What is an MLM Opportunity?
MLM, or multi level marketing opportunities, are business models that allow you to make money based on the number of people you sign up or the amount of products you sell. In other words, it is a business arrangement that will let you earn commissions, much like an affiliate program. The amount of rewards you get will be commensurate to the volume of business that you generate for your partner company.
Multi level marketing opportunities will give you the advantage of unlimited earning potential. In other words, the compensation you receive will be in line with the value you have created for the company. There is no real cap on what you can earn, for the most part, just the limits that you create for yourself. If, for instance, you can exceed your sales or recruiting quotas on a regular basis, then you can expect bonuses and high commissions as a matter of course as well.
MLM Opportunities Make For Great Home Businesses
What makes MLM opportunities a great home business is that they are designed to be worked on for as much or as little time as the person involved might decide. This means that you can work on your MLM venture for as little as an hour each day, or perhaps ten hours a day. It can be a full-time venture or a part-time job, depending on your inclinations.
Additionally, MLM opportunities allow you to create streams of residual income. Residual income is defined as income which you earn due to a one-time effort, not persistent and regular efforts. Examples would be the royalties that come from a bestselling book, or perhaps a popular piece of music. Residual income is the type of income that one needs in order to become truly wealthy, as it requires little or no additional effort on your part, yet continually provides you with cash. In an MLM example, having recruits or downlines will pretty much ensure that you earn a certain amount each month.
Another reason why MLM opportunities make great home businesses is because they typically require only a small amount of money to start-up and maintain. An amount of fifty to two hundred dollars is often enough as seed capital for an MLM business. Only a very minimal amount is needed to maintain the business on the months and years afterwards. Contrast this with starting a business of your own, which might require thousands of dollars. Obviously, this sort of business arrangement is tailor-made for individuals who have little money to spare.
Whatever the case, MLM opportunities are an excellent source of income for those who do not exactly have the luxury of excess time or energy. If you are reasonably ambitious and believe that you can sell worthwhile products, there is no reason why you should not enter an MLM venture.
Monday, January 26, 2009
Network Marketing MLM Genealogy Leads; Why And Why Not?
Working MLM genealogy leads can be an effective method of building your network marketing business. This is because one of the biggest hurdles that you face in recruiting has already been overcome for you; getting the prospect to buy into network marketing as a legitimate business model. All because of your MLM genealogy leads.
However, it is common knowledge that MLM genealogy leads is far from perfect. The person you call on a genealogy list may be very happy with their current opportunity and not open to looking at anything.
They could be a wholesale customer or not working the business. They could be inactive and may even be out of the industry altogether.
One of the biggest threats to working MLM genealogy leads is the Do-Not-Call Registry. Recently, the number of phone numbers registered under Do-Not-Call Registry surpassed 100 million. That number is significant, because the Registry has only been in operation for over two years.
Apparently, these people are getting wiser into the kind of marketing being offered everyday. Some of the opinions based on generalizations and experience may be.
One study run over 100,000 MLM genealogy leads through the DNC scrubbing process. It was found out that approximately one-third of the people on the list were on the Do-Not-Call Registry.
In the North Eastern states, that number even reached up to over 50%.
If you are planning to call MLM genealogy leads, protect yourself by having your list scrubbed against the Do-Not-Call Registry. Many companies are already providing this service. Just make sure that you are dealing with a reputable one.
Even with these downsides, there are still plenty of reasons to work MLM genealogy leads. They are very inexpensive when compared to most MLM lead sources. If you happen to land a big player, it can be the best thing that could ever happen to your business.
It can be noted that MLM leads are the lifeblood of many network marketers.
Over the years, MLM leads have become a key component of building a downline. As the demand for MLM leads has grown, the quality of MLM Leads has suffered.
Many lead capture pages are designed to get anyone to fill out the form. Some list brokers have sold their MLM leads several times, causing the people who filled out a form inquiring about a business opportunity to get bombarded with phone solicitations.
Some of these people who are on MLM leads put down false information, register with the Do Not Call Directory, and will say they never filled out a form. This is done just so they will be left alone. But in reality, they still are interested in a business opportunity. They just want it at their own time and when they are ready for it.
