Comments on: Fact Is: The 95% Failure Rate is a Myth http://www.irepnetwork.com/blog/398/business-failure-rate/ Home business news, information, tips and tools to help direct sales consultants succeed online. Thu, 26 Aug 2010 06:15:04 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Diversity For Online Business Success | Tim Bossie.com http://www.irepnetwork.com/blog/398/business-failure-rate/comment-page-1/#comment-3988 Diversity For Online Business Success | Tim Bossie.com Sat, 23 Jan 2010 15:51:19 +0000 http://www.irepnetwork.com/blog/?p=398#comment-3988 [...] about online marketing is that the failure rate is quite high. While the statistics might not be as high as many people say, the rate is still quite [...] [...] about online marketing is that the failure rate is quite high. While the statistics might not be as high as many people say, the rate is still quite [...]

]]> By: Linda Stacy http://www.irepnetwork.com/blog/398/business-failure-rate/comment-page-1/#comment-3987 Linda Stacy Mon, 18 Jan 2010 18:10:00 +0000 http://www.irepnetwork.com/blog/?p=398#comment-3987 Thanks for stopping by and commenting Michael. I absolutely agree with you that it's up to the individual to do their own due diligence and thoroughly research and ask questions before joining any opportunity. However, for most people, the research is difficult because there is so much hype out there. It's hard to know what's true and what isn't. I have to disagree with your statement that "It is a fact that all statistics can be manipulated to prove any point." Statistics is just math. It's the data that's used in the statistical analysis that can be misinterpreted or misrepresented. But the average person who is relying on the reports doesn't know how to determine whether or not the data has been interpreted accurately so again, it's very difficult to know what to believe. You ended with "Remember be logical in every decisions you make" which I think is very sound advice. Starting a business involves risk; approaching it with a logic and common sense means it's a calculate risk. If you need help choosing the right direct sales company for you, grab my free report at <a href="http://www.chooseyouropportunity.com">ChooseYourOpportunity.com</a> Thanks for stopping by and commenting Michael. I absolutely agree with you that it’s up to the individual to do their own due diligence and thoroughly research and ask questions before joining any opportunity. However, for most people, the research is difficult because there is so much hype out there. It’s hard to know what’s true and what isn’t.

I have to disagree with your statement that “It is a fact that all statistics can be manipulated to prove any point.” Statistics is just math. It’s the data that’s used in the statistical analysis that can be misinterpreted or misrepresented. But the average person who is relying on the reports doesn’t know how to determine whether or not the data has been interpreted accurately so again, it’s very difficult to know what to believe.

You ended with “Remember be logical in every decisions you make” which I think is very sound advice. Starting a business involves risk; approaching it with a logic and common sense means it’s a calculate risk.

If you need help choosing the right direct sales company for you, grab my free report at ChooseYourOpportunity.com

]]> By: Michael Jackson http://www.irepnetwork.com/blog/398/business-failure-rate/comment-page-1/#comment-3981 Michael Jackson Mon, 11 Jan 2010 22:08:32 +0000 http://www.irepnetwork.com/blog/?p=398#comment-3981 It is a fact that all statistics can be manipulated to prove any point. One must do there own research. Part of the problem is that people want to be told the truth. That will never happen as long as people have personal interest. If you do a little research you will find that around 60% plus will drop out of a mlm company. That is not a failure. That is quiting. Another lost point is how many people quit that are actually making a profit each month. I am not here to say whats right and wrong. I'm saying with all business opportunity the responsibility is on the individual to do there own research and make educated decisions. It should be common sense to not get involved with a cosmetic company that wants you to buy $600 worth or product. If you can not realistically sell $600 worth per month. Personally if the company's does not have products that are consumed daily and replenished regularly then I would not get involved. Good luck in all your endeavors!! Remember be logical in every decisions you make It is a fact that all statistics can be manipulated to prove any point. One must do there own research. Part of the problem is that people want to be told the truth. That will never happen as long as people have personal interest. If you do a little research you will find that around 60% plus will drop out of a mlm company. That is not a failure. That is quiting. Another lost point is how many people quit that are actually making a profit each month.

