If you are familiar with Napoleon Hill's classic, "Think and Grow Rich", in the chapter entitled 'Organized Planning', he discusses thirty one major reasons for failing.
Hill's checklist is a quite useful one to study. You can easily discover if any of the thirty one reasons discussed applies to you. If you really want to be successful not only in business, but in other areas of your life, try to figure out what is standing between you and achieving your dreams. Here are the top reasons for failing not only in MLM but life:
Reason #1: Lack of a well-defined purpose in life. If you have no definite goals, not only for your network marketing business, but life in general, you will not be successful. Hill reports that 98 out of every 100 people he talked to had no well-defined purpose. Don't be one of the 98 who are wandering aimlessly in life. Spend some quiet time brainstorming what you want out of life and your business, write down your goals and aspirations, and then read them out loud every day to keep them fresh in your mind.
Reason #2: Lack of ambition to aim above mediocrity. If you are the type of person who is totally indifferent to your lot in life, have no desire to get ahead, and are not willing to work for it, you will not succeed at anything.
Reason #3: Lack of self-discipline. A lack of self-control can wreak havoc in your life. You must learn to control all negative qualities, including the ones that are in you. This, of course, isn't always easy to do. If you don't have self-control and discipline, your self will conquer you!
Reason #4: Procrastination. This is one of the most common causes of failure. Every human being on the planet faces this demon which can spoil your chance of success. Many of us float through life waiting for just the right opportunity to come. You must learn to take action. Why? This is important because many times things won't be "just right". The key is take action with whatever tools and resources you have. If you do this, you will be amazed at what a difference this can make in your home business and life.
Reason #5: Lack of persistence. Many people become professional quitters. Most of us are very good at starting, but the "quitter" category usually claims the majority. Plus, many people give up at their first defeat. You must learn to be persistent no matter what obstacles you are facing. If you are persistent, you will find that "failure" will not able to keep up!
Reason #6: Negative personality. To put it bluntly, if people avoid you because you are the king or queen of negativity, there is no hope for success. Success comes by applying power and this is obtained through cooperation of others. Negativity does not glue people together, but tears them apart.
Reason #7: Desire for "something for nothing." Any type of "get rich quick" attitude, an unwillingness to actually work at your network marketing business, or wanting others to do tall the work for you will doom you to failure.
Reason #8: Lack of concentration of efforts. If you are one who jumps from opportunity to opportunity because things seem to be going too slow, or to generate as many streams of income as possible,things will not be good for you. If you constantly chase the next this will "get you rich quick" opportunity, you are in grave trouble. Everyone will view you as a highly unfocused person who clearly has no idea what you want. Learn to concentrate all your efforts on one definitive aim.
Reason #9: Lack of enthusiasm. People will view you as someone who is not convincing if you seem ho-hum about your opportunity. If you are not excited about what you are doing, why should others be? Remember, enthusiasm is contagious and people will want to be around you if you have this spirit.
Reason #10: Egotism and vanity. If you are one who likes to control, don't want to listen to what others have to say, have an attitude of "my way or the highway", etc., people will see this as a red light and will keep away. These attitudes are fatal to success in your network marketing business, as well as other areas in life.
So, there you have it. The top ten reason that could be influencing why you are having difficulty finding success not only in your MLM home business, but in other areas of life. Work on eliminating these fatal attitudes from your life and you will be well on your road to achieving your hopes and dreams.
1. Fear of the Unknown
This is probably the biggest barrier you will face when trying to make money online. The fact is that most home businesses make money - a lot of money - in a short amount of time. If you learn how to advertise your home business, create a web site, and cater to your customers, you will succeed.
2. Start-up Costs
The truth is that you will not need much money to start your internet home business. You will need a computer, internet connection, and basic computer skills. As for additional start up costs, there are plenty of ways to make money online without having to spend any of your own. Affiliate programs, for example, do not cost anything to join. You will begin seeing profits almost immediately.
3. Starting an Internet Home Business Requires an Advanced Education
This couldn't be any further from the truth! In fact, many people who run internet home businesses do not have college degrees or if they do, it is in something totally unrelated. If you have an idea for a home business, you can make it happen. With a little research, you will be able to start a home business that will generate a profit.
4. Businesses That Grow Quickly
Many people see business expansion as frightening, especially if they do not want to hire employees. If your business is growing too quickly, you can always cut back on the amount of business you receive or your can hire people to do some of the work for you.
This is the great thing about internet home businesses - they grow as you grow. If you want to remain small, but profitable, you can. If you want to expand and earn even more money, you can. It's all up to you.
5. Software Needed
If you are starting a home based business and need additional software, you should start the business anyway and buy these programs when you can. Many times, what you thought you needed really wasn't that important anyway.
6. Advertising
You may be anxious about advertising on the internet. This is understandable, but advertising is very easy. There are many places where you can promote your business: your web site, blogs, job boards, affiliate web sites, open forums, databases, and search engines.
7. Record Keeping
Staying organized is important when running an internet home business, but a simple spreadsheet may be all you will need. Take a few minutes to update the sheet and you are all set!
8. Having Enough Time To Start a Home Business
This is another common fear that people have when starting a home business. You will only have to work a few hours a day. The rest of the time can be spent anyway you want.
9. Filing Taxes
Filing taxes for your home business can be done by an accountant or tax advisor. Their services are not expensive and they will be able to find tax breaks that apply to your small business.
10. Being Able to Go on Vacation
You will have plenty of time to go on vacation when running your own business. Many people make money online by only working a few hours a week!
Even though you may have fears about starting your own internet home business, you will be amazed to know how easy it really is. All you need is to have faith in yourself and everything else will fall into place.
Both Kevin Sinclair & Brian Wynn are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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