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Cases - Why Do Most Network Marketers Fail?
Network marketing is Simple, but doing the old way (i.e.
cold calling people) is NOT easy.
Don't kid yourself!
Let me explain my view of why network marketing is
Don't kid yourself!
Let me explain my view of why network marketing is
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
notorious
for having a 95% or higher failure rate..
Have you ever heard of Occam's razor?
It states that the simplest explanation for a phenomenon is usually t
Have you ever heard of Occam's razor?
It states that the simplest explanation for a phenomenon is usually t
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
he best. We'll use this theory to explain why more
than 95% or more network marketers fail.
Ready?
Most network marketers fail because the marketing methods th
Ready?
Most network marketers fail because the marketing methods th
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
t they are taught don't work 95% or more of the time.
So we're led to ask the next logical question, what are most fledgling network marketers taught?
Well, I ca
So we're led to ask the next logical question, what are most fledgling network marketers taught?
Well, I ca
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
n only speak from my experience, but what I was
taught was to buy and cold call leads.
Now, I'm not going to say this doesn't work, but I will say after six mo
Now, I'm not going to say this doesn't work, but I will say after six mo
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ths of cold calling leads for 3 hours a
day with very little success this tactic doesn't work for
me.
Honestly, unless you're natural born confident sales leade
Honestly, unless you're natural born confident sales leade
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
r
going into your network marketing career you'll probably
have these same results.
Don't get me wrong some people are very good at cold calling leads, but mos
Don't get me wrong some people are very good at cold calling leads, but mos
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
people aren't.
What happens to most people after they've spend thousands of dollars on leads with very little success after months of effort?
They run out of m
What happens to most people after they've spend thousands of dollars on leads with very little success after months of effort?
They run out of m
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
oney. They get burned out and then . . .
They give up.
Another important factor contributing to why most network marketers fail is the type of leads they buy.
W
They give up.
Another important factor contributing to why most network marketers fail is the type of leads they buy.
W
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
y does the type of leads network marketers use make a
difference?
Well . . .
Business opportunity leads, the leads most new network marketers are told to use, a
Well . . .
Business opportunity leads, the leads most new network marketers are told to use, a
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
re generic. These leads answer
an ad that just asks them if they want to be financially
free or make money from home or something like that.
Well . . . of course
Well . . . of course
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
they do!
But that doesn't mean they want anything to do with YOUR network marketing program.
When the average network marketer calls these generic business opp
But that doesn't mean they want anything to do with YOUR network marketing program.
When the average network marketer calls these generic business opp
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
rtunity leads the leads don't know anything
about the network marketer's business and for the most part
honestly don't care.
This leads to the fledgling network
This leads to the fledgling network
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
marketer hearing a lot
of "NOs".
Hearing NO all the time leads to quite a bit of self doubt, both about the network marketer's own ability and the validity of
Hearing NO all the time leads to quite a bit of self doubt, both about the network marketer's own ability and the validity of
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
their association with their network marketing
company.
Negative feelings begin to harbor and as I said before eventually the network marketer gives up, usually
Negative feelings begin to harbor and as I said before eventually the network marketer gives up, usually
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
within 3-6
months.
People want to follow a leader. When you have a system that works like a magnet, prospects will then rely on you to lead them. You need t
People want to follow a leader. When you have a system that works like a magnet, prospects will then rely on you to lead them. You need t
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
capture other network marketers with
a proven system that can help them achieve their financial
freedom.
That's basically why 95% of network marketers fail if
That's basically why 95% of network marketers fail if
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
you
asked me.
Let's take a look at a flock of geese. When a goose flaps their wings they provide an uplifting air to those around them. There is a lead goose
Let's take a look at a flock of geese. When a goose flaps their wings they provide an uplifting air to those around them. There is a lead goose
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
in ever flock and in flight the geese are
in formation behind their leader. Whenever they want to go
faster the geese behind their leader will honk until the le
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ader is
up to speed.
How many people do you want to follow you in your business? Are you providing them with uplifting air? Are you listening to their honking
How many people do you want to follow you in your business? Are you providing them with uplifting air? Are you listening to their honking
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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