Any MLM business opportunity worth considering will either have a track record that you can investigate and evaluate or it will have a clear statement of the plan, the potential, and the up-front costs.
Before investing any time or money in a specific MLM business opportunity, there are some questions you should consider first.
How long has the business opportunity been in business? Before investing time and money in marketing an MLM business opportunity, it is important to determine how long it has been operating.
If it is a new concept that has not been proven in the marketplace, you have no assurance that it will even work.
Does the company have a fixed address and phone number? This may seem obvious to you, but the fact is, thousands of companies operate with nothing more than a website and an email address.
Many of them are here today and gone tomorrow. Make sure the business you intend to deal with has a fixed address, physical location, and established phone number.
Does the MLM business opportunity have some successful members you can talk to? Most business opportunities will show you testimonials. But these are often untrustworthy.
They could even be completely fabricated. Ask the owner of the business for names of real people you can talk to. Call them on the telephone and ask them to share their experiences with the program.
This will not only provide you with valuable first-hand information about the program, but it will give you a list of advisors who might be willing to help you along the way.
How much initial investment is required? In many cases a proven MLM business opportunity with a successful track record will involve some kind of initial investment.
You should not assume that a business opportunity that is free to join is a better investment. Usually a free-to-join business will involve other costs such as marketing and advertising fees. Just keep in mind that nobody gives away “opportunities” for free.
What you have to determine is whether a specific MLM business opportunity has a successful track record, is managed by honest people and offers you a realistic chance of actually making some money.These are the things you must weigh against the entry costs.
What is the realistic income potential of the business? Have a careful look at the numbers and projections provided by the business opportunity. Then talk with actual members who are using the program to determine if they have been able to turn those numbers into reality.
Are there extra fees such as yearly or monthly subscription fees, shipping costs, or minimum purchase requirements? Make sure to get a detailed list of all the fees involved in operating the new business. These things may not seem significant now, but they can easily eat into your profits later.
How much control of your new business will you have? Be clear on who owns the business, and who controls the way it is developed and marketed. You may want to diversify your product offerings in order to avoid being at the mercy of a "head office.
The MLM business opportunity should require low initial investment and have high profit potential both in the short term and in the long term. It should allow you to build a profitable business of your own that will be a source of income far into the future.
Saturday, February 18, 2012
Unsuccessful in your MLM business?
The MLM business can easily double or triple your cash. Provided that you do not fall first in either one of the common mistakes done by error-prone MLM business producers and distributors.
1. Avoid MLM business groups that offer commission-based compensation among distributors. There is a big possibility that it is an illegal pyramid.
The act of alluring people or business finders to enter an MLM business group has been an ordinary day-to-day street transaction among business-minded people. There are those people who will explain first the benefits that you can get from their group.
But the reality is that they will just reverse what they had said. Believe me, it may not always be the case but beware still. The only assurance you got here is your having a job. But your assurance of getting paid evenly or squarely is diminishing. You can be paid still, but until when?
2. Avoid MLM business groups that oblige the new distributors to buy expensive products or any materials that the group offers. This might be another sign of potential danger.
It always pays to be nice. But some nice people are sometimes not at all nice. It is not always the case.
The truth behind is that there are pyramid groups that force their newly entered distributors to purchase the expensive products or materials. Fake pyramid groups always have at the back of their minds the amount they could get. Sometimes it turns to be something from nothing.
Take this friendly advice; find ways to quit that group.
3. Do not heed what the pyramid promoter is promising that you can have more money through continued help in recruiting more distributors.
This is another clear sign of your being a victim of illegal MLM business. The bottom line here is work with just compensation. They might just be using you for their personal interest.
4. Some distributors do not give enough time or attention to their MLM business.
This is important. Some people are joining the group half-heartedly. But take note, it will count days or months to build an elevating career in MLM.
5. Some MLM operators take the business reluctantly as if its status will not able to decline in time.
Each member of the MLM business group must work hand-in-hand to sustain the set objectives of the group. This practice is not just recommended. It is a must to follow. But doing the otherwise will lead the path towards business failure.
