Perhaps the most powerful thing about the wonderful business of Network Marketing is anyone’s ability to create residual income. That is one thing that I have always loved about MLM.
I never really could get motivated by a job or conventional business where you work 8 hours or more and get paid for what you just did only once. It just doesn’t make sense to me. I can’t understand why anyone would want to do that. For me to be motivated to do anything, I must have the possibility of ongoing income. Am I lazy? Maybe a little But I think it is just smart to work to create residual income; even if it is part-time in the beginning.
So how do you create residual income in Network Marketing?read full article
Why do people drop out of your MLM venture? This is a question you should definitely ask, because after all, as a distributor marketing your MLM business, you have the most to lose. MLM Companies can survive attrition much more easily than you can as a distributor/Rep. A high rate of attrition can kill your MLM business.
Knowing what causes attrition can help you choose an MLM Company more wisely the next time you want to join another MLM opportunity. Of course, it’s hard to know 100% of the reasons why people quit their MLM business, but we can make an attempt to know some of the major reasons. There will always be some reasons that no one can understand or know, after all, we are dealing with people.
Here are some reasons I have found from my personal experience in working with many MLM Companies over many years to be the main reasons why people quit…read full article
Success in MLM or anything else is a process and not an immediate gratification thing. Many of us think that in order for us to succeed in MLM, we MUST see success immediately. Sure, you can generate some immediate income from MLM but long-term significant incomes come from focused, committed and consistent effort.
When you are working toward achieving a certain goal, failing along the way are not failures at all. In fact, they are lessons that you need to learn in order learn HOW to succeed!
So celebrate failures because they are teaching you what NOT to do.
Of course, that does not mean that you become reckless. You must do everything you can to succeed and make good decisions. But if you fail a certain task, then know that you are one step closer to success.read full article
What makes you a more valuable MLM sponsor? Someone who is sought out by MLM prospects wanting to start a Home Business.
In order to answer that question, you want to get into the shoes of someone who is seriously looking for an MLM opportunity to commit to. Let’s say that you are looking for a good MLM opportunity and you find a company that you like and you want to get started with that company. But you have found two distributors of that company who can sponsor you. One of them talks about how wonderful the MLM company is and how much money you can make.read full article
It always amazes me to see how much risk Company owners are willing to take to operate a Ponzi Scheme. To me, no amount of money is worth losing your reputation and possibly go to jail.
Ponzi Schemes by their very nature can’t last forever. If the SEC does not shut them down like they recently shut down Zeek Rewards, they are eventually going to collapse anyway. Many Zeek Reward fans are still out there trying to defend Zeek Rewards, saying things like the government does not want us to make money and all that, and the government is the real problem here. Let me tell you this, the SEC is doing us a favor by shutting down Ponzi Schemes; because if they don’t, they will eventually collapse anyway and hurt a lot more people.read full article
It didn’t come as a surprise to me, probably also not for many people, that Zeek Rewards was recently shut down by the SEC. It was going to happen sooner or later. It was just a matter of time. I am no expert in this matter but common sense tells me that a program like Zeek Rewards cannot continue forever.
Think about it for a minute… When a Company is paying out more than what it’s taking in, how can you expect it to survive forever? Some of you may be thinking… how is it paying out more than it’s taking in? Well, when you buy $100 of bids, you are given back over a certain period of time well over a $100 back. Now that sounds like a good deal. And it is for the Rep. But for the business to do that, they have to be taking the money from the next person investing (oops, I mean buying bids). This creates a vicious cycle that is usually shut down by the SEC if the program doesn’t collapse by itself; because by the very nature of the business model, the program can’t go on forever.read full article
What is the main ingredient of all long-term MLM success? What is it that has created millionaires in the MLM industry? Is it a great MLM marketing system? Is it great management? Is it a good MLM compensation plan? Is it a distributor friendly ownership?
All of the above is fine and can help you create more success in MLM, but the main ingredient of all MLM success stories is great products at good prices with great customer service; in other words, providing good value in every way.
An MLM Company must have exceptional products at reasonable prices. If an MLM Company doesn’t have that, then the distributors may experience some success for some due to excitement or hype created around the new MLM Company, but sooner or later that excitement is going to die and people will stop buying the products.read full article
Now I know that you know very well that there is no shortage of MLM opportunities. However, I see MLMers switching MLM Companies as if they are going to miss the boat if they don’t get on board with the next hot launch of the week. And it certainly feels that way when you are looking at a new MLM Company that has a new idea or a new type of product. You don’t want to miss something that could make you rich.
However, the fact of the matter is that it is NOT the MLM Company that will make you rich, it is YOU that can make you rich. The MLM Company is just a vehicle to get where you want to go, and it is definitely not the ONLY vehicle.read full article
A business normally means that you will have income coming from it on an ongoing basis. So building a business means building an ongoing income. If you want to get into MLM and make some quick income, that’s not building a business. Sure, many times you can build a quick income while building your MLM business. But building your MLM business rather than earning some quick cash should be your priority IF you want to have long-term residual income.
Let’s accept it, building a large MLM business is not as easy as it may seem. But it can be done by anybody, it’s just not the easy way to get rich, you have to put in your effort and time. So when you do invest the time and energy into an MLM business you want to make sure that it is the right one and that it’s a business that will last a very long time if not forever. read full article
Since the book and the movie “The Secret” came out, the “Law Of Attraction’ gained a lot of popularity.
I believe it gained a lot of popularity because it told people that they can bring something into reality by simply deciding what they want and then believing and imagining that they can have it, without really taking any real action to actually achieve what they want.
It promoted the idea that you can have anything you want even if you are passive. Of course, the idea of having something without actually working for it appeals to the masses. I have to admit, for a long time I was a big fan of the movie. I even invited friends to sit down with me and watch the movie. I loved it!read full article