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SpinDistribute.com Article Directory

The following article was published in our article directory on September 8, 2012.
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Four Pitfalls to Avoid in Building a Residual Income Online

Article Category: Marketing

Author Name: Ernest Myles

When building a profitable network marketing business, people sometimes encounter a few pitfalls. Some of these problem areas are pretty apparent while some of them require a bit of scrutiny. The important thing for the networking entrepreneur is to understand these potential problem areas and steer clear of them. Avoid these pitfalls and you find yourself halfway towards the winner's circle.

MLM Pitfall Number 1 – Hype Marketing

This is actually one of the abundant images of so-called network marketing schemes today. The general public has seen these things almost anywhere. They can be found in magazines, want ads, and even online.

These are the get rich quick plans that everyone usually sees posted just about anywhere. There are marketers who promote these schemes but remember that they are bound to fail in the long haul. The reason is simple – they are not built on the solid foundation that a true network marketing enterprise is founded on. This is an important issue in regard to building a residual income on the internet.

MLM Pitfall Number 2 – Handle Rejection

Anyone who has ever tried selling something to friends, family, or even their own mother will know the feeling of rejection. It's sure to happen to anyone who is on the road to a prosperous life. It doesn't matter whether you're a college dropout or if you were a former dean of MIT. Enter the world of sales and someone somewhere is bound to reject you.

The bright side is that these people did not reject the presenter. They were just rejecting the ideas and the opportunities that were being presented to them. The important thing is to learn how to face rejection. Know how to keep going when someone slams their door in your face so to speak.

Keep in mind that each rejection is a learning experience. When marketers learn to move forward, they eventually learn how to deal with being rejected. They eventually learn how to end on a good note. This will set up an opportunity to come back when a potential contact is more level-headed or have a possible change of heart. They will also learn how to overcome objections and help contacts resolve their own concerns.

MLM Pitfall Number 3 – Avoid the Management Myth

Some people working in the network marketing industry believe that all you need to do to succeed is to assemble your small marketing team, manage them, and help them duplicate whatever it was that you have accomplished.

Take note that that is nothing more than just a myth. Keep in mind that the people in your marketing team are motivated by the actions of their leaders. It is their solid and unrelenting example that will motivate the team and not their management style.

MLM Pitfall Number 4 – Dip Toe Attitude

Many fail in network marketing simply because they only wanted to dip their toes in the business to see if it will work or not. Those who truly become successful in network marketing really believe that it will work. They eventually lead by example and set the bar for others. This is part and parcel of the leadership element in building a profitable network marketing business.

Keywords: Building a profitable Network Marketing Business

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