What percentage of mlm people end up quiting?

Question

I think it is around 99.999%. Some mlm people have called me names for my opinion on this.... So I am curious as to what you think the actual figure is.

Answer 1

100%

The clever ones who know how to milk the system leave to a new one where they start near the top of another pyramid.

The stupid ones who are being milked leave either because they have learnt the error of their ways or they are now being milked at the other MLM.

Answer 2

A lot don't quit, they just give up. I know someone who does an MLM and for the first months, she was trying to get me and few other people involved all the time. It was all she talked about, how much money we will all make, how great the products are. Her first check was pretty good. And she would actually get insulted when people weren't interested in her products or joining under her.
Then as the months went on, she took less interest. Her checks got smaller and she didn't have the motivation to sell ALL the time.
She never "quit" but she certainly gave up. That is why the MLMers call you names too, because they are taught that network marketing is not about the product you sell, but about how you sell the product. They take it personally when you won't join them.

My guess the quitting rate is somewhere near the non-success rate of 90%.

Answer 3

Why Are MLM Retention Rates So Low?

There is not a hard and fast industry number. I have heard figures in the 80-95% range.

The issue is not necessarily how many people quit, as this means different things to different people. For instance:

* Are you referring to turnover...ie. leaving the company altogether; or

* Do you mean those who are still with a company but are not "working the business"?

While the 80/20 rule used to apply to MLM, if you ask most veterans they will tell you it is 95/5 these days. There are many reasons for the drop in serious MLM workers. For instance:

1. People choose a company based on the opportunity, not the product. I have many clients who tell me that they are only interested in a product to legitimize the compensation plan. These are generally the same people who more around constantly, waiting for the next ground floor opportunity.

2. MLM's that provide a fairly priced retailable product, and marketing materials that help their representatives market such, generally provide their people with more stable businesses. For instance, I have used the products from one company that started out as MLM and have been a customer since 3/01. The initial compensation plan has changed, but it had little effect on those who wanted the product.

3. Affiliate programs have muddied the MLM water. While not providing the depth generally found in MLM companies, affiliate programs usually require no investment or monthly autoship. There are many one and two tier programs to choose from and affiliates are not barred from promoting more than one company's products or services.

4. A lot of my clients were never successful in MLM's because they really weren't looking for a business in the first place. They were looking for a way to pay some bills. That does not make an entrepreneur. It doesn't create that "fire in your belly" to operate your own business. Only 5% of the U.S. population is entrepreneurial, so a lot of failure is due to round pegs trying to fit into square holes.

So, how does someone succeed with such small MLM retention rates?

1. Understand that most businesses fail within the first five years. This statistic is not limited to MLM.

2. If you are committed to doing what it takes, you can become that 1 out of 5 who is successful. But it does take time, money and COMMITMENT.

3. With these statistics in mind, it is imperative to select a company that provides a unique, fairly priced product that will attract customers. Even if you want to spend the majority of your time recruiting MLM representatives, your customer base will provide a solid foundation for you and your sales team.

Hope this helped!

Debbi Bressler

Answer 4

I would say you are right, mlm's are mostly scams and only work out for a select few (usually those who got in at the beginning).
It's really too bad, since they can really have a good product or service ans even an interesting business plan, it's just hard to get them started and stay motivated without early successes.

Answer 5

Pre-Launch of the very first video marketing internet site.
Your Opportunity to Profit from the greatest Launch online History
Fasten your location at no cost right now at http://bit.ly/vidcommfacebook

Answer 6

There are two types of MLM programs. There's the netwoek marketers who market their secrets to other network marketers who market to other network marketing wannabes and so on. It takes numerous participations and about 4 years to make a substantial amount of money as you move towards the top in the food chain.

There are affiliate programs which take about a year to establish a reasonable amount of monthly income.

In both cases, 99% of the people who get involved think that they are going to make a lot of money fast and give up after two weeks before they even begin to learn what they are doing and after paying various amounts of money to people who claim to be selling the "secret".

It takes hard work over an extended period of time to make it in eaither situation.

Answer 7

What are mlm people because I don't know. So I'll guess 99.999%

:-)~

Answer 8

I'm earning some extra money with sport bettings. I use the predictions made but this software http://sportbetting.toptips.org. It's free to test so you can use it to make your first bucks with sport bettings.

Answer 9

I bet it is close or higher than 95 percent. Quite often after the hype people realize that the thing they signed up is unethical.