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Casper
Member
Joined: 27 Aug 2007
Posts: 275
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# Posted: 10 Feb 2008 20:48
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I don't know if a thread has been done on this before but I was curious too know what are the best MLM companies too go with if you want too start this kind of business.
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getagrip
Joined: 20 Feb 2006
Posts: 1586
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# Posted: 18 Feb 2008 20:33
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I say avoid MLMs and check out internet marketing - you can learn how at Wealthy Affiliate.
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BillChechel
Member
Joined: 8 Jan 2008
Posts: 158
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# Posted: 18 Feb 2008 22:09
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Are you looking for just MLM specifically or any networking company? I am with a direct sales networking company and I find the pay plans in these types of companies are much more lucrative than traditional MLM's.
Just make sure the companyyou choose is expanding overall and always keeps their products and marketing materials new and up to date. Also make sure the company you choose has strong upline/system support and doesnt leave you stranded to fend for yourself. Good luck!
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grnwealth
Member
Joined: 6 Feb 2008
Posts: 35
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# Posted: 19 Feb 2008 13:19
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I say avoid all MLM's and money games or cash gifting programs. They are either scams or they take too long to develop a six figure income with, which is what should be EVERYONES GOALS!
To make money in this industry you need a stand alone big ticket product that has a great profit margin and systems in place to help close sales. Those are the three musts of any business.
You must also see value in the products and be able to have a conscience promoting them. That is why I love Global Resorts Network. The ROI is huge and the product is great.
Chris
877-776-7503
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BillChechel
Member
Joined: 8 Jan 2008
Posts: 158
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# Posted: 19 Feb 2008 21:42
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Chris,
I agree 100%. Stay away from those MLM's that take a huge downline to start paying any significant residuals.
Stick with the bigger ticket programs and the solid systems that produce profitable sales for you. Make sure you dont have to pass any sales up to your upline. In my opinion, this is a terrible practice that takes money from your hard earned efforts when you need the money the most.
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mentoru2success
Member
Joined: 6 Feb 2008
Posts: 66
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# Posted: 20 Feb 2008 05:09
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I love Global Resorts Network because there are two equal commission of $1000 are paid every time a membership is sold. $1000, whether you are starting your first or fifth level.
Than you couple it with resources and mentoring from a team of successful entrepreneurs like I have found and you really have something going.
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mentoru2success
Member
Joined: 6 Feb 2008
Posts: 66
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# Posted: 21 Feb 2008 04:36
Reply
Quoting: Casper I'm looking at joining this program it's one of the best MLM's I have come across as it's providing a product that everyone wants, When you look at it you should ask yourself who dose not want too travel or go on a holiday I don't think many people would say no. It rewards members in several way such as commissions & of course the member trips plus I really like the support you get with this program.
Hi Casper !
You have the right mind set for Global Resorts and would do well. I have had various businesses for almost 14 years and have spent tens of thousands in marketing various opportunities. I am currently and ebay power seller as well. In that time I have never seen a business like this before and I knew better to jump on board while it is on the ground floor. This marketing arm is new but the company behind the product is 21 years. I actually was going to join with another travel membership just for the travel before I found Global Resorts. I researched Global Resorts network and various teams for three months because it seemed almost too good to be true. I had trouble with my payment and the corporate office refunded my money in a 2 days! I wanted to position myself to succeed at this and so wanted to join a team. The best team I found actually spends ten of thousands in various advertising campaigns and rotates the leads and sales that come in within the team to help you get started. They have a huge back office with lots resources and mentoring in various web 2.0 methods. How much would $1000 sales change your life ? Oh, and there is that lifetime membership to luxury resorts. A few of my partners are having $20,000 months !
Yes, I am excited and am glad I made this decision. "Casper" if you need any more info regarding Global Resorts or would like to join a demo I would be happy to help. I am not going to sale you because we are looking for a certain type of person and I have many wanting to join everyday.
Take care.
