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Posts Tagged ‘mlm’
MLM Opportunities – Is the Dream of Earning Long-Term Residual Income Still Attainable?

We’re starting to see a belief among some online entrepreneurs that MLM opportunities are dead.

The promise of long-term residual income is no longer there. People are jumping ship for other opportunities so fast that traditional MLM downlines are falling apart right and left.

Is there any truth to these beliefs? Let’s take a look at a couple of the comments we hear.

- people will continue to seek better deals, and this is only going to get worse

- continuous recruiting will become more necessary in order to keep the numbers up

Why are we seeing these things happening? Let’s look at how the dynamics have changed the nature of finding and keeping new distributors for our MLM opportunities.

Let’s talk about how MLM downlines were built in pre-Internet days. Most opportunity presentations were face-to-face local meetings, and if you signed up your sponsor was often someone you knew. It wasn’t unusual to have other friends you knew in the business.

In that day, something of a culture was created and it was easier to stay focused. There wasn’t a steady stream of new MLM opportunities at your fingertips all the time.

In MLM today, distributors are exposed to more new opportunities and greater temptation to switch to something else than ever before. It must be considered and dealt with.

Two things to help you address this:

- stay in touch with your downline and get to know them – build the relationship

- help them make money fast

Consider that last point. What do you think is the number one reason people jump from one business to another? I believe it’s a lack of making enough money to make it worth it. If you’re making respectable money from a business, or at least see your income steadily growing, you won’t be tempted to leave so easily.

Keep this in mind as a priority – help your new people to start making money right away. Most MLM opportunities have “fast start” bonuses for doing certain things. Focus on helping your new downline team members capitalize on those opportunities and start making some money as quickly as possible.

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Revealed! The 3 Biggest Mistakes People Make When Starting An Internet Business

Do you have a goal of starting an internet business? The advantages are obviousflexibility in time and location, lucrative potential, low startup cost etc etc. While those are all totally valid, they have also resulted in a flood of options and offers out there vying for your attentionand your money.

The resulting flood of business opportunities you could start means you have the difficult task of figuring out which will actually give you a reasonable chance of making any real moneynot easy for anyone without a lot of experience in the industry. To make it even tougher, most of them are not worth your time, money and emotional energy. However, there are a couple good ones, and you can use these 3 guidelines as a start to know what to avoid.

Here are the 3 biggest mistakes people make when starting an internet business:

1. They think its all about the Benjamins. I am fully aware that you cannot operate a business very long that doesnt turn a profit, and believe me, I am all for you making in a month what it used to take you a year to pull in. However, life and business are about a lot more than just money. The sad fact many people learn after they are highly invested in a particular venture is that you can make a lot of money and be totally MISERABLE. The point is to begin with the end in mind. Take the time to investigate what really goes into the business you are looking to build and then seriously consider whether you can find satisfaction doing those activities. Doing this before you start a business can help you avoid a lot of pain, frustration and wasted time in the future.

2. They put too much emphasis on the product. This is probably the biggest rookie mistake I see people make. It makes sense on the surface ” all we need to do is find the next big thing (ie fountain of youth, iphone, Wii etc), it will sell itself, and we can ride the gravy train to our own version of MTV cribs. Not so much. The reality is, I could drop the cure for cancer in most peoples front yard and they would have no clue how to market or promote it. Thats why its FAR more important to evaluate the marketing system you would use and its ability to train someone who has little experience. Aside from your personal ambition, this is the biggest factor determining whether you succeed in starting an internet business.

3. They are lured in by ground floor opportunities and startups. At first glance, this seems pretty logical too. Who wouldnt want to be in on the ground floor of a company that is going to take off!? Unfortunately, once the emotional high of getting in on the ground floor wears off, the vast majority of people are left with a company or product that is gasping for air on the verge of failing. This shouldnt surprise anyone since the vast majority of businesses fail, and the percentage of internet businesses that fail is even higher (think easy come, easy go). What people are really looking for is a company that is on the verge of explosive growth. Its not really that hard to tell if a company is gasping for air or ready to explodeif you know what to look for. This is part of what I cover in my complete home business success checklist (link below).

Starting an internet business can seem like a pretty daunting task, but there are great opportunities for people with little to no experience. However, keep these 3 pitfalls in mind because they are the most common mistakes I see smart people make over and over again.

People often ask me what else they need to know when starting an internet business. Since a lot of the concepts are counter-intuitive to what you think before studying this industry in depth, I put together a checklist of components you will want to make sure you have. Feel free to check them out belowignore them at your own business peril.

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Access to Free Webinar MLM trainings Each Week-Twitter-Google-YouTube

Stimulus package this, taxes that, is there no end to the doom and gloom that we are consistently bombared with each day? It seems the news is always reporting about people losing their jobs, house prices are falling, which do you want to believe?

Did you know that if the average American family just had another $300 each month, that would prevent 85% of all bankruptcies? Staggering figure….Only $300! There is an ever increasing number of Americans working from home, designing their own future rather than believing in Fox news channels daily dose of doom.

Quite simply, as many of you already know, working in a network marketing company or an MLM is more than just an option. Regardless if you are in ACN, Nu Skin, Herbalife, Amway, Zrii, or Monavie, we all know there is Lots of money to be made in this economy. And, many of us are making great money doing what we love.

What is the secret that 95% of new MLM‘ers miss? The answer is proper training and lack of automatic systems. If you are not making at least 5-figures each month, I can tell you that your training and your systems are not in place. Better fix that quick or you will end up as another statistic saying that MLM does not work.

We are all familiar with Web 2.0, but do you really know how to use all of the tools on the internet that will take your MLM to new heights? Social media, social bookmarking, articles, blogs, and RSS feeds are just a few of the tools that you Must learn if you wish to create a $10k per month income in your MLM.

Twitter, as you may know, is one of the most powerful tools on the internet today. Do you know how to properly market without barfing on others and ruining your relationship before it starts? Most people don’t. Because of this, several accounts are being closed for spamming. Don’t let this happen to you, get educated on proper etiquette.

If done properly, you can utilize the power of the Internet and web 2.0 and do away with the old school techniques that your upline tried to teach you like, three-way calling, meetings and flyers. You must be on the cutting edge of technology or you will be left behind and lose money everytime.

Implement your systems Now to attract all the customers you want. Let your system sign them up and you will prosper. If you miss this point, you will quickly become a statistic in the Internet world.

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