If network marketing was a job, most of us networkers would be fired. Happily, network marketing companies are very patient, and don’t fire their people for poor performance.
But imagine turning up to the first day of a new career, and the job description was…
1. Get a dream and set some goals
2. Work on your attitude
3. Get motivated
4. Build a strong belief in yourself and business
5. Be positive
What would the picture look like? I’m thinking the economy would be quite dismal. There would be a lot of positive, motivated people, but with no money. [click to continue…]
Long term residual income is the big promise of MLM. It can’t achieved if you have to build it over and over again. It can only be achieved if you are in a company that will be here for the long haul.
There is a saying that goes “Lies, damn lies, and statistics”… I don’t know if this is true but I have heard that 90% of new network marketing companies will not last two years, and 90% of those remaining will not last for four years.
That’s a 99% failure rate for new network marketing companies in the first 4 years!
The recent iLearningGlobal termination of its MLM pay plan is a classic example. It did not last 2 years as a network marketing company, and it was one of the biggest companies in recent history to fail in such a short period of time.
Still think joining a ground floor opportunity is a good idea?… [click to continue…]
Have you ever been in this situation? Straight after you signed on the dotted line to become a new distributor, your upline sat you down and got you to write out a warm marketing list? That list of 100 of your friends and family?
Some uplines will even put their new distributors right on the spot by getting them to call their list right then and there. Instinctively most new distributors know that it’s not a good idea to be prospecting their friends and family about a business opportunity. And guess what? It’s not!
This is the way most network marketing companies do business and it produces appalling results. The thing angers me about this approach to building an MLM is the truth is obstructed from the new distributor. They don’t provide you with the years of training you need – all they tell you is you can be successful if you just show the plan to as many people as you can and get three just as driven as you! [click to continue…]
A network marketing company is your vehicle to financial independence – the thing that takes you from where you are now, to where you want to be. Even if you are a good driver, you need to have a safe, reliable and efficient vehicle to get you to your destination.
So how do you know if your vehicle is capable of taking you to where you want to go? How do you know that you have the right vehicle? And what do you do when you find out that you’re in the wrong vehicle?
That’s where the 5 pillars can help you to assess whether the MLM company you’re representing is the right vehicle for you. The 5 Pillars are what you need to be successful in a company in the long term. [click to continue…]
If you want to create long term residual income in network marketing and have that support your desired lifestyle, avoid MLM companies with high overhead.
The more overhead an MLM company has, the less chance of success you will have in the long term, because the less commissions it can pay you for the hard work that you do as a distributor. The less commissions it pays, the more people you’ll need to sponsor.
The more you’ll need to sponsor, means your recruits will need to sponsor more as well, increasing their likelihood of quitting the business as they’ll realise little return for their efforts. [click to continue…]
How much money does your MLM company need to just to stay in business every month? Does it employ a large number of people all over the world? Does it operate its own farms and factories? Does it own large, beautiful buidlings? Does it sponsor sports stars, movies stars, football teams or baseball teams?
And why should this matter to you as a distributor? Because you, as a distributor, are paying for all of it. It comes out of the compensation plan. The more you have to pay for all of that “stuff”, the less you get back in commissions and bonuses. [click to continue…]