Dan H
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WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 241
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# Posted: 21 Feb 2008 10:38
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Quoting: grnwealth I say avoid all MLM's and money games or cash gifting programs. They are either scams or they take too long to develop a six figure income with, which is what should be EVERYONES GOALS! To make money in this industry you need a stand alone big ticket product that has a great profit margin and systems in place to help close sales. Those are the three musts of any business. You must also see value in the products and be able to have a conscience promoting them. That is why I love Global Resorts Network. The ROI is huge and the product is great.
Interesting,
So you are saying your one up multi level comp. plan is not MLM? Come on now, who sold you that false illusion that one up plans are not MLM? Any program with commissions coming from other than your personal sales is indeed an MLM, at least that is how regulators define it, 2 or more levels is MLM.
Good luck to all, Mike
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mountainmom5
Joined: 30 Aug 2007
Posts: 1242
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# Posted: 21 Feb 2008 10:46
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Interesting thread going here. How would it be network marketing if there wouldn't be some sort of comp plan involved?
That's the beauty of it all. Most of the 'big guys' like Donald Trump, Robert Kyosaki, etc... see network marketing as the way for the ordinary folks like us to make an extra-ordinary income -
Works for me and I love it!
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WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 241
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# Posted: 21 Feb 2008 10:59
Reply
Interesting,
How does one define MLM, let me count the ways. lol Simply put, you can say whatever you want about MLM, Network Marketing, or Direct Sales, but in every case, it is still selling. If you cannot sell, or do not believe in the product or service you are promoting, you will never succeed in your own business.
Leverage is the only way to make a significant income in any business due to time constraints of each individual. No matter what anyone claims, you cannot become wealthy by your own labor, you need a team, and more importantly, a helpful and willing team.
The next most important aspect of any business is having a product or service that offers true value to the consumer, not your fellow distributor or downline member, but to the consumer who is not involved as a representative. Now how many MLM's can make this claim? Granted, there are value issues tied to quality, but given most MLM's sell overpriced me too products and services, it would be wise to ask if any retail to consumer only sales are being made, and then ask for proof.
Most people have a negative opinion of MLM, and many companies try to say they are not MLM to escape the comparison, but this only masks the facts, and in my opinion, if you can't say it like it is, then what are you hiding from? Sorry, but if you use the regulators definition, it is anytime you are earning on two or more levels of distributor sales, so don't be fooled.
The MLM model is good, many companies were not, hence, the poor reputation of the industry as a whole. With close to 60 year history of MLM, many have come and gone, but the fact remains, it is about the only chance you will have to make a significant income if you choose the right company and team. Look for billion dollar industries, look for exclusive product or services, look for stable existing company management, not start ups, choose industries that are not already under the regulators scrutiny, so do your research carefully.
When choosing any business opportunity, don't fall for the mandatory purchase, registration fees, website fees, support fees, etc., any real deal will not charge you to be a representative. If there is a sales kit, then a small fee is justified, but regulators state it should be at cost, so anything that sounds too expensive to start, will not last for it is illegal to charge an unreasonable fee to become a representative, and commissions cannot be largely based on bringing in people, it must be based on retail sales.
Simply put, do your due dilligence, and look for the free no cost or purchase required business opportunities, whether MLM or not, you should never be asked to pay to play. Would you pay to get a job? Then why would you pay to sell for any MLM or Direct Sales Company? You are already putting your time into representing company, so why should you pay anything to make them money? It just does not make any sense to pay excessive fees to join any business, or pay for website and back office support, these are all signs of a weak financial position of company, so BEWARE.