There are many ways to grow your business. Working MLM genealogy leads is one of the major methods for this. There are also many types of leads, as well as a plethora of leads companies.
No lead list is perfect. There are drawbacks and benefits to each one. Put yourself in charge of your leads. Know whom you are buying them from; see if they are really MLM genealogy leads, the conversion rate, and if they are DNC scrubbed. This will definitely minimize any future headaches.
Being smart about your genealogy leads. They are a good business move.
However, it is common knowledge that MLM genealogy leads is far from perfect. The person you call on a genealogy list may be very happy with their current opportunity and not open to looking at anything.
They could be a wholesale customer or not working the business. They could be inactive and may even be out of the industry altogether.
One of the biggest threats to working MLM genealogy leads is the Do-Not-Call Registry. Recently, the number of phone numbers registered under Do-Not-Call Registry surpassed 100 million. That number is significant, because the Registry has only been in operation for over two years.
Apparently, these people are getting wiser into the kind of marketing being offered everyday. Some of the opinions based on generalizations and experience may be.
One study run over 100,000 MLM genealogy leads through the DNC scrubbing process. It was found out that approximately one-third of the people on the list were on the Do-Not-Call Registry.
In the North Eastern states, that number even reached up to over 50%.
If you are planning to call MLM genealogy leads, protect yourself by having your list scrubbed against the Do-Not-Call Registry. Many companies are already providing this service. Just make sure that you are dealing with a reputable one.
Even with these downsides, there are still plenty of reasons to work MLM genealogy leads. They are very inexpensive when compared to most MLM lead sources. If you happen to land a big player, it can be the best thing that could ever happen to your business.
It can be noted that MLM leads are the lifeblood of many network marketers.
Over the years, MLM leads have become a key component of building a downline. As the demand for MLM leads has grown, the quality of MLM Leads has suffered.
Many lead capture pages are designed to get anyone to fill out the form. Some list brokers have sold their MLM leads several times, causing the people who filled out a form inquiring about a business opportunity to get bombarded with phone solicitations.
Some of these people who are on MLM leads put down false information, register with the Do Not Call Directory, and will say they never filled out a form. This is done just so they will be left alone. But in reality, they still are interested in a business opportunity. They just want it at their own time and when they are ready for it.
There are many ways to grow your business. Working MLM genealogy leads is one of the major methods for this. There are also many types of leads, as well as a plethora of leads companies.
No lead list is perfect. There are drawbacks and benefits to each one. Put yourself in charge of your leads. Know whom you are buying them from; see if they are really MLM genealogy leads, the conversion rate, and if they are DNC scrubbed. This will definitely minimize any future headaches.
Being smart about your genealogy leads. They are a good business move.
MLM Success is Not a Nickle and Dime Thing
After three and a half years in network marketing (mlm) it still amazes me. People, even long timers, think that they can make a full time income (or get rich) by buying a $35 starter kit and buying $50-100 in product every month, then recruit three people who will recruit three people.
It’s not like that.
Those people who are a real success will tell you that it takes a MAJOR amount of full time effort to succeed in mlm. It takes hours and hours of phone calls for recruiting every day. It takes holding conference calls, loading and sending emails into an autoresponder, work, work, work. It takes monthly product purchases over a year or more. You work for a year or more and maybe you are making $500 a month.
Success in network marketing is won by one of two methods:
First you can work your behind off 20 hours a day, recruit a hundred people or more (of whom only 1/3 will stay involved,) put $1500 or more in total product monthly purchases and phone bills and make $500-$1000 a month....
OR
Second: You can decide to take the $1500 at the start and join a business that requires a $1000 purchase or more to start earning money. I’m not talking about front-end loading here. Far from it. There are at least three network marketing companies I know of where you can plunk down your $1000-$5000 startup costs all at once, never make another payment out of pocket, recruit a few people, not a hundred, and start earning massive amounts of money from the start.
These are real, stable, legal, (and not well known) network marketing companies that have been around for two or more years.
