There’s a lot more to making money from home with a MLM business opportunity than most independent representatives want you to know.  The information I’m sharing with you most of them would rather you didn’t know because they want you sign up quick without too much thought.    

If you are serious about making money from home with a MLM business opportunity you must be aware of several key elements that will make a difference in your success.  

I’m Warren Franklin.  I’ve been a MLM business owner for over 10 years.  For years I walked the trail of tears making just about every mistake possible.  Then just over five years ago I discovered a better way to build my business.  Now I own one of the largest organizations in my MLM company.  I did it by utilizing the same key elements I’m sharing with you. 

Why am I sharing this information with you?  Frankly, I’m tired of seeing good people sign up with a MLM business only to fail after a few months of effort.  It’s time everyone understood how to make money from home.

Frankly, the process of making money from home starts before you sign up.  The key is to find the right MLM business opportunity for you.  Your search shouldn’t be just about making money.  It should be about finding a product or service that you like and eventually develop a passion for what it does to help people or make the world a better place to live.  Even when you find a company you like you must gather additional information.

Questions you should ask are:

To make money from home you have work with a MLM business opportunity that is on the cutting edge of the industry with proven products and services.  If you find you are past the bubble of opportunity or the competition is high from other MLM companies the chances of succeeding are much more difficult. 

You have to ask, “How aggressive is the company at staying ahead of the industry?”  Is the company constantly looking for better ways to serve the public or has it stagnated and looking similar to the competition?  Being ahead of the curve means longevity and that means long term income for you as long as the products or services are useful and in demand.

Just as important, are customers happy with the products or services?  It’s pretty simple to check out the overall satisfaction for the company and what it offers with the Internet.  Do a search to see what past customers and business partners are saying about them.  You can always expect some negative comments, however, if you find whole web sites dedicated to the dissatisfaction of the company you might want to steer away from them. 

What is your initial investment to the company?  What do you get for your money?  Is there a start up kit and what is in it?  Do you have annual renewal fees with this business?  How long will it take and what do you need to do to get that money back?

Many nutritional based MLM businesses require you purchase $100 or more of product a month.  When you have a love and passion for the products you can live with this, however, if you signed up because you could see a big opportunity to make money from home you won’t last very long.  Make sure you really want the products offered before you sign up and are required to purchase them every month.

Remember, you will be asking business associates to sign, use the same products and make the same commitment.  When you have a passion for the products you can do that, but it is hard to ask people to do something that you aren’t sold on.

I could spend a lot of time talking about this subject.  There’s so much to share.  Here are the keys to finding the right MLM business opportunity:

Who sponsors you into a MLM business opportunity is as important as determining the company and the products or services they offer.   One of the biggest mistakes most people make in this industry is signing up with people who don’t know what they are doing and don’t know how to teach you how to build your MLM business. 

Make sure you find a sponsor who either knows what he is doing or has experienced business associates who are willing to work with you. 

I recently wrote an article on this subject called, “A Critical Mistake 99 Percent of New Home-Based Business Owners Make Before They Sign Up.”  I encourage you to read this article.  It will save you a lot of headaches and hassles.

I have yet to see anyone succeed in this industry without putting time and effort into it.  That’s the way it is in everything we do.  Then, why is it that so many people sign up and then don’t do anything?   There are several reasons:

Quitting is the biggest reason for failure.  Most people give up too soon.  They never give their business a chance to grow and develop.  It takes time to grow a large MLM business and make money from home.  Have patience, work hard and your business will grow.

When you choose the right MLM business opportunity making money from home becomes a whole lot easier especially when you have the right leadership teaching you how to do it, you work the business consistently and give it time to mature.

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MLM Downline â?? Add 20 to 30 People A Week

There are hundreds of network marketing companies out there and all of them teach the same techniques to grow your business and mlm downline. Making a list of your friends or family, passing out brochures, the 3 foot rule, doing 3 way calls to your up line, purchasing expensive opportunity seeker leads, inviting to hotel meetings, etc. The worst part is that they tell you that all you need to do is fine 3 people who will find 3 who will find 3 who will find 3 and your mlm downline will make a 6 figure income.

If you’ve been in network marketing for a while, you already know these techniques donâ??t work and just end up making you broke. Many people donâ??t enroll a single person into their mlm downline using these techniques. The only successful thing you end up doing is getting bumped off the free family dinner list. Today and in future articles Iâ??ll show you how to really grow and explode your mlm downline and do it quickly.

There are people in various MLM companies right now ranging from nutrition, telecom, travel, etc using the exact same techniques that Iâ??ll be teaching you and adding 20 to 30 people a week into their mlm downline. Sounds unbelievable donâ??t it?

