Why Do So Many Home Based Business Entrepreneurs Fail Less than one out of 1000 people in the home business industry will ever make six figures. Why? Here’s a few facts and figures to chew on.
• Less than 1 out of 1000 people in network marketing will ever make 6-figures.
• 90% of all business WILL fail within their first 5 years (Entrepreneur Magazine)
• Over 30,000,000 (yes million) Americans have either attempted Network Marketing or are currently involved in the industry.
• 90% make less than $10 a week.
• 79,000,000 (yes million) Americans plan to start their OWN businesses in the next 3-5 years (Forbes Magazine)
Most home business failures are caused by newbies not doing their homework and then catching the intoxicating scent of easy cash before whipping out the credit card to buy in. The bottom line is too many folks get sucked into hyped up, soulless marketing schemes that have little or no substance and quickly find there is little support or need for what they’re marketing.
Yet, Donald Trump and Robert Kiyosaki both say that if they had to do it all over again, they would build their fortunes in network marketing.
So why does everyone think this is an industry of easy-riches when the reality is that most are failing dismally?
Simple, there are too many unscrupulous companies who will lure people in with promises of easy wealth hoping they will impulse buy and then leave them high and dry only to move onto the next sucker.
Unless you are joining a group or team that is really going to show you the common denominators of their success, you are dead in the water. Most people don't realize that unless you’re able to leverage the experience of the leaders on your team, you will go broke long before you ever make a substantial income. Combine this with real products and you’re in business.
All of a sudden, instead of this being a money-game, you are selling real stand alone products - something you can stand behind and be incredibly proud of using a marketing system that actually works and you are making real money.
This is a very important part of NOT becoming yet another STATISTIC.
