Introduction to Network Marketing Success
Have you ever wondered what separates successful network marketers from those who struggle to make it? According to Webster's Dictionary, to survive means to remain alive or in existence, especially to live on after the death of others. In the world of network marketing, survival isn’t just about staying in the game; it’s often the key to achieving dramatic wealth.
The Reality of Attrition in Network Marketing
Attrition is a significant factor in this business. However, those who stick around, who persevere through the challenges, often find themselves on a path to success. The interesting truth is that nearly everyone who diligently works in network marketing eventually achieves some level of success. The few who do not often become their own worst enemies, overcomplicating a straightforward journey to prosperity.
Different Motivations for Joining
People join network marketing for various reasons. Some aim for wealth, while others seek personal growth, confidence, and community. For many, the financial rewards are secondary to the personal fulfillment they gain from the experience. You’ll hear inspiring stories throughout this book from individuals who found joy and purpose in the business, regardless of their income level.
The Importance of Perseverance
In network marketing, perseverance is paramount. Quitting is the surest way to fail. The data shows that those who survive their first year are likely to establish a solid foundation for success. In fact, an estimated 95% of those who stay in the business for ten years achieve significant wealth beyond their wildest expectations. These survivors enjoy not only financial rewards but also the freedom to spend their time as they wish, engaging in activities that matter most to them.
The Promise of Network Marketing
Network marketing represents a beacon of hope in today’s uncertain economic climate. It offers a unique opportunity for individuals to invest modestly and, through determination and hard work, reach extraordinary heights of financial success. Unlike traditional businesses, network marketing eliminates many overhead costs, allowing for more straightforward paths to profit. For more insights on building a successful business, check out Transform Your Financial Future: The Power of Purpose in Business.
A Brief History of Network Marketing
The roots of network marketing can be traced back to the 1940s with the launch of Nutrilite Products. This innovative sales model has since matured into a legitimate distribution channel, with annual sales nearing $20 billion in the U.S. alone. Over 30 million independent network marketers are actively involved, selling a wide spectrum of products and services across the globe.
The Evolving Landscape
As the industry evolves, it is projected that by 2110, network marketing could account for up to 50% of goods and services sold in developing nations. The transition from product-driven sales to service-oriented offerings has opened numerous avenues for entrepreneurs to explore. For those interested in entrepreneurship, the journey is well captured in Building Bootstrapped Startups: A Journey Through Entrepreneurship.
Overcoming Challenges
While network marketing offers incredible opportunities, it also presents unique challenges. Success depends on understanding these hurdles and developing strategies to overcome them. This book aims to equip you with the knowledge and insights to navigate these challenges effectively, ensuring you don’t fall into the pitfalls that many encounter early on. Insights into finding happiness and success can also be found in How to Find Happiness and Success: Insights from Influential Thinkers.
Finding Your Why
One of the most crucial elements of success in network marketing is identifying your 'why'—the driving force behind your efforts. Doug Wead, one of the legends in this industry, shares his journey of overcoming self-doubt and finding purpose through network marketing. His story illustrates that the true battle lies within, and overcoming this internal struggle is key to thriving in the business.
Conclusion
As you embark on your network marketing journey, remember that survival is synonymous with thriving. This book serves as a guide to help new marketers avoid the common pitfalls and stay motivated during challenging times. With shared stories of perseverance and triumph, we hope to inspire you on your path to success.