6. Not realizing why you are operating the MLM business.
You may realize suddenly that you do not have a definite target or objective in your business. It might be a reality that some are born as invalid plan setter.
Early from the birth of your MLM business, you should have already realized the reasons why you are driving the business. Recovery from money problems of the business is not like counting 1, 2 and 3. Setting your business objectives is the keyword.
7. Have a well-established commitment to work and duty.
There is no better time to start moving than now. Product distributors must attend to their respective assignments. One cannot make the MLM business grows by just merely looking at it.
Be committed to you work. Have time to pinpoint your MLM business weaknesses so you can catch-up for any committed mistakes.
1. Avoid MLM business groups that offer commission-based compensation among distributors. There is a big possibility that it is an illegal pyramid.
The act of alluring people or business finders to enter an MLM business group has been an ordinary day-to-day street transaction among business-minded people. There are those people who will explain first the benefits that you can get from their group.
But the reality is that they will just reverse what they had said. Believe me, it may not always be the case but beware still. The only assurance you got here is your having a job. But your assurance of getting paid evenly or squarely is diminishing. You can be paid still, but until when?
2. Avoid MLM business groups that oblige the new distributors to buy expensive products or any materials that the group offers. This might be another sign of potential danger.
It always pays to be nice. But some nice people are sometimes not at all nice. It is not always the case.
The truth behind is that there are pyramid groups that force their newly entered distributors to purchase the expensive products or materials. Fake pyramid groups always have at the back of their minds the amount they could get. Sometimes it turns to be something from nothing.
Take this friendly advice; find ways to quit that group.
3. Do not heed what the pyramid promoter is promising that you can have more money through continued help in recruiting more distributors.
This is another clear sign of your being a victim of illegal MLM business. The bottom line here is work with just compensation. They might just be using you for their personal interest.
4. Some distributors do not give enough time or attention to their MLM business.
This is important. Some people are joining the group half-heartedly. But take note, it will count days or months to build an elevating career in MLM.
5. Some MLM operators take the business reluctantly as if its status will not able to decline in time.
Each member of the MLM business group must work hand-in-hand to sustain the set objectives of the group. This practice is not just recommended. It is a must to follow. But doing the otherwise will lead the path towards business failure.
6. Not realizing why you are operating the MLM business.
You may realize suddenly that you do not have a definite target or objective in your business. It might be a reality that some are born as invalid plan setter.
Early from the birth of your MLM business, you should have already realized the reasons why you are driving the business. Recovery from money problems of the business is not like counting 1, 2 and 3. Setting your business objectives is the keyword.
7. Have a well-established commitment to work and duty.
There is no better time to start moving than now. Product distributors must attend to their respective assignments. One cannot make the MLM business grows by just merely looking at it.
Be committed to you work. Have time to pinpoint your MLM business weaknesses so you can catch-up for any committed mistakes.
No two people are alike in the MLM business
But there are some shared personality traits that are common to those who have started and operated in MLM already.
One of the most common personalities inherent among MLM business people is their entrepreneurial spirit.
What are some of these traits that make up an MLM entrepreneur?
Self-starter.
Self-starters are the type of people who do not just sit around thinking about something over and over again. Yet no action is taken to get things done. They decide on what needs to be done and simply do it.
Take this example. You are in need of your own MLM website but income limits you from just hiring a web design company to make that site. As a self-starter, you would go to work about gathering all the information pertinent to web design and development.
Then you would develop and design your site. In the end you would have a website that you have developed yourself.
One vital trait of a self-starter it to know their strengths and weaknesses and be able to accept them.
Self-motivated.
The self-motivated MLM individual has a lot of motivation and drive. Because each person is a unique being, one person's motivations may be different from everyone else's.
For example, your motivation for starting your MLM business could be to earn $500 or $1,000 per month or $10,000 or $20,000 per month. Or it could be that you want to home school your kids, and that requires earning an income working from home.
Your level of motivation to a large measure will be dependent up on your purpose and level of commitment. It depends on how big your dream is.
Creative.
The creative individual has a lot of great ideas. They are usually able to come up with good ideas and problem solving solutions. Many of their ideas are often the results of listening and observing other business that is related to MLM.