Oh, and just so you know, adding 20 to 30 people a week into your mlm downline means not a 6 figure income but a 7 figure income. I hope this doesnâ??t disappoint you. So letâ??s get started.

The first thing you must know right from the beginning when trying to build your mlm downline so that you donâ??t grow gray hair is DO NOT lead with the product and not the opportunity opportunity. Leading with the opportunity and a concept is taught by almost all network marketing companies. The reason you donâ??t lead with the opportunity is because this causes people to join your mlm downline and pay for the products monthly only because they are required to and theyâ??ll try really hard to grow the business and after continuous failures, they quit in about 3 or 4 months.

What this means for you is that your constantly on a tread mill because as fast as you can enroll new associates into your mlm downline they are dropping off just as fast which is a perfect recipe for gray hair. To discover more business building techniques to grow your mlm downline and obtain a free report titled â??The Heavy Hitter Report to adding 3 reps a dayâ?, visit http://www.7figurenetworkerkit.com

 

 

 

Technorati Tags: mlm, Mlm Downline, Mlm Marketing Tips, Mlm Success, Mlm Tips, Mom Success, network marketing

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Although this is one of the least discussed topics about your MLM business, it is actually a very important part of your business. To be successful in your home business,  it is extremely important to get a good mentor. In fact, it is just as important as finding a good sponsor if you want to achieve success in your MLM business. Tracking out a good mentor and finding one, when starting your MLM business, is like hitting the jackpot to win a game.While working on your home based business, when you are blessed with a good mentor, the difference between success and failure can distinctly be observed. With his long years of experience, your mentor will ensure that you don’t encounter the same mistakes that they experienced before. They will also guide you to learn the ropes of MLM business and on the possible fall backs you may encounter during the course of this business. This will not only save you time but will also gain you more experience when you start your own business. Starting without a mentor, you might just feel really frustrated and possibly lose your direction within a few months.What has to be borne in mind is that, when looking for a mentor, look out for someone really special whom you can respect, trust and accept the teachings from and also look out for the one, who is already making a steady income of about $5000 – $10,000 every month. It of course depends upon your goal of earning a specific figure each month and to look out for a mentor achieving similar target as your goal.Learning to be consistent and persistent is one of the main ingredients when starting your MLM business. Find someone who has gained success in one company rather than many other companies and accept the conditions of learning the classic way of doing what your mentor does and saying what your mentor says. Make certain that you maintain a healthy relationship with your MLM mentor. It is good that the mentor you choose matches your personalities so that you not only get comfortable with the coaching, but also get a long lasting friendship which will strengthen your success, ahead in life. A successful MLM person is always willing to help others be successful and hence a good mentor will listen to you and would perhaps add in a few useful ideas and tips for a positive result. Finding a mentor is not so difficult and you can get your perfect choice of a mentor through forums based on network marketing/MLM. Here, you can evaluate how respectable the members are and know more about what they have to say and on how they introduce themselves. Always revising thoroughly on what you intend to talk about, approach the member you have chosen, and very politely and professionally ask them if they could be your mentor. When they get convinced of your determination and seriousness in the MLM business, they will be more open to be your mentor. Focusing on how the relationship can benefit both of you, get prepared for long term relationship with your newly found potential mentor. Following the etiquette is what people expect in the MLM industry and if this is respected in its true professional sense, then you are in the best of positions for the rest of your life, to get a good mentor for your MLM business.

Technorati Tags: consistent and persistent, forums based on network marketing/mlm, get your perfect choice of a mentor, Home Based Business, mlm, Mlm Business, mlm mentor, Mlm Success, perfect mentor, sideline, steady income, successful mlm person, upline

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Members of multilevel marketing (MLM) currently are growing by leaps and bounds. But just as there are multiple members of MLM, there are as many myths and misconceptions that surround those who practice multi level marketing.

The following are myths commonly associated with MLM.

First MLM myth: Multi level marketing is a form of pyramid scheme.
The fact is that – it is not. Fist of all the obvious difference between MLM and a pyramid scheme is that the former is a legal means to perform business while the latter is definitely illegal.

The common process in a pyramid scheme is that you usually have to part with a significant amount of you hard earned money in exchange for literally nothing. You get no visible services or goods. What you are supposed to have is a lot of luck and a chance to double, triple or quadruple the money you put in – if that is ever possible. But chances are — and there is a lot of chance of this happening – the only person or persons that do get rich are the ones on top of the pyramid.

The idea is that pyramid schemes is a way to transfer funds from one person to another.
But in multilevel marketing, you are given the opportunity to involve yourself in a system of business that is legal. There are actual products distributed among MLM members and networks composed of various clients and buyers.

