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MLM Training - How to Overcome the "No Time" and "No Money" Objection

Jan 8, 2008
If you want to be successful in building your MLM business you must know how to overcome many objections. Read this MLM training tip and learn the secret behind getting prospects over the "no time" and "no money" objections.

I recently received this question:

A problem I face is: "How would you handle an objection based on not having enough money or time? These are the two I seem to get over and over. Thank you."

You are not the first to hear these objections!

Absolutely everyone who has ever come to me for MLM training has had to answer these objections from many prospects! These objections are what I call "common objections." Meaning you'll get them frequently. The reason they are common is because they are an "escape" for the prospect.

"Escape" from what?

Getting what they want. I know that seems odd - but it's the truth.

Let me explain this better.

By the way, this is fully explained with examples in my MLM training CD Professional Inviter. I highly recommend you study the section on handling objections. You are at such a disadvantage if you don't fully know this information.

Envision this - your prospect has something they want or need - more time, more money, a boat, a plane, new golf clubs, etc. Why is it a "want" or a "need" to them? Because they don't have it yet. Why don't they have it? Because they can't get it on their own - obviously so, otherwise they'd have it! They need someone to help them get it.

This is where it gets very interesting so read closely!

The "escape" they've used before (to themselves and others) is "I don't have ______." The blank is filled in with some "phrase" that has always given them an escape because truthfully they don't believe they can get what they want.

Since this seems a little weird, let me give you an example (unrelated to MLM).

I was helping a company write a post card ad for their personal fitness training business. They were trying to get new clients. I asked several questions and finally came up with this ad:

"Sure you can get in shape on your own - but why haven't you? Admit you need help! Whether its knowledge or discipline, something is obviously missing otherwise you'd have the body you want. Let me help you."

You see, a person who "wants" to get in shape "pretends they don't need help." But they obviously do! A person "getting" in shape is at the gym!

Now let me bring it back to MLM. A prospect says (in her mind as well as to you) that she wants a brand new car. Truthfully she doesn't really believe she can get it and she has proof she can't get it - because there is no new car in the driveway!

This lack of belief is what causes prospects to state something like, "I don't have time."

When I was brand new in my MLM business, I brought a prospect to an opportunity meeting where the speaker was making $40,000 per month. After the meeting I asked Jim if he was ready to get started and he said, "I don't have the time." That was the strangest thing I'd ever heard. Why was it that he had time to make $1500 a month, but he didn't have the time to make $40,000 a month?

That mystery is what caused me to realize that "no time" or "no money" are not the real objections. If a person really believed they could make $40,000 a month they would attack the business.

I was recently at a live MLM training event and someone came up to talk to me after I spoke and was telling me why they couldn't make the business work. All her problems had to do with not being able to properly talk with her prospects. I gave her some verbal solutions and she replied, "Wow that makes a lot of sense." I then told her about Professional Inviter, which teaches network marketers exactly how to effectively talk with prospects. Guess what she said to me? "I don't have the money."

Now - does she really believe she can learn to do the business? No! For the cost of a shirt or two in her closet she could solve the reason she's failing in MLM. Instead she would rather use her escape.

See how it works?

So, the way you really handle the objection is follow the objection handling remedy in Professional Inviter:

1. Listen completely through the question/objection.
2. Confirm understanding.
3. Make the question or objection valid to the prospect.
4. Handle or facilitate handling Questions and/or Objections.
5. Complete the handling and return to the previous step of the Inviting formula

The absolute key is step #4.

You do everything you can to facilitate handling the objection; instead of handling it for them. The prospect is one who decided on their escape - only they can remove it. I sincerely hope this MLM training tip helps you the next time a prospect tells you he doesn't have enough time, or she doesn't have the money.
About the Author
Tim Sales helps network marketers gain the skills necessary to be successful in MLM. His MLM training is based on his personal success of building a downline of 56,000 people. Instantly access Tim's free MLM training and learn the steps to achieve success at www.brilliantexchange.com/mlmtraining
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