We all know challenges are always around us. Some people love to chase challenges while some just want to get rid of them.
Job or business, there is always some sort of challenge which stands in the path of our success. For Network Marketing as well, there are numerous challenges on our way.
A challenge for us can be a left-hand game of someone with skills and experience. Hence with time, we become habitual to challenges.
Here, we will discuss Network Marketing challenges and solutions in details.
In this post, I will share the Top 6 most common challenges with the Network Marketing Business.
The good thing is, I will also share solutions to these challenges. So read this post till the end and conquer your dreams.
1. Follow Up
There are some Network Marketeer’s who either do not know about follow up or are scared of doing so. As most people do not get convinced in the first meeting, it is essential to do follow up.
Follow up is a huge challenge for many networkers, as they have to approach people for the same thing multiple times which makes them uncomfortable.
Solution
There is no alternative to follow up. So you may have to do multiple follow up for each prospect.
Always try to convey instead of convincing people.
In every follow up, understand the actual reason behind their negative feedbacks. It will help you to prepare for the next follow up.
Understand the requirements of prospects and then take moves.
2. Selling Overpriced Products
We all know the products of most MLM companies are overpriced.
To share the commission with the network of distributors, MLM companies tend to increase the MRP of products. And it becomes a challenge for direct sellers to sell these overpriced products.
Solution
Always choose a MLM company which has competitive product pricing compared to your local market.
Moreover, give valid reasons behind “Products’ Pricing”. Tell your prospect about products quality, proven benefits, and commission of selling them ahead.
You should be able to justify every question against your product and this skill comes with experience.
3. Lazy Downline
Many of the Network Marketeers recruit hundreds of downlines in few months. But after some time, they realize that their downlines are just a number and they are not making a profit out of it.
Downlines do not purchase products regularly and neither do they recruit anyone. Eventually, the upline does not get any benefit of building a team.
Solution
There will be a fixed percentage of downline who will always remain inactive for a lifetime.
Hence try to recruit active downlines only. One active downline can give more profit than a thousand inactive downlines.
Moreover, as you face several challenges in the MLM business journey, your downline will also go through the same phase. So you will need to motivate and help them in different circumstances.
Be connected with your team and promise to achieve growth together.
4. Lack of Leads
Network Marketeer start their initial promotion campaign with full potential, but after a while, they do not have more people for promotion.
The question arises, “I have shown the opportunity to all friends and relatives, and now do not have leads to grow the business further?”.
Solution
There are two ways to find targeted people for MLM.
The first one is based on products. Check your product and find people in your surrounding who need your products. For example, if your Company has weight loss supplements, visit the nearest gyms and find people who want to reduce weight and give your guidance to them.
Second one is based on opportunity. There will be some students or people in need of extra money or part-time job. Share details about your MLM Company and the benefits of joining your Company with them.
5. Tracking Performance
It is vital to track day-to-day performance and make weekly or monthly records. Direct sellers need to maintain monthly product purchase.
Solution
Start making your personal diary and track your performance daily. To achieve long-term goal, make some short-term milestones.
6. Bad Reputation
When a newcomer starts prospecting for MLM business, they find that MLM has a bad reputation and people do not want to be a part of it.
They consider MLM the same as ponzi and pyramid scheme. While most people are not aware of the basic concept of MLM, and they have a nasty image of MLM in their mind.
Solution
First of all, try to understand, why your prospect has a bad image for MLM. Find what they know about it and bring clarity by telling them facts.
Tell them “Yes, pyramid schemes do fraud by pretending to be MLM, but they are different from genuine products-based MLMs, which I am promoting.”
Actual facts and figures will help you to solve this challenge.
Conclusion:
We hope this post helps you to solve the challenges that you are facing in your Network Marketing. Challenges make our journey interesting and how we tackle them, makes all the difference.
HAPPY NETWORKING!!!
Mr Irfan Kawchali, Your Business Coach is an encouraging and inspiring motivator for us with his expertise in expanding the Business. For over almost a month since he has been associated with Conybio, we are able to see the bigger picture of Success with his various programmes …There is an increased fervor of enthusiasm and excitement as the vision & mission of the Business has been accelerating with great speed with his humungous efforts for chiseling the skills of the Leaders and leading them up the correct path. He has been constantly assisting & working with them for setting up goals, having more focus, making better business decisions and thereby keeping everyone on track. We encourage each one of you to actively participate in all his learning sessions and maximize your business.
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