These companies have no monthly product purchase requirement. After your initial purchase, there will be nothing coming out of you pocket. And you don’t need to recruit a hundred people, either. My sponsor in my current program sponsored just 11 people and made $35,000 in her first four months. (Ok disclaimer here: you may or may not make that kind of money-you know the drill)
Change your mindset. Put up a good chunk of money at the start, never pay another cent, recruit a few people and make an incredible amount of money fast...And still have time for a LIFE.
...or work like a dog for a year or two and see if maybe you might make a couple hundred dollars a month if you can keep recruiting to replace the ones who drop out.
Network marketing has changed. A few companies know the truth and have designed programs around it. And a few networkers have caught on.
Why not you?
Get The Spiderwebmarketingsystem today.
It’s not like that.
Those people who are a real success will tell you that it takes a MAJOR amount of full time effort to succeed in mlm. It takes hours and hours of phone calls for recruiting every day. It takes holding conference calls, loading and sending emails into an autoresponder, work, work, work. It takes monthly product purchases over a year or more. You work for a year or more and maybe you are making $500 a month.
Success in network marketing is won by one of two methods:
First you can work your behind off 20 hours a day, recruit a hundred people or more (of whom only 1/3 will stay involved,) put $1500 or more in total product monthly purchases and phone bills and make $500-$1000 a month....
OR
Second: You can decide to take the $1500 at the start and join a business that requires a $1000 purchase or more to start earning money. I’m not talking about front-end loading here. Far from it. There are at least three network marketing companies I know of where you can plunk down your $1000-$5000 startup costs all at once, never make another payment out of pocket, recruit a few people, not a hundred, and start earning massive amounts of money from the start.
These are real, stable, legal, (and not well known) network marketing companies that have been around for two or more years.
These companies have no monthly product purchase requirement. After your initial purchase, there will be nothing coming out of you pocket. And you don’t need to recruit a hundred people, either. My sponsor in my current program sponsored just 11 people and made $35,000 in her first four months. (Ok disclaimer here: you may or may not make that kind of money-you know the drill)
Change your mindset. Put up a good chunk of money at the start, never pay another cent, recruit a few people and make an incredible amount of money fast...And still have time for a LIFE.
...or work like a dog for a year or two and see if maybe you might make a couple hundred dollars a month if you can keep recruiting to replace the ones who drop out.
Network marketing has changed. A few companies know the truth and have designed programs around it. And a few networkers have caught on.
Why not you?
Get The Spiderwebmarketingsystem today.
MLM Is It A Scam Or Not?
The network marketing industry, also known as multi level marketing (MLM), has become one of the major controversies in the business world. Both advocates and detractors have used strong arguments defending their view.
The detractors have condemned MLM as a scam because the system falsely claims instant riches with less effort based on a “pyramid” marketing scheme that expands a business improperly by promoting too much hype and misleading facts.
They also note that 95% of the MLM business opportunities fail, with supporting evidence. There are huge profits involved only for the top performers and not for the vast majority of the distributors.
The proponents of multi level marketing insist that it is one of the best business models to create wealth without investing large capital and on a short term basis. On the other hand, they also note that it requires a lot of effort and it is not a ”get rich quick scheme”, pointing out that this approach to marketing has been taught as a mainstream course in universities.
The proponents of MLM support their arguments by claiming that there are many cases of people who succeeded in the MLM industry with a small amount of start-up capital and only by following a specific plan put forth by the original company. They also differentiate the MLM from “pyramid schemes” because the first contains a product or service with a legitimate company which supports it.
On the other hand “pyramid schemes” contain no products or services, or they include “pseudo products” in order to justify the existence of the “opportunity”
Another argument against MLM is the bogus claim of duplication. Nothing can be duplicated since every individual is unique and, under no circumstances, are we all capable of becoming top salesmen or developers of down-line, i.e. MLM marketers recruited as salesman, referred to as “independent business owners”. Actually, a charismatic salesman in the network in this scenario rises in the ranks of the pyramid by earning money from these new recruit’s hard work.
The MLM advocates that duplication is possible only when the marketing plan and the tools have been advanced by the mother company in order to be duplicable for the majority of the distributors. This implies that whenever the mother MLM company is in a position to provide such a tool, then ordinary people with little to none marketing background can copy the marketing techniques and tools and promote their MLM opportunity successfully.
