Longrich Internal Training PPT Approval
This training PowerPoint presentation by Longrich focuses on the 10 pitfalls of network marketing, reasons why people fail in network marketing, and essential reflections for success. It emphasizes the importance of taking the business seriously, having a proper business plan, and continuous effort to grow and succeed. The content also highlights the need for permission before modifying the training material and the responsibilities associated with unauthorized changes.
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LIBA TRAINING PPT APPROVAL PAGE Reviewed by Approved by Date Notice: This training PPT is used for Longrich internal training only, it is prohibited to be modified without authorization. If you want to modify it accordingly, please get the permission from Longrich Direct Selling International Training Department in advance, otherwise, any consequences and responsibilities caused by modifying must be borne by the modifier, instead of by Longrich. Longrich reserves the rights for any further explanation. 1
10 Pitfalls Of Network Marketing Presented by LIBA Feb, 2017 V02 2
10 Pitfalls Of Network Marketing Truth Hurts, But Lies Kill, The Truth, The Whole Truth, And Nothing But The Truth About Network Marketing. 3
WHY People Fail In Network Marketing 30% - Other factors: Wrong company, wrong timing, wrong upline, etc. 70% - Personal factor: Sins of commission+commitment. 10 PITFALLS OF NETWORK MARKETING to be AVOIDED at all cost if u want to be successful. 4
Reflect On Your Actions 1. Did I do my best? 2. Did I do it the right way? 3. What went wrong along the way? 4. How can I do it better? 5
1. FAIL TO TAKE IT 1. FAIL TO TAKE IT SERIOUSLY SERIOUSLY AS A AS A BUSINESS JUST LIKE BUSINESS JUST LIKE ANY ANY OTHER BUSINESS. OTHER BUSINESS. 6
1. Fail to Take it Seriously as a Business Just Like any Other Business. 1. You are in business when u registered yourself as a distributor. 2. Be proud of the Longrich business be purposeful, be prepared. 3. You are in the business of improving health & wealth. 4. No money no talk , no talk no money TTP,TTP,TTP. 5. Part timers 10 hours per week talk to 5 people - present products & Compensation Plan 6. Spend 80% of your time to sell some products and recruit new people to expand your network 7. Do it non-stop for at least 1 solid year 7
2. NO PROPER 2. NO PROPER BUSINESS PLAN BUSINESS PLAN 8
2. No Proper Business Plan 1. No business in this world can succeed without a proper and effective business plan. 2. Nobody plans to fail but people fail to plan when u fail to plan, u actually plan to fail without you knowing it. 3. Plan and project your network growth, budgeting. 4. Create business strategies network expansion + sales growth. 5. Must be willing to invest such as useful business building tools. 6. Execute the plan then evaluate it s effectiveness - constantly review your business plan. 9
3. FAIL TO SET GOALS AND 3. FAIL TO SET GOALS AND EXECUTE THEM EXECUTE THEM 10
3. Fail to Set Goals and Execute Them 1. 3% of the people make the world go around the rest of 97 just follow the difference is in setting goal. 2. No goal is sad small goal is bad. 3. If u can t hit the target that u can t see then how can u even hit the target that u don t have. 4. Set goals for your Longrich business and other aspects of your life. 5. Set a S.M.A.R.T goal. 11
How to Set a S.M.A.R.T Goal S - SPECIFIC - Clear direction with to-do details. M - MEASSURABLE Setting your goals with deadlines. A - ACHIEABLE - Realistic & within reach. R - RATE YOUR GOAL Prioritise different goals. T - TRACK YOUR GOAL - How far are you from your goal. 12
Executing your Goals with ACTION! 1. Don t be a N.A.T.O - no action talk only 2. Let your goals drive you all the way 3. Stay focus on your goal do get distracted or side-tracked 4. Change your plan but not your goal 5. Visualise and verbalise your set goals 13
4. FAIL TO EDUCATE YOUR 4. FAIL TO EDUCATE YOUR DOWNLINES BY USING DOWNLINES BY USING DUPLICATION DUPLICATION 14