I am not here to say whats right and wrong. I’m saying with all business opportunity the responsibility is on the individual to do there own research and make educated decisions. It should be common sense to not get involved with a cosmetic company that wants you to buy $600 worth or product. If you can not realistically sell $600 worth per month. Personally if the company’s does not have products that are consumed daily and replenished regularly then I would not get involved.

Good luck in all your endeavors!!

Remember be logical in every decisions you make

]]> By: Linda Stacy http://www.irepnetwork.com/blog/398/business-failure-rate/comment-page-1/#comment-3939 Linda Stacy Wed, 09 Dec 2009 12:42:33 +0000 http://www.irepnetwork.com/blog/?p=398#comment-3939 Thanks for stopping by and for your insight, Wayne. I think you sum it up perfectly with, "So that means one must find a product-driven company first and foremost." It is direct *sales* and without sales, no one succeeds. Thanks for stopping by and for your insight, Wayne. I think you sum it up perfectly with, “So that means one must find a product-driven company first and foremost.” It is direct *sales* and without sales, no one succeeds.

]]> By: Wayne Froemke http://www.irepnetwork.com/blog/398/business-failure-rate/comment-page-1/#comment-3936 Wayne Froemke Mon, 07 Dec 2009 05:29:11 +0000 http://www.irepnetwork.com/blog/?p=398#comment-3936 Thank you for writing about this important issue which I believe is a myth too. I see many "attraction marketing" systems, who sell their systems to make money, make this 95% claim all the time, and they've convinced many people of the truth of it. If I were to believe that 95% stat, I'd quit now as it is a nearly hopeless point of view, and sends many into apathy if they really believe that. But I KNOW it's not true. I know for a fact that if somebody gives diligent effort in a network marketing company who has a great product that's reasonably priced, and is actually needed in the market place, that person will succeed. The difficult part is finding good products which actually sell and is easy to demonstrate. Clearly more focus needs to be on helping people find the right products. Because with the right saleable products that can be demonstrated with ease, that people want to re-order ... there truly is no limit to the amount of income one can make. Building a solid customer and distributor base who re-orders each month is where the long-term, stable residual income is in network marketing. So that means one must find a product-driven company first and foremost. Personally, I can't stand recruiting driven mlm companies. Thanks again for allowing this opportunity to express my own input about this. Thank you for writing about this important issue which I believe is a myth too.

I see many “attraction marketing” systems, who sell their systems to make money, make this 95% claim all the time, and they’ve convinced many people of the truth of it.

If I were to believe that 95% stat, I’d quit now as it is a nearly hopeless point of view, and sends many into apathy if they really believe that.

But I KNOW it’s not true. I know for a fact that if somebody gives diligent effort in a network marketing company who has a great product that’s reasonably priced, and is actually needed in the market place, that person will succeed.

The difficult part is finding good products which actually sell and is easy to demonstrate. Clearly more focus needs to be on helping people find the right products.

Because with the right saleable products that can be demonstrated with ease, that people want to re-order … there truly is no limit to the amount of income one can make.

Building a solid customer and distributor base who re-orders each month is where the long-term, stable residual income is in network marketing.

So that means one must find a product-driven company first and foremost. Personally, I can’t stand recruiting driven mlm companies.

Thanks again for allowing this opportunity to express my own input about this.

]]> By: How to Beat the Fear of Change – Freestyle Mind http://www.irepnetwork.com/blog/398/business-failure-rate/comment-page-1/#comment-3894 How to Beat the Fear of Change – Freestyle Mind Tue, 10 Nov 2009 11:25:23 +0000 http://www.irepnetwork.com/blog/?p=398#comment-3894 [...] either sold or the boss retired. I can’t remember the actual source of this information, but here you can find an excellent explanation if you are [...] [...] either sold or the boss retired. I can’t remember the actual source of this information, but here you can find an excellent explanation if you are [...]