They focus on finding solutions, rather than dwelling on the challenges.
For example, if you have a limited advertising budget, you would get to work finding all the available free advertising avenues instead to thinking over and over how limited your budget is.
Your creativity would result in expanding your MLM advertising program. You would also have the knowledge from research. Thus, resolving the problem and creating an additional income.
Self-disciplined.
The self-disciplined individual is one who does not need someone standing over. Or having someone tells them what, how and when to do. They do not need anyone telling to get something done. They are able to determine what needs to be done, then set aside time to do it.
An MLM business may fail, many do first time around. But the self-disciplined individual does not accept that they are a failure. They simply learn from the mistakes and use them as a tool to attain success.
As an entrepreneur in MLM you should be able to adapt. You will find yourself playing different roles such as: marketer, promoter, public relations, motivator, sponsor, Webmaster...and so forth. You are not afraid of chance and are opened and flexible to them.
Successful businesses are not built over night but over time. As a MLM entrepreneur you are willing to go the extra mile, put forth the time and effort needed to build a successful business organization.
One of the most common personalities inherent among MLM business people is their entrepreneurial spirit.
What are some of these traits that make up an MLM entrepreneur?
Self-starter.
Self-starters are the type of people who do not just sit around thinking about something over and over again. Yet no action is taken to get things done. They decide on what needs to be done and simply do it.
Take this example. You are in need of your own MLM website but income limits you from just hiring a web design company to make that site. As a self-starter, you would go to work about gathering all the information pertinent to web design and development.
Then you would develop and design your site. In the end you would have a website that you have developed yourself.
One vital trait of a self-starter it to know their strengths and weaknesses and be able to accept them.
Self-motivated.
The self-motivated MLM individual has a lot of motivation and drive. Because each person is a unique being, one person's motivations may be different from everyone else's.
For example, your motivation for starting your MLM business could be to earn $500 or $1,000 per month or $10,000 or $20,000 per month. Or it could be that you want to home school your kids, and that requires earning an income working from home.
Your level of motivation to a large measure will be dependent up on your purpose and level of commitment. It depends on how big your dream is.
Creative.
The creative individual has a lot of great ideas. They are usually able to come up with good ideas and problem solving solutions. Many of their ideas are often the results of listening and observing other business that is related to MLM.
They focus on finding solutions, rather than dwelling on the challenges.
For example, if you have a limited advertising budget, you would get to work finding all the available free advertising avenues instead to thinking over and over how limited your budget is.
Your creativity would result in expanding your MLM advertising program. You would also have the knowledge from research. Thus, resolving the problem and creating an additional income.
Self-disciplined.
The self-disciplined individual is one who does not need someone standing over. Or having someone tells them what, how and when to do. They do not need anyone telling to get something done. They are able to determine what needs to be done, then set aside time to do it.
An MLM business may fail, many do first time around. But the self-disciplined individual does not accept that they are a failure. They simply learn from the mistakes and use them as a tool to attain success.
As an entrepreneur in MLM you should be able to adapt. You will find yourself playing different roles such as: marketer, promoter, public relations, motivator, sponsor, Webmaster...and so forth. You are not afraid of chance and are opened and flexible to them.
Successful businesses are not built over night but over time. As a MLM entrepreneur you are willing to go the extra mile, put forth the time and effort needed to build a successful business organization.
Come and take the home-based MLM business opportunity ride
Is it possible to enter into a home-based MLM business opportunity over the Internet? Why not? The “yes” will answer you right in front of your face. Everything is possible with the participation of Internet especially in the modern business transactions.
But is home-based MLM business opportunity feasible and profitable? How can one succeed in this kind of business?
Are you ready to take a ride into the four-step procedures toward a successful home-based MLM business?
Here they are:
Step number 1. Recruit First
Why do you have to recruit first instead of doing other things?
Home-based MLM business opportunities are network marketing. It is composed of uplines and downlines.
Uplines are independent representatives who recruit another independent representative which they will use in the direct selling of goods and services to customers. Put simply, the recruiter is the upline. They get their commission on the sales of the other independent representatives.
