EDUCATION BLOG

This is a short excerpt from my new book, BE This. DO That. GET Rich, Guaranteed! Assembling the Pieces to a Rich Life!

This book is an excellent discussion of the mindset necessary to succeed in life and business, a quick and simple analysis of the current economic condition and how to rise above it, and a practical discussion of the business model that is sweeping the world.  Get it NOW at www.todbell.me

The Mythical 95% Failure Rate in MLM/Network Marketing

Ever heard this one? “95% of people who try those MLM schemes fail!” 

It’s a myth.

Of the 100% of those who become distributors in a network marketing company, about 10% actually stick with it long enough and learn the skills necessary to succeed.

Funny thing is, the same percentages hold in all independent endeavors!  For example:

• Over 50% of college freshmen drop out after their first year!
• Real Estate Agents: They spend about $1000 to go to school. They spend $250-500 to get their license. 60% drop out without ever selling a house.
• Life Insurance Agents: Spend several months in on the job training, and in many states have to take an exam. 60% or more only sell one life insurance policy, and that is to themselves.
• Mortgage Loan Officers: 70-80% drop out without ever writing a loan.
• Car Salespersons: 80-90% of new salespersons here drop out without ever selling a car. Call your local car dealer!

Discovering a pattern here? The same skills it takes to succeed in independent sales you will use to succeed in network marketing.

So, get on with learning those skills that can make you rich!