Why Network Marketers Going Bankrupt

Network Marketing is Cool!. MLM is Cool!. 


But there are so many stories about Network Marketers going Bankrupt. One of our old post clearly had mentioned about the Amway Triple Diamond Greg Duncan becoming Bankrupt!


There is only one reason, that is Bad FINANCIAL MANAGMENT. A successful networker earn so much, enjoys the freedom, but sometimes fail to save and keep for Future. Network marketing is rewarding. But unless you keep the account of each and every penny you earn, its gona be difficult. 


Networkers can be generally Classified in to Three Categories.


a. Starters
b. Immediates
c. Achievers


a.Starters


This category people has just started Network Marketing. Hence the input Cost in to the business can be more than they earn like travelling expense, PV/BV maintainance, telephone etc.


b.Immediates


Some of them would have got decent amount of success in the business. They can manage the expenses/earnings. Successful planners starts savings and invest a part of savings in to Assets


c. Achievers


They have tasted success. Huge team, multiple business centers, diversified business and passive income will make them very unique and special.

Who can go Bankrupt in this ?. All of them.. Who said Elephants can't fall ?

So Whats the Mantra..?

Save, Save, and Save!

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