In the words of Mark Yarnell and Renee Reed Yarnell, "Whatever else you do in the first year, just don't quit." Embrace the journey, learn from the challenges, and watch as you transform your dreams into reality. For more strategies on achieving success and productivity in your business, explore Transform Your Life: Lessons from Robin Waite on Business Success and Productivity.
existence particularly to live on after the death of others the fascinating thing about network
marketing is that in many instances survival I.E staying in existence after others leave the business is precisely
what leads to dramatic wealth attrition is a considerable factor in our business yet we have rarely met
and those rare individuals who do not succeed are usually their own worst enemies constantly Reinventing the wheel
and complicating the simplest path to prosperity in the history of capitalism of course priorities vary as widely as
do people while some choose network marketing as a means to an end wealth others simply enjoy it for its own
circle of friends and feel more productive and in spite of the fact that they'll never earn huge incomes you
couldn't pry them away from this business with a crowbar that kind of money was never really
their goal and you'll read many of their stories in this book in fact were we to double the number of
stories of success we still couldn't possibly elaborate on all the remarkable benefits to be derived by those who have
new distributor with a good basis for Success our analysis shows that an estimated 95 percent of those who
survive 10 years in network marketing become wealthy beyond their wildest expectations these survivors have
achieved either staggering Financial rewards and or total time Freedom that is having all the free time to do the
things that really matter to you with the people you love most at this particular time in history when
traditional business offers so little security network distribution is literally the last Bastion of free
enterprise it's a system in which common people can invest a small sum and through sheer tenacity and determination
rise to staggering levels of financial reward and personal freedom it's a field devoid of the pitfalls of
traditional business payroll employee benefit costs advertising overhead bookkeeping and accounts receivable
network marketing has an entirely different set of entrapments of its own but once understood these problems are
beginning of what these hazards are and how to overcome them hence this book the network marketing industry traces
its roots to the 1940s when neutralite Products Incorporated launched the sale of food supplement products and 10 years
later Amway introduced the sale of household products over the past 50 years the industry has
matured into a legitimate and efficient channel of distribution ideally suited for the next wave about to break in the
world of business all we can say is thanks to Rich DeVos and Jay Van Andel for having the vision
to Pioneer this industry network marketing annual sales are nearing 20 billion dollars in the United
States alone being moved by an estimated 8 million people worldwide more than 100 billion dollars of a broad spectrum of
products and services are being sold by an estimated 30 million independent Network marketers
and keep in mind that we are still a very young industry with an expansive promising future
several studies have predicted that a third of all goods and services will be moved via network marketing in Western
Nations shortly after the turn of the century and this could be as high as 50 percent in developing nations by the
year 2110. historically the industry has been product driven selling from the traditional categories of personal care
vitamin slash nutritional supplementation Home and Family Care Leisure and educational products
starting in the 1980s Services became a growing component particularly in the deregulated telecommunications industry
other services have included credit cards Financial Services Insurance Prepaid Legal Services travel
public utilities Industries between 1998 and 2002 network marketing companies are positioning themselves to enter this
Market as well the evolving maturity of our industry is clearly demonstrated by the 20 network
marketing companies now traded publicly on NASDAQ and the New York Stock Exchange and many others are preparing
standardized accounting procedures and be open to Securities and Exchange Commission SEC scrutiny and control
therefore those companies that do go public must establish and maintain high standards of business practices which
elevates the character of the entire network marketing community investors response to the publicly
traded network marketing companies has been outstanding upline magazine and Industry trade publication maintains an
upline index that tracks the financial performance of these public network marketing companies
in 1996 this index showed an increase in stock market value for the industry of more than 63 percent as compared to the
Dow Jones industrial average increase of only 33 and the standard in Poor's 500 Index increase of 34 percent
this nearly twofold gain of the network marketing industry over traditional corporations has created considerable
excitement among Savvy investors the average person needs as little as 200 or 300 to get started in network
marketing included in this figure is the purchase of some widely accepted products or services to be personally
used and shared with others our industry is based on simple word of mouth recommendation of products and