Good luck to all, Mike
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Casper
Member
Joined: 27 Aug 2007
Posts: 275
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# Posted: 22 Feb 2008 07:46
Reply
Quoting: mentoru2success Hi Casper ! You have the right mind set for Global Resorts and would do well. I have had various businesses for almost 14 years and have spent tens of thousands in marketing various opportunities. I am currently and ebay power seller as well. In that time I have never seen a business like this before and I knew better to jump on board while it is on the ground floor. This marketing arm is new but the company behind the product is 21 years. I actually was going to join with another travel membership just for the travel before I found Global Resorts. I researched Global Resorts network and various teams for three months because it seemed almost too good to be true. I had trouble with my payment and the corporate office refunded my money in a 2 days! I wanted to position myself to succeed at this and so wanted to join a team. The best team I found actually spends ten of thousands in various advertising campaigns and rotates the leads and sales that come in within the team to help you get started. They have a huge back office with lots resources and mentoring in various web 2.0 methods. How much would $1000 sales change your life ? Oh, and there is that lifetime membership to luxury resorts. A few of my partners are having $20,000 months ! Yes, I am excited and am glad I made this decision. "Casper" if you need any more info regarding Global Resorts or would like to join a demo I would be happy to help. I am not going to sale you because we are looking for a certain type of person and I have many wanting to join everyday. Take care. Dan H
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BillChechel
Member
Joined: 8 Jan 2008
Posts: 158
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# Posted: 24 Feb 2008 21:36
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Quoting: WARRANTIES4LESS Leverage is the only way to make a significant income in any business due to time constraints of each individual
And this one line is what makes MLM and direct sales network marketing so powerful. You can find a "work at home job" but it will never compare to owning your own business and reaping the huge benefits of residual income.
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grnwealth
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Joined: 6 Feb 2008
Posts: 35
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# Posted: 26 Feb 2008 12:58
Reply
Listen I believe ANYONE can make money with ANY opportunity. The fact of the matter is if you are a prospecting gizmo or a marketing genius you can sell anything. But for the average person to be successful then need to see the truth. The truth is you need a real stand alone product that has and will sell without the oppty attached to it. You need systems that will help you weed out the weak and the tire kickers and you need a comp plan that pays you hundreds and thousands, not fives and tens. You need to focus on your niche market and exploit the heck out of it!
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WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 241
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# Posted: 26 Feb 2008 13:05
Reply
Interesting,
Most people hate selling, and they hate to be sold, so before you decide to go into any home business, MLM or direct sales, you either have to be a super salesperson, or have a product that is exclusive, super value or needed my the masses.
Without a product that sells itself, most will not succeed. This has been proven over and over again, so don't fall for the income potential hype, check into the product or service and test the waters first, see if you can sell it before you invest a dime, or your valuable time is what I suggest.
Good luck to all, Mike
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grnwealth
Member
Joined: 6 Feb 2008
Posts: 35
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# Posted: 1 Mar 2008 21:59
Reply
I 100% agree with Mike. You need a stand alone product that has sold and will continue to sell in the marketplace without the oppty attached to it. So many programs out there have these fictional products just so money can be made. Software or ebooks. And those companies come and go
To make alot of money in this industry you need that stand alone product. You also need a system that helps do one of three things. Either market, prospect, or close. You then focus on the other two using the leverage of the system for the third one. You also need a comp plan that will pay you a minimum of 10k a month. If your not making that full time you have a problem as you are just trading time for money like with a job. Treat it like a business and you will get rewarded treat it like a hobby and you might as well throw your money down the toliet.
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ateamfuntimer
Joined: 22 May 2007
Posts: 682
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# Posted: 1 Mar 2008 23:46
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Great points. I have been promoting for years that you must have a product that people want at a price that is affordable. Ive also been promoting having an system as well. Its funny that so many are afraid of the word "sales". All life is sales people. Just accept it. The great thing about MLM's, network marketing and direct sales is that we usually have great video presentations as well as amazing websites to do the selling for us. What can separate you from the masses and make you successful is being yourself. People buy from people they like. Its that simple. Develop yourself and people will see the growth and follow you. Also be as real as possible. My best sales always come when I build relationships and not just use sales pitches. Now understand there is a fine line. You have to build a PROFESSIONAL RELATIONSHIP. Talking about the latest movie in the theaters wont make you alot of money. Talk about why you got started in your business. Talk about how you run your day to day operation as well as your successes and failures. As the saying goes "Keep it Real".
I think we have the best opportunities on the market. Ive taken my Coastal opportunity to the next level and even created a free option. That takes all the excuses away. My business partner and I are in the works of even creating a new Coastal Vacations system where you have no monthly website fees. Its the flexibility of MLM , network marketing and direct sales that allows us to do that. If we owned a major corporation we wouldnt have the time or the money to create so many things. As our time is leveraged by having a team as well as our commissions being as high as they are we can focus on other projects and add improvements to the great systems already in place.
