Why 98% Of MLM And Internet Home Business Owners Fail by Frank Scott

So you've started a new MLM or home Internet business and you're not getting the results that you've expected. When you first started did you think that you would start making money overnight, a few grand in the first month. It's probably not that you've been taken or scammed; many people are making a great living in with home businesses or in the MLM industry. The problem is that you have not set your plan for the long term.

Within the first 3 months of being in a MLM or Internet type home business, most owners have closed shop and in the process wasted money, probably a good bit too. In fact 98% of business owners in the MLM or Internet industry fail. So, how do you become part of the successful 2%?

First, realize this isn't a race and odds are that you are not going to make thousands in your first few months. In fact, you may not make a dime for a few months. Most of you have spent on average anywhere from $500 to $2,000 to become a distributor or associate for your MLM or home Internet business. Now, that's not a ton of money, but throwing it out the window would sting a bit. But, I bet it would be a lot tougher to throw $100,000 to $200,000 out the window, which is what you would have paid to buy into some well-known franchise. So how soon would you pack it in if you were not making any money with you franchise, 3 months, 6 months, a year? I'll bet you would try everything you could to make that business work. Now, why are people packing it in after just a few months without much success? It DOESN'T STING ENOUGH, it isn't $100 grand. New MLM and home business owners are not as committed, when they pack it in their business is just a bad memory. Ok, my point, Have a long-term plan, don't expect to make it happen in the first few months and follow a course of action for at least a year.

Now, following a course of action for a year doesn't mean if what you are doing is not working, just keep doing it. You have to build a skill set and find out what works. If your MLM training is not working for you, find something new and invest your time in a new technique. Don't quit, there are many successful people in both MLM and Internet home businesses, but I'll guarantee you that most of them didn't make it happen in just a few months. They didn't quit; they kept at it and found what works.

Treat your business as just that, a business not a hobby. Set hours every day to work it and I do mean work. If for one second you think that it will be easy and all you have to do is place a few ads and set up a web site and the money will start rolling in, you will be one of the 98%. That being said, it will get easier at some point after you get the ball rolling and figure out what works. But in the beginning it you will work every bit as hard as you do at your job. Ask yourself a question, would you rather work hard for yourself or work hard for someone else? If you're like most, you joined your MLM or Home Business to work on your on terms and realize your financial dreams and odds are you know it won't happen in your job. MLM and Internet home based businesses are absolutely the way for the average person to achieve realize their dreams.

For a Free Report how to build your MLM and home business visit www.fastergrowthtoday.com

About the Author

Frank Scott is an MLM mentor and coach with 10+ years in the MLM and internet industry, providing valuable insight and training to those with a burning desire for success. He can be found at http://www.fastergrowthtoday.com