services distribution moves directly from the producer to the consumer which cuts out all the intermediate agents and
dealers who have nothing to do with production or consumption as goods are distributed the Network
marketer then receives compensation equal to the advertising budget of most large corporations
we've all known for years that word of mouth is the best form of advertising therefore should it not also be the most
network marketing and the one that is still the most requested is entitled if nlm is so great why am I so depressed
we think the reason people enjoy that tape is because we dared to tell the truth about the pitfalls in this
during those first years unfortunately many people heard that audio tape far too late in their network marketing
careers and while they enjoyed a good chuckle because they could identify with our admitted first-year problems most
had already lost their upstart enthusiasm so necessary for success and once people lose the drive and
enthusiasm to carry them through the tough months once that excitement is gone in many cases so too is the chance
to achieve dramatic wealth there is an often quoted adage in this business it's much easier to give birth
to a new distributor than it is to resurrect a dead one and yet as the stories poured into our
Swiss Chalet from across the Atlantic we realized that this book May indeed resurrect thousands of discouraged
Network marketers once they read some of the truthful anecdotes shared by so many Legends of this industry
as a Prelude to these stories that we hope will impact your life it seems appropriate to introduce you to one of
the Legends Doug weed who is with the oldest and largest MLM company before we tell his story we would like
to tell you a little about the man the night the Gulf War Began you may have seen Doug weed interviewed on
he has been quoted in time Newsweek U.S news and World Report The Washington Post The Wall Street Journal and
hundreds of other major Publications and his 26 books have sold over 3 million copies in 15 languages except for his
six-year political sabbatical Doug weed has dedicated his last 20 years to building his organization as well as
stadiums in Poland Hungary France turkey the United Kingdom Australia Indonesia and the United States with eager Network
marketers in just the last year so what does a legend like dougweed do with his money credibility time freedom and Power
in 1979 working side by side with Pat Boone and Archbishop Bernard Cardinal law of Boston Doug found that what is
today one of the world's Premier relief organizations Mercy Corps International last year it distributed 73 million
let's now visit Doug's first year in network marketing through his own eyes as he writes powerfully and humorously
about his life experiences most of us involved in network marketing are gluttons for punishment subconscious
cetomasochist basically we hate ourselves that's why we get into networking in the first place we see it
as almost guaranteed suffering I need this this will really make me feel bad which I so richly deserve
wouldn't you know that I would end up successful making money traveling the world meeting presidents feeding the
in that sense my early anticipated struggles in network marketing were a disappointment I had no problem with
rejection I enjoyed every one of them I was much quicker to respect and identify with the people who turned me down than
money was only what I deserved for making such an arrogant assumption that I could survive in network marketing
between my own ears it still is incidentally for me the early struggle was only philosophical of course I can
do it anybody can do it the question the very real nagging haunting question was should I do it is it right is this what
I'm supposed to be doing with my life nothing is more worrisome and draining than self-doubt nothing is more
effective at stripping off the fine Edge from everything you say or do nothing can empty your emotional gas tank
marketing which we see as such a sensitive machine easily influenced my attitudes was not a bit impressed with
my emotional and psychological drama it only seemed to crunch numbers like a Mindless calculator the secret for me I
was to learn was simply to survive and then plot on above all I couldn't quit over time as I slowly fed this monster
it grew and grew exponentially believe you have to believe they kept telling me I didn't even have to do that
two times two equals four you don't have to believe it it is four anyway and my business grew in spite of myself
and so I conquered and with the money I co-founded Mercy Corps International last year we gave away 73 million
dollars in food and Medicine around the world I found my why we hope this book will help you find
your why too it is our hope that this book will be given to new network marketers immediately after they sign up
in order to warn them of the pitfalls before they lose their initial excitement because once it's gone the
chances of ever getting that driving enthusiasm back are virtually nil the first year in this business is not
just challenging it is more akin to going into combat it's about survival in the midst of widespread failure you may
not even sense the impending danger and then all of a sudden you've been ambushed and have lost an entire leg of
your downline one of our primary objectives in writing this book is to take the stealth out of
your battles so that you can see your adversaries well in advance instead of having them creep up and catch you
