Is MLM a wise choice?
After reviewing a few mlm business opportunities here and there, it’s time to take a look at why mlms may be the type of business you are looking for.
This article is intended not to persuade you to join a mlm opportunity but rather to know the benefits that can come with a mlm assuming all things go as you plan when you enter your mlm company opportunity.
I checked out quite a few ideas as to why mlm is a good choice and will discuss them here in this blog post.
I don’t think mlm is the answer, however if you are just determined to find reasons to join one, here are a couple.
(Mind you, I have been in two big mlms and both have left me wanting more and wandering how in the world they can be great business opportunities. Empower Network was just way too icky with only selling outdated digital products that you can likely find for free anyways and BeachBody is a good product, however the BeachBody Compensation plan uses you up in the beginning by giving all your leads and sales to others until you have officially recruited others to join you in selling BeachBody. What makes matters worse with BeachBody is that you are not allowed to optimize sites or even mention BeachBody or any of their trademarks in your urls. So as a hobby to lose weight, BeachBody is great. As a business opportunity where people can steal others from you to be coaches and move them around to their downline….it’s all ick and what I hate most.)
If you are already thinking maybe mlm isn’t for you because of that last paragraph, take a moment and see what Brad has to say:
Still interested in your mlm opportunity?
OK..Let’s discuss the reasons a mlm might be the right opportunity for you (even after reading all these mlm reviews).
Both Donald Trump and Robert Kiyosaki (read very wealthy men) have both supported and discussed that network marketing is the business opportunity to take advantage of if you want to create wealth.
If you listen to great entrepreneurs and take note of their teachings, you will likely hear that recessions are not the times to retract but rather the times to be brave and tap into your creative musings and create a business.
While others contract, you should advance and focus on growing.
Most people, however, take a great risk on their way to wealth by building a business and the failure rate for new business owners exceeds 80% in the first 5 years of business. In addition to putting all of their monies into start ups, young entrepreneurs will often sacrifice their own pay in efforts to succeed which just makes their financial situation even more drab.
Buying franchises is a little bit of safer way to start a business as it comes with an already established and noticeable product. The startup costs of a franchise are fairly high and stats show that one third of all franchises are not successful.
So…what do you have left when you try to create your own wealth rather than work for someone else if franchises and start ups are so risky?
In walks the mlm.
Network Marketing opportunities like mlms often can be started with small cash investments and require very little overhead.
In addition, mlms can be started on a part-time basis and slowly be built up to make for an easy transition from “working for the man” to working for yourself.
Unlike the traditional business model, mlms generally do not require a large advertising or marketing budget and the majority of the sales if driven from the networking or word of mouth opportunities which is where blogging and internet communications are extremely valuable.
Network marketing is a win win situation for both the company and the affiliate or distributor. Amazing feats of market infiltration can occur in the realm of the mlm and as a mlm member you can create some serious cash flow…..IF everything works out for you.
Why else are mlms great?
- Risk = Low – Low risk means that you don’t have to spend a ton of money or time in order to profit right away. Now, don’t take this into account for all mlms. There are some where you can earn immediate cash from retail sales and others (Beachbody) where you have to wait until you convince someone to also sell in your downline.
Although people who argue the benefit of mlm will offer this low risk perk to you, you have to realize that time is a commodity and many many people have spend thousands of hours on mlm opportunities that have led them to nothing but empty pockets.
Before you jump onto that opportunity, make sure you know exactly what you’re selling and if you can generate enough traffic/buyers to buy from you.
The nice thing about mlm is that you don’t have to purchase a storefront in order to start the business.
- Residual Income and Unlimited Earnings – Mlms are notorious of autoship programs. If you get yourself loyal customers (which mlms are generally good at doing) you can find yourself with a monthly stream of residual income for your product.
If you build your downline, you get to make money on their residuals too. The more you grow and they grow, the more money you will make.
As you get larger and larger, you may benefit from company bonuses and incentives and larger residuals and company shares. There are no time limits on these bonuses in any of the mlms that I have reviewed and therefore you can build as big and as fast as you like.
- Product Discounts – In addition to enjoying quality products for yourself at wholesale (or better) pricing, you often times will find mlm products very different and often only offered through a distributorship.
If the product is very unique or desirable, you get to take advantage of that exclusivity in the market. A good example of this is ItWorks Body Wraps.
If the product is good and has good longevity this could mean lifetime of enjoyment by you along with a lifetime of income for you and your family.
Imagine what the first Avon reps are reaping the benefits of now.
- Independent Practice- You don’t have to worry about employees and scheduling them/paying them. Each mlm distributor or affiliate is independent in and of themselves and works on their own terms.
Most mlms also have compression so if you have non working people in your downline, they are bypassed when your compensation comes into play.
In a traditional business, this would never happen.
5.Freedom to Work Anywhere – Most mlms can be run from any locations and many mlm networkers can work while on vacation in the Caribbean.
As a matter of fact, it is not uncommon to see mlm networkers displaying photos of their laptops with mai tai’s in their latest desirable location while working on their business and praising their mlm opportunity.
You can essentially take care of business anywhere. (This is good and bad…I don’t think people should always be working)
So there you go! 5 Top reasons as to why Mlms are good choices but is there something better out there?
What if you didn’t have to even worry about a downline?
I found it.
I don’t have to worry about a downline or getting people to become distributors below me. I know how to rank businesses online and I have business owners seeking me out.
You know what’s even better?
As I do more and more, people know me more and more and that means more people are seeking me out.
I get calls and emails from people who want my skills and they are very valuable skills that few people across the globe have as good as me and my other friends in the same superior online coaching program.
You see, I work with millionaires.
I get to view millionaire mentor videos and learn exactly what they did to get to where they are all the while being encouraged and earning along the way.
My aim is high.
My goal is strong and I’m well on my way in less than a year of joining the program.
I have tripled my initial investment and all the work I put in is paid for generously.
I have yet to find a mlm that does that, let alone a franchise or another business opportunity.
You should be.
OR, check out Brad and join our mailing list. (Personally…if you know you want to succeed online…the call is the way to go but ONLY do it if you are serious. Our time is valuable.)
Good luck with your decision!