Welcome to my "How To Succeed With An MLM Business" guide!
MLMs exist almost everywhere, claiming that you can earn lots of money with them.
However, there are different shares of comments about MLMs and it is very challenging to work on an MLM business.
Are you worried about it?
If yes, then stop worrying! Because you have this complete guide on how to succeed with an MLM business!
This guide has tips that will help you throughout your MLM journey.
So... without any further ado, let's get started and be a good MLM distributor!
What are MLM businesses?
Before we get to the exciting part, getting to know MLM businesses is an important thing.
What are MLM businesses?
Multi-level marketing (MLM) businesses are a type of direct sales business.
Independent representatives (you) have to sell the products and services that are offered by the MLM business, to consumers.
Furthermore, you can recruit other people to become one of the representatives of the business.
You have to train them and manage them. They are your downline.
You can earn money through your personal sales which will give you commissions.
Additionally, when you are able to create a downline, you can earn a percentage of the sales that your representatives make.
How much can you earn?
The compensation plan differs according to the MLM business you are working in.
Some MLMs even offer bonuses and incentives which depend on your rank.
Note: MLM businesses have a ranking system that increases your benefits the higher your rank.
Here's a better alternative to MLMs!
Pyramid Schemes and Scams
Most people always confuse MLMs with pyramid schemes.
I have provided you a video explanation below by Ted-Ed, about pyramid schemes and MLMs.
So basically, MLM companies offer you real products and services that you can sell. You can also recruit.
Pyramid schemes only rely on recruiting. No selling. No products. No services.
You have to watch out for them if you don't want to lose your money and investment.
Another scam are the pyramid-schemes in disguise and they are much harder to detect.
Usually, they are MLM companies. They offer real products and services. However, they heavily focus on recruiting.
That is a red flag.
I have several reviews about MLM companies and I examine them whether they are a scam or a pyramid scheme, or not.
You can check them out here.
Tips You Need
Working in an MLM business is never a piece of cake. It requires a lot of work to be successful with it.
So, let me start giving you the tips that you need on how to succeed with an MLM business!
Know the truth about MLMs
My first tip for you is...YOU HAVE TO KNOW THE TRUTH ABOUT THE MLM COMPANY.
I have been reviewing a lot of MLM companies already, and all I can say is... the chances of you earning a great amount of money is small.
Less than 1% of the total distributors of most MLM companies earn much.
But then again, don't let this discourage you if ever you really want to work in an MLM business.
Apart from the business model, one factor that led to those results are, probably the majority of the distributors are not hardworking enough.
Choosing a great company
Choosing what MLM company you will work in is a very important thing.
There are different niches out there that offers MLM opportunities.
I recommend you to choose the company that sells products you are interested with!
In this way, you will not have a hard time working.
Identify your target market
Identifying your target market can increase your sales.
For example, if you are selling health and wellness products, do you think selling to someone who is not interested in those, will purchase the products?
No.
That's why it is important for you to identify your target market before selling the products.
These people are your potential customers.
Be ethical and genuine
MLM businesses require direct sales.
Most of the time, MLM companies get a bad reputation because of how representatives offer hype and false statements and can even be deceptive.
My tip for you is to be honest with your deals. You should be genuine so that your customers will be comfortable and won't see you as a quack.
This is also why you should pick a niche you love because you will be enthusiastic and very knowledgeable about it.
You won't have to create stories that might give you and your company a bad rep.
Sponsor, not recruit
This is one mistake that most MLM distributors make.
They often think that recruiting only, will give them money.
No, that's not the case.
You will get rewarded for making people be successful.
You don't only need to recruit people but also to train them and manage them.
Make sure that they do their jobs well so that they can close more deals.
More deals, more commission for both of you. It is a win-win situation.
Manage your network
In connection with the previous tip, managing your network is a must.
Make sure that they are following the guidelines and also, you have to make keep track of their progress and how they do things.
Maybe, they are not doing great and are receiving bad reviews or encountered bad deals with customers.
If that's the case, you have to know so that you can guide them.
Think of it as teamwork.
Do your research
I will always tell you to do this. Research.
There are a lot of MLM companies out there, offering job opportunities.
But at the same time, scams are lurking around too.
Do your research and find out if the company you have set your eyes on is actually legit.
Furthermore, research about the guidelines, the compensation plan and the products of the company.
This will really be a great advantage for you.
Be a solution provider
Most MLM companies will provide you a script that you will follow with making a deal with your customers.
This will give you an idea about the products and how to answer questions from your clients.
However, it is still very important to LISTEN to your customers.
Afterwards, you can present them a solution. You need to tailor it according to their needs.
Keep on selling
MLM business is not passive. It requires you to work to actually see and receive results.
You are a salesman. You have to sell, sell and sell.
Use all of your connections to promote the products and attract clients.
Some companies allow you to use social media, while some do not. So you have to research first.
Besides, sales will give you commission. So sell more.
With this free to Join Program you can make money without selling any products or recruiting people!
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Try it out!
Work harder
This is more of a general tip since it applies to almost everything.
Like I said, working in an MLM business requires actions. You have to move and move to be successful.
Do you think that the 1% who made a great amount of money, reached that place without doing anything?
No.
So you always to have work harder and not give up. At first, things will be difficult and challenging.
But that's part of the process.
In the end, everything will be worth it.
Bottom Line
You have reached the final part of this guide! I hope that you learned something about how to succeed with an MLM business.
MLMs really require a lot of investment, money, time and effort.
Furthermore, the chances of you being successful is very small. These tips I gave you can be able to help you.
But the success you are looking for, entirely depends on you.
If you really love MLMs, sure, go for it.
But if you ask me, there are a lot of better options.
For example, you can earn money online with reward sites. They pay you whenever you finish tasks such as:
But my top recommended way of earning money online?
This is How I Make Money from Home!
Like I told you above,, my top recommended program is affiliate marketing.
That is what I have been doing for years already and I can say that it is the best way of earning money online!
Why is it a lot better compared to MLMs?
- You can work anytime and anywhere
- No selling of products and services
- No recruiting people
- Your boss is yourself
- You can earn more money
- And the best thing is, your income is PASSIVE!
Over the years of doing affiliate marketing, I have been earning affiliate commissions on a daily basis. Here's my proof!
My November affiliate commissions thanks to Wealthy Affiliate!
Do you feel that most aren’t successful with MLM because they hate or have no selling experience. I personally never really got involved with MLM because the companies always seem to put so much emphasis on making money only when those who signed up through your links are successful.It just seems like so much work for such little payout and it seems like something that would take forever (possibly even longer than blogging). If you had to choose one over the other, would you choose an MLM based business or Affiliate marketing through content creation?
Hello, Aria! Actually, the main reason why most people are not successful with MLMs is how the business is structured. If you check my MLM reviews, you will see the pattern. And to be honest, MLMs were designed to be a business, not to be a source of income. You may be earning money, but it is not enough. When in truth, you are just another customer, because most MLM companies require you to purchase their products/services every month to maintain your distributor status or to even rank up.
I would personally choose affiliate marketing over MLMs anytime. It is just easier, less hassle, and you can earn a passive income. Unlike, MLMs which require you to direct sell their products.