with the necessary skills and tools to win each confrontation and thus survive your first year in MLM
experience and from statistics compiled by several companies that suggest well over 60 percent of all new network
given the possibility of earning more each month working from home than a Pediatric Cardiologist with a staff of
10 earns in a year at his clinic and it is possible wouldn't any sane person be willing to invest a year or two studying
while our industry's attrition rate is perhaps no higher than other professions involving overrides and straight
commissions it is nevertheless critical that we do our best to help new Associates anticipate the inevitable
conflicts that will arise and equip them with the weapons they'll need to win those battles
unfortunately it's a fact of life that when any of us first begin a new Endeavor we are at least initially
vulnerable novices although the educational process in network marketing is relatively brief it
can be devastating to many new Associates the main reason is quite simple to understand we all hate
it doesn't take very long for people to become discouraged when every day for the first four or five months they are
subjected to eye rolling ridicule from everyone they know love and respect however if you know exactly what to
expect and you aren't forced to appear foolish by cajoling deceiving or pestering those close to you network
marketing even in the early stages is quite fun and relatively painless preparation and anticipation are both
challenges we will teach you how to survive those conflicts by providing you with tactics that work no theories just
facts most importantly by preparing you in advance and sharing practical ways to survive each of these first-year
challenges we want to assist you in persevering and if you do manage to survive the first year without quitting
and without losing your sense of humor the odds are great that you will continue long enough to become quite
wealthy and successful we've had a tremendous resource pool from which to draw our lessons and
college-level certification course in network marketing with Harvard PhD Charles King at the University of
Illinois at Chicago many of the top networkers from every company both in America and abroad as
well as many network marketing CEOs have attended our classes and we've spent quality personal time with many of them
as course instructors we learned a great deal from our students the experiences we share in this book have all happened
if not specifically to us than to other leaders who have shared them with us you'll recognize many of their names
so we feel confident that we've left very few Stones unturned in our efforts to teach you the best survival
strategies available to first-year distributors some of our industry's most successful International leaders
from Mark's father telling him that he is ruining the family name by doing MLM to a hungry reporter asking the Attorney
General of Nevada to investigate our company in hopes of uncovering a scandal or conflict of interest while Renee was
serving as chairman of the County Commission the two of us have survived some fairly devastating ambushes we know
what it's like to lose six of our seven best leaders to a new upstart scam that is a company that misrepresents its
earnings and or product efficacy and we've endured the humiliation of a close friend stealing an entire downline lag
both of us fell into the management trap at different points in our respective First Years and wound up babysitting
people who never would have succeeded no matter what we had done because they weren't willing to do what we did
both of us suffered the misplaced personal guilt of signing up a close friend who just couldn't make it in this
how to avoid them all together on your path toward achieving all the money you aspire to earn and the time to enjoy it
in our first book power multi-level marketing we presented the theory behind MLM achievement we tried to provide a
paint by numbers system for both part-time and full-time success but in this book we are vitally concerned with
practical applications that is with giving specific examples of what can and does happen to cause potentially
successful Distributors to prematurely end their careers many psychiatrists subscribe to the
theory that ninety percent of the solution to any problem consists in the awareness of that problem's existence we
agree our fervent hopes and prayers are that by bringing to your attention all the problems that successful Network
marketers face in their first years we will enable you to survive yours we are sharing with you the Practical proven
survival tactics used by many of the legends of this industry so that you also can prosper abundantly
we're honored to have Dr Charles King add a dimension to our book never before available a quantitative analysis of
exhaustively researched and compiled by him we've learned a great deal about the inner workings and Technical marketing
strategies of our profession from Dr King many of his overviews are sprinkled throughout this book his Keen insights
have been invaluable to us over the years and his Dynamic wife Sandra has directed all of our College
certification courses nearly 1 000 students have graduated from our course to become network
marketing professionals so many thanks to Charles and Sandra King network marketing is indeed the greatest
opportunity in the history of capitalism and we consider ourselves very privileged to be able to participate in
