Is success possible in network marketing (MLM)? Many say it is a rip-off. And if you talk to someone who has been burned by a bad company or sponsor, you will hear a lot of negative things. And it is true that there are bad companies out there and many distributors who are playing the "numbers game" and making quick money off new sign-ups.
But-- listen to me-- there are tons of people who are making many thousands and even millions of dollars a year in network marketing (MLM). They work for legitimate companies who make quality products and they care about their distributors who sign up with them.
Network Marketing can be a wonderful opportunity for the average person to break out from the job market rat race they are caught up in. If you can't sell, don't worry. It's not a sales business, and often good "sales people" don't do well in MLM for very long. It's really a teaching business (which is why teachers and ministers often succeed better than most in network marketing.)
I can show you the basics on how anyone can succeed in network marketing!
Start with these few simple rules:
1. Find a good company and a good sponsor.
Spend some time researching the company, the products, the distributors and the upline before you sign up. A good company, one that will support you and that matches you and your interests is hard to find. When you do find the right one, grab it and hold on with both hands.
2. Use and believe in your company's products.
Order the best products from your company that you can afford every month. If you are not doing this, you are really not willing to invest enough in your business to succeed. You need to have a personal testimony about your products and what they do for you. You can't have one if you don't even use your products. And you can't expect anyone to order them if you don't.
3. Tell everyone around you what you are excited about.
You might be surprised to find out who is interested in hearing more.
If you've been struggling in MLM for a long time and have burned out your circle of friends and family, that's OK. Let them know what you are doing, but don't bother them more than that. Let them come to you when they see you are doing well. There are many other ways to find people to talk to, so you don't really need to talk to anyone who isn't interested.
4. Commit to stay with your company and work at this as a real business.
(Do you see now why it is so important to find a great company with great products?)
Did you know that the odds of having a new traditional business succeed for 5 years are less than 95%?
But if you stay with the same network marketing company for 10 years you will have a 95% chance of reaching the highest level of your company’s compensation plan, which is usually at least $500,000 annually. That sounds like a pretty good retirement plan to me.
And that is just for the average Joe. Many hardworking distributors in my company are doing that in just a year or two.
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