What Multi-Level Marketing Is – And How You Can Be Successful in This Work from Home Industry
If you want to make money online from part time work that can become a full-time career, then multi-level marketing represents an excellent opportunity. But before you pick your company and embark on your marketing adventure, you need to know a few things…
So, you want to fire your boss, work from home, and enjoy all the trappings that a lifetime of financial freedom brings? Thanks to the internet, there has never been a better time to get started, and opportunity lurks around every corner.
But before you jump in head-first into this ocean of opportunity, step back. While multi-level marketing is a fantastic opportunity, not all are created equal. In fact, pick the wrong one, and you’ll make no money at all. In the worst case, you could even lose it while alienating friends and family at the same time.
That’s a scary thought – but an entirely avoidable fate if you know what you’re doing – and that’s exactly what this article is going to show you.
Just what is Multi-Level Marketing Anyway?
Multi-Level Marketing – or MLM, as many in the industry call it – is at heart a business where you are paid for selling a company’s product, typically through direct sales. This makes you a “distributor.”
You can also make money by recruiting or signing up others into what’s known as your “downline.” Now, here’s where it can start to get a little complicated.
First off, this is where network marketing enters the equation. To attract and recruit people under you, you’re going to need to wear a variety of hats including marketing, communication, and most of all, persuasion.
Combine these two strands, and you’ve got the basic concept of MLM. You enjoy two income streams – one from direct sales of your company’s products, the other from recruiting a downline – and a complete business model all set up and ready to buy into.
Do Your Due Diligence – Or Risk the Consequences
Every MLM company out there – and there are thousands! – operates differently. There are as many different ways to get paid as there are companies, and doing your research will save you a lot of heartache.
Sad to say, there are plenty of shady operators out there, and they prey on people new to MLM. One clear red flag is a business model that has no product and focuses exclusively on recruiting people – otherwise known as a pyramid scam. These are illegal in the United States, but it doesn’t stop them existing.
There are many multi-level marketing plans – and then there are pyramid schemes. Before signing on the dotted line, study the company’s track record, ask lots of questions, and seek out independent opinions about the business.
– Statement from the FTC
The Federal Trade Commission has superb guidelines for investigating MLM opportunities you are interested in. Undertake your full due diligence, and you will be able to safely pick a reputable company that wants you to succeed with them. At the same time, you will safely side-step fly-by-night illegal opportunities waiting to wring every last cent out of your bank account.
Pick Something You Love – And Success Will Come Easily!
Have you ever heard the expression, “do what you love, and you’ll never work another day in your life?”
Sure, it’s corny as all heck, but it’s absolutely true! According to Forbes Magazine, while you might end up loving it a lot less because it becomes work, it’s still hugely more satisfying.
Think about it: what would you rather do? Work for yourself selling products you love and believe in while building a strong business that you can be proud of – or working in a dead-end job you hate with a coffee-breathed boss breathing his toxic ideas and fumes over your shoulder?
If you pick an MLM opportunity that deals in a niche that you love, you are also leveraging something very special: your own expert knowledge of the subject. In turn, this frees up more time for you to focus on learning and doing activities that actively help to grow your business.
You don’t have to pick something you love, and as Forbes warns, it can dent your love just a little bit. With that said, the benefits far outweigh the negatives while tipping the scales in your favor for a successful MLM career.
Making Money Online with MLM
Let’s be clear on one thing: MLM is hard work. It’s no different from running your own business, and you have to treat it as a business, whether it’s a part time job from home or a full-time operation.
Failure to treat it like a business means that it will fail. Will your early days be tough? Yes – you’re new, and you need to build a presence. You need to learn and master multiple skills: marketing, networking, time management, writing, video making, sales, communication…
The list goes on. But like most things in this life, success is ultimately down to you and how much YOU want to make this work. If you can hit all your goals every day, even when you don’t want to, then you are building the foundations for a successful business.
Some MLM companies have been around for over three decades – and their most successful sellers only joined in the last five years. If you’re willing to put the time, effort, and love into your business that MLM needs, then you will be successful.
Is Multi-Level Marketing a Good Fit for You?
There are many ways to make money online, and MLM is one of the most common. Success in this industry comes from hard work, networking and building a business that is supported by a rock-solid foundation that builds trust with your customers and potential downline recruits.
If you are looking for a quick buck, then MLM is absolutely not for you – and you may be seduced by a shady company who will happily take your buck without even saying, “so long, sucker!”
One of the most important things you can do for your future – whatever you choose to do to make money online – is to constantly learn and keep upgrading what you know, keeping ahead of the curve and on top of the latest trends.
You can start learning how to think like a successful marketer today with our training. It’s 100% free and packed with expert advice that you can leverage on your online money making journey. Look around on our site (learn how to get leads with Attraction Marketing) and join us for one (or more!) of our weekly webinars and start learning (click on the picture below, it will ask for your name and email address to put you on the access list for the next webinar)!
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