Why should anyone choose MLM as a Business Opportunity? The simple reason is that a MLM (Multi Level Marketing, aka Network Marketing) Business, is probably the most lucrative business opportunity in the world today. It creates more millionaires every year, than any other industry.
Anyone can get started in MLM with an initial start-up fee of around $400 or less, depending on the company you choose to join. The most important thing however, is the amount of money you can make from succeeding in a multi level company, compared to your cost of joining.
Like everything in life, starting your network marketing business does not guarantee that you will succeed. In fact, the failure rate is extremely higher than the success rate. Most members quit in their first 3 months of joining.
The reason why most people quit at an early stage is because they have the mentality that MLM is a “get rich quick” program, so they expect immediate results. Multi level marketing is NOT a get rich quick system. On the contrary, you need time and a burning desire to be successful. A big factor for failure is that due to the low cost of the start-up fee, people tend to NOT treat this business seriously.
A lot of people refer to Network Marketing as “pyramid” schemes, where only the members at the top make all the money.
So, do multi level marketing companies work on a pyramid based scheme?
My personal view to that is “Yes”, but isn’t almost every organization based on this same method?
What difference is there to any corporate organization? The man at the “top” is always earning much more than the guy at the other end. The difference here however, is that in Network Marketing, everyone starts at the bottom, and anyone can reach to the top. In some compensation plans of multi level companies, it is very common where someone earns more money than the person on top of him.
One of many reasons why I give a big “thumbs up” for anyone to choose MLM as a business opportunity, is because the people involved in these companies have a positive attitude. They are optimistic and energetic, and are always finding ways to improve themselves. If you want to feel this positive energy, you need to be around these kind of people and remove yourself from negative crowds.
In the corporate world, employees and managers alike, seem to be at war all the time amongst themselves, fighting for that higher position that would bring them that extra increase in salary.
In MLM companies, the members help each other, since if you perform well and get results, then your sponsor will benefit, and his sponsor, and so on. Therefore you never feel left alone, unless of course it is your choice. Team work is the key to success in multi level organizations.
Nowadays there is a growing debate as to whether when you choose MLM as a business, you should leave the “old school” marketing method, and move on to other sources of marketing such as the internet.
The old school method, being that you should write down your list of family members, friends, and any other people you have any contact with in order to sell your products, and/or recruit new representatives.
My personal opinion is that you should use BOTH methods.
Before you can pass on information via the internet concerning your MLM company and its products, you need to “experience” the advantages but also the difficulties someone might face by using the most common “old school” methods.
To conclude, having your own Network Marketing business is a great way to become an entrepreneur and be your own boss. With a lot of work and self desire, you can generate a passive but also a residual income, where you will continue to benefit from work that you have done before in the past.
If you choose MLM as a source of income, you control where and when you work, and once you receive a substantial residual income, you can work less hours, or even completely walk away, but still be paid residual income each and every month.
A wake up call to finally 'let go' and 'be yourself'
What would you do if you found a 'money tree' as you were walking by?
Why we make leadership bigger than what we are