Another downside of MLM is the exploitation of our relatives urging them to join our MLM opportunity which oftentimes stresses family relationships unnecessarily and is considered by many to be a dubious marketing tactic.
Some proponents may counter that there is no need to beg your relatives for sales; instead, what you need is qualified prospects who are interested in your offer. That can be accomplished by purchased targeted leads or specific advertising methods.
The list could go on. Maybe not even an exhaustive book would be enough to note all the arguments both sides deploy. Maybe the problem is the conundrum itself, in which we have to choose between demonizing or canonizing the MLM industry. Since nothing can be duplicated, everything boils down to how the individual marketer presents his material to his prospects. Therefore, one can conclude the MLM system is good for some and not for others, so there is no need to disparage it or support it in the first place as a third party observer.
In that way of thinking we will not find answers. Only detailed consideration of each and every MLM company would lead to more accurate conclusions and that means thorough examination of the products or services, the marketing and compensation plan, the marketing tools , and of course the company’s support and background.
The detractors have condemned MLM as a scam because the system falsely claims instant riches with less effort based on a “pyramid” marketing scheme that expands a business improperly by promoting too much hype and misleading facts.
They also note that 95% of the MLM business opportunities fail, with supporting evidence. There are huge profits involved only for the top performers and not for the vast majority of the distributors.
The proponents of multi level marketing insist that it is one of the best business models to create wealth without investing large capital and on a short term basis. On the other hand, they also note that it requires a lot of effort and it is not a ”get rich quick scheme”, pointing out that this approach to marketing has been taught as a mainstream course in universities.
The proponents of MLM support their arguments by claiming that there are many cases of people who succeeded in the MLM industry with a small amount of start-up capital and only by following a specific plan put forth by the original company. They also differentiate the MLM from “pyramid schemes” because the first contains a product or service with a legitimate company which supports it.
On the other hand “pyramid schemes” contain no products or services, or they include “pseudo products” in order to justify the existence of the “opportunity”
Another argument against MLM is the bogus claim of duplication. Nothing can be duplicated since every individual is unique and, under no circumstances, are we all capable of becoming top salesmen or developers of down-line, i.e. MLM marketers recruited as salesman, referred to as “independent business owners”. Actually, a charismatic salesman in the network in this scenario rises in the ranks of the pyramid by earning money from these new recruit’s hard work.
The MLM advocates that duplication is possible only when the marketing plan and the tools have been advanced by the mother company in order to be duplicable for the majority of the distributors. This implies that whenever the mother MLM company is in a position to provide such a tool, then ordinary people with little to none marketing background can copy the marketing techniques and tools and promote their MLM opportunity successfully.
Another downside of MLM is the exploitation of our relatives urging them to join our MLM opportunity which oftentimes stresses family relationships unnecessarily and is considered by many to be a dubious marketing tactic.
Some proponents may counter that there is no need to beg your relatives for sales; instead, what you need is qualified prospects who are interested in your offer. That can be accomplished by purchased targeted leads or specific advertising methods.
The list could go on. Maybe not even an exhaustive book would be enough to note all the arguments both sides deploy. Maybe the problem is the conundrum itself, in which we have to choose between demonizing or canonizing the MLM industry. Since nothing can be duplicated, everything boils down to how the individual marketer presents his material to his prospects. Therefore, one can conclude the MLM system is good for some and not for others, so there is no need to disparage it or support it in the first place as a third party observer.
In that way of thinking we will not find answers. Only detailed consideration of each and every MLM company would lead to more accurate conclusions and that means thorough examination of the products or services, the marketing and compensation plan, the marketing tools , and of course the company’s support and background.
So You Considered A MLM Home Based Business
Considering an MLM home based business? If so, it could be a very lucrative home based business option for you, but you should also know exactly whether or not what you are getting into is truly an MLM home based business or something else. Plus, you need to weigh out the positives and negatives of an MLM home based business before you decide that it is the right business for you.