If you are truly serious about finding an affordable business opportunity then MLM, network marketing and direct marketing are the way to go. They have products that people want at a price that is competitive and you can make great profits with none of the overhead you would have with a traditional brick and mortar business. So if you are looking come join me and lets build our dreams together as part of the A-Team.
Adam Frederick
Internet Entrepreneur
302 613 4632
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LauraLicata
Member
Joined: 1 Jan 2008
Posts: 273
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# Posted: 2 Mar 2008 11:14
Reply
This is a great thread and many interesting points have been made. I am relatively new to this business and have found some success. I totally believe in supporting my downline and I give away my sign ups often so that we all see success.
With all the nonsense and scams out there, as well as people who are not trustworthy, it really helps to be as truthful and honest about your programs.
I love this business though and I hope I will be doing it for many years to come!!
Take care,
Laura
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WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 241
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# Posted: 2 Mar 2008 19:42
Reply
Great thread,
Nice to see the posts here on subject of sales. MLM is a great business model for most, as long as you have a product or service of value, and unfortunately, only about 5% of MLM's can claim this from my research.
If you are going to sell the quality over price, which most MLM's claim, then that product better work and work for the majority of people who try it. This too is not the typical case. With the nutritional and health products, who knows if these overpriced products are as good as they are promoted to be? I have tried them all, and for the life of me, none but one made me feel better, and that is out of hundreds of products I have tried.
When I choose a product, it better be something I can personally state is better than the competition. If it doesn't pass my approval, sorry, I cannot sell it to others, no matter how good the compensation plan may be. Value, especially in a recession rules, and many will unfortunately discover this over the next couple years. I was in several traditional businesses and felt the pain of high inflation, high interest rates and high unemployment, so choose your product or service carefully in these economically challenged times.
What will you eliminate from your life when the sinking economy starts to pinch your families budget? This is the number one question you have to ask yourself before you choose to promote any product or service. If you would cut back on nutritional products, as example, how many others would do the same? This acid test holds true for most people, so ask yourself, what would you eliminate when it came time to pay the rent, mortgage or car payments and little was left?
Good luck to all, Mike
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KellyBTTW
Member
Joined: 5 Mar 2008
Posts: 2
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# Posted: 6 Mar 2008 19:51
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Quoting: getagrip I say avoid MLMs and check out internet marketing
I agree that internet marketing is the way to go. Trust me, I have tried them all!! I have tried Lead Broker, and it has brought in a little money............but the program that changed my life has been Big Ticket To Wealth. Every one of my mentors has been so helpful, even the CEO and I have talked!!!! How many other internet marketers can say that?
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grnwealth
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Joined: 6 Feb 2008
Posts: 35
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# Posted: 17 Mar 2008 13:14
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You need to market a product that is not some thinly disguised money game that promotes Ebooks or seminars. You need a real product with real value. Preferably in the direct sales arena opposed to the MLM arena. I think its just as easy to make a $3000 sale as it is a $30 sale when you present the product correctly to a target market.
The Global Resorts Network product is a stand alone product with extreme value that will save the customer tens of thousands over a lifetime. It has sold and will continue to sell without the oppty attached to it. Plus the systems we have here. Where Virtual assts close all our sales is awesome. No prospecting and no cold calling. Just cash the $1000 checks and enjoy the true duplication that happens with a perpetual leverage plan!
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WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 241
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# Posted: 17 Mar 2008 22:30
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Quoting: grnwealth You need to market a product that is not some thinly disguised money game that promotes Ebooks or seminars. You need a real product with real value. Preferably in the direct sales arena opposed to the MLM arena. I think its just as easy to make a $3000 sale as it is a $30 sale when you present the product correctly to a target market. The Global Resorts Network product is a stand alone product with extreme value that will save the customer tens of thousands over a lifetime. It has sold and will continue to sell without the oppty attached to it. Plus the systems we have here. Where Virtual assts close all our sales is awesome. No prospecting and no cold calling. Just cash the $1000 checks and enjoy the true duplication that happens with a perpetual leverage plan!
