Updated 19th June 2019
The Multi Level Marketing –
Scheme or Dream
The reality of the highly debated business model known as Multi Level Marketing.
What is multi level marketing – Multi-Level Marketing (MLM) is a very highly debated topic. Ask one person and they will say its all a complete scam. Ask another person and they will say its the greatest thing in the universe. One person will say, “MLM didn’t work for me” and the next will say, “I made millions from my MLM business!”
Well, here is the truth behind Multi Level Marketing…
MLM in and of itself is not a scam, scheme, or anything of the sort. It is a very legitimate and powerful way to do business. In fact, almost every business has at least some aspects or resemblance of an MLM, whether they admit it or not.
The problem is that people have a tendency to believe that joining an MLM opportunity is some sort of magic thing where they will not have to do very much. They can just sit on their butt and get rich in just a couple of weeks. When that doesn’t happen they tell everyone they can just how much of a scam every MLM in the world is.
The reality is that if they would have just spent as much time actually putting effort in to their MLM business as they did bashing it afterward, they probably would have made a lot of money.
These days most people have a negative view of multi-level marketing simply because they do not understand it, or they don’t fully give it a chance. They just listen to someone they know who says, “MLM doesn’t work”.
No business in the world, MLM or otherwise, “works” or “doesn’t work” ….it is the business owner that has to put in the proper time and energy needed to make it work.
With that being said you do still need to be careful and do your due diligence before joining an MLM business or any other “opportunity” of any kind. Why? Because there are so many people out there with pyramid schemes who are just looking to make a quick buck off you by scamming you.
Just remember… if you do have a bad experience… it was not “Multi-Level Marketing” that was the to blame. Instead it was most likely that particular company, or lack of effort, or an individual scam artist, or something else along those lines. You can be sure that MLM in general was not the problem!
So remember… MLM is not a scheme, it is a very pleasant dream! A dream that will come true if you are willing to pursue it with dedication and commitment.
MLM Opportunities Home Based Business
If you are considering an MLM as a home based business it could be a very lucrative home based business option for you. But you should also know exactly whether or not what you are getting into is truly an MLM home based business or a pyramid scheme. Plus, you need to weigh out the positives and negatives of an MLM home based business before you decide that it’s the right business for you.
Making sure you are actually getting involved in an MLM home based business, or multi-level marketing home based business is important to save yourself some difficulties later. An MLM home based business involves the direct selling of products or services through the recommendations or endorsements of independent representatives.
So, if you are the representative, you receive a commission on any sales that came from your endorsements. Also understand that most products sold through an MLM home based business are not necessarily advertised through mainstream media or in stores.
Legit Work At Home Jobs For –
Multi Level Network Marketing
The confusing part of determining if your MLM home based business is legit is that there are a number of pyramid schemes out there that are dangerously similar to legitimate MLM home based business concepts. Remember, a pyramid scheme is illegal, and getting involved in one can cause you more trouble that its worth.
You really need to do your research into any MLM home based business that you’re considering so that you’re sure the MLM home based business you’re going to run is valid and legal. Usually if your investment is proportionate to the product or service you are selling, your MLM home based business will probably be valid.
There are a number of advantages to having an MLM home based business. First of all, you will be working from home where you can virtually set your own hours, which is probably why you are considering an MLM home based business in the first place.
Also, you will not have to manufacture any products, because you are usually selling things that are already made, and the MLM home based business will usually come with a pre-determined marketing plan.
Many people suffer through the process of determining the most effective methods for marketing their products, but with an MLM home based business, you are relieved of that stress.
The disadvantages of having your own MLM home based business, though, depends a bit on your personality. If you have good leadership skills and are a self-starter, then an MLM home based business will pose little hardship to you.
However, if recruiting and selling gives you nightmares, then starting and maintaining an MLM home based business may be more of a challenge, since your success depends on your ability to create a downline of recruits. You can do this via an Optin List and emails.
Still, having your own MLM home based business means that you can live out your dream of being your own boss and having flexibility in your work schedule. You do not need any prior experience, and you can rely on your personality to recruit and maintain your downline.
Still, do your research to make sure your MLM home based business is a legit and legal business so that you can truly enjoy the freedom that the MLM home based business offers.
Lets finish this article with…
Mistakes to Avoid In An MLM Business
For the many people new to the MLM business, or for veterans who have yet to realize success in the industry, recognizing and correcting four detrimental yet commonly made mistakes can make all the difference. Today, we will look at some of the mistakes many in the MLM business make and what you can do about them.
The first mistake practically everyone makes in this industry is trying to sell. We are in the teaching and mentoring business. If we are doing this right, we are building relationships, not trying to get people into our deals.
People can feel the difference when you’re talking to them and trying to sell them. They don’t like it. Neither do you! You don’t like to be sold, and you don’t like the feeling you get when you’re trying to sell something. It doesn’t sit right deep down inside. So stop it! Build relationships, and success will follow. That is key!
Not checking the background of your company leadership to make sure that they have MLM experience, with integrity, is another mistake. Why does this matter, you ask? Well, do you want to build this once, build it big, and build it for your children’s children? Then you better make sure that the people running it know what they’re doing and respect the guys and gals in the field who are building it.
The best way to do this is to read your company’s policies and procedures. Some of the things you will find there will make you scream! When you read them, you’ll realize who you are really building the business for and it’s not you! Please, please, read the policies and procedures!
Not knowing how many people it takes to earn the income you want is a huge blunder. Do you want to make $10,000 every month? Okay, then how many people in your organization does it take, on the back end, to make your goal? How doable is that? Are you having trouble just keeping 10, 20, or 30?
In most compensation plans to make $10,000 a month, you would need anywhere from 1,600 to 5,000 people, depending on how your plan is set up. How doable is that when you can’t even keep 30?
I know of a compensation plan out there that requires less than 400 people to make $10,000 monthly. How much easier do you think it is to keep people in that plan? Pretty easy, I’d say. So make sure you know the numbers, then crunch them to see how doable it is for you.
The final mistake that many MLM distributors make is going after their friends and families. Unfortunately, a large majority of companies out there employ this “technique” as their primary source of lead generation. Ouch!
Let me just tell you from personal experience that your “warm market” is the coldest out there! If you’re in a company where this is the primary source of lead generation, you are in for a hard time, my friend! This technique does not work.
The best leads are the ones you generate yourself, and if your company, team, or upline doesn’t have a system in place to do that, it’s going to be very tough.
These are just a few of the mistakes many people make in a MLM business, but with some basic skills and a good system in place, these mistakes are avoidable. If you are having difficulties, take a good look at these mistakes and see if you’re not making one of them in your own MLM business.
How To Start An Internet Marketing Home Based Business
Before I finish let me point you in the direction of a great program where you can get fantastic training and free websites to get you started building your MLM empire.
All you need to do is click on this link and you’re taken to a web page with lots of information to help you decide whether MLM is the way for you to earn an income from the internet from home.
I wish you nothing but success and please do visit my site again for more tips and advice on working from home.
One thing more, could you spare a couple of minutes and leave a comment below with you own thoughts on marketing online, or just working from home in whatever area that interests you.
Have a great day folks.