Are you ready for a MLM Business?
Last week, one of my friend invited me for a Multi-level marketing (MLM) presentation. This is my 5th visit to this kind of MLM opportunity talk.
Personally, I used some of their good products, however, I have never really a hard-core MLM to a point that I would promote the business setup and start recruiting others to join.
I have neither objections nor strong support of MLM.
However, I would like to share my thought on multi-level marketing (MLM), also known as network marketing.
If you say to someone that you’re in MLM, you’ll get one of two reactions: They either love MLM themselves and buy into the business model, or they hate it. Those who love it see the potential upside. Those who hate it have either been burned in the past or are sick of friends hounding them with a “new business opportunity.”
The main reason is that, although MLM companies do offer a variety of products (usually good products at reasonable prices and sometimes higher price compare to major hypermarkets), many MLM marketers see the possibility of making more money with their "downstream" (the people they sign up who will sell products and share a cut of the profits) than with actually selling products. And, for the most part, many MLM companies spend more time encouraging their new recruits to build the downstream rather than sell products. I would said 90% of the time, they will start with recruiting member then only tell you about their products.
I know people who have not been successful with MLM. And, I know people who earn a living (not "get rich quick" but actually earn a living) with MLM. Frankly, the ones who were not successful tried to do it as a sideline to their regular job and spent more time trying to find additional recruits. The ones who earned a living – who were successful – did so by not placing such a priority on the downstream and rather spent their energy and focus on selling products.
And if that’s the case – if the successful ones are the ones who are selling the products, not building a downstream – then they are simply independent sales people with a catalogue of products. But success with that method requires some sweat.
The Actual Fact
- The failure rate is extremely high, something like 99.8%.
- The ease of start-up can cause people to get into several MLM companies causing a lack of focus and makes the person far more likely to fail.
- Hard to distinguish a legitimate company or opportunity from a scam. Read up this guide to identify MLM SCAM.
- High chances to lose your friends and family. They may not at all understand what you are trying to accomplish. Hopefully, you will get very helpful support from others, but realize that they may not support you at all, no matter how dedicated you are!
- A lot of promises and inaccurate “get-rich quick” claims. When success doesn’t come quickly, a person may be more likely to quit and join another MLM opportunity.
Credit for Ninie Yahya
Our Advice
If you are looking at MLM opportunities, be aware that your success will be measurable only if your primary focus is on selling products, not on finding friends and family to sell products for you.
If you really want to earn extra income in a proper way, just get yourself some part time jobs @ AsiaPartTime.com. I am sure you will find it. Before you apply any job, read up our community guide on identifying a scam part time job.
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Yes.Very true indeed.But in the end,if you dont work,there will be no income.Same thing applies to any job out there.Its just that the MLM application is different compared to others.MLM gives you the opportunity to make it big while your boss does not make you rich.My friend once said,you work 9 hours a day for many years and get promoted to CEO.Now you as CEO work 14 hours a day.Think about it…
The most important part of MLM is this: Do the products move? If they, and the payplan works, then the MLM business has a chance of working.
I feel the right MLM company will have a good backing, so people can trust what they are going into. There’s far too many ‘pie in the sky’ Network Marketing companies nowadays who I wouldn’t even bat an eye lid too.