Agreed,
If you are a super salesperson, then you are right, you could probably sell a $3000. dollar item as easily as a $30.00 one, but sadly, most people are far from being a super salersperson, in fact, most people can't sell a to save their lives.
You can have the best product in the world, but most people don't have enough to meet their weekly budget as most will run out of money before the week has ended, so selling a $3000. product is not easy for most, nor is selling a $30.00 product or service, so your market is very narrow, and the higher the ticket item is, the more narrow your market is as this recession get worse.
I sold my travel agency just before last recession hit, so although I agree, selling high ticket items generates better commissions, some products will get hit harder than others in a recession.
Good luck to all, Mike
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Mark_Worthen
Member
Joined: 20 Mar 2007
Posts: 65
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# Posted: 21 Mar 2008 00:35
Reply
Casper: I don't know if a thread has been done on this before but I was curious too know what are the best MLM companies too go with if you want too start this kind of business.
I own a web site where I list what I consider to be the best MLM companies. It's not perfect but it's a good place to begin your research.
Search on Google for "best mlm" and it's the first natural search result.
Best Regards,
Mark
P.S. "Natural search" means search engine results, not the pay-per-click ads on the right side (and sometimes on the top).
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Casper
Member
Joined: 27 Aug 2007
Posts: 275
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# Posted: 21 Mar 2008 03:13
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grnwealth: I 100% agree with Mike. You need a stand alone product that has sold and will continue to sell in the marketplace without the oppty attached to it.
I live in a remote area of Australia so we are quite a distance from the nearest travel agent so that's one of the markets I'm planning on targeting.
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mentoru2success
Member
Joined: 6 Feb 2008
Posts: 66
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# Posted: 21 Mar 2008 06:32
Reply
WARRANTIES4LESS: Agreed, If you are a super salesperson, then you are right, you could probably sell a $3000. dollar item as easily as a $30.00 one, but sadly, most people are far from being a super salersperson, in fact, most people can't sell a to save their lives. You can have the best product in the world, but most people don't have enough to meet their weekly budget as most will run out of money before the week has ended, so selling a $3000. product is not easy for most, nor is selling a $30.00 product or service, so your market is very narrow, and the higher the ticket item is, the more narrow your market is as this recession get worse. I sold my travel agency just before last recession hit, so although I agree, selling high ticket items generates better commissions, some products will get hit harder than others in a recession. Good luck to all, Mike
Automated System Closes Sales for Global Resorts
I am using GRN Team Builder site which offers professional virtual assistants call my prospects and close the sales for me. They are working out well.
I encourage to request a call back from these Virtual Assistants to see if you could imagine them representing you. The struggle of closing sales is eliminated because the virtual assistants do the closing for you.
We teach our partners to use this systems and use various free advertising methods to drive targeted people who want to join to your team.
thanks
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annadenise
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Posts: 269
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# Posted: 21 Mar 2008 14:12 · Edited by: annadenise
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Reading through this thread, we all have our personal preferences, but bottom line, you need to find something where there is a product and you firmly believe in the product. Finding a program with a mentor or a team that works together is extremely important. Find a company that is solid with strong financial backing. Even better, there are a few teams out there that offer great Internet 101 training for those that are new or just want to learn more. I went through the stage of every MLM type program under the sun. I made over $60,000 in one of them in only 4 months last year. Then it disappeared after 6 months, and many of my online friends were close to earning and did not. I have been in other reputable programs, but it was too difficult to keep others from dropping out and took way too much work to earn a little.
My passion ended up making it so easy for me to learn it, you love the product, the co., the team you are in, and suddenly you do a lot better job of selling it. I do not mean it comes that easy - but it makes a tremendous amount of difference when you are really "into it". I found something that involves Cooperative Marketing where we can buy all the customers we want and then if we choose also promote it as a business opportunity. It did cost me more to get in at a level to earn immediately - but to me, it is a cross between buying an expensive franchise and network marketing. That is just me. I recently found one other program that fits almost all the criteria I want at a very reasonable price and involves books. I happened to get under the person who developed the team sites and talks to Robert Allen almost daily. This is something else that there is always a need for. This particular team has an exceptional training program and a 12 month money back guarantee.
