Strategies

SIX STRATEGIES FOR OVERCOMING YOUR FEAR OF FAILURE AS A STARTUP NETWORK MARKETER (ENTREPRENEUR)

Many aspiring Entrepreneurs (Network Marketer) struggle to overcome the fear of failure before they start their business, especially in Developing Countries where information is limited and people do not understand the true meaning of ENTREPRENEURSHIP. 
Maybe this is partially due to all the statistics we’ve heard about the rate of failure for new businesses – something along the lines of “9 out of every 10 new businesses fail within 3 years”.. except in NETWORK MARKETING INDUSTRY where only "6 out of 10 businesses fail within 3 years" etc. The reasons for these so-called “failure” are many, but the fear of failure alone should never be enough to stop an aspiring Network Marketer from starting their business.

It is perfectly natural to occasionally have feelings of uncertainty about what you’re getting yourself into as a startup Network Marketer, but it can be dangerous to hold on to those feelings. If you hold on to that fear of failure for too long, it can overtake you, and make the thing that you are afraid of become your reality.

You can’t always stop fear from entering your mind; but the good news is that you can stop it from staying. Here are 6 strategies to help you control the fear of failure as a STARTUP ENTREPRENEUR / Network Marketer:

1.     REDEFINE WHAT IT MEANS TO FAIL

One of the main reasons why many aspiring s allow the fear of failure to stop them from starting their business is because they view failure as something that is negative. Interestingly enough, if you study the lives of successful s you will discover that in most cases their careers were riddled with “failure” before they succeeded.

Failure is not the opposite of success; it is a part of success. A failure is nothing more than a result that you get that you do not want. It is neither good nor bad, it is just feedback. By learning from feedback, and continuing to take action and make decision that produce more feedback, you eventually learn precisely the lessons you need to learn to earn your success.

It took Thomas Edison 10,000 attempts to create a working light bulb. When asked about his so-called failures, Edison responded: “I have not failed. I’ve just found 10,000 ways that don’t work.”

2.     STOP COMPARING YOURSELF TO OTHERS

Every industry has a selected group of individuals that are considered experts in that industry. One of the most effective ways to succeed quickly is to learn from those experts and emulate their strategies. In fact, it is wise to study the successes of Network Marketers in general because they make the best majority of Entrepreneurs regardless of what business or industry they are in, just be careful not to compare yourself to them.

In order to build a unique business, you must hold on to your uniqueness as an individual. It is unwise to compare yourself to others for the simple reason that you are not them, and you shouldn’t be trying to be them either. Admire the success of others, but don’t envy them. Respect the results that other Network Marketers are able to create, but focus your attention on the results that you want to create.

3.     JUST KEEP GOING

Another effective way to overcome your fear of failure is to take action in spite of fear. When doubts, fears, or any other negative thoughts enter your mind just stay focused on taking action. Fear is a common feeling when you do things you have never done before. When you try something new, you leave your comfort zone – you enter the unknown. But instead of retreating back to your comfort zone whenever you feel fear, embrace that fear and praise yourself for having the courage to step into a new, unfamiliar experience.

By facing your fear head on, and continuing to take action, your comfort zone expands and eventually that new experience becomes a familiar experience and the fear will subside. Successful entrepreneur (Network Marketers) have learned to use fear as a motivator to keep moving forward. Whether it’s the fear of failure, the fear of rejection, the fear of mediocrity, or the fear of poverty, they purposely use that fear to fuel their motivation to succeed.

4.     DON’T FOCUS ON PROBLEMS, FIND SOLUTIONS

Never forget that all businesses exist to provide products or services that solve specific problems or services that solve specific problems to the marketplace. To succeed as an Network Marketer, you must learn to embrace problems, but not focus on them. Learn to perceive every problem as an opportunity to create a solution, to fill an unfilled need. If your employees are complaining about specific challenges, there may be an opportunity there. If your customers are having difficulty in certain areas or with certain products, there may be an opportunity there. The more problems that you and your business are able to solve, and the more people you are able to solve them for, the more you will be rewarded (financially and otherwise) for providing those solutions.

5.     STAY POSITIVE

Another important point for overcoming your fear of failure as a startup Network Marketer is to maintain a positive attitude always. As a leader of your team and as the visionary for the future of your business, you must remain focused on the responsibilities of the future and not so much the challenges of the present. Expect setbacks and obstacles and know that overcoming these are the price you must pay to succeed. Your team will be looking to you for encouragement during difficult times, and so you must never fail to display a positive and optimistic attitude.

Keep in mind that a positive attitude alone wouldn’t have been enough to save large video store companies from going out of business as the marketplace transitioned to online services. It is important to acknowledge market conditions for your business and face certain facts that may not be ideal. In these types of circumstances you must operate from objective reality, but lean on your positive attitude to look for the hidden opportunity within that reality.

6.     START SMALL AND COUNT YOUR SUCCESSES

The final strategy for overcoming your fear of failure is to LAUNCH WITH GWT MLM business today due to the support of mentors that introduces the business to you and foreign partners who owns the company achieve positive results, and build on that momentum. You may have the expression “go big or go home”. Many people have used this expression to justify taking massive action or taking no action at all. In some scenarios this  is a wise approach, but for many startup Network Marketers it is better to begin with smaller goals –  

WRITING ON A BOOK THE FOLLOWING CONTACT INFO VERSES THEIR NAMES.
HOT MARKETS - (Very close family and friends)
WARM MARKET - (Neighbors, Business associates, Professional colleagues etc. People you    
                                    already know but don't have any strong attachment)
COLD MARKET - (People you meet for the first time, in the course of your daily activities) or acquire your first customer – and then build on those successes. Success breeds success. By consistently achieving positive results on a smaller scale, you build momentum. That momentum is what will help to create the larger successes later.

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