 100% all.
Most people dabble with their business.
You can’t dabble with something and be successful on a grand scale.
I know you already know that.
You want to work as hard in your network marketing business as you did courting your spouse.
Think about all the little things you did consistently to win their love and affection.
It probably took you minimum one to two years to really win their love and loyalty.
Have that same mindset with your network marketing business: consistency, hard work, and determination.
Suggestion: For the next 180 days give it your best and then decide if this business model is for you or not. Be all in. Stop making excuses and do what you know you should be doing. Make a work schedule. Plan out your time. Focus on the money producing activities consistently. Once you’ve done it for 180 days straight, then decide whether this is for you or not.
As the old saying goes “I’d rather attempt something great and fail than attempt to do nothing and succeed!”
# 2 Is Your Company a Good Fit for You?
How passionate are you about your product line and company?
Do you wake up every day obsessed with it?
And if you don’t feel that way about your company, you are with the wrong company!
Many top earners I know have spent time in several companies before they found their forever home in network marketing.
It took me over 10 years and 10 companies to find my forever home.
I’m not telling you that building in one company is easier than building in another company.
However, if you aren’t 100% excited about your company and products it will be very difficult to build on a grand scale.
Suggestion: Evaluate how passionate you are about your current company and products. Would you buy the products at the full price, even if you weren’t a distributor? If yes, you are in the right company. If no, look for a different company to work with. Remember, if the products don’t make sense neither will the business.
# 3 Is There a Different Strategy You Could Try?
Contrary to what many people will tell you, there are MANY different ways to build a successful network marketing business.
You do not have to use your upline’s system to be successful.
You don’t have to do hotel meetings.
You don’t have to do one-on-ones.
You don’t have to do home parties.
You don’t even have to work with friends and families.
Those strategies do work, but they won’t work for everyone.
If you are uncomfortable using the strategy your sponsor or upline teaches you, why not try a different business building strategy that makes sense to you and leverages your own talents and abilities?
That’s what I would do.
Suggestion: Research five to ten different ways that successful people build their network marketing businesses and pick the strategy that makes the most sense to you. Use that strategy for 180 days. Do it daily and learn everything you can about it, before you decide to give up and quit.
# 4 Did You Give It Enough Time?
Three to twelve months is NOT enough time to build a successful business of any kind!
Most businesses in the real world take at least two years just to break even and make their first dollar of profit.
Most businesses take five or more years to recoup their initial investment.
Most businesses take 10 or more years to turn into a really successful and established business.
Considering you are doing your network marketing business part-time, I would argue that you at least need to give it two years of consistent daily activity, before you decide whether it will work or not.
If you’re like most people you’ve never done that.
Most people in our industry quit in 90 days or less.
In other words, they never even got started!
The truth is, Rome wasn’t built in a day.
You can’t be short-sighted in any business and build it big.
You also can’t fail in something you haven’t really started.
If you haven’t consistently worked your business for two years and shown at least 100 presentations, you haven’t really started or even given yourself a fair chance to succeed.
Suggestion: Starting today, make a commitment to show 100 presentations before you decide this business is for you or not. Make it a goal to show 100 presentations in the next 12 to 18 months.
# 5 Do You Have a Good Mentor?
Do you have a mentor?
If so, are they a good fit for you?
Are they helpful and encouraging?
I’m not saying you have to switch companies to find a new mentor.
Most of my mentors I’ve never even met in real life.
I’ve simply read their books and studied their training.
You can also look up higher in your upline for a mentor who can help you succeed.
Keep contacting people until you can find someone who knows what they are doing and is willing to help you.
If you don’t love your company and don’t have a mentor, find a new company.
Suggestion: Call several successful leaders in your upline to see if any of them will mentor you. Keep calling until you have called every leader in your upline, or until you find someone. If you don’t find a mentor in your upline, search on YouTube and your local library. If you still can’t find a mentor, look for a new mentor in a new company.
Other Posts You Might Want to Read:
- What to Do When Your Sponsor Quits
- What to Do When Your Team Quits
- The # 1 Reason People Quit MLM
- Why You Shouldn’t Quit Your Business
- Dealing with Attrition
There you have it folks.
These are five things you should consider before you quit your network marketing business.
Once again, there is nothing wrong with quitting.
I just think it makes sense to give it your best before you make the decision to quit.
You never really know what you are capable of accomplishing until you try.
What are your thoughts on this subject?
Leave a comment below to let me know what you think.
I look forward to hearing from you.
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Chuck HolmesWebmaster, OnlineMLMCommunity.com
Phone: (352) 503-4816
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