Both of these should do well for me over the long run, will I earn the $60,000 in 3 months I did in that one program? No.. will I keep my integrity and online friends in what I am doing now instead and have the security of knowing these programs will not disappear next week - yes. (By the way, while earning that amount in one program, I was in other stupid things the last 2 years, so if I count all I spent that was a waste, it was not anywhere near $60,000 that I earned LOL!)
I actually saw a signature in this thread for something my husband may want to check out - there are some really good people in this forum that are giving opinions but not forcing opps on you.
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WARRANTIES4LESS
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Posts: 241
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# Posted: 21 Mar 2008 14:40
Reply
Interesting,
Automated systems are great, especially when you have a product that does not sell based on value, exclusiveness, never mind need, so I agree, you really do need a professional closer to make it with most products or services. Without true verifiable value of product or service, you better have a pro closer or be a super salesperson or you won't make a dime over time.
Good luck to all, Mike
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BillChechel
Member
Joined: 8 Jan 2008
Posts: 158
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# Posted: 22 Mar 2008 20:22
Reply
The system I am with does utilize a call center to help close sales.
The reason we have that center is because most are a little timid when it comes to personally discussing a business opportunity. This holds true for most of the new people. It allows those team members to have the same advantage as a seasoned veteran who knows the ins and outs of our business.
Another positive side of having an experienced person call on your behalf, is when the question arises "how much have you made so far?". That is always a top question new prospects ask. So when the person they are speaking to has generated multiple 5 figure months they can easily handle that objection. Obviously if you are new you will not have the same income claim to make because you are new to the system. It is not your fault you just started a week earlier.
And the last thing a call center does is let the new person see that the business is truly automated. We advertise the business as such, and the call from our call center is rock solid evidence that we hold true to that statement.
We have a solid product that absolutely everyone needs. The fact that we have a call center does not take away from our opportunity, it just adds to its value.
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grnwealth
Member
Joined: 6 Feb 2008
Posts: 35
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# Posted: 27 Mar 2008 01:50
Reply
I have closed my whole life on the phone and have no problem doing it and helping those on my team do it. The Virtual Assts though do make it a lot easier for when I am not available. I just got back from Vegas for a week stay at the Bellagio ( I go ever year for the tournament) and I had the VA's doing the work for me.
I also am now teaching my team some major tricks on how to get timeshare salesman, timeshare buyers, and travel agents interested in both the product and selling the product. It is very exciting.
I disagree though. To me selling a high ticket item is as simple as a 30 dollar item. It is all about presentation and confidence and getting the customer to see value. Listen so many people want something for nothing out there. I basically laugh at people who dont want to spend money for a business. Why the hell are they looking then if they can't fund or find a way to fund a business. Where in America can you start a business for less than thousands of dollars that will realistically work. Again inform and educate then close.
Our team cuts away the fluff and hype and gives people value. Success to all. Global Resorts is the rare combination of product, system, and comp plan. Take advantage of it!
Chris
877-776-7503
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Aspire
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Joined: 24 Mar 2008
Posts: 101
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# Posted: 29 Mar 2008 22:24
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Wow! - Casper, you lit the stick of Dynamite here. After reading through this thread I am jumping up and down. Thanks everyone, I needed my start to the day (it is only 6am where I am)
Firstly, any business opportunity is a good one if you are prepared to make an informed decision prior to joining, and you are also prepared to do what is required to succeed in it.
Let's just imagine you want to earn big money and you decided to open an electrical retail store.
You buy a franchise, lease a premises for 5 years, organise great flashing signs for the front of it, spend a fortune on fitting it out, stock it with a $1m of stock, place full page advertisements in the newspaper, start a TV advertising campaign and hire staff to make it work. Now you are ready to start trading. (I think you will get the idea about the type of expense involved before you even sell your first TV)
Your first years trading gives you a $1m turnover with 30% profit, and for all intents and purposes it is a very good year � You are a successful retailer.
Now take out the operational costs � Staff wages � insurance � stock costs to increase your product range � premises lease & expenses � ongoing advertising etc. After working 15 hours a day for 7 days a week you would be very fortunate if you were able to pull $100,000 and still have your business go forward.