after its marvelous success publishing Richard Poe's legendary Wave 3 books we jumped at the opportunity with
tremendous enthusiasm as industry Advocates we believe that when any network marketing company fails
we all suffer the future survival of our industry depends now on cooperation not antagonism
industry-wide success depends on elevating MLM companies and products rather than destroying the reputations
hopes and dreams of our MLM competitors only then will network marketing become the most lucrative profession in all a
their competitors is their best strategy for success little do they know that's exactly why
they haven't begun to reach their potential unlike pioneers of the old west who circled their wagons to fight
off attacks whenever one or more companies in our Industries threatened we Circle our wagons and fire inward
the old tactic of divide and conquer has been quite effective in the traditional business world the traditional corporate
pyramids have skillfully utilized the media and government Regulators to similarly attack and stifle our growing
industry and all along they have hoped and prayed that we'd just go away but we think it's time for them to stop
fighting us we respect all companies not just those in our own industry and we think they should do the same
spanning our Collective 20 years in the field of professional network marketing we've been blessed to speak to hundreds
of thousands of marvelous people in every part of the world and while we've heard our industry denigrated in a
variety of ways not once have we heard it referred to as the rat race this graphic description has been used
Rat Race literally means a Sprint between the world's most deplorable rodents those who actually wiped out
half the population of England during the Black Plague and what is it they are so steadfastly
book whose time has come because The Human Condition should be a joyous flight among Eagles not a frenzy Dash
recently shared a graphic comparison between the rat race of traditional business and the freedom of network
marketing in her own words when traditional business grows an entire population can be reduced to rats I
moved to Seattle several years ago because of the quality of life today as two corporations expand the entire city
has been forced into a Mindless Trek for several hours each day the average speed on major highways has
been reduced to 21 miles per hour crime and other societal problems are rising dramatically no one can yet
predict the negative ecological impact of the several thousand person influx each month but environmentalists are
clearly worried the point is this when MLM corporations experience explosive growth thousands of
people go home and soar like eagles when traditional corporations explode people from all over the world assume the
posture of rats and take to the streets thank God network marketing has given me the freedom to run errands during the
times when others are confined to their little cubicles but it will just be a matter of time before I have to look
elsewhere for tranquility we feel we have an awesome responsibility to educate as many people
as possible to the fact that they need no longer participate in the god-awful stress of traditional linear business
we wholeheartedly agree with Art Williams the author of all you can do when He suggests that we should all
become Crusaders in an effort to save the masses at least those who will listen from their headlong Pursuit into
80-hour weeks mediocre incomes and stress-induced coronaries because the American dream has become a
nightmare for so many and because Network distribution is such a viable alternative to more traditional business
professions it is incumbent upon those of us who have reaped so much from this industry to begin to sow seeds for
thanks to the hundreds of unselfish leaders from diverse and numerous companies Who Rose to the occasion by
contributing their stories you will learn how to dramatically alter your life knowing full well that they would
be educating their competitors they all dared to tell the unadulterated truth about how to succeed in our industry
if only this book had been written a decade ago we might not have had to witness the unnecessarily Hasty Retreat
of so many Dynamic people from our industry who were simply unprepared for the first Year's battles because of this
book you won't have to endure the same unnecessary losses we did and there is one promise we will make to you without
reservation there will be times when your eyes will well up with tears or you'll laugh so hard at some of these
Legends anecdotes about their early challenges that like us you will have to put the book down until you can wipe the
mist from your eyes these stories are commensurate with ushering in a new industry we believe
the next decade will bring a noticeable decline in these types of challenges as new technology and distribution channels
anecdotes all of which were heartwarming and inspiring we regret that due to editorial restrictions we were unable to
include each and every narrative we want to offer a special thanks to those Legends of network marketing who by
sharing their stories did something unprecedented in business they dared to admit after becoming Legends their
innermost vulnerabilities and bouts with anxiety and depression so that millions of others including their own
enjoy and whatever else you do in the first year just don't quit because surviving is synonymous with thriving in
Heads up!
