In this post we are going to explain you exactly how MLM works and what is needed for you to succeed, so you can see if this is for you or not, without all the extra hype that you will usually see in any MLM presentations.
There is no doubt that some people, make a lot of money with MLM. The only doubt is if YOU have what is needed to succeed and, most important, if YOU are willing to do what is needed to be done in order to build an extra income in MLM.
Let’s first understand how MLM works.
The MLM business Model.
In the MLM business model, a company sells its products directly to the end users through distributors (instead of having the products being sold on supermarkets or stores) .
Each distributor can bring new distributors, thereby forming a network of distributors. Distributors earn a profit based in both direct sales to final user and the sales of the distributors in their network.
Distributors are trained by other distributors, and one of the great things inside MLM industry is that you will have the most successful people training you if you managed to get into the correct team / company.
What are the advantages of building a MLM Business ?
Well, first of, unlike openning a business of your own which can be very expensive, you don’t need a lot of money to start or maintain your MLM business.
You can start earning some money almost instantaneously (depending on your company and pay plan requirements).
You can create a residual passive income. This is done by creating your network of distributors and customers. Each time someone of them buy/sell a product you earn a commission.
Imagine that you build a network of 50 people and that you earn an average of $10 a month on sales of each of your distributors. This will represent an extra $500 of income whether you work for it or not. Are you starting to get the point ? Big MLM Distributors usually build networks of thousands of people and make real big $$. This is what we called leverage.
Last but not least, is that you will be able to stop working on your MLM business and still make an income after you become successful. actually this is the most important advantage for me . Imagine that you will be able to retire from your MLM business in 5-10 years…. This can be at age of 35 or 40 if you start at your 30’s (or even earlier).
Imagine the freedom of having a nice income flow and all the time in the world to do what you want to do, without the restrictions of a JOB.
Can YOU be successful in MLM ?
Well, if you ask almost every distributor he will swear that you absolutely can, but the truth is that it depends on two kind of factors:
External factors: like finding a good MLM company (read more on how to choose your mlm company) and get the correct system (e.g how you sell the products and build your team), etc.
Internal factors : These are by far the most important factors and they are :
1) Your willingness to learn: There are a few skills that you will need in order to be successful in MLM, but almost everything can be learned (if your brain is bigger than a peanut!). The best way to be successful in MLM is to find someone who is already having success and to do exactly the same.
2) Passion to succeed: No matter how good you are, you are going to face some difficulties. You will need to go outside of your comfort zone because this is where you grow and learn new skills. This is where a lot of people break and quit MLM. You will need a huge desire and a lot of passion to overcome the hard days in your business when things will not go as smooth as you want.
What they will NOT tell you about MLM
A lot people will try to make you believe that it will be easy to succeed on MLM. Well, actually it is easier than working on a 9-5 job for 30 years, but it’s far from easy money. If you want to succeed you will need to learn new skills and work hard. This is a business, not money from heaven.
Will MLM be worth for you?
I think that you should decide for yourself .
My belief is that MLM is by far, not only the best way to make money, but also the best way to live! This is because the more people you help to succeed, the more money you will make in MLM.
Or as quoted by Zig Ziglair:
“You can have everything you want if you help enough people to get what they want”
If you are not sure whether this is for you, feel free to contact me and I will try to give you the info you need in order to get the best decision for you.
To your success!
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P.S: This is the first in a series of posts that I will be posting in the upcoming days on how to succeed in MLM. In order to get the next posts subscribe by RSS or put your email in the sidebar form (where it says “50 leads a day”).
P.S.2: Don’t forget to share this post with your friends and comment below.
P.S.3: If You are in MLM and you do don’t feel that your upline has a clear vision on how to make you succeed, Check This Out.