This is assuming that you did not make the mistake of placing your business in a low socio-economic community, and an opposition store did not open up next to you just after you started. (and your wife didn't threaten to leave you because you are now a fanatical self consumed working machine)
Been there � Done that � Bought the T-shirt
The bottom line here is that 95% of the population will never be in the financial position to be able to do earn $100k this way, or be prepared to make the sacrifices necessary to do it.
It is my opinion that everyone in the free world has the right to better themselves, and Home Based Businesses (no matter what they are) is the way to do it.
grnwealth: I say avoid all MLM's and money games or cash gifting programs. They are either scams or they take too long to develop a six figure income
Nearly right � but I suggest refraining from using MLM in this quote.
After two bad experiences in leading MLM's I had decide to stay away completely from them and concentrate on more traditional ways of getting a $100k income each year.
One day a person knocked on my door and offered me a free field test to reduce my fleet fuel bill by 10% to 15%, and also a way to conform to the Kyoto Agreement in reducing my emissions by 75%. I tried it and after extensive testing found it did what they claimed � So I became a customer buying my products On-Line.
They now asked me if I wanted to buy Wholesale and reduce the cost of the product needed to save this money by 20% - I thought OK � do they also have the winning lotto numbers? � I said yes!
This was a two year old MLM company, and with its focus on saving money instead of costing money, and the environmental aspects I became very passionately involved.
After 7 short months I have distributors in three countries and have firmly positioned myself as a leader. I had swore never to get into MLM again.
LauraLicata: I totally believe in supporting my downline and I give away my sign ups often so that we all see success
The only way to do it Laura.
If a company encourages you to build wide instead of deep it is a sign that you should not go there.
If your success is completely dependant on helping your down-line to become successful, this is a winning formula.
Yes, I agree that the marketing hype with some companies is designed to motivate you past the pitfalls of their organisation and get you to sign up forking out heaps of your hard earned cash. It is a sad fact of life that there will always be Vultures circling over the less fortunate.
I bacame excited with my company when they gave me the way to grow without using my own money. Obviously the ethics of any company need to be investigated prior to anyone joining one.
WARRANTIES4LESS: MLM is a great business model for most, as long as you have a product or service of value, and unfortunately, only about 5% of MLM's can claim this from my research...........you either have to be a super salesperson, or have a product that is exclusive, super value or needed my the masses
Very true Mike. The last part of this quote is vital if you hope to grow using commissions from Retail sales.
Most MLM's will teach the novice the fundament of being self employed and how to "Make It" - Just have to learn that it is a learning curve the people are on.
I liken this to learning to ride a bike. Everyone falls off at some stage when learning. You have to keep on getting up and trying again. If the person teaching you to learn how to ride is not capable of teaching you the right way, you change your instructor.
annadenise: My passion ended up making it so easy for me to learn it
Very - very - very important !!!!
With a passion for your business and product, you are going to attract more people like-minded. Your growth will be explosive as long as the basic fundaments of your group is helping others to be successful.
This thread is great and there is so much for people to learn here (and comment on)
Regards
Paul
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WARRANTIES4LESS
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Joined: 20 Feb 2008
Posts: 241
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# Posted: 29 Mar 2008 23:27
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Good points,
So many have failed at MLM's that they paint them all with same negative brush, and this is sad. I too backed away from MLM model, but when you find a product or service which is offering a true value, as in real wholesale discount direct, then you know you have a good company, no matter what the compensation plan offers.
Yes, I am a believer in product first, compensation last. Management and market fit between the two, so you need to have all aspects covered to make it in MLM for the long term. Having seen it all, there are very few which truly offer value and savings, or as I call it, VOI, Value On Investment. If you cannot save money using the product you are promoting, forget any long term success.
Attrition is the killer in most MLM's, and this too is the reason so many blame MLM for their falures, they usually are the quitters, which represent about 98% who have tried MLM. Leverage is essential if you ever hope to make it in business, and only MLM offers true leverage, so don't think all MLM's are the same lame game you last tried.
Good luck to all, Mike
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