This summary and transcript were automatically generated using AI with the Free YouTube Transcript Summary Tool by LunaNotes.
Generate a summary for freeRelated Summaries
![Transform Your Life: Lessons from Robin Waite on Business Success and Productivity](https://img.youtube.com/vi/F60rVOE5mJw/default.jpg)
Transform Your Life: Lessons from Robin Waite on Business Success and Productivity
Unlock your potential in business and productivity with insights from Robin Waite's coaching experiences.
![Transform Your Financial Future: The Power of Purpose in Business](https://img.youtube.com/vi/HZqOGka9EPM/default.jpg)
Transform Your Financial Future: The Power of Purpose in Business
Unlock your potential and learn how to solve problems for profit in the business world.
![Essential Startup Advice from Dalton Caldwell: Keep Going and Pivot Wisely](https://img.youtube.com/vi/m7LvNTbaqSI/default.jpg)
Essential Startup Advice from Dalton Caldwell: Keep Going and Pivot Wisely
Dalton Caldwell shares insights on startups, the importance of persistence, and tips for successful pivots.
![Building Bootstrapped Startups: A Journey Through Entrepreneurship](https://img.youtube.com/vi/6reLWfFNer0/default.jpg)
Building Bootstrapped Startups: A Journey Through Entrepreneurship
Explore strategies for successfully building bootstrapped startups. Gain insights from one entrepreneur's journey and key methodologies.
![Choosing Between a Life of Ease or a Life of Service: Insights from Successful Leaders](https://img.youtube.com/vi/30pxmKvkzFM/default.jpg)
Choosing Between a Life of Ease or a Life of Service: Insights from Successful Leaders
Explore the profound choices between comfort and adventure, driven by customer obsession and personal growth.
Most Viewed Summaries
![Pamamaraan ng Pagtamo ng Kasarinlan sa Timog Silangang Asya: Isang Pagsusuri](https://img.youtube.com/vi/rPneP-KQVAI/default.jpg)
Pamamaraan ng Pagtamo ng Kasarinlan sa Timog Silangang Asya: Isang Pagsusuri
Alamin ang mga pamamaraan ng mga bansa sa Timog Silangang Asya tungo sa kasarinlan at kung paano umusbong ang nasyonalismo sa rehiyon.
![Kolonyalismo at Imperyalismo: Ang Kasaysayan ng Pagsakop sa Pilipinas](https://img.youtube.com/vi/nEsJ-IRwA1Y/default.jpg)
Kolonyalismo at Imperyalismo: Ang Kasaysayan ng Pagsakop sa Pilipinas
Tuklasin ang kasaysayan ng kolonyalismo at imperyalismo sa Pilipinas sa pamamagitan ni Ferdinand Magellan.
![A Comprehensive Guide to Using Stable Diffusion Forge UI](https://img.youtube.com/vi/q5MgWzZdq9s/default.jpg)
A Comprehensive Guide to Using Stable Diffusion Forge UI
Explore the Stable Diffusion Forge UI, customizable settings, models, and more to enhance your image generation experience.
![Pamaraan at Patakarang Kolonyal ng mga Espanyol sa Pilipinas](https://img.youtube.com/vi/QGxTAPfwYNg/default.jpg)
Pamaraan at Patakarang Kolonyal ng mga Espanyol sa Pilipinas
Tuklasin ang mga pamamaraan at patakarang kolonyal ng mga Espanyol sa Pilipinas at ang mga epekto nito sa mga Pilipino.
![Imperyalismong Kanluranin: Unang at Ikalawang Yugto ng Pananakop](https://img.youtube.com/vi/fJP_XisGkyw/default.jpg)
Imperyalismong Kanluranin: Unang at Ikalawang Yugto ng Pananakop
Tuklasin ang kasaysayan ng imperyalismong Kanluranin at mga yugto nito mula sa unang explorasyon hanggang sa mataas na imperyalismo.