How To Achieve Multi Level Marketing Success Online
50MLM Basics
Multi Level Marketing, also often called Network Marketing, is an amazing success formula for working from home, and when using the POWER of the Internet, to achieve your personal and financial dreams!
Our goal in this Hub is to provide you with the facts on what this industry IS and what it is NOT and point you to resources that will enable you to achieve Multi Level Marketing success.
First, just what is Multi Level Marketing?
Simply put, MLM (as we'll call it here) is simply a business marketing system for moving products and services from the factory to the marketplace and it losely discribes the type of compensation plan used in the business to pay for the product distribution.
You will soon know why MLM and Network Marketing are called "Franchising for the New Millennium!."
First, you need to know that MLM is not an illegal pyramid scheme, but is 100% legal and many multi-million dollar companies market their product strictly through MLM promotion.
Some of the best known MLM companies include Amway, Herbalife, Shaklee, Tupperware, Princess House, a subsidiary of Colgate Palmolive, A.L. Williams, Melaleuca, Mary Kay Cosmetics, Xango, U.S. Sprint, MCI, and NSA. These companies have been around for decades.
There are actually 100's to 1,000's more MLM companies, and new ones starting every day. Just like other types of companies, some are better than others, but one thing is for sure, MLM is here to stay. The MLM industry is an explosive growth field with some of the fastest growing companies in the nation.
More and more Fortune 500 companies are embracing Network Marketing as a part of their marketing portfolio!
So why the big attraction to Network Marketing companies and programs? Well, because it represents a wonderful potential for the *little guy* to start his own home based business on a part time basis with very little investment and make a whole lot of money! But contrary to what some people will tell you, it does take work, it is not effortless.
The beauty of Multi Level Marketing is that it's not about one person doing ALL the work. It's about many people each doing a little and working together as a team! And that is where the terms "Multi Level" and "Networking" come into play.
In fact, millions of people are earning a solid income from the comfort of their own home while being their own boss. You don't need an expensive office anymore. A telephone, basic computer, fax machine, ambition, and the knowledge of how to proceed successfully are all it takes!
What is missing most often when people fail at MLM is the knowledge of how to successfully build their business. I hope to cover some of that knowledge here is this Hub and point you to where you can obtain the rest of the required information to be successful in any Network Marketing business.
How is this possible? The concept is fairly simple, MLM companies offer their products and services through independent distributors or representatives who can then recruit other distributors.
That way, a distributor can buy the MLM products or services at a discount and earn money as a commission selling the product or service directly to others.
He also earns "overrides" for the distributors that he has sponsored.
And it gets better. Normally, a distributor also earns "overrides" for several levels deep in his organization. These distributors are called his "downline" or his "organization." You have probably seen how an organization can grow, but I'll show you again just in case.
Let's say that your organization has 7 levels. Let's assume that you sponsor 3 people, and everyone does likewise. Your downline would then grow like this:
- Level 1 3 Distributors
- Level 2 9 Distributors
- Level 3 27 Distributors
- Level 4 81 Distributors
- Level 5 243 Distributors
- Level 6 729 Distributors
- Level 7 2,187 Distributors
- Total = 3,279 Distributors
Now that's quite a few distributors. If you earned $10 a month for each distributor in your "downline", you would be earning $32,790 a month!
You can make a lot of money in MLM, if you follow a simple, proven formula for success.
Let me explain what it takes to succeed and also to fail in MLM. You need to understand the underlying principles of MLM first.
You Must Build Your Organization Deep!
Notice in the previous table that you earn your big money on your 7th level. That's because that's where most of your distributors are.
To build a deep organization, you MUST train and help your first level! In other words, you must have a method that can be duplicated! Your first level people must have a way to help their first level (your 2nd level) and so on.
This duplicative effect is the most powerful ingredient of MLM. It's also the reason why MLM is creating Financial Freedom for thousands of people worldwide today!
Working our duplicative system is easy because we know from experience that it's something anyone can do!
Imagine if you shared this business system with Mary in Boston. Then, Mary tells her friend Joe in Pittsburgh about our concept. Joe tells Bob in California, who goes on vacation to Canada. While in Canada, Bob meets Charles and tells him what's going on. Charles is excited because Canada has just opened for your company to do business and Charles builds a huge organization of motivated Canadian Representatives.
Bob is happy, Joe is ecstatic, Mary is thrilled and you have financial independence! Bye-bye boss, bye-bye alarm clock!
By just sponsoring one person, you've set in motion a chain of events that has people working on your behalf all across the U.S. and now internationally. Watch out world!
And every person who joins is adding to your monthly commission check, as well as their own! This is a small example of duplication and MLM in action!
Do you think together we could find just one person a month to join your business system? Do you think together we could teach and train this one person to do what we do?
If you do, then you can succeed in MLM!
I believe as a team we will add more than one person a month to your business, and help them do the same!
But, you know what? Even a 90 percent failure rate can still provide a full time income in your first year alone. Imagine year two, three and beyond!
Ask yourself these questions -
Do I want to take control of my own future, both in time and money?
Do I want to be at the forefront of a trend that, combining the power of MLM and the technology of the Internet, will produce massive generational wealth?
Am I motivated enough to take the simple steps required to achieve this level of success?
This is not a "get rich quick sceme." It requires work but if you are willing to put in the time and effort, financial freedom can be your if you know how to properly proceed in building your business.
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