]]> By: Linda Stacy http://www.irepnetwork.com/blog/398/business-failure-rate/comment-page-1/#comment-3867 Linda Stacy Fri, 02 Oct 2009 11:24:29 +0000 http://www.irepnetwork.com/blog/?p=398#comment-3867 Thanks for the comments and compliments, Paul. I'll have to think about the 80/20 rule applies to business success or failure. I think it's more of a cause and effect principle than a measurement. I absolutely agree that many people don't put in the effort (or effective effort) to see great results in business, but I also think many just don't know how. And unfortunately, too many people are still promising "easy money" and too many people still get caught up in the hype. As long as we keep talking about it we can help more people realize that it takes hard work and dedication to succeed. Thanks for the comments and compliments, Paul.

I’ll have to think about the 80/20 rule applies to business success or failure. I think it’s more of a cause and effect principle than a measurement.

I absolutely agree that many people don’t put in the effort (or effective effort) to see great results in business, but I also think many just don’t know how. And unfortunately, too many people are still promising “easy money” and too many people still get caught up in the hype.

As long as we keep talking about it we can help more people realize that it takes hard work and dedication to succeed.

]]> By: Paul Hutchings http://www.irepnetwork.com/blog/398/business-failure-rate/comment-page-1/#comment-3859 Paul Hutchings Mon, 28 Sep 2009 16:32:50 +0000 http://www.irepnetwork.com/blog/?p=398#comment-3859 Great Article, I am in complete agreement that the oft quoted stats about the network marketing failure are unsubstantiated. I could not find any reputable studies that supported any of the numbers that are quoted in articles all across the internet. That being said, the 80/20 rule would suggest a high failure rate based on natural law. That fact of the matter is, most people will not put in the time or efforts to develop the skills that are needed for success in any business. Taking this into consideration would suggest a high failure rate in business, period. What does that mean? It just means that if you aren't going to put in the efforts, you won't see great results. Doesn't take a statistical analysis of vast amounts of data to come to this conclusion. Just read the Bible and get a basic understanding of "The Law of The Harvest." :) Good luck! Why does network marketing sound so good in theory... yet never seem to play out that way in practice? http://Netmagic.the7greatliesofnetworkmarketing.com Great Article,

I am in complete agreement that the oft quoted stats about the network marketing failure are unsubstantiated.

I could not find any reputable studies that supported any of the numbers that are quoted in articles all across the internet.

That being said, the 80/20 rule would suggest a high failure rate based on natural law.

That fact of the matter is, most people will not put in the time or efforts to develop the skills that are needed for success in any business.

Taking this into consideration would suggest a high failure rate in business, period.

What does that mean? It just means that if you aren’t going to put in the efforts, you won’t see great results.

Doesn’t take a statistical analysis of vast amounts of data to come to this conclusion.

Just read the Bible and get a basic understanding of “The Law of The Harvest.”

:)

Good luck!

Why does network marketing sound so good in theory…
yet never seem to play out that way in practice?
http://Netmagic.the7greatliesofnetworkmarketing.com

]]> By: Steve http://www.irepnetwork.com/blog/398/business-failure-rate/comment-page-1/#comment-3740 Steve Mon, 20 Apr 2009 20:57:03 +0000 http://www.irepnetwork.com/blog/?p=398#comment-3740 MLM's would be lucky to have a 95% failure rates. It's more like 99.5% failure. MLM’s would be lucky to have a 95% failure rates. It’s more like 99.5% failure.

]]> By: Kai Druhl http://www.irepnetwork.com/blog/398/business-failure-rate/comment-page-1/#comment-3739 Kai Druhl Sun, 19 Apr 2009 20:56:44 +0000 http://www.irepnetwork.com/blog/?p=398#comment-3739 Hi Linda, the 95% rate applies to all MLMs where menbers have joined for the business opportunity. Since all profits must come from the sale of products, it is obvious that most of the MLM members cannot make a profit. The only way to remedy this is by having MLM companies reward their distributors for leading with theproduct, and encourage them to learn proper marketing techniques. Hi Linda, the 95% rate applies to all MLMs where menbers have joined for the business opportunity. Since all profits must come from the sale of products, it is obvious that most of the MLM members cannot make a profit.
The only way to remedy this is by having MLM companies reward their distributors for leading with theproduct, and encourage them to learn proper marketing techniques.

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