4. Fail to Educate Your Downlines By Using Duplication 1. Downlines are like babies take care of them, teach and lead them. 2. Put them on the right track from day one show them the direction listen to their concern and allay their fears. 3. Product user or business builder - find out within 1 week never assume. 4. Sit down with them and go through their prospect list, set goals with them. 5. For the first 3 times, do the presentation for them for the 4th& 5thtime you share the presentation with them, starting on the 6thtime onwards, let them present and u just observe, listen and chip in when necessary. 15
4. Fail to Educate Your Downlines By Using Duplication 1. Genuinely care for your down liners like u care for your children 2. However do not spoil or spoon feed them - don t give them fish but teach them how to fish 3. If u find out the they are not the suitable ones - leave them and work on the new potential people 4. Network Marketing is a business of sorting out people it is a simple business but not an easy business not everyone will make it 5. Don t indulge in Heroism Network will never grow without you 16
5. FAIL TO PRACTICE WHAT 5. FAIL TO PRACTICE WHAT YOU HAVE LEARNED YOU HAVE LEARNED 17
5. Fail to Practice What You Have Learned 1. Knowledge is only potential power applied knowledge is power. 2. It s not what u know that matters but what u do with what u know that matters. 3. Constantly attend relevant meeting and training sessions to improve yourself ultimately to be a great leader. 4. Practise everything that u have learned in your business - learn, do, teach. 18
6. FAIL TO BE INDEPENDENT 6. FAIL TO BE INDEPENDENT AFTER 90 DAYS AFTER 90 DAYS 19
6. Fail to Be Independent After 90 Days 1. The Longrich business is yours and yours alone as such you are fully responsible for your own success. 2. Your up liner is obligated + responsible to teach you only during the initial stage first 90 days. 3. Learn every aspects of the business within the first 90 days Company , products , Compensation Plan. 4. Must be able to present the Business Opportunity on your own within the 90 days. 20
7. STARTING YOUR OWN 7. STARTING YOUR OWN SYSTEM SYSTEM 21
7. Starting Your Own System 1. If u have not succeeded before, don t try to start your own system. 2. Just follow and do as you are told follow the guide and blue print. 3. Do u ever question the school curriculums before enrolling? Selling, Sponsoring and Servicing universal strategies are no different than one another. 22
8. FAIL TO WORK WITH 8. FAIL TO WORK WITH UPLINES, SIDELINES AND UPLINES, SIDELINES AND DOWNLINES DOWNLINES 23
8. Fail to Work With Uplines, Sidelines and Downlines 1. United we stand, divided we fall solidarity and teamwork is crucial in network marketing business. 2. Uplines are like parents, sidelines are like siblings and downlines are like offsprings. 3. Do unto others what u want others to do unto you. 4. Pass your negative energy up, and positive energy down. 5. Avoid politicing don t play tennis on a basketball court . 6. Build your success on the success of others. 24
9. LACK OF BELIEF AND FAITH 9. LACK OF BELIEF AND FAITH 25
9. Lack of Belief and Faith 1. Believe in the company, products, compensation plan, education system 2. Most important thing HAVE FAITH AND BELIEVE IN YOURSELF 3. U may not win with BELIEF but u will certainly lose without it 26
10. QUITTING TOO SOON 10. QUITTING TOO SOON 27
10. Quitting Too Soon 1. Nobody fails in Network Marketing people just stop 2. Focus on your goals and preserve for at least 12 months before you think if network marketing is unsuited for you 3. See light in darkness - have faith 4. Ignore the negativity ideas around you, remember why you started 28
ZEN MASTER STORY 29
Recap 1. Fail to take it as a business and do it like a business 2. Fail to enact a proper business plan 3. Fail to set goals and execute them 4. Fail to educate downlines by using duplicatation 5. Fail to practice what you have learned 30
Recap 6. Failed to be independent after 90 days 7. Starting your own system 8. Fail to work with upline, sidelines and downlines 9. Lack of belief and faith 10. Quiting too soon 31
