David Sharp Recently Spoke in a MLSP Morning Wake up Call. He was sharing with listeners some amazing gold nuggets. He shared with us why sharing your stories and struggles will help you with your business. Sharing with people your struggles will get people to relate to you more. When people can relate to you, they tend to trust you more.

I recently read this post from Ray Higdon’s blog about 7 tips for MLM Coaching and Teambuilding. He is the number one income earner in his primary company and provides valuable information in his blog post. Here is a video that he did on the 7 tips for MLM Coaching and Teambuilding that I wanted to share with you.

Everyday there is a new MLM company going into pre-launch. Most People who get started in pre launch companies are miss lead. They are told that the best companies to get into are ground floor opportunities and that they need to get in before everyone else does.

The statistics of start up MLM companies is not very promising. About 95 percent of them will not make it to their 5th anniversary. Only a hand full of them have made it past the 10 year mark. There are only a few that I know that have made it past 10 years.

Most startup companies will fail because they have poor management and lousy overpriced products that no one wants to buy. For example in one juice MLM, it costs over $100 for a month supply of juice. No one wants to buy something that they could buy for the fraction of the price at the supermarket. The only reason they would buy it is for the requirements of running that business.

That juice company was doing well in their first five years, but now they are falling apart and most of those reps are seeing their commissions checks getting smaller and smaller each month. This is because many people have been cutting back on their expenses due to the recent economic melt down and are finding more affordable companies to be involved in.

If the company has poor management, then they will have a hard time keeping the company in tact and paying commissions to their reps. Most of those companies are started by people who were involved in other MLM companies instead of people who have had real world business experience.

Instead of getting started with a pre lauch company, you should consider companies that have solid track records, affordable products that people would use even if they did not grow the business and solid management. It is recommended that you look into companies that are at least 5 years old and that have products that are reasonably priced especially if the products are those that people use on a daily basis. In addition, the management should have experience in large fortune 500 companies like Proctor and Gamble. Not a management team with just MLM experience.

Are you currently in a network marketing company where you are on a monthly autoship that is costing you $100, $200 or more?

Are are having a difficult time keeping your team member on their auto ships?

If you answered yes to both of those questions, chances are your companies products are way overpriced.

Many network marketing company’s products are so over priced that the only people buying the products are the ones that are building (Or at Least Trying to build) the business. And if they are not making any money in the business, they will CANCEL THEIR AUTO SHIPS. What that means to you is a smaller commission checks.

I am not trying to tell you that you are in the wrong company. I am just trying to make you aware of the problem that is plaguing our industry. Too many companies with products that are way overpriced.

The key to having success in this industry and having your commission checks last a lifetime is to be in a company where the products are priced reasonably enough for someone to buy them even if they don’t build the business. The question you should ask yourself about the company that you are currently involved in or are looking to join is “Would I buy the products if there was no compensation plan involved?”

If you answered no to this question, you should find another company since those kind of companies will not last very long. The reason why those companies won’t last very long is that people will not stay with the company or continue to buy the products since they are way too overpriced to compete with those at the super markets.

It is important to have patience when building your network marketing business. Many Network Marketers Get into this industry and within the first 90 days quit since they are not getting the results they expected. You have got to understand that you have to be patient to learn new skills and understand that you are not going to become a millionaire overnight.