How Starting Your Own MLM or Home Based Business Could Be The Worst Mistake Of Your Life

Posted on | January 5, 2010 | No Comments

A gentleman contacted me, not long ago, depressed, frustrated, and humiliated because he had tried to start his own MLM or network marketing business and it was not going very well. I asked him what his strategy had been up to this point and he told me he was doing everything his sponsor had told him to do. He had made a “warm list” (a list of every friend, family member, neighbor, associate, and everyone he had a phone number for, or just knew their first name) and he had called them all to invite to his home presentation. He said he had visited some of them and “placed ” some of the product with them. He told me he had bought extra product and several promotional products and studied all of the products so he knew everything about them and he had written down his goals and figured out his “why” and everything.

He said the product was great and he could not understand why all the people he knew wouldn’t even try his opportunity to make lots of money. That, in fact, a lot of his friends and even some of his family wouldn’t even answer his phone calls anymore.

I knew exactly where he was coming from and I knew his problem. He was a bona-fide, card toting member of the NFL club. I don’t mean the National Football League either. I mean the NO FRIENDS LEFT club. You do not want to join this club. There have been many network marketers that have experienced this .

The best way to wind up in this club is to try all of these “old school ” MLM methods. It really is not your fault if you are in the club, just as it wasn’t this man’s fault. It is only logical to wind up there when you use these methods to try to build your network marketing business.

If you get nothing else out of this article you need to understand this. If you wanted to build a football team, where would you look for members? Would you go down to the basketball court or to the closest construction site? Of course not! You would find football players that are looking for a team to get on.

Think about this! What kind of people would you want if you wanted to build a network marketing business? Uninterested in starting their own business- relatives? Football players? What about network marketers? Wouldn’t it make more sense to build a list of prospects that went looking online for solutions, found your site, and left their contact info for you?

By learning how to position yourself online with business opportunities and sites that offered solutions for network marketers, you can build a list of people who are interested in your product, service, or opportunity and not have to pester your uncle Bob or cousin ever again.

Let’s examine the differences between his “warm list” and my list I have generated using proper marketing techniques and modern tools like the Internet.

Warm list- Most likely you would have to go through 20 to 30 names before you found an entrepreneur and then it may be one that hates network marketing because of a failed attempt in the past using old school methods. My list- Almost all of them are working network marketers, but there could be a few that are not. Nobodies list is perfect.

Warm list- You have to ask each one very carefully before you will know if they have any interest in starting their own business-and most of them don’t.

My list- Every one of them have some interest or they would not have found me online and left their contact info for me which is how they got on the list.

Warm list- It is really a list of your personal contacts and they know you and probably know that you are new to the business- this means they know you are still learning. It is limited by how many people you know.

My list- It is a list of people who went online and found me and therefore know that I am at least knowledgeable enough to position myself as a leader online and solve some of their problems. It is limited by how many people go online searching for solutions.

Warm list- It is definitely going to dwindle down to the trickle of how many people you can personally meet in your everyday life. And it probably started out at 200 to 400 names.

My list- Grows every day on autopilot by about 15 to 20 people and that number will go up as I learn and implement new strategies. By the way, those new names will be added to the 1500 name I was able to add to the list over the last 6 months.

Warm list- Definitely gives you free entry into the NFL club

My list- No way to get in the NFL club with this list. When you are helping these people with your marketing tools and resources, it is the opposite . They want to hear more from you.

The list is the most important part of our business. But the difference between the two methods of building the list and the names on the list are like night and day. If you want to run all of your friends away and turn most of your family against you, then keep working your warm list.

If you want to attract experienced network marketers into your business and have a place online for those who are looking for a new business opportunity, you need to wake up to the Age of Technology and put some of the most modern tools known to man to work for you.

Author Dan Lambeth,

I started out like everyone else except I was handicapped even further because I had zero computer experience. This lead generation and marketing training system that I use can be used by any skill level person in any online business out there. I have used it to learn how to use a computer and to build my MLM business. You can too if you are not afraid to learn. To check it out and get some free training, go to =>

http://www.MLMBizWizard.com

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