Second MLM myth: Multilevel marketing provides better money making prospects than
conventional businesses and business models.
The fact is that that is not the case for all MLM ventures. There have been instances where only a mere one percent of MLM investors and distributors actually gained profit. Meanwhile, those who earn a living via MLM are also smaller in number.
The conclusion that opportunities for success in a multilevel marketing business is slim is mathematically sound. This is because the structure of MLM can actually support a very small number of successful MLM winners.

Basically the system is unstable and the quantity of distributors in a specific area is unlimited, also there is no clear or specific market potential evaluation.

Third myth: Multilevel marketing is a Ponzi scheme in disguise

The fact is that – it is not. A Ponzi scheme derived its name from a man who existed during the 1920’s whose last name was Ponzi. Charles K Ponzi operated a scheme wherein older investors earned money literally by sitting down and doing nothing thanks to the influx of money invested by newer members.

The difference between a Ponzi scheme and a pyramid scheme is that the Ponzi scheme ollows no clear structure or hierarchy. Actually, there is only one — lucky – person who collects money acquired from new investors. This person then uses the collected funds to reward, award and give these cash to older investors who were earlier promised that they will be given the proceeds originally promised to be given to them.

So the bottomline is: if you are involved in a Ponzi scheme, you are then merely paying off profits originally promised to earlier investors. Ponzi schemers make you believe that they will help you make money when in actuality they are taking your money and giving it to those investors who earlier put their money in long before you did.
In a Ponzi scheme there is also no visible goods and services provided or distributed.

Fourth myth: Multilevel marketing is a way of life that gives you security and fulfillment.

The fact is that — it does not. In reality no such business exists that will give anyone a secure and fulfillin way of life. No business is perfect, there will always be financial ups as well as financial downs. And multilevel marketing is just as subject to that.
Unfortunately most MLM advertisements and come-ons involve truly tempting forms of materialism. The excesses presented by multilevel marketing companies would make even Fortune 100 companies blush. Most MLM ventures promise scandalous wealth, personal fulfillment and luxury.

Fifth myth: Multilevel marketing is as easy as one two three.

The fact is that MLM is not for the lazy at heart. There is a misconception that MLM equals to easy money. Some even think that all they have to do is establish a few contacts – preferably those they already know like family and friends – and from there wait for their checks to arrive in the mail.
Most people who actually get rich from MLM ventures are those that worked the hardest.

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Several questions buzz in one’s mind regarding Multi-level Marketing business. People seem to be perplexed by the status of this business…is it really a business! Then comes the question of its productivity….can it generate enough money for livelihood? Is MLM business is a distribution business? Does it care for the satisfaction of customers and looks always for new customers?

All the answers of these questions are positive.

Let me clarify how and why it is called a business. There are 5 business factors test questions whose replies are required to qualify any venture as a business.

Does MLM business distribute some kind of goods and services?

Yes. Goods and services are distributed in MLM business by personal distribution methods. The goods are directly distributed to the customers without any involvement of middle man. The MLM company can certainly manufacture these goods and services but they generally don’t. In the MLM business, the goods and services are fabricated by outsiders; those are then shipped by the MLM business to the distributor or customer. The distributor now takes possession of the goods and is ready to sell them to their own customers.

Is there any existence of official office, headquarters or structure from where the MLM business is done, with an address?

Yes. Every MLM business possesses some sort of headquarters of office from where the goods are shipped; they must take the responsibility of the handling of the shipments to the customers. The office need not be a pretty looking edifice, but a structure which provides proper atmosphere to accomplish the necessary works in scheduled time. All the MLM businesses must have a visible address for the convenience to communicate.

But the distributor works out of this office as his business is home based.

Does MLM business possess a structure of accounts for an effective and legal running of its works?

Yes. The MLM businesses have an accounting structure; there should be professionals for taking care of the smooth running of all business transactions. These persons maintain the book keeping task for the MLM business as well as the MLM distributor. The MLM business taking place from home must also have some kind of an accounting function. This is needed for profit and loss statements and tax purposes.

Are there business licenses and legal structures of MLM business which are required to do business in the countries and states they work in?

Yes. Every MLM business, irrespective of the time period of their operation, requires having the necessary legal structures and business licenses to work in any corner of the world. They are subjected to cease in a state if they cannot show proper documents. A large portion of MLM business possesses some kind of a corporate body under which the company operates.

Is the basis of the operation of any MLM business ‘for profit’?

Yes. A traditional or non-traditional successful business, in general, operates on a ‘for profit’ basis. The MLM distributor even requires working on a ‘for profit’ foundation. This ‘for profit’ basis is needed because operating not in a mode of profit and incessant loss of money can mar the prospects of a business.

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