Making sure you are actually getting involved in an MLM home based business, or multi-level marketing home based business, is important to save yourself some difficulties later. An MLM home based business involves the direct selling of products or services through the recommendations or endorsements of independent representatives. So, if you are the representative, you receive a commission on any sales that came from your endorsements. Also understand that most products sold through an MLM home based business are not necessarily advertised through mainstream media or in stores.
The confusing part of determining if your MLM home based business is legitimate is that there are a number of pyramid schemes out there that are dangerously similar to legitimate MLM home based business concepts. Remember, a pyramid scheme is illegal, and getting involved in one can cause you more trouble that it is worth. You will need to do your research into any MLM home based business that you are considering so that you are sure the MLM home based business you are going to run is valid and legal. Usually if your investment in proportionate to the product or service you are selling, your MLM home based business will probably be valid.
There are a number of advantages to having an MLM home based business. First of all, you will be working from home where you can virtually set your own hours, which is probably why you are considering an MLM home based business in the first place. Also, you will not have to manufacture any products, because you are usually selling things that are already made, and the MLM home based business will usually come with a pre-determined marketing plan. Many people suffer through the process of determining the most effective methods for marketing their products, but with an MLM home based business, you are relieved of that stress.
The disadvantages of having your own MLM home based business, though, depends a bit on your personality. If you have good leadership skills and are as self-starter, then an MLM home based business will pose little hardship to you. However, if recruiting and selling gives you hives, then starting and maintaining an MLM home based business may be more of a challenge, since your success depends on your ability to create a downline of recruits.
Still, having your own MLM home based business means that you can live out your dream of being your own boss and having flexibility in your work schedule. You do not need any prior experience, and you can rely on your personality to recruit and maintain your downline. Still, do your research to make sure your MLM home based business is a legal business so that you can truly enjoy the freedom that the MLM home based business offers.
Making sure you are actually getting involved in an MLM home based business, or multi-level marketing home based business, is important to save yourself some difficulties later. An MLM home based business involves the direct selling of products or services through the recommendations or endorsements of independent representatives. So, if you are the representative, you receive a commission on any sales that came from your endorsements. Also understand that most products sold through an MLM home based business are not necessarily advertised through mainstream media or in stores.
The confusing part of determining if your MLM home based business is legitimate is that there are a number of pyramid schemes out there that are dangerously similar to legitimate MLM home based business concepts. Remember, a pyramid scheme is illegal, and getting involved in one can cause you more trouble that it is worth. You will need to do your research into any MLM home based business that you are considering so that you are sure the MLM home based business you are going to run is valid and legal. Usually if your investment in proportionate to the product or service you are selling, your MLM home based business will probably be valid.
There are a number of advantages to having an MLM home based business. First of all, you will be working from home where you can virtually set your own hours, which is probably why you are considering an MLM home based business in the first place. Also, you will not have to manufacture any products, because you are usually selling things that are already made, and the MLM home based business will usually come with a pre-determined marketing plan. Many people suffer through the process of determining the most effective methods for marketing their products, but with an MLM home based business, you are relieved of that stress.
The disadvantages of having your own MLM home based business, though, depends a bit on your personality. If you have good leadership skills and are as self-starter, then an MLM home based business will pose little hardship to you. However, if recruiting and selling gives you hives, then starting and maintaining an MLM home based business may be more of a challenge, since your success depends on your ability to create a downline of recruits.
Still, having your own MLM home based business means that you can live out your dream of being your own boss and having flexibility in your work schedule. You do not need any prior experience, and you can rely on your personality to recruit and maintain your downline. Still, do your research to make sure your MLM home based business is a legal business so that you can truly enjoy the freedom that the MLM home based business offers.
MLM Business-Mistakes to Avoid
For the many people new to the MLM business, or for veterans who have yet to realize success in the industry, recognizing and correcting four detrimental yet commonly made mistakes can make all the difference. Today, we will look at some of the mistakes many in the MLM business make and what you can do about them.
Mistake #1
The first mistake practically everyone makes in this industry is trying to sell. We are in the teaching and mentoring business. If we are doing this right, we are building relationships, not trying to get people into our deals. People can feel the difference when you’re talking to them and trying to sell them. They don’t like it. Neither do you! You don’t like to be sold, and you don’t like the feeling you get when you’re trying to sell something. It doesn’t sit right deep down inside. So stop it! Build relationships, and success will follow. That is key!