On the other hand, the recruited independent representatives are the downlines. Home-based MLM business opportunity is a commission-based joint effort of uplines and downlines.
That is the main reason why both uplines and downlines must work together. Without the other, the whole business force will be paralyzed. It will not function.
What does this mean? Both parties share the same level of importance or significance to the group. Try to imagine a home-based MLM business opportunity without uplines and downlines? It does not seem right, isn’t it? You’re going to have these four (4) “NO”:
If you do not have recruited independent representatives or if they are not working effectively, there will be no income, no consumption of products and services, no one to market the products and services and no one will cater the customers.
Step number 2. Maintain the minimum sales required.
Home-based MLM business opportunities are so simple yet requires careful analysis of the sales income. You have to be a mathematician on this part to be able to tally your expenses and revenues.
Everyday, independent representatives market the products and services. So make it a habit to tally the income entering everyday and the expenses leaving every hour.
Step number 3. Monitor the consumption of products and services.
Check your inventory. There is no further explanation needed as it is stated clearly enough. This simply means maintaining the minimum stock of products available to avoid having an empty or void stock.
Step number 4. Train your downlines regularly.
In every field, learning is always a requirement. Even if you are a teacher, you still need to study and learn.
The thing here is to have a constant training schedule for the downlines. Study shows that a well-instructed downline creates a big difference than the downline with stagnant information in mind.
Constant study really pays at the end. Some of the recommended topics are proper customer treatment, how to communicate effectively, business ethics, and everything that is needed to help them as well as your home-based MLM business.
If you have already taken into account all the procedures needed to have a successful home-based MLM business opportunity, you are now ready towards establishing that career path.
The formulas are already in your hands. All that is needed now is to get it into effect. The only thing missing to complete the home-based MLM business opportunity is you.
But is home-based MLM business opportunity feasible and profitable? How can one succeed in this kind of business?
Are you ready to take a ride into the four-step procedures toward a successful home-based MLM business?
Here they are:
Step number 1. Recruit First
Why do you have to recruit first instead of doing other things?
Home-based MLM business opportunities are network marketing. It is composed of uplines and downlines.
Uplines are independent representatives who recruit another independent representative which they will use in the direct selling of goods and services to customers. Put simply, the recruiter is the upline. They get their commission on the sales of the other independent representatives.
On the other hand, the recruited independent representatives are the downlines. Home-based MLM business opportunity is a commission-based joint effort of uplines and downlines.
That is the main reason why both uplines and downlines must work together. Without the other, the whole business force will be paralyzed. It will not function.
What does this mean? Both parties share the same level of importance or significance to the group. Try to imagine a home-based MLM business opportunity without uplines and downlines? It does not seem right, isn’t it? You’re going to have these four (4) “NO”:
If you do not have recruited independent representatives or if they are not working effectively, there will be no income, no consumption of products and services, no one to market the products and services and no one will cater the customers.
Step number 2. Maintain the minimum sales required.
Home-based MLM business opportunities are so simple yet requires careful analysis of the sales income. You have to be a mathematician on this part to be able to tally your expenses and revenues.
Everyday, independent representatives market the products and services. So make it a habit to tally the income entering everyday and the expenses leaving every hour.
Step number 3. Monitor the consumption of products and services.
Check your inventory. There is no further explanation needed as it is stated clearly enough. This simply means maintaining the minimum stock of products available to avoid having an empty or void stock.
Step number 4. Train your downlines regularly.
In every field, learning is always a requirement. Even if you are a teacher, you still need to study and learn.
The thing here is to have a constant training schedule for the downlines. Study shows that a well-instructed downline creates a big difference than the downline with stagnant information in mind.
Constant study really pays at the end. Some of the recommended topics are proper customer treatment, how to communicate effectively, business ethics, and everything that is needed to help them as well as your home-based MLM business.
If you have already taken into account all the procedures needed to have a successful home-based MLM business opportunity, you are now ready towards establishing that career path.
The formulas are already in your hands. All that is needed now is to get it into effect. The only thing missing to complete the home-based MLM business opportunity is you.
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