Mistake #2
Not checking the background of your company leadership to make sure that they have MLM experience, with integrity, is another mistake. Why does this matter, you ask? Well, do you want to build this once, build it big, and build it for your children’s children? Then you better make sure that the people running it know what they’re doing and respect the guys and gals in the field who are building it. The best way to do this is to read your company’s policies and procedures. Some of the things you will find there will make you scream! When you read them, you’ll realize who you are really building the business for and it’s not you! Please, please, read the policies and procedures!
Mistake #3
Not knowing how many people it takes to earn the income you want is a huge blunder. Do you want to make $10,000 every month? Okay, then how many people in your organization does it take, on the back end, to make your goal? How doable is that? Are you having trouble just keeping 10, 20, or 30?
In most comp plans to make $10,000 a month, you need anywhere from 1,600 to 5,000 people, depending on how your plan is set up. How doable is that when you can’t even keep 30? I know of a comp plan out there that requires less than 400 people to make $10,000 monthly. How much easier do you think it is to keep people in that plan? Pretty easy, I’d say. So make sure you know the numbers, then crunch them to see how doable it is for you.
Mistake #4
The final mistake that many MLM distributors make is going after their friends and families. Unfortunately, a large majority of companies out there employ this “technique” as their primary source of lead generation. Ouch! Let me just tell you from personal experience that your “warm market” is the coldest out there! If you’re in a company where this is the primary source of lead generation, you are in for a hard time, my friend! This technique does not work. The best leads are the ones you generate yourself, and if your company, team, or upline doesn’t have a system in place to do that, it’s going to be very tough.
These are just a few of the mistakes many people make in a MLM business, but with some basic skills and a good system in place, these mistakes are avoidable. If you are having difficulties, take a good look at these mistakes and see if you’re not making one of them in your own MLM business.
Mistake #1
The first mistake practically everyone makes in this industry is trying to sell. We are in the teaching and mentoring business. If we are doing this right, we are building relationships, not trying to get people into our deals. People can feel the difference when you’re talking to them and trying to sell them. They don’t like it. Neither do you! You don’t like to be sold, and you don’t like the feeling you get when you’re trying to sell something. It doesn’t sit right deep down inside. So stop it! Build relationships, and success will follow. That is key!
Mistake #2
Not checking the background of your company leadership to make sure that they have MLM experience, with integrity, is another mistake. Why does this matter, you ask? Well, do you want to build this once, build it big, and build it for your children’s children? Then you better make sure that the people running it know what they’re doing and respect the guys and gals in the field who are building it. The best way to do this is to read your company’s policies and procedures. Some of the things you will find there will make you scream! When you read them, you’ll realize who you are really building the business for and it’s not you! Please, please, read the policies and procedures!
Mistake #3
Not knowing how many people it takes to earn the income you want is a huge blunder. Do you want to make $10,000 every month? Okay, then how many people in your organization does it take, on the back end, to make your goal? How doable is that? Are you having trouble just keeping 10, 20, or 30?
In most comp plans to make $10,000 a month, you need anywhere from 1,600 to 5,000 people, depending on how your plan is set up. How doable is that when you can’t even keep 30? I know of a comp plan out there that requires less than 400 people to make $10,000 monthly. How much easier do you think it is to keep people in that plan? Pretty easy, I’d say. So make sure you know the numbers, then crunch them to see how doable it is for you.
Mistake #4
The final mistake that many MLM distributors make is going after their friends and families. Unfortunately, a large majority of companies out there employ this “technique” as their primary source of lead generation. Ouch! Let me just tell you from personal experience that your “warm market” is the coldest out there! If you’re in a company where this is the primary source of lead generation, you are in for a hard time, my friend! This technique does not work. The best leads are the ones you generate yourself, and if your company, team, or upline doesn’t have a system in place to do that, it’s going to be very tough.
These are just a few of the mistakes many people make in a MLM business, but with some basic skills and a good system in place, these mistakes are avoidable. If you are having difficulties, take a good look at these mistakes and see if you’re not